"The stock market is like an unending race with plenty of obstacles and more 'virtual than real spectators' running with u.
...but along the way, it ALWAYS rewards those who 'can see through the other side of those obstacles' and run it WITHOUT tiring out."
~Sinclair

A very Good Morning to everyone in the house.
...this is wishing us a success driven day ahead !!

Cheers.

TradeInvestGal:


Sir Ogg pls u still haven't replied to the mail I sent u yesterday.
I have goten the necessary details from that oga. do reply me. pls help a sister. Thank u sir.

...Replied.

KingDTee:


God bless u abundantly my brother!!!
Seen C&I LEASING at N2.99 this morning, I now understand why u asked me not to sell my holding then. Imagine I would've made far more profit. Well, at least I still made some very decent profit. all thanks to u sir.

Pls I just sent u a mail. would appreciate ur kind response. thank u one small!!!

...and bless u too Sir King.
will check on ur mail and reply later.

Between, dont worry. ...Opportunities abound in the market.
More will come !! ...just ensure that ur mindset is prepared to receive it before then.
Remember that SUCCESS usually happens when an arriving OPPORTUNITY meets an already PREPARED mind !!

NobodyKnows:
Please I need help
I think need some explanation.
I’ve noticed people are always buying and selling stocks at prices that are far less than the quoted price .
I really don’t understand why they are doing that
And again , how do you people analyse the results? I always get headache when trying to check those things . Figures everywhere.

I have a good book that will provide you with a good foundation in analysing company results which you can build upon as you read further.

It's written in such a way that anybody even if you have never seen a financial report in your life can not only read and understand but begin to do routine analysis of financial reports.

If you are interested just shoot me an email and I will forward it to you free.

NOTE: Folks SHOULD keep a keen EYE on MAY & BAKER !!
...and if ur already in it, I'll suggest u HOLD.
Just a suggestion.

DISCLAIMER: Not a BUY recommendation !!

Yayira:


I no know when you learn this nonsense, this bad habits ?
Mpeace when? When you join this association of gossip men on this forum ?
Smh

Apologies. But de thing vex me sha.

Yayira:


I no know when you learn this nonsense, this bad habits ?
Mpeace when? When you join this association of gossip men on this forum ?
Smh

Stone sighted...!
Target.....Oga Mpeace...

Zenith.... Are you going to set a new record today? 52 weeks low loading.

Yayira:


I no know when you learn this nonsense, this bad habits ?
Mpeace when? When you join this association of gossip men on this forum ?
Smh

@ Yayira pls try to pay less attention to MINOT matters.
Am sure u should understand why. ...this things happen.

Let me tell u what I learnt from an old man recently;
He said: Sinclair, in the midst of every situation, ALWAYS remember that it takes more than one person to make an argument BUT more than ur person, to deter ur goals.
...and when I asked what he meant, he said: when u pay LESS attention to arguments that are not in line with ur vision, then ur mission will remain INTACT.

For some folks, u can't change the way they think. ...peoples attitude will tend to always reflect the way they perceive things.
They live on the lifeless assumption that someone else is me. But anyone is free to assume things in their head.
...for as long as its done without a recourse to insult or ridicule, it DOESN'T bother me at all.
When ur conscious is clear, ur MINDSET will be well ALIGNED.
My FOCUS here is to grow my investment portfolio, improve on my financial know-how and help as many as I can in that line.
...every other thing is inconsequential !!

Mpeace:
Apologies. But de thing vex me sha.

Apologies? Wetin you do?
I no know say dem dey come house come beat person for here now o.

When Forte oil sells the subsidiaries... Amperion power, FUS and Ghana APOG....
1. Will the non controlling interest remain the same?
2. Is there any knowledge as to what these funds will be used for?
3. How does Dangote refinery affect the new Forte oil produced from this spinoff?


Cc... Wanajo, Pluto09, MH, MPeace, Mendes

NobodyKnows:
Lol Just kidding

Lol.

currentprice:
if only AIICO can be trusted. the latest result gave fairprice of N2.60 the best on nse in term of numbers but bad management

though the result might be window dressing to achieve their objective on the right issue

You sabi well well! Price need to move to justify the N1.20 private placement. I expect the private placement money to vanish same way the PO money vanished crica 2007

phemmie06:

Hope the can was not passed to you?

