cocolacec:
fbnh on full bid.

Let's see if it can test N40 again.

Trade your plans. Plan your trades

This is one of my favorite quotes from @BULLBEAR

Research diligently before you enter any stock has nobody will be there for you should you lose your capital

Be wise

yMcy56:

Actually touched 43.95 in March 19, 2024

OK
If I see it again within close range. I am out for good.i am tired with the nonsense happening thr

Who mentioned ELLAHLAKES here.....hmmmm

Princkez:
Who mentioned ELLAHLAKES here.....hmmmm

What happened to Ellah Lakes? Any update?

yMcy56:

He's actually planning that....
He said this in a press briefings with The Nations on September 11, 2024......and we say AMEN to that....

Link posted here earlier.....

https://thenationonlineng.net/japaul-set-to-unlock-1-6b-gold-bank-amid-recapitalisation/

Thanks for this. Jegede's plan to pay dividends without ceasing is a powerful one. But Japaul is a little pricey and risky now for new purchases in the market. Tempted to average up. Best not to sell instead, even if the price swings up should it swing up as it is looking good for long term investment.

I dropped initial info here two weeks ago, seems the news has cast in upper circles as it’s on full bid now. I will drop more info: they’re at SEC for an equity related transaction which should be completed before end of year. I quoted ~#60 as a target price but I think I misheard, now hearing ~#70 can be a reality. Do your own DD

vacanci:
Is there any news propelling the price of Flour Mills Plc?

zendi:
Until the risk of Delisting is removed, Oando will remain a busy Monkey Dealing Market.
Monkey dealers will be buying and selling and re-buying and re-selling monkeys from and to each other until the bell rings, and it's time-up.
Then all dealers still with monkeys will be made to return them to the Cowboy at N7 per monkey regardless of size, weight or cost price.
Meanwhile smart and lucky dealers would have cashed out mid-market and rejoiced home with their loot.

I used the monkey trade fable to describe the high risk Oando gamble (JIJO) in the days before the Court ruling that minimized the fear of delisting and unleashed the great Oando Bull that has just created some of Nigeria's latest multi millionaire's.

Now that Honeywell flour mill has followed FMN in entering full bid, could it be the turn of NNFM?
A quick check shows NNFM is on full offer, even though they have a net asset per share of N36.90.
At today’s lowest offer price of N39.15, might not be too bad an entry for the FA purists.
The risk in it is that it’s on full offer, no bid at the moment.
But there are offers higher than the least price.
Meaning once the least price is cleared, there’s a tendency for attention to be drawn to it.
Flour mills (FMN) that is on full bid now actually owns 59.6% of NNFM.
BBM the great, what sayest thou thine charts on NNFM?

Actually, FLOUR is yet to gain a kobo while HONEY is currently +10%

Is Flour so illiquid OR

OakPearl:
Now that Honeywell flour mill has followed FMN in entering full bid, could it be the turn of NNFM?
A quick check shows NNFM is on full offer, even though they have a net asset per share of N36.90.
At today’s lowest offer price of N39.15, might not be too bad an entry for the FA purists.
The risk in it is that it’s on full offer, no bid at the moment.
But there are offers higher than the least price.
Meaning once the least price is cleared, there’s a tendency for attention to be drawn to it.
Flour mills (FMN) that is on full bid now actually owns 59.6% of NNFM.
BBM the great, what sayest thou thine charts on NNFM?

To think that I almost sold ALL my holdings with FBNH @24.

Now I am super grateful the deal fell through...

KarlTom:
Wagwan FBNH

designking:

What happened to Ellah Lakes? Any update?

nothing ooo but the way they are parking the stock...got to #3.30 this morning

KarlTom:
Actually, FLOUR is yet to gain a kobo while HONEY is currently +10%

Is Flour so illiquid OR

I am thinking it has a lot to do with the hint @Sunrisepebble dropped.
Broker to broker cross deals might be happening, with a few retail-retail investor’s transactions.
But in all, when a stock goes full bid, no one wants to sell.
I haven’t checked the free float though to answer your question fully, but I recall Flour’s bull run from N18 to over N40 some years ago. Noticed the illiquidity then too.

OakPearl:
Now that Honeywell flour mill has followed FMN in entering full bid, could it be the turn of NNFM?
A quick check shows NNFM is on full offer, even though they have a net asset per share of N36.90.
At today’s lowest offer price of N39.15, might not be too bad an entry for the FA purists.
The risk in it is that it’s on full offer, no bid at the moment.
But there are offers higher than the least price.
Meaning once the least price is cleared, there’s a tendency for attention to be drawn to it.
Flour mills (FMN) that is on full bid now actually owns 59.6% of NNFM.
BBM the great, what sayest thou thine charts on NNFM?

Speaking of contagion effect. I see an unrelated stock that could follow FMN. Maybe the manufacturing industry relationship is the connection?

Disclaimer - TA or charting is not my forte so please do not make a buy or sell decision based on this post. Not sure I really understand what I posted sef.

designking:
First bank has been giving us Oando vibes... The daily movement is fantastic but can this price range be sustained?

