lancee:



Have that thot as well

So we even plenty like this?

stcool:


DD advised... Flour biz in Nigeria is a battle between the Greeks & Indians.

Word.....

The CAVEATS in olam deal and proposal excludes net debt
if olam insist on delisting and buying at bargain price at d close of d deal,then minority shareholders are in for a big aaahhhhhh
coz olam is dodging dfm debts at outstanding shares of 5 billion units and offering price of130 billion NGN


130,000,000,000/5,000,000,000 =N26

IF DEBT IS DEDUCTED(TOTAL LIABILITIES AS AT TODAY) I.E 86 BILION NGN
DOES THAT MEANS OLAM WILL BE PAYING TOTAL OF N44B NGN I.E AT 8.8 NGN

HOUSE .....OVER TO YOU FOR COMMENT

Godlylifeoneart:
The ceveat in olam deal and proposal excludes net debt
if olam insist on delisting and buying at bargain price at d close of d deal,then minority shareholders are in for a big aaahhhhhh
coz olam is dodging dfm debts at outstanding shares of 5 billion units and offering price of130 billion NGN


130,000,000,000/5,000,000,000 =N26

IF DEBT IS DEDUCTED(TOTAL LIABILITIES AS AT TODAY) I.E 86 BILION NGN
DOES THAT MEANS OLAM WILL BE PAYING TOTAL OF N44B NGN I.E AT 8.8 NGN

HOUSE .....OVER TO YOU FOR COMMENT

It's such ANALYSES that's leads to PARALYSES .
If have DANGOTE FLOUR close hold tight till it gets to N26 .BARGAIN HUNTERS TAKE NOTE.

Meanwhile CP rightnow after missing out the jolly rides on Cileasing , Diamondbk. Chams and now DangFlour

Yayira:
Abeg who go buy transcorp oo e don too range

TRANSCORP is too slippery and unpredictable for my attention let alone a buy.

http://fman.com.ng/2019/04/23/investors-shun-bank-shares-despite-₦720-billion-profit/

PETERiCHY:



It's such ANALYSES that's leads to PARALYSES .
If have DANGOTE FLOUR close hold tight till it gets to N26 .BARGAIN HUNTERS TAKE NOTE.

Meanwhile CP rightnow after missing out the jolly rides on Cileasing , Diamondbk. Chams and now DangFlour

Per the bolded; very correct. Sometimes being simple minded is more rewarding than being complex in thought.

Godlylifeoneart:
The ceveat in olam deal and proposal excludes net debt
if olam insist on delisting and buying at bargain price at d close of d deal,then minority shareholders are in for a big aaahhhhhh
coz olam is dodging dfm debts at outstanding shares of 5 billion units and offering price of130 billion NGN


130,000,000,000/5,000,000,000 =N26

IF DEBT IS DEDUCTED(TOTAL LIABILITIES AS AT TODAY) I.E 86 BILION NGN
DOES THAT MEANS OLAM WILL BE PAYING TOTAL OF N44B NGN I.E AT 8.8 NGN

HOUSE .....OVER TO YOU FOR COMMENT

If your calculation and insinuation is right... We will know tomorrow.

Godlylifeoneart:
The ceveat in olam deal and proposal excludes net debt
if olam insist on delisting and buying at bargain price at d close of d deal,then minority shareholders are in for a big aaahhhhhh
coz olam is dodging dfm debts at outstanding shares of 5 billion units and offering price of130 billion NGN


130,000,000,000/5,000,000,000 =N26

IF DEBT IS DEDUCTED(TOTAL LIABILITIES AS AT TODAY) I.E 86 BILION NGN
DOES THAT MEANS OLAM WILL BE PAYING TOTAL OF N44B NGN I.E AT 8.8 NGN

HOUSE .....OVER TO YOU FOR COMMENT

My brother forget this analysis for now... If you see DF buy... Shekena
All this calculation Aliko Don do am, they are going to pay N26.

How far with all our Diamond bank analysis

stcool:


My brother forget this analysis for now... If you see DF buy... Shekena
All this calculation Aliko Don do am, they are going to pay N26.

How far with all our Diamond bank analysis

Guys did any report or Aliko or Olam say anything about paying 26 naira per share specifically?

This looks different from the Diamond/Access deal.

