FOR THOSE INTERESTED


FLOUR MILLS OF NIGERIA PLC is pleased to invite the investment community to its Analyst call, during which the Chief Financial Officer (Anders Kristiansson) will discuss the financial results of the Group for the 3rd Quarter ended December 31, 2019. The call will take place on Thursday, January 30, 2020 at 14:00 WAT (13:00 GMT).
In order to receive an invitation to the Analyst call, please complete the PRE-REGISTRATION FORM.
In case of connectivity challenges, please call +27 11 305 2000.
A replay of the analyst call will be available until Friday, February 4, 2020, using the following numbers:
South Africa: 010 500 4108
UK: 0 203 608 8021
Australia: 073 911 1378
USA: 1 412 317 0088
International: +27 10 500 4108
Access Code: 30520
The presentation for the call will be available on the Investor Relations section of our webpage, www.fmnplc.com, shortly before the call.
For further details, please contact the Investor Relations team via email at investorrelations@fmnplc.com

I had to go back and double-check to be sure we were looking at the same CAP result.

Agbalowomeri:


Oga how many times you don come cry for here for series of murders and bombings in your country?
Naija people I hail una

Its a complicated thing. A role model or hero of any nationality that you can attache a face to may attract sympathy and reaction at a time like this....

Anyway, its an individual thing. Some people no send even if na their flesh and blood.

Mcy56:
Chibuking is here with bad news again.
Na joke o.
Meanwhile, here is another one, its a forwarded msg:

*Edited: Chibuking posted the devaluation link already.

This thing you posted is almost three years old o. Techno Phone has still not dropped in the market.

Toluway:

My assertion is authoritative please. You are supposed to ask for my source instead of talking categorically on what you've not sure of. My information is official.

Please cite...

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/28632_UNILEVER_NIGERIA_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf
This is serious

Why are they releasing an "Un-audited Financial Statement" to the market? Dem no get auditors?

Bomboclad:
The current depression in Access bank might be a blessing in disguise for those in the bus, and those wishing to enter.....hmmm!!

True...but watch that investment or trade very closely.

Mcy56:

Okay, thanks. So why didnt people fear that it may send Zenith price to 12 region then considering the volume?
What if Access Director needed to raise enough cash for other interests? Has he done something wrong?
Make una no vex o, I'm just trying to understand the rationale behind the fear ni.

Thanks Oga Pluto and Oga Rebekah for your response.

From what i have read on this forum and others so far, i think these are the reasons why people are concerned.

1. It is unusual to lift a closed period that has been imposed because the board is meeting to consider the audited accounts before sending it to CBN. It either means that by that date, the auditors will not have finished the audit or that there are disagreements with the auditors on the audit which may not be resolved by that date.
2. Point number 1 is worsened because a key management staff has now taken advantage of that lifting of close period to trade in his shares (forget for now the quantum of shares traded) and key questions that arise are
a. Was the closed period lifted to enable him trade in these shares?
b. Is he privy to a fact by virtue of being an insider that other people do not have?

3. Concerns remain about the Q3 accounts especially in view of the the abnormal administrative expenses and the fact that it seems implausible and improbable that a bank can declare such growth in asset and profit from acquiring a bank that most analysts agree had bloated asset figures and had struggled to declare any profit for years.

All these do not necessarily prove there is anything wrong with the bank or its books but just seems unusual. It is now left for individual investors to analyse these fact and attach different weights of importance to them. Different actions will be expected from those who are adept risk takers and those who are very risk averse and are focused on not loosing money. In any case, sooner than later, the real reasons will become clearer.

In the case of Zenith Bank, a FPI sold for sure through Stanbic and there was no need for disclosure in the NSE portal as they are not insiders. Many things could have driven this including portfolio rebalancing etc. We do not know for sure.

Mcy56:

I just dont get something here.
When one director was busy offloading Millions, if not billions of Zenith some days ago, you guys kept holding the faith and didnt fear.
You all saw it as a bargain opportunity, what makes the Access sale now different?
Is it because the Zee director did not announce his own or what?
I'm just not understanding...............
OK. Access' price may go down small cos of the volume sale, but may not be that bad as we may think.
Let me come and go and read you guys reasons for the panic anyway.......but I see no panic so far............

