maishai:
I have come to understand that the best investment mind frame for nse is 3yrs........I had this 2 stocks(DF "then Tiger brands" and eterna) in mind this time 3 yrs ago but the sentiments on this forum discouraged me back then, my biggest pain was when one guy made an analyses of why he would buy DF cos Aliko paid #3 while he just paid #1 for the same stock,I was convinced but I did not join the bus.......God knows the fantastically sweet profit I would have been sitting on given the huge funds @ my disposal bck then.....
Looking forward I think there are some stocks that might repeat that cycle but I will wait for January b4 I place my bet.................................

Kevostica:

let the gurus in the house analyse this result for us

maishai:


I have come to understand that the best investment mind frame for nse is 3yrs........I had this 2 stocks(DF "then Tiger brands" and eterna) in mind this time 3 yrs ago but the sentiments on this forum discouraged me back then, my biggest pain was when one guy made an analyses of why he would buy DF cos Aliko paid #3 while he just paid #1 for the same stock, I was convinced but I did not join the bus.......God knows the fantastically sweet profit I would have been sitting on given the huge funds @ my disposal bck then.....
Looking forward I think there are some stocks that might repeat that cycle but I will wait for January b4 I place my bet.................................

yinka2011:


this is easykobo take...the one i trust.


Oct 30 (Lagos) - Flourmills of Nigeria Plc ( FLOURMILL ) joined Honeywell Flour Mills ( HONYFLOUR ) and Dangote Flour Mills Plc ( DANGFLOUR ) in releasing impressive third quarter results today to their respective shareholders.


All three Companies recorded gains in their total equity and BVPS which should provide a boost to their stock prices. DANGFLOUR and HONYFLOUR gained 10.19% and 4.98% today respectively at Nigerian Stock Exchange in Lagos.


FMN ( FLOURMILL ) the biggest of the three Companies was the last one to post its Q3 today and we should see positive reaction tomorrow it its stock price as well.


Top line sales grew 17% to N 298 billion for the first 6 months of its calender year ended Sep 30 2017.


Profit before tax rose 53% to N 9.35 billion in first 6 months of 2017 companies to N 8.8 billion in the same period of last year.


Profit after tax rose 45% to N 9.37 billion in the six month period up from N 6.4 billion for the same period of last year.


Finance costs were a major burden for the Company as they paid N 16 billion in finance cost up from N 10.9 billion in same period of last year.


FLOURMILL is raising N 70 billion part of which is meant for debt refinancing to lower this finance cost.


Shares of FLOURMILL currently trade at N 30 per unit.

reporting for easykobo.com on Monday, October 30 2017 from Lagos, Nigeria

bigjay01:


Yes i did! it still holds true.

I am up over 650% (my average price is less than N1.4).

Mind you i play long term

veecovee:
remember that last year 3rd quarter PAT was 3B and diamond is the 5th richest bank in Nigeria, the good thing is that they didn't make loss. I think that fide, diamond and fcmb has a way of trading within the same price range. There are better companies out there though, but this company is a buy at N1

bigjay01:


I bought based on this rough analysis:

Share outstanding is 5B

Tigerbrands transferred 3.285B (65.7%) to Aliko.

"Subject to regulatory approvals, DIL will provide TBCG with an immediate cash injection of N10 billion. In return, Tiger Brands will
divest its 65.7% shareholding in TBCG to DIL for a nominal consideration and write off its shareholder loans to TBCG. In addition,
Tiger Brands will assume and settle outstanding debt guaranteed on behalf of TBCG."

This roughly implies that Aliko paid ~N3.04/ share (10B/3.285B).

I bought at N1.16, which is about 62% discount to Aliko's price.

Precedents have shown that Aliko is a very shrewd business man, I am willing to hold with him ...

Not a buy or sell recommendation

currentprice:


honestly i remember the post and am still trying to remember the handle that made the post. the price was @ 1.20 when he made the post and went down the following week to 79k. many post that follow his post did not encouraging with Loco at the front roll of all bad comment waiting for 55k. i wanted to buy but each minute i check their report i got discourage as i didn't see anything good to come out of it. chai! imagine one bought 10m unit at N1 and forget it.........

Intendy:


How is it the 5th richest bank.
pls sir say what you are sure of

bigjay01:


Yes i did! it still holds true.

I am up over 650% (my average price is less than N1.4).

Mind you i play long term

angelo82:


Aliko;s calculation is far beyond that analysis above.............Analysis above is when you are dealing with a straight forward businessman................

bigjay01:


"On the effective date as set out in paragraph 7 below, Tiger Brands will
pay Dangote NGN9.50 per DFM Share, implying an aggregate purchase price
of NGN30,093 million (equivalent to approximately ZAR1.5 billion)
(“Purchase Price”). Excluding the once-off impact of an amount of
NGN1,484 million relating to a provision for irrecoverable claims"

http://dangote.com/Investorrelations/dg-tb_Detailed%20terms-21-Sept.pdf

The bottom line is that he sees value at N3.04!

