₦airaland Forum

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Popson92:
Dear All,
Please which stock would you suggest a begginer may start investing in to learn before going big?

I'd appreciate audience.

A beginner should be investing in knowledge before investing in stocks.

yMcy56:
You can simply give your own opinion and stop quoting mine.
You may also do well to stop displaying your ill-mannerism publicly.
Hope you didn't skip your dose

Please don't descend into the gutter with anyone for any reason!

ogoo4real:
So what do you advice if one is having Dangsugar or Nascon shares for now, should one wait for the merger to take place and see what Dangfoods will be listed before taking any action?

Wait for more announcements about the merger or contact a financial advisor.

yMcy56:
That's the work of the Valuers and will be subjected to monitoring by the relevant Regulators .

L The Equity Valuers knows what and what to consider to arrive at the appropriate value. They're professionals in the field.

The number of issued shares of DANGFOODS will also be a significant factor as well as the exchange ratio.

ebuka1997:
Ministerial list looks bad, looks like the same old. Don't see what pushes this market again after q2 results finish dropping https://thenationonlineng.net/el-rufai-wike-oyetola-alake-fagbemi-make-ministers-list/

Same elephant, different vision.

yMcy56:
Oga, come and see your people again o.....
Dey no wan leave this Kobo stock alone.........on top your warning and that of Value investor .....

So can those who picked @1.47 still wait for your 3yrs?

You shouldn't be responding to every comment. Disclosure: I am in Japaul though not as heavily as I would have loved to before the analysis paralysis.

https://www.vanguardngr.com/2023/07/etranzact-processes-over-n50trn-transactions-assures-shareholders-on-regional-dominance/

A N10 per share stock with EPS of N0.16. Issorite

aj8:
Research! Research!! Research!!! A must to minimize risks. Caution ⚠️ Need to filter noise.

One man's food.

Agbalowomeri:
You came in late probably

You gerrit. If you are not one of the people who was attracted to the market by the noise, you should be fine. If you plant your own seed during harvest time, the result will not be okay except na GMO seeds.

Streetinvestor2:
No company on nse will see my money via po or right issue. It get why.i don fall that mugu in the past

Many have learnt to play safe with their money but the movement is there for the Profit Opportunity in FidelityBank.

locodemy:
Peter obi

😉😉😉

thesilentone:
From this, it would appear only ETI shows a reduction. I wonder what this represents for the tier 2 banks

You are reading the data the other way round.
Impairment Vs SHF not SHF Vs Impairment.

https://www.vanguardngr.com/2023/07/court-asks-ecobank-to-pay-n72-2bn-damages-in-favour-of-honeywell/

The rumble continues.

monopolistic:
Oba personally guaranteed the LOANS. hence..If it was Access Bank..Guess what...

Ecobank is OYO here. Even Access Bank will not go against the settlement by the Bankers Committee as Ecobank seems to be doing.

Mpeace:
The man they are fighting is not even saying any thing. He knows he can easily pay off the said bad loan and still increase his stake in fbnh especially now that the directors and other stakeholders are observing the closed period. But he also knows that he is no longer liable for honeywell debts and If I were him, I will simply sue Ecobank for all the embarassment.
The law is clear that a buyer buys both the assets and liability and that a guarantor only comes in once the company cannot pay back and has no asset to be attached.
Flourmills already bought the assets and liabilities of Honeywell, and are therefore liable for the loans. Why chase the Oba around when Flourmills have not been liquidated.
Its very unfortunate that most of our banks have very very poor legal departments. You need to see how many of them get messed up in courts across the country

If FMN purchase agreement contains indemnity against future liability arising from any ongoing court case, they may be able to hold Oba responsible otherwise, sorry is their name. The devil is always in the details.

Worst case scenario would be some slap on the wrist for Oba.

emmanuelewumi:
Yet to get the figures for the Rice business. I believe the rice business should be smaller than NASCON

Should be in the region of ratio 5:3:1

emmanuelewumi:
These are the figures based on the last audited financial report of both companies, probably they might audit their accounts for half year or before they commence with the merger


DANGOTE SUGAR

Current price N29.85
Shareholder's fund N171 billion
Book value per share N14.1
Earnings Before Interest and Taxes N91 billion
Profit after tax N55 billion
Outstanding shares 12.1 billion
Return On Equity 32%
5 years average ROE 23%
Current EPS N4.50
Normalized EPS N3.17
5 years average EPS N2.37
Cash and cash equivalents N175 billion
Operating cash flow N105 billion
Free cash flow N79 billion
Operating cash flow per share N8.90
Free cash flow per share N6.53
Cash Flow Return On Investment 56%
Return On Capital Employed 44%
Free cash flow margin 20%
Free cash flow yield 21%
Net profit margin 13.6%
Gross Margin 22%
Enterprise value N396
Enterprise value/FCF 5
Enterprise value/EBIT 4.35



