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Nairaland Forum / Nairaland / General / Business / Ibeto Cement Firm Set For Listing In US Stock Market (12864 Views)
The Sins Of IBETO Cement Company, And Dangotes Effect / They Shutdown Ibeto Cement Owned By Igbo Man For Dangote To Dominate / Dangote Dumps South African Cement Firm Deal (2) (3) (4)
Re: Ibeto Cement Firm Set For Listing In US Stock Market by Nobody: 8:27am On Jun 06, 2018 |
Yoshy: 5 Likes |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by Yoshy: 8:34am On Jun 06, 2018 |
[quote author=sean1000x post=68222233][/quote] Ibu ezigbo onyeara, azukwara gi azu nwata? Lé Anya no ozi AHU ofuma, ga na Forbes Africa 30 under 30, ka ifu na otutu na ime ndi no nebe ahu by ndi Ofe mmanu. That was not by govt influence, that means they are really doing something to help humanity NOT put energy in complaints. 2 Likes |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by Masterclass32: 8:34am On Jun 06, 2018 |
Nwanne, jisie ike. More success. 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by Nobody: 8:47am On Jun 06, 2018 |
Yoshy: 3 Likes |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by Cowbuhari: 8:52am On Jun 06, 2018 |
ikennaf1: chukwu gozie gi nwannem.....igbo kam bu odi ofele? 2 Likes |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by degamemaster(m): 9:02am On Jun 06, 2018 |
Igbo Amaka1 Igbo ndi oma ya gaziere anyi ooooh. 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by freedomchild: 9:06am On Jun 06, 2018 |
Igboamaka The more they try to crush us they more we rise. We've risen to fall no more. Congrats Ibeto |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by Yoshy: 9:14am On Jun 06, 2018 |
[quote author=sean1000x post=68222792][/quote] LOL ![]() |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by donqx: 9:23am On Jun 06, 2018 |
hmmm |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by letusbepieces: 9:27am On Jun 06, 2018 |
THIS IS Y PEOPLE SAY DANGOTE NO SABI BUSINESS. I TAKE MY HEART OFF TO THE IGBO MAN |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by DozieInc(m): 9:30am On Jun 06, 2018 |
Thats the spirit, Kudos to Ibeto. |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by aribisala0(m): 9:49am On Jun 06, 2018 |
The problem with the Eboes is a strange tendency to self deception outright lies and misinformation. We are told he has acquired 70% of Century Petroleum Corporation a company that is worth on paper $16 million and we are told he has acquired a global entity. In the oil industry how is a $16 million business a "GLOBAL ENTITY" We are told it is "US Traded" but where exactly in the US ? Which Bourse precisely? NYSE ![]() It is traded in what is known as OTC markets. We are told that he is doing business in Nigeria worth"bllions of dollars" . Where is this happening?In what sector? The truth is Ibeto is a paperweight small boy businessman and it appears also a liar too. The reality is that CPC is a loss making company that has never made money and if the sole reason for acquisition is to achieve "US listing then we must be clear it is an OTC listing and this announcement haslies written all over it 2 Likes |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by skales67(m): 9:53am On Jun 06, 2018 |
sean1000x: Envy and Hatred is the bane of those people. I just wonder what Igbos have done to them. Our only offence is that we came to their geographical regions and are excelling more than them. Instead of learning from us, they resort to hate. Their hatred and anger can be truly reflected here by the hateful comments by some of their e-warriors just like the one above me trying to analyze Ibeto as a whole. |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by aribisala0(m): 9:58am On Jun 06, 2018 |
We live in an information era . Anyone cancheckup on this Century Petroleum Corporation very easily. So please do not peddle all these childsh lies 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by skales67(m): 10:00am On Jun 06, 2018 |
[s] aribisala0:[/s] Have you finished your useless analysis? Good... Now quietly go and hug a transformer out of frustration from this news. 2 Likes
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Re: Ibeto Cement Firm Set For Listing In US Stock Market by oluwaahmed: 10:01am On Jun 06, 2018 |
SLIDEwaxie: OLANIYI di ka gi |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by skales67(m): 10:06am On Jun 06, 2018 |
aribisala0: I have checked it up...it exists and is cited in Texas. So what now is your problem? Simply because the name here is Ibeto and not Femi Otedola? ![]() Why are you people so parasitic in nature like this? Tufiakwa!! 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by Nobody: 10:06am On Jun 06, 2018 |
skales67: Afonjas are the most tribalistic people on the face of this earth. Igbos and Biafrans should avoid these people in real life....they can kill you out of envy! 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by aribisala0(m): 10:12am On Jun 06, 2018 |
Cetury Petroleum Ticker CYPE.PK https://finance.yahoo.com/quote/CYPE/profile?p=CYPE https://finance.yahoo.com/quote/CYPE/financials?p=CYPE Take your lies aout Ibeto back to Hum Gbee Dee or Hun Nay Wee. The joker enters an "agreement" to acquire 70% of a $14 million business and that makes him a billionaire? 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by aribisala0(m): 10:16am On Jun 06, 2018 |
