OBAGADAFFI:



EDC is not bad compared to United.

They just relocated to Ilupeju

Even better than GTL. I called both on Tuesday almost 5 min but na advert of Gtl service I was hearing but EDC picked it up once. And the conversation was fruitful

ihedioramma:
Delisting of what sir?

After Approval Dangote Flour mills will be delisted

stcool:


After Approval Dangote Flour mills will be delisted

Please dont be angry i just came in . After approval of Dangote Flour mills with who (stock)?

https://businessday.ng/research-post/article/why-every-investor-wants-mtn-shares/

"MTN Nigeria paid N123 as dividend per share(DPS) in 2017; N251 DPS in 2018 while in 2019, it is projected that the company will pay N8.8 dividend per share. The sharp drop in its dividend per share was as a result of increase in its shares in issue. Between 2016 and 2018, MTN Nigeria’s shares in issue were 407 million. The shares in issue were increased to 20.4 billion to allow more local individual and institutional investors benefit from the progress the company has made overtime in Nigeria.

How RMB Nigeria Stockbrokers arrived at N147 per share target price

The target price of MTN Nigeria is put at N147 per share with an overweight rating."


On the highlighted how did the increase benefit Nigerians...This people really did us dirty.

ihedioramma:
Please dont be angry i just came in . After approval of Dangote Flour mills with who (stock)?

http://venturesafrica.com/the-impending-sale-of-dangote-flour-mills-plc-at-a-value-worth-361-million/


Africa’s largest indigenous industrial conglomerate, Dangote Industries Limited (DIL) on Tuesday released a public disclosure, announcing the impending sale of its business division, Dangote Flour Mills Plc (DFM). The company may sell off its entire equity ownership to partner, global food and agribusiness leaders, Olam International Limited.

As contained in the document, DFM notified its shareholders, The Nigerian Stock Exchange and the investing public that the Board of DFM has received a binding offer from Olam, to acquire all the outstanding and issued shares of DFM that are not currently owned by Olam through its subsidiary, Crown Flour Mills Limited. As at the date of this announcement, Olam, through its subsidiary, holds 5.113.229 shares in the issued share capital of DFM.

“It is I intended that the Transaction will be executed through a Scheme of Arrangement, under Section 539 of the Companies & Allied Matters Act Chapter C20 Laws of the Federation of Nigeria 2004 and other applicable laws, rules and regulations. The Offer is subject to, amongst other things, shareholders’ approval, regulatory approvals, the sanction of the Federal High Court, as well as the absence of a material adverse change in DFM. If the conditions of the Transaction are satisfied, and the same is sanctioned by the Court, the Company would be delisted from The Nigerian Stock Exchange.”

stcool:
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.

This oga na comfam pumper. You want to dump DF on yung yung investors bah?
@deepsuk come and do your work abeg.

Mpeace:
Olam, the new maga in town. Shake my head for oyibo pple

I want to believe that Olam would do their home work too cos the 'bad deal' made by Tigerbrand is still fresh in people's memory......I may be wrong though.

stcool:
https://businessday.ng/research-post/article/why-every-investor-wants-mtn-shares/

"MTN Nigeria paid N123 as dividend per share(DPS) in 2017; N251 DPS in 2018 while in 2019, it is projected that the company will pay N8.8 dividend per share. The sharp drop in its dividend per share was as a result of increase in its shares in issue. Between 2016 and 2018, MTN Nigeria’s shares in issue were 407 million. The shares in issue were increased to 20.4 billion to allow more local individual and institutional investors benefit from the progress the company has made overtime in Nigeria.

How RMB Nigeria Stockbrokers arrived at N147 per share target price

The target price of MTN Nigeria is put at N147 per share with an overweight rating."


On the highlighted how did the increase benefit Nigerians...This people really did us dirty.

But I thought you have accumulated/want to accumulate more MTN?

GonFreecss1:
But I thought you have accumulated/want to accumulate more MTN?

Lol.

Mcy56:

This oga na comfam pumper. You want to dump DF on yung yung investors bah?
@deepsuk come and do your work abeg.

I am not dumping on anybody, we are all dumping on OLAMS.

phemmie06:

Even better than GTL. I called both on Tuesday almost 5 min but na advert of Gtl service I was hearing but EDC picked it up once. And the conversation was fruitful

GTL is extremely lazy .

My GTB money is still with them even after NIBSS confirmation

GonFreecss1:


But I thought you have accumulated/want to accumulate more MTN?

That I have MTN don't mean I should not talk about them.
And will not stop me from buying more MTN. Overall it remains a stock to buy.

Mcy56:

I want to believe that Olam would do their home work too cos the 'bad deal' made by Tigerbrand is still fresh in people's memory......I may be wrong though.

Lol. The Olam deal is a bad one if you ask me. All this analysis people are doing. Something else is involved in that deal. There is no how you look at it, the current price is too high. Should be lower.

