₦airaland Forum

Chibuking81:
Market has close today, tomorrow we shall see the direction of the market.

Your have so much trust on this mtn...how readily available will it be at a good bargain should be the concern?

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

Thank you my bruv,

Let people be jumping up and down...I just applied for a loan from my bank that I intend to use and buy more DF. That is how serious i take the stock.

This is not a gamble but a guaranteed ROI when I get the loan.

austinkenneth:
I jumped ship into CASH. I'll remain on the sidelines in CASH until the storm is over.

I'm not about to loose my money to a conversation in CBN about how to cover loopholes.

And you believe a fake news that did not come out until CBN governor was nominated for a second term, you think Buhari will listen to that Bullshit.

Una go dey alright las las.

austinkenneth:
You're waiting for N21 on Dangote flour? Better sell what you have at current prices and even take profit on that one and run as well. By the time all the adjustments are done, you may not see up to N17.00.

Why wait to take say N17.00 in a few months time when you can take it know.

As for me and my house, We've jumped ship into CASH which is KING in this time.

Offloading is what I've been doing since morning.

Jump out to buy what?

I remain in these three stocks...and will only accumulate on them. Make una Kontinue dey jump up and down

I told people to buy CHAMS, DF and fidelity and have peace of mind dem no hear...

Kontinue running up and down.

The lower CHAMS the better I accumulate more, meanwhile I await Olams to pay me N21-26 on DF.

Coolcash1:
Of course we know it’s fraud...MTN looking for ways to dump their shares on unsuspecting investors..reminds me of multilinks too...

The dumping part is not even my pain, it is the fact that once minority shellholders come in all the beautiful numbers will disappear... Admin expenses blow up, all sought of loans and expenses will spring up.

We end up financing the lifestyle of the reckless management. They don't regards us

[quote author=Michael11stock post=78212874]source pls [/quote

https://nairametrics.com/2019/05/08/2019-q1-ccnn-reports-revenue-growth-of-213-after-merger/

Has the market seen this result let me fill in small bid...

Michael11stock:
chai your dangflour doing ok

People will still doubt if DF can get to N26...it is expected that after a run up they is bound to be some profit taking which must find a support and continue up. Dangote selling DF news still stands and since nothing will change that, then I will wait until it hits N21-N26 or wait for OLAMS to credit my accounts.

If I get a good stock, I accumulate until exit...If DF enters bid again this week forget it...TP above N21 next week

rebekah2011:
Accumulating CHAMS for what purpose. My Oga, please be careful oooooo.

Don't worry about me...CHAMS, DF, FIDELITY is better for me 2019.

Kevostica:
Ur money no dey finish!

How will my money finish...when you are buying Zenith @N20 and I am buying CHAMS that is less than N1.00



Majority of the large offers for CHAMS is above N0.50K which is good for me.

Michael11stock:
Any idea about courtville?

What is their 2018 YR end result...and what is their Q1 2019 result.

Any improvements?

Michael11stock:
Chams also on full offer now i try my best to warn

I added to my CHAMS holding today....How do you expect a stock that has done over 100% in price to keep running up. It will breath and then continue upwards.

I continue to add to my holdings in CHAMS, DF and FIDELITY....

This 3 cant go wrong for 2019 FY end I can assure you with 100% confidence.

Kevostica:
Blood in the mkt

Blood for those jumping up and down...

maishai:
I wished you fanned this flames when the price was still .20k.... Im off chams a long time ago.......... I no envy you....... If anyone plans on holding on to Chams...... always cross reference stanbic nominees holdings.... If those guys sell, just Ja.......

CHAMS will hit N2.00...this year. Those that have patience should wait and watch. If you enter a good stock running up... Wait and enjoy the momentum.

Don't be in a hurry to sell your winners! How many Companies in Nigeria can turn around from a loss like the way this company did. And the founder spoke interns why and where those losses came from.

The day we hit N1.00 , then N2.00 will be in not more than a week or 2 weeks trade.

Michael11stock:
Will they transfer money to our bank account after the deal has been sealed? or will be listed as new shares in market ?just curious you know? i hate going to registrars that wont update your mandate on time.

Your bank account will be credited and after that the shares will be delayed from the market.

Wetin go sweet my bele na to hear something like special dividend of N1.00 and deal price of N25

Michael11stock:
So how do you get your own share of the money? “The final price to be paid to the shareholders of the company would be adjusted downwards to exclude shares held by Olam through its subsidiary.”

