husu:

Which one will I use now, am based in portharcourt

You can use Investment one stockbrokers.
The truth is that everything is done online. You don't need to be in a physical office and even if you are in Lagos everything is still the same online activities.

The first thing is to open a stock/cscs account, you can do this by clicking the 3rd link on my signature. Account opening is free.

Get other information from my earlier post in response to a similar question here or reach out to me with the contact on my signature.

emmasoft:


You can use Investment one stockbrokers.
The truth is that everything is done online. You don't need to be in a physical office and even if you are in Lagos everything is still the same online activities.

The first thing is to open a stock/cscs account, you can do this by clicking the 3rd link on my signature. Account opening is free.

Get other information from my earlier post in response to a similar question here or reach out to me with the contact on my signature.

Hi Emma, due to your general encouragement about on this forum. I submitted an application to Investment one last week Tuesday, my application was acknowledged but I have not heard from them again. Could you help in looking at this. Thank u

Oga Oracle, I hail you. I hope you are doing fine. I’m one of your fans and it would be nice to hear from you soon. Regards🙏

emmasoft:


You can use Investment one stockbrokers.
The truth is that everything is done online. You don't need to be in a physical office and even if you are in Lagos everything is still the same online activities.

The first thing is to open a stock/cscs account, you can do this by clicking the 3rd link on my signature. Account opening is free.

Get other information from my earlier post in response to a similar question here or reach out to me with the contact on my signature.

I already have a cscs account

Owoblowblow:

Hi Emma, due to your general encouragement about on this forum. I submitted an application to Investment one last week Tuesday, my application was acknowledged but I have not heard from them again. Could you help in looking at this. Thank u

@Owoblowblow apologies for the delay.

In other to carry out your request, I will need some details from you that may not be proper to share here.

Kindly chat/call me. I assure you everything will be resolved.

Thank you for your patronage.

husu:

I already have a cscs account

You will need to open another cscs account since your current stockbroking firm is no longer active.

customstreet:


For me, I feel they would do 1:1
I may be wrong

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

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?

Custom street, God bless you!!!!!!

customstreet:


When I mentioned it three weeks ago, u doubted me and ignored my information

I don’t say what I don’t know

Harvestock01:


How does Rice figure here?

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

emmasoft:


You will need to open another cscs account since your current stockbroking firm is no longer active.

i used my same CSCS account number from a defunct broker to open with Morgan.
so, is it an investment one policy only?

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

Well you may be right or I may be right. U May be wrong or I may also be wrong. But going with details above. You estimated the intrinsic value of Dangotesugar to be N32.72 while of NASCON to be N31.32 while information about DangoteRice is not available. Going by this, the intrinsic value is almost equal for the two we know.

You and I are just permutating here, Alhaji Dangote will determine our faith😆😆😆😆. I will call someone now to give me the comprehensive details about the share exchange stuff.

Have a blessed day

The merger of Dangote Sugar, NASCON and Dangote Rice to form a new company called Dangote Foods is a continuation of Forbe rating bragging right.

Dangote Foods will have about 15 billion outstanding shares, BUA Foods currently have 18 billion outstanding shares with a market capitalization of over N2 Trillion.

BUA Foods paid a dividend of N4.50k which was about 95% of the earnings for the year, the current price of BUA Foods is over N110 per share.


Don't be surprised to see Dangote Foods at a minimum price of N60 per share going forward.



My opinion though

customstreet:


Well you may be right or I may be right. U May be wrong or I may also be wrong. But going with details above. You estimated the intrinsic value of Dangotesugar to be N32.72 while of NASCON to be N31.32 while information about DangoteRice is not available. Going by this, the intrinsic value is almost equal for the two we know.

You and I are just permutating here, Alhaji Dangote will determine our faith😆😆😆😆. I will call someone now to give me the comprehensive details about the share exchange stuff.

Have a blessed day

Not at all, someone said NASCON made EPS of N2.48 in Q1, which was higher than the total EPS for 2022. But I advised him to always use the audited result, give a maximum growth rate of 20% and maximum PE of 15 in order to avoid over paying for the stock.


At the current price of N29.85

Dangote Sugar has EBITDA/ Market Capitalization yield of 27%.