Especially considering total asset of DF including debt is 127 billion naira, and Olam is paying 130 billion naira to get the whole business. Coincidence?

Trade with caution guys.

How is UBA 1st quarter result??

stcool:


My brother forget this analysis for now... If you see DF buy... Shekena
All this calculation Aliko Don do am, they are going to pay N26.

How far with all our Diamond bank analysis

gamaliel9:
UBA tashere dividend just landed

Fairly new here. How much per share was paid?
Also, I did the needful long ago by filling and submitting the mandate form to my Bank. But I'm not sure if they have progress it. Was waiting to get an alert today . Nothing yet. I don't know if my name is on the dividend register. Please can anyone through more light on how to go about this.

austinkenneth:


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.

Brilliant submission based on your experience with Total and Mobil.
You also rightly advised due diligence.
But from the perspective of the man Aliko, I doubt he will ever make a wrong move on this.
Recall how he sold DF first to Tigerbrand, and bought it back from them.
It was hovering around 98kobo when the rumour of his reacquisition went on and DF valuation was estimated at N3.5 or thereabouts.
It raced passed N5 within a year and half and ended up hitting N16.
I found out as many here must have observed that DF has one of the most prolific MM's in the NSE; they will not disappoint him in aiming to justify Olam's N26 valuation.
On a lighter note as par the bolded, Aliko has a mind of his own too...I trust him, he wont hurt himself.

gradle:


Fairly new here. How much per share was paid?
Also, I did the needful long ago by filling and submitting the mandate form to my Bank. But I'm not sure if they have progress it. Was waiting to get an alert today . Nothing yet. I don't know if my name is on the dividend register. Please can anyone through more light on how to go about this.

UBA s r egistrar Africa Prudential Registrar is fast and efficient.This is their site https://africaprudential.com/. OR Better still if you live in Port Harcourt or Lagos or Abuja, go their and submit it...or chat them or send mail.

Or go to the website,download the e dividend form...fill it...take to your bank to sign...do not give it to them again...scan it yourself and send to the to the registrar...65k per share

After listening to uacn conference call I think whay befall them is about to befall flour mills and honeywell as olam enters the game big time, they complained bitterly about a new competitor in their animal feed market and how this competitor is price cutting them.........

Anyway, the way these companies go about valuation makes me wonder if annual financial statements are true positions of this companies......I can imagine some one buying DF 4 years ago at 0.90k and cashing out #26 in due time(even warren buffet will envy you)

Yayira:
So na companies wey no dey perform well dey make people rich now ?
Happy for everyone in this bus.. make una too chop una 100%

And e be like say Oga Milost don open Jegede Oil and Gas join.
See as I just dey miss wealth transferring buses back to back...

arduino:

And e be like say Oga Milost don open Jegede Oil and Gas join.
See as I just dey miss wealth transferring buses back to back...

pray make that man wey dey wright letter no wright letter o

Deadlytruth:

Na so oooo! Sick companies are changing people's fortunes while fundamentally sound ones are causing frustration here and there.
What an interesting irony!

i believe there time will come sha. especially that one that seems to be about to double its earnings this year.those air people

Godlylifeoneart:
The ceveat in olam deal and proposal excludes net debt
if olam insist on delisting and buying at bargain price at d close of d deal,then minority shareholders are in for a big aaahhhhhh
coz olam is dodging dfm debts at outstanding shares of 5 billion units and offering price of130 billion NGN


130,000,000,000/5,000,000,000 =N26

IF DEBT IS DEDUCTED(TOTAL LIABILITIES AS AT TODAY) I.E 86 BILION NGN
DOES THAT MEANS OLAM WILL BE PAYING TOTAL OF N44B NGN I.E AT 8.8 NGN

HOUSE .....OVER TO YOU FOR COMMENT

The offer stated that adjustment will be made based on the position of the company by March 31st or later date agreed to. This implies that the financial report of 31st December 2018 is not applicable.
Question is 'has the situation of the company improved from last financial reporting?'
This might be difficult to answer as borrowed cash accrues interest. Also, inventory might have depreciated and fees and salaries etc need to be settled.

