₦airaland Forum

DeRuggedProf:
A bad basket was once good.
I NEVER EVER WILL EVER advice my enemy to do that..
It has dealt with me many times.
There is always a portion of a company's info that is unavailable to the public...

Be vigilant and always re-evaluate your basket's strength at all times. Once it shows signs of weakness, change it.

I have my entry price, exit price, acceptable maximum loss and stay duration always spelt out before i enter any trade.

DeRuggedProf:
Dangflour now?
Just avoiding broker's axe pls bear with me.

Thx.

Brother. Dangflour is already pulling its weight today. So just calm down

Diamond on full offer.

Fidelity gradually going to full offer.

FBNH balanced at N7

leo1234:
Do you think q2 result will have much effect on the price?
How about interim dividend?

It might. But i will enter the stock in September. Have my personal reasons.

yom2:
u ve been talking about dis anouncement for weeks now, pjs what is it all about?

They will brief us on what they used the Dufil prima deal money for.

veecovee:
hope all food's not in one basket

My brother. It is better to put all your eggs in one GOOD basket than to put them in several faulty baskets.

leo1234:
If coolcash is still planning to enter fidelity, that means I still have a long way to go with my fidelity.
What's your take on Afriprud and wema bank?

Cc: Bullbearmkt
Currentprice

Afriprud will perform after the release of results. Thats my end of year bus.

DeRuggedProf:
Decoded!!!
Dangote uses others to clean up messes since the days of John the baptist...

Very correct. I'm already 100% loaded here. Just waiting for the necessary announcement.

Bianco1:
@DeRggedProf...what is "DUFIL" please?

Dufil=Indomie=Dangote Flour

mendes911:
@Peterichy, King of Octopus(sy).

Kindly find attached, I have further upgraded the picture you sent earlier.

No wonder how you use PHOTOSHOP to upgrade your account, a poor account remains a poor account. An empty vessel remains an empty vessel. Enjoy your paper millions.

Men!!!!!!!!!!!!!

Na 182,500 this guy get for acccount o. And him don dey buy millions of shares +TB since 100AD.

wonders shall never end

Thunderlicious:
So na you load that 10,000 units abi.

Was part of it. My volume was filled in bits.

makashava:
The bear is near...trade cautiously.

Which stupid bear? A friend of mine just went to liquidate his fixed deposit about 20 minutes ago and was trying to convince me to join him as people are making money in the stock market.

I feigned ignorance as i didnt want him to know my investment plans. People are beginning to have confidence in the stock market and the confidence level is amazing.

This is in addition to the influx of usd from the NAFEX window into the equities and treasury market.

Wont convince you to hold your shares but you will only regret not playing in the stock market right now.

Gracias

Myconfidence in Morgan just increased greatly. Just like humans and computers, shit is bound to happen occasionally but how you resolve it matters.

They are up again and i have loaded my additional units of Dangote flour at 5.25, an increase from my intended rate of 5.06 this morning.

Mr dangote, your target has been increased. Please work hard.

stcool:
Now that morgan is back all of them screaming I want to sell would end up not selling. See them just looking at their monitor

You just dey yan dust. We still cant place order or view market. Only ur portfolio.

Morgan is back online.

But account overview and market is not updated.

Quarter bread

DeRuggedProf:
What is offer and bid status for Dangflour?

Here it is though this platform is not robust to show all.

veecovee:
delay is sometimes dangerous. Its good to take advantage of any opportunity while it last

Worry not bro. Somebody has started mopping up Dangflour at 5.26. And from what i am seeing, its going to close on bid for the third consecutive day.

The anticipated news is not even out and the stock is rallying. Imagine what will happen when the announcement is made to the world that they are a dividend viable, profitable company again.

My only anger is my inability to buy today.

I wont want to insult or put down Morgan Capital but they just spoil my opportunity to mop up these available dangote flour at 5.06.

Very Annoyed.

emmanuelewumi:
Please what is the share capital of Dangote flour

Sorry for the late reply. 5BILLION SHARES

mendes911:
If you wanted to sell and upon logging in, meets a total bid exceeding 50m units, will you still sell?

No sir. This time, knowing that the good news is not out yet, i will be here till july ending or more.

