Looming Ph Refinery Ipo?

[richestowealth]

Correction. It's PH and Kaduna

Dangote said just like in Obajana where 30 to 40 per cent will go to the public while 60 to 70 per cent maximum will remain with the group, the refineries ensuring it is stabilized and producing to maximum capacity, the Group intends to issue an IPO immeditately where all Nigerians will have opportunity to be shareholders.

http://www.thisdayonline.com/nview.php?id=79461
Any comments?

[anekwlc]

Dangote group, Zenon oil, Transcorp and River state Govt formed a company called "Bluestar" and it is the Bluestar that bought the refineries. Bluestar is a new company not quoted in NSE, how will they issue IPOs or are we talking about private placement. Are they going to use another quoted company as a Vehicle? It will be nice to know.
By the way is Dangote groups and Zenon going pubic? We need more info from the Gurus

[dotunk]

Dangote is not going public. what the guy has done is fragment his empire into independent parts that can go public and these companies wont offer more than 30% of its holding to the public so the company is still controlled by the group.

it will be some time before other indiginous enterprnuers do what Dangote did, so i dont expect Zenon to go public anytime soon. maybe in the next 3 - 5yrs.

i also think the refinary wont come to the market anytime soon cos the new owners will have to see what is on ground, plan for overhauling of the place (this is what the place needs and not refurbishing). so we should not expect it in the market until maybe 5yrs when its at least profitable. a private placement may come earlier anyway for high networth individuals.

as regards dangote, the Obajana is coming in decmber and later the Danote flour company probably next yr.

so plan for them.

Cheers!

[Avocado]

Who're the technical partners in this proposed refinery business?

.

[richestowealth]

@Dotunk. That's what I thought too that it should take a while to go public but that's not what one of the majority owner of the company said. It might take a while to post profits but I'll definitely load up for the long haul whenever they decide to IPO.

[paragon]

hey, Femi Otedola is now the chairman of AP after the controversial sale of NNPC shares to him. Lets hope that he performs well. Meanwhile, the share price of the company is on the rise.

[abdallah]

pls can someone do me the favour of explaining the ways by which i can monitor my stocks in the nigerian stock exchange. pls i need a detailed explanation

[dotunk]

alanbow, c kenneths, paragon, stockbear over to you for this guy abdallah... classis in session.

[olusolakemmy]

Originally Posted by abdallah

pls can someone do me the favour of explaining the ways by which i can monitor my stocks in the nigerian stock exchange. pls i need a detailed explanation

You can monitor your stock by having a stock broker and then have a cscs account which can be done by your stock broker.

U will be receiving free monthly statement from cscs thru ur broker and you can also request for your holding (report) anytime of the month at cscs office at about N50-N100.

Then, you can monitor the growth interms of price movement in the dailies and on internet.

I hope i have help

[PowerBroker]

Good Evening All,

I am new to investing in Nigeria, i have portfolios with different Markets around the world, i have been looking at the nigerian stock market, and it looks very profitable,

Would anyone have any good recommendations on Trusworthy Brokers

Thank You

Power Broker

[Stockbear]

Dangote Group, in an exclusive interview with Proshare has intimated that there will be IPO's for the following concerns: FLOUR (in 4 - 6 weeks), CEMENT (Sept/Oct 2007) and REFINERY businesses (2008).

DSR productivity and profitability to receive boost from new EU rules, which favours DSR

Dangote group to set up shop in Algeria (sugar), Senegal (cement) and South Africa.

See Proshare for full details:

http://www.proshareng.com/myproshare...es.php?id=1123

[dotunk]

thank stock bear!

i just got this news too via email. i hope we would have enough money to invest in theses companies when they eventually come out.

Any news about thier financial history?

[bwalaman]

Yah...thanks Stockbear, for introducing me to Proshare, it seems to have a ton of relevant info...

Other note, if not already...