Japaul Oil - Page 11

nezvest · #**201** (**permalink**) 24th January 2008, 08:09 PM

Hispy, I don't mean that way. We are all here to help each other after all not to get at each others neck. I respect your contributions here. I only advised that sometimes God can talk to us through any person. Afterall my bible said that our mouths cam make things happen. So we should not always rely on our expertise.

It is an advise subject to rejection and not really what you mean. You are a wonderful contributor in this forum and I dont mean what you think. Hope you grab. Thanks

nezvest · #**202** (**permalink**) 24th January 2008, 08:15 PM

Quote:

Originally Posted by anekwlc

Hello nezvest; Do you have current information on Lasaco. I saw that their P/E is at 14.11 and their EPS of 63k and I do not think that this information is correct. It may be good short to mid term Buy based on their current contract with Federal but not sure of Long term because of management concern (Government Management)

well let me say that the E/S of 63 is not fake. If we divide about 851 Million 3rd quater result of lasaco with the actual share outstanding which is about 7billion then the E/S of lasaco will be about 13k. This is not bad judging by the way this company has consistently been growing earning post recapitalisation. I predict about 1 billion PAT for end of year.

All those apart, I have a feeling about that stock. Think and take the risk. May be we have an N8 stock here.

hispy99 · #**203** (**permalink**) 24th January 2008, 09:48 PM

Quote:

Originally Posted by nezvest

Hispy, I don't mean that way. We are all here to help each other after all not to get at each others neck. I respect your contributions here. I only advised that sometimes God can talk to us through any person. Afterall my bible said that our mouths cam make things happen. So we should not always rely on our expertise.

It is an advise subject to rejection and not really what you mean. You are a wonderful contributor in this forum and I dont mean what you think. Hope you grab. Thanks

ok...no hard feelings...i grab

aogundele · #**204** (**permalink**) 31st January 2008, 09:25 AM

Quote:

Originally Posted by aogundele

Does any one by any chance know the details of the results of the public offer, i just pray it doesn't go the way of Dangote flour & co. It looks like it make more sense investing on the floor than in IPO's

Dear learned friends, i asked a question a week ago, does anyone have any update on Japual.

Betiku Franklin Olugbenga · #**205** (**permalink**) 31st January 2008, 03:59 PM

Quote:

Originally Posted by nezvest

With due respect sir, I want to inform you that this forum will benefit us if we have open mind. The most junior person can be used by God to tell us what the future holds. Sometimes we jup out of techinicals and fundamentals. This is when God wants to bless us. Well I hope to keep getting richer by you guys wonder contributions especially you senior members.

Any news on any stock that could perform as Japaul? How do you see Lasaco Assurance?Owned by Lagos State Government. One will say that it may go like wema bank but I have something about that stock. Can anyone tell me where it will be by the end of 2nd quarter? Is N8 too much?

Thanks

You can direct your research/attention to IPWA. It is going to be a big money maker.

justice bende · #**206** (**permalink**) 31st January 2008, 07:50 PM

hi guys, information reaching me indicates that japaul have been oversubscribed and that their will be returned monies. does anyone have an idea of the percentage of oversubscription and perhaps the percentage allotement that would be given us?

chidianosike · #**207** (**permalink**) 1st February 2008, 01:14 AM

Quote:

Originally Posted by justice bende

hi guys, information reaching me indicates that japaul have been oversubscribed and that their will be returned monies. does anyone have an idea of the percentage of oversubscription and perhaps the percentage allotement that would be given us?

This is contrary to inforrmation i have which i consider reliable. japaul offer was oversubscribed alright but they intend to absorb it all.
My source didnt wish to be quoted but is reliable.

Dragon123 · #**208** (**permalink**) 1st February 2008, 09:33 AM

Quote:

Originally Posted by chidianosike

This is contrary to inforrmation i have which i consider reliable. japaul offer was oversubscribed alright but they intend to absorb it all.
My source didnt wish to be quoted but is reliable.

