PZ @25.60!
Have they increased the buyout again?

Those inside this bus are lucky ooo..

Frangel:
GLAXOSMITHKLINE

Resolutions at Court-Ordered Meeting

N17.42 is subject to WHT being payable from distributable reserves (aka Retained Earnings). Tax holiday or pioneer status not applicable.

Capital return (Issued Share Capital + Share Premium) - circa 54kobo + any undistributed profit earned (likely very negligible) before 2023 Audit.

Final payment, if any, max 2025.

https://doclib.ngxgroup.com/Financial_NewsDocs/39946_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC.-POST_COURT_ORDERED_MEETING_RESOLUTIONS_CORPORATE_ACTIONS_DECEMBER_2023.pdf

Pls I can't see whr WHT was mentioned on the resolution link shared

Streetinvestor2:
Pls I can't see whr WHT was mentioned on the resolution link shared

It is not mentioned in the document. Implied. My opinion.

WHT is payable on profits distributed, unless on profits earned during tax holidays (pioneer period).

Locotrader:


Nnaa, you are speaking grammar for Japaul Gold plc which has repositioned to tap from the opportunities in the mineral resources in Nigeria.More news will give you clarifications on where they have reached.

Multiverse will not move and Japaul will be watching it.The 2 stocks are in my portfolio.

Judging from today's lackluster performance, there should be high expectation for Monday to be positively bloody!

Phlinx:


And let's not forget their financial statement for 2022. We might actually see a peak of N25

Oando's financial statement for 2022 may not be fantastic; it seems they recorded some losses, based on extracts in the 2021 audited accounts.
But their FY2023 results will be much better because the price of oil has been relatively high through out the year.
I am seeing Oando in the range of N35-N50 soon after the release of their FY2023 results, provided the delisting no longer occurs.

KarlTom:
A link or case number would be good.

Regardless, OandO is destined to rise considering all the recent acquisitions and partnerships.

The link to the info page (nairametrics) was provided; but we all can also do some checks to confirm.

[quote author=Phlinx post=127380406]Judging from today's lackluster performance, there should be high expectation for Monday to be positively bloody...

So after gsk, pz and etc, which other foreign company do we expect to leave next?

What if Nestle decides to leave Nigeria, how much them go pay?

Depends of what you can lacklustre. UACN, Regency and a couple others had some gigantic deals

Phlinx:
Judging from today's lackluster performance, there should be high expectation for Monday to be positively bloody!

KarlTom:
Depends of what you can lacklustre. UACN, Regency and a couple others had some gigantic deals

Access & UBA closed with gains of 25 & 50 Kobo respectively. Even Oando add 5 kobo gain.
Next week and rest of the month will likely remain positive. With December closing in Gains.
Noticed ETI gained a wooping 185 Kobo this same Friday .
It doesn't want Access and UBA leave it behind

ositadima1:


Yes, I'm witnessing the same pattern. I anticipate a breakout above the support level around 48 before the end of January. This could lead to a minimum ROI of 20%. However, I hope it doesn't dip to 32 before the breakout occurs.

Did you know? NB

This company traded a total of 82 billion naira since 2020, exchanging 1.8 billion shares. Notably, only 14% of these shares were purchased below 37 naira, representing roughly 252 million units.

Just consider the annual minimum and maximum prices shown in the screenshot below. Given the current inflationary pressures, how much further could this giant potentially fall?

With this information at hand, wouldn't you agree that brave investors who act decisively stand to make significant profits?

Mpeace:
So after gsk, pz and etc, which other foreign company do we expect to leave next?

What if Nestle decides to leave Nigeria, how much them go pay?

The second statement could be the reason for the spike in price.

Ositadima2:


Did you know? NB

This company traded a total of 82 billion naira since 2020, exchanging 1.8 billion shares. Notably, only 14% of these shares were purchased below 37 naira, representing roughly 252 million units.

Just consider the annual minimum and maximum prices shown in the screenshot below. Given the current inflationary pressures, how much further could this giant potentially fall?

With this information at hand, wouldn't you agree that brave investors who act decisively stand to make significant profits?

I posted when I started buying this coy last month into last week and some people don't understand the game

Do your own research ooooo

Coolcash1:


The second statement could be the reason for the spike in price.

🥺🥺🥺🥺🥺

Let's see how far they can go in the next five years.Indeed a growing stock

Ossai: Domestic, Industrial Waste Management Must Be Given More ... https://www.thisdaylive.com/index.php/2023/11/27/ossai-domestic-industrial-waste-management-must-be-given-more-attention?amp=1

Ositadima2:


Did you know? NB

This company traded a total of 82 billion naira since 2020, exchanging 1.8 billion shares. Notably, only 14% of these shares were purchased below 37 naira, representing roughly 252 million units.

