dipoolowoo:
PHOTOS: CBN Governor Emefiele Visits Buhari
https://businesspost.ng/2019/05/13/photos-cbn-governor-emefiele-visits-buhari/

PallyG:


Trading hall of Nigeria Stock Exchange, Lagos. MTN Nigeria is to be officially introduced on the Nigerian Stock Exchange (NSE) on Thursday as the telecom company has concluded all relevant processes which will enable it list on the Nigerian bourse, two officials told Daily Trust yesterday. The NSE and MTN officials who pleaded anonymity confirmed to our reporter that the telecom operator’s 20.3billion shares are expected to start trading this week.

Read more: https://www.dailytrust.com.ng/mtn-to-list-on-nse-thursday.html

BrokerHaruna:


I don't see that happening except something fundamentally grievous happens in the country

mendes911:


This is NSE. Never Say Never. I don't except any calamity to befall Nigeria but Zenith will most likely come below N16.

mendes911:


This is NSE. Never Say Never. I don't except any calamity to befall Nigeria but Zenith will most likely come below N16.

PallyG:


Trading hall of Nigeria Stock Exchange, Lagos. MTN Nigeria is to be officially introduced on the Nigerian Stock Exchange (NSE) on Thursday as the telecom company has concluded all relevant processes which will enable it list on the Nigerian bourse, two officials told Daily Trust yesterday. The NSE and MTN officials who pleaded anonymity confirmed to our reporter that the telecom operator’s 20.3billion shares are expected to start trading this week.

Read more: https://www.dailytrust.com.ng/mtn-to-list-on-nse-thursday.html

stcool:
I told people to buy CHAMS, DF and fidelity and have peace of mind dem no hear...

Kontinue running up and down.

The lower CHAMS the better I accumulate more, meanwhile I await Olams to pay me N21-26 on DF.

yom2:
they should not have listed more than 2billion shares from the beginning even if its selling at 500naira. that's the path of sanity

austinkenneth:

How did you arrive at N21-N26 for Dangote Flour.
Just went through my own calculations that was giving N19 and can see some errors. You may be right.

rebekah2011:
Outstanding shares of DFM is 5b units. The purchase price by OLAM is 130b. However, discount have to be made for the net cash deficit to arrive at the offer price.

austinkenneth:

What about the working capital adjustment which is stated there? How did you adjust to it?

What value did you get in your calculation?

austinkenneth:

What about the working capital adjustment which is stated there? How did you adjust to it?

What value did you get in your calculation?

fatboyebele:
UMM stock pick of the week

SUNU Assurances plc

Based on fundamental analysis and recent trading volumes, this stock is projected to go on a significant bull run in the near future

SUNU Assurances Nigeria Plc has assured shareholders that recent corporate changes will lead to better performance in the years ahead.
At the annual general meeting yesterday in Lagos, directors of the insurance company said the rebranding of the company and appointment of new management reflected the company’s commitment to long-term growth.

Yayira:


no oo.. instead of getting credit alert, I was debited for EDMMS.. lol nothing wey musa no go see for gate.. but it’s part of the process tho.. let them do and give me my money..

NoMoney:


The consideration is N130b adjusted for Net Working Capital and Net Debt as at the 31st of March 2019

Net Working Capital = Current Asset - Current Liabilities
Current Asset = Inventories + Receivables + Prepayment + Cash = N69.496bn
Current Liabilities = Trade Payables + Borrowings + Curent Tax Payable = N70.936bn
Working Capital = N69.496bn - N70.936bn = -N1.44bn

Please note that Networking capital has factored in all the Cash and most of the debt.

Outstanding Net Debt = Long term Liabilities = Long Term Borrowing +Deferred Tax = -N2.44bn


Therefore Total Adjustment = Working Capital + Net Debt = -N1.44bn + -N2.44bn = -N3.88bn

So in my opinion the adjustment is N3.88bn
Adjustment per share = N3.88bn / 5billion share = N0.78 (ignoring the 5m shares owned by crown flour mills

final purchase price = N26 - N0.78 = N25.22

NoMoney:


The consideration is N130b adjusted for Net Working Capital and Net Debt as at the 31st of March 2019

Net Working Capital = Current Asset - Current Liabilities
Current Asset = Inventories + Receivables + Prepayment + Cash = N69.496bn
Current Liabilities = Trade Payables + Borrowings + Curent Tax Payable = N70.936bn
Working Capital = N69.496bn - N70.936bn = -N1.44bn

Please note that Networking capital has factored in all the Cash and most of the debt.

Outstanding Net Debt = Long term Liabilities = Long Term Borrowing +Deferred Tax = -N2.44bn


Therefore Total Adjustment = Working Capital + Net Debt = -N1.44bn + -N2.44bn = -N3.88bn

So in my opinion the adjustment is N3.88bn
Adjustment per share = N3.88bn / 5billion share = N0.78 (ignoring the 5m shares owned by crown flour mills

final purchase price = N26 - N0.78 = N25.22

deepsuk:
B careful yung men and women Let d price settle

Tolktob:


Mr Sunu!

Chibuking81:



If the bolded is to come true on Thursday then market might close on positive note today, but will close on massive negative note tomorrow. Then people will believe me that current bear is been caused by CEOs of companies get ready to take their position in mtn.

My thought anyway

Chibuking81:


They are good and wonderful entrance, but come to think of it, what if it's the CEOs that are giving it out to pursue another business in NSE, because the rate of offloading can't come from only the members here, or ordinary member. And it's similar to all the big companies like Nestle, Seplat, GTB, Zenith, etc.

Will it be bad to pursue the same business opportunity they are waiting to grab?

Chibuking81:



If the bolded is to come true on Thursday then market might close on positive note today, but will close on massive negative note tomorrow. Then people will believe me that current bear is been caused by CEOs of companies get ready to take their position in mtn.

My thought anyway