₦airaland Forum

The result is very bad but the elephant was strong to overcome the impairment and still declared profit.
It will still fly based on good will and hopes for Q2.

betcindy:
Good morning house.pls want to knw whether fbnh has been able to declare dividend for the year ended 2015

They have not released 2015 result yet...

DANGSUGAR - First reaction to Q1 2016 results


April 22 (Lagos) - This morning, Dangote Sugar Refinery Plc ( DANGSUGAR ) published its Q1 2016 results which showed double-digit y/y growth for key line items on its P&L. While sales were up 45% y/y, PBT and PAT were both up 35% y/y and 41% y/y to N5.1bn and N3.3bn respectively.



According to management statements, top line growth was supported by both unit volume growth and pricing. Company increased prices by 22% y/y to N7,574 per 50kg bag to reflect higher production costs which were impacted by increased raw sugar import tariff (from 10% to 20%), higher freight expenses and increased LPFO use, which is 1.5x more expensive than gas.



Sugar sales were up 23% y/y from 211,793 metric tonne (MT). The combination of the topline growth and a -10% y/y decline in opex more than offset a -376bp y/y gross margin contraction and led to a PBT growth of 35% y/y. Sequentially, while sales were up 16% q/q, PBT and PAT both grew by 120% q/q and 52% q/q respectively.



Lower q/q growth on the PAT line was due to a tax payment of around N120m in Q4 2015 vs. –N1.8bn in Q1 2016. Compared with our estimates, sales, PBT and PAT were all in line.



On an annualised basis, DSR’s Q1 2016 sales and PBT are both tracking well ahead of consensus estimates of N108.2bn and N17.4bn respectively. On the back of these numbers we expect upward revisions to consensus 2016E estimates.



Production at Savannah Sugar Company, Dangote Sugar's first backward integration project, which was up 71% y/y from 8,441 tonnes vs. 4,930 in 2015 is one of the positives we draw from these set of numbers. Harvesting is expected to continue through Q2 2016.



Looking forward, DANGSUGAR revised backward integration development projects include a green field development of 46,000 hectares (ha) in Zaria KalaKala (Kebbi State), full rehabilitation of 23,000ha at Savannah along with the Guyuk annex of 6,000 ha planned for completion within the next three years. This is expected to raise sugar production from sugar cane to close to 700,000 MT a year.



We believe the improved security situation in northern Nigeria and enhanced distribution were the drivers behind the higher sugar volumes. DANGSUGAR is in a better position compared with most local manufacturers given that the firm still sources all its fx requirements from the CBN.



Year to date, DSR shares have shed -4.3%, outperforming the All Share Index which has shed -13.3%. Analysts at FBN Capital in Ikoyi expect the market to react positively to the results. At current levels, on our published estimates,



DANGSUGAR shares are trading on a 2016E P/E multiple of 5.8x for an EPS growth of around 2% in 2017E.



Analysts at FBN Capital in Ikoyi rate the DANGSUGAR stock Neutral.
reporting for easykobo.com on Friday, April 22 2016 from Lagos, Nigeria




Source - analysts at FBN Capital
http://www.easykobo.com/News.aspx?id=19394
THIS IS NOT A BUY RECOMMENDATION...

feelamong:
was about to ask this last nite...yet to get mine..

Infact make I call Veritas Registrars now..

Mine has finally dropped. I just got the alert.

feelamong:
Another good day in the Market beckons...

Pay day for Dangote Sugar!

BTW who is monitoring Lifestock feds with me?

Better sell now and come back in December!!

*ThE MoNkEy*

Please has anyone received alert for Dangote Sugar dividend ?

Dangote Sugar heavy volumes transactions going on behind the scene.
We are left in the dark.. What is going on ? Please help me ask men in black.

Please how do i buy SDIGIPLC shares via morgan Itrade ?
SDIGIPLC is listed there but i can't find it when placing order.

The Industrial and Commercial Bank of China Limited, the world’s biggest lender, and Nigeria’s Central Bank on Tuesday signed an agreement on yuan transactions.



The Director General of the Foreign Ministry’s African Affairs Department, Lin Songtian, told reporters that the agreement “means that the renminbi (yuan) is free to flow among different banks in Nigeria and the renminbi has been included in the foreign exchange reserves of Nigeria”.

According to Reuters, the agreement was reached following a meeting between Nigerian President Muhammadu Buhari and Chinese President, Xi Jinping.

“Borrow Cheapest Possible Money”

The agreement came before President Buhari attended the official opening ceremony of the Business Forum on China-Nigeria Production Capacity Cooperation holding in Beijing, China.

A Nigerian government official had over the weekend said Nigeria was considering the possibility of issuing Chinese panda bond to make up for the deficit in the 2016 budget.

Addressing reporters after a breakfast meeting with the business and investment community early on Saturday in Lagos, Nigeria’s commercial city, Finance Minister Kemi Adeosun said the government’s objective was to borrow the cheapest possible money.

