crownprince2017:


They wouldn't do that because they have have better investor who are ok with their strategy, they don't need your money, take your money else where and leave ellahlakes for us thta love them..abi na by force yo convince you.

If they convince you what would they gain?

Ellahlakes never start anything, this one na just rehearsal, let the numbers show first..

My guy man. Lol.I don pass to buy stock by marketing and conviction. E remain make my account officer for Zenith to knee down convince me to take Zenith offer.If you operate based on that on the street...na bankrupt go be your name.

Do you know how long I have been trying to convince Agba to enter road. He say na till November. Oya go help me convince Agba to stop the other room activity make I know you sabi the work.
I guess you are waiting for the audited result too

To succeed in the stocks business, one needs a giant size strainer to sieve the substance from the noise in the market 😀

OandO. -2.67%
ETERNA. ±

UBA una nova tire to hoard this results ni? My hands have been scratching me🌚🥲

Ginalex:
UBA una nova tire to hoard this results ni? My hands have been scratching me🌚🥲

Hope it's only hand sha

Confam. Tomorrow .get funds ready

Yemy3m:
next week.
uba|oando|eterna are hot
Buy more Do. Not. Sell until news is out.

a bamk want to buy majority stake in a insurance. be alert

Agbalowomeri:


Hope it's only hand sha

See bad guy on the move

The rate at which Oando is losing gradually, i am tempted to exit. Before now i had a 100% profit, gradually i am now left with 75%. Prophet Utuocha what are you saying ? At least i have mentioned Oando, you must say something.

Agbalowomeri:


Hope it's only hand sha

God abeg

Streetinvestor2:
See bad guy on the move

Lol me just dey show concern and solidarity o in case my services are needed

jonnysessy:
The rate at which Oando is losing gradually, i am tempted to exit. Before now i had a 100% profit, gradually i am now left with 75%. Prophet Utuocha what are you saying ? At least i have mentioned Oando, you must say something.

At least first take the 100% profit ... out
Go chop Nkwobi with small stout...
Before u go ask Prophet Utuocha this jamb question...

FBNH has quietly returned over 50% in about 5wks

Agbalowomeri:


Hope it's only hand sha

Even if you know each other outside of here, this is grossly disrepectful to put in public.

jonnysessy:
The rate at which Oando is losing gradually, i am tempted to exit. Before now i had a 100% profit, gradually i am now left with 75%. Prophet Utuocha what are you saying ? At least i have mentioned Oando, you must say something.

Without any prophecy, from available public info, you can predict what would be in the anticipated results

*inresased revenue (raising crude production from 5000bpd to 50,000bpd no be moimoi)
*they will still be in debt (no doubt)
*no dividend yet (would be over ambitious to expect dividend earlier than late next year)
*the depth of negative fundamentals will reduce (would be an over performance if they have turned positive already)
*clear path to profitability will be obvious

Who uses INVESTnaija app for trading here?

How is their services?

HOLD your UNILEVER tight if you bought when I called it out at sub 15

DYOR

So flour mills shareholders no want fight back. They shouldx have pushedx the price further up and fight for higher settlement.

Mpeace:
So flour mills shareholders no want fight back. They shouldx have pushedx the price further up and fight for higher settlement.

Exactly what I was expecting. Push it to 100 and insist on the nse delisting rule on buy out price.

GeeKudi:


Even if you know each other outside of here, this is grossly disrepectful to put in public.

Do you think people can't speak for themselves? Stop taking panadol for another person's headache na.

GeeKudi:


Even if you know each other outside of here, this is grossly disrepectful to put in public.

Na your mind dey do tricks on you bro

GeeKudi:


Exactly what I was expecting. Push it to 100 and insist on the nse delisting rule on buy out price.

Well, I thought this wont work since they issued the statement before the price will even get to 70 and above..

So the last 6 months prior to the statement is what counts.
(I stand to be corrected sha.)

Ades1:



Do you think people can't speak for themselves? Stop taking panadol for another person's headache na.

You would have been gigling to yourself like a teen if I had supported him.

Women are not objects for sexual fantacies. Besides, this a forum of noble people and the few women here (we are lucky to have them) are not in the wrong place.
Stop being perverts and learn to accord due respect to the women folks.

chimex38:

Well, I thought this wont work since they issued the statement before the price will even get to 70 and above..

So the last 6 months prior to the statement is what counts.
(I stand to be corrected sha.)

Ok. It means the company can unilaterally determine the buy out price without a meeting and consent of the shareholders. What if they refuse to sell like the Oando situation?
Maybe someone with better understanding of the rules can enlighten better.

GeeKudi:



You would have been gigling to yourself like a teen if I had supported him.

Women are not objects for sexual fantacies. Besides, this a forum of noble people and the few women here (we are lucky to have them) are not in the wrong place.
Stop being perverts and learn to accord due respect to the women folks.

