Concerning Intercontinental Bank PO, Has anybody receive his/her certificate yet? I will appreciate if someone can please explain why its taken so long to receive it.

The Dangote Group will in the next few weeks/months enter the market to raise funds through an initial offering for its FLOUR, CEMENT and REFINERY businesses.

Mr. Uzo Nwankwo, Group Executive Director, Corporate Finance of the group disclosed this information to the Proshare at an exclusive interview held at the London Stock Exchange building where he had received the landmark award from African Investor (Ai) for the best IPO in Africa.

Dangote Sugar Plc. Edged six (6) other firms including Standard Bank, Uganda to win this award which was witnessed by lead investors from the ‘city’ and African stock exchanges.

While the company is continuing its expansion plans for the sugar business which will receive a further boost from the new EU rules which has removed subsidies hitherto enjoyed by European farmers and which had made it a challenge for firms like Dangote to be competitive; it looks now to a wider market which can only mean a better prospect for the fortunes of investors in Dangote Sugar Plc.

INITIAL PUBLIC OFFERS

Given its commitment to ensure that Nigerians participate in the growing opportunities in the economy which the company is well positioned to serve, and the excellent vote of confidence in the company by institutional investors which Awill manifest in its ability to set up shop (for specific businesses) in
* Algeria – Sugar Refinery;
* Senegal – 200 metric tonne cement factory;
* South Africa
* Port of Maputo: and
* Increasing capacity of the Nigerian operations.


Specifically therefore, the group has earmarked the following estimated timelines for the following subsidiaries to go public:
Flour Company: Next 4 – 6 weeks
Cement Company: September/October 2007

The Port Harcourt and Kaduna Refineries would also become public companies and have their shares offered to Nigerians and the investing public through an initial public offering in 2008.


Culled from proshare

frankiriri:

Their minimum is N1m.

Frank , i dont know if you have checked the latest info on zenithsecuritiesng about their minimum cos is has been increased to 5 million now , below is a quote from their site ;

Criteria:

To open a stockbroking account with Zenith Securities, the minimum opening balance currently stands at N5,000,000.00. This could be made up of cheque deposits, shares in certificates or transfer of shares from other stockbrokering firm(s).

i dont know how this will affect those do not have big sum to enter the stock business

Hello all!!!!!
I've been a silent member on nairaland for long.
I truely appreciate what u guys are doing, all the advices, ideas and perspective.
A big THANK YOU to everyone, especialy the gurus.
Mr. Frank, i sent u an email about my intention to join your club but haven't receiced ur reply.
What do u guys think about dangote flour (IPO).
Ur sincere opinion will be appreciated.
Once again, thanks everybody!!!!

just read about the sacking of the board of springbank,

at the gurus, what do u think the estimated price of dangotes two IPOs would be,
there will certainly be a drop in prices generally in the market as investors gear up to purchase some of midas (dangote) assets

Zenith Securities is N5 million
BGL is N1 million
Vetiva is N1 million

You need no minimum amount to get a stockbroking account in UK, you can buy shares from £50. Stock can make you money and yet they are making it difficult for the common man to start investing.

I love my country but their ways and backwardness is aaaaaaaaaaargh.

When are we ever going to learn ^{Dollyp talks to herself "breathe girl, breathe you are talking about Nigeria here, chill out, it's not worth it2}

Right back to stocks, i suppose money to buy IPO from the broker will also count towards the minimum abi it is not so/

hi guys,this is one of the best ways of making money legally in nigeria.if u ve not started or still skeptical about it u re really missing cos i'm talking from my own personal experience.if u need any info just speak out or mail me at timadel2002@yahoo.com.welcome to the club of future billionaires!!!!!!!!!!!!!!!!!!!!

zenith 5 mill? na wahooo,but anyway na naija style be that.
exclusive club for the rich.
anyway there are still many options out there,only if the will not go zeniths way by 2mrrw.
bad news for the poor.

hi iceman,in my own opinion its going to be a nice buy.just consider dangote sugar-the capital appreciation(18 to 42) and the consistent great bonus(has never happened b4).i beg no dull urself,na ur road to riches!!!!!!!!!!!!!!!!

Thanks Timadel,
I'm hoping to buy dangote flour, just wanted to know peoples opinion.
Bought loads from DSR ( IPO), it closed below 40 2day but i think it's still good to hold-on cos' next year looks very promising, hope i aint wrong. What do think guys

i feel dangote sugar would be well sought after by the time they release their result for the nxt year, going with the supposed entry into international markets,

might climb pass N70 by this time nxt year,
adetayo's view though

i feel dangote sugar would be well sought after by the time they release their result for the nxt year, going with the supposed entry into international  markets,

might climb pass N70 by this time nxt year,
adetayo's view though

Hey Everyone,

Abeg Naija Bros and Sisters, I don ask this question tire for another Thread in nairaland but them neva gree answer me:

I have shares with Niger Insurance, and I don't know if i shd sell or hold. There seems to be some price appreciation. I'd love 2 know if there are rumours of a scrip(bonus) issue which may happen to be responsible for the recent rally in share price of this company.

abeg, frankiriri and others, make una put mouth!