Princkez:
were is Cadillac15

Most pple that want to sell their FBNH are trapped by Morgan's Platform. Once it comes up, you will see offloading again

Already on 4m+ with dangote flour. My body is sweeting sweeting mee.

[Nigeria] Dangote to spend 10 billion dollars on rice cultivation, gives tools to block makers
30-05-2017 02:53:00 | by: Andrea Ayemoba | hits: 4296 | Tags: Agribusiness
Food & Retail
Nigeria

The Dangote Group shone at the just concluded 2017 Gateway Trade fair which was held in Abeokuta, emerging as the second most patronised exhibitor, just as the Group disclosed that it was investing N10 billion dollars in rice cultivation in five states to boost food self-sufficiency.

To mark its Day at the Fair, a subsidiary of the Group, Dangote Cement, gave out several tools and implements to the block makers in Ogun State in appreciation of their patronages. Tools such as wheel barrowers, shovels, umbrellas and hand gloves were donated to block makers who assembled from different areas of the state.

During the 10-day trade fair, Dangote Flour delighted customers and participants with free sampling of its new pasta products. The wet sampling made the Group’s pavilion the center of activities at the Fair as participants trooped in for their daily meal. Customers were rewarded with branded coolers, kitchen aprons, exercise books and customized ladles.

Commending Dangote Group for its sponsorship and participation at the Fair, President of Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) Mrs. Adesola Adebutu said the support given by the Group went a long way in making the staging of the Fair a success.

She commended the Pan African Conglomerate for its giant strides in economic development of the country through massive investments in several sectors of the economy describing the feat as worthy of emulation by other Nigerians.

A director of Dangote Group, Tunde Mabogunje who represented the Group at the special day, said that the partnership with OGUNCCIMA is beneficial as Ogun State is the host of the 12 mmtpa Dangote Cement Plant, Ibese, the second largest cement plant in Nigeria.

Dangote Cement, he said, “through the plant provides thousands of direct and indirect jobs in the state. As a responsible corporate citizen, we participate fully in all events and activities designed to drive social and economic welfare of the state.”

He described the theme for this year’s Trade Fair: Promoting Agricultural Value Chain through SMEs for Nigeria Economic Recovery as being apt, given the nation is now paying attention to Agriculture, which has the potential of becoming the major driver of the economy instead of oil, pointing out that in line with the theme the Group is at the forefront of job creation and is the largest employer of labour outside government.

Mabogunje stated “We have been contributing our quota to the growth and development of the Nigerian economy. Towards aiding agriculture, we are building a fertilizer plant in the Lekki Free Trade Zone, Lagos State. When completed, farmers will have regular access to fertilizer for their farming activities. The delays and disruptions experienced in waiting for imported fertilizer will cease.”

“We are investing about $1 billion in rice cultivation. We have an outgrowers scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice.”

http://africabusinesscommunities.com/news/nigeria-dangote-to-spend-10-billion-dollars-on-rice-cultivation-gives-tools-to-block-makers

leo1234:
The guy is trying to justify the reason he exited fbn too early.

Disclosure: I am present in both dang flour(60%) and fbn.
Sold most of my fbn @ a loss last year for cryptocurrency.(ROI> 700%)

First sentence true. And i made a huge gain that is ok for me at my target price. No greed.

Third sentence, I'm interested. Mind being my mentor there?

See person wan sell 10m+ units of FBNH. No Buyer. Could this be daddy GO?

veecovee:
don't boast. No one knows it all, we are all speculating here. Something negative can still happen to any stock despite anyone's recommendation. I had this stock oooo, even bought more today, due to the fact that dangsugar continued with bid and no offer for the 2nd day. I bought because some how it must affect danflour...which just happened few minutes after my purchase. Both of them used to sell N12 and the other N13

Not boasting bro. But when one presents facts that are true at the moment and some other person faults it without presenting facts, you have to expose it.

Any which way, i already gave dangote my target. He should go and deliver asap.

Good. Next time you guys will take me serious when i recommend a stock. Dangote flour has officially dried up. Let the price adjustment begin.

Coolcash1:
https://www.thecable.ng/dangote-flour-mills-building-profit-second-year

With N10b accumulated loss sitting in equity, I don't see it paying any interim or final dividend (at year end) as being touted by some people...

