monopolistic:
@RabbiDoracle what ur take on flourmill right issue? hope it not the same case as wapco?

RabbiDoracle:


I just checked it now. The report is ok. I can see they are doing rights to clear part of the debts and then the finance cost. The effect of this reduction in the finance cost should impact on the PAT.

The rights is just 1.47b units. IMO, Not much effect on dilution since the PAT will increase due to reduction in debts(Finance cost).

If you bought early this year or late last year at N14 to N18, I believe you are safe to ride long!

Revenue is growing. It is a good business.

This result is different from Wapco. Not saying that money will not be made in Wapco ooo.. I would rather put money here(FM) at N30 than do N43 for wapco.

RabbiDoracle:


I just checked it now. The report is ok. I can see they are doing rights to clear part of the debts and then the finance cost. The effect of this reduction in the finance cost should impact on the PAT.

The rights is just 1.47b units. IMO, Not much effect on dilution since the PAT will increase due to reduction in debts(Finance cost).

If you bought early this year or late last year at N14 to N18, I believe you are safe to ride long!

Revenue is growing. It is a good business.

This result is different from Wapco. Not saying that money will not be made in Wapco ooo.. I would rather put money here(FM) at N30 than do N43 for wapco.

RabbiDoracle:


DF seems to be having better efficiency than FM ooo. Chooiii, see numbers. The cashflow, asset quality, returns on assets and equity are far ahead of FM.

Who are those that bought DF below N1??

This is robbery of CBN!

Agbalowomeri:


How much loss is okay for you in two months?

currentprice:


na bigjay01 the badest long termer

he is planning to join u in turkey soon with his grave robber loot

RabbiDoracle:


I pray he joins ooo. From there I will get the loot from him. This guy is on money!!!

I was just concentrating at the numbers of DS only and giving the top price it will get to unknown that there is another one(DF). I lost interest in it when those south Africans messed the firm up and were churning loss after loss.

RabbiDoracle:
I need to collect "owo load" from all the people that bought DF below N5. Bigjay you are #1.

Noooo...you guys can't enjoy this money like this na. There is love in sharing ooo. I don't think DF will go below N7 anymore.

RabbiDoracle:


I pray he joins ooo. From there I will get the loot from him. This guy is on money!!!

I was just concentrating at the numbers of DS only and giving the top price it will get to unknown that there is another one(DF). I lost interest in it when those south Africans messed the firm up and were churning loss after loss.

RabbiDoracle:
Oga Emma, did you buy DF??

Talk ooo so that I will bracket you in Lagos. If Na to carry one carton of Dangote Spaghetti, let it be my "owo load".

You are just sharing money anyhow here and I was sleeping. Bus don waka go.

stcool:
MY Target price for WAPCO 1-3MTHS is[b] N80[/b]...I would Take profit. Long term N180-200

RabbiDoracle:


DeRuggedProf is buying!

Jisike o!!!

emmanuelewumi:
Just finished payment and the paper work for my Lafarge right about 3 hours ago.

I learnt the issuing house wants the returns by tomorrow, instead of the usual 5 working days after the offer.

Let us see how it goes by the end of March 2018.

DeRuggedProf:


My Oga,

I finished buying two weeks back.
I have only three stocks in my portfolio {NOT BASED ON ANY FORMAL/NORMAL ANALYSIS}.
I have chosen to GAMBLE going into 2018.

1. Transcorp = 64%
2. Diamond = 27%
3. Access = 9%

I am in DAT.....

I will do my best and NOT PUBLICLY comment on ANYTHING that concerns these three stocks until I sell, coz I am PSYCHOLOGICALLY COMPROMISED....



ON MY WATCHLIST:
1. DF
2. Fidelity
3. Afriprud.
4. Zenith.
5. Access.
6. NB

Agbalowomeri:


You meant Aiico?

shigidi:


You can always join at 12 naira . Its never too late

PETERiCHY:


Bear in mind that before any upward movement Dangote flour will consolidate around N10 for the next 6 months.

*ThE OcToPuS*

PETERiCHY:


Bear in mind that before any upward movement Dangote flour will consolidate around N10 for the next 6 months.

*ThE OcToPuS*

RabbiDoracle:


I don't think it is a bad idea to raise money cheaply (via rights) to reduce expensive debts. This will help alleviate the finance cost pressure holding down profitability. Guinness did it. Lots of companies do that.

If you look at the numbers for their report, you will not be compelled to buy because profitability ratios will be negative. However, a contrarian investor can actually buy and make projections that if they pay down debts, finance costs will reduce, then the company will return to profitability. He may stay longer.

People will argue about opportunity cost of tying money down.

For me, looking at the reports, it isn't good. If the price can hit N15 , then I can say that the upside will be better for me at that price and I will see value in it.

Cadillac15:


Peter. I beg you in the name of everything you worship (including your Dumptrucks); ignore Dangote flour until 2020. The fundamentals are not good for you and will cause you loss. Just continue loading WAPCO. That's a winning stock. Please

PETERiCHY:


Bear in mind that before any upward movement Dangote flour will consolidate around N10 for the next 6 months.

*ThE OcToPuS*

Cadillac15:


Peter. I beg you in the name of everything you worship (including your Dumptrucks); ignore Dangote flour until 2020. The fundamentals are not good for you and will cause you loss. Just continue loading WAPCO. That's a winning stock. Please

chinedusamson:
Hi, how can one buy stocks from the NSE. Please I've been aspiring to know, invest and trade stocks. I believe I'm in the right forum. Please any good info will be well appreciated.

Cadillac15:


Peter. I beg you in the name of everything you worship (including your Dumptrucks); ignore Dangote flour until 2020. The fundamentals are not good for you and will cause you loss. Just continue loading WAPCO. That's a winning stock. Please

RabbiDoracle:


I just checked it now. The report is ok. I can see they are doing rights to clear part of the debts and then the finance cost. The effect of this reduction in the finance cost should impact on the PAT.

The rights is just 1.47b units. IMO, Not much effect on dilution since the PAT will increase due to reduction in debts(Finance cost).

If you bought early this year or late last year at N14 to N18, I believe you are safe to ride long!

Revenue is growing. It is a good business.

This result is different from Wapco. Not saying that money will not be made in Wapco ooo.. I would rather put money here(FM) at N30 than do N43 for wapco.