stcool:



Here it is.... Using Q1 result.

what happens if the deal fails to scale tru

aremso:


what happens if the deal fails to scale tru

I don't know... That is the risk.

But I believe Alhaji has given the go ahead, else they would not make the announcement on NSE.

Flourmill biz is one sector Alhaji wants to exit for good!

No competence around that sector.

stcool:


I don't know... That is the risk.

But I believe Alhaji has given the go ahead, else they would not make the announcement on NSE.

Flourmill biz is one sector Alhaji wants to exit for good!

stcool:


I don't know... That is the risk.

But I believe Alhaji has given the go ahead, else they would not make the announcement on NSE.

Flourmill biz is one sector Alhaji wants to exit for good!

Hope it will not be another round of tiger brand of south Africa?
Dangote injected his billion of naira after the Tigar brand deal, to resurrect the company again, because it has almost died completely. And by now I believed that he has taken away his injected money which makes the company performed poorly in their recent results they released.

rebekah2011:
No competence around that sector.

Alhaji has more to loose if he declines the offer... Meanwhile OLAMS needs the deal to Increase their market penetration, as they want access to Alhaji's Apapa and Calabar port for their businesses.

In all its a win-win for both parties...I won't be surprise if final deal is close to N30.

Chibuking81:

Hope it will not be another round of tiger brand of south Africa?

OLAMS are a stronger player... I think they would do well than Tiger brand. Don't forget they are already playing in the sector with the purchase of Crown Flour Mills. They really need access to those 2 ports not just their Flourmills business as they are a big player in the agricultural sector !

stcool:


OLAMS are a stronger player... I think they would do well than Tiger brand. Don't forget they are already playing in the sector with the purchase of Crown Flour Mills. They really need access to those 2 ports not just their Flourmills business as they are a big player in the agricultural sector !

But people jumping in are doing so because of capital appreciation the news will bring, or the payment they will get from Olam if the deal go through, not because the like Olam, nor neither do they feel that Olam will do well. But we must always remember that it's 50/50 chance it might favor or fail.

There might be something they are looking that Dangote might not be willing to release or he might release. But a buyer can also change his mind at the dying minutes, he might buy or might not buy. That's why it's 50/50 game.

Chibuking81:

But people jumping in are doing so because of capital appreciation the news will bring, or the payment they will get from Olam if the deal go through, not because the like Olam, nor neither do they feel that Olam will do well. But we must always remember that it's 50/50 chance it might favor or fail.

There might be something they are looking that Dangote might not be willing to release or he might release. But a buyer can also change his mind at the dying minutes, he might buy or might not buy. That's why it's 50/50 game.

The only risk here is Alhaji saying No which I fully understand. But I don't think this would be the case as Alhaji is fully involved here and must have given his blessings prior to the news going public.

That said... I am fully in this bus and I await OLAMS alert. Registrar is the least of my worry as I will open and close office with them until they pay.

rebekah2011:
No competence around that sector.

Are you keyin in for DFM ?

Seplat Shares Jump 5.75% After Clarification on Presidential Allegation
https://businesspost.ng/2019/05/29/seplat-shares-jump-5-75-after-clarification-on-presidential-allegation/

I do not have any idle funds to wait it out.

tritritri:



Are you keyin in for DFM ?

NSE Revokes Licences of Three Stockbroking Firms
https://businesspost.ng/2019/05/29/nse-revokes-licences-of-three-stockbroking-firms/

Airtel Likely to Join MTN Nigeria on Stock Exchange Soon
https://businesspost.ng/2019/05/29/airtel-likely-to-join-mtn-nigeria-on-stock-exchange-soon/

.

veecovee:
.

Oga veecovee wetin happen...

https://m.guardian.ng/business-services/airtel-africa-eyes-1bn-london-listing-nigerias-bourse/


Airtel Africa eyes $1bn London listing, Nigeria’s bourse


The move comes as stakeholders in the Nigerian Capital market are demanding for the list of all brokerage firms that handle the buying and selling of MTN shares, to prove to the general public that its allegiance lies with them and not the powers that be.

According to one of them NSE should “release the names of all brokerage firms that were involved in buying and selling MTN Nigeria’s shares from May 16 – May 22

According to an analyst, Jude Fajoku, “Free float worldwide is all about quantity of shares and not about market valuation. Let us go back to the basics. The NSE should remove this rule amendment immediately, ‘the value of its free float is equal to or above N40 billion on the date The Exchange receives the Issuer’s application to list.’

“The price of a company’s stock should not be brought into the free float discussion. The core and only matter should be number of shares freely available to trade relative to total outstanding shares. Amend the rules so that any company with an intended or expected listing market value in excess of $500 million (N180billion), can only list by IPO.

Listing by Introduction will not be allowed for companies with listing valuation expected to exceed $500 million. The NSE and SEC should never have approved a listing for MTN by introduction. The regulators had the leverage as this is an involuntary listing and they let it go to waste!

“MTN Nigeria is dominating the Nigerian telecom industry; has a dominant stake on the NSE (20%), and is dominating the headlines in scandals ranging from disobeying regulatory directives, exporting cash to its parent market without required documentation and underpaying taxes by $2 billion to the Nigerian tax authority. MTN Nigeria has sued the Attorney-General of Nigeria for N3 billion in regards to the underpayment of taxes accusation. The cycle of serenading the bad and vilifying the good in Nigeria appears to be alive and well.

MTN Nigeria’s listing has been added to a long list of what is wrong by action, while espousing what is right by words” he said

stcool:


Oga veecovee wetin happen...

