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Re: Nigerian Stock Exchange Market Pick Alerts by holm: 2:41pm On Aug 04, 2017 |
valacious: 5% should be 14.70. It closed above that 14.91 |
Re: Nigerian Stock Exchange Market Pick Alerts by eazyway212: 2:47pm On Aug 04, 2017 |
Zhirinovsky:The way it shot from 20s to 100s and 200s |
Re: Nigerian Stock Exchange Market Pick Alerts by eazyway212: 2:47pm On Aug 04, 2017 |
Please when is forte oil right issue from equity coming up? Any idea please? |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 2:50pm On Aug 04, 2017 |
pluto09: Someone has kept funds more than the entire capitalization of this stock to make sure no unit escapes.... We know who has that kind of cash... 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Toluway: 2:52pm On Aug 04, 2017 |
To God be the glory. I see green in my afriprud at last! It is just the beginning for this wonderful company. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 3:06pm On Aug 04, 2017 |
eazyway212:same thing that happened to me yesterday after selling Dangflour |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 3:12pm On Aug 04, 2017 |
robobo: lollest @ '' Jim had been shedding weight all day'' big man wahala |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 3:16pm On Aug 04, 2017 |
bears disguising as bulls bulls disguising as bears lollx |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 3:17pm On Aug 04, 2017 |
DeRuggedProf: I don't waste my energy in trying to fight those cabals. The best i can do is to position myself to benefit from their act and manipulation 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 3:19pm On Aug 04, 2017 |
Mpeace:pls let it not move now until 2months time 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 3:27pm On Aug 04, 2017 |
holm: |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 3:37pm On Aug 04, 2017 |
My opinion--hold tight to your dangotesugar..they are almost a monopoly in Nigeria, and with this new MOU signed with the Federal govt..we may be in for another May and Baker, just that in this case, the company has excellent result to justify the price. My fair price is N21 with this result.. |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 3:46pm On Aug 04, 2017 |
valacious: Na now u come see wetin i saw some weeks ago...Dangote Sugar is the goldmine.....EXCELLENT RESULTS AND PROFITS..... |
Re: Nigerian Stock Exchange Market Pick Alerts by eazyway212: 4:06pm On Aug 04, 2017 |
Transcorp is up nii....bought some today at 1.45. Now it is 1.49 |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 4:10pm On Aug 04, 2017 |
fxuser: No need for slimming belt |
Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 4:28pm On Aug 04, 2017 |
Guinness Nigeria targets volume market to revive profits By Chijioke Ohuocha LAGOS, Aug 2 (Reuters) - Brewer Guinness Nigeria is shifting its focus from premium brands to the "lower end" volume market in order to boost sales and revive profits, it said in its rights issue share offer prospectus. The Nigerian subsidiary of Diageo is looking to raise 39.7 billion naira ($109 mln) to help reduce its now expensive dollar-denominated debt and to support its volume growth strategy in the face of a recession in Africa's biggest economy. Diageo, which owns 54 percent of the company, is supporting the cash call by converting into equity part of a dollar-denominated loan which it granted Guinness Nigeria at the peak of Nigeria's currency crisis. The company said shareholders can buy five new shares for every 11 held at 58 naira a share, a 17 percent discount on Wednesday's market price of 69.87 naira. "Given the economic recession in Nigeria ... the company plans to deepen its participation in the value beer segment and increase beer product offerings in the lower end of the market," Guinness Nigeria said in the share sale prospectus. Africa's second largest beer market after South Africa is dominated by multinational brewers, with Guinness saying the market was growing at 7 percent a year in 2015 when 22 million hectolitres of beer was consumed. But it said market growth has slowed over the last two years as a result of the weak economy and declining consumer income with growth now forecast to be running at 5.6 percent a year. Guinnness, which hitherto has concentrated on the premium beer and malt sector of the market, reported in April that it made a loss of 2.46 billion naira in the nine months to end-March. As a result it now wants to increase local sourcing of raw materials, boost its distribution network and has made significant investments to increase its brewing capacity. It will also explore exports to Britain and South Africa. "In order to reverse the recent losses by Guinness Nigeria ... the company has reduced prices to grow volumes and ... broadened its product portfolio to meet shifting consumer preferences," it said in the prospectus. Guinness Nigeria's share price is down nearly 20 percent this year after falling 31 percent last year. ($1 = 364.50 naira) (Editing by Greg Mahlich) |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 4:37pm On Aug 04, 2017 |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:42pm On Aug 04, 2017 |