The breakfast meeting focused on the imperatives for fiscal discipline, investment and diversification of the domestic economy in the face of strong local and international headwinds such as the steady decline in oil prices and weak global economic growth.

President Buhari is in China on official visit aimed at securing greater support from Beijing for the development of Nigeria’s infrastructure, especially in the power, roads, railways, aviation, water supply and housing sectors.

At the official opening of the forum were Chairman of National Reform and Development Commission, Mr Xu Shaoshi, Nigeria’s Minister of Industry, Trade and Investment, Okechukwu Enemalah, National Security Adviser, Babagana Monguno and Minister of Foreign Affairs Geoffrey Onyeama.




http://www.channelstv.com/2016/04/12/nigeria-china-bank-reach-agreement-yuan/

Oando on full bidding!!!
Any news?

The whole house is quiet.
It is well.
We shall make money in 2016...

manie:
Do you have a Zenith bank account?

Does your surname start with letter A to C ?

Yes i used my Zenith current account and my surname starts with B.

Aks:
Can you let us know when Zenith Bank dividend hit your acct? I am still expecting mine

I just got mine.
Confirmed.

Hello House,
I noticed DangoteSugar price has been adjusted downward to N5.50.
The closure of register is 4th-8th April 2016.
Will I qualify for the dividend if i sell my shares today?

BMZK:
Hello house,
Must one apply to E-Dividend with each registrar of different companies the person has in his/her portfolio Or when once your current account is linked to your clearing house number with one registrar it covers all the registrars ?
NB: i am using the same clearing house number for all my shares.
Please i need clarification.

iyb:
Please help out this is an important question

Please anyone in the house with the idea?

Hello house,
Must one apply to E-Dividend with each registrar of different companies the person has in his/her portfolio Or when once your current account is linked to your clearing house number with one registrar it covers all the registrars ?
NB: i am using the same clearing house number for all my shares.
Please i need clarification.

bigjay01:
If I am not mistaken, I believe the trading engine operates on a FIFO logic (aka first-come-first-served) method. The question is - was the 3m in the queue before you entered yours?

Exactly my thought. Even if it is First In First Out ,the first tranche of my order was filled in the morning around 11am which means i am already on top of the queue to be served at that price.
The funniest thing there was no such order in the bidding. In fact the total bids of diamond all prices included did not reach 2m through out.

I placed an order of 500 units of Diamond bank @ N1.35 around 10:21 and the order was only partially filled at close of market.
But i noticed close to 3 million units were sold at 14:28 at my bidding price.
Please can someone in the house explain to me why my order was not filled?
See screenshots for more details:

cadno:
Abeg anybody knows any loos making company? List them here fast, this is the way to go now, see Oando at 10% movement ,no fundamental analysis needed

GO FOR FCMB

Please any news on DangSugar? Why the sudden U turn from South to North?

locodemy:
There will be damage control in the share price soon but be careful wit this stock as they are planning to bring in cutlass.let me stop here sha!

Thanks Locodemy!

FCMB offers drying gradually.
Please is it safe to enter the bus at N0.87 ?

Is there anything wrong with MC trading platform?
Check Tigerbrands, you will notice 2 millions bids at N1.15 and 1 million offer at the same same price N1.15 but no trading is taking place.
Hope it is not a bug..

Zenith gradually approaching the car park.

I see the same scenario that happened yesterday for FCMB is being cooked for Zenith..
Once they are satisfied with the number of bids, expect massive offloadings.

Zenith put on a fight Not to fall below N12.40 despite the pressure towards the closing. Expect to see more bears tomorrow....

stokfrick:
Did u guys remember the above?

I have followed them jumped and passed with little profit. I am not ready to take the risk and get trapped. At all, at all na him bad pass.

Hmmm. 4 millions of Oando units in one transaction.
Any idea of what is happening at the background?

gbolah4real:
Any news on Zenith?

20 million offers @N9.44. No single bid!!!!

9free:
My brother it's thesame explanation they offered me. I complained that I was not in anyway informed about the reversal of 2015 annual fee and I have no knowledge of it. I have demanded for empirical evidence concerning this issue since yesterday but as I type now they have not replied me.

They debited my account twice also.
I strongly believe it is a calculated fraudulent attempt.

gbolah4real:
Looks like Zenith bank is close to bottoming out all that offer will soon disappear - seems to be one day ahead of everybody

The journey is still far when nobody is bidding.

Where are all the people rushing to enter Zenith at N10.93 ?
We have a left over of more 1.5 millions offers at the close of market..
Patience,Patience,Patience,Patience,Patience,Patience....is the key..

ufotty2001:
I no fit laugh

Over 600k offers at N12.08 but no single bid for Zenith presently.
I quarreled with a friend/business partner yesterday who delayed to remit funds into my account that i needed to enter this bus at [12.70-12.80].
I feel like calling him now and apologize. Baba God thank uoooo.