SonofElElyonRet:


And maybe throw in bonus issue

Ginalex:
I go bend if Access do that one. Very stingy bank . Between them and Fidelity I no know who stingy pass

SonofElElyonRet:


Well.... start practising how to "bend walk" because they might just surprise you

SpaceX:
Hello folks, I really want to educate myself on this subject. Do you guys actually buy shares of the company; I mean owning part of the company physically? Or buying through brokers?


For example, Nnpc have a stake of 7.5% in dangote refinery, how can someone buy the remaining 12.8% shares? Do you buy through brokers? Or is there a way that can be done?


I'm not trying to say I have the bread to get the shares. Just trying to understand how stock market works. Thanks you.

Hogwarthtrades:


the number of shares (in most cases, ordinary common shares) you purchase is pretty much a percentage of the total available portion
for ownership. so out of 100 % of outstanding shares of a company available for purchase, the percentage you own is pretty much the amount you own relative to the outstanding share.

For ease of concept, using your example, to get 12.8%, you simply calculate what 12.8% of available outstanding shares of dangote refinery is (will need to wait for the issued shares information to be out when it gets listed on NSE for better info), multiply it by the price of the day or whatever price you target to purchase it for, pay the amount and brokerage fee Voila! you beat NNPC to the race.

Remember, available shares for transaction varies with time and other numerous factors considering other investors have equity pre-IPO.The higher the percentage you acquire, the more challenging it gets to purchase through direct market, you will need to use your broker for off-market/ crossdeal purchase for faster transaction. If patience is your middle name, you can acquire over period of weeks to years.

You can search investopedia webpage for more info on review of issued shares / outstanding shares. if yo stil have questions, drop here, peeps will help out.

SonofElElyonRet:
Tinubu should immediately call the fuel subsidy cabal to order and apologise to Dangote. They must not be allowed to frustrate him

Dangote is calling off plans to invest in a new steel plant in Nigeria after the government accused him of seeking to become a monopoly with his new refinery in the West African nation.

Dangote said, "let others that have more money than us go and bring their money from Dubai and invest in their fatherland."

“Our own board has decided that we should not have the steel plant. If we do, we will be called all sorts of names,” Dangote said at a media briefing Saturday at the refinery in Lagos, Nigeria’s commercial hub.



https://www.youtube.com/watch?v=atcaYPZyVkY

Agbalowomeri:


Don't worry dey go your heaven

unite4real:


It is now audible to the deaf and visible to the blind why the corruption in the petroleum industry in Nigeria will continue.
A lot of the beneficiaries from importation are hell bent in frustrating the indigenous companies.
After frustrating dangote refinery of crude, he went ahead to buy outside Nigeria. Since they cannot stop him from getting crude, the music changed to his refinery being at 25% and no licenses yet. On top of that, they claim the product is substandard.
This tussle will go on and on until a winner emerge. Maybe this is the time to unravel all the corruptions and those involved including the cabals in the industry.

unite4real:


It is now audible to the deaf and visible to the blind why the corruption in the petroleum industry in Nigeria will continue.
A lot of the beneficiaries from importation are hell bent in frustrating the indigenous companies.
After frustrating dangote refinery of crude, he went ahead to buy outside Nigeria. Since they cannot stop him from getting crude, the music changed to his refinery being at 25% and no licenses yet. On top of that, they claim the product is substandard.
This tussle will go on and on until a winner emerge. Maybe this is the time to unravel all the corruptions and those involved including the cabals in the industry.

ojeysky:


Oh cutix is giving dividends? When is that happening I beg?

veecovee:


na so you talk?

The richman still dey hell dey cry, ... dey look Lazarus for heaven.
Sometimes them dey talk true when them dey play oo

ositadima1:


It is the beauty of diversity: you use your unique approach to arrive at your own estimate, and I used mine. You mentioned your years of experience as your basis; I described my method for those interested in my approach (though it's not for everyone). I'm happy that my result and yours are consistent.

By the way, it's not advanced calculus(it is not even my invention). It's just the standard discount method where you discount future cash flows (in this case, dividends) to present value. I assumed that dividends would grow annually by an average of 1% for the next 100 years. Each year, I discounted the dividend for that year back to today's value.