skales67:You have checked up according to your knowledge.. Did I say it does not exist? Illiterate. Of course it exists . It is traded as an OTC stock Over the counter stock. I SAID SO ALREADY! Duh!! The company has a Market Capitalization of $14 million It has been losing money steadily for years https://finance.yahoo.com/quote/CYPE/financials?p=CYPE The company is worth $14 million today. So why come and tell us he has acquired a GLOBAL ENTITY. What is global about a $14 million oil company. Why then pretend that OTC stock is US LISTED 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by skales67(m): 10:26am On Jun 06, 2018 |
aribisala0: So the fact that it has been losing money over the years is your headache? The fact that the company is worth $14m means it is akin to a mere private filling station somewhere in Gombe state? You talked about peddling childish lies...you are now the one acting hysterically as a child deprived of his Bobo just after having a little sip! Your type will have an Igbo colleague in the same office and once he seems to be doing well, you proceed to Ijebu and get fetish substance to spray in front of his office door or seat. I can detect that sort of evil just by reading the bile seething off from your comment! Ibeto does not know you or even your Local Government Area so you and your rat-arse analysis is inconsequential! Continue hating! 2 Likes |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by aribisala0(m): 10:34am On Jun 06, 2018 |
skales67: My headache is the Eboe tendency to lies and deception. We are told it is a global player when all the evidence shows that it is a company that is virtually DEAD Today the company is valued at $14 million and its financials show that it lost $17million last year so we can see that in essence this is a shell company. The other lie is the claim that Ibeto has BILLIONS OF DOLLARS of investmentin Nigeria. Where? You guys should stop deceiving yourselves. That is how one of you said Orji Uzor Kalu is so rich the CBN could not cope with his cash and begged hiim to take his money to the World Bank which coud only handle half and the other half went to the IMF. That the US Army buys drones in Onitsha market and that Angelina Jolie shops there too. If a man acquires a company evenn if it is worth a million dollars normally he is to be congratulated but not when a campaign of lies follows in an attempt to mislead the public about hs true worth. The bottom line is the deal has not been done and the impression being given is that it has .This is fraudulent 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by BeautifulMind2: 10:37am On Jun 06, 2018 |
aribisala0: Ibeto is real example of handwork, never engage in any shady deal, grew his business from 4x4 shop to multi billion dollar today Full detail of Century Petroleum Corp Century Petroleum Corp., incorporated on December 13, 2004, is an oil and gas exploration and production company. The Company is engaged in the acquisition and exploration of oil and gas properties with a view to exploiting any oil and gas reserves it discovers. The Company has interests in the Thunder Stud Prospect, located in Calcasieu Parish, Louisiana; the Shadyside Farm Prospect, located in St. Mary Parish, Louisiana; the Alligator Bayou Prospect, located in Matagorda and Brazoria Counties, Texas, and the El Grande and Hickory Branch Prospects, located in Beauregard Parish, Louisiana. Thunder Stud Prospect On November 1, 2006, the Company entered into an agreement, whereby it has acquired from Kossic Oil & Gas LP, a 4% working interest in the Thunder Stud Prospect, located in southern Louisiana. On October 25, 2007, Century Petroleum Corp. increased its working interest in certain geologic objectives of well No. 1 to 5.44%. Drilling on the property began in January 2007 and operations were carried out by Sterling Energy plc. Target depth for well No. 1 was reached in May 2007, and petro-physical analysis suggested that multiple pay horizons were encountered. Testing operations of Well No. 1 were carried out in two intervals of the Yegua formation. One of these intervals was deemed to be non-commercial, whilst the other interval flowed oil and gas at a gross rate of 1,057 million cubic feet per day (MCFD) and 456 barrels of oil per day (BOPD). Shadyside Farm Prospect On February 16, 2007, Century Petroleum Corp. entered into a letter of intent with Houston Energy, Inc. and Red Willow Offshore, LLC, wherein the Company has agreed to purchase an undivided 8.92353% before casing point and 7.585% after casing point interest on the Shadyside Prospect located in St. Mary Parish, Louisiana. The final participation agreement and joint operating agreement for the prospect were signed in May 2007, drilling operations started in July 2007, and production began on January 7, 2008. As of April 30, 2008, the Company held a 15.17% working interest on this well. Neumin Production Company is the operator of this well. As of April 30, 2008, the well was producing. Alligator Bayou Prospect On May 8, 2007, the Company entered into a letter