Just consider the annual minimum and maximum prices shown in the screenshot below. Given the current inflationary pressures, how much further could this giant potentially fall?

With this information at hand, wouldn't you agree that brave investors who act decisively stand to make significant profits?

Entry at 32 and below cut it for me

My small crypto portfolio of less than 2 months did 100% this morning. The thing just dey gallop but fear no gree me add more money

Locotrader:
Let's see how far they can go in the next five years.Indeed a growing stock

Ossai: Domestic, Industrial Waste Management Must Be Given More ... https://www.thisdaylive.com/index.php/2023/11/27/ossai-domestic-industrial-waste-management-must-be-given-more-attention?amp=1

I don't know why the stock is foot dragging

Yoast:

I don't know why the stock is foot dragging

People are yet to know TIP and also it is listed on the growth section of NSE, not everyone can see it for trading.By the time the stock becomes popular, the price will be heading to #3.Let them continue with improved results, the free float will do more magic as investors will be scrambling to get some shares.Be patience and give it 12 months.I see the company having significant stakes in some of the oil companies they are in contracts with.

THE INITIATES PLC (TIP) https://initiatesgroup.com/wp-content/uploads/TIP-Investment-Brochure.pdf

Nigerialabalaba:

Ogami, Multiverse dey pay dividend. Just Google am nah.

I even hear say na only dem be d only mining company wey get mine and wey dey for Naija sef.

Dat Japaul neva even start mining sef. Oga locomotive locotrader dey whine us wen e dey call Japaul mining company wey Japaul neva get shishi mine or dey produce any mine product sef. Weneva I buy Japaul na for trade ,dassall.

Even julius Berger sef get quarry like multivere but Japaul no get quarry, no get mine, na only dat dredging contract for Lekki and now wey dem dey plan to buy small companies wey get gold mining license o.

I go still dey trade Japaul because d stock dey give money but I no dey buy am because of mining. As for now o, Japaul no be mining company na only Multiverse be d only mining company wey dey do mining and dey sell mine products.

this information is good,due diligence is very important.

Locotrader:


People are yet to know TIP and also it is listed on the growth section of NSE, not everyone can see it for trading.By the time the stock becomes popular, the price will be heading to #3.Let them continue with improved results, the free float will do more magic as investors will be scrambling to get some shares.Be patience and give it 12 months.I see the company having significant stakes in some of the oil companies they are in contracts with.

THE INITIATES PLC (TIP) https://initiatesgroup.com/wp-content/uploads/TIP-Investment-Brochure.pdf

I will take TIP as a defensive stock that very likely will grow value but will be classified in my personal book keeping as a defensive stock. I very much doubt it as a fast money spinner. Waste management will always be a challenge so this present upside potential for the stock and it ts a stock pick that is quite likely for regular dividend payments.

*COPIED*

FINAL EXIT OF P&G: Farewell my 1st Love.

I finished my Youth Service in Feb. 2005. I was given a letter of recommendation from where I served in Jos (Vitafoam Nig. Plc). I was scheduled for an interview at their Head Office in Oba Akran, Lagos. I was to resume in their Kano Branch as Maintenance Engineer but religious crisis happened around that time. They had to shut down the Site to forestall collateral damages. Hence, I had to officially be flung to the ocean of "labour market". My first bite of "Nigeria Happened to You".

Fast forward to 2007. I had switched to full computer engineering. I cloned Computer systems for people and repaired same in the popular Computer Village in Ikeja, Lagos. I just dey hustle anyhow to make ends meet. I always trekked from Opebi, where I was staying with the Owolabi's (May God bless that family for me) to Egbon Ojo's Office in Computer Village where I normally perch with my flash drive tied to my neck as symbol of a computer guy. It's in this state Sister Opeyemi Ajayi sent me a link to text my details to in Ibadan. I did and from that text message, my journey of 11years commenced.

I sincerely didn't know how big P&G was. I already passed UAC Management Trainee Test, scheduled for their Medical when P&G interviews were going on. A classmate I met at UAC in Lagos complained about their work culture, which was not too palatable. I shared my predicament with Pastor Kehinde Owolabi who told me how big the Company was in UK where he stayed for years. How Nigerians even lobbied and prayed to be their adhoc staff. This made me settle for P&G as my First Career Love. I resumed Sept. 13, 2007.

