yMcy56:

Chai!!
My own suspected introductory price is N60......
...but the rate at which people were packing it, it could be more than that, with a win-win merger plan for all the 3 Coys.

My is #80 .I believe sugar worth #40 And I expect it two sugar for one Dan food.That is why I was buying sugar.And anything above will be nice jara

chimex38:
Some actually gave their opinion and speculation on the forum around July 13-July 14 (Pg. 7140) when the news broke out. Though using their Unaudited Results(Pg.7140)..
*Speculations
personal Due Deligence shld be applied..

Ok thanks. I'll check out the page.........but the speculations done that time was for each company and not a merger if I get it right.

Shalom428:
Dangote Sugar , Nascon and Dangote Rice

Thanks

Suddenly NB and Cadbury has started going up again. It is good I did not sell them off when it went down down to massive loss.

Any reason behind their turn around?

ABC Transport and Tantalizer. I will do thanksgiving if you reach #1.I need my school fees back,lol

Eterna on full offer..

As can be seen in the screenshot below, first offer on the line being 75k has remained unchanged for over an hour, despite the fact that some units have been bought within the same period. How is that even possible?

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.

Many thanks, ma'am.

Hello guys,

This is a little off topic. Please what agency can I copy in an email to my bank? I have been trying to get them to resolve an issue, and the last email I sent (which was strongly worded) they didn't acknowledge or respond to it.

I am not active on twitter and also due to privacy, would not be able to resort to social media. Thanks guys.

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.

Harvestock01:


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

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?

Eterna oil has been fallen as if it is the only company that has bad result. I don't really know why they filed that kind of result knowing fully well that market is not smiling at the moment. Abeg, who has the Information when their imported fuel will arrive Nigeria? At a time, transcorp filed bad result, but market didn't punish them, rather our market reward them, and the price was taken from 1.35 to #3.21 or there about. Recently, dangsugar had a bad result, but Mr market rewarded them. Look at ftn cocoa cruising like tomorrow no dey even with their bad result. News is key now and they should act very fast.

yMcy56:

Ok thanks. I'll check out the page.........but the speculations done that time was for each company and not a merger if I get it right.

Both I think. Speculation for each company and
also speculated share allocation ratio for the merger of the 3 entities to DangoteFoods.
(their personal opinions)

Yoast:
Eterna on full offer..

As can be seen in the screenshot below, first offer on the line being 75k has remained unchanged for over an hour, despite the fact that some units have been bought within the same period. How is that even possible?

I don't really know the kind of manipulation going on in that stock.

thebargainhunte:
Eterna oil has been fallen as if it is the only company that has bad result. I don't really know why they filed that kind of result knowing fully well that market is not smiling at the moment. Abeg, who has the Information when their imported fuel will arrive Nigeria? At a time, transcorp filed bad result, but market didn't punish them, rather our market reward them, and the price was taken from 1.35 to #3.21 or there about. Recently, dangsugar had a bad result, but Mr market rewarded them. Look at ftn cocoa cruising like tomorrow no dey even with their bad result. News is key now and they should act very fast.

Dangote sugar result was not bad oOoOO. Increase in gross profit, operating profit, earnings before interest and tax, increase in gross margin, operating margin and net margin. It was the finance cost due to forex loss that led to a loss after tax. Loss after tax or profit after tax does not tell the whole story. Better to use normalized EPS for your valuation. A lot of banks are making huge profits due to forex gains, smart investors are not carried away by the one off windfall, always prudent to assume that next year's profitability will be lower

emmanuelewumi:
The forex loss rely affected the performance of Dangote Sugar.



Looking at the result the company would have done extremely well but for the finance cost



Revenue increased from N185 billion to N202 billion



Gross profit increased from N38 billion to N58 billion


Gross margin increased from 20.5% to 28.7%


Operating profit increased from N34 billion to N52 billion


Operating margin increased from 18.3% to 25.7%


Earnings Before Interest and Taxes increased from N37 billion to N65 billion

My summary of Ɗangote Sugar H1 result

GSK to quit Nigeria as predicted by OGG. No wonder it went on full bid today.

https://doclib.ngxgroup.com/Financial_NewsDocs/39225_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC.-COMPANY_ANNOUNCEMENT_CORPORATE_ACTIONS_AUGUST_2023.pdf

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.

Hi Mcy,

What happens to the current Dangsugar shareholders, if that occurs? Will the name change to Dangfood or are you referring to an IPO for the Dangfood? Thanks.

yMcy56:

Sell?
If it's listed at 60, it will go on full bid......who will want to sell something going to N100 or more overtime?
Well, traders will be buying and selling, doing their usual biz anyway.

emmanuelewumi:




Dangote sugar result was not bad oOoOO. Increase in gross profit, operating profit, earnings before interest and tax, increase in gross margin, operating margin and net margin. It was the finance cost due to forex loss that led to a loss after tax. Loss after tax or profit after tax does not tell the whole story. Better to use normalized EPS for your valuation. A lot of banks are making huge profits due to forex gains, smart investors are not carried away by the one off windfall, always prudent to assume that next year's profitability will be lower

Sir, what will you now say about eterna oil? They had similar scenario. Their revenue increased, gross profit increased and operating profit increased, but Forex loss was too much due what madam mcy explained before.