The current free cash flow per share of N6.53 alone multiplied by minimum PE of 8 will give you about N50 per share valuation

Coupled with the cash being piled up by the company, was N175 billion in Dec 2022, it increased to over N180 billion at the end of Q1

Harvestock01:


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

We are only speculating based on the figures available.


I think 5:3:2

emmanuelewumi:




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

They would do enough bonuses and stock-split in Dangote Rice to look good and fitting. That's where he would compensate himself in the deal.
He already has about 70% holdings in both DSR and Nascon.

Frangel:


They would do enough bonuses and stock-split in Dangote Rice to look good and fitting. That's where he would compensate himself in the deal.

At the end of the day everything will be valued based on per share basis.


Dangote Rice can't be bigger than NASCON. If Dangote Rice is yet to make profit and have a positive free cash flow, these will also be discounted in the per share comparison of the 3 businesses

Frangel:


They would do enough bonuses and stock-split in Dangote Rice to look good and fitting. That's where he would compensate himself in the deal.
He already has about 70% holdings in both DSR and Nascon.

Probably 75% in the combined entity called Dangote Foods

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

Is there a site that give you this information or you did the calculation yourself. I like key comparison. Thank you for this great job

SmartMoneyGuy:


Is there a site that give you this information or you did the calculation yourself. I like key comparison. Thank you for this great job

No site will do this for free. What you see requires some serious effort. It requires 5 to 10 years of financial statements, as well as the knowledge to extract the necessary data. This can be difficult, as each financial statement has its own heading for some lines, even for the same auditors. Next, you need to have the formulas that will convert the raw data into what you are seeing. Imagine doing this for every stock. It is almost like a full-time job. This is the same with what OGG does.

SmartMoneyGuy:


Is there a site that give you this information or you did the calculation yourself. I like key comparison. Thank you for this great job

Get the annual financial report and crunch the figures in order to get the relevant data

ositadima1:


No site will do this for free. What you see requires some serious effort. It requires 5 to 10 years of financial statements, as well as the knowledge to extract the necessary data. This can be difficult, as each financial statement has its own heading for some lines, even for the same auditors. Next, you need to have the formulas that will convert the raw data into what you are seeing. Imagine doing this for every stock. It is almost like a full-time job. This is the same with what OGG does.

Correct.


I also love to look at the 5 years financial summary towards the back page of the annual financial report

yMcy56:

Lol. Pastor, how I take react sir?
Cos I'm very available here doesn't mean I'm such cheap o.
Loco doesn't have any plan to give anything......forget those posts.
Loco knows this forum very well, how can he make such thing even public in the first place if he's serious? Even bolded the 10k! Chai!! Mcy see your life! 😀🤨

I suspect that he didn't know how to use Nairaland features.
@Locodemy, pls know that you owe me nothing! It's your money, you can decide to do whatever you like with it. Its only you that knows what your capacity is, and shouldn't be obligated to go outside of it because of any promise made.
Anyway, I still appreciate the kind gesture at least.......let's not drag this any further.

Pls @loco... treat this matter very well, cause we are still in the mkt. Besides, you should do it privately. Ladies don't joke with privacy

veecovee:

Pls @loco... treat this matter very well, cause we are still in the mkt. Besides, you should do it privately. Ladies don't joke with privacy

You love drama, why are you bringing up the long forgotten issue

yeddy99:

i used my same CSCS account number from a defunct broker to open with Morgan.
so, is it an investment one policy only?

I want to believe you mean the same CHN which is possible. You can just have one CHN across all your cscs accounts in different stockbroking firms.

Today is Friday.
This stew can serve 100 bags of rice.
No need of adding tomatoes self

emmanuelewumi:



You love drama, why are you bringing up the long forgotten issue

We are still in the mkt, anyone can still another's help in the future

CUTIX on full bid

megawealth01:
CUTIX on full bid

Make u dey calm down oooo.
People fit follow your mouth rush am .
You must first see good bids before full bid.
Go learn work

Standard Alliance Insurance wins court case. Set to return to stock market?

E be like say d next fuel for this market na minister's list after which the market go find its real level.