A FPI offloaded Zenith and not a Director.

Agbalowomeri:


You wan try how the guy cry that day

Trouble maker. Who wan try you for primary school?

kolaish:
That stock was among the stocks promoted by Abayomi Obabolujo in those days (around 2007 or so). I remember going to Abayomi's office then at Onipanu to buy 50,000 units at N5 per unit (that is totaling N350,000). The one that pains me most is that a friend of mine also bought 60,000 units simply because he saw me buying and thoughts the future of the stock will be bright. Japaul was the basis of comparison then as Japaul was selling around N12 or so.
The truth is that I investment in Geofluid is a mistake and I have since move on. They have a registrar which I cannot remember now. So, you can find out any information you want from the registrar.

N250,000 you mean?

Lol....You guys should not be too uptight. "tear shirt" is a figure of speech and intended to be humorous.

When he used terms such as "smell moi-moi when dem never grind beans" and "Share price wey just take break for Ore to drink red bull before advancing" , nobody complained o because portfolios dey enter green.

maishai:
Access Diamond would have been the sweetest but over analysis killed me, both from the access side and the diamond side

Dangote flour deal should teach everyone that holding stocks @ least for medium term pays especially those that are trying to clean up their houses, I can still remember someone giving analysis of how Alhaji was buying for #3 a stock that was selling for 0.80k, and in less than 5 years Olan now pays #20+ for the same stock....... No pain no gain


Currently UACN, Larfarge, FO are doing some form of house keeping


Guinness is doing same but I can't pay #30 for Guinness, I will buy towards the end of this administration, by then it must have fallen.....


Dangote Cement will Start a kind of cleanup after Jan 22 Egm

Lightning does strike twice. Guinness is very unlikely to drop materially in price.

Mcy56:

Lol. Oga kolaish, you earn my respect back for replying in a matured and friendly manner. Na trouble I wan find before.
Pls note that the ogas, including your able self have been doing great in this forum, that one or two predictions or analyses went wrong doesn't invalidate the facts and figures most times and we shouldn't use it as an avenue to attack or insult anyone. It's well.
As for Agba, advances ke? Na women dey russ him o .......but I'm not among sha.

Lol...very mature response and approach. Let me be matured and stop there and not refer to other people......

RabbiDoracle:


Okuko nti ike, na nu ife na ite ofe! That will be the name of the decline.

Egwu di kwa...

Loco nwanne bia nu nkaa

Toluway:

I'm beginning to savour your ubiquitous, consistent and selfless updates. More grease to your loins

Haba...how loins take enter this matter?

Mcy56:
Market opened on a very good level.......prices looking up so far.....

UBA doing 8.60 as at now
Fbnh, vexing....7.45 now
Wapco, ETI, Zee.... Doing well.....

Updating........

Please keep up with the commentary. I dey enjoy am. I no dey even go portal to check too much again.

RabbiDoracle:




Drink on my head. I will pay.

Okay. 2 bottles of Hero, 1 Nkwobi and 1 Isiewu.

Thanks.

Agbalowomeri:
So this is why I called out the bulls on the daily
My favourite double bottom BB
With the powerful W
The front wing closing above the region where the letter W is placed
With above average volume V
The nearest resistance is the top of the trailing wing of the W at 27k8
If ASI breaks 27k8, then it's a long ride to 31-32K
Enjoy

Gracias!!!

Why did i even open this thread. You sound like someone with low self esteem.

emmanuelewumi:



That was why I said things are not well with the former CEO and the parent company.

If the former CEO left voluntarily, he can't pick up an appointment with a rival company.

In the telecommunication sector if a management staff resigns he can't pick up an appointment in a similar company in the country until a period of 5 years...

In most cases whenever they resign, the cross over to the banking, manufacturing, oil and gas etc.

The former company secretary of Lafarge resigned about 2 years ago to become the company secretary of a bank

There need not be any problem between the CEO and the company before he resigns and picks up appointment in another company immediately. There is mobility of labour. You can resign and pick up another appointment in any sector, including the one you are resigning from if you have a better offer. The lady company secretary you mentioned was head hunted by the bank and gave due notice to Lafarge, took a short vacation then resumed at the now defunct bank.