P&G would first host you for a month in Kakanfo Hotel in Ibadan if you didn't have anyone to stay with in Ibadan. All bills on them. The Company had bus that conveyed you to and fro the designated Bus Stop. You're trained about the culture of the Company for One Month. Free healthcare in the best hospitals in Ibadan and Lagos. Quality food at the canteen. My first salary was huge then because of all the prorated allowances. For the first time, I was treated with dignity. Naturally, the company gave me a sense of ownership till tomorrow.

Chief Olusegun Obasanjo might have his negatives but Ebora Owu knows Economics. He blocked border against products being manufactured in Nigeria. Businesses were booming. We work round the clock to meet up with orders from distributors. We only shut down on 24th December and startup night of 25th. Same thing for New Year Anniversary. We shut down on the 31st, start up 1st January Night. Full operation by 2nd. We couldn't cope with the demands. P&G had to be forced to invest more in Nigeria.

I first travelled out of Nigeria courtesy of my First Love, P&G. I, with four others were sent on an automation training with Rockwell Automation in UK. Our Nigerian coursemates for that One Month were people from Total, Mobil, etc. No manufacturing company dared such investment but the almighty P&G. You're escorted even to Visa Office by Mobile Police entourage. You're taken to and fro the airport with same entourage. Because they see you as asset that nothing should happen to. Imagine giving "ordinary technician" such honour. That's my P&G for you.

"AGBARA, THE FUTURE."

Because of the market demands, P&G decided to expand their investments in Nigeria. Paper section of the company was relocated to Agbara. Over $300Million was invested there with state of the art facility built by Julius Berger Nig. Ltd. We had Gym facilities. We had massagers. We had table tennis. We had football pitch. We generated our own power with a massive Gas Generator. Your badge is the access to doors, offices, canteen, gym, everywhere. These were the stuffs you only saw in American movies like 24.

P&G prioritizes trainings. Some of my guys like Betiku Olubunmi Jude , Gbadamosi Adekunle , etc were on training for the new production lines in Cairo for a complete calendar year. If you're married, you could go with your family, even some that gave birth there like Samson Oloyede Johnson went with Malle that did omogwuo in Cairo. My friend even named his child after the Cairo Doctor that meant a lot to their family. That's how important you are to that Company. They value you. How would you not love such company? The Femcare guys like Stanley Emite , Aderanti Yomi , Adewale Ajibade ,etc, went to Germany for theirs. That's how big P&G was.

"Agbara, the Future" became the slogan. That was the plan before Nigeria happened to my beloved P&G. The startups for the new lines started getting extended due to our Nigerianness. Custom's policy summersaults started affecting the logistics. Border flung opened. Cheaper products littered the market courtesy of another Govt policies. 3 brand new babycare lines were brought for initial installations but only 2 could be installed. Cheaper products had taken over the market before we produced our first diaper. The "future" was punctured from the world "go".

We would produce but no one to buy. Sometimes you wanted to produce, Shell might tell you, they couldn't supply gas to power you generator. You had to switch to expensive diesel to power the other diesel generators to produce to meet up with the little demands. To transport the finished products became a challenge too. The roads were horrible. Containers doing gymnastics by summersaulting anyhow on those gully-holes (because those were not potholes). I even learnt the companies around the axis like GSK, UNILEVER, P&G, to mention but few approached the State Govt and proposed to fix the road with a possible tax waivers to no avail. They told them to bring the money while their works ministry help them fix it. The companies backed out because of the integrity of the govt. Hence, the road became unpassable over time.

I will be hypocritical if I failed to mention few of the damages done inhouse. Before we even left Ibadan, stories of how pallets of products were disappearing in Alomaja wearhouse became regular news. To the point that a whole truckload of products was rumoured missing... T'ori Olorun! Guys became overnight millionaires at the expense of the company. Contracts were inflated anyhow. One that I was particularly privy of: Our chiller had issues. I and Oluwatomisin Adeoluwa Adetola narrowed it down to a defective Compressor. We sourced for a supplier online that promised to bring it the next morning. Price was #600k with installations. We presented it to the TSG Manager then. He claimed it won't fly since the guy was not on the list of suppliers. Lo and behold, the guy given it to presented #2.4m. He couldn't even fix the electrical connections, I was the one compelled to fix it for him. How that made sense to anyone I don't know.