Dangote Flour Mills: Operators weigh impact of divestment on shareholders

By Nkiruka Nnorom

THE divestment of Dangote FlourMill Plc from its noodles business will result in more value accretion to its shareholders, operators in the Nigerian capital market have said. According to them, selling the noodles business will allow the company to concentrate on the pasta and flour businesses where it has efficiency and competitive advantage.

Dangote Flourmills had said last week it has sold its noodles business to Dufil Prima Foods Plc, makers of the Indomie Noodles. The company said it took the decision after a regular portfolio review revealed that Dangote Noodles was not strategic to its vision.

According to the company, the divestment was part of strategies of focusing on core areas of flour and pasta production where the company has substantial market share. With the divestment, Dangote Flour will now focus on its strengths in flour and pasta and become more profitable by improving in areas of quality, distribution and marketing. Financial Vanguard analysis of the income stream of the company showed that the noodles business represents only a minute portion of the company’s operation. In the year ended December 31, 2016, it contributed only N8.14 billion, representing 7.7 per cent to the company’s total revenue for the year. Dangote FlourMills raked in N105.77 billion in 2016.

According to Tola Odukoya, the Chief Executive Officer of FSL Asset Management, shareholders will still get value since the company would rake in more money from the sale. “Based on whatever due diligence they must have done, they are letting go of a division of their business that they believe they cannot make more efficient now under their own management,” he said.

Odukoya noted that based on the greater efficiency they will get from the divestment by concentrating only on the flour and pasta business, shareholders will still get more value at the end of the day. “By the divestment, they are simply saying that in terms of noodles business, they do not have the competency and efficiency to run the business and rather than using shareholders fund to continue to run the business, let us sell it to somebody who can do it better and get value for it, which means that shareholders’ value has increased in that regard.”

Johnson Chukwu, Managing Director/CEO, Cowry Asset Management Limited, said: “If a company is divesting, two may happen. One is that the company can pay special dividend to its shareholders from the proceeds of the divestment and it can also decide to reinvest the proceeds of that divestment into its operation to drive its core business.

“If the company decides to reinvest the proceeds of the business and that reinvestment leads to higher profitability from its core business, then we will see an improvement in the stock price, but if in the alternative, the proceeds of the divestment will be shared to the shareholders as special dividend, then you are going to see a downward correction in the stock price of Dangote FlourMill share price.”


Link: http://www.vanguardngr.com/2017/04/dangote-flour-mills-operators-weigh-impact-divestment-shareholders/

Coolcash1:
https://www.thecable.ng/dangote-flour-mills-building-profit-second-year

With N10b accumulated loss sitting in equity, I don't see it paying any interim or final dividend (at year end) as being touted by some people...

Flesh and blood did not reveal this to you. This is a spiritual revelation.

They wanted to come tell us what they did with the proceeds of the dufil prima deal but had to shift it because of the MRS visit.

My guess is either way given what i have read and heard from pple on the exchange.

1. Since its an asset disposal, they might decide to pay shareholders interimdividend since asset disposal is not affected by the policy on retained profit - its not a profit nor a loss grin

2. They might decide to use the money to nil off the accumulated loss position and make the company viable for dividend payment again. I am only wondering how much was paid and other conditions attached to the sale. Anybody with that info should kindly help out.

But if its the dangote i know, all the flour used in producing indomie henceforth will come from dangote flour.

Either way, he must give me 20m+ before july ending. Gotta do something with that money urgently.

Be decieving people while you mop up at 4.40. I am seeing your handwork. Later you come and tell us cock and bull story of how you quickly mopped up this morning when you saw the prospect last week.

fxuser:
Dang Sugar breaks N9
ETI breaks N13
FBN profit taking ongoing (still long term bullish)
Zenith finds support at N20

Hahaha. FBNH!!! The greed of later entries killed it. Knew this would happen. Leave once you get ur target profit.

DeRuggedProf:
PROMISE FULFILMENT::

I am exiting FCMB tomorrow.
Goodluck to Loco.
Heading to Dangflour.

NB: Dangflour is not recommended.

Please dont come to dang flour yet. Tried increasing my holdings yesterday, but pple like u made it impossible at mu price. Wait till Monday.

Princkez:
FBNH offer drying up....final boarding for DANGOTE FLOUR

FBNH rally has ended. Till QTR 2 results shows.

soloniger:
you no wan take jara (extra)

No sir. Slow and steady, wins the race.