₦airaland Forum

Streetinvestor2:
They will pay me personally nothing less than #150.That is what I have used to calculate my afolabi units..lol.This is by faith.Make dey no try 10WHT on it too

yMcy56:
November 06/07 posts.......
Today, Chi PLC is already trading above N2!!
Well-done to @talk2me2 too.

Now, can Sovereign Trust also go above N1.20/1.50?
Lets see how market treats this....
Its been codedly moving since...

* Meanwhile, DANGSUGAR is also observed getting some patronage......
Are people getting insider clue already??

* OANDO: Some coded pickup, but been careful not to allow the price move up yet......

bovali:
They bought majority for 1bn, does not mean minority will sell for 1bn. In the statement the chinese company released, they set a valuation range of 1.1 -1.6bn. So your 104 is actually minimum amount. There should be a premium on that which is yet to be decided.
Purchas price in USD = 1,000,000,000.00
Naira value using 1,700 = 1,700,000,000,000.00
OS = 16,108,000,000.00
Target = 105.5376211 (It becomes 104 at an exchange rate of 1675.232)

Sunrisepebble:
"Vendor conditionally agreed to sell, and the Purchasers conditionally agreed to acquire, 100% of the issued shares of the Target Companies for an aggregate purchase price of USD 838.13 million" This is based on Holcims 83.81% stake. The total transaction is $1bn from all the articles we have seen in the news. Although I dont think Hoaxing have stated that in the document. Admittedly I only glanced through for key points

I think they are paying below the valuation. If $1.1bn is then paid, it means the final consideration for the minority shareholder (100-83.81%) is $261,87mn (1.1bn-838mn) which is N169 per share, if it is based on $1.6bn then it is a final consideration of $761.87mn(1.6bn-838mn) which translates to N491 per share, which I highly doubt. If the 1bn is for the majority alone then it comes to N124 per share

Like I said yesterday. I no too sabi book so I could very much be in the wrong

megawealth01:
Oando wey go still cross #100

Make Wale finish wetin him and JAGABAN dey cook first

Sunrisepebble:
"Vendor conditionally agreed to sell, and the Purchasers conditionally agreed to acquire, 100% of the issued shares of the Target Companies for an aggregate purchase price of USD 838.13 million" This is based on Holcims 83.81% stake. The total transaction is $1bn from all the articles we have seen in the news. Although I dont think Hoaxing have stated that in the document. Admittedly I only glanced through for key points

I think they are paying below the valuation. If $1.1bn is then paid, it means the final consideration for the minority shareholder (100-83.81%) is $261,87mn (1.1bn-838mn) which is N169 per share, if it is based on $1.6bn then it is a final consideration of $761.87mn(1.6bn-838mn) which translates to N491 per share, which I highly doubt. If the 1bn is for the majority alone then it comes to N124 per share

Like I said yesterday. I no too sabi book so I could very much be in the wrong

megawealth01:
Oando wey go still cross #100

Make Wale finish wetin him and JAGABAN dey cook first

ositadima1:
I haven’t reviewed all your back-and-forth valuations in detail, but I have a question. If someone claimed that Nigeria isn’t the only subsidiary of Lafarge involved in this acquisition, why does it seem like you’re using the alleged offer price of $1.1 billion to estimate only the majority stakeholders in Nigeria? Shouldn’t you be considering the majority stakes in the other subsidiaries as well? Or does the Nigerian group encompass all those subsidiaries?

Like I said, I haven’t looked at it closely, but it feels like there might be a flaw in your valuation approach.

Streetinvestor2:
I talk say that insurance stock fish go hook for you throat. I know when you whr raising positive voice on insurance matter and attacking banks. Na joke oh.Some of the insurance will deliver big next yr.The only problem may be the recapitalisation thing which I cannot say the dimension it will take.

Sunrisepebble:
There could very well be a flaw. I have added the disclaimer twice now that I might be completely wrong

In the document it states "The Ultimate Target Company is listed on the Nigerian Stock Exchange" while the other target companies are two SPV's owned by Holcim. What other subsidiary is involved ? I might have missed that

BabsO2:
It's good to join in ringing the bell when waiting for market to open

ositadima1:
Honestly, I haven’t read the documents and don’t have the time to go through them at the moment. I was just browsing through the posts here. Someone claimed that the major shareholder is leaving because of the difficulties in Nigeria, while someone else countered by stating that the transaction isn’t limited to Nigeria but also includes other African countries.

This made me wonder if the alleged offer price of $1.1 billion is for all the stakes held by the exiting investor across these countries, rather than just Nigeria.

Sunrisepebble:
The other transactions were separate. I posted initially here that this same Chinese Company had acquired Lafarge Zambia and Lafarge Malawi in previous deals as evidence that what my source had told me was very possible.

There's no other subsidiary involved in this deal

ojeysky:
Please do you have reference to that?

BabsO2:
Pray it crosses 3 digits smoothly and comfortably this month

megawealth01:
They should kukuma pay me $1/1

cocolacec:
Fbnh

cocolacec:
Fbnh

Sunrisepebble:
I will retire from NGX be that

Pennystockwarri:
Ikeja Hotel and Transcorp Hotel 9M 2024 numbers

https://lifeasananalyst.substack.com/p/from-maitama-to-ikeja-2024-has-been

megawealth01:
Agba no go drop pick ooooo

crownprince2017:
The major raw material for spaghetti were being imported.
Se subsidy never come like that.

Thee energy used in the production were also being subsidized..
Make no talk pass this one..

Agba drop one pick for boys na as my 100% challenge don't reach 90% today I don't they reason if I can get like 300% this year, so that the money can res.

Agbalowomeri:
Na every time you dey retire

The Aradel money sweet you, you came out of retirement Lol

Sunrisepebble:
I used the details from the transaction documents.
DYOR sha

chimex38:
Meaning they are just getting started with the acquisition spree..
Why not entire 54 African Countries?
Make they also add Northkorea Central Bank

Mpeace:
If only they can drop 50kobo interim dividend.
I just cross checked their publication and it appears they are in the process of auditing the result for q3. It has not even been transmitted to CBN. They gave 29th December as probable release date.

Xidget:
https://doclib.ngxgroup.com/Financial_NewsDocs/42674_FCMB_GROUP_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_DECEMBER_2024.pdf