₦airaland Forum

GeneralDae:
Padded how? Last year he was still producing around 400k bpd with mostly a Nigerian centric market. This year he hit full capacity in H1 and also became the largest exporter of Jet fuel. Exports of petrol to other African markets also increased several fold.

As for Davido and other private shareholders who bought in June, they can’t sell until June 2027.

Ok thanks.
My post is not to discourage anyone but to present another view, my point of view actually, so that anyone entering blindly can also take time to look beyond the Hypes.

Anyone buying should open eye, ask questions and at least know what s/he is buying into.

The one wey concern me now be say, let the tanking in the market stabilize....
Even if there should be red, it shouldn't be abnormal one like the one we're currently witnessing in the market.

Streetinvestor2:
I like the part of Davido and co
The rich getting richer from your small change
I can never fall maga for anyone again as long as ngx business is concerned. Instead I withdraw the money go flex on luxury with fmly

Street, did you read where it was mentioned that they'll give 2units at no cost to retailers who buys the minimum (retailers incentives)?
I was just wondering if the the 2units has been factored into the 4.1bn OS or they intend creating another one for them, lol

Streetinvestor2:
Count me out of how you all fair after listing. I will never participate on any ipo again on ngx.i have learnt the hard way in the past.i participates in alhaji sugar and flour. Na God save me finally in flour. I warned people here about transpower.When they finish listing I go see quarterly results. No more blind investments at this stage for me with my money. I no trust all nigeria ceo again. Even the refinery listing is 100 % protection for alhaji.He just want to give the people crumbs from the 123 billion OS....lol.

Oh, ok...
I think say you too wan become Refinery shareholder 😊
I read somewhere here that they even made loss last year, how are we sure the profit posted this year wasn't padded?

Besides, the Hype is too much for the Refinery..
When hype is much like this, better to step aside...
One can always buy on the secondary floor after listing and more results are released.

One close relative don call me today say it's necessary to participate in the Refinery, say Dem must buy...... I said it's ok, I no fit shalaye...😊

megawealth01:
If you are buying any IPO ensure you understand details and not because of any hype or persons sha...

2008 is here already?

Somebody like me, I'm not even comfortable with some of the IPO items...

They may want to pump the share price upon listing but las las, na on top retailers Dem go dump the kaya.

Davido & Co no go use me cash out for NGX...😊

Streetinvestor2:
Why is it anytime you see red in the market. You go dey get BP and calling for regulators to act.Is it how it operates in other countries stock exchange
Why don't u make same call on days the market is dominated by green...lol

Get BP ke?
Just to encourage others that may want to get BP to calm down 😁
When I saw the trading, I just logged out and just coming back on shortly before logging to Naira land.

We all know the regulators are favouring Dangote nah.
There are rules that guides new listings but because they needed to use the Refinery to do marketing, they'll bypass some of the Regulations.

If you don't know, the country won't be having good image if the market continues to tank because one over-hyped IPO is coming to market or because one monopolized Refinery is coming to list.

We will all see how you all fairs after listing....😁
TRANSPOWER don teach some of us lessons....

Even if you wan sell the Refinery for 200 with minimum shares of 1, I no go buy such. 😁

Meanwhile, I think we need to be calm....
Don't sell at loss if you're in the market already...
Most of the big/medium stocks are just selling below daily price but some are not shedding officially......if I'm right anyway...

The Market Makers should come up to stabilize the prices.....

The big guys arent selling...
Mostly retailers and traders are.....

Some people are shouting red red red because they wants to keep creating panic sales....
These are the set of people that won't still buy even if it dips, so why should we keep listening to them 😊

brotherly:
See potential $1 Trillion economy dey fall yakata to just $2 billion IPO . Our road still far.

This is what we sometimes say about those in charge of NGX....
Aren't they supposed to have envisaged this kind of occurrence and mitigate against it before the IPO is announced?

This is the time the MM should be up and doing....together with other stakeholders saddled with the responsibilities of stabilizing the market....

Well, I know they can see what's currently happening and urgent actions expected from their end.......if not, Dangote will rubbish all the efforts they've done so far.

Fresh funds are expected for the IPO and besides, they're not expected to approve such huge OS for a start.....
What does the Rule says for a company just coming to list??
Seems they're just after making name and money..

ARADEL
More attention from buyers....
N5.2bn entered so far.....
Officially @1570 since market opened.....
Up with +N80.20 so far....

