Is anyone seeying the shakeout in FO...

pluto09:


Yes, good result relative to its price.
I notice a big jump in distribution and administrative expenses which a major concern.
Those who are in should also keep an eye on the price of wheat at the international market. If wheat price continues its upward trajetory into the 2nd half of the year,the possibility of a slow down in profit cannot be ruled out.

Thanks a million!

stcool:


In NSE I can't Vouch for any company.

So far results released by Dangflour has shown continued improvement hence my submission. We don't know what the future holds but can only speculate based on what we have (released results).

pluto09:


Yes, good result relative to its price.
I notice a big jump in distribution and administrative expenses which a major concern.
Those who are in should also keep an eye on the price of wheat at the international market. If wheat price continues its upward trajetory into the 2nd half of the year,the possibility of a slow down in profit cannot be ruled out.

Might just be expenses from the Kano factory that was recently opened.

Coolcash1:


Don't blame @tritri it's not easy to resist such temptation. But like @holns said one just need to focus on the business model itself and not price action...yours truly almost reduce my portfolio by 50% if not that I had to revisit the school of patience...

Yeah, I read one of his mentions where he said he could have sold at N5.50 but that time the result wasnt yet out. Is it now that the result is out that he would now sold to queue up again? That's why I said the decision is his entirely to take.

@Loco, not saying you shouldnt caution but the advice just look a bit odd. I leave him to decide on what he does with his holdings.

pluto09:


Yes, good result relative to its price.
I notice a big jump in distribution and administrative expenses which a major concern.
Those who are in should also keep an eye on the price of wheat at the international market. If wheat price continues its upward trajetory into the 2nd half of the year,the possibility of a slow down in profit cannot be ruled out.

...thumb up! What a correlation.

Manonamission:


So far results released by Dangflour has shown continued improvement hence my submission. We don't know what the future holds but can only speculate based on what we have (released results).

That said...let everyone hold unto their shares until you hit your price target, if you have any. I think anyone going into any stock should be prepared for any direction - positive or negative.

I always say don't make decisions alone, based on what people talk here. Everyone wants to buy low and sell high.

holm:


Might just be expenses from the Kano factory that was recently opened.

Will read through all the notes later, may be an explanation could be found in the report. Yes your suggestion could be right.

DeRuggedProf:


Thanks a million!

You are welcomed

BullBearMkt:

...thumb up! What a correlation.

You are good at what you are doing, thanks for the pictoral evidence!

BullBearMkt:
...nice piece @PETERiCHY

That is peterichy and mother .

What happened in M&B have they seen result. Opened with a Gap...All offer cleared
Bus don full...

FLOUR MILLS OF NIGERIA PLC Closure of Register For Year Ended 31 March 2017
Proposed Dividend 100 Kobo per share
Proposed Bonus Nil
Closure Date 7th August - 11th August 2017
AGM Date 6th September 2017
Payment Date 12th September 2017
AGM Venue Eko Hotel & Suites, Victoria Island Lagos at 12.00 noon

A good business model would have edged against this price of wheat for almost one year or more. If price of wheat goes up so the price of flour. This is few manufacturer market in Nigeria. They can easily manipulate price. We buy bread at N400 per loaf what we used to buy N200 or N250 all because of untimely government policy. FX soucing is better now and price still remains high. The margin is abnormal profit.

Flour mill
Honey well
dangote Flour

Are set to do well. The environment is their's for now.

i just love some stocks. they know how to make a 'familiar investor' rich within a short period in a recycled form

BullBearMkt:

...thumb up! What a correlation.

The correlation is impeccable.

sellydion:

A good business model would have edged against this price of wheat for almost one year or more. If price of wheat goes up so the price of flour. This is few manufacturer market in Nigeria. They can easily manipulate price. We buy bread at N400 per loaf what we used to buy N200 or N250 all because of untimely government policy. FX soucing is better now and price still remains high. The margin is abnormal profit.

Flour mill
Honey well
dangote Flour

Are set to do well. The environment is their's for now.

Exactly, see what Seplat did to hedge price volatility H2 2017.

http://www.nse.com.ng/Financial_NewsDocs/18994_SEPLAT_-_HALF-YEAR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

Hedging
"The Company had in place dated Brent puts covering a volume of 1.99 MMbbls over H1 2017 at a strike price of US$47.0/bbl
resulting in a realised hedging loss of US$10 million in the period. Over H2 2017 the Company has in place dated Brent puts
covering a volume of 1.70 MMbbls at a strike price of US$50.0/bbl. The board and management continue to closely monitor
prevailing oil market dynamics, and will consider further measures to provide appropriate levels of cash flow assurance in
times of oil price weakness and volatility. "

Don't know if Oando would learn from it

Tritri:



What going on in FO??

the professionals will accept your exit fare at 61.75 and no more for today !

fxuser:


the professionals will accept your exit fare at 61.75 and no more for today !

Are you sure the result is not seen yet ?

One sweet Interim dividend this week would spice up this market...

UBA result + interim would be better as a catalyst!

If the market is rational, Dangflour should at least touch #9 this year. The result should be the best for companies in the same industry. I believe the market will revalue it the moment they pay dividend.

Don't take my word for it. Pls ask your financial advisor

Meanwhile, the chase for Conoil just started.. Who is chasing here?

Mpeace:
What makes you think its fair price is N11, the esp is just 1naira 15kobo.

It is still a long journey to =N=11.00.

No major news till year end again..there will still be pull back along the journey if this even reach the price

Sold 50% of my holdings in DF...

Market waiting on NB & Nestle Interim to lead the way.

PharmAlfred:
If the market is rational, Dangflour should at least touch #9 this year. The result should be the best for companies in the same industry. I believe the market will revalue it the moment they pay dividend.

Don't take my word for it. Pls ask your financial advisor

Meanwhile, the chase for Conoil just started.. Who is chasing here?

The market does not have to be rational, smart investors make good money from the irrationality of the market.

is May and Baker ok at 3.40?

After the initial gragra the Dangote Flour dumping is now getting real.

valacious:
is May and Baker ok at 3.40?

This is my Gold Mine....Target Exit N6-(N10 - Hopefully)

See the healthy competition between Fidson & M&B

GTB !!

Gt 40, fbn 5.97... diff clear

lancee:
GTB !!

Gt 40, fbn 5.97... diff clear

ASI holding unto gains strongly.

stcool:


This is my Gold Mine....Target Exit N6-(N10 - Hopefully)

See the healthy competition between Fidson & M&B

Oga, they might take your sarcasm serious.