₦airaland Forum

pluto09:
https://businessday.ng/markets/article/huaxin-to-pay-just-66-of-market-value-for-lafarge-africa/

Hope this chinko people will not do us ojoro on this one......

zendi:
I nearly jied into intenegins last week but the Angel stopped me. Norrenberger is paying off their debts but I have no patient funds to spare into a trap.

Streetinvestor2:
What is the naira value that the chinko even buy per unit .For me my is #200 nothing less.I don't even wish to sell with the kind dividend I will be getting in future

dapix:
This is not possible oga, the basis and worth of the company as at when the deal was communicated, is totally different from what the current worth of the company is, based on its financial performance. It will only make the deal longer for minority share holders, as they will need to propose a new value, of which will be agreed upon, at an AGM, before getting SEC approval for it.

If I were you, its time to position and be watching. Definitely, the price is going to be higher than the earlier proposed, as the company is now worth more.

dapix:
If I were you, its time to position and be watching. Definitely, the price is going to be higher than the earlier proposed, as the company is now worth more.

yMcy56:
Oga, don't be in haste to take any position, let's have a clear communication from the new substantial holder (HUAXIN CEMENT) first.....

** I don't advice any haste in taking any action (either to sell or buy) for now.

** Caveat: Remember this is strictly my amateur opinion, the fact remains that you are the CEO of your portfolio

yMcy56:
You know, I warned about buying above estimated price that time when some projected N150, but I come look like say I no know wetin I dey talk.

In a buyout situation, we can't just assume a price but we can have an estimated price based on consideration of certain factors and figures.

For now, we don't even know the exact value Huaxin bought it yet..

* If Huaxin bought the 83.81% (13,500,114,800units) of HOLCIM's stake at $1bn for instance, the price will be N114.07

* If it's the initial $838.13 million, then it will be N103.85

Now, there was a clause of "before dividend markdown", so this may have effect on the unit price was purchased again......either slightly down or up.

** As it is, I don't think Huaxin planned taking the whole 100% of WAPCO shares (only took 100% of HOLCIM shares)....
Based on the contents of the deal and based on my amateur interpretation, HUAXIN did not plan delisting WAPCO from NGX....
Maybe it will now be later later date o, we don't know yet.
** I think it's better not to act in haste yet......those selling off might have purchased at a very low price of 40, 30 or below self.....
** Just my opinion.

Mpeace:
The deal cannot be concluded until all suits are settled. They are still at preliminary stages of their suit. In fact the suit has been put on hold pending the determination of an appeal at the court of appeal.
This their deal might not have SEC approval until that suit is settled.
It is only when SEV approves that they can make the communication on NSE and then the MTO.
Meanwhile e be like say Ellah don release another thing today by way of publication

faoogoke:
I just got into the VFD boat at N11. Medium term hopeful.

awesomeJ:
Index below 140k.
Not the best start to a new month!

cocolacec:
ARKET BULLETIN

01 September 2025 NGXREG/IRD/MB64/25/09/01

Notification of Suspension of Three (3) Listed Companies Trading License Holders and the investing public are hereby notified that pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which provides that:
If an Issuer fails to file the relevant accounts by the expiration of the Cure Period , The Exchange will:
a) Send to the Issuer a Second Filing Deficiency Notification within two (2) business days after the end of the Cure Period;
b) Suspend trading in the Issuers securities; and
c) Notify the Securities and Exchange Commission (SEC) and the Market within twenty- four (24) hours of the suspension, trading in the shares of the three (3) listed companies below have been suspended from the facilities of Nigerian Exchange Limited (NGX or The Exchange) effective today, Monday, 1 September 2025 for not filing their Audited Financial Statements for the year ended 31 December 2024:
1. Regency Alliance Insurance Plc
2. International Energy Insurance Plc
3. Universal Insurance Plc

In accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the above mentioned companies shall be lifted upon the submission of the outstanding financial statements. Obioma Oge For: Head, Issuer Regulation Department

yMcy56:
I was surprised when I read they sealed the deal already....
I thought the case is in court and adjourned till October

As for ELLAH, post the link because I cant see it yet on NGX

zendi:
He deserves to cash in big from the book.
It is a very good book from the excerpts I've read. It is likely highly motivational, and it's powerfully titled too.

Making It Big.

Femi is actually a good story teller. I posted here sometime ago his narration of how Tony drbbled him out of Transcorp. And in this book, from what I've read, he's talking of how he lost 200b and lived to tell the story. He's actually a serial business survivor, and this will make an interesting read

This one is no MH He's not dumping the book on people.
It's his creative property and income stream forever.

Princkez:
but i have seen Universal Insurance audited 2024 result,abi is there any other result..please someone should educate me.

Redoil:
`what did yous see in that stock

Agbalowomeri:
Na you wan fight Mr. Market price action

Zee0007:
Lafarg looks like it will get a better shape in the coming month due to its Chinese purchase.

MeezPat:
A billionaire in naira or dollars.(Kpakus or premium billionaire according to NSEMPA) No block me o na cruise

Melcapital:
This comment is premium! Even if you mean something else.

People with bullion vans of Naira notes will still claim the title of billionaire. With the way the word billionaire is being thrown around, you'd think billionaire status is all that there is to achieve in life.

Make una no block me a third time o, I love peace.

Melcapital:
This comment is premium! Even if you mean something else.

People with bullion vans of Naira notes will still claim the title of billionaire. With the way the word billionaire is being thrown around, you'd think billionaire status is all that there is to achieve in life.

Make una no block me a third time o, I love peace.

Mpeace:
It the same result they posted last week they reposted.

KarlTom:
Let me complete the bolded sentence

...and you love throwing stones in the market square

Agbalowomeri:
Oando enthusiasts
Both daily and weekly candles comfortably buried beneath the cloud

Medium term bearish

leo1234:
A billionaire is a billionaire whether it is in naira or dollar.
None of the above is easy to come by.

KarlTom:
ELLAH trying so hard to prevent the fall in SP.
They've even changed the title again

At this point, they need to pay for more PR