₦airaland Forum

Sunrisepebble:
I will retire from NGX be that

megawealth01:
You won't retire. Money is like numbers it never satisfies

megawealth01:
Port Harcourt Refinery Working, But Won’t Reduce Petrol Price — PENGASSAN 

https://punchng.com/pharcourt-refinery-working-but-wont-reduce-petrol-price-pengassan/

megawealth01:
Port Harcourt Refinery Working, But Won’t Reduce Petrol Price — PENGASSAN 

https://punchng.com/pharcourt-refinery-working-but-wont-reduce-petrol-price-pengassan/

chimex38:
But NNPC- dem wan make we blame DR for not reducing price.
A business venture for that matter..

Dey play.

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

bovali:
You're over calculating this thing. Read the document released. They acquired 83% at a 10% valuation of 1bn. Not that they acquired 100% for 1bn. They still need minority shareholder approval for the rest. And based of what they provided in their own statement, they value the company at 1.1-1.6. What you are doing is neglecting outstanding shares and using funny analysis to come up with figures.

Think of it this way, if they already have 83%, why would they pay 761.87mn for balance 17%. That 761 should be pro-rated for the 100%. I hope i am explaining this thing well lol

essentialone:
https://www.premiumtimesng.com/news/top-news/756717-nnfm-fbn-holdings-ikeja-hotel-top-stock-pick-this-week.html

bovali:
You're over calculating this thing. Read the document released. They acquired 83% at a 10% valuation of 1bn. Not that they acquired 100% for 1bn. They still need minority shareholder approval for the rest. And based of what they provided in their own statement, they value the company at 1.1-1.6. What you are doing is neglecting outstanding shares and using funny analysis to come up with figures.

Think of it this way, if they already have 83%, why would they pay 761.87mn for balance 17%. That 761 should be pro-rated for the 100%. I hope i am explaining this thing well lol

Sunrisepebble:
I submit to you. So what are the range of prices that could be paid to the minority shareholder per share?

bovali:
I've put it in numbers to explain better. @sunrise let me know if this clarifies.

GeeKudi:
@N1700 = 1$, valuation range of 1.1b -1.6b translates to N116 - N169

Sunrisepebble:
So the premium paid to the majority will be lower than the premium to the minority? Still doesn’t sound quite right. Where was the $1bn figure from Bloomberg gotten from

Sunrisepebble:
You pple are much smarter than I am. I’ll leave this to you. It’s sha 100+ we will see

GeeKudi:
Sure! If there is no significant pullback by analogue investors and profit takers, it should cross 100 by early next week. Thereafter, we will see how far people can stretch the largesse. May 2025 is too far for people like me. Will only leave few units for the Chinese.

GeeKudi:
The 838m paid to the majority shareholders was for 83% of the company. They valued 100% of the compant at 1.1b-1.6b. So, if you calculate the value per share based on the 100% valuation, you get N116-N169.
If you want to calculate value per share based on the 83% paid for, then you divide the 838m by 83% of the OS.

GeeKudi:
Sure! If there is no significant pullback by analogue investors and profit takers, it should cross 100 by early next week. Thereafter, we will see how far people can stretch the largesse. May 2025 is too far for people like me. Will only leave few units for the Chinese.

GeeKudi:
Sure! If there is no significant pullback by analogue investors and profit takers, it should cross 100 by early next week. Thereafter, we will see how far people can stretch the largesse. May 2025 is too far for people like me. Will only leave few units for the Chinese.

Sunrisepebble:
It is also very far for me. If we can scale 100 successfully. I’m very happy getting down. I can find the 10% or so elsewhere during the EOY rally

bovali:
I've put it in numbers to explain better. @sunrise let me know if this clarifies.

ositadima1:
I think the issue with his calculation is quite different from what you explained. Assuming x dollars represents 100% buyout of the shares and y is the total number of shares, the result will be the same whether you divide x by y or calculate 17% of x divided by 17% of y, as the 17% cancels out. One of you must be making a mistake since both approaches should lead to the same number. This discrepancy between 180 and 400 is absurd.

Why don’t you all give it a rest and let things play out naturally?"

GeeKudi:
Sure! If there is no significant pullback by analogue investors and profit takers, it should cross 100 by early next week. Thereafter, we will see how far people can stretch the largesse. May 2025 is too far for people like me. Will only leave few units for the Chinese.

BabsO2:
Some stockbrokers too just recommend rubbish or fail to update their recommendations. Read one's SELL recommendation for WAPCO in the mail today.
The recommendation should have been HOLD

megawealth01:
You won't retire. Money is like numbers it never satisfies

veecovee:
D; D; D; The Holy Book called it deceitfulness of riches. You may plan to repent when you worth 1 billion naira but when you make it, your eyes would be opened to the fact that Bill gate philanthropically gave outn2 billion dollar. D; D; D; And immediately you'll shift your goal post D;

megawealth01:
Anyone following stockbrokers recommendations is like someone following Wale and taking all his words to heart

BabsO2:
Some stockbrokers too just recommend rubbish or fail to update their recommendations. Read one's SELL recommendation for WAPCO in the mail today.
The recommendation should have been HOLD

bovali:
Don't know what issue you have with me. It is not like we are spamming the page. You see us genuinely trying to do something that matters and you're telling us to rest. If it bothered you so much you could have skipped the post. its not my fault if maths is hard to understand for you. Will ignore your posts going forward. You're too aggressive.

BabsO2:
Chai. Relax let Wale breath

ositadima1:
Lol, you remind me of those noisy teenagers who try to estimate which questions they got right and what their score might be after an exam. What’s the point, when the exam is already over?

Back then, I always felt like slapping their dumb heads.

BabsO2:
Some stockbrokers too just recommend rubbish or fail to update their recommendations. Read one's SELL recommendation for WAPCO in the mail today.
The recommendation should have been HOLD