For example, considering treasury bills, 100 naira invested today will be worth 120 naira one year from now. So if somebody promises me 120 naira one year from now, discounting it to present value will give me 100 naira. Therefore, there's no difference between receiving 120 naira one year from now or 100 naira today (LOL, in finance ooo, but for me, you better give me that 100 today).

For the discount rate (equivalent to the interest you would get on bonds), we have variations over the years. I've seen 6%, 10%, 15%, and presently 20%. The challenge is deciding which one to use. So, I looked at past interest rates and determined the frequency of each.

The Monte Carlo simulation's job was to randomly use any of these interest rates, taking historical frequency into account, to calculate the dividend discount over a 100-year period. I ran the simulation 100,000 times and extracted worst- and best-case scenarios, which you saw above.

It's not a big deal.

zendi:

If Farouk has not been doing the Minister's bidding.
Farouk reports to the Minister who reports to the President.

toyeoye:
This one don pass Dangote! He is ready to throw in the towel.
#15bn refinery about to go to waste...
Ajaokuta comes to mind

Streetinvestor2:
I don't remember him telling you what he practices as religion
And the rich man and lazarus didn't happen and not still happening. It was just one of the parable in the bible of how to live a Christian life.It was never something that occurred physical .You need to go study on what heaven or hell really means.

otomatic:


Na wa o. And the whole country was told that this refinery is the messiah

https://www.premiumtimesng.com/news/715819-exclusive-aliko-dangote-offers-to-sell-650000-bpd-oil-refinery-to-nnpc.html

Streetinvestor2:
Don't mind the id....ts always quick to shout monopoly. How many licences has government been giving out for people to build refineries. Who or what stopped them from building thr own long before dangota. The bast...d saying nonsense about the quality of product from dangota. Why hasn't he made the government refineries working to check mate dangota quality and monopoly. Is alhaji that Has thr time.if I whr in his shoes I won't even sell again to Nigerians. The demand for his products alone in Africa is enough. He equally does not have to bring a kobo of the forex into nigeria. He can store it abroad
To be sincere the hunger in nigeria has not reached the level I want it so that it can reset the head of many.

He has given them opportunities now to go build steel companies and have thr own monopoly...nonsense reasoning. They are busy investing in dubai real estate. The day he enters into power .They will start shouting monopoly.Is it not monopoly that nnpc is sole importer of fuel.Is it not monopoly that few are stealing the wealth of the country.

SpaceX:
I appreciate. Do you have any parameters you use before buying/selling shares?

Streetinvestor2:
He has given them opportunities now to go build steel companies and have thr own monopoly...nonsense reasoning. They are busy investing in dubai real estate. The day he enters into power .They will start shouting monopoly.Is it not monopoly that nnpc is sole importer of fuel.Is it not monopoly that few are stealing the wealth of the country.

toyeoye:
This one don pass Dangote! He is ready to throw in the towel.
#15bn refinery about to go to waste...
Ajaokuta comes to mind

Ginalex:
"..now it's time to eat the pie" abi? Good! Let them start with good interim dividend this year to shareholders then we can start listening to the big big grammar here and there

SonofElElyonRet:


He won't give up the refinery.. just sabre rattling

Raider76:
I hope with the new week NSEMPA will come back to discussing the stock market and ease off on the Dangote issue. As they say "bother with what you can control". Let the rich and powerful sort themselves out.

I am struggling with many questions on UCAP. What is their actual plan in paying such high interim dividend and an unpresidented bonus? How does it fit in the ongoing recapitalization of banks? What will happen to the share price post adjustment? Should I sell and take capital gain or wait and take the bonus?

toyeoye:


... Maybe but he has given up on the Steel factory for now... the statement carries weight as the biggest indigenous investor in this jungle

toyeoye:


Sounds like a selfish statement cos you want to discuss your own UCAP instead of Dangote..if he decides to delist from the NGX, over a fifth of the total value is gone! Let those who hold the shares use the sentiments discussed to make informed decisions.

SonofElElyonRet:


Tinubu will step in and hopefully sack loud mouthed farouk