Streetinvestor2:
Did I see 120billion OS..laughing in French
Na yeye dividend una go dey collect and little appreciation. Alhaji just want Nigerians as foot soldiers incase the government starts to do anyhow. He is not really out to share his investment with Nigerians as he exploit them with price of his commodity

The Refinery is competing with your International Breweries in terms of OS 😁
I wasn't expecting such humongous OS..

IPO: 4.1billion shares....
Total registered OS: 120.13Billion
No be small thing.....

https://thefact.ng/sec-clears-dangote-refinery-to-sell-4-1-billion-shares/
😊

Ibusho:
https://thewhistler.ng/ashon-faults-universal-insurance-licence-revocation-seeks-regulatory-review/

The license revocation wasn't fair on Universal Insurance.
I pray they get justice in their favour on this matter.

SEPLAT @14600 is making OANDO a give away at current price of N37/Share...

With SEPLAT @14,600/Share.....
ARADEL's value has increased to above 2k/Share...
* ARADEL officially @1489.....N1500 intraday

* Though SEPLAT is yet to move officially for today......but it's trading up to around 14600 intraday

** Meanwhile, FTSE RUSSELL has named 31 stocks that meets for Frontier Index....
.....but las las, IF/ONCE it becomes official, then it will most likely Robb on the entire smarket.....
.... because, it's not only 31 stocks that are solid and profitable on NGX......
* The interest will drive many participants to NGX as well...
* Don't forget, MOODY also gave positive outlook to NGX.

elpaso007:
Good morning everyone.
Sunrisepebble, Mercy, Mike Apollo, Pennystockwarri and Megawealth.

It'll be interesting to hear your take on RenCap coverage of Oando...

Lol.
What can amateur like me say again....
The experts who sees much deeper has spoken...
What can we do than to patiently be waiting for the manifestation...😃

If all obstacles is eventually taking out of the way, then this is another stock that can repeat FBNH 's performance on the exchange.
*This is my own opinion

SEPLAT full bid @13552.60...
No 100k to officially move the price yet...

Tony Elumelu has increased his stake to 20.07% ......and maybe 'still counting '

https://nairametrics.com/2026/09/02/tony-elumelus-stake-in-seplat-now-worth-1-28-billion/

* Edited before you go dey drag Mcy upandan 😁

faoogoke:
If ACCESScorp can weather the profit taking pressure today by either maintaining its price or rising a little then there is hope indeed.

Closed higher......N32.50!
+40kobo gain

faoogoke:
Fry pan to fire
E remain to enter Oando

I dey OANDO 😁
We will laugh last 🤣

We'll sell to you @250 😁

Agbalowomeri:
You comot ZICHIS enter AVACAP

All na hustle Oga mi 😂

Meanwhile, ARADEL @1539.90!!
ARADEL: Aggressive accumulations ongoing....

The resilience of ACCESS in the midst of profit taking though!


*These "exited staff" of AVACAP, make una help us release this stock ooo, na beg we dey beg you....
It's being tie-ing money down since it started nosediving

KarlTom:
ARADEL +₦45

@1460.....with more potential to close higher 😊

SEPLAT: Very close to another +10%
The funds entering this stock though!!

Meanwhile, OANDO is also getting volumes...

deathwing:
My bank account is almost clean because I was buying during the dip..but since I don't intend to sell my stocks this December and buy cow, I would prefer the dip stays a bit longer. If you check, that's what I've been saying all through even while accumulating MTN, HBM, Fidson and TIP. unfortunately, I no be Otedola pikin so I can only hope the dip remains until them pay me salary so I can buy more. As aI day, I am Ok with red days till December.

It's alright.
You're doing well 😊......but hope you know there are some people who falls into the category I mentioned.

deathwing:
Seems we have entered September. I pray for a big market dip before the FTSE Russell thing takes effect because this may be the last time we see these prices in a while

All the dips we've been experiencing since June to August ending is not enough? 😳

Some people will just not buy anything whatever the situation of the market...
When they see bear they run, when bull comes they run.....
If it starts dipping, they'll still pick race....😊

FIRST BANK touched 159.50 in early trades....
Some profit taking thereafter....

STANBIC: 156.10
FBNH: 159.50

* ARADEL: 1500 intraday....
* SEPLAT: 13,305 intraday

mikeapollo:
I know it's an opinion. I am only addressing the feasibility and fairness of such.
New shares can always be created and issued to genuine strategic investors. The shareholders had already given the directors the mandate to do that.