UBA's Capital Buffer Strong to Support Growth—Uzoka
https://businesspost.ng/2019/04/24/ubas-capital-buffer-strong-to-support-growth-uzoka/

Dangote Flour Shares Gain 9.81% After News of Proposed Sale
https://businesspost.ng/2019/04/24/dangote-flour-shares-gain-9-81-after-news-of-proposed-sale/

SAHCO Raises NSE Market Cap by N6.29bn, Lists 1.354bn Shares
https://businesspost.ng/2019/04/23/sahco-raises-nse-market-cap-by-n6-29bn-lists-1-354bn-shares/

Transcorp Hilton Promotes Seimodei to Director of Operations
https://businesspost.ng/2019/04/24/transcorp-hilton-promotes-seimodei-to-director-of-operations/

UBA Makes N28.7bn Profit in First Three Months of 2019
https://businesspost.ng/2019/04/23/uba-makes-n28-7bn-profit-in-first-three-months-of-2019/

yom2:
i believe there time will come sha. especially that one that seems to be about to double its earnings this year.those air people

You mean CAVERTON? I believe so too. But I think it will do so after the release of Q1 report.

Good morning house
Please listen to the message in dz audio, it was shared with me by a friend.
It enlighten and shed more light on the mystery in the equity market. The message is more important than the messanger who tried to promote his biz.

MOST STOCKS SUCK



https://www.markmanspivotalpoint.com/reports/TPE/mss-0219-39/event/?ec=LTPEUG42&sc=ARN&campid=TPE2019-04

https://www.thisdaylive.com/index.php/2019/04/24/williams-chams-restructuring-exercise-has-paid-off/amp/


Williams: Chams’ Restructuring Exercise Has Paid Off





The Group Managing Director/Chief Executive Officer, Chams Plc, Mr. Femi Williams, in this interview speaks on how electronic voting can be used to address electoral challenges in Nigeria. He also shares the story of the company’s recovery from loss to profitability. Goddy Egene presents the excerpts:

Recently, you informed the investing public that Chams Plc’s restructuring has put the company on the path of sustainable profitability. Can you shed more light on this?

Through the restructuring, Chams Plc was able to write off its accumulated losses using our share premium as seen in our year 2018 audited financial statement. We now have a profit of N380 million against the losses of previous years.

What informed the restructuring?
The need to remove recurring losses in our books, grow shareholders’ funds and lay a foundation for better performance and improve Chams Plc’s competitiveness in its industry. It will also improve the company’s potential to pay dividends to its shareholders and access other funding options available in the future.

What are the components of this restructuring?
We had earlier restructured our operations for global competitiveness, including a change in business model. We now place premium on identity management and we have introduced a good number of innovative products and services. The repositioning exercise that we carried out, through the injection of seasoned human capital has begun to pay off despite the harsh operating environment in Nigeria. The company’s financial fortune has been turned around to put smiles on the faces of our stakeholders. This can be seen from the result. We recorded a growth of 54 per cent in revenue year-on-year, while we grew profit before tax by 124 per cent. I would like to assure all our investors and shareholders that we would not rest, but shall continue to work assiduously to surpass this performance by the end of the fiscal year 2019. A court approval as well as approval of relevant regulatory bodies were received to achieve our restructuring exercise.

Chams Plc is believed to have blazed the trail as the first home grown information technology (ICT) company to develop some unique products for ease of doing business. Can you explain them?


Chams Plc is a brand to reckon with in identity management and identity solutions provider. As a result of our experience and expertise garnered over the years, we have built robust, secure and adaptable platforms to further drive the provision of intelligent business solutions to private and public sector. Incorporated on September 19, 1985, Chams started as a computer hardware and maintenance service provider in Nigeria. Between 1987 and 1991, the company pioneered major computer networking in Nigeria with laying of LAN and WAN network connections for various public and private organisations. Over the years, we have evolved into an innovative company providing intelligent business solutions. Chams started smart cards, identity(ID) managment and e-payment systems and solutions in Nigeria.

This later gave way for other ID management and e-payment solutions company to come into the industry. In 2011 to 2017, the country witnessed a major surge in Identity related solutions and Chams was a key player to this. During this period, we singlehandedly produced and delivered 70m voters’ card within a very short period for the Federal Government of Nigeria. In fact, former President, Olusegun Obasanjo, who was in power at that time, asked the “Committee of Former Heads of State” to visit our Abuja card plant.

