Transcorp Power Consortium has emerged winner of the bidding process for the acquisition of Afam Power Plc.

More details coming soon…(Nairametrics)

[quote author=stcool post=57451826]Officially inside FORTE OIL PLC.

My Analysis: Not a buy recommendation

Share Oustanding: 1.3B
Projected EPS: N7

Expected Right issue: 1 for 4 or 1 for 5
Projected offer Price: N80-N85

Projected EPS (Post Offer): N5.5 - N6
Projected post offer price: N120 - N180



Next target: Con Oil.

- One year target, as I also intend to take up my rights in full. ;

Pls how did you get 7 as forecast EPS, their EPS as at Q1 is N1.45

Morgan Stanley International Capital has increased the weighting assigned to Nigerian stocks to 7.9 percent from 6.5 percent previously in its frontier markets basket of equities.

The index designed to track and measure stock markets was rebalanced by Morgan Stanley on Thursday and new weightings take immediate effect.

The MSCI Frontier Market Index Nigeria comprises of 16 companies listed on the Nigerian stock exchange such as Nigerian Breweries, GTBank, Zenith, Nestle, Dangote Cement, Forte Oil, Seplat and FBN Holdings.

The MSCI report says there will not be any specific review changes for any securities in Nigeria in the MSCI Nigeria-specific index or composite index, based on the ongoing issues with the foreign exchange market.

Meanwhile, Nigeria’s status in the MSCI Frontier Markets Index remains under consideration for a ”Standalone” re-classification.

Mpeace:
FCMB, lol. NEPA don take their light.

Fcmb still has some steam in it