http://www.proshareng.com/news/Investors%20NewsBeat/FLOURMILL-Sales-Grows-by-17percent-YoY-in-Q2-2016-Results-Proshare/29142

Fear Nigerian analyst they can be callous. they placed FLOURMILL on neutral to see if they can acquire more, they couldn't say SELL because its already trading on it 5yr low,

if its a stock they want to dump on investors you see slogans like BUY BUY BUY or JUST GRAB IT!

Abeg whenever you see such slogans better run for your dear life.

Good day bnsitl,
A friend just draw my attention to the fact that his FBNH bonus issue has been credited to his CSCS account. I am yet to get mine though I have sent mail to Morgan to send me updated CSCS account. People using CSCS online can kindly confirm its authenticity. Happy trading day.

Jejebaba:
Good day bnsitl,
A friend just draw my attention to the fact that his FBNH bonus issue has been credited to his CSCS account. I am yet to get mine though I have sent mail to Morgan to send me updated CSCS account. People using CSCS online can kindly confirm its authenticity. Happy trading day.

I really doubt this.

PETERiCHY:
http://www.proshareng.com/news/Investors%20NewsBeat/FLOURMILL-Sales-Grows-by-17percent-YoY-in-Q2-2016-Results-Proshare/29142

Fear Nigerian analyst they can be callous. they placed FLOURMILL on neutral to see if they can acquire more, they couldn't say SELL because its already trading on it 5yr low,

if its a stock they want to dump on investors you see slogans like BUY BUY BUY or JUST GRAB IT!

Abeg whenever you see such slogans better run for your dear life.

peter,,,,is it because you are fully loaded on flourmil makes you in support of the stock otherwise i know you will sing the same song. is it because of latest report of 900 EPS make you happy agree flourmil is good but there are other stock on nse that will yield more return than flourmil.

waiting at junction 18 for the stock.... subject to term & condition for adjustment when the time reach

Lawunion

Who dey mop up LAWUNION?
Any news?

PETERiCHY:
http://www.proshareng.com/news/Investors%20NewsBeat/FLOURMILL-Sales-Grows-by-17percent-YoY-in-Q2-2016-Results-Proshare/29142

Fear Nigerian analyst they can be callous. they placed FLOURMILL on neutral to see if they can acquire more, they couldn't say SELL because its already trading on it 5yr low,

if its a stock they want to dump on investors you see slogans like BUY BUY BUY or JUST GRAB IT!

Abeg whenever you see such slogans better run for your dear life.

Aside the disposal of shares in Unicem, Flour mills made a loss of N958m after tax. For the period under review, the call is right. However, I am of the opinion that Flourmill is a BUY for the long term. Finance costs is this company's albatross. I expect that the capital raised and proceeds from sale of holding in Unicem can be used to pay down debt and fund expansion in profitable units.

Mind you, we are all Nigerian analysts, so we should fear ourselves

Manonamission:


Aside the disposal of shares in Unicem, Flour mills made a loss of N958m after tax. For the period under review, the call is right. However, I am of the opinion that Flourmill is a BUY for the long term. Finance costs is this company's albatross. I expect that the capital raised and proceeds from sale of holding in Unicem can be used to pay down debt and fund expansion in profitable units.

Mind you, we are all Nigerian analysts, so we should fear ourselves

From which quarter result bros? How is it a loss of N958m after tax?

PETERiCHY and co.

What is driving Oando price-up.

I thought you people said it will end @ 0.50k

Jejebaba:
Good day bnsitl,
A friend just draw my attention to the fact that his FBNH bonus issue has been credited to his CSCS account. I am yet to get mine though I have sent mail to Morgan to send me updated CSCS account. People using CSCS online can kindly confirm its authenticity. Happy trading day.

Why don't you contact First Registrars to confirm. It is better to register with CSCS online as it is possible for the bonus to reflect in your CSCS online account and not reflect in your broker's account and your broker will tell you the bonus has not been distributed.

OBAGADAFFI:
PETERiCHY and co.

What is driving Oando price-up.

I thought you people said it will end @ 0.50k

Nse for u ..its possible to it ends 0.50k and its possible to end 280 naira or more like forte oil

Nobody knows what will happen ..i don't know who re buying this stock with all the noise on the losses they declared .

But i don't think it will go far

Elai147:


From which quarter result bros? How is it a loss of N958m after tax?

