Nigerian Stock Exchange Market Pick Alerts - Investment (4511) - Nairaland
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| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 3:57pm On Apr 23, 2019 |
Recently i made mention of reentrance of the indians to the Nigerian market with respect to sterling bank,now they are being speculated to be the driving force for the unannouced bull that DFM is seeing at the moment. Who is OLAM? What is their capabilities? About Olam International Ltd Olam International Limited is an international integrated supplier of both raw and processed agricultural commodities. The Group sources, processes, stores, transports, ships, distributes, trades and markets agricultural products. Olam International also provides insurance related services. https://www.olamonline.com/ https://www.bloomberg.com/news/articles/2019-04-23/olam-offers-to-buy-nigeria-s-dangote-flour-amid-strategy-shift this company is incorporated in SINGAPORE They may have a view of expanding their export dominated business they exports agricultural products to the middle east and the indian sub continent if they take over DFM,their target market might not be the local market Rather, Saudi Arabia,qatar,uae, bahrain,brunel,jqapan etc they are the master when it comes to grain business bloomberg reports recently that OLAM is selling 20% of their grain biz to mitsubishi i dont think there is a company in the agric sector in NIGERIA that can challenge them financially With the look of things,its a worthy risk to accumulate at market price before the end of april the sentimental truth id that the equity market in the Nigeria bourse are markedly depressed due to lack of foreign portfolio investors once the NYSE, THE EMERGING MARKETS GET TO A SATURATION KINETIC,THE MONEY WILL FIND ITS WAY BACK TO THE DEPRESSED ECONOMY LIKE NIGERIA |
| Re: Nigerian Stock Exchange Market Pick Alerts by maslong(m): 3:59pm On Apr 23, 2019 |
gamaliel9: please when is fide turn. |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:02pm On Apr 23, 2019 |
Deadlytruth: Lolz.. irony! Since bubu (bull) don’t want to come and make people smile, let mergers and acquisitions be putting smiles on our face  |
| Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 4:05pm On Apr 23, 2019 |
It is temporary my brother. I hope they will understand when to bail out. Deadlytruth: |
| Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 4:07pm On Apr 23, 2019 |
robobo: True in some sense. ...but these processes(should they play out) will most likely create an uprising in its share price to allow for their manifestation. Again, FLOURMILLS is a buy @ current price levels. NOTE: Do well to read thru my signature below. |
| Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 4:17pm On Apr 23, 2019 |
The way Market will rush Flourmill tomorrow...nse will not kee me Many oga's done ready their account Reality is if DF is going to N26...Flourmills is going to N30-N40 I am going into Flourmill tomorrow with full force, note I don't have any shares in Flourmill so I don't want to hear you deceived newbies to buy. We would all keep bidding until we buy
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| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:28pm On Apr 23, 2019 |
rebekah2011: Sir, things like this don’t happen often.. if you are lucky and a stock you own is being priced the double of what it’s trading, you have to ride till you orgasm, ejaculate, climax.. no bailing out til your money wey dem wan pay you complete.. this na pure winner, let it run.. Mistake I made with my diamond shares.. missing extra 50% @ access current price |
| Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 4:30pm On Apr 23, 2019 |
Deadlytruth:I have been looking for the next sick company to buy, if you see one before me please let me know . My mind is telling me that FO will still do a little trick in a short while, but the time to jump inside the bus is when I cannot say for now. |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:39pm On Apr 23, 2019 |