It will interest you to know that among the delegates was our General Muhammadu Buhari who is now President of Nigeria and General Yakubu Gowon to mention a few. The project was formerly contracted to a foreign organisation who at the last minute could not meet up, hence, the invitation of Chams to carry out the production and delivery of the cards. The successful commencement of the JAMB Computer-Based Test(CBT) cannot be written without mentioning Chams. We pioneered the first ever CBT for JAMB in Nigeria. At that time, the then head of JAMB, Prof. Adedibu visited each of our centres in Lagos and Abuja and gave satisfactory nod to the professionalism and excellent delivery of the project.



The Bank Verification Number (BVN) project is among others, a highly successful project implemented by Chams across all the bank branches in the 36 States of the Federation. Chams Plc delivered successfully within the timeline stipulated by the Bankers Committee. The BVN project was reported to be a huge success and as you can see, it has transformed financial accountability in Nigeria.

Chams Plc is fast becoming a company to watch after it successfully conducted electronic voting for some reputable organisations, using a new solution. How far is this true?

Chams Plc has successfully deployed its e-voting solution (VOTA) for over seven years now to various organisations of national and international repute with commendable results. This has been tested, can now be trusted at the national level. We have successfully deployed our VOTA for the Nigerian Bar Association (NBA) and Chartered Institute of Bankers of Nigeria (CIBN) among others. We have the technical know-how, professional competence, skills and track records to handle electronic voting in Nigeria.

What is your appraisal of the e-voting in those organisations in terms of the cost-benefit analysis?
VOTA has been proven to reduce organisational cost of election by at
least 50 per cent, because it completely eliminates the travel, accommodation, feeding costs of delegates, stationeries expenses (prints and press), as well as excessive cost on election venue and other logistics .

Does Chams have technical and operational capacity to deploy the solution for Nigeria’s electoral system, especially, with the general complaints that Nigeria’s electoral system is not only expensive and time consuming but highly vulnerable to controversy?


Chams Plc deploys state of the art modern technology to ensure performance and cost is optimised with the most secure technology available, constantly reviewed by standardised processes in conformity to our ISO quality management guidelines. One of such processes put in place to avoid controversies identified over our years of experience is role separation, which clearly defines every stage, tasks and responsibilities to ensure transparency among all the stakeholders. Electronic voting automatically avoids duplicate and invalid votes by design, these have been proven to be also major sources of election controversies.

Is Nigeria actually ripe for electronic voting against the challenges associated with ICT in the country, notably in the power sector?
There is no better time for Nigeria to cross over to the electronic voting than now, Nigeria has indigenous tier 3 cloud service providers to host the e-voting application successfully with 99.9 per cent availability comparable only to the likes of AWS, Microsoft Azure, and Google. Your question reminds of when we completed our ChamsCities with Guinness Book of records certification and engaged Prof. Dibu Ojerinde on CBT testing for JAMB. We pioneered it, today it is history.


As a good corporate citizen, is there any plan by Chams’ management to contact the government on the option of electronic voting as an antidote to electoral cost, stress, violence and credibility in the nearest future?

Currently, we are putting together our proposition to the Presidency. And we are very ready to carry out a demo of the platform when invited.

What are the benefits and challenges of electronic voting?
Electronic voting has a huge benefit of convenience which in turn increases voters’ participation by huge margins. We have had a testimony of voters’ participation increased by 35 per cent while providing e-voting service for some majority of our client using VOTA. Avoidable deaths by election violence, road travel hazards, excessive costs of stationeries and other logistics are eliminated by electronic voting system. Collation of results is instantaneous with electronic voting. In a similar vein, the issues, suspicion associated with Manual collation will be a thing of the past. One major challenge observed generally is user acceptance and migration. A solution is only as good as how widely accepted. However, awareness programme is required to inspire the public on its benefits. The public has come to accept the Card readers. This is just a way of saying let us digitize the voting papers and collation processes.

Nigerian youths are generations of ICT. Can the old people who are not computer literate vote seamlessly under electronic voting model?
Chams Plc has variants of VOTA available for ease of usage. The web version to meet general internet user demands that the mobile version should meet up with the younger generations enthusiasm on android and mobile devices. Also, the kiosk version which concerns older generation and functions like regular ATM machine are variants of our e-voting solution poised to serve all and sundry.

