Zagee:
Everybody wants somebody to "bend the knee". "The Cabal" vs Dangote Refinery.


Between NNPCL and Dangote Refinery who is listing first?

"Na power struggle for the pie", but done in a very tactless way.

It was Landmark, now Dangote. Lagos breeze is different oo.

I want a piece of both pies

Zagee:


And you think the president has no idea of what's happening in a game-changing project within the DIL??
"Loud-mouthed Farouk" had no backing?

You'd be surprised at the different power blocs and cabals grappling for dominance in the government... let's see how this plays out

SonofElElyonRet:


I want a piece of both pies

You might be good with just one. It all depends on the details of the fine print.

SonofElElyonRet:


You'd be surprised at the different power blocs and cabals grappling for dominance in the government... let's see how this plays out

Just one in this case. Nigeria's street-hustling has no room for a finesse touch.

Zagee:


Just one in this case. Nigeria's street-hustling has no room for a finesse touch.

Remember Dangote is part of Tinubu's economic team... remember Tinubu sought to stop oil subsidy and is working hard to resuscitate the government owned refineries.. Farouk doesn't speak for Tinubu.. rather for those benefiting from fuel importation and subsidy regime.. i project that the guys close to Tinubu like Alake and Gbajabiamila will advise Tinubu accordingly... Dantata (Dangote's uncle) is still alive... Dangote will pull the needed strings to overcome Farouk and his puppeteers... Dangote has built bridges across the Niger and most of his businesses if not all are in the South... he's also been in the corridors of power long enough to know how to play the "game of thrones"... he'll overcome.

SonofElElyonRet:


he's also been in the corridors of power long enough to know how to play the "game of thrones"... he'll overcome.

No doubt he will, but at what cost?

Nigeria is a nasty country.

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.

Mind you I didn't say we should stop discussing the Dangote refinery issue, I said to ease off. Selfishness is what guides most human action. This includes the Dangote vs government and oil cabals duel. Each side is just bargaining to get what they desire. So if you are not selfish you don't know yourself. I am just concerned that we could miss some opportunities in our primary business here, which is buying and selling stocks, if we lose focus.

https://nairametrics.com/2024/07/21/let-them-nnpcl-buy-me-out-and-run-the-refinery-says-aliko-dangote-amid-monopoly-allegations/

Our bros don vex o...

Boshins:
https://nairametrics.com/2024/07/21/let-them-nnpcl-buy-me-out-and-run-the-refinery-says-aliko-dangote-amid-monopoly-allegations/

Our bros don vex o...

Lol, if that were to happen, the refinery would not last more than 5 years. They would use nepotism, corruption, and mismanagement to run it down. For those who are against Dangote or trying to remain neutral, you should try to see it objectively. Let's assume Dangote is a monopoly. What would you prefer: a monopoly that provides jobs, pays taxes, and keeps a large portion of the money within Nigeria, or a non-monopoly that sends our jobs outside the country, depletes our limited foreign exchange reserves, and funnels subsidies to a few individuals?

In Nigeria, almost everyone is corrupt, but what have others done with their ill-gotten gains? Every day, the cost of living is skyrocketing, there are no jobs, and yet this is still a debate.

Let's leave our baggage behind and try to see things more clearly.

Picky1:
Yes o dividends and 1 for 1 bonus issue!

When is it happening? @yMcy56 please come to my rescue o

Bonus of 1:1
....and Dividend of 15k

Corporate Action not yet out to know the qualification Date

https://doclib.ngxgroup.com/Financial_NewsDocs/41676_CUTIX_PLC.-CUTIX_PLC_-_RESOLUTION_OF_MEETING_OF_THE_BOARD_OF_DIRECTORS_CORPORATE_ACTIONS_JULY_2024.pdf

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

Its politics and power at play
Once he gives then their share of the pie, they'll rest and change mouth.
Its not funny how we are throwing "our own" under the bus all in the name of selfishness!
Wasn't there quality standard procedures followed in the first place?

yMcy56:

Bonus of 1:1
....and Dividend of 15k

Corporate Action not yet out to know the qualification Date

https://doclib.ngxgroup.com/Financial_NewsDocs/41676_CUTIX_PLC.-CUTIX_PLC_-_RESOLUTION_OF_MEETING_OF_THE_BOARD_OF_DIRECTORS_CORPORATE_ACTIONS_JULY_2024.pdf

I think its too late to jump in now

Ding

Ding!

dapix:
Ding

Ah ah... you be bot

SonofElElyonRet:


I think its too late to jump in now

If one is really interested they can buy after mark down. Though I don't get why anyone would be chasing bonus shares

nosa2:


If one is really interested they can buy after mark down. Though I don't get why anyone would be chasing bonus shares

Guess it amounts to same thing after mark down.. added dividend might explain

Dey play...

