₦airaland Forum

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Stockbiz:
Seems so but the EPS is saying otherwise.

some minority shareholders are chopping pass here sha!

pluto09:
@ Prof, these are my findings on dangote flour and the noddle bussiness;

.The noodles bussiness has not been sold as at june 2017
.It represents a small fraction of the DF group with a contribution of about 1.4% to the turnover
.The operation of the noodles section resulted in a loss of about N400m as at q2

My conclusion,
the management will be happy to give out the noodles bussiness for free just to plug the hole and as such i am not expecting any major windfall in term of cash from disposing off the noodles segment.
You will do well to discount this in your evaluation of what you expect from the company.It is better to have a positive suprise than a negative one.

Wish you a very bullish week!

I thot Dangote Noddles have been sold to those Indomie guys as at April 2017....Dufil

http://www.financialnigeria.com/dangote-sells-noodles-business-to-maker-of-indomie-news-1247.html

stcool:
And you wonder why GTB is N40. FBNH is a joke!

I wont spare any stock that does not perform in 2017. Nigerian Ceo's don't care, so I wont spare their irresponsibility when I buy/sell any stock on the NSE.

This should bring some good bears into the market by tomorrow

Na who make UBA Vex this Morning??

http://punchng.com/breaking-tsa-court-orders-seizure-of-793-2m-hidden-in-banks/

Justice Chuka Obiozor ordered the seven banks to remit the various amounts being allegedly kept illegally in their custody to the designated Federal Government’s Asset Recovery dollars account domiciled with the Central Bank of Nigeria.

The concerned banks are United Bank for Africa; Diamond Bank Plc; Skye Bank Plc; First Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; and Sterling Bank Plc.

According to court papers filed by counsel for the Attorney General of the Federation, Prof. Yemi Akinseye-George (SAN), a total of $367.4m was illegally hidden by three government agencies in UBA, while a sum of $41m was illegally kept in a NAPIMS fixed deposit account with Skye Bank.

The court papers stated that $277.9m was hidden in Diamond Bank; $18.9m in First Bank; $24.5m in Fidelity Bank; $17m in Keystone Bank; and $46.5m in Sterling Bank.

fxuser:
on full bid

I remember asking folks to jump into this as all they do is just to invest in Treasury bills...

now the rates in Tbills are excellent

dipoolowoo:
UBA Cancels Staff Share Investment Trust Scheme
www.businesspost.ng/2017/07/18/uba-cancels-staff-share-investment-trust-scheme/

#Marketupdate: UBA Plc announces the crossing of 2,080,104,955 units of its ordinary shares from the Staff Share Investment Trust Scheme