yMcy56:

From HUAXIN Cement document that I read, it says 100% of HOLCIM shares and not 100% of the whole Larfarge WAPCO shares....
100% of HOLCIM shares is about 83.81% of the target Company, which is HOLCIM......valued @USD838.13million.

Just trying to say the meaning I read to the doc as well.....i know yours na inside info.

Meanwhile, WAPCO was on fullest bid @63.80!!

Those offers that didn't get picked up last week Friday will be thanking their stars while those that panic sold @57/58 will be blaming themselves....
This life no balance .....

ghm:


Read about it more here, it is not every time we should live in self pity for our country.

https://www.nairaland.com/8282715/holcim-sell-lafarge-africa-stake

The deal aligns with Holcim's strategy to streamline its portfolio and [b]focus on high-growth regions, including the coming spin-off of its North American business, which remains on track for a U.S. listing in the first half of 2025.[/b]


"They sold in Tanzania and Uganda. The Chinese Company bought all these stakes and acquired Cement company in South Africa.
Nothing new, it's about revaluating your portfolio for optimality."

... besides, major western companies have pledged to reduce their stakes in high carbon products like ours, though I am not sure, may be a condition for successful the US listing.

yMcy56:

From HUAXIN Cement document that I read, it says 100% of HOLCIM shares and not 100% of the whole Larfarge WAPCO shares....
100% of HOLCIM shares is about 83.81% of the target Company, which is HOLCIM......valued @USD838.13million.

Just trying to say the meaning I read to the doc as well.....i know yours na inside info.

Meanwhile, WAPCO was on fullest bid @63.80!!

Those offers that didn't get picked up last week Friday will be thanking their stars while those that panic sold @57/58 will be blaming themselves....
This life no balance .....

Sunrisepebble:
RE: Wapco, same source that gave initial gist. Says he has a document that shows the Chinese company want 100% and they will pay the same price per share. He doesn’t think it’ll go above that
NFA/ DYOR

bastardson:
What is happening to SEPLAT?

mikeapollo:

The market is happening to Seplat

GeeKudi:
Chaii!! That's like N125? Ol boy!!

Meerahbel:
WHAT IS IN THE TAX REFORM...
1. Any business with less than N50million turnover are exempted from tax payment.
2. over 90% of workers in public and private sector will no longer pay income tax
3. Over 82% of what low income persons consume will be VAT free.
4. scrapping over 50 nuisance tax suffered by local businesses
5. VAT will no longer be calculated base on where the companies have their headquarters but where their goods are consume
6. the rich to pay more tax while the poor will stop paying taxes..
7. Consumption tax collected by states will be eliminated completely
8. FG share of VAT to reduce from 15% to 10% as states and LGAs now get 90%
9. Those earning less than N1.7m monthly will now pay less income tax
10. Customs, NUPRC and other govt agencies will no longer collect tax as only one Agency will be responsible for collection of all taxes in NGR
11. Those receiving less than N9million per anum could have their income tax cut by half
12. The bill could lead to abolition of other multiple tax laws like the stamp duty act
13. Over 90% of small business would no longer pay profit tax
14. Gradual increase of VAT from 10% in 2025 to 15% in 2030... With almost every goods consume by low income earners exempted from VAT
15. Many NGR companies pay over 60 types of different tax & levies... The bill seeks to end this factor killing NGR industries.

Get yourself a copy of full Tax reform proposal for full details.

Be informed!

lexy2lexy:
Is N125/share the valuation based on the reported acquisition price?

bastardson:
I noticed that its always quiet when the argument is not about OandO Or WAPCO..

yMcy56:

Na OANDO be their wahala....
O&O waiting for the news/action that could replicate whats happening in WAPCO now....😊

HesInMe:
If you believe that a major cement maker exited Nigeria, once considered a high-growth cement market, because of carbon, then you have no clue how rich men think.

What these multinational executives seek the most to support their stock prices at home is profitable growth. But Nigeria technically hasn't stopped growing: 70% of our population is under 30 years, so we'll need cement and other building products to construct new homes, bridges, and landmarks for decades to come.

So why are they leaving? And why, too, did Nestle leave, even though almost as many babies are born in Naija each year as the entire population of Switzerland, their home base? Why is Guinness abandoning a young, bustling market of alcohol lovers?

They're leaving because Nigeria's currency devaluation makes that organic opportunity turn negligible when translated to their own currency. That's why the Large deal is happening in the first place. It is Econ 101 playing out in real life.

Mpeace:
Although not stated. But from the excerpt you made above it is clear that they wanr to focus on high grow region. Nigeria appears to be the very opposite of a "high growth" region. Nigeria is very volatile at the moment.

yMcy56:

Acquisition price per share is not yet out....but people already started calculating based on the OS, exchange rate and the aggregate purchase price from HUAXIN.

HesInMe:
And why do you think the current owner is selling?

They've been in this game since at least 2001, built a new cement plant with new tech, developed supply chains -- all in the hope of tapping this large and growing consumer market, the Giant of Africa. Why up and leave all of a sudden, as have manufacturers of other consumer goods, like Nestle and Guinness?

GeeKudi:
Eagerly waiting.

Raider76:


In global trade Nigeria is a country not a region. Africa is the region. They are clearly divesting from the African region, in which Nigeria happens to be.

Raider76:


In global trade Nigeria is a country not a region. Africa is the region. They are clearly divesting from the African region, in which Nigeria happens to be.

Xidget:
What's up with Transcorp Go up, No. Go down, No.

Sunrisepebble:
Lets have patience. It will gbe body. Tony will get that $1bn net worth

bastardson:


LOL, They might drop below 5k today..

Volume on ARADEL Appears low.

phadriz:
When is the cross deal in JAPAULGOLD ending? 55.7m units just done now. We will see this to the last.

phadriz:
When is the cross deal in JAPAULGOLD ending? 55.7m units just done now. We will see this to the last.

Sunrisepebble:
Shalom