₦airaland Forum

Could someone tell us why Flourmills is not affected by the bear? Just curious.

Toluway:
Could someone tell us why Flourmills is not affected by the bear? Just curious.

Investors sentiment is favouring FMN
The border closure is a plus for Agro-allied sector
The intrinsic value of FMN shows, the stock is one of the most underpriced and undervalued at the current market price.
Above all, the news surrounding the company has been very positive with respect to assets
This is just my view

Toluway:
Could someone tell us why Flourmills is not affected by the bear? Just curious.

Uncle Tolu so all the flogging that stock received from 33 to 12 is not enough? Abeg make e rest

Toluway:
Could someone tell us why Flourmills is not affected by the bear? Just curious.

They offered their commercial papers at a premium interest ( above the current TB rate)few days ago.

Just got my Caverton 2018 year end dividend from unitedsecurities.. praise God

rebekah2011:
I do not think anyone in Zenith should unnecessarily panic.

what would even cause the panic？ zenith has it own pattern and if one knows its pattern, person should go and sleep. just buy at a reasonable price then wait for reward that is, when they release their final yr result with dividend on top, the price will definitly move so no shaking.

Mpeace:
There is 100% certainty uacn will end 2019 on a heavy loss

How? It's too early to make that call. Their livestock feeds sub which they have 60% stake has been their major cash cow this year has improved their financials q/q coupled with the current boarder closure, import of feeds will reduce and definitely improve their financials this quarter.

nna777:
How? It's too early to make that call. Their livestock feeds sub which they have 60% stake has been their major cash cow this year has improved their financials q/q coupled with the current boarder closure, import of feeds will reduce and definitely improve their financials this quarter.

livestock feeds can't make enough to offset all the loss from q3 2019.
Its a necessary loss.

Godlylifeoneart:
Investors sentiment is favouring FMN
The border closure is a plus for Agro-allied sector
The intrinsic value of FMN shows, the stock is one of the most underpriced and undervalued at the current market price.
Above all, the news surrounding the company has been very positive with respect to assets
This is just my view

Is this my Myjoy? I'm just feeling so.

nna777:
How? It's too early to make that call. Their livestock feeds sub which they have 60% stake has been their major cash cow this year has improved their financials q/q coupled with the current boarder closure, import of feeds will reduce and definitely improve their financials this quarter.

If you feel that livestock feeds is doing well and will help to improve the bottom line of Uacn,why not buy the livestock @ the current price?

Toluway:
Could someone tell us why Flourmills is not affected by the bear? Just curious.

Flourmill (FMN) will fall soon. Rising with its last power.

Buyers beware!

Mpeace:
livestock feeds can't make enough to offset all the loss from q3 2019.
Its a necessary loss.

that the mistake you're making. UACN made profit q3. the profit was use to offset the debt hence the loss as a result of discontinued operations.

locodemy:
If you feel that livestock feeds is doing well and will help to improve the bottom line of Uacn,why not buy the livestock @ the current price?

see stone!!!. oga Loco. it's not me that said it oo. Their q3 financials reported so. As to the livestock, why buy when I already have UACN but we are observing.

emmanuelewumi:
I leaarnt 70k was proposed and agreed by shareholders of the company at the Extra Ordinary General Meeting held on 22nd November 2019 at Lagoon Restaurant Victoria Island Lagos

22nd Nov?
Sir, just curious why they didn't make it public since then. Why is there no update as to that effect? Something is actually missing somewhere.

This UACN, me I don step aside cos of this forth and back on it. Since the unbundling is still first quarter, we go come back around that time by God's grace.

Mcy56:
22nd Nov?
Sir, just curious why they didn't make it public since then. Why is there no update as to that effect? Something is actually missing somewhere.

It is not a major company, it is not on the radar of most analysts.

When stocks are about to be delisted, the price offered by the core investor is opened for negotiations and reviewe.

Which will be agreed on at the Extra Ordinary General Meeting

emmanuelewumi:
It is not a major company, it is not on the radar of most analysts.

You're right sir........just concerned why the coy itself did not notify NSE thru writing.
Just thinking if one could still dive in, but the risk is high if NSE is not officially notified, even as at 20eth of December.
Anyway thanks for your time and responses sir.

DeRuggedProf:
When a vehicle has two opposing minded drivers....

Lol. The deep pockets and the hopeville investing public. .
Prof! Prof! The BOT took you for questioning in its custody again?
Na you go woundjure this BOT las las with grammar.

Intendy:
Stocks with new 52 week lows

Uniondac #0.20k

Nahco #2.12k

Nascon #11.95k

Uniondac has finally arrived.
Bargain hunters take note.

Hope wapco is still a good buy?
Bought some units today @13.8 and it closed at 13.75.

Mpeace:
livestock feeds can't make enough to offset all the loss from q3 2019.
Its a necessary loss.

If it is a necessary loss like that of Q3 then market will handle like it did, what do you think?

nna777:
Why bother yourself how it will workout. we didn't tell them to give us in the first place. They will have sorted that out before making it public. I doubt if new shares would be created.

It's just like telling your child that you will pay his school fees. Do you think your child will be wondering how you will do it?

I didn't have time to study the exact reason UACN will benefit from this moves.
Someone just dropped it here a few week's back, I just believe and keyed in, now I have free 40k profit.
Should I hold or sell off? Is there still scope for further growth or are we at a plateau or zenith?

ukay2:
Oga what will I gain after unbundling uacn with my 1,000 units of uacn..
Thanks Sir

Sorry been away.

You will inherit 640 UPDC and 390 UPDC-REIT
from your 1000 UACN.