Agbara ceased to be the future courtesy of both external and internal self-destructive birthed out of greed and untamed avarice. The investors borrowed us $300m at the exchange rate of less than #200/$. In Buhari's first 6months, it had jumped to #500. He fell ill and Prof. Osinbajo was able to stabilize it at #350/$. P&G had no alternative than to do all it could to stay afloat business-wise. Gradual retrenchment was introduced. Flow-to-work became the mantra. Before the next OGSM in 2018, it was decided Agbara plant should shut down! Hundreds of professionals retrenched. I remember the words of Akinola Jibola while we were powering down Babycare Line 1: "We are shutting down what should put foods on the tables of the generations to come." It daily rings in my ears.

I hoped against hope P&G would come back but it won't. I first heard about it from a top echelon before it became 'kariile' news. You prayed such news shouldn't be true. No one finds it easy to share the demise of his loved ones. Adieu my 1st Career Love. You actually "Improved and touched our lives". You meant well but we honestly don't deserve you. We messed you up. If you're only being abused by outsiders, you could have stayed but abuse by your loved ones was the last straw that broke the camel's back. All your "offsprings" like Ariel, Pampers, Always, Duracell, Oral B, etc would always have my endorsement any day, anytime. Love you P&G.

agbekoya:


I will take TIP as a defensive stock that very likely will grow value but will be classified in my personal book keeping as a defensive stock. I very much doubt it as a fast money spinner. Waste management will always be a challenge so this present upside potential for the stock and it ts a stock pick that is quite likely for regular dividend payments.

TIP outstanding shares is 890m and the free float shares is less than 200m .This means with the improved results, the stock will quickly look for its value and then become defensive with dividend payments.I am looking the price to fall around #3 within a 12 months timeframe.Look like the company will pay around 15kobo dividend next year following it's financial projections.

The stock is also in negotiation with some companies for long time contracts e.g The Rivers state Govt on sewage mgt for a period of 15 years and other companies currently on negotiations.see the info below.

This TIP and Multiverse will remain in my portfolio for a longer time.Both are good for defensive and price appreciation/dividend payments

Locotrader:


TIP outstanding shares is 890m and the free float shares is less than 200m .This means with the improved results, the stock will quickly look for its value and then become defensive with dividend payments.I am looking the price to fall around #3 within a 12 months timeframe.Look like the company will pay around 15kobo dividend next year following it's financial projections.

The stock is also in negotiation with some companies for long time contracts e.g The Rivers state Govt on sewage mgt for a period of 15 years and other companies currently on negotiations.see the info below.

This TIP and Multiverse will remain in my portfolio for a longer time.Both are good for defensive and price appreciation/dividend payments

State governments are very notorious debtors

Reuters: Moody's Upgrades Outlook on Nigeria to Positive
This news may interest everyone in NSE investment:

https://www.reuters.com/world/africa/moodys-upgrades-outlook-nigeria-positive-2023-12-08/

Meanwhile, the NSE ASI still showing strength after a break above its all-time high. An initial dip, triggered by sellers, was ultimately rejected by buyers, leading the index to close on a bullish note last week. Despite the negative news on the banking sector last week, the sector led the pack, creating a new high, thereby creating buying opportunities for banking sector stocks worst hit by the negative news...

https://invst.ly/12lx04

PLAN YOUR TRADES AND TRADE YOUR PLANS

[quote author=Boshins post=127380775][/quote]

I opine a pivot
Monday being the point
Positively Bloody - bad things happening but good for some (ie those who are just buying or will buy)

As a sequel to episode 69, we chat with Mr Damilare Asimiyu (Head, Investment Research, Afrinvest West Africa) about the changing landscape in the brewing industry.

He passionately describes an investment thesis that showcases both the vast opportunities and the headwinds facing the industry at present.
We discuss how 2022 was a breakout year for the brewers and how 2023 is a different kettle of fish.

Lastly, he advices the retail investors on how to strategically profit from the brewers in this season.

https://anchor.fm/value-nigeria/episodes/92--Another-look-at-the-Brewers-A-chat-with-Mr-Damilare-Asimiyu-e2d1tr5

DrAwo:
As a sequel to episode 69, we chat with Mr Damilare Asimiyu (Head, Investment Research, Afrinvest West Africa) about the changing landscape in the brewing industry.

He passionately describes an investment thesis that showcases both the vast opportunities and the headwinds facing the industry at present.
We discuss how 2022 was a breakout year for the brewers and how 2023 is a different kettle of fish.

Lastly, he advices the retail investors on how to strategically profit from the brewers in this season.

https://anchor.fm/value-nigeria/episodes/92--Another-look-at-the-Brewers-A-chat-with-Mr-Damilare-Asimiyu-e2d1tr5

Is I B part of this breweries in mention. Is thr hope thr.I am losing patience in it.I am beginning to believe that some of my patience is opportunity lost for another investment