Dangote will not sell to Olams at anything less than N25...this is over 30-40% upside potential at today's closing of 16.00. When you add other incentives Olams
gets from the deal

Make una stay for inside house... It is raining outside.

Michael11stock:
So how do you get your own share of the money? “The final price to be paid to the shareholders of the company would be adjusted downwards to exclude shares held by Olam through its subsidiary.”

You will soon find out that those that took profit are re positioning...

Dangote Flour is bound to Hit 21-26...you cant loose sleep holding CHAMS & DF

Mcy56:
Lol. 26 abi 16?
Na when the party finish you jump inside. Peter wey dey encourage people self don run commot.

lol... OK oh na the market we dey... N21-26 is sure to happen. I don balance well after my findings!

Ask yourself after the news came out at what price did DF become available in the market and what price did majority enter after the news.

DD advised.

I have moved into Dangote Flour... 4 destination N26.00 if una no buy Olams go pay me off.

Meanwhile I continue accumulating CHAMS until N2.00

My portfolio:
CHAMS
DF
Fidelity

OBAGADAFFI:
Wonders shall never end.

How can Oando pay her CEO higher than Nestle.

And you will say they have investors interest at heart... The guy even chop close to Nestle and Seplat CEO put together. See how much Zenith CEO takes home.

Well we know the companies that would stand the test of time. This alone gives a clue on companies to take serious in this market.

Investor know thy CEO...

robobo:
Then they wld buy some of u pple off just like they did to shareholders associations which eventually led to shareholder association proliferation in other to create food for some pple.

i laugh in swahili

And you wonder why Nigeria remains the way it is...people like you that would not only do nothing due to their baseless assumptions, but also discourage those willing to put in effort.

Valueinvestor:
Exactly sir, they will carve out the juicy part of a company, and hold controlling shares there, leaving the shell /chaff for the average shareholders

I don't know how we can go about this, but i feel through this forum we can make a positive change. Can we have members here register a forum or organisation that would protect the rights of shareholders. I mean most of the irregularities in the market are first pointed out on this forum and we can have a voice that would demand a change and see that this companies are held accountable.

I remember the Oga taking on AIICO on this same issue of taking minority shareholders for granted and other cases that initiated from discussions here. You can imagine if we all join hands to this course, protecting the rights of the common investors. Cases where we need to write this companies we would write them, where protests are needed we come out in solidarity, and if we need to take it up with the authorities we do so as one voice until justice is served.

I am telling you this companies would wake up...and our voices can become very powerful for the next generations!

aremso:
Hmmm............. normal consolation words

This na the receipt after you pay school fees...

sellydion:
Okay ooo. I am not in a hurry! you see investors difference?

Same way Ote$ milked Forte and is leaving with The Power investment. You think Tony will give you the juicy power holdco for a penny. Think again.

This men know Power is a major issue in Nigeria and they are going that way for their selfish interest... Just make your money and Waka from transcorp.

sellydion:
Buy more when it is still undervalue. The train will move one day.

Destination is not far fetched. Tony is not here to sell groundnuts.

I rather continue to accumulate CHAMS below N1.00

Transcorp self na wa!

Heishere:
What is going on with Courtvielle? 54M bids and nobody is selling?

Confirm one chance bus....CHAMS spirit dey rub-off. People still rushing CHAMS, selling this stock below N1.20 means your village people have an upper hand, cos you will buy higher.

https://www.google.com/amp/s/leadership.ng/2019/05/03/natl-id-card-contract-breach-chams-writes-fg-seeks-100m-compensation-from-mastercard/amp/

As I dey involve now, MasterCard should pay... What kind of Rip off is this

swilo:
If you are smart, you will know that it is the wick that is burning in CHAMS... the kerosine don finish....

I No smart oh! Na money I dey find. A stock that broke out with several new highs and now sitting well above 0.50k is weak to you. Ok Kontinue, once you see small offer it is weak

PETERiCHY:
Since you aren't ready to touch CHAMS @20k I hope you are not preparing to jump at N1:00k like you projected.

fear fear man even the TRANSCORP train you manage enter you hv jumped at the sound of bad results.

FORTUNE FAVOURS THE BRAVE.

You see the thing well...No growth stock is better than CHAMS at the moment...Q1 2019 is already above last years dividend.

Na that type of stock Oga CP dey always eye