NASCON

Current price N25.5
Shareholders fund N19 billion
Book value per share N7.17
Earnings Before Interest and Taxes N9 billion
Profit after tax N5.5 billion
Outstanding shares 2.65 billion
Return On Equity 28%
5 years average ROE 25%
Current EPS N2.06
Normalized EPS N1.80
5 years average EPS N1.30
Cash and cash equivalents N13 billion
Operating cash flow N3.5 billion
Free cash flow N2.6 billion
Operating cash flow per share N1.32k
Free cash flow per share 98kobo
Cash Flow Return On Investment 14%
Return On Capital Employed 35%
Free cash flow margin 4.5%
Free cash flow yield 4%
Net profit margin 9.5%
Gross profit margin 41%
Enterprise value N83 billion
Enterprise value/Free Cash Flow 32.
Enterprise value/EBIT 3.6


You can compare and contrast. Definitely both companies can't have the same share exchange ratio

How does Rice figure here?

megawealth01:
Sentiments apart the MAKANJUOLAS have been managing Caverton for years now... And I don't think they are doing so poorly... The loses they had was from their Cameroon subsidiary... Hopefully they will have some fresh air... I have decided to make plans to buy Caverton top-ups so I can average in the days ahead if possible I'd hold some

My experience with Albarka has taught me to stay away from the shares of all flying objects within the Nigeria space!

Mfunkynation:
but I thought it was "carverton to the moon" before

To the moon and back.

debeey87:
My worry is the OS for the combined company. When savannah shareholders were integrated into Dangsugar, the OS increased and not much for dividend. I still wondering how Nascon shareholders will be integrated without increasing the OS for the resultant company.

The OS for Sugar, Salt and Rice will be cancelled and the Foods shares will be issued in exchange to the existing shareholders of the 3 companies. The exchange ratio is the koko and not until the proposed merger document is released, all discussions and decisions will remain guesswork.

thebargainhunte:
Brent @ $79.213 expect more upward movement in energy stocks.

Expect upward review of pump prices for pms.

There needs to be some form of consolidation in the IT/Tech (Commercial Sector) where the likes of E Transact, Chams, Triple Gee, Thomas Wyatt, NSLTech, NCR, CWG etc will transform into like 3 or 4 dominant players. The current market capitalisation can make that easier to achieve. What do folks think about this?

LegendHero:
Stop crying. The government is just 1 month and few weeks.

To build a country, it doesn’t take only 2 month. When the FG start rolling out the necessary program that’ll serve as palliative to the people, things will start to change.

All this indices you are seeing are what contributes to stability in the long run. Relax and stop being an angry bird over every positive Nigeria news.

Anybody that wants to cry should cry, atleast he owns his tear.

Deadlytruth:
OMATEK. It's on full body and has been green from N0.20 on SA.

It was a GTBANK supported enterprise in those days but I don't know about now. It will definitely be an opportunity for GTBANK to realise some cash on the shares It warehoused as collateral. For all intent and purpose, the company is beyond being distressed.

Mankindman:
Here is the letter I just sent to the Board Members of INTBREW today.
international.breweries@ng.ab-inbev.com

My own is that INTBREW should bend down low.

ositadima1:
The euphoria of the new regime is helping the market right now. But, once the dust settles and investors realize that a lot of what is happening is superficial and the underlying problems remain, the market will react accordingly.

If we agree that bulls and bears are part of the market, then it is certain that bears will come.

The problem is that some stocks have risen almost parabolically, and that is the same way the bears will come. All these stocks that are making 300%, 200%, and 100% in just a few weeks – I hope people are booking profits, because when the bears come, it will be bloody. It may not allow those caught in it to pull out their funds without serious drawdowns.

Let me go back to my beer drinking.

With the exception of a few names, what we are currently experiencing in the market is a repricing due to currency float. Thereafter, there will be consolidation and financial performance will be the major determinants of individual price direction.

essentialone:
45 ke. For IB that is trading at N5 ?

You can choose to ignore the prophecy at your own risk.

Frangel:
This is more like it. Closed period comes to mind when insiders are restricted; and corporate raiders can have the field.

That's over 10% shares of FBNH.

The closed period is always before the public declaration of FS.

Mcy56:
Lol.
Make I edit before someone quotes me.....we see how it goes..

Btw, any risk taker can pick some UNIVINSURE, it's getting serious attention since market opens....

*Pls note: Risk taking! Based on the volume!

Even Prestige dey gbe bodi.

Yoast:
Never buy or sell stocks using the MARKET option. Use LIMITS. Learnt that lesson today. These stock brokers are digital thieves

Limit buy or sell could be a 2 edged sword.