Q2'15 . Cool tension

Elai147:


Why don't you contact First Registrars to confirm. It is better to register with CSCS online as it is possible for the bonus to reflect in your CSCS online account and not reflect in your broker's account and your broker will tell you the bonus has not been distributed.

Thanks Oga Elai. Morgan has sent me the CSCS account and the FBNH has been credited to it.

Elai147:
http://www.nse.com.ng/Financial_NewsDocs/11388_OANDO_PLC_CORPORATE_ACTIONS_NOVEMBER_2015.pdf

You guys think you can spoil Uncle Wale's career abi? See story. Lol

lancee:




Nse for u ..its possible to it ends 0.50k and its possible to end 280 naira or more like forte oil

Nobody knows what will happen ..i don't know who re buying this stock with all the noise on the losses they declared .

But i don't think it will go far

"Markets can remain irrational a lot longer than you and I can remain solvent." A. Gary Shilling

That's why most analysis always fail, follow your mind in taking risks .

Manonamission:


You guys think you can spoil Uncle Wale's career abi? See story. Lol

Please what's the corporate action about? The link is not downloading. Thanks

EduC:



Please what's the corporate action about? The link is not downloading. Thanks

;Dstory about their losses and the future of Oando

EduC:



Please what's the corporate action about? The link is not downloading. Thanks

Dear Sir,
Further to our recent filings and representations to the Dealing Clerks and
employees of the Nigerian Stock Exchange (“NSE”), we write to give a brief
summary of the key matters impacting on our full year release for 2014.
With global Upstream players forced to record significant reductions in the
fair value of their asset portfolios in the last 10 months, we are no exception.
This led to us accepting non-cash impairments and currency devaluation
charges totaling N185.3Bn:
 N130.2 Bn in our Exploration & Production business as a result of
lower oil prices leading to a reduced valuation of certain exploration
and appraisal assets and under-lift receivables owed to us by NNPC.
 N36.4 Bn in our Energy Services business due to reduced drilling
activity and reduced day rates accruable to our rig assets.
 N18.7 Bn due to the devaluation of the Naira, which generated a
significant foreign exchange loss as we import in dollar denominations
and recover our costs in Naira.
Please see the attached presentation for a more detailed breakdown of the
impairments.
While we have impaired certain exploration and near-production assets
(mainly legacy assets), our core producing assets have not been impaired in
any shape or form. The upstream company has generated in excess of
$500m dollars in cash flows, which has been used as part of our aggressive
deleveraging strategy to pay over $400million of debt in the last 12-14
months.
As we gradually exit our investment phase, we remain committed to shoring
up our balance sheet, significantly reducing our interest burden, returning
the company to profitability and take this opportunity to reaffirm our long-term
business viability.

We stand ready for any further clarifications that may be required. Na fight?
Kind regards

Some details in figures too that can't be pasted here.

Manonamission:


Dear Sir,
Further to our recent filings and representations to the Dealing Clerks and
employees of the Nigerian Stock Exchange (“NSE”), we write to give a brief
summary of the key matters impacting on our full year release for 2014.
With global Upstream players forced to record significant reductions in the
fair value of their asset portfolios in the last 10 months, we are no exception.
This led to us accepting non-cash impairments and currency devaluation
charges totaling N185.3Bn:
 N130.2 Bn in our Exploration & Production business as a result of
lower oil prices leading to a reduced valuation of certain exploration
and appraisal assets and under-lift receivables owed to us by NNPC.
 N36.4 Bn in our Energy Services business due to reduced drilling
activity and reduced day rates accruable to our rig assets.
 N18.7 Bn due to the devaluation of the Naira, which generated a
significant foreign exchange loss as we import in dollar denominations
and recover our costs in Naira.
Please see the attached presentation for a more detailed breakdown of the
impairments.
While we have impaired certain exploration and near-production assets
(mainly legacy assets), our core producing assets have not been impaired in
any shape or form. The upstream company has generated in excess of
$500m dollars in cash flows, which has been used as part of our aggressive
deleveraging strategy to pay over $400million of debt in the last 12-14
months.
As we gradually exit our investment phase, we remain committed to shoring
up our balance sheet, significantly reducing our interest burden, returning
the company to profitability and take this opportunity to reaffirm our long-term
business viability.

We stand ready for any further clarifications that may be required. Na fight?
Kind regards

Some details in figures too that can't be pasted here.

Thanks a lot!

