Dear NSEMPA

This is to inform you of the forthcoming Annual General Meeting of ECOBANK TRANSNATIONAL INCORPORATED, details of which are given below:

Date: TUESDAY, 24th APRIL 2018



Time: 10:30 AM


Venue: PAN AFRICAN CONFERENCE CENTRE, LOMÉ, TOGO.

currentprice:


Loco for like follow you enter this trade but his money has been basket trap in zenith

Lol. na him dey laf me and diamond. Make him enjoy de trap.

RabbiDoracle:


He has taken off. Chai.

He had better returned. They can only laf at him, no one will beat him for giving wrong recommendation.

Does anyone have a gsm line for Pace Registrars? Thanks in advance.

Mpeace:
Lol. na him dey laf me and diamond. Make him enjoy de trap.

Never relax for Transcorp yet.
I am ready to laff more if it fall more.

wanaj0:


Not sure where you got that impression from. I only stated that during the forex crisis, Dangote was getting forex at subsidised rate from government. I also stated that I don't see him selling products in Naira. I am impressed by the refinery and petrochemical complex! He is bold and believe in Nigeria.

There is always the Good, the Bad and the Ugly. Fact is that the man thrives where there is monopoly and government support. He stays away from highly competitive sectors especially where the barrier of entry is low! He has failed in sectors where there is no government protection and is an all comers affair.

Those are TRUTHS.

BUY the TRUTH and SELL it not

wanaj0:


Not sure how you arrive at that conclusion.

when it comes to analysing a company. Emotions are set aside. You deal with available facts and make judgement call based on the information available to you.

For Dangote Cement, there are few players with HIGH Barrier of entry. Dangote Cement is the market leader so IF I want to buy a cement company, I will buy Dangote Cement. It can control both the price and also the volume. See the use of cement for construction of roads for example. Moreover, there is really no substitute for cement. Hence, I can see a 'future' for Dangote Cement.

Dangote Sugar is similar. Few players, relatively high barrier of entry. So there is a seeming monopoly. Dangote Sugar is market leader so can determine what goes on in the sector. Not much alternative/Substitute to Sugar.

Dangote Flour is different. It is not the market leader. The barrier of entry is low with many flour milling company. Dangote cannot dictate the price. It is not compulsory to eat flour. At a certain price level, people will switch to alternatives. So don't see DF sustaining the current revenue and EPS growth rate. Not going to happen.

For Tony and his companies, I watch with eyes wide happen. United Capital is significant in my holding because I 'trust' the GMD.

My Oga the 1st part of ur post in bold seem to contradict the parts in bold from ur 2nd post below.
...if indeed as u profess, the man Dangote stays away from coys where the barrier of entry is low, then he wouldn't be heading Dangote Flour !!
While I wouldn't dispute the fact that DF isn't the market leader in the flour segment, I insist however that it would be drawing up very stiff inference for anyone to conclude that they can not sustain their earnings going forward. (...as u highlighted in the part in italics).

Let's go a bit down memory lane; am sure ur aware that union dicon salt use to be the market leader by miles before now. ...as at the time, NASCON which is now the market leader was a relatively small firm. ... but it was Dangote who impressed and turned things around.
So are his other coys. ...for DS and DC weren't market leaders from Adam. ...they grew over time to assume those positions.
That said, I am not saying that DF can usurp FLOURMILLS as the market leader in no time.
...my point however is that given where DF was, is and is currently headed to, we need to give some kudos to the management for a job well done.
For even on a ROE and ROI basis, an Investor is by miles better off now than when the Tiger brand folks were there. ...and continues to fair much better.
So we need to see things as they realy are (at least from a result perspective) and not assume that the 'future can only be a mirage'.
Again I find it a bit surprising on how u presume that the man Dangote would've been a complete no-do-well but for the favoured monopoly and government support he supposedly receives.
Pls let me ask u Sir; would u or any investor had been better off if indeed Dangote had lacked any kind of government support?
...I would've thought the paramount concern of any investor should be to reap a good ROI, and if this comes with any kind support, then all the more better.
Let's face facts; Nigeria is a country where the ease of doing business is near zero. ...and the last time I checked, no business/firm can successfully and sustainably thrive 'big time' in this clime without some measure of government support in one form or the other. ...no matter how little, something must have to give.
Perhaps the reason we give a bit of prominence to that of Dangote is because he's always had a good romance with every govt from the last 2 decade. ...but that's a good thing for any shareholder/stakeholder involved with any of his firm. ...that's why his coys always get a good rating and credibility from the investment world.
There is a reason why most acclaimed world rating agencies give due consideration to the perceived extent of govt support as a forward looking measure, when trying to guage the future performance and/or strength of a company/firm. ...as a matter of fact, the core of the FPIs don't joke with this whenever they wish to key into a coy.
But with or without any support, performance is what counts and so thats where we should put our minds on. ...and as far I am concerned, Alhajis performances are to a good extent remarkable !!
However, its not all the time that he gets those acclaimed support. ...I'll give u a quick example; been in the telecom sector I can categorically tell u that the same man(Dangote) did infact lose out in his secret quest to buy off ETISALAT using one of the initially touted bidders. ...but most folks are not aware of this. So its not always the case that he gets support all the time.