You are right Chidi. There is no secret about it though as the MD Japaul was reported in the Vanguard of January 29 page 22 that information from the issuing house was that the issue was over subscribed by 500%. He however stated that a large chunk of the over subsciption would be absorbed. He also claimed that Japaul will surpass its 2008 projections by 500%. PAT for 2008 would be N6bn with a dividend of 90k as against 18k initially projected. 2008 turnover was projected at N20bn.

chidianosike · #**209** (**permalink**) 1st February 2008, 10:15 AM

Quote:

Originally Posted by Betiku Franklin Olugbenga

You can direct your research/attention to IPWA. It is going to be a big money maker.

Betiku have u got any 'insider' info on IPWA? Whats new there? Pls share with the house.

chidianosike · #**210** (**permalink**) 1st February 2008, 10:27 AM

Quote:

Originally Posted by Dragon123

You are right Chidi. There is no secret about it though as the MD Japaul was reported in the Vanguard of January 29 page 22 that information from the issuing house was that the issue was over subscribed by 500%. He however stated that a large chunk of the over subsciption would be absorbed. He also claimed that Japaul will surpass its 2008 projections by 500%. PAT for 2008 would be N6bn with a dividend of 90k as against 18k initially projected. 2008 turnover was projected at N20bn.

this is sweet music to my ears, but i hope he is'nt getting too optimistic. if we can take him by he's words it means one can do a few more units of Japaul for the medium to long haul. The share price has shed weight consistently
Since monday. if it can hit 9-10 naira as it goes down then that provides another entry point.

aogundele · #**211** (**permalink**) 1st February 2008, 11:35 AM

Quote:

Originally Posted by Dragon123

You are right Chidi. There is no secret about it though as the MD Japaul was reported in the Vanguard of January 29 page 22 that information from the issuing house was that the issue was over subscribed by 500%. He however stated that a large chunk of the over subsciption would be absorbed. He also claimed that Japaul will surpass its 2008 projections by 500%. PAT for 2008 would be N6bn with a dividend of 90k as against 18k initially projected. 2008 turnover was projected at N20bn.

I'll will most certainly be impressed if they absorb just about everything! That would translate to an additional capital of over N15b, does their authorised share capital cover that?

hispy99 · #**212** (**permalink**) 1st February 2008, 11:44 AM

Quote:

Originally Posted by Dragon123

You are right Chidi. There is no secret about it though as the MD Japaul was reported in the Vanguard of January 29 page 22 that information from the issuing house was that the issue was over subscribed by 500%. He however stated that a large chunk of the over subsciption would be absorbed. He also claimed that Japaul will surpass its 2008 projections by 500%. PAT for 2008 would be N6bn with a dividend of 90k as against 18k initially projected. 2008 turnover was projected at N20bn.

Isn't there a SEC rule that you cannot absorb more than 25% of oversubscription?

crtide · #**213** (**permalink**) 1st February 2008, 12:35 PM

Definitely there is a sec rule that says you can only absorb 25% of your oversubscription. So I am afraid they can not absorb everything.

anekwlc · #**214** (**permalink**) 1st February 2008, 03:56 PM

Quote:

Originally Posted by crtide

Definitely there is a sec rule that says you can only absorb 25% of your oversubscription. So I am afraid they can not absorb everything.

With this Sec rule, how come Oceanic absorbed everything

hispy99 · #**215** (**permalink**) 1st February 2008, 04:54 PM

Quote:

Originally Posted by anekwlc

With this Sec rule, how come Oceanic absorbed everything

The SEC rule has always been there, it was just never enforced (FBN too absorbed more than 25%). They came out mid/late last year and said they would start enforcing it. It is possible that the Japaul offer was b4 SEC came out with teh pronouncement; if it was, then maybe they'll also absorb everything.

Babs_O · #**216** (**permalink**) 1st February 2008, 05:04 PM

Quote:

Originally Posted by hispy99

Isn't there a SEC rule that you cannot absorb more than 25% of oversubscription?

They should please absorb all. As per the sec rule think about it, a way round is to get a very heavy check (or checks) from one friendly or friendly investment houses to help beef up the over subcription. Return most of these heavy checks and other heavy ones and allocate plenty to the masses !

This will have to be done upfront around initial collation after seeing how much people have subscribed.