Ok mr woke

chimex38:

Well, I thought this wont work since they issued the statement before the price will even get to 70 and above..

So the last 6 months prior to the statement is what counts.
(I stand to be corrected sha.)

Understanding the Use of the Last 6 Months Share Price in Delisting on the Nigerian Stock Exchange (NSE)

When a company is listed on the Nigerian Stock Exchange (NSE), its shares can be publicly traded, giving investors the opportunity to buy and sell shares freely. However, there are times when a company may choose to leave the stock exchange, a process known as delisting. In such cases, one important factor that affects shareholders is the share price used to compensate them when the company exits the market.

What is Delisting?

Delisting refers to the removal of a company’s shares from the stock exchange, meaning its shares will no longer be available for trading on the public market. Companies may choose to delist for several reasons, such as:

• Mergers and acquisitions
• Financial restructuring
• The company no longer meeting the exchange’s listing requirements
• Voluntary decisions by the company to go private

How Does the Last 6 Months Share Price Apply?

One of the key concerns for shareholders during a delisting process is getting fair value for their shares. According to the NSE rules, especially in cases of voluntary delisting, the share price over the last six months becomes important. Here’s why:

• Shareholder Buyback: In voluntary delisting situations, the company or its core shareholders often need to buy back the shares from minority shareholders who still own a stake in the company. This is to ensure that minority shareholders are not unfairly left behind.
• Determining the Exit Price: The exit price, or the price at which the company buys back shares, is determined by looking at the average market price of the company’s shares over the last six months before the delisting announcement, or the current market price—whichever is higher.

This rule helps protect minority shareholders by ensuring they get a fair price for their shares, based on historical trading activity. The aim is to avoid a situation where a company’s shares are delisted at a much lower value than what the market had been trading at over a reasonable period.

Why the 6-Month Period?

The reason the 6-month period is used is to ensure that the share price reflects a broad and fair assessment of the company’s value over time, rather than relying on short-term fluctuations or sudden drops in price. This period helps smooth out any short-term market volatility and provides a more stable measure of the company’s stock performance.

Key Takeaway for Shareholders

If you are a shareholder in a company that is about to be delisted from the Nigerian Stock Exchange, it is important to understand how the last 6 months’ share price will affect the compensation you receive for your shares. The average price over this period will be used to determine the exit price, ensuring that you get a fair value for your investment.

I’m guessing Flourmills was forced to announce before the price would reach 100 Naira lol.

bovali:


Understanding the Use of the Last 6 Months Share Price in Delisting on the Nigerian Stock Exchange (NSE)

When a company is listed on the Nigerian Stock Exchange (NSE), its shares can be publicly traded, giving investors the opportunity to buy and sell shares freely. However, there are times when a company may choose to leave the stock exchange, a process known as delisting. In such cases, one important factor that affects shareholders is the share price used to compensate them when the company exits the market.

What is Delisting?

Delisting refers to the removal of a company’s shares from the stock exchange, meaning its shares will no longer be available for trading on the public market. Companies may choose to delist for several reasons, such as:

• Mergers and acquisitions
• Financial restructuring
• The company no longer meeting the exchange’s listing requirements
• Voluntary decisions by the company to go private

How Does the Last 6 Months Share Price Apply?

One of the key concerns for shareholders during a delisting process is getting fair value for their shares. According to the NSE rules, especially in cases of voluntary delisting, the share price over the last six months becomes important. Here’s why:

• Shareholder Buyback: In voluntary delisting situations, the company or its core shareholders often need to buy back the shares from minority shareholders who still own a stake in the company. This is to ensure that minority shareholders are not unfairly left behind.
• Determining the Exit Price: The exit price, or the price at which the company buys back shares, is determined by looking at the average market price of the company’s shares over the last six months before the delisting announcement, or the current market price—whichever is higher.

This rule helps protect minority shareholders by ensuring they get a fair price for their shares, based on historical trading activity. The aim is to avoid a situation where a company’s shares are delisted at a much lower value than what the market had been trading at over a reasonable period.

Why the 6-Month Period?

The reason the 6-month period is used is to ensure that the share price reflects a broad and fair assessment of the company’s value over time, rather than relying on short-term fluctuations or sudden drops in price. This period helps smooth out any short-term market volatility and provides a more stable measure of the company’s stock performance.

Key Takeaway for Shareholders

If you are a shareholder in a company that is about to be delisted from the Nigerian Stock Exchange, it is important to understand how the last 6 months’ share price will affect the compensation you receive for your shares. The average price over this period will be used to determine the exit price, ensuring that you get a fair value for your investment.

I’m guessing Flourmills was forced to announce before the price would reach 100 Naira lol.

Thank you.

GeeKudi:



You would have been gigling to yourself like a teen if I had supported him.

Women are not objects for sexual fantacies. Besides, this a forum of noble people and the few women here (we are lucky to have them) are not in the wrong place.
Stop being perverts and learn to accord due respect to the women folks.

