₦airaland Forum

Akpos jumps from bed and starts shouting "God save me, save me, save me. The wife asked, did you have a nightmare? He says yes. The wife asked ask again, were you been chased by a lion? Akpos replied; lion is even better. I nearly voted for Buhari again.

Manonamission:
It should be filled now Someone don dump finish

Yeah. Who is this? May be he knows something we don't...

Born2berich:
Read the write up...It is stated clearly that 65.7% to dangote industries and dangote will give tiger brand an immediate cash payment of 0.7 billion rands which tiger brands will use to settle their 0.4 Billion debt...What does this mean? It means tiger brand will clear its debts and will be in profit at the moment..This is why the high bids today...People that were able to get this info on time has jumped in...Too sad this news didnt get to us right away...This news is good for immediate JIJO.

I don't think it matters much to the market how long it will take tiger to return to profit.
The driver of this scramble is the name 'Dangote'. That Dangote is re-entering big.
That since Dangote is fully back on board, the plane can no longer crash. May trend to 3.

zendi:
I don't think it matters much to the market how long it will take tiger to return to profit.
The driver of this scramble is the name 'Dangote'. That Dangote is re-entering big.
That since Dangote is fully back on board, the plane can no longer crash. May trend to 3.

Amen...

zendi:
I don't think it matters much to the market how long it will take tiger to return to profit.
The driver of this scramble is the name 'Dangote'. That Dangote is re-entering big.
That since Dangote is fully back on board, the plane can no longer crash. May trend to 3.

hello please what is happing with dangote flour?

ihedioramma:
hello please what is happing with dangote flour?

Aliko Dangote, the second richest man in Africa after me,
who sold his stake in dangflour to the South Africans, is buying that stake back,
thereby returning dangflour ownership fully back to Nigeria again.

(modified)

zendi:
Aliko Dangote, the second richest man in Africa after me,
who sold his stake in dangfour to the South Africans, is buying that stake back again,
thereby returning dangflour fully back to Nigeria again.

thank's but why is the stock one place as 22 of last?

myjoy084:
Naa Insurance everyone dey look now...Diaris God ooooo. NIGERINS CHAI

Any news on NIGER INSURANCE?

ihedioramma:
thank's but why is the stock one place as 22 of last?

Because NSE changed the name to TIGER BRANDS. So the stock stopped trading under the DANGFLOUR name.

zendi:
Aliko Dangote, the second richest man in Africa after me,
who sold his stake in dangflour to the South Africans, is buying that stake back,
thereby returning dangflour ownership fully back to Nigeria again.

(modified)

So we're all taking position because the man who fathered the company
knows better than anybody else how to get it back to shape.

Intendy:
Is it. going down to 0.50k
http://www.pmnewsnigeria.com/2015/12/14/tiger-brands-sells-65-stake-in-dangote-flour-mills-for-1/

Certainly there's no gainsaying one should invest only in fundamentally sound stock. If you must dine with the devil, you need a very long spoon in order to keep your distance. I guess Tiger Brands did not carry out due diligence . After frustrating Tigerbrands out of the business they have started bidding up the price of the stock. Dangoteee, all dis things you are doing...dia is God oooooo.

SWG1:
And u saw an Elephant sitting down or fell flat like wall of Jericho?

Born2berich:
Unity bank is about to park well at the car park. Oga Elai, is this the bank you dreamt about?

The stock I saw was UBN but my dreams, if at all e go happen, dey always no be direct. So it may be another bank or even a stock from another sector

Manonamission:
I don't get your perspective either. It is a positive development for the company and shareholders alike. DIL becomes the majority shareholder and will most likely turn around the fortunes of the company. What is your perspective exactly?