Olam International submits binding offer to acquire Dangote Flour Mills Plc in Nigeria Press release 23rd Apr, 2019 Singapore NGN 130 billion (US$ 361 million) transaction for 100% equity ownership Complementary flour and pasta manufacturing capabilities would serve consumer demand for bakery, snacks and pasta products Deal subject to shareholder and regulatory approvals Global food and agri-business Olam International (Olam or the Company) has submitted a binding offer to acquire 100% equity ownership of Dangote Flour Mills Plc (DFM), a leading flour and pasta manufacturer in Nigeria, for an enterprise value of NGN 130 billion (approximately US$ 361 million) on a debt free, cash free basis. The proposed transaction would include DFM’s five strategically located facilities engaged in flour and pasta manufacturing, as well as its logistics capabilities including access to the ports of Apapa and Calabar. This acquisition is part of Olam’s strategy to strengthen its portfolio by investing in proven businesses where it has consistently performed and gained market leading positions. “The acquisition of DFM supports the strategy of the Grain and Animal Feed business, one of Olam’s prioritised platforms for growth, to expand our wheat milling capacity in high-growth markets, such as Nigeria,” said K.C. Suresh, Managing Director and CEO of Olam Grains and Animal Feed. “We are confident about the growth prospects in this country and this acquisition, doubling our installed capacity here, is evidence of our long-term commitment to the Nigerian economy. “Since 2010, when we first acquired Crown Flour Mills in Nigeria, Olam has invested in and grown a world class wheat milling franchise with a strong regional footprint across four countries in Sub-Saharan Africa. Bringing together Olam and DFM would provide enhanced manufacturing capacity and create synergies with our existing business to deliver improved products to meet customers’ needs in the market,” he added. The demand for high-quality flour is expected to continue to grow, driven by increased consumption of convenient and affordable wheat-based products, such as bakery, snacks and pasta, which are popular amongst many Nigerian consumers. Olam’s and DFM’s complementary manufacturing footprint would allow a broader reach across the Nigerian population. Olam will further leverage its strengths and scale in global sourcing, freight, risk management and operational excellence to deliver operational and cost efficiencies which in turn would deliver higher value to the Nigerian consumers by supplying them food staples manufactured in Nigeria, at a lower cost. The proposed transaction would mean Olam acquiring all the outstanding and issued shares of DFM that it does not currently own through a Scheme of Arrangement. As per the offer terms, the final equity price per share payable to shareholders will be arrived at after adjusting for relevant net debt and net working capital of DFM. The transaction is subject to, amongst others, the approval of DFM’s shareholders, regulatory approvals, the sanction of the Federal High Court of Nigeria, as well as the absence of a material adverse change in DFM. Upon satisfactory fulfilment of the conditions, DFM would be delisted from the Nigerian Stock Exchange (NSE). https://www.olamgroup.com/content/dam/olamgroup/news-press-releases/press-release-pdfs/23Apr2019_Dangote%20Flour%20Mills_News%20Release.pdf 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 4:42pm On Apr 23, 2019 |
stcool: DD advised... Flour biz in Nigeria is a battle between the Greeks & Indians. 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 4:44pm On Apr 23, 2019 |
You May Consider Buying These Stocks This Week https://businesspost.ng/2019/04/23/you-may-consider-buying-these-stocks-this-week/ Olams Offers to Acquire Dangote Flour for N130bn https://businesspost.ng/2019/04/23/olam-offers-to-acquire-dangote-flour-for-n130bn/ Zenith Bank Redeems $500m Eurobond From Cash Reserves https://businesspost.ng/2019/04/23/zenith-bank-redeems-500m-eurobond-from-cash-reserves/ |
| Re: Nigerian Stock Exchange Market Pick Alerts by RealityShot: 4:48pm On Apr 23, 2019 |
dipoolowoo:Dangote wants to push this yeye company by all means... |
| Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 4:49pm On Apr 23, 2019 |
stcool: Due diligence is advised. I rushed into Eterna, Mobil & Total after NIPCO bought Mobil at >N400 per share. The logic then was that the market would see their shares as more valuable given the NIPCO paid >N400 per share for a stock that was trading ~N175 per share. I lost money on Total & Mobil and gained marginally on Eterna. The market has a mind of its own. 4 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 4:50pm On Apr 23, 2019 |
dipoolowoo: The way meristem put a buy on almost everything in that table you will think we are in a serious Bull season... |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:52pm On Apr 23, 2019 |