In the case of one company buying another one in a nascent industry, as part of the sale and purchase agreement, for an additional fee you can agree with the sellers not to engage in competition with the company they are selling. It does not stop them from entering another business line altogether.

Mcy56:

My own question is: When is the unbundling going to take place?

Still uncertain. But what you should be watching out for first is the recapitalization of UPDC which will likely precede the un-bundling if one judges from how they presented the different steps to the restructure in their release to the NSE. If this is the case then don't expect any un-bundling till maybe late Q2 of 2020 after all the steps to the rights issue have been completed.

Me thinks they are delaying because they may have one or two additional subsidiaries they want to get rid of and/or maybe eyeing acqusitions as well.

pluto09:



For UBA, new units of shares of UCAP and APR were created to be issued to uba shareholders.
I know UACN is the parents company of both UPDC and REIT but I also understand that you can not pluck units of shares from the air. It is either they create new one or some unit holders are given up their shares.

UACN will simply cede the portion of the shares it owns in both entities while other shareholders who hold the shares independently will retain theirs. If UACN owns 60% of the shares, then that's the proportion that will be given to existing shareholders of UACN in an agreed sharing ratio. If some existing shareholders of UPDC and REIT do not own shares in UACN, they wont be getting any additional shares from UACN. That's how i suppose it will work.

seyisanya:
So Fidelity has finally leave FCMB behind...

Too early to call...

Intendy:
Stock with new 52 week lows

Dangote Sugar #16.00k

Low kwa?

RabbiDoracle:


People are making money even if the market wants to fall.

Those who bouggt at August low must have cash out with over 60% gain in some stocks.

But what I do not understand is why can't the market fall if it wants to. It is not. Then rise well na and it is not rising well.

1. It appears you are not ready to settle down so I have to move on.
2. You are not caring
3. Your friends are more important to you than me
4. My heart is too fragile and i dont want anybody to break it
5. Complete silence (maybe for the fun of breaking up with me)

pluto09:



DC produces more than 30MT and the market values it at N2.4trillion.
WAPCO is 10MT and the market values it at N224billion.
OBU will be 8MT and they valued it at N1.2trillion.

When Obu is eventually listed,Mr market will place it where it belongs. That overvaluation can not stand for long.

A word is enough for the wise!!!

Uchetoba:
Good morning all

There is need for us to return to the discussion about CCNN merger with Obu Cement I will not like us to miss out

CCNN is will be delisted and Obu will be listed on 8th January 2020

The publications so far are not very clear as to how much the listing price of Obu will be but they are pointing towards N35.11

Like I said earlier I don't think it's a bad Idea to buy CCNN @ its current price and sell on 8th January .........

There is no co-relation between listing price and how good a stock is or will do. Remeber C&I Leasing and Notore?

Mcy56:

Loco laugh me small na, haba!
My bros, you wouldnt understand jare...but I sold with little profits.

My Sister, No be say i dey put mouth for your matter o but look your portfolio and decide say you no go sell any stock for the next 6 months. Infact if you can do without looking at prices for the next 2 months that will be helpful. With the way things are going, if you come back in the next 3 - 6 months and sell off half of stocks in your portfolio, you will most probably make much more money than being very active in the market on a daily or weekly basis.

Even the best chartists and fundamentalists will tell you that there are two periods of time patience makes the difference in determining successful stock market players. Patience while waiting for the right entry price, and after you have entered, patience while waiting for the right exit price range.

Even the best analysts and and chartist will go burst if they lack patience. Also remember to always have a stop loss price that you should treat as dogma.

As Agba don run from this forum till next year, i am sure he has entered at his chosen price and is not checking day to day price. Ditto for people like Oracle who are just checking price for fun and i can bet are not involved in day to day activity.

My sincere thoughts seeing how you have narrated your entries and exits in last few days.

Homextras:
Zenith the slow horse...smh...porting tomorrow...

Stay where you are.

locodemy:


Nna eeh.......uwa di egwu