₦airaland Forum

rebekah2011:
No competence around that sector.

Alhaji has more to loose if he declines the offer... Meanwhile OLAMS needs the deal to Increase their market penetration, as they want access to Alhaji's Apapa and Calabar port for their businesses.

In all its a win-win for both parties...I won't be surprise if final deal is close to N30.

aremso:
what happens if the deal fails to scale tru

I don't know... That is the risk.

But I believe Alhaji has given the go ahead, else they would not make the announcement on NSE.

Flourmill biz is one sector Alhaji wants to exit for good!

NoMoney:
The consideration is N130b adjusted for Net Working Capital and Net Debt as at the 31st of March 2019

Net Working Capital = Current Asset - Current Liabilities
Current Asset = Inventories + Receivables + Prepayment + Cash = N69.496bn
Current Liabilities = Trade Payables + Borrowings + Curent Tax Payable = N70.936bn
Working Capital = N69.496bn - N70.936bn = -N1.44bn

Please note that Networking capital has factored in all the Cash and most of the debt.

Outstanding Net Debt = Long term Liabilities = Long Term Borrowing +Deferred Tax = -N2.44bn


Therefore Total Adjustment = Working Capital + Net Debt = -N1.44bn + -N2.44bn = -N3.88bn

So in my opinion the adjustment is N3.88bn
Adjustment per share = N3.88bn / 5billion share = N0.78 (ignoring the 5m shares owned by crown flour mills

final purchase price = N26 - N0.78 = N25.22

Here it is.... Using Q1 result.

tritritri:
if olam is to use the lastest result of dfm for the offer. wat likely to be the net price per share ...

Anyone pls ?

One Oga analysed this before with the current Q1 and arrived at N25 ....search

Make una happy small for people already in the market... Not all this doom saying!

If you are yet to enter try and get in by Thursday, but for now make una allow us enjoy the bull run

DaV8King:
Hahahaha, it was his idea na.

Besides, he cannot be the only signatory na, at least 3 people go sign.

SPV means Special Purpose Vehicle.

It is a form of business incorporation used by companies or individuals for a specific purpose/project/transaction.

Loco risk appetite too much... SPV Only if him power will be less than 50%. Sometimes I wonder how he is able to sleep

Mcy56:
Lol. You sound disappointed. Make Una happy small for the halt at least, even if na for just this one day.

Leave Peter him go dey alright... las las

Any news on Japaul...has Jegede finally gotten the deal?

locodemy:
Do I say Lafarge is on fire or just gra gra........

I can see them renovating their port,Aba,owerri,umuahia etc depots this time around.

This stock Worth's putting attention on if not the scary Os and more fund raising.....

This stock needs to wait for me to pack my loot inside...las las Larfarge buys us out.

Once I enter, I will stop looking at the price

dipoolowoo:
NEM Insurance Seeks Shareholders' Approval to Raise N2.6bn
https://businesspost.ng/2019/05/27/nem-insurance-seeks-shareholders-approval-to-raise-n2-6bn/

Honeywell Cook-Off Competition Thrills Foodies Online
https://businesspost.ng/2019/05/27/honeywell-cook-off-competition-thrills-foodies-online/

2019...Avoid insurance stocks most of them needs to raise capital to meet new regulatory requirement.

On a serious note the way Nigeria coy's raise capital... Deplete it and raise another capital is heart breaking.
Outside Custodian & Allied Insurance that delivered, the rest did nothing with their last capital exercise.

Yayira:
This your attacking na die! Lolz... but he didn’t mention you na.. see as you line up all his stock lolzzz

To think that I only mentioned one stock (UBA) to come down to my junction for JiJo... Oga 333 use vex list everything inside my portfolio.

Seems the way I am heavy with DF na so Oga heavy with UBA... This life self

currentprice:
this guy money no day finish ni

Ask how many units I dey buy...

tritritri:
My brother i even pray dat same hand should dump CHAMS, DF, FIDELITY, MTN to there lowest 52 weeks low so i can ji.

Someone cannot play with you.

It escalated too fast!

The hand dumping UBA... Please send it to N4.50

I will consider some position for JiJo

Mcy56:
Good luck sir.

I will make more money from these stocks CHAMS, DF, FIDELITY, MTN this year than buying the other stocks like zenith & Co.

My next target is to pack my DF look when OLAMS pays to WAPCO

Feels good to finally buy MTN

People dumping fidelity...make una fear God o!

MTN way

RabbiDoracle:
Lots of drama.

Good that it was unavailable for a while so that newbies will not be moved to key into it due to the many analysis by Lord Chibuking.

The Lord has stopped chasing suddenly and now seeing values in the stocks he said CEOs sold.

Don't mind Chibuking...if the stock goes on bid now, another theory will pop up

Chibuking81:
Am sorry, maybe you entered above the current price, but it's not late to jump out before the story that touches, if truly their 2018 earning stand at 160b, there are a long way to go, the possibility of visiting below #90 in no distance time is very high.

I am buying MTN today, did not say I have entered the stock

Chibuking81:
Some times it's always good to wait and find reason from other peoples opinion, this page will always open our eyes in what we felt we know, but far away from our view.

MTNN pre-list has PE of below 1, but their post list has PE of 11.25, their current Price is too excessive.

If you are privileged to have MTN prior to listing or enetered at @90 on the day of listing, would you have said all this or would you have sold your shares.

Make una allow us buy in peace...MTN never wanted to list their shares, FG forced them. They have not done any wrong rather blame your govt. and regulators.

