₦airaland Forum

yMcy56:
Can remember posting this in Sept 01, 2021.......
My ogas and some NSEMPAs said how possible.......
We'll see how HW's merger/acquisition with FMN will pan out eventually......

FMN is acquiring 71.69% of HW shares......FMN now got the nod to proceed .....

We need to know the buyout price, I hope it is up to N5.

FMW might make Honeywell subsidiary like NNFM.

Flour Mills gets regulatory nod for N82bn acquisition of Honeywell Flour


April 28, 2022

Flour Mills of Nigeria Plc (FMN) has received all the required regulatory approvals to proceed with its acquisition of Honeywell Flour Mills Plc in a deal worth more than N82 billion, BusinessDay learnt last night.

Our reporters learnt that the board of the two companies will now hold their completion board meetings to seal the landmark merger, with directors of Flour Mills likely to be meeting this morning.

On November 22, 2021, Flour Mills announced it had reached a deal with the owners of Honeywell Flour to acquire a controlling stake in the latter.

According to the statement, “for the proposed combination of FMN through its affiliates and Honeywell Flour Mills Plc, a portfolio company of Honeywell Group Limited (HGL). At a total enterprise value of N80 billion, HGL will dispose of a 71.69 percent stake in HFMP to FMN.”

On completion, FMN’s controlling stake in HFM will reach 76.75 percent.

The combination of Flour Mills Nigeria and the flour mills unit of Honeywell Group will form a formidable entity and an unassailable market leader in the agro-allied sector in Nigeria, according to industry players and market analysts.

Flour Mills Nigeria is believed to hold about 40 per cent of the flour business in Nigeria and its leadership in the sector will become even more secure following the combination with Honeywell Flour, which has a production capacity of 835,000 metric tonnes of food per annum.

BusinessDay learnt that the deal has been helped by several factors including the fact that the combination is a “strategic fit” and also the leaders of the two businesses including their chairmen have known themselves for a very long time and have mutual respect for one another.

Flour Mills, which was established in 1960, says it has been in the vanguard of feeding the nation for the past 60 years.

Under the deal, Honeywell Group will dispose of a 71.69 percent stake in its flour business to FMN based on an enterprise value of NGN80 billion.

RX480:
More misinformation, Republicans are about 3% less bullish on Russia but the majority see them as an enemy.

Even Democrats say otherwise.

AOC and Bernie Sanders' 'Democratic Socialists' group blames the US for Russian invasion of Ukraine and demands NATO is scrapped: 'US must end the imperialist expansionism that set the stage for this conflict'

https://www.dailymail.co.uk/news/article-10561299/AOC-Bernies-Democratic-Socialists-group-blames-Russia-invasion-demands-end-NATO.html

MTN go land today o

AOC and Bernie Sanders' 'Democratic Socialists' group blames the US for Russian invasion of Ukraine and demands NATO is scrapped: 'US must end the imperialist expansionism that set the stage for this conflict'


https://www.dailymail.co.uk/news/article-10561299/AOC-Bernies-Democratic-Socialists-group-blames-Russia-invasion-demands-end-NATO.html

shogsman:
Obviously,even in the west almost half of us side with Russia not to talk of Asia and Africa, South America which heavily tilts to Russia

Lots of American Republicans side with Russia in this.

Got SDFCWAMCO on Monday, hope I am qualified for the bonus and dividends.

FCMB

AndroBlaze:
They have achieved nothing besides showing their impotency to the world.

It's like a man who has been threatening the neighborhood that he will beat his wife mercilessly and when finally given the chance you see two of them wrestling and panting that you cannot even declare him the outright winner, LOL

Only losers support failed bullies, nonsense.[/b]

After taking almost half of Ukraine.

Zelensky should stop listening to the US.

That's when the Russians realized the Zelensky regime was agreement-incapable: Their Washington masters—Victoria Nuland and Anthony Blinken in particular—wouldn't allow a peace.

They want this war to sap Russia dry. It is a classic proxy war—and Ukraine will pay the price.

Kiev had no intention of negotiating a ceasefire—because of orders given to them from Washington: “Fight Russia to the last Ukrainian!”