Turn around which fortune? Was Dangote not the former owner? Why didn't he turn the fortune around before now? The guy has just succeeded in scamming Tiger Brands. The former directors of the company who previously resigned their appointments have all been reappointed. Perhaps the next thing would be to change the name back to Dangote Flour . Dangote is probably going to restabilize the price of the stock at around N2 - N3 and then look for another maga to sell to

Elai147:
Turn around which fortune? Was Dangote not the former owner? Why didn't he turn the fortune around before now? The guy has just succeeded in scamming Tiger Brands. The former directors of the company who previously resigned their appointments have all been reappointed. Perhaps the next thing would be to change the name back to Dangote Flour . Dangote is probably going to restabilize the price of the stock at around N2 - N3 and then look for another maga to sell to

Of course the name will be changed back. The departure of the former directors may have had to do with the ownership at the time.

Elai147:
Turn around which fortune? Was Dangote not the former owner? Why didn't he turn the fortune around before now? The guy has just succeeded in scamming Tiger Brands. The former directors of the company who previously resigned their appointments have all been reappointed. Perhaps the next thing would be to change the name back to Dangote Flour . Dangote is probably going to restabilize the price of the stock at around N2 - N3 and then look for another maga to sell to

watch that space

Elai147:
Certainly there's no gainsaying one should invest only in fundamentally sound stock. If you must dine with the devil, you need a very long spoon in order to keep your distance. I guess Tiger Brands did not carry out due diligence . After frustrating Tigerbrands out of the business they have started bidding up the price of the stock. Dangoteee, all dis things you are doing...dia is God oooooo.

like seriously?

information is life wire of every society, did you think you can do well without information?

UD4040:
abeg no vex o- u no get any other work? Bear- crude oil price slump- nigeria going into recession- everybody should stand down from d mkt for now- we done hear now- a word is enough 4 d wise- we ain't kids here abeg.

http://www.premiumtimesng.com/business/oil-and-gas/195169-glut-likely-as-oil-tumbles-towards-11-year-lows.html Oil prices fell for a seventh straight
session on Monday, coming close to 11-
year lows, amid growing fears that the
global oil glut would worsen in the
months to come.
Brent crude fell by 3.4 per cent to below
$36.70 a barrel for the first time since
December 2008 and U.S. West Texas
Intermediate (WTI) sank 2.5 per cent
below $34.70 a barrel.
Brent traded less than 50 cents above the
lows last seen during the 2008 financial
crisis of $36.20 a barrel.
“Oil is coming under pressure as the lack
of OPEC cuts mean incessant oversupply
continues,” said Amrita Sen from Energy
Aspects think tank.
Both benchmarks have fallen every day
since the Organization of the Petroleum
Exporting Countries, OPEC, abandoned
its output ceiling on December 4.
In the past six sessions, they have shed
more than 13 per cent each.
OPEC has been pumping near record
levels since last year in an attempt to
drive higher-cost producers such as U.S.
shale firms out of the market.
New supply is likely to hit the market
early next year as OPEC member Iran
ramps up production once sanctions are
lifted as expected following the July
agreement on its disputed nuclear
programme.
“All new production will be earmarked
for exports,’’ BMI Research said in a
note.
“In addition to volumes released from
storage, Iran will be able to increase
crude oil and condensates exports by a
maximum of 700,000 b/d by end-2016,”
it said.
Gulf producers and Russia have said
they would not cut output even if prices
fell to $20 per barrel.
On Friday, the International Energy
Agency, IEA, said the global supply glut
was likely to deepen next year and put
more pressure on prices.
OPEC supply is likely to increase by 1
million bpd next year, Morgan Stanley
analysts said in a research note on
Monday.
“Almost the entirety of added supplies in
2016 will come from Iran, Iraq and
Saudi,” it said.

Oando I will buy you this week.

Elai147:
Certainly there's no gainsaying one should invest only in fundamentally sound stock. If you must dine with the devil, you need a very long spoon in order to keep your distance. I guess Tiger Brands did not carry out due diligence . After frustrating Tigerbrands out of the business they have started bidding up the price of the stock. Dangoteee, all dis things you are doing...dia is God oooooo.