DOLLARTEX:
if you are buying mtn today,you are buying against aliko himself.QED.

If your source is accurate that one is Aliko's business, I am buying MTN today...like it or not MTN would overtake Dangote Cement in price, for a stock that pays out 80% of its profit as dividend.

Wait until institutional investors, pension managers and foreign investors start buying MTN...or which stock do you think these people are more likely to buy going forward, ask yourself?

DOLLARTEX:
today

Are you a children...

Currentprice dey value MTN @96

Chibuking dey value MTN @70

A stock in the category of MTN can never sell at its fair price, else the likes of GTB and Stanbic would not be trading at their current price.

Make una continue...I am buying MTN today, good luck with your waiting!

Chibuking81:
The problem is not the EFCC http://www.nse.com.ng/Financial_NewsDocs/26255_MTN_NIGERIA_COMMUNICATIONS_PLC_CORPORATE_ACTIONS_MAY_2019.pdf
EFCC are just doing their job. But problem here is the real value of their stock, 20 billion outstanding share makes their current market value overvalued. #160 billion earning divided by 20 billion unit of share is #8 earning per a share, almost equivalent to Stanbic bank with market price of #42, FY EPs of #7.04 , even Okomo oil of #74 with EPs of #8.91, Okomo oil has higher EPs than mtn. Meaning that mtn should be competing around #40 - #70, with 20 billion outstanding share.

Remember that they will soon come with IPO, which will further reduce their earning per a share after adding new created share to existing share, maybe this time to #5, and GTB and Zenith will have more earning than them. They are good company but the number of outstanding share listed is too voluminous. Before this year ending watch and see their price will come down below #100, also shortly after IPO it will come down the more to #50/#70.

So know what you are buying, in NSE things are changing, stock participants are becoming wiser unlike before, upon the high presence of manipulation going on, investors and traders know what they are buying. But when one fail to follow up, he will become the victim of pump and dump.

MTN IPO is not happening anytime soon... They aren't stupid. They may sell some units to institutional investors at any agreed price. IPO is far from the table for now.

Chibuking81:
Please hold on Ucheson was having the same ideology in Oando at #20 hoping to see it at #100, only to find Oando at #3, from all the information gathered mtn listed overvalued stock. It would have been better they reconstructed it to 2 billion outstanding share and list the price at #400, then it EPs will stand at #80 than 20 billion outstanding share. The splitting of their share was done in excess.

MTN did not commit any offense so long as they listed my introduction... Abi no be Nigeria. EFCC will do nothing and can do nothing. Watch as everything die down next week. Did all the regulatory body not give go ahead prior to listing?

My brother nothing will happen, just look for a good price and enter next week.

austinkenneth:
Have you finished buying Dangote flour? If you change ur mind abt Dangote flour, please let me know so I can sell the small one I've bought so far.

I have it loaded in my portfolio... me sell ke!

I am waiting for OLAMS to credit me with my N25, I am guessing final deal should be announced in June, before or after the Salah break after.

Next week I am buying MTN... Institutional investors will want MTN in their portfolio for long term play.

MTN never wanted to list their shares...FG forced them to it. After listing you cannot force them to selI.

What is it with we Nigerians crying everytime and wanting all things in our favour. MTN has listed and the shareholders have the right to sell or not to sell. Those asking shareholders to sell, if you had shares in MTN below N90 will you have sold on listing.

Same people asking for IPO are the same people that would cry tomorrow that MTN is devaluing their shares by going for IPO if they had shares in MTN.

If MTN S.A decides to leave Nigeria on Monday, how much do you think they would sell their shares?

For me, I will look to buy next week.

locodemy:
Yes,it will reduce the ones on free float.Remember Tony has more than 9B from the 40 Os.There are other institutional investors and individuals with over 1B units not ready to sell.

Let's grab the ones @ retailers hand and see what happens.Determination is success.

I think Loco is right...those that have over a Billion unit cannot be selling anyhow and it will reduce the number of free float. My only concern is that if you must own over a billion units you should hold certain position inside the company, else this men do not fear God! I cant trust them.

DeRuggedProf:
I am looking at WAPCO through the side mirror for the appointed time...

Oga no parking for here...move go front small, space dey for Z car park

ukay2:
Dumping will start very soon...next week

So this one is not dumping... U don meanit

Chibuking81:
Is like those "many" know what we don't know. Those dumping are not ordinary, insiders are the one offloading not ordinary stock traders. The way they push stock down need big time portfolio holders, it required stocks in billions of naira to force such changing. Zenith from #20+ to #19, GTB from #31.30 to #30.50, Access from #7+ to #5.95, UBA from #6.50 to #5.70, Nestle from #1,500+ to #1,300 etc. This are big time MM.

Is like mtn earning is beyond our analysis, and the insiders are seeing the really value. On daily basis other stock keep on falling, while mtn will start with full bid of multimillion and end in millions bid. But manipulation will not be rule out in NSE, the more you look the less you see.

The way you are talking it's like you don enter MTN today. Allow us, we go buy when we start seeing the offers growing. Then we go re-evaluate.

Krisuba:
Hmmm. Am panicking right now!! Don't understand this market anymore. Is it to run now or keep watching. Don't have deep pocket to average down. UBA always messing up!!

I told people to buy DF and wait for Olams to credit your account with N25...una no hear

...how can I panic with DF and my CHAMS below N. 50k

Meanwhile waiting for WAPCO below N7.00 let me start accumulating...las las Larfarge go buy me out!

All my loot from DF will be channelled into WAPCO for long term play below N10