Manonamission:


Q2'15 . Cool tension

The Q2 PAT is 24 billion. If you subtract the 23.7 billion disposal of investment it leaves you with a small tashere +ve PAT

Manonamission:


You guys think you can spoil Uncle Wale's career abi? See story. Lol

Oando on full bid again ooo. It is well (in Myjoy's voice)

Manonamission:


We stand ready for any further clarifications that may be required. Na fight?

Na dis part funny me pass . I like the clarification though. Wale is very good at clarifying things.

Selling fading away but money is not chasing big cap stocks.the blood bath has almost ended for the short while.
#oando is only correcting loss to establish new trading price range.
#the market is more likely to establish green territory tomorrow

Elai147:


The Q2 PAT is 24 billion. If you subtract the 23.7 billion disposal of investment it leaves you with a small tashere +ve PAT

The period under consideration that was referenced is actually Q2 ONLY, that is 3mths ended Sept, 2015 not 6mths ended Sept. The PBT for this period is N22,921 - N23,732 (being proceed of sale) = -N811m
Without the Tax CREDIT in Q2, PAT would be -N958m (A tax consultant or auditor go fit explain that one )

Summarily, Flour mills recorded a loss in its Q2 operations.

Elai147:


Na dis part funny me pass . I like the clarification though. Wale is very good at clarifying things.

Make him clarify the price on the floor first

Meanwhile, anyone seen Ladi Balogun lately? Boys dey provoke for hia o. For how long do we have to wait?

pls at what price did oando closed today?

7 FACTORS TO CONSIDER BEFORE CHOSING A BUSINESS

For many who have nursed the dream of being business owners, the decisions as to what kind of business they should undertake is often the most crucial. This is because such decisions are often surrounded with fear of the unknown in the face of many alternatives. For you to be able to take the right decision for the right business, the following might be indispensable ingredients or inputs.
This article is not tending to discuss every details of starting a business but given you the hints and things you should consider around you.


1. YOURSELF: Before you venture into any kind of business, the first and most important thing to consider is YOURSELF. This is so because your are the greatest asset of the business. Assess your working experience, skills, talents and more.

2. YOUR LIKES AND DISLIKES: Another important factor to be considered in the choice of your business is personal likes and dislikes. Ask yourself about the business; your contacts or leads to be consulted for advice and counseling and equipment owned for the business operation (if any). By building on knowledge, talents, skill and supplies you already have, you will have a built-in advantage. Check your temperament does it fit into the business your want to venture?

3. YOUR GOALS: Never venture into a business without first of all setting goals for yourself. Goals will enable you to evaluate your performance. Once your goals are set, hold strongly to them if you have to realize your dream of independence and satisfaction. Always have a mental picture of your daily activities, which of course must be in line with your already set goal(s).

4. LOCATION: Now that you have ascertained your abilities and are convinced of your background and goals, the next thing to be considered is where your business will be located. Should it be at your home, online, near your home or far outside? Is the location strategically positioned for business? What is the required space for business etc.

I BELIEVE THAT YOU HAVE LEARN SOMETHINGS FROM THIS POST.... YOU CAN CHECK THE REMAINING POINTS @
Read More>>
http://megaupdate247..com.ng/2015/10/7-factors-to-consider-before-chosing.html


PLEASE TELL ME WHAT YOU LEARN.....

Manonamission:
The period under consideration that was referenced is actually Q2 ONLY, that is 3mths ended Sept, 2015 not 6mths ended Sept. The PBT for this period is N22,921 - N23,732 (being proceed of sale) = -N811m
Without the Tax CREDIT in Q2, PAT would be -N958m (A tax consultant or auditor go fit explain that one )

Summarily, Flour mills recorded a loss in its Q2 operations.

Okay, I get what you're saying, but you cannot take out the tax credit as you cannot compute PAT without considering it. Tax credits are subtracted from the tax amount owed. If the result is a credit you must add it to your PBT to get PAT just like you would subtract it from the PBT if it was an expense.

Manonamission:


Make him clarify the price on the floor first

Meanwhile, anyone seen Ladi Balogun lately? Boys dey provoke for hia o. For how long do we have to wait?

Exactly in my mind. I think FCMB is the only bank yet to present their H1 result . I hope all is well? Well let's give them one more week to do the needful

Just got my eDividend from Conoil. Nice surprise since I have been unable to sell the shares for weeks now.

Just got my FBNH script dividend

Still waiting for GlaxoSmithKline to credit my CSCS account? Has anybody been credited?