How many women you get for your life? Me I get 36. You no respect women that na why you get only one

GeeKudi:


Ok. It means the company can unilaterally determine the buy out price without a meeting and consent of the shareholders. What if they refuse to sell like the Oando situation?
Maybe someone with better understanding of the rules can enlighten better.

The price shall not be less than the highest market price in 6 months prior to the date of the AGM where shareholders would give approval to the company to buy-out the shared.
Oando's proposal to buy-out shares was originated by some minority shareholders, and not an official request from the management itself (although it was later ordered by the Court to respond), so it was easy to be thrown away and killed by other shareholders.

bovali:


•Determining the Exit Price: The exit price, or the price at which the company buys back shares, is determined by looking at the average market price of the company’s shares over the last six months before the delisting announcement or the current market price—whichever is higher.

I’m guessing Flourmills was forced to announce before the price would reach 100 Naira lol.

@ Bolded confirms my assertion.. Thanks for the clarification and broader details.

going by that, your guess in your last line will also be right.

After the rumours filtered in, the share price went up to ₦59 and then they pulled it back to between ₦49-₦54, until they got their announcement ready.

Without that 2-3days pull back it would have gotten to ₦80 or more before the announcement..

dem know wetin dem do.

Agbalowomeri:


How many women you get for your life? Me I get 36. You no respect women that na why you get only one

Time to drop that bottle, bro

mikeapollo:


The price shall not be less than the highest market price in 6 months prior to the date of the AGM where shareholders would give approval to the company to buy-out the shared.
Oando's proposal to buy-out shares was originated by some minority shareholders, and not an official request from the management itself (although it was later ordered by the Court to respond), so it was easy to be thrown away and killed by other shareholders.

The 6month rule is it Prior to Announcement by the company or Prior to AGM?

Or probably this your case is different since it originated from shareholders and not management?

Na NGx rule book go clarify.

Saw this financials but after my analysis my excitement was short lived:
https://doclib.ngxgroup.com/Financial_NewsDocs/42190_EUNISELL_INTERLINKED_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_SEPTEMBER_2024.pdf

Valuation of Eunisell Interlinked Plc: A Comprehensive Analysis

In this post, I will analyze the potential stock price of Eunisell Interlinked Plc using 10 different valuation methods. Each method provides a different perspective, offering a range of valuations depending on market conditions and financial performance.

1. Price-to-Earnings (P/E) Ratio

The P/E ratio compares the current share price to the company’s earnings per share (EPS). Using an EPS of ₦0.4228, I applied three different P/E multiples to arrive at the following price ranges:

• Worst Case (P/E = 3x): ₦1.27
• Base Case (P/E = 6x): ₦2.54
• Best Case (P/E = 9x): ₦3.80

2. Price-to-Book (P/B) Ratio

This method evaluates the stock based on the company’s Net Asset Value (NAV) per share of ₦1.25. Applying P/B multiples:

• Worst Case (P/B = 0.8x): ₦1.00
• Base Case (P/B = 1.2x): ₦1.50
• Best Case (P/B = 1.6x): ₦2.00

3. Discounted Cash Flow (DCF) Model

Using the EBITDA of ₦145.25 million and a WACC of 20%, the DCF provides a valuation of the company’s future cash flows. Here are the estimated share prices:

• Worst Case: ₦5.00
• Base Case: ₦10.00
• Best Case: ₦15.00

4. Dividend Discount Model (DDM)

Eunisell hasn’t paid dividends for over 22 years, so DDM is not applicable.

5. Asset-Based Valuation

This method evaluates the stock using the company’s total equity and net assets. With confirmed total equity of ₦295.87 million and 236.7 million shares outstanding, the asset-based valuation produces:

• Worst Case: ₦1.25
• Base Case: ₦1.50
• Best Case: ₦2.00

6. Earnings Growth Model

This method was skipped due to the lack of historical earnings data.

7. Price-to-Sales (P/S) Ratio

Using the revenue of ₦722.53 million and the number of shares outstanding:

• Worst Case: ₦1.00
• Base Case: ₦1.50
• Best Case: ₦2.00

8. Enterprise Value-to-EBITDA (EV/EBITDA)

With an enterprise value of ₦833.4 million and EBITDA of ₦145.25 million, the EV/EBITDA estimates are:

• Worst Case: ₦4.00
• Base Case: ₦8.00
• Best Case: ₦12.00

9. Relative Valuation (Comparables)

This method was skipped cause can’t find comparables. Maybe you guys can help?

10. Economic Value Added (EVA)

Using NOPAT of ₦100.071 million, WACC of 20%, and the company’s invested capital, the EVA model estimates:

• Worst Case: ₦4.00
• Base Case: ₦8.00
• Best Case: ₦12.00

Summary of Results:

• Worst Case Average: ₦2.06
• Base Case Average: ₦4.20
• Best Case Average: ₦6.48