valacious:

Please share with us Prof...who is behind these wheels..it gained 5% today...just as I predicted early this week..

5% should be 14.70. It closed above that 14.91

Zhirinovsky:
What happened in 2014?

The way it shot from 20s to 100s and 200s

Please when is forte oil right issue from equity coming up? Any idea please?

pluto09:


The cabal are back on duty again at their normal time

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...

To God be the glory. I see green in my afriprud at last! It is just the beginning for this wonderful company.

eazyway212:
Forte on full bid....I sold mine within a short time frame....nawa oo....I hope this is not wat happened in 2014

same thing that happened to me yesterday after selling Dangflour

robobo:


hello chief

or do the MM also sell to create exit door panic type

lollest
@ '' Jim had been shedding weight all day''
big man wahala

bears disguising as bulls
bulls disguising as bears
lollx

DeRuggedProf:


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...

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

Mpeace:
Is FBNH about to move again? Bids mounting

pls let it not move now until 2months time

holm:


5% should be 14.70. It closed above that 14.91

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..

valacious:
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..

Na now u come see wetin i saw some weeks ago...Dangote Sugar is the goldmine.....EXCELLENT RESULTS AND PROFITS.....

Transcorp is up nii....bought some today at 1.45. Now it is 1.49

fxuser:


lollest
@ '' Jim had been shedding weight all day''
big man wahala

No need for slimming belt

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)

conoil has one of the best result dis Q2.

SIR Itendy hope all is well ?

Tritri:
conoil has one of the best result dis Q2.

Is this sarcasm

mendes911:


Is this sarcasm

Savage!!

Tritri:
conoil has one of the best result dis Q2.

Hope bear will not revisit the stock again

mendes911:


Is this sarcasm

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.

Tritri:


Ofcourse ...Even Oando and FO did better i might buy if it get to 18 naira....it was even on full offer before.

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.....

This is obviously not the season for oil companies. Subsidy removal dealth them a blow.

Tritri:


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.

On a closure note, if you discount other operating income of H2-2016, they did better this year.

mendes911:


On a closure note, if you discount other operating income of H2-2016, they did better this year.

Can we bet it wount go below 30 naira? Look at fcmb ..refuse to drop below 1.19

ukay2:
http://nse.com.ng/Financial_NewsDocs/19302_CONOIL_PLC_-_HALF_YR_JUNE_2017_FINANCIAL_STATEMENTS_AUGUST_2017.pdf

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.

stcool:



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.

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.

PharmAlfred:


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.

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.

Pls who knows when forte oil right issue might come up? help pls

PharmAlfred:
This is obviously not the season for oil companies. Subsidy removal dealth them a blow.

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.