conoil has one of the best result dis Q2. |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 4:52pm On Aug 04, 2017 |
SIR Itendy hope all is well ? |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 4:57pm On Aug 04, 2017 |
Tritri: Is this sarcasm 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by stokfrick: 5:03pm On Aug 04, 2017 |
mendes911:Savage!! |
Re: Nigerian Stock Exchange Market Pick Alerts by Stockbiz: 5:05pm On Aug 04, 2017 |
Tritri: Hope bear will not revisit the stock again 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:11pm On Aug 04, 2017 |
mendes911: Ofcourse ...Even Oando and FO did better i might buy if it get to 18 naira....it was even on full offer before. where is that lady asking why conoil hasn't moved...dis is to tell u some people knew dis and dumping. |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 5:18pm On Aug 04, 2017 |
Tritri: I know you were indirectly yabbing the stock. Now we understand why it remained stagnant. But depending on who controls what, bears might not take over by next week. NSE is a wonderland..... 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 5:18pm On Aug 04, 2017 |
This is obviously not the season for oil companies. Subsidy removal dealth them a blow. |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 5:20pm On Aug 04, 2017 |
Tritri: On a closure note, if you discount other operating income of H2-2016, they did better this year. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:22pm On Aug 04, 2017 |
mendes911: Can we bet it wount go below 30 naira? Look at fcmb ..refuse to drop below 1.19 |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:31pm On Aug 04, 2017 |
ukay2: Growth in revenue, Compared to others in this sector ConOil is better....BUT Profit (EPS) affected by decline in other operating income Pg 23 . A bulk of profit for last year 2016 came from Interest on delayed subsidy payment (H1 2016 - N1,905,104,000; H1 2017 - N0.00) 2016 YEAR END Profit from Interest on delayed subsidy payment - N1,905,104,000 PROJECTED 2017 YEAR END Profit from Interest on delayed subsidy payment - N0.00 Assuming status Quo is maintained for 2016: 2016 Year end profit - N2,837,884,000 Forward 2017 Year end Profit = 2016 profit - Interest on delayed subsidy payment ( N2,837,884,000 - N1,905,104,000) = N932,780,000 Outstanding Ordinary shares - 693,952,117 Projected 2017 EPS - N932,780,000 / 693,952,117 = N1.35 The poor EPS should put pressure on the stock to the downside. Don't expect much here. Not a good year for downstream petroleum Biz. I am fully loaded here, and would buy more at a good low price based on my projections. If them go sell. Do your DD. If you no get mind leave ConOil for Us. I have my own reason for holding this stock Long term. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 5:45pm On Aug 04, 2017 |
stcool: I admire your Faith in the company but the truth is, downstream isn't huge as it use to be. The company needs to think of diversifying. Going forward; what do you think the company needs to do to improve share holders earning. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:49pm On Aug 04, 2017 |
PharmAlfred: This is a major concern for me. If the AGM was in Lagos that is one question I would have loved to ask. I don't know why all the way to AK Ibom. |
Re: Nigerian Stock Exchange Market Pick Alerts by eazyway212: 5:54pm On Aug 04, 2017 |
Pls who knows when forte oil right issue might come up? help pls |
Re: Nigerian Stock Exchange Market Pick Alerts by holm: 5:57pm On Aug 04, 2017 |
PharmAlfred: Nah, when subsidy was truly removed, Oil companies in downstream sector made good profit (Q2-Q3 2016). But when govt, in bed with CBN, brought subsidy back through the back door(like clowns) via "forex subsidy" and NNPC assumed about 100% importation of Petrol, yawa gas for all of them. |
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