Well, for what it's worth, i would not mind a South-African investment in Nigeria's fledgling defence industry. We can see there are many possible growth areas.

When the Saudis buy Denel, you can take part of that money and come invest in Nigeria.

Ground mobility, artillery and large guns, radio and communications, bombs and missiles are areas were we can get investment.

Henry240:


Thanks for the post. So in essence the Saudis want a large stake in Denel and also a part of Denel's 49% stake in RDM.

That's by no means a minority stake like Jln115 is claiming. That's a major take over if affairs.

Your claim of a 'large stake' is equally in the air as 'minority stake'. How do you know it won't be a minority stake? You are equally stabbing in the dark.

There is no heading in accounting which falls under "That's a major take over of affairs". It's purely based on percentages. So we'll see what happens by the end of December.

Nigerian Air Force

ssaengine:


Your claim of a 'large stake' is equally in the air as 'minority stake'. How do you know it won't be a minority stake? You are equally stabbing in the dark.

There is no heading in accounting which falls under "That's a major take over of affairs". It's purely based on percentages. So we'll see what happens by the end of December.

Let's keep sentiments and petty differences aside. It's in the body of the post you made.

The Saudis are making a major investment targeting all of Denel's business operations.

1 billion dollars is no small investment.

Henry240:

Let's keep sentiments and petty differences aside. It's in the body of the post you made.

The Saudis are making a major investment targeting all of Denel's business operations.

1 billion dollars is no small investment.

And you don't know what the breakdown of that investment is. You can't answer the basic question of how much Denel's 49% stake in RDM is worth, so you don't know what balance is left to partner in other Denel divisions.

So you saying the Saudis will take over Denel is just guess work. The investment might only be worth $700 million, but the Saudi's are desperate.... who knows. Add in the fact that South Africa might want to protect certain IP.

Best to wait for a time when actual deals are struck instead of guessing.

Henry240:

Say's who?

1 billion dollars can't be for a minority stake. With that figure, they'll fully control Denel.

"Because I say so"

They want to buy Denels 49% stake in RDM a Denel subsidiary.

Henry240:


Thanks for the post. So in essence the Saudis want a large stake in Denel and also a part of Denel's 49% stake in RDM.

That's by no means a minority stake like Jln115 is claiming. That's a major take over if affairs.

No, it is a minority stake in a subsidiary.

I would assume that an accountant would understand what subsidiaries and holding companies are. Also, sections 112, 113, 115, 120 and 121 of the Companies Act say: No

Henry240:
Well, for what it's worth, i would not mind a South-African investment in Nigeria's fledgling defence industry. We can see there are many possible growth areas.

When the Saudis buy Denel, you can take part of that money and come invest in Nigeria.

Ground mobility, artillery and large guns, radio and communications, bombs and missiles are areas were we can get investment.

Nigeria does not offer anything that Denel does not already do, and do better.

Henry240:

Let's keep sentiments and petty differences aside. It's in the body of the post you made.

The Saudis are making a major investment targeting all of Denel's business operations.

1 billion dollars is no small investment.

They are not targetting all of Denels business operations.

They are targeting RDM, Denel has a number of other subsidiaries.

Henry240:


Thanks for the post. So in essence the Saudis want a large stake in Denel and also a part of Denel's 49% stake in RDM.

That's by no means a minority stake like Jln115 is claiming. That's a major take over if affairs.

anything under 50% is minority stake bro.......

Henry240:

Say's who?

1 billion dollars can't be for a minority stake. With that figure, they'll fully control Denel.

To have full control you'll need a majority stake...... a majority stake is more than 50% otherwise it's just another investment/Joint venture ect ect

jln115:
anything under 50% is minority stake bro.......

No it’s not, if other stakeholders own less than you do, then you own a majority stake.

patches689:


Also, sections 112, 113, 115, 120 and 121 of the Companies Act say: No

This makes more sense

patches689:


They are not targetting all of Denels business operations.

They are targeting RDM, Denel has a number of other subsidiaries.

I'm looking forward to Denel being described as 'partly Saudi-owned defence company".


How i wish Augugust was still active here to see this happen.

xwolverine:


No it’s not, if other stakeholders own less than you do, then you own a majority stake.