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

Is it my App? Or Nascon has no trading activities going on?

None...yet

Ginalex:
Is it my App? Or Nascon has no trading activities going on?

SonofElElyonRet:


Ah ah... you be bot

SonofElElyonRet:

I think its too late to jump in now

It depends on your investment objectives........but could have been best entered before the announcement or as soon as announcement was made.
Corporate Action is not yet out anyway, so not late in terms of qualification date....
Some long termers are still buying...
You can wait for pullback if you're a bonus and Dividend lover.

SonofElElyonRet:


Remember Dangote is part of Tinubu's economic team... remember Tinubu sought to stop oil subsidy and is working hard to resuscitate the government owned refineries.. Farouk doesn't speak for Tinubu.. rather for those benefiting from fuel importation and subsidy regime.. i project that the guys close to Tinubu like Alake and Gbajabiamila will advise Tinubu accordingly... Dantata (Dangote's uncle) is still alive... Dangote will pull the needed strings to overcome Farouk and his puppeteers... Dangote has built bridges across the Niger and most of his businesses if not all are in the South... he's also been in the corridors of power long enough to know how to play the "game of thrones"... he'll overcome.

he has to overcome it because such a massive project is beneficial and strategic...... infact once this project succeeds it will attract more investments.

You can imagine dangote saying a Friend of his is taunting him because of the advise he was given against investing a huge amount in an unpredictable environment with policy inconsistencies. If they succeed in frustrating him, Nigeria will be marked a no go area by investors.

Nigeria government sha... How many presidents does Nigeria have?

They should let dangrefinery be joor... What matters is quality no matter where it's coming from...

Raider76:


Mind you I didn't say we should stop discussing the Dangote refinery issue, I said to ease off. Selfishness is what guides most human action. This includes the Dangote vs government and oil cabals duel. Each side is just bargaining to get what they desire. So if you are not selfish you don't know yourself. I am just concerned that we could miss some opportunities in our primary business here, which is buying and selling stocks, if we lose focus.

you're right ok

ositadima1:


Lol, if that were to happen, the refinery would not last more than 5 years. They would use nepotism, corruption, and mismanagement to run it down. For those who are against Dangote or trying to remain neutral, you should try to see it objectively. Let's assume Dangote is a monopoly. What would you prefer: a monopoly that provides jobs, pays taxes, and keeps a large portion of the money within Nigeria, or a non-monopoly that sends our jobs outside the country, depletes our limited foreign exchange reserves, and funnels subsidies to a few individuals?

In Nigeria, almost everyone is corrupt, but what have others done with their ill-gotten gains? Every day, the cost of living is skyrocketing, there are no jobs, and yet this is still a debate.

Let's leave our baggage behind and try to see things more clearly.

why can't dangota just ignore them.He import his crude and make his products for export only.Is it not feasible for his business

Streetinvestor2:
why can't dangota just ignore them.He import his crude and make his products for export only.Is it not feasible for his business

He is doing that but e go come dey somehow sha and e go come get as e be.

l mean why we go come dey export crude oil and come dey go import refined petroleum products

Meanwhile one private refinery for the time being wey dey inside our yard go dey import crude oil and come dey export the refined products.
(Just some random thought)

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.

You done come again?

Abi you want to invest the proceed from your magas?

Go to www.investopedia.com to gain knowledge about stock investment.

EDUECO:

You done come again?

Abi you want to invest the proceed from your magas?

Go to www.investopedia.com to gain knowledge about stock investment.

Omo, the other time he was an expert having over 3b USD in his investment portfolio, now again he is a novice.

Streetinvestor2:
why can't dangota just ignore them.He import his crude and make his products for export only.Is it not feasible for his business

Might not be feasible because the main oil mafias are the international guys and they will stop at nothing in frustrating him.

dapix:
Ding

SonofElElyonRet:
Ding!

KarlTom:

SonofElElyonRet:


Ah ah... you be bot

nosa2:


If one is really interested they can buy after mark down. Though I don't get why anyone would be chasing bonus shares

All Inside 10:00am!

*THE BOTsss of NSEMPA*