In all, for as long as any form of govt support goes down well for an Investor, then it's very much a welcome development. ...we need it.
Note however that am not trying to be overly optimistic. ...am only been someone who sees things as they truly are. That said, if tomorrow Dangote fails to do anything right, I''ll also air my view.
But whether there is some support or not, It should never be a yardstick to ad judge the performance of the man Dangote.
Let's admit to the fact that the man has over the years performed creditably well.

Cheers Sir !!

cha! let me go eat before i read the post above me

currentprice:
cha! let me go eat before i read the post above me

That guy can write for africa.

there are 2 particular stock that are very likely be in the top gainer this year but both have coma, the coma might be the reason pple don't coment on it.

onegentleguy did coment/post on one but never coment on the 2nd.

oya throw stones, already have my hat on

locodemy:


NA LONGER THROAT FOR DIVIDEND LAND ME FOR THIS O.
BRING HEAD COME TAKE HEAD.I STILL DEY WATCH.

That is why I like you, you always say the truth when you are boxed into a corner . You are not alone in this Zenith matter. Yours truly also bought 200,000 units at 31.40 thinking the dividend will give it a little price appreciation so that I can go out with at least 10%, I don't always like dividends because by the time they remove witholding tax, 10% of the dividend would have gone.

Zenith released a good dividend at the wrong time in the market. Well, If it goes down more, I may average down a little.

Mpeace:
That guy can write for africa.

No be small thing . I have never missed a word in those long posts, take my time to read them. If I can't finish at a go, I leave it and come back

debenzd:
Must you buy the same units at a lower price to average down?

Still patiently waiting for a reply.

debenzd:
Must you buy the same units at a lower price to average down?

No ma, any amount of unit that reduces your average holding price averages down.

currentprice:
cha! let me go eat before i read the post above me

Gbam!!!

onegentleguy:



My Oga the 1st part of ur post in bold seem to contradict the 2nd part in bold below.
...if indeed as u profess, the man Dangote stays away from coys where the barrier of entry is low, then he wouldn't be heading Dangote Flour !!
While I wouldn't dispute the fact that DF isn't the market leader in the flour segment, I insist however that it would be drawing up very stiff inference for anyone to conclude that they can not sustain their earnings going forward. (...as u highlighted in the part in italics).

Let's go a bit down memory lane; am sure ur aware that union dicon salt use to be the market leader by miles before now. ...as at the time, NASCON which is now the market leader was a relatively small firm. ... but it was Dangote who impressed and turned things around.
So are his other coys. ...for DS and DC weren't market leaders from Adam. ...they grew over time to assume those positions.
That said, I am not saying that DF can usurp FLOURMILLS as the market leader in no time.
...my point however is that given where DF was, is and is currently headed to, we need to give some kudos to the management for a job well done.
For even on a ROE and ROI basis, an Investor is by miles better off now than when the Tiger brand folks were there. ...and continues to fair much better.
So we need to see things as they realy are (at least from a result perspective) and not assume that the 'future can only be a mirage'.
Again I find it a bit surprising on how u presume that the man Dangote would've been a complete no-do-well but for the favoured monopoly and government support he supposedly receives.
Pls let me ask u Sir; would u or any investor had been better off if indeed Dangote lacked any kind of government support? ...I would've thought the paramount concern of any investor should be to reap a good ROI, and if this comes with any kind support, then much better.
Let's face facts; Nigeria is a country where the ease of doing business is near zero. ...and the last time I checked, no business/firm can successfully and sustainably thrive in this clime without some measure of government support in one form or the other. ...no matter how little something must have to give.
Perhaps the reason we give a bit of prominence to that of Dangote is because he's always had a good romance with every govt from the last decade. ...but that's a good thing for any shareholder/stakeholder involved with any of his firm. ...that's why his coys always get a good rating and credibility from the investment world.
There is a reason why most acclaimed world rating agencies give due consideration to the perceived extent of govt support when trying to guage the future performance and/or strength of a company/firm.
However, its not all the time that he gets those acclaimed support. ...I'll give u a quick example; been in the telecom sector I can categorically tell u that the same man(Dangote) did infact lose out in his secret quest to buy off ETISALAT using one of the initially touted bidders. ...but most folks are not aware of this. So its not always the case that he gets support all the time.