Hmm,, biTL, softly, softly o. Conspiracy theories dey sweet pass sugar to dish out o.
This Tiger Brand of a people, could they have been such kindergarteners in biz that we should believe they purchased this coy without engaging the best consultants available to conduct due diligence for them? Or is it a seller's fault if a buyer, for reasons unknown, could not optimize an asset he purchased with his four eyes wide open? In fact I believe Dangote, whose hand is full of businesses already, is taking back the coy just to show the world that he did not sell a dud. If he is paying less than he sold, it is because there has been a run down. He is paying according to the present valuation.
I am not an employee of DIL. Nor am I making any recommendation. For one, I don't want to be chased out of nsempa when it backfires, or be forced to change username to zendi5050 .
But I know that if the deal goes through, the fortunes of the company cannot be the same in Dangote's hand, as in Tiger's. Dangote is yet to be associated with a moribund company to the best of my knowledge. He is very good at injecting money without recourse to shareholders, and as these funds injections and other turnaround news hit the market in the days to come, you may see this stock trending back up towards 5, ALL THINGS BEING EQUAL

Monkey hunting

Elai147:
Turn around which fortune? Was Dangote not the former owner? Why didn't he turn the fortune around before now? The guy has just succeeded in scamming Tiger Brands. The former directors of the company who previously resigned their appointments have all been reappointed. Perhaps the next thing would be to change the name back to Dangote Flour . Dangote is probably going to restabilize the price of the stock at around N2 - N3 and then look for another maga to sell to

He actually did grow the company into a major flour miller, 2nd only to Flour mills. I guess he sold it when the growth trajectory started to dip. That is not to say he doesn't have the resources or capacity to turn the company around. His antecedents speaks for him.

Justcul:
Monkey hunting

by who? na the fat healthy promising monkeys wey i just buy today i wan sell to you?

Raider76:
Because NSE changed the name to TIGER BRANDS. So the stock stopped trading under the DANGFLOUR name.

but i cant see the in the list sir ?.

zendi:
Hmm,, biTL, softly, softly o. Conspiracy theories dey sweet pass sugar to dish out o.
This Tiger Brand of a people, could they have been such kindergarteners in biz that we should believe they purchased this coy without engaging the best consultants available to conduct due diligence for them? Or is it a seller's fault if a buyer, for reasons unknown, could not optimize an asset he purchased with his four eyes wide open? In fact I believe Dangote, whose hand is full of businesses already, is taking back the coy just to show the world that he did not sell a dud. If he is paying less than he sold, it is because there has been a run down. He is paying according to the present valuation.
I am not an employee of DIL. Nor am I making any recommendation. For one, I don't want to be chased out of nsempa when it backfires, or be forced to change username to zendi5050 .
But I know that if the deal goes through, the fortunes of the company cannot be the same in Dangote's hand, as in Tiger's. Dangote is yet to be associated with a moribund company to the best of my knowledge. He is very good at injecting money without recourse to shareholders, and as these funds injections and other turnaround news hit the market in the days to come, you may see this stock trending back up towards 5, ALL THINGS BEING EQUAL

The truth is only Tiger Brands and Dangote know exactly what has transpired. We are only guessing. However, IMO, I think one of the reasons may be due to poor due diligence- one of the main reasons why mergers and acquisitions fail. And yes, even a big company can fail to do proper due diligence, e.g Oando Vs COP deal. Nobody is perfect. After all the people wey wan help the company do the due diligence, na one head dem get like me and you, and whatever due diligence they may have carried out was limited to the information made available to them- Dangote is a very good business man and if he decides to conceal anything about his company before any acquisition, I don't think it will be easy for anyone to spot out- only the wearer knows where the shoe pinches.

