ositadima1:


I no do ooo, but I been reason am. Nairaland na treasure trove of information o, person fit use am they reason Nigeria well from marketing to demographics to macro/micro economic indices etc.

chimex38:

NUPRC Vs Dangote Rift
One Week.. One Trouble

The 'sanctity of contract' principle means that legally binding contracts must be honored and upheld by all parties involved, ensuring the integrity and enforceability of agreed-upon terms and obligations.

In normal language you would also say "contract sacredness" instead of "sanctity of contract"
Source:https://www.legalbriefai.com/legal-terms/sanctity-of-contract.

Obvious our Crude Oil had been contracted out.. Especially from the Afriexim bank $3bn loan.

Implication of The Released Statement:

We may not have PMS (Petrol) supply in August from Dangote Refinery (My Opinion

Mfunkynation:

pls why are you using 75% of assume FY EPS here.
you didn't use it in Total

Choiceguy:


I thought dangote have already imported crude from US and Brasil. I expected him to start sell from those referined crude pending supply from NNPC

chimex38:

Afriexim Bank.
A bank made up of over 50 African Countries as well as Top African private companies, etc .
You don't want to joke with your Credit rating on the International scene..
The ripper effect in the near n distant term is more..
As @Mankind rightly put, probably only a Force Majeure(Covid 19, a Great National Disaster, Govt takeover, coup, or other Crisis)
can break such contract.

gbengafaro1986:
strange....UCAP didnt run us our coins

dammybrite:



They did, although it was late in the night that I got it too

emmaodet:


Hello bro, please how does a bonus issuance affects stock price in relation to your strategy

eziokwunwoko:
Good evening aj8. Please work on CWG and IKeja Hotel PLC. Please you are doing a good job

aj8:


It does not. Will only drive the price up faster and higher after the bonus news is leaked or released e.g Ucap . Calculations are based on current eps or estimated dividend payment. The post referenced was actually before CBN and Recapitalization. Insiders buying into a stock currently well above valuation especially if the CEO or CFO must get why. E.g. UCAP bonus recently. 👀NAHCO 👀AfrPrud

megawealth01:
Still on UNITY BANK and PROVIDUS...

Raider76:
I am developing what I will call NSEMPA Sentiment Index. Over the weekend I will go through all posts and count the number of times a stock is mentioned, and whether a buy or sell if indicated. Other parameters can be added later in further development. This will give a small weekly data base from which I will develop some form of an indicator to guide people as to which stocks are hot, and so on. In further development one may take the data daily and have periodic totals and averages. This system is commonly used in search engines, polling and market survey software.

So before I go on with it I want to know what people think about the idea. Is it a sensible, workable, or a stupid useless idea? Is someone already doing this or something similar? What may you add to make it better?

I will add that I do have a bit of free time since I am not working for anyone right now.

megawealth01:
Still on UNITY BANK and PROVIDUS...

chimex38:

He has also exported some if not of the refined crude to ready markets in Europe.
He has also been selling diesel and other distilled products in Nigeria.
Na the almighty Fuel remain
The raw crude never finish so?..

That refinery needs a guaranteed Long-term crude agreement n supply, no be to dey go market every four market days dey fain crude.

chimex38:
Still on the matter
Foreign Conspiracy against Dangote Refinery-David Hundeyin
Hmmm....
https://x.com/DavidHundeyin/status/1822059280973091320?s=19

SonofElElyonRet:

20% hmmmm...

Choiceguy:


But dangote denied the news of selling imported crude.let keep our fingers cross,he promised mid of Aug. Let's wait and see how it plays out.

Olaide1295:

Do you know what credit rating is? A contract between two parts of a single business has nothing to do with Nigeria’s credit rating. Whatever contract you enter into while operating in Nigeria, which violates our law is your business.
The law supersedes contracts, they should hang their lawyers.

Choiceguy:


I thought dangote have already imported crude from US and Brasil. I expected him to start sell from those refinered crude pending supply from NNPC

Choiceguy:


But dangote denied the news of selling imported crude.let keep our fingers cross,he promised mid of Aug. Let's wait and see how it plays out.

GeeKudi:


But this same guy said there was no refinery being built and that it would never work. When there was news that the refinery had started supplying diesel to the Nigerian market, the same David said Dangote was only deceptively importing diesel and selling in Nigeria.

He is the last person you want to listen to when it comes to that refinery and I don't understand this attempt at romancing Dangote.

megawealth01:


Sincerely I usually get in touch with Nigeria through nairaland platform...

My white staff in my FIRM in this country where I reside seems to know alot about NAIJA oooooo

Mpeace:
If dang refinery knows whats good for them, they better forget Nigerian crude and market, buy abroad and sell his products abroad. Nogeria is not a serious country. Its still in the hands of evil men.

Laso09:


Dangote is making all this noise not because he loves Nigeria.
It is purely for him to maximize profit. If it is possible for him to ignore Nigeria crude and market,I am not sure if he would be this agitated.

chimex38:


Yes. You may be right..
Even in his writeup, he is not still a fan..(Monopololistic tendencies, according to him)
But he doesn't seem to be a hater of the Refinery functioning to improve Africa n Nigerias Economy at large, if it is indeed true(I'm sure he shld have found out by now)

He thinks some NGOs wants to take advantage of this bias to use him to tarnish the Refinery the more given his anticededents on Dangote..

But I get your point.

eziokwunwoko:
Good evening aj8. Please work on CWG and Ikeja Hotel PLC. Please you are doing a good job

aj8:


Ikeja Hotel

H1=62k
FY=0.62x2=1.24
Common Sense Value ( lower) = 1.24 x 4 =. N4. 96
Common Sense value (upper) =1.24 x 5 = N6.20
Target Price Range =N4.96 - N6.20
Current price = N6.8
Hence Overvalued by the strategy. NOT A GOOD BUY AT THE CURRENT PRICE. ALLOW TA TO SUPPORT. Please see charts.


Please also note that dividend payment is poor to bonds and treasury bill yields so if penalized by applying a 75% marked down of the lower value, would fall to N3.72.

For me, it's not a good buy except well below this figure. That's for me though.!!!

Mpeace:
I maintain that dangote refinery need to ignore corrupt Nigerian leadership and focus on an export driven business plan. Nigeria is too corrupt. The people are so used to suffering that you cannot fight for them. They will align with corruption and fight you back. Did you see the hungry area boys chasing people away for protesting against hunger?
Dang refinery, amongst other benefits, has the capacity to mitigate the fx crisis we are facing, but...

Agbalowomeri:


You guys don't understand how complicit the West is in keeping African people poor and to remain at survival level. Person wey dey hungry is powerless against corruption. You cannot stop corruption until the general living conditions of a people is high.

Just see the amount he was offered. I am sure the organisation is a rookie one. He has been doing such jobs for the right amount. Go look at what Sowore is collecting for all the nonsense he is doing

eziokwunwoko:
Thanks, very grateful. Just saved me. I like your Custodian PLC recommendations.
Thanks! Thanks!!

Agbalowomeri:


You guys don't understand how complicit the West is in keeping African people poor and to remain at survival level. Person wey dey hungry is powerless against corruption. You cannot stop corruption until the general living conditions of a people is high.

Just see the amount he was offered. I am sure the organisation is a rookie one. He has been doing such jobs for the right amount. Go look at what Sowore is collecting for all the nonsense he is doing