In all, for as long as any form of gov't support goes down well for an Investor, then it's very much a welcome development. ...we need it.
Note however that am not trying to be overtly optimistic. ...am only been someone who sees things as they truly are. That said, if tomorrow Dangote fails to do anything right, I''ll also air my view.
But whether there is some support or not, It should never be a yardstick to ad judge the performance of the man Dangote.
Let's admit to the fact that the man has over the years performed credibly well.

Cheers my Sir !!

I don't want to get into the argument of the kind of business man Dangote is .
He is doing well with his companies and I am happy with that.

Now, DS grew profit by about 200% last year and DF did about 50%.
The question is this, can DS grow profit by 100% this year?
Can DF grow profit by 50% this year?

currentprice:
there are 2 particular stock that are very likely be in the top gainer this year but both have coma, the coma might be the reason pple don't coment on it.

onegentleguy did coment/post on one but never coment on the 2nd.

oya throw stones, already have my hat on

No need to waste our time guessing unless they are wife materials.
Are you saying they are good to buy now after they have been on the list of top gainers since this year?

onegentleguy:



My Oga the 1st part of ur post in bold seem to contradict the 2nd part in bold below.
...if indeed as u profess, the man Dangote stays away from coys where the barrier of entry is low, then he wouldn't be heading Dangote Flour !!
While I wouldn't dispute the fact that DF isn't the market leader in the flour segment, I insist however that it would be drawing up very stiff inference for anyone to conclude that they can not sustain their earnings going forward. (...as u highlighted in the part in italics).

Let's go a bit down memory lane; am sure ur aware that union dicon salt use to be the market leader by miles before now. ...as at the time, NASCON which is now the market leader was a relatively small firm. ... but it was Dangote who impressed and turned things around.
So are his other coys. ...for DS and DC weren't market leaders from Adam. ...they grew over time to assume those positions.
That said, I am not saying that DF can usurp FLOURMILLS as the market leader in no time.
...my point however is that given where DF was, is and is currently headed to, we need to give some kudos to the management for a job well done.
For even on a ROE and ROI basis, an Investor is by miles better off now than when the Tiger brand folks were there. ...and continues to fair much better.
So we need to see things as they realy are (at least from a result perspective) and not assume that the 'future can only be a mirage'.
Again I find it a bit surprising on how u presume that the man Dangote would've been a complete no-do-well but for the favoured monopoly and government support he supposedly receives.
Pls let me ask u Sir; would u or any investor had been better off if indeed Dangote lacked any kind of government support? ...I would've thought the paramount concern of any investor should be to reap a good ROI, and if this comes with any kind support, then much better.
Let's face facts; Nigeria is a country where the ease of doing business is near zero. ...and the last time I checked, no business/firm can successfully and sustainably thrive in this clime without some measure of government support in one form or the other. ...no matter how little something must have to give.
Perhaps the reason we give a bit of prominence to that of Dangote is because he's always had a good romance with every govt from the last decade. ...but that's a good thing for any shareholder/stakeholder involved with any of his firm. ...that's why his coys always get a good rating and credibility from the investment world.
There is a reason why most acclaimed world rating agencies give due consideration to the perceived extent of govt support when trying to guage the future performance and/or strength of a company/firm.
However, its not all the time that he gets those acclaimed support. ...I'll give u a quick example; been in the telecom sector I can categorically tell u that the same man(Dangote) did infact lose out in his secret quest to buy off ETISALAT using one of the initially touted bidders. ...but most folks are not aware of this. So its not always the case that he gets support all the time.