kolaish:look no further japaulllllllllllllllllll! 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:02pm On Apr 23, 2019 |
Yayira: kolaish: NSE When you see stock price of a company that has not be performing well rising, it is either e won make you rich or make you poor.. the ball is in your court! Case of Skye vs Diamond and Dangote Flour.. Now I know why DF price was rising... people with fisthand info were buying and TA sighted them.. BBM, Sir, I comot cap for you.. you gave DF a solid buy @ 6.60 !! I don’t have DF but I’m happy for everyone that is in this bus.. if NSE no poo this year e go vomit 4 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:04pm On Apr 23, 2019 |
DOLLARTEX:@kolash.....the most incapacitated,really sick and in ICU in Nigeria is wapco aka lafarage every 6 months right issues go for this company since you are looking for a sick company....lol Dangote cement might just absorbed them by 2020/21, as rightly said,Alhaji detests competition he might just do them the OLAM ...distress seller,bargain buyer 5 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:09pm On Apr 23, 2019 |
Godlylifeoneart: You are not far from the truth... But this one fit reach 2023 but it is bound to happen someday. This money Aliko is going to cash out is certainly going into somewhere! Meanwhile the last biz Oga will sell is his Sugar business. Aboki no dey use sugar play normally! 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:19pm On Apr 23, 2019 |
Godlylifeoneart: 2 Likes
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| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:20pm On Apr 23, 2019 |
Abeg who go buy transcorp oo e don too range |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:21pm On Apr 23, 2019 |
Godlylifeoneart:lol,this company might surrender by then. 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:24pm On Apr 23, 2019 |
DOLLARTEX: 69 million units today.. e won make people poor or rich ? |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:27pm On Apr 23, 2019 |
Yayira:what is holding transcorp is beyond physical abeg,1.17-1.18 for weeks even when the bids are pilling! loco do something now. |
| Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 5:31pm On Apr 23, 2019 |
that company is cursed let guinea insurance buy them off abeg Yayira: |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:32pm On Apr 23, 2019 |
Yayira:you saw the volume too?and it did 10%.temptation. |
| Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 5:38pm On Apr 23, 2019 |
kolaish:It seems our minds are connected. Just this morning at about 4:30, I was studying the daily volume of FO for the past 14 trading days to see if it is showing signs of a miracle on the way. There is a cummulative percentage of drop it would record after some few consecutive days and then it would be time for one to take a dive. Though I pray it happens after I will have carried my loot out of CHAMS so that I can use it for the FO diving. NSE has become like a school in which students don't read for exams but wait for expos and miracles to pass. 5 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:41pm On Apr 23, 2019 |
[quote author=Yayira post=77793100][/q MADAM YAYIRA, THE BEAUTIFUL GHANIAN DAMSEL I HAIL OOOOO WHICH BUS ARE WE BOARDING 2GEDA IN THE BOURSE? I AM READY TO BOARD ANY BUS WITH YOU PROVIDED IT WILL BE DRIVEN BY MR.AGBALOWOMERI |
| Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 5:48pm On Apr 23, 2019 |
Deadlytruth: 3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 5:52pm On Apr 23, 2019 |
Yayira:For me; I don't like that general bull. Let them come one after the other on individual stocks as they are doing now. If you can be identifying them as they come, with only three or four of such bulls in a sequence you will make a mountainous kill this year. Imagine a person who rode Diamond, took the loot into CHAMS and now into DF. You can catch three rats if they come in turns, but you can't catch more than one if they all come simultaneously. 1 Like 1 Share |
| Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 6:01pm On Apr 23, 2019 |
kolaish: Have that thot as well |
| Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 6:03pm On Apr 23, 2019 |
rebekah2011:That is the real issue. Knowing the time to bail out is the main determinant of profit. Bail out analysis (BA) |
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