I also see value with him at 62% discount to his entry price.

I don't see how i am buying at a premium (to him) unless he is willing to sell at any price below N1.16. Will he?

veecovee:
remember that last year 3rd quarter PAT was 3B and diamond is the 5th richest bank in Nigeria, the good thing is that they didn't make loss. I think that fide, diamond and fcmb has a way of trading within the same price range. There are better companies out there though, but this company is a buy at N1

locodemy:


what of if they decide to reconstruct the shares later.............ahh! speed on my legs o.........

veecovee:
my research few months ago placed it among the big 5. Well, if FUGAZ just over took it, then diamond should be 6th richest ...

bigjay01:


I bought based on this rough analysis:

Share outstanding is 5B

Tigerbrands transferred 3.285B (65.7%) to Aliko.

"Subject to regulatory approvals, DIL will provide TBCG with an immediate cash injection of N10 billion. In return, Tiger Brands will
divest its 65.7% shareholding in TBCG to DIL for a nominal consideration and write off its shareholder loans to TBCG. In addition,
Tiger Brands will assume and settle outstanding debt guaranteed on behalf of TBCG."

This roughly implies that Aliko paid ~N3.04/ share (10B/3.285B).

I bought at N1.16, which is about 62% discount to Aliko's price.

Precedents have shown that Aliko is a very shrewd business man, I am willing to hold with him ...

Not a buy or sell recommendation

bigjay01:


"On the effective date as set out in paragraph 7 below, Tiger Brands will
pay Dangote NGN9.50 per DFM Share, implying an aggregate purchase price
of NGN30,093 million (equivalent to approximately ZAR1.5 billion)
(“Purchase Price”). Excluding the once-off impact of an amount of
NGN1,484 million relating to a provision for irrecoverable claims"

http://dangote.com/Investorrelations/dg-tb_Detailed%20terms-21-Sept.pdf

The bottom line is that he sees value at N3.04!

I also see value with him at 62% discount to his entry price.

I don't see how i am buying at a premium (to him) unless he is willing to sell at any price below N1.16. Will he?

locodemy:


what of if they decide to reconstruct the shares later.............ahh! speed on my legs o.........

bigjay01:


if you understand reconstruction, you'll understand that it makes no diff, because everything is adjusted proportionately.

Even if you do a 1:100, Aliko will still end up owning 65.7% and I'll still retain my tashere %age

BTW, it would appear that Aliko might be controlling over 75.% of this company

locodemy:


kai double speed on my legs

zendi:
You're more at risk of reconstruction in that your oando that is about to suffer the father of equity dilution in the process of raising 80b for debt reduction. Dangflour has only 5b OS, and 5B it will remain because Dangote doesnt do rights issue or any of such schemes by which small investors are wiped out. He funds the expansions without creating new shares.

locodemy:


hmm! i put my last gear..........vuuuuuuuuuuuuuuuuuuuummmmm.............seee u post reconstruction of dangote flour or tigerhead or whatsever you call it vum vum vuuuuuuuuuuuuum

yinka2011:
diamond bank is a small bank. hope this comparison settles it. if you dont trust me you can go to easykobo do for yourself.

bigjay01:


Yes i did! it still holds true.

I am up over 650% (my average price is less than N1.4).

Mind you i play long term

yinka2011:



oga, no offense but your info is wrong. This is the correct top gainers and top decliners of today - direct from easykobo

bigjay01:

Yes i did! it still holds true.
I am up over 650% (my average price is less than N1.4).
Mind you i play long term

currentprice:

bigjay01:


yeah, i believe he sold to TB @9.5 and bought back from them @3.04 ish

I didn't need a rocket scientist or a neuro surgeon to tell me to buy with him and go to sleep.

I was also encouraged by other Dangotes in my portfolio.

I once bought NASCON @1.99 about 8yrs ago, Dangsugar at between N5 or N6

currentprice:


see money oga tritri abeg leanrn from here all this Diezani money for don tripple for ur hand

tritritri:



With the help of all the Professionals here .I will break even.

EchoLima262:


Oga, I join my faith with yours as a fellow sufferer in the hands of Oando that we will survive this wahala.

locodemy:
Just want to hear some voices.
Between Access and Uba,which one looks promising and target price by march 2018.........

yinka2011:


oga, no offense but your info is wrong. This is the correct top gainers and top decliners of today - direct from easykobo

yinka2011:


this is easykobo take... the one i trust .

yinka2011:
diamond bank is a small bank. hope this comparison settles it. if you dont trust me you can go to easykobo do for yourself .