What should be the first step in the event that the government is ready for e-voting?
Electronic voting requires a valid database of eligible voters which incidentally can be obtained from INEC Voters Register, NCC Database, Nigeria’s BVN and NIMC database among other sources of digitised data in the country. This database will be leveraged on.

Government is the biggest spender in Nigeria and ICT is capital intensive. But it appears Chams Plc places premium on the private sector clients rather than government in its service delivery. Why?
Well, the experience we had in the past with dealing with government actually brought us to where we are today. The popular ChamsCity was a large digital mall that brought Nigeria into the Guinness Book of Record as a place where the largest digital mall in the world was established. Though Chams still retains that record, the centres had to be closed down as it brought huge losses to the company due to the cancellation of the NIMC project for which we built the ChamsCities as centres where people can walk in and perform their registration for the national ID. This was why we have had to refocus our business on building Intelligent Business Systems that resolves industry issues like we did with the BVN.


Are there other things you will to comment about?
Aside our e-voting solution, Chams has also built robust, innovative and intelligent solutions suite that can be integrated into various facets of government’s administrative systems and processes as well as usable for private organisations.

ConfirmMe is a verification solution platform that allows the government to easily verify beneficiaries, – for grants, pensions, bursary, subsidies, for fraud prevention, ghost worker elimination etc. The verification service allows you to check your enrolled wards against the data that has been provided. Payroll Solution – a complete financial solution for managing and engaging your diverse workforce.

Residency & Citizenship Solution – an automated enrolment solution that allows government of a state or a nation have an overview of number of residents for appropriate allocation of funds and resources. Time and Attendance Solution – time and attendance solution allows organisations to effectively manage their employee’s day to day activities for office productivity and efficiency.

CEEDS is a robust solution for automation of school administration for identity verification, time and attendance and management. Integrated School Register – Identity management portal for all public and private primary and secondary schools with performance evaluations for both pupils and teachers. A platform for all forms of computer aided testing. Central dashboard for statistics of students’
distribution across the state. Pension Verification Solutions – This is an automated pension solution that provides ease of access to verification of pensioners in their

respective geographical locations. It provides headcount convenience to all pensioners for payments and benefits.
IGRH is an Integrated Tax Management System customised to the State
Board of Internal Revenue for effective collection, management and consolidation of revenue. Nairaplus is Nigeria’s secure digital financial services ecosystem that enables authorised organisations to provide a wide range of financial
and value added services to large numbers verified individuals, businesses and groups through a network of professionally trained and well equipped agents. PharmT is an electronic data interchange platform where manufacturing, importation, distribution and sales of drugs in Nigeria will be made seamless through the platform accessible to all Pharmacists in Nigeria.

^^^^^^^^^^

I suspect chams is about enter the market to source for money...............this their cv berekete even prospective investors tire b4 the 2nd line

yes dey go collect award dis year sef

for the most useless listed company ...chams d tin dey sound like juju

maishai:
^^^^^^^^^^

I suspect chams is about enter the market to source for money...............this their cv berekete even prospective investors tire b4 the 2nd line

maishai:
After listening to uacn conference call I think whay befall them is about to befall flour mills and honeywell as olam enters the game big time, they complained bitterly about a new competitor in their animal feed market and how this competitor is price cutting them.........

Anyway, the way these companies go about valuation makes me wonder if annual financial statements are true positions of this companies......I can imagine some one buying DF 4 years ago at 0.90k and cashing out #26 in due time(even warren buffet will envy you)

From the farmers point of view. This price cut is a blessing.

Agbalowomeri:
Dangote bought back DF at N3ish
Now selling at N26

Below is my post on 26/3/2016 (was not for traders though)

bigjay01:


For me, I am not literate enough for any techno-fundamental analysis. However, I am smart enough to do a follow-the-money (aka attach on Aliko's apron strings)

Just passing by.....
Chai! Those forming association and aggressively dashing themselves 'like' anyhow should be careful near sniper ooooo cos the person you're beefing doesn't even know you exist. A harmless advice, afterall we're still b&sitL.
Truth is bitter.

GonFreecss1:

My luv, na you and my true ogas I come greet. Believed you're good. Oya chop kiss.