Ok.

mikeapollo:
You may be right about trying to sell the remaining shares to a strategic investor being the reason for not hearing anything about 2026 distribution.
But after selling, who should receive the money? Because the AGM and SEC had authorized that the shares be distributed to shareholders so the company cannot keep what belongs to individual shareholders without their consent. And there could be no ''strategic investors'' apart from Wale himself and his gang.
Shareholders need their shares or cash. They had given enough cash to the company in the past.
Afterall, the directors can always issue new shares to any true strategic investor, as already approved at AGM.

It may also be that they want to complete the RI so those who buy can benefit from the share redistribution i.e. if there is dilution.

Sometimes, shareholders can decide to forfeit such shares for sustainability of the company.
We've seen situations where shareholders forfeited dividends and agreed that the company should use it to improve the company.
If shareholders agree during AGM, SEC will ratify it....... shareholders have higher say than SEC in this kind of decision making.

Remember it was just my opinion.....because till now, we haven't heard about the phased distribution.
I may be very wrong as well.

GeeKudi:
As I no con know how to categorize the company again. Iran/Trump/hormuz etc came OANDO was left out, shey na SEPLAT's contagious effect go come shake am?

OANDO's time is also coming...

I'm having some opinion that maybe Wale intends selling the remaining stakes meant for distribution to a strategic investor, that could be the reason we haven't heard about 2026 phase distribution of shares.

* I think this will be a welcomed development considering the fact that it could help reduce the debt burden.
* I don't expect shareholders to object to this, in as much as this will help shape the company financials the more.

** If this should be the case, then we should expect significant jump in OANDO's price...
It's even necessary because it's been down for so long..

GeeKudi:
I wan buy ACCESS but I dey fear make dem no use my head break coconut

The aggressive purchase is increasing....
Though some profit takers are selling in-between...
Now @32!

** Not any form of buy/sell advice to you or anyone o.

jonnysessy:
Where is U in the FUGAZ ? What am seeing here is FGAZ. I guess the U has gone to join [b]SEPLAT[/b to form SEPLATU.

Lol 😁

U is also there......but wasn't mentioned because it's yet to make significant leap.....but it's also looking up

SEPLAT @13k+
ARADEL arriving Km 1400....
Both needs 100k to officially move up now...

OANDO pls wake up....
The bids are increasing here though..

FBNH @145
ZENITH @127
GTCO @135.50....
ACCESS at above 30/31....

Agbalowomeri:
Surprised to still see the banking index in a parabolic mood
ATH

Agba, are you saying we haven't seen the end of the banks All Time High?

PZ
Bid and offer table attached ... as at now
14M+ bids against 1M offers

** Dividend payment resumed
** You can either collect it as cash or as shares...


** DANGCEM is touching back on 1k...
** The banks taking the lead as expected...

Agbalowomeri:
The race is about to start

The race is gradually starting....

Pls what's the TA saying about the market generally?

popoolaRofiat:
Madam Mercy welldone ma
Pls what range of target price for Tip and cwg in December ma.

I think this is going to be based on the numbers and their Q3 and possibly Q4 financial reports...
Sentiments may now play some parts....

* For CWG, the fair value is around N21.40 based on H1 2026 (H1 means Half year or Jan to June)
* If there's more improvement and delivery, then the fair price will be higher than this.
(Although the gurus can make projections of what price it could attain based on some metrics)
** Some are placing the target price @40
** CWG is a defensive and Beta stock**

For TIP, I've not really been following the stock.
Maybe someone who's following it can assist with the calculations and price projection.

Seunn11:
Good response.
It is interesting to note that at 33.10 naira, oando is trading at 0.26% of seplat which is already trading at 12,320.00 naira and at full bid as at today August 28 2026.

For a company making Trillions as revenue and already in billion profits range, I think OANDO is just a matter of time.

For those saying they intend going private, I don't think so.
Sometimes ago, people here have highlighted some reasons it can't work out or pay off.
* Wale knows what to do once they're ready to make the company deliver.


** Meanwhile, campaign is kicking off already....
Frontier Market Status, one of the campaign achievements for 2027 elections....😊

https://www.channelstv.com/2026/08/28/fg-hails-nigerias-return-to-frontier-market-status/