Toh, see my life outside.

Mcy56:

Apologies? Wetin you do?
I no know say dem dey come house come beat person for here now o.

Lol. Me wey dey sambisa.

wanaj0:


You sabi well well! Price need to move to justify the N1.20 private placement. I expect the private placement money to vanish same way the PO money vanished crica 2007

Price not moving well at the moment. 83kobo and falling. I did see it as a pump and dump thing. I know for sure that they will now present a fantastic q3 to raise the price.
Most private placements are done at premium, so infact, they didn't even value their company above 1.20

swilo:
When Forte oil sells the subsidiaries... Amperion power, FUS and Ghana APOG....
1. Will the non controlling interest remain the same?
2. Is there any knowledge as to what these funds will be used for?
3. How does Dangote refinery affect the new Forte oil produced from this spinoff?


Cc... Wanajo, Pluto09, MH, MPeace, Mendes

Below is the little I can say. My oga's can add more or point out any correction.

1. Will the non controlling interest remain the same?
It will not remain the same depending on how much of their share is diversified in those subsidiaries (Total or partial diversification). You should also note that the more they diversify (away from the subsidiary), the lesser the NCI effect and also the lesser the income from those diversified/discontinued operations.

2. Is there any knowledge as to what these funds will be used for?
Their only commitment so far are expansion of downstream fuel distribution and further investment in storage infrastructure.

3. How does Dangote refinery affect the new Forte oil produced from this spinoff?
There's yet no confirmation on what the "new" Forte Oil will be, I don't see any difference though except that this move will free up cash for the company (cash that might rightly be re-invested or squandered). Unless Dangote decides to use FO as sole distributor of his products, one cannot say for sure what the friendship between Dangote and Femi will fetch FO, there's no clarity yet.

wanaj0:


You sabi well well! Price need to move to justify the N1.20 private placement. I expect the private placement money to vanish same way the PO money vanished crica 2007

Chief, are you saying interested parties should wait at 20k junction?

Mpeace:
Lol. Me wey dey sambisa.

You dey sambisa dey talk your opinion, you come dey beg again. You don forget say you no dey class ni?
You for just invite anybody to come there come beat you na, make we see if dem fit go.

The questions to really ask are:

1. How did these subsidiaries impact on the performances of FO when they were subsidiaries?
2. What gains will these subsidiaries bring to the table now that they will be sold?
3. What cash proceeds will the disposals bring to the cash inflow of FO?

My take:

A number of listed companies are always not truthful about the gains on disposal accruing to the business they mostly manage. Some will declare that they sold at loss and meanwhile they have found a way of depressing the assets and magnifying the liabilities of such subsidiaries.
It will be interesting to note how much of FO debts have gone into financing its subsidiaries and how much of those debts FO will eventually have to bear.
I am excited about Mr Otedola's hobnobbing with Dangote and would have loaded FO seriously but you never can tell how the mind of these rich men works. Mr Otedola may decide to float a new company that will benefit most from this Refinery arrangement and trust me, it is FO marketing network that they will still want to use. Like the name of one of our Oga here: They are all AGBALOWOMERI.

Should one buy FO or not. I do not know. But it would not be a bad idea to get AFOLABI units in FO. Some foreign guys bought at close to N300 per share. Buying at N20 may not be bad.

swilo:
When Forte oil sells the subsidiaries... Amperion power, FUS and Ghana APOG....
1. Will the non controlling interest remain the same?
2. Is there any knowledge as to what these funds will be used for?
3. How does Dangote refinery affect the new Forte oil produced from this spinoff?


Cc... Wanajo, Pluto09, MH, MPeace, Mendes

Mcy56:

Apologies? Wetin you do?
I no know say dem dey come house come beat person for here now o.

I don’t expect you to see anything wrong in his post or their post because you are an a.s.s licker and a dunce.