Heishere:
GSK to quit Nigeria as predicted by OGG. No wonder it went on full bid today.

https://doclib.ngxgroup.com/Financial_NewsDocs/39225_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC.-COMPANY_ANNOUNCEMENT_CORPORATE_ACTIONS_AUGUST_2023.pdf

I just ran to check my BE for this yeye company. ThankGod it is #6.30 but still have it in another house I bought at #21 .They paid me #7.50 and other dividend in that one..This companies are just shortchanging shareholders via delisting

GSK to Shut Operations in Nigeria, Quit Stock Exchange
https://businesspost.ng/economy/gsk-to-shut-operations-in-nigeria-quit-stock-exchange/

Presco Resumes Stock Trading as NGX Lifts Suspension
https://businesspost.ng/economy/presco-resumes-stock-trading-as-ngx-lifts-suspension/

DMO Lists N130bn Sukuk on Nigerian Exchange
https://businesspost.ng/economy/dmo-lists-n130bn-sukuk-on-nigerian-exchange/

Steep Price Pressures Limit Business Growth in Nigeria
https://businesspost.ng/economy/steep-price-pressures-limit-business-growth-in-nigeria/

AXA Mansard Insurance Grows Earnings by 12% After IFRS 17 Implementation
https://businesspost.ng/economy/axa-mansard-insurance-grows-earnings-by-12-after-ifrs-17-implementation/

Nigeria Records Zero Earnings From Crude Gas Sales in Three Months
https://businesspost.ng/economy/nigeria-records-zero-earnings-from-crude-gas-sales-in-three-months/

Hello house, can someone buy stocks worth 50000 naira?
(2) which shares is the best?

thebargainhunte:


Sir, what will you now say about eterna oil? They had similar scenario. Their revenue increased, gross profit increased and operating profit increased, but Forex loss was too much due what madam mcy explained before.

Can you assist me with the outstanding shares, shareholders fund, full year 2022 EPS and Q1 EPS of Eternal Oil

SonOfHercules:
Hello house, can someone buy stocks worth 50000 naira?
(2) which shares is the best?

You can buy stocks worth 2naira. Even 30 Kobo can buy shares .

With N50,000 you can own shares in all the listed companies in Nigeria.

ggoldmine:
Hi Mcy, What happens to the current Dangsugar shareholders, if that occurs? Will the name change to Dangfood or are you referring to an IPO for the Dangfood? Thanks.

The name will change to DANGFOODS and you'll be alloted the proportional shares based on the merger conversion and based on the stock you have (either Dangsugar, NASCON or DANGRICE.

Harvestock01:
The number of issued shares of DANGFOODS will also be a significant factor as well as the exchange ratio.

So far, the total number of issued shares of Dangsugar + Nascon should be around 15B.....
I don't think DANGRICE can be that much......
So, total may not even be up to 20B........and BUAFOODS is around 18B.....

* I think Dangsugar is going to have majority say here, and I can suspect a 1:1 conversion, especially with both trailing each other behind in terms of share price.......I may be wrong though.

DANGRICE is going to be a booster...... we'll see how it'll all pans out anyway.

chimex38:
Both I think. Speculation for each company and
also speculated share allocation ratio for the merger of the 3 entities to DangoteFoods.
(their personal opinions)

Ok thanks.
I've seen it.......posts by Pa Emma and Customstreet...
Like you said, it's still speculations.

In another news, I hope GKS will treat the shareholders fairly and handsomely.....
@Onegentleguy was spot on here!

yMcy56:

Full bid @35.90 now.....
No be small thing......

Sugar sweet oo ... with nice break away. We are making money there,

Marketapprentic:


Congrats my man but leave our market for us . That your achievement is great but it is a dwarf to 750% that I achieved in FTNCOCOA. AND OVER 450% ACHIEVED IN ETERNAL OIL.

You and FTN COCOA in the same sentence? What happened to stocks like NGX, ZENITH, SEPLAT, MTN, AIRTEL, TOTAL, OKOMU, etc? Am I getting this feeling that opinion really changes with time and experience?

yMcy56:

So far, the total number of issued shares of Dangsugar + Nascon should be around 15B.....
I don't think DANGRICE can be that much......
So, total may not even be up to 20B........and BUAFOODS is around 18B.....

* I think Dangsugar is going to have majority say here, and I can suspect a 1:1:1 conversion, especially with both trailing each other behind in terms of share price.......I may be wrong though.

DANGRICE is going to be a booster...... we'll see how it'll all pans out anyway.

Which 1:1, Dangsugar and Nascon na mate before? Dont worry, wind go soon carry that your oversized wig comot for that ur bald head way u dey hide so.

aameyah:
Hello guys,

This is a little off topic. Please what agency can I copy in an email to my bank? I have been trying to get them to resolve an issue, and the last email I sent (which was strongly worded) they didn't acknowledge or respond to it.

I am not active on twitter and also due to privacy, would not be able to resort to social media. Thanks guys.

Be sure the banks email you are sending messages is actually the right one. Then you can add these.

cpd@ cbn.gov.ng, contactcbn@cbn.gov.ng &
contact@fccpc.gov.ng