As usual, the US always bulling countries that didn't fall in line.

yMcy56:
15th July 2022

Thank you

baralatie:
I
what do you know about the Minsk 2 agreement brokered by France and Germany



Then you can recorrect yourself

He will come back and tell you, their is no written Minsk 2 agreement

baralatie:
If I was president of Ukraine!
I would not even allow Russia come to this point of war with Ukraine!
I already understand that the core issue is a NaTo clause in ukraines constitution.
I would have started with that Minsk 2 agreement.
Ensured I got a swap deal of removing that NATO from Ukraine to joining the EU on economic grounds
Pursue a laid down economic growth plan for all of Ukraine wether you are west or east
And with agreement with Russia allowed the states of Donetsk and lohansk have an autonomous working government but under Ukraine territory and control.


Tell me with the above will the war come from

Which polls are we talking about?
Zelensky declared martial law and the people got stuck with fighting by force wether you like it or not

An action that means Ukraine lost the whole of the eastern ukraine

Everyone knows that the US is majorly behind the war to weaken Russia.

Even when Europe where telling Zelensky to cooldown, US keep pushing.

God1000:
what about countries like Finland, Sweden, etc that didn't join NATO, is America threatening them with sanctions

What about them

When is NAHCO qualification date?

God1000:
how are they being forced? There's freedom of association

Have you heard of Sanctions and Economic embargos?

Below: One of US trade manipulations in Europe.
https://www.france24.com/en/live-news/20210921-how-france-was-blindsided-by-the-australia-us-sub-deal

emmasoft:
Getting good stocks on NASD is not like in NGX. Activities are not much and couple with the recent corporate action of WAMCO it's not easy to get.
Though it can also depend on the broker with respect to how large their customer base on NASD is. The larger the customer base the better or easier since it will be more likely to have a seller(s) among the customers and a cross can easily be done.

True, but this is not the first time my Broker is buying for me on NASD.
if the price is falling that is a sign of an Offer.

God1000:
the west will rebuild Ukraine when the war is over, Russia on the other hand will suffer immensely from economic sanctions for decades

Lol, the west won't rebuild anything.
Ukraine is a battleground between the West and East.

Good Morning friends,

Has anyone been able to buy FrieslandCampina WAMCO on the NASD?

I noticed the price is falling but my Broker cannot buy it.

Abi,my broker is playing pranks on me

“There are countries within NATO that want the Ukraine war to continue. They see the continuation of the war as weakening Russia. They don’t care much about the situation in Ukraine,” Cavusoglu said.

Here is the truth.

Ukraine is just a battle ground world powers, unfortunately Ukrainian Leader isn't smart enough the decode this.

How come there is no pictures of destroyed warship?

hectoro:
Folks,

Can anyone point me to a broker that they have successfully used to purchase stock on NASD since I can’t open an account as an individual.

The 3 brokers I use are on the NASD site listed as registered brokers but none of them has been able to execute 1 trade for me yet for no tangible reason. So preference is for a recommendation that has recently worked out.

Thanks!

Leadcapital.
But you have to send trade request by email

gentop1:
I think you are right, settlement are not done immediately






quote author=OBAGADAFFI post=111763749]

Yes, CSCS pays directly into the client account, but it is T+3.

In reality, Trades are not settled with 24hrs after execution.

Yes

Ephemmm:
If I may ask, how do someone buy shares of the companies listed on NASD?

Send instructions to your broker to buy for you.

emmanuelewumi:
I use DCS for Stanbic IBTC Stockbroker account, which is devoted for bond Investments on NGX.

Was surprised the fund dropped into my account before 72 hours.

Will find out the settlement duration for bonds bought on NGX

The settlement Cycle for Debt Securities (The Exchange) is T+2

The settlement Cycle for Equities is T+3

https://cscs.ng/services/clearing-settlement/

emmanuelewumi:
Direct cash Settlement goes straight to your bank account when you sell your shares, it is CSCS that pays you and not your Stockbroker

If you don't have DCS, the fund will go to your Stockbroker and you can initiate the withdrawal of your fund from the Stockbroker 72 hours after the sale of the sharez

Yes, CSCS pays directly into the client account, but it is T+3.

In reality, Trades are not settled with 24hrs after execution.

emmanuelewumi:
That is not correct

I think DCS is T+3.

DeRuggedProf:
Especially when you escape a Jijo trap.

You get it.