Post by MICHEAL OLUWASEUN OYEWOLE (@zeunzema)

GM My Articulate Community.

So here is my Personal Analysis on Dangote refinery IPO after reading the prospectus and very detail Research work.

I here come to a conclusion that if you're not willing to invest above ₦1M naira please hold on till after listing, because am very certain that the Big Back will dump and then you bought at a very lower price far below ₦525 per share.

There alot of big capitalist on this IPO like me just mention few of them

1. Femi Otedola CEO First HoldCo / Geregu Power
2. Leo Stan Ekeh — Zinox Group / diversified investments
3. Mike Adenuga — Conoil / Conoil Producing / Globacom (Glo)
4: Tony Elumelu — Heirs Holdings / Heirs Energies
5.Wale Tinubu — Oando PLC
6. Abdul Samad Rabiu — BUA Group / BUA Oil & Gas

Just to mention few

Also some major banks too will be heavily committed to be part of the IPO.

And these guys will not wait for 5 to 10 x of their investment before taken TP

All they need is 2x and they are out, although they might still when price went lower, but majority of them will definitely take some early profit within 48 hrs of listing. And while they take profit common with an investment below ₦1M will be looking at the charts, except you're in for a long-term which of course that should be your target, but you must be very current of the global crude oil update and you must be very sound watching business news to know the global index updates on energy etc.

Also you might not receive you full allotment because if uts heavily subscribe to you might end up receive something lower to what you are committed to and the remaining of your funds will be convert to USD/ naira depend on the broker you're using

There will definitely be an opportunity for Alhaji friend because these are the people that will provide liquidity and because of this, their own allotment will be huge than we we common investor and with 2x they're good, am not saying they will dump market, but definitely they will take some healthy profit which will lead to price correction

I believe after fews weeks of trading, the price of dangote refinery will drop within ₦150-₦200 per share and that will give you a super opportunity to buy and then position for long-term stock portfolio investment. Which will be very massive.

Base of my personal assessment and research, dangote Refinery has the capacity to hit ₦1000/₦1500 per share within the coming 5 years.

So thing long-term for massive opportunity.

Thank you

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