Did you say Dangote is yet to be associated with a moribund company? Why do you think he sold the company in the first place? Why didn't he sell dangote sugar or Nascon or Dangote cement? Before Tigerbrands took over, we all knew the company was not in a good shape. And why do you think Tiger Brand was quick to change the brand name from dangote flour? It can be a bad- and also a good- idea to change a brand name immediately after acquisition due to the risk involved. Do you think an acquirer of Nestle Plc would change the name from Nestle to their own brand? Very unlikely... Also, would you have invested in Dangote flour for long term before now? If not, why would you now? Because nothing has really changed except that the company has gone from bad to worse and that Dangote has technically made a lot of profit by a systematic 'short-selling' .

I am not saying this stock will not rally, or that it isn't good for JIJO, or that Dangote doesn't have the ability to turn the company around even if he obviously failed to do so in the past. I am only stating the obvious. In fact, those who were able to enter earlier today may benefit enormously and I may be among . But at the same time, I am wondering how one can explain the massive dumping of over 35 million units after the stock went on full bid...reference to @Manonamission's post below...

Manonamission:
It should be filled now Someone don dump finish

Manonamission:
He actually did grow the company into a major flour miller, 2nd only to Flour mills. I guess he sold it when the growth trajectory started to dip. That is not to say he doesn't have the resources or capacity to turn the company around. His antecedents speaks for him.

I agree with you my oga.

[U.S. oil rises, reversing course after nearing 11-year lows | Reuters]http://mobile.reuters.com/article/idUSKBN0TX02920151214

U.S. crude rose nearly 2 percent Monday, recovering slightly after moving within a hair of 11-year lows, but analysts and traders said it is still too early to declare the market has reached its bottom.

Both U.S. and global benchmark Brent crude have been tumbling downward since an OPEC meeting Dec. 4 at which the oil-producing countries removed their production ceiling, exacerbating global crude oversupply. Monday's close marked the first significant rebound since the meeting.

Early in the day, both Brent and U.S. crude futures fell by as much as 4 percent to their lowest levels since the start of the 2008 financial crisis, before turning around midday in the United States.

Brent futures for January delivery LCOc1 settled down 1 cent at $37.92 a barrel. U.S. crude CLc1 rose 69 cents, or 1.94 percent, to $36.31.

[http://www.vanguardngr.com/2015/12/fuel-subsidy-to-go-next-year/]

*As petrol ‘ll sell for N97 per litre

*Harder times ahead, FG alerts Nigerians

*Personnel cost to drop by N100bn

*FG to fund 2016 N6trn budget with IGR

LAGOS — Following increased pressure on revenue and the expenditure profile, the Federal Government has finally yielded to domestic and international pressures to remove fuel subsidy.

This is coming as crude oil prices hit a seven-year low with global reference crude, West Texas Intermediate and Brent trading yesterday at $34.7 and $36.7 per barrel respectively, effectively disrupting Nigeria’s $38 per barrel benchmark for 2016 budget.

The crash has resulted into about N1.45 trillion shortfall in the value of the projected oil output in the international market based on production target increased in the 2016 plan to 2.2 million barrel per day (mbpd), up from actual 1.9 mbpd in 2015.

Check the list of worst performing stocks of 2015. All the quoted flour mills are there. The problem is the huge operating cost. Importing flour has become crazy expensive. Maybe Dangote can see a star in the horizon with the Import substitution plan of the current adminstration. But I think it'll still take a very long time for flourmills in Nigeria to return to profitability.

General offloading and panic selling happening in the general market(NSE)...Hope you guys are sharpening your cutlasses...Xmas money must not pass me by.

Born2berich:
General offloading and panic selling happening in the general market(NSE)...Hope you guys are sharpening your cutlasses...Xmas money must not pass me by.

for those who still have cutlasses to sharpen....

http://www.vanguardngr.com/2015/12/fg-pushes-for-electricity-tariff-increase/

MINISTER of Power, Works and Housing Mr. Babatunde Fashola, said Nigerians should expect increase in electricity tariff in no distant time. This is as he also indicated the Ministry of Petroleum has signified their interest to build certain critical pipelines to transport gas to the power plants that will add another 2,000 mega watts to the national grid within 12-15 months.

is like bear has drove some people away from this house, from morning till now, just 6 post.