... not supposed to post it here. I've doing some work in other threads, click my id "veecovee" and throw your opinion

Godlylifeoneart:

https://m.guardian.ng/business-services/airtel-africa-eyes-1bn-london-listing-nigerias-bourse/


Airtel Africa eyes $1bn London listing, Nigeria’s bourse


The move comes as stakeholders in the Nigerian Capital market are demanding for the list of all brokerage firms that handle the buying and selling of MTN shares, to prove to the general public that its allegiance lies with them and not the powers that be.

According to one of them NSE should “release the names of all brokerage firms that were involved in buying and selling MTN Nigeria’s shares from May 16 – May 22

According to an analyst, Jude Fajoku, “Free float worldwide is all about quantity of shares and not about market valuation. Let us go back to the basics. The NSE should remove this rule amendment immediately, ‘the value of its free float is equal to or above N40 billion on the date The Exchange receives the Issuer’s application to list.’

“The price of a company’s stock should not be brought into the free float discussion. The core and only matter should be number of shares freely available to trade relative to total outstanding shares. Amend the rules so that any company with an intended or expected listing market value in excess of $500 million (N180billion), can only list by IPO.

Listing by Introduction will not be allowed for companies with listing valuation expected to exceed $500 million. The NSE and SEC should never have approved a listing for MTN by introduction. The regulators had the leverage as this is an involuntary listing and they let it go to waste!

“MTN Nigeria is dominating the Nigerian telecom industry; has a dominant stake on the NSE (20%), and is dominating the headlines in scandals ranging from disobeying regulatory directives, exporting cash to its parent market without required documentation and underpaying taxes by $2 billion to the Nigerian tax authority. MTN Nigeria has sued the Attorney-General of Nigeria for N3 billion in regards to the underpayment of taxes accusation. The cycle of serenading the bad and vilifying the good in Nigeria appears to be alive and well.

MTN Nigeria’s listing has been added to a long list of what is wrong by action, while espousing what is right by words” he said

Make una allow MTN rest, every major company has enjoyed one privilege or the other due to our own lapses and lazy regulators.

Even Dangote enjoyed some privileges that allowed him list, such may not be available to those that follow. For now na Airtel and Glo go carry that scrutiny.

MTN is gone and I can tell you the high and mighty all benefited.

stcool:


Make una allow MTN rest, every major company has enjoyed one privilege or the other due to our own lapses and lazy regulators.

Even Dangote enjoyed some privileges that allowed him list, such may not be available to those that follow. For now na Airtel and Glo go carry that scrutiny.

MTN is gone and I can tell you the high and mighty all benefited.

Wrong is wrong, to some when the system is corrupt and is favouring them the system is not corrupt, but when it does not favour them, then the system become corrupt.

What ever government is doing now is to protect ordinary shareholders, you might be inside and you may not no the real secret that goes on which might affect your share in future. I remember when government was warning people to distance themselves from MMM, some criticized government, but within a short period of time story that touches started.

A lot of manipulation goes on from day one mtn was listed and if not properly handle will affect Nigeria economy and NSE as well, imaging 1 unit of share splits into about 49.9 times at #90, with further pumping. The only release about 20/30% of their share for trading meaning that the Parent company hold the majority and the 49.9 times duplicate share from each one unit of share which will dump on Nigeria, which will also make the earning coming to Nigerians ordinary shareholders insignificant, before I forget our follow Nigeria participate in this dubious act, very very bad.

OBAGADAFFI:



EDC is not bad compared to United.

They just relocated to Ilupeju

You mean they've left Onipanu?
Really, it is not a bad registrar at all. They are responsive. I recall how they, through a mere phone call, promised to look into my dividend issue with them in 2014 and within a week the money hit my account without me ever stepping foot there.

Deadlytruth:

You mean they've left Onipanu?
Really, it is not a bad registrar at all. They are responsive. I recall how they, through a mere phone call, promised to look into my dividend issue with them in 2014 and within a week the money hit my account without me ever stepping foot there.

Yes they have moved to Ilupeju.

Meristems, EDC and African Prudential are my favorite registrars

Chibuking81:

But people jumping in are doing so because of capital appreciation the news will bring, or the payment they will get from Olam if the deal go through, not because the like Olam, nor neither do they feel that Olam will do well. But we must always remember that it's 50/50 chance it might favor or fail.

There might be something they are looking that Dangote might not be willing to release or he might release. But a buyer can also change his mind at the dying minutes, he might buy or might not buy. That's why it's 50/50 game.

If you read the press release, it did say it was a binding agreement pending all requisite approvals

Godlylifeoneart:
https://www.forbes.com/sites/kenrapoza/2019/05/28/nigeria-has-become-africas-money-losing-machine/#54b2dc5477ac

All thanks to BUBU

PETERiCHY:


All thanks to BUBU

I hope you don’t die of heart attack soon .
Congratulations on the commencement of your 4 more years of wailing

bigjay01:


If you read the press release, it did say it was a binding agreement pending all requisite approvals

Exactly... the only thing left here is deal price announcement, then shareholders approval and court prior to delisting.

AkataYeriYeri:

I hope you don’t die of heart attack soon .
Congratulations on the commencement of your 4 more years of wailing

Family Re-union

Mcy56:

Congrats Sir.
No dancing crew again?

Oya take it....

stcool:
Make una happy small for people already in the market... Not all this doom saying!

If you are yet to enter try and get in by Thursday, but for now make una allow us enjoy the bull run

What do you have to say about FMN ?

..

Yayira:


Trust me, anyone that is buying, is buying to sell to olam!!

Is OLAM buying FMN or FMN buying OLAM ?

stcool:


Exactly... the only thing left here is deal price announcement, then shareholders approval and court prior to delisting.

Delisting of what sir?