Bye !

rebekah2011:
The questions to really ask are:

1. How did these subsidiaries impact on the performances of FO when they were subsidiaries?
2. What gains will these subsidiaries bring to the table now that they will be sold?
3. What cash proceeds will the disposals bring to the cash inflow of FO?

My take:

A number of listed companies are always not truthful about the gains on disposal accruing to the business they mostly manage. Some will declare that they sold at loss and meanwhile they have found a way of depressing the assets and magnifying the liabilities of such subsidiaries.
It will be interesting to note how much of FO debts have gone into financing its subsidiaries and how much of those debts FO will eventually have to bear.
I am excited about Mr Otedola's hobnobbing with Dangote and would have loaded FO seriously but you never can tell how the mind of these rich men works. Mr Otedola may decide to float a new company that will benefit most from this Refinery arrangement and trust me, it is FO marketing network that they will still want to use. Like the name of one of our Oga here: They are all AGBALOWOMERI.

Should one buy FO or not. I do not know. But it would not be a bad idea to get AFOLABI units in FO. Some foreign guys bought at close to N300 per share. Buying at N20 may not be bad.

That is my planned exit price

Agbalowomeri:


That is my planned exit price

After buying at N7. LOL. Grave robber.

Yayira:


I don’t expect you to see anything wrong in his post or their post because you are an a.s.s licker and a dunce.

Bye !

You don dey on ovulation again
Come home you no gree
Let expert hands manage those hormones

I am interested but it was difficult sending you mail.

Thanks .

Infinitisi:


I have a good book that will provide you with a good foundation in analysing company results which you can build upon as you read further.

It's written in such a way that anybody even if you have never seen a financial report in your life can not only read and understand but begin to do routine analysis of financial reports.

If you are interested just shoot me an email and I will forward it to you free.

It will be interesting if it gets to N10/N15

Agbalowomeri:


That is my planned exit price

onegentleguy:
NOTE: Folks SHOULD keep a keen EYE on MAY & BAKER !!
...and if ur already in it, I'll suggest u HOLD.
Just a suggestion.

DISCLAIMER: Not a BUY recommendation !!

another nugget
- profitability jumped massively in q1/q2 , (d headache of dis givt is good biz for healthcare)
- they also hv a right issue at N2.50 wh just closed .

Yayira:


I don’t expect you to see anything wrong in his post or their post because you are an a.s.s licker and a dunce.

Bye !

So unnecessary. We don't have to use insults.

swilo:
When Forte oil sells the subsidiaries... Amperion power, FUS and Ghana APOG....
1. Will the non controlling interest remain the same?
2. Is there any knowledge as to what these funds will be used for?
3. How does Dangote refinery affect the new Forte oil produced from this spinoff?


Cc... Wanajo, Pluto09, MH, MPeace, Mendes

This may help:
https://www.proshareng.com/news/Stock%20&%20Analyst%20Updates/Forte-Oil-Plc--Will-Planned-Divestment-Unlock-Value-/41648

Summary
''Therefore, on our revised numbers, we now have a blended FVE of N34.35 (vs N61.44 in previous communication) using a blend of DCF and Residual Income with respective weights at 50% each. Relative to last closing price, this translates to 58.3% premium and a BUY rating on the shares. The company currently trades at a forward P/E of 5.37x which is at a discount to peer average of 7.54x. ''


#fallingKnife

onegentleguy:
NOTE: Folks SHOULD keep a keen EYE on MAY & BAKER !!
...and if ur already in it, I'll suggest u HOLD.
Just a suggestion.

DISCLAIMER: Not a BUY recommendation !!

At the risk of inviting the monkey hunter label, I'll say I have been having a premonition that M & B could cut loose soon.

KingDTee:


So sad I sold my huge holding in the stock against Sir OGGs advise.
Though he was still the one that advised me to buy after revealing it in a different investment platform back then. Bought at N1.48 and sold in trenches at N1.90 to N1.97. I still made some heavy profit though. looking back, I have a mixed feeling of Joy and some bit of regret. This market can make one some great profit when ur in the know.

nice one
be at peace with any outcome