Hi Guys,

I'm growing and getting more interested in the Nigeria capital market.

I do investments everyday Basically Offshore bonds & mutual funds and recently Local FGN bonds due to the scarcity of FX. Hence, my interest now in our capital market.

I try to read everyday .... E no easy and want to share these links with you and expect the gurus to comment and educate others.

If u need advise on local FGN bonds and T bills and offshore bonds and mutual funds I may help.

What The N40billion WAMCO NASD OTC Deal Signifies

http://nairametrics.com/what-the-n40billion-wamco-nasd-otc-deal-signifies/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

List Of Dividends Declared So Far In 2015 (Updated June 12, 2015)

http://nairametrics.com/list-of-dividends-declared-so-far-in-2015/

NGN BOND AUCTION RESULT
NGN BOND AUCTION DATE : 17-June-15

FGN BOND AMOUNT SOLD CUT OFF RANGE OF BIDS BID/COVER PREV. CUTT OFF
5YR 15.54% FGN FEB 2020 NGN 40 B 14.4290% 13.0000% - 14.8990% 1.26 13.8450%
10YR 14.20% FGN MAR 2024 NGN 15.22 B 13.5000% 12.0000% - 15.5999% 2.39 13.4800%
20YR 12.1493% FGN JUL 2034 NGN 25 B 14.2490% 13.4945% - 15.9000% 1.76 13.8800%

T-BILL AUCTION DATE: 17-Jun-15
NGN T-Bill Auction Result


TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)
91 DY 17-Sep-15 NGN 26.30B 10.00% (10.26%) 1.01 9.7999% (10.04%)
182 DY 17-Dec-15 NGN 25.00B 12.70% (13.56%) 1.31 12.70% (13.56%)
364 DY 16-Jun-16 NGN 92.34B 12.80% (14.67%) 2.34 12.9999% (14.94%)

Foreign investor divests from Julius Berger Nigeria


Bilfinger SE, the majority core investor in Julius Berger Nigeria Plc, would sell its entire equity stake in the Nigerian company this month, it was learnt yesterday.
A regulatory filing obtained yesterday by The Nation indicated that Bilfinger SE, which holds 33.4 per cent in Julius Berger Nigeria, has decided to sell its equity stake and exit the company.
Bilfinger SE has already informed the Nigerian directors of Julius Berger Nigeria of the decision to dispose the equity stake on or before the end of this month.
The equity sale, according to the emerging details, will be offered to long-term Nigerian investors and will lead to the exit of the representative of Bilfinger SE from the board of Julius Berger Nigeria.
The equity sale might not be unconnected with Bilfinger’s strategic realignment from a construction company to an engineering and services group in the last decade which saw Bilfinger SE divesting totally from its construction activities.
Julius Berger Nigeria, in a confirmation, the board and management of Julius Berger Nigeria yesterday said they strongly believed that the exit of Bilfinger SE will not impact negatively on the company.
According to the company, ongoing strategic business directions being undertaken by the board and management would sustain and increase Julius Berger Nigeria’s efficiency and responsiveness as well as set basis for a future of long lasting success.
In 2011, Bilfinger, which then held 49.87 per cent equity stake in Julius Berger Nigeria, had sold down its equity stake. Julius Berger Nigeria then had 1.2 billion ordinary shares of 50 kobo each with market capitalisation of N56.59 billion out of which Bilfinger Berger held 598.4 million ordinary shares of 50 kobo each. Other substantial shareholders in Julius Berger Nigeria included the Lagos State and Benue State, which hold 6.99 per cent and 5.27 per cent respectively through their investment companies.
In order to strengthen its corporate independence, Julius Berger Nigeria had enhanced its on shore and off shore technical and logistic capacities by the establishment of a newly incorporated subsidiary, Prime Technology Design and Engineering Nigeria Limited for the provisions of design and engineering support services to the company.
The company also acquired a controlling majority share of the technical and logistic business and operations of Bilfinger Berger Nigeria GmbH, Wiesbaden, Germany, which assures Julius Berger Nigeria Plc of total control of all required services such as planning, procurement, recruitment and capacity building.
The share price of Julius Berger Nigeria remained unchanged at N52.39 per share.

http://thenationonlineng.net/new/foreign-investor-divests-from-julius-berger-nigeria/

Bilfinger Says It Will Sell Its Entire Stake In Julius Berger


The largest single shareholder of Julius Berger Plc, Bilfinger has announced it is planning to dispose of its shares in Julius Berger Plc.

Bilfinger owns (as at March 2015) 30.3% shares in Julius Berger with the next largest single shareholder being Watertown Energy Ltd with 10%.

According the press statement, the reason for their exit is based on Bilfinger’s strategic realignment from a construction company to an engineering and services group in the last decade which saw Bilfinger SE divest totally from its construction activities.

This is also not the first time, Julius Berger is selling down its stakes in Nigeria as it sold off 10% to Watertown Energy Ltd (owned by Nestoil) in 2012. Julius Berger in 2014 also appeared to have sold about 3.1% of its equity to Goldstone Estates Ltd another shareholder of Julius Berger.

This however, is confirmation that it is exiting the company completely even though they didn’t confirm if they will be coming back to Nigeria in any form apart from construction.

A 33% sale at current prices (N50) will cost any purchaser about N20 billion and very well within the range of interested acquirers.


http://nairametrics.com/we-quit-bilfinger-says-it-will-sell-its-entire-stake-in-julius-berger/