Nope ,in terms of IFRS 10,11,12 and IAS28 you must have more than 50% to have a majority stake or in other words control of the company!

Although there are exceptions listed in IFRS 11 in terms of Joint arrangements.

Henry240:

I'm looking forward to Denel being described as 'partly Saudi-owned defence company".


How i wish Augugust was still active here to see this happen.

Partly Saudi, partly German, partly South African...don't forget that part. Imagine a defence company being partly owned by the world's 3rd largest buyer of defence equipment, how r-tarded is that .

Please fill us in on any news regarding anyone... literally anyone that's willing to have a stake in Nigeria's state owned defence company. I honestly forget its name, but I'm pretty sure its been around longer than Denel. Literally anyone, even if it's Fiji or Tonga....just keep us updated please .

ssaengine:


Partly Saudi, partly German, partly South African...don't forget that part. Imagine a defence company being partly owned by the world's 3rd largest buyer of defence equipment, how r-tarded is that .

Please fill us in on any news regarding anyone... literally anyone that's willing to have a stake in Nigeria's state owned defence company. I honestly forget its name, but I'm pretty sure its been around longer than Denel. Literally anyone, even if it's Fiji or Tonga....just keep us updated please .

We are not struggling to buy tissue papers.

So i can't fill anyone in.

Henry240:

We are not struggling to buy tissue papers.

So i can't fill anyone in.

Why would anyone want to buy a company that can't even buy tissue paper, for $1 billion no less . For real bro, what's the name of your state owned defence company? Okay okay fine...let's start at the basics, does it have a logo?

How old is it again? 40/50 years?

I'll stick with the 'no toilet paper company' for $1 billion thanks.

ssaengine:


Why would anyone want to buy a company that can't even buy tissue paper, for $1 billion no less . For real bro, what's the name of your state owned defence company? Okay okay fine...let's start at the basics, does it have a logo?

How old is it again? 40/50 years?

I'll stick with the 'no toilet paper company' for $1 billion thanks.

Also add Half salary for October and no Salary for November.



let's let sleeping dog lie.

Henry240:




Also add Half salary for October and no Salary for November.

Which equals more than annual salary for employees at your ghost state company . I'm beginning to doubt that company even exists.

Just the logo bro, that's all. Just the logo. Let's forget about the name. Post the logo .

Malian Special Forces

Algerian T-90 Main Battle Tank Firing

OPERATIONAL EFFECTIVENESS: NAF PROVIDES SPORTS COMPLEX FOR TROOPS IN MAIDUGURI

The current Nigerian Air Force (NAF) leadership under the Chief of the Air Staff (CAS), Air Marshal Sadique Baba Abubakar, considers physical fitness vital to maintaining mental fitness and reducing operational stress. Consequently, in order to ensure frontline troops maintain a high level of physical and mental alertness, the CAS has provided a Sports Complex at the 105 Composite Group Maiduguri, home of the Air Task Force of Operation Lafiya Dole. The Complex comprises a fully equipped gym as well as a mini-football pitch with AstroTurf and standard volleyball, basketball and handball/badminton courts. These recreational facilities have improved the welfare of the frontline troops, thereby enhancing effectiveness and efficiency of air operations in the North East.

IBIKUNLE DARAMOLA
Air Commodore
Director of Public Relations and Information
Nigerian Air Force

..

True or false?

Nigeria

South-African 61Mech Ratel IFV enroute to Angola during the Boer war.

South-African Special Forces Hornet Rapid Deployment Reconnaissance Vehicle (RDRV) Mk1 (AAD 2018)





https://www.youtube.com/watch?v=zZaqw0YBl-I

Who is that double agent who caught me in Reddit?


Show your self here, before i deploy Navy SBS to track you down?


I wanted to show that vehicle to a wider audience. Correct stereotypes you know? Besides i paid for that picture.

Henry240:
South-African 61Mech Ratel IFV enroute to Angola during the Boer war.

Border War

Henry240:
Nigerian Air Force

when did we get this helicopter? the colour is beautiful! not the usual camo

Henry240:

I'm looking forward to Denel being described as 'partly Saudi-owned defence company".


How i wish Augugust was still active here to see this happen.

Call it whatever you want.

Denel just got $1 billion to play with.

Is there a Nigerian company worth even $100 million?