of intent with CTC Minerals, Inc., wherein it has agreed to purchase a 10% working interest in the Alligator Bayou Prospect located in Matagorda and Brazoria Counties, Texas. On July 12, 2007, it entered into a final purchase and sale agreement with CTC Minerals. On April 20, 2008, the Company agreed to sell a 4% interest in the property to three separate parties. Drilling operations began in April 2008, and El Paso Corporation is the operator of the well. As of August 8, 2008, drilling operations continued on this prospect. El Grande and Hickory Branch Prospects On June 15, 2006, the Company acquired a 100% working interest and 75% net revenue interest in certain oil and gas properties, located in Beauregard Parish, Louisiana, from Site Drilling Force Limited. The purchase involved the acquisition of two prospects, the El Grande (formerly known as Wilcox 105) and the Hickory Branch (formerly known as the Miocene 101). These prospects consist of 32 leases totaling 1,224 gross acres (1,209 net acres). The leases all have three-year terms, with the expiration dates ranging from November 2008 to March 2009 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by BeautifulMind2: 10:46am On Jun 06, 2018 |
aribisala0:Do you know how capital intensive cement industry is ![]() ![]() Ibeto sole built his cement industry The Ibeto Group commenced business in the cement sector in 1997 with the importation of ship-loads of bagged Portland cement through the Apapa ports. The company was conceived in 2001 following the Federal Government ban of the importation of cement in bags and the institution of a new policy of bulk importation and local bagging. Located in Bundu Ama, Port Harcourt, Rivers State, it started producing bagged cement at its Bagging Terminal in June 2005. The Terminal is an ultra-modern bagging plant with a Flat-storage capacity of 50,000 metric tons and a production capacity of 1,500,000 tons per annum which translates to a production capacity of not less than 6,000 metric tons per day. It has two (2) production lines, each with a capacity of 2700 of 50kg bags per hour or designed total production capacity of 5400 of 50kg bags per hour. This means that nine (9) trucks of 600 bags each will be loaded every hour. It also has a third production line for big bags of 1500 kilograms, popularly known as the Big Bag Plant and yet a fourth production line for Bulk Cement powder which is loaded on special cement trucks fitted with tanks and discharge pumps A modern Jetty that can take in ships of over 190 metres in length with a sophisticated Ship-Unloader was constructed at the waterfront as an integral part of the facilities. In further response to the Federal Government’s call for a total shift from mere ‘bagging’ to actual production of cement locally, The Ibeto Group has started work on a 5-million tonnes per annum Cement Manufacturing Plant in Effium, Ebonyi State. EASTERN BULKCEM COMPANY LTD. This is a subsidiary of Ibeto Cement Company Limited and is also engaged in the business of importation of bulk cement and bagging of same in its factory premises in Rumuolumeni waterfront, Rivers State. This company also owns 60% of Nigeria Cement Company Plc (NIGERCEM), Nkalagu, Ebonyi State. This situation has empowered Ibeto Cement to commence the expeditious resuscitation of the old Nigercem plant and the construction of a brand new dry-process plant.
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Re: Ibeto Cement Firm Set For Listing In US Stock Market by aribisala0(m): 10:53am On Jun 06, 2018 |
BeautifulMind2:Fortune 500 recognizes Nigerians with real money not charlattans like IIbeto. How much is Ibeto worth? 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by aribisala0(m): 11:05am On Jun 06, 2018 |
Anyone with an accunting background should help us explain https://finance.yahoo.com/quote/CYPE/balance-sheet?p=CYPE The value of a company that has NO ASSETS NO MONEY IN THE BANK $9 million debt Do not take my word for it Have a look at Balance Sheet Cash Flow Income Statement https://finance.yahoo.com/quote/CYPE/balance-sheet?p=CYPE It is quite self explanatory. This company is on the verge of going down and is NOT a global player but a briefcase company 1 Like |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by BeautifulMind2: 11:12am On Jun 06, 2018 |
aribisala0:Bitter man read more beto Petrochemical Industries Limited was established on October 2nd 1996 and licensed by the Department of Petroleum Resources to undertake the blending of oil lubricants and the production of various types of petroleum products for local and international markets. The Blending Plant is located at Nnewi, Anambra State. To ensure that the highest premium is placed on the quality of its products a fully equipped state-of-the-art test laboratory was established in the Plant. All our products are certified by the Standards Organization of Nigeria (SON) as meeting the required standards, as evidenced by the award of the mandatory SONCAP certificate. Since January 1999, the Company has been delivering its blended lube products to the West, East and Central African markets. The Company also procures and trades in a range of petroleum products like Base oil (Bright Stock, etc) and Automotive Gas Oil.