Do we sell or wait?

Lol!
Please, be mindful how you use Oando as a yardstick or benchmark for comparing or analyzing other stocks.
The stock ''Oando'' and its antecedents is not something that everyone on this platform likes or is comfortable with.
So you don't end up having some unnecessary antagonists, like it has happened to some folks. To those antagonists, anyone that is excited about Oando must be either an APC agent, or doing MH (they call it ''Monkey Hunting'') business.
Wish you all the best in your investments, whether in FBN, GT, ZB, UBA, JP or Oando or whatever

Free float for FMN should be about 35%. The full bid in FMN has caused contagion effect in HONEY, to be honest I am not sure how the pending transaction with FMN positively affects HONEY but I will find out

OakPearl:


I am thinking it has a lot to do with the hint @Sunrisepebble’s dropped.
Broker to broker cross deals might be happening, with a few retail-retail investor’s transactions.
But in all, when a stock goes full bid, no one wants to sell.
I haven’t checked the free float though to answer your question fully, but I recall Flour’s bull run from N18 to over N40 some years ago. Noticed the illiquidity then too.

Sunrisepebble:
Free float for FMN should be about 35%. The full bid in FMN has caused contagion effect in HONEY, to be honest I am not sure how the pending transaction with FMN positively affects HONEY but I will find out

Please do. I want to check something

Princkez:
nothing ooo but the way they are parking the stock...got to #3.30 this morning

Na wa for you o.

Until the off-screen seller is done, Ellah is not going anywhere (in the short term) in my opinion.

That said, strong positive news or deep pockets can absorb the shares the seller wants to offload. Until then, the seller is running the show.

Omooloriredade:


Speaking of contagion effect. I see an unrelated stock that could follow FMN. Maybe the manufacturing industry relationship is the connection?

Disclaimer - TA or charting is not my forte so please do not make a buy or sell decision based on this post. Not sure I really understand what I posted sef.

The only related connection I have is both have their strong base in Calabar-Crossriver state..

Omooloriredade:


Speaking of contagion effect. I see an unrelated stock that could follow FMN. Maybe the manufacturing industry relationship is the connection?

Disclaimer - TA or charting is not my forte so please do not make a buy or sell decision based on this post. Not sure I really understand what I posted sef.

OakPearl:
Now that Honeywell flour mill has followed FMN in entering full bid, could it be the turn of NNFM?
A quick check shows NNFM is on full offer, even though they have a net asset per share of N36.90.
At today’s lowest offer price of N39.15, might not be too bad an entry for the FA purists.
The risk in it is that it’s on full offer, no bid at the moment.
But there are offers higher than the least price.
Meaning once the least price is cleared, there’s a tendency for attention to be drawn to it.
Flour mills (FMN) that is on full bid now actually owns 59.6% of NNFM.
BBM the great, what sayest thou thine charts on NNFM?

Chief OakPearl, I hope you're doing great!
NNFM is experiencing selling pressure. Current price at Jan 2011 support. IF this support cannot hold the price, then there a subtle hurdle between 32 & 36 before jumbing to 30!

BullBearMkt:

Chief OakPearl, I hope you're doing great!
NNFM is experiencing selling pressure. Current price at Jan 2011 support. IF this support cannot hold the price, then there a subtle hurdle between 32 & 36 before jumbing to 30!

Something I got at sub km15 last year

Sunrisepebble:
Free float for FMN should be about 35%. The full bid in FMN has caused contagion effect in HONEY, to be honest I am not sure how the pending transaction with FMN positively affects HONEY but I will find out

I have been hinting on the potential impact of FMN's acquisition of Honey Well, although HWF has reorded losses in three straight years after the deal.
But I believe the acquisition will yield some strong positives in synergy in logistics, cost efficiency and enhanced profitability for Honey Well as their factory is located near FMN in Apapa. The company is undergoing some restructuring so watch out for a turnaround very soon.

Omooloriredade:


Speaking of contagion effect. I see an unrelated stock that could follow FMN. Maybe the manufacturing industry relationship is the connection?

Disclaimer - TA or charting is not my forte so please do not make a buy or sell decision based on this post. Not sure I really understand what I posted sef.

Good job @Omooloriredade!
From 52 week comparison chart, NNFM maybe facing profit taking having over-perform its pair and consumer good sector (generally) for the past year. Flourmill & Honeywell are now performing with investors perceving that they are cheap. NNFM will need to find a good support level before joining the group!

Full chart: https://www.tradingview.com/x/CLN1SVjG/

megawealth01:


Something I got at sub km15 last year

...and some 8!

BullBearMkt:

...and some 8!

But not last year

Conhall Plc finally moving.

megawealth01:


But not last year

2023, after DB!

Possible merger.
Flourmill+Honeymill
1:9 or 1:10
Win win

Oando still in debt but income near double.
Result out soon.
Dnt sell.

JP
More accumulations ongoing.....
Over 100m units done in transactions so far...

BullBearMkt:

2023, after DB!

WOW