I think someone had given the ratio ealier.

leo1234:
Hope wapco is still a good buy?
Bought some units today @13.8 and it closed at 13.75.

Deep pocket guys laid their hands on it today.They brought it as low as 13.10 if you were observant.It later moved to 13.30,13.50,13.90 and closed at 13.75.

This will continue until they are done.

For the company,the way they are dispatching trailer loads of cement in the south-east for road constructions is giving me another joy.

Ovamboland:
I didn't have time to study the exact reason UACN will benefit from this moves.
Someone just dropped it here a few week's back, I just believe and keyed in, now I have free 40k profit.
Should I hold or sell off? Is there still scope for further growth or are we at a plateau or zenith?

Profit taking is going on in UACN now hence the drop in price (some deep pockets entered @6 and @6.20). so the question now is how far would the price drop? I can understand now why oracle said it might drop to 7 or lower. (same stuff that happened to CHAMS from. 46 to. 30 and beginning to happen to DAN. SUGAR from 8.50 to 16.55 now @ 14.95)

As regards your profit, it's up to you and your strategy. Are you short, mid or long termer? If the first then you can so you can rebalance, but if the latter 2, going forward UACN will be on a slow but steady rise.

I hope this helps

locodemy:
Deep pocket guys laid their hands on it today.They brought it as low as 13.10 if you were observant.It later moved to 13.30,13.50,13.90 and closed at 13.75.

This will continue until they are done.

For the company,the way they are dispatching trailer loads of cement in the south-east for road constructions is giving me another joy.

I didn't know it went as low as 13.30 but from record today's low was 13.75.
I placed bid @ 13.60 for 2 days and didn't get a single unit.

OakPearl:
Sorry been away.

You will inherit 640 UPDC and 390 UPDC-REIT
from your 1000 UACN.

I think someone had given the ratio ealier.

Thanks Sir

RabbiDoracle:
Flourmill (FMN) will fall soon. Rising with its last power.
Buyers beware!

The real bull has not even started.

RabbiDoracle:
Flourmill (FMN) will fall soon. Rising with its last power.

Buyers beware!

Sir,If flour mill plc will soon fall,it means we are about entering a bearish market again.

Are we not going to enjoy the bull you are giving us hope for?

Good day house, Please i need a stock broker as soon as possible.

08032833259

https://nairametrics.com/2019/12/20/how-the-latest-fitch-report-affects-you-in-2020/

How the latest Fitch report affects you in 2020
By Bamidele Samuel Adesoji- December 2019
Fitch, an international credit rating organisation, has released its end of year report on the Nigerian economy.

In the latest report , the firm lowered the nation’s economic outlook from stable to negative, attributing its rating to wrong policies implemented by President Muhammadu Buhari.

Why Fitch downgraded Nigeria’s economic outlook
Nairametrics had provided details of the Fitch report, highlighting major drivers considered by the American rating firm to project a difficult economic outlook for the country.


Here are some major highlights
The economic policies implemented so far in Nigeria under the current administration of President Buhari have made the economy become more vulnerable, as the value of Naira remained weak.
Any devaluation of Naira would cause big problems to Nigeria’s macroeconomic environment, and as a result, drag down the economy.
The Central Bank of Nigeria’s (CBN) array of policies are unconventional and costly for the economy.
Fitch questioned the CBN policy of attracting portfolio investments in its short-term Open Market Operations (OMO) bills by offering high yields to foreign investors at low cost while restricting operations.
To Fitch, the restriction imposed on operations in the OMO market by the CBN will lower OMO market liquidity due to a narrower range of participants, and this will dampen net portfolio inflows.
Government’s borrowing will be on the rise as Nigeria’s low non-oil fiscal revenues linger.
Similar, the firm believes inflation will spike in Nigeria in 2020 due to recent policy measures which include the upcoming raise of the VAT rate, 66.7% hike of the minimum wage, as well as the recent closure of land borders to foreign trade and tightening restrictions on FX financing for a wide range of imports.
Fitch projects average GDP growth of 2.4% in 2019-2021, well below the ‘B’ median of 3.4% and the five-year average demographic growth rate of 2.7%.
[READ MORE: FG may shift deadline to deactivate bank accounts without tax verification]

How it affects your 2020
The Fitch outlook for the Nigerian economy has come against the backdrop of predictions by various institutions that the year 2020 will pose a great challenge to businesses in the country.

Fitch projection shows that Nigeria’s economy will continue to slow down until 2021, hovering around 2.4%. This represents a big blow to investors’ sentiments, as investments in the economy may drop further and that may affect you.
Fitch expects the CBN policy to limit operations in the OMO market to dampen net portfolio inflows. What this means is that, as net portfolio inflows drop, the country’s reserves will continue to decline and this poses a big threat to Naira devaluation in 2020. It also means the Naira you hold would loose its value i.e you can only buy little with much money.
Going by the Fitch prediction, devaluation may be imminent in 2020 and any such move means businesses are in for major setbacks in 2020. That may affect your business too.
Fitch added that President Buhari is likely to increase borrowing as revenue crisis will worsen in 2020. This means a large chunk of the country’s revenue will go into debt servicing, as the country’s debt stock is expected a new high. This affects you as it may affect the pace some infrastructure decay would be addressed in 2020, as government may channel more fund to debt.
Nigeria’s inflation is expected to continue to rise in 2020. This means purchasing power is expected to drop in the economy, as several unconventional policies being implemented by the government will continue to drive prices high in the economy.
Lastly, Fitch expected rise in political uncertainty. According to the Firm, emerging rivalries within the ruling APC party is expected to spark by early dissensions over the 2023 succession to President Buhari. This means uncertainty in Nigeria’s political atmosphere could hamper policy-making.