GonFreecss1:


Lol. The Olam deal is a bad one if you ask me. All this analysis people are doing. Something else is involved in that deal. There is no how you look at it, the current price is too high. Should be lower.

It's too high... lol for all they are getting you feel it's too high .
Because you feel Dangote is a baby in business.
Keep analysing until the final deal price is made public and the stock goes on final bid.

stcool:


That I have MTN don't mean I should not talk about them.
And will not stop me from buying more MTN. Overall it remains a stock to buy.

Goodluck with that boss.

As for me? The only reason I see to buy MTN will be me basing it on the analogy that they will rise in price because other people will FOMO for no reason. Why else would I buy something that the dividend yield is still not up to Tbills yield, even though they pay out over 80% of profits as dividends? Lol!

Market has the minds of its own.

GonFreecss1:
Lol. The Olam deal is a bad one if you ask me. All this analysis people are doing. Something else is involved in that deal. There is no how you look at it, the current price is too high. Should be lower.

You're definitely right. There's more to the deal than we know cos Olam is not stoop.id and they've been around for long.

stcool:


It's too high... lol for all they are getting you feel it's too high .
Because you feel Dangote is a baby in business.
Keep analysing until the final deal price is made public and the stock goes on final bid.

I said something else is involved. Not the price. Lol! We all choose our battles. I have chosen not choose the DF battle because I am sceptical, for good reason.

I don't know what is hard to understand ....OLAMS is the one that approached DF. They need the Flourrmills and other added benefits from Alhaji for their other businesses.

"As contained in the document, DFM notified its shareholders, The Nigerian Stock Exchange and the investing public that the Board of DFM has received a binding offer from Olam, to acquire all the outstanding and issued shares of DFM that are not currently owned by Olam through its subsidiary, Crown Flour Mills Limited. As at the date of this announcement, Olam, through its subsidiary, holds 5.113.229 shares in the issued share capital of DFM"

The total consideration offered by Olam and being considered by the Board of DFM for the entire 5 billion issued shares of the Company is N130 billion. The document explains that the Consideration represents the enterprise value on a debt-free, cash-free basis, payable in cash at the closing of the proposed Transaction. Furthermore, 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.

Mcy56:

You're definitely right. There's more to the deal than we know cos Olam is not stoop.id and they've been around for long.

Thanks for seeing the something else is involved.

Mcy56:

You're definitely right. There's more to the deal than we know cos Olam is not stoop.id and they've been around for long.

Access to the ports.

Access Bank Plc - Early Redemption of USD400 Million Subordinated Unsecured Notes

[quote author=stcool post=78850821]

http://venturesafrica.com/the-impending-sale-of-dangote-flour-mills-plc-at-a-value-worth-361-million/


Africa’s largest indigenous industrial conglomerate, Dangote Industries Limited (DIL) on Tuesday released a public disclosure, announcing the impending sale of its business division, Dangote Flour Mills Plc (DFM). The company may sell off its entire equity ownership to partner, global food and agribusiness leaders, Olam International Limited.

As contained in the document, DFM notified its shareholders, The Nigerian Stock Exchange and the investing public that the Board of DFM has received a binding offer from Olam, to acquire all the outstanding and issued shares of DFM that are not currently owned by Olam through its subsidiary, Crown Flour Mills Limited. As at the date of this announcement, Olam, through its subsidiary, holds 5.113.229 shares in the issued share capital of DFM.
Thank's so much, any bad or good news about FMN ?

they did the pumping on Tuesday and they start the dumping today

aremso:
they did the pumping on Tuesday and they start the dumping today

Mr. Market will do what Mr. Market will do. I've not seen any dumping yet.

I don edit am, before una go vex go dey dump now.

DAILY STOCK MARKET GUIDE FOR 30 MAY 2019
MSCI on 29 May continue with the selling, but bought #Dangote Cement. Zenith/NBL were hit heavily by the selling. This is a warning that we must still be on the defensive side.

Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis (https://twitter.com/AnalysisTarget) and is not to be distributed without our authorization.

Mcy56:

Mr. Market will do what Mr. Market will do. I've not seen any dumping yet.

I don edit am, before una go vex go dey dump now.

Look more closely!

Mcy56:

Mr. Market will do what Mr. Market will do. I've not seen any dumping yet.

I don edit am, before una go vex go dey dump now.

madam............ Lol. me i no dey dump anything ooo as am on the fence ooooo.

OBAGADAFFI:

GTL is extremely lazy .
My GTB money is still with them even after NIBSS confirmation

They are lazy even to treat mails, they fool people by sending auto reply. Sir for your GT contact data max registrar

aremso:


madam............ Lol. me i no dey dump anything ooo as am on the fence ooooo.

There is a viper climbing the fence.....

What is the difference between 20.55 and 20.60

DeRuggedProf:


What is the difference between 19 and 18.95