In all, for as long as any form of govt support goes down well for an Investor, then it's very much a welcome development. ...we need it.
Note however that am not trying to be overtly optimistic. ...am only been someone who sees things as they truly are. That said, if tomorrow Dangote fails to do anything right, I''ll also air my view.
But whether there is some support or not, It should never be a yardstick to ad judge the performance of the man Dangote.
Let's admit to the fact that the man has over the years performed credibly well.

Cheers my Sir !!

Actually, Dangote Flour is the laggard in Dangote Group and Dangote in fact sold off the business. He doesn't hold much shares in the company after Tiger Brands resold it. Dangote finds it difficult to operate in sectors where he doesn't have a serious advantage (monopoly, government favor etc)

currentprice:
cha! let me go eat before i read the post above me

Na epistle to Sir Wanaj0

OBAGADAFFI:
Dear NSEMPA

This is to inform you of the forthcoming Annual General Meeting of ECOBANK TRANSNATIONAL INCORPORATED, details of which are given below:

Date: TUESDAY, 24th APRIL 2018



Time: 10:30 AM


Venue: PAN AFRICAN CONFERENCE CENTRE, LOMÉ, TOGO.

Who will represent us? I nominate Pa Emmanuelewumi, Sir Wanaj0 and Onegentleguy

chibuking81 how far?
Happy to see you among the viewers.
pls talk to us.We bear same pain with you.

locodemy:


No need to waste our time guessing unless they are wife materials.
Are you saying they are good to buy now after they have been on the list of top gainers since this year?

One is Custodian, coma is being in the insurance sector and very illiquid. Got no idea of the second

locodemy:
chibuking81 how far?
Happy to see you among the viewers.
pls talk to us.We bear same pain with you.

It seems all is yet to be well with the family, I pray that God will restore their joy.
But who knows if there is any clue

locodemy:
chibuking81 how far?
Happy to see you among the viewers.
pls talk to us.We bear same pain with you.

It seems all is yet to be well with the family, I pray that God will restore their joy.
But is their any clue or fact that can lead to the rescue of the child, not asking to disclose that

who will be doing this thing ihedioramma does here before going on exile? crude oil now $70.05

pluto09:



I don't want to get into the argument of the kind of business man Dangote is .
He is doing well with his companies and I am happy with that.

Now, DS grew profit by about 200% last year and DF did about 50%.
The question is this, can DS grow profit by 100% this year?
Can DF grow profit by 50% this year?

Sir Pluto pls do try to understand the basis of my post.
While I am not trying to be overtly optimistic about the future, I also refuse to be unduly pessimistic.
For while no one can accurately predict the future, we can at least weigh into it on the back of clearly ad judged facts.
...and if we do just that (at least from a result perspective), then we wouldn't presume that DF can never grow their earnings going forward.
...then we wouldn't use phrases like 'NEVER POSSIBLE' as did Sir Wanajo.
But then again, It could be that he was merely airing his opinion, and of course I respect that.

To answer ur question proper;
On DS, I'd say Probably.
Logically, if they can keep up with the many input from their backward integration master plan, then I see a clear possibility.
...otherwise, I'll give it a probability of at least 1/2.
On DS, I'd say a YES.
...and I've given my clear reasons for this in several of my past post here.

In all, I have said that the future is here, but I think it would be best if we allowed Mr TIME to set matters straight in due course.
...'let's all make friends with Mr TIME'.

Cheers Sir !!

locodemy:
who will be doing this thing ihedioramma does here before going on exile?
crude oil now $70.05

Now 70.40

phemmie06:

Who will represent us? I nominate Pa Emmanuelewumi, Sir Wanaj0 and Onegentleguy

i don't have the stock.

Waiting for UBA @ N9.50...
The bears have just started clearing the site.....

Mpeace:
Is transcorp good at 1.65? I only need to make 20% on it and leave. Can it get to 1.98 by May?

I would have waited till tomorrow to see mkt behaviour.

But from all indication, im entering at a good price tomorrow.

locodemy:
who will be doing this thing ihedioramma does here before going on exile?
crude oil now $70.05

@Pa ihedioramma, please come back o, livestock is not going to bus stop o. it is stabilizing at 86k.

kolaish:
@Pa ihedioramma, please come back o, livestock is not going to bus stop o. it is stabilizing at 86k.

Actually, it is on the road to a trekker's stop...
Bus stop is too dignified for this chicken poo....

Averaging down is bad trading strategy unless you are long term holder