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Re: Ibeto Cement Firm Set For Listing In US Stock Market by ArinzeRaph: 11:15am On Jun 06, 2018 |
Yoshy:you are not igbo! |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by BeautifulMind2: 11:26am On Jun 06, 2018 |
aribisala0:I know you guys live media lies Can you mention any of your tribe man that own Cement plant or vehicle batteries plant ![]() Ibeto networth is 3.8 billion dollars [b]Union Auto Parts has a dedicated Batteries and Accessories department which is a specialist supplier and wholesaler of a wide range of battery products like motorcycle batteries to car and truck batteries. The batteries are from renowned brands from all across the world and imprted ny Union Auto Parts for distribution in Nigeria and West African markets. On the other hand, our auto accessories range has a wide range of products from wheel covers to blade fans automobile front grills and various autolamps and rear lights, p.v.c fittings and other plastic products. [/b] Our list of products under the friction deparment include brake pads and linings, clutch facings and clutch fibres, brake shoe kits and more. This company produces pure lead and antimonial lead for the local and international markets. Since 1991, high demand for our lead products have brought about supplies to customers in Europe, Asia and many parts of Africa. THE IBETO GROUP We are part of the prestigious Ibeto Group. The Ibeto Group, dates back to 1976, and now incorporates seven different companies. It is amongst the largest, most diversified, wholly Nigerian conglomerates with a solid financial base. It represents in today’s Nigerian economy, the ideal modern industrial organization with highly qualified personnel, with track record. Mr. C.M Ibeto, is the founder and promoter of The Ibeto Group. He is a man with earned Excellency community reputation, an entrepreneur, first class philanthropist and a patron to many notable associations. Mr. Ibeto has served as the president of Nnewi Chamber of Commerce, Industry, Agriculture and Mine from 1994-1998. He has for more than 25 years, played an active role in the Nigerian real sector as well as advanced the cause of international goodwill and understanding through his extensive international business undertakings. In appreciation of his sterling qualities and achievements in the field of commerce and industry, the Anambra State Government in January 1997 accorded him a State Honor in recognition of his contributions to wards the development of the State. On July 8, 2000 he received the Award of the Rotary International Club of Enugu District 9140. AUTO PARTS LEADER IN NIGERIA From the start the pioneer Staff have remained extremely committed, working towards the attainment of set goals. In 1998, the lead acid Battery manufacturing plant together with its integrated automotive spare parts and accessories manufacturing division was commissioned. The result in further relocation to our present head office at No. 60-61 Igwe Orizu Road, Nnewi, Anambra State. Consistent with our corporate philosophy and culture of excellence, The Ibeto Group boast of a well-trained, versatile and highly motivated work force. The team spirit amongst our staff is the major asset that has made it possible for us to remain ahead of our competitors. Always conscious of the fact that nothing can be achieved without seasoned, productive and highly skilled personnel, staff development and training has remained our deliberate policy. Our business contributions to the enhancement of our society bear testimony to the consistency and sincerity in our determination to deliver our promise. Ibeto battery plant Nnewi only vehicle battery plant in Nigeria
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Re: Ibeto Cement Firm Set For Listing In US Stock Market by BeautifulMind2: 11:40am On Jun 06, 2018 |
aribisala0:Non of your tribe's man can be compare to Ibeto antecedent in business not those crooks that got oil wells through shady deals under Abacha and IBB Ibeto Group is developing 22-hectare landed property at Bundu Ama Water Front for establishment of a large-scale tank farm to hold sundry products
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Re: Ibeto Cement Firm Set For Listing In US Stock Market by BeautifulMind2: 11:45am On Jun 06, 2018 |
aribisala0 post=68227187.: Odoh Holdings Ltd subsidiary of Ibeto group This Company was founded in March 1985 and is in the business of real estate development. We own substantial properties in several major cities of Nigeria,including Abuja, Lagos, Port Harcourt, Enugu, Onitsha and Nnewi |
Re: Ibeto Cement Firm Set For Listing In US Stock Market by BeautifulMind2: 11:49am On Jun 06, 2018 |
aribisala0:Ibeto hotels is doted around Nigeria cities
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