Tks

Tolite22

dollyp1cute:

Right back to stocks, i suppose money to buy IPO from the broker will also count towards the minimum abi it is not so/

Yes it does.

@Tolite22!!!!!!!!!!

DONT think of selling NIGER for now its waiting to explode just follow on the update, today
NIGER INSURANCE CO. PLC 5.73 and yesterday its @ 5.46 ,so more juicy on the way i bet u.

@Panadol: BGL IS 5MILLION, FSDH is also 5million and all the big players are now 5 million since 3 months back its the new rules they are imposing on opening account wt them.

@ALL!!!
[b]KINDLY WATCH OUT FOR DANGOTE BRANDS ITS HOT CAKE I BET U ITS A BOMB!!!!!![/b]Dangote is going to be explosive when they hit the market .

Since the in thing is about stocks that have made it, will anyone in the house with all that its takes in marking out penny stocks with growth potential avail us all with some of these stocks to enable us cash in on them and make good returns. Your response will be greatly appreciated. Thanks

@ ALL THE GURUS Frank,Enolase,Easimoni and others
Since the in thing is about stocks that have made it, will anyone in the house with all that its takes in marking out penny stocks with growth potential avail us all with some of these stocks to enable us cash in on them and make good returns. Your response will be greatly appreciated. Thanks

Panadol:

Zenith Securities is N5 million
FSDH is N5million
BGL is N5 million

So all the brokers want N5m abi . , their mouth like N5m.

easimoni:

Yes it does.

@Easi, thanks

So which stock can i buy with the N5m to give me N7.5m by Christmas and I am not ready to tie my money down on all this IPO hen.

dollyp1cute:

@Easi, thanks

So which stock can i buy with the N5m to give me N7.5m by Christmas and I am not ready to tie my money down on all this IPO hen.

A safe bet is WAPCO. The market seems to have taken their eye of this stock because they failed to declare a bonus and only gave a N1 dividend. It has solid fundamentals and could do 50% by yr-end. Also, the upcoming ban on importation of cement in December may play on market psychology and drive the price upwards. I own quite a few shares myself.

Another option is AP which is really a N100 share if they can put all the ownership problems behind them. I also like Oando but Frank and Wanaj0 have been arguing over this stock on the other thread so I stopped buying. Not going to argue with two accountants Others ABC Transport, Longman, Beta GLass, and RT Briscoe. GTBank but the price is already taking off.

@ iceman
I have sent you an invite

hbrednic:

zenith 5 mill? na wahooo,but anyway na naija style be that.
exclusive club for the rich.
anyway there are still many options out there,only if the will not go zeniths way by 2mrrw.
bad news for the poor.

All this is a fallout of the Federal government's recent capitalisation directive. The houses will now have so much money to play with that they wont want to touch peanuts.
The ones that will go for small investors will do so by floating new mutual funds.
The only way forward for the small investor would then be to get into a mutual fund or investment club.

I personally dont think that Dangote flour would be such a hit like flour. It has a major competitor already quoted on the exchange, i.e FLour mills and there are dozens of other flour mills which are not quoted. DSR on the other hand was a monoplist and enjoyed pioneer status which means it had seious tax advantages which increased its profitability.
The dangote brand name will however ensure that it has a good outing.

@ easimoni
You may want to reconsider how safe WAPCO is. (I am not saying it is not profitable oh).
Obajana cement is coming to the market later this year and it's plant is reputed to be bigger than WAPCO and Ashaka combined plants. If Dangote is able to convert this installed capacity into utillised capacity then the market for Ashaka and WAPCO may be threathened.
Bottomline - Consider the likely effect of the competition on their operations.

[/quote]Quote from: Panadol on Yesterday at 01:21:58 PM
Zenith Securities is N5 million
FSDH is N5million
BGL is N5 million

So all the brokers want N5m  abi     . , their mouth like N5m.[quote]

BGL is N1 Mil.
Fidelty Union is N500 K
UBA Stockbroking is N250 K

I misplaced my Zenith Bank certificate,please how do I go about recovering this vital documents as Zenith bank shares climbs to #60,please help

I will like very much to sell my oceanic bank shares but not with the recent price drops. Should i or shouldn't i ?
Any hope that I can sell at N30 soon ?

Mimiye,

How are you,am also trying to see my shares at Oceanic,where you given any bonus shares?are you also on messenger

@ the gurus,
pls what is happening to oceanic bank,
it had a price drop so sudden,

i have a guy who says he can guarantee me 50% interest at the end of the year on investments,
pls is it worth the try,

am hapi nigerians r increasingly becoming interested in portfolio management.i believe bin able 2 manage ur stocks nd shares,u must b a good speculator as well as bin able 2 take risk

hi all,

http://finance.groups.yahoo.com/group/naijainvestorsalert

check out this group, it if looks like something you would love to be a part of then JOIN.

it will be nice having you

cheers

Abiola

Hi, can someone tell me what befail the shares I bought in the above mentioned banks about 3yrs ago. I thnk the banks failed,if so what shd I expect/do next to recover my money if possible?