crownprince2017:
@ oga streetinvestor, pls what is on the street regarding ellahlakes abeg. Thanks in anticipation.

My oga I can't tell you to buy or not.It is not my kind of stock because when I read things about them.I saw they have dreams and castles in the air to build .I like to invest in things already happening.

Locotrader:



Raysun didn't pull out voluntarily.
They wanted to buy out minority shareholders and take the company private which Akwa ibom corporation refuted.The case is still in the court.The only option left is to sell the 86% shareholdings to Enjoycorp.

You will get more clues in the next corporate announcement

For the products,they are highly in demand and Enjoycorp is poised to inject fund into the company without the help of shareholders.

It is a good company with great potential
Did you know why NB taking over directly at the first time failed and resulted to silent arm the second time to partially to take over...raysun
Do you know the two product line installed by NB to be producing some of its brand was not allowed to work till date .NB had 86% but still sold of because of 14% ..... e get strong why
I will invest heavily if the new owner is able to defeat what NB could not do even after bringing back the company because the company was dead when NB came in first as partnership. They removed all the obsolete generators /machines and installed new ones and things began to turn new corner.And improved it blend/quality seriously that it could compete with other beer

Locotrader:


For street,nobody here go drag am with you.You dey see road well well.
For you to arrange distributorship for a friend means champions is not doing badly.

They are not doing bad but need serious cash injection to deliver better in many areas based on what is on ground. The company is struggling to meet demand since they introduced new products...New champions and 2 malt brand
Then the new owners I pray they will be able to defeat the biggest challenge that I believe made nb to pull out.I won't say it here

Locotrader:


For this one,no follow him or you enter lagoon.
Dangote sugar is loosing strength from quarter to quarter.
Let them better release the Q1 result this evening let's take a look at it and project a fair price.

I will leave nos now till q1 results. The major loss for sugar last Yr was forex loss.Do you know how massive the Dangote sugar backwards integration is all about. I was impressed by what I saw in Numan and the arrangement with the locals too.Do you know the goodwill attached to that brand name dangota. Remember I started investing in it when it was listed at #18

I have better first hand infor on champion than you.i dey even try arrange distributorship for a fnd for obowo as we speak. But I no wan talk,lol.late last Yr I connected some for pig food for his farm .

PETERiCHY:
Dangsugar and Nascon heading back to base circa #10

BARGAIN HUNTERS TAKE NOTE!

It won't happen. Even without the marger sugar worth above #30 naira

I will advice oh.Dont be quick to sell your sugar.Dangota sugar q1 results will be good because of the price of sugar.And the appreciation of naira to dollars. Some of the forex loss may be written back as per the forex loss was forward obligation .I have benefited in the past from dangota sugar dividend and believe it will still come back.
I benefited from dead dangota flour and won't give up on the sugar since I didn't borrow to invest and had long time in mind.I waited for flour from dangota to tiger and back to Dangote again. Then olam happened

ositadima1:


Words like "a stock will be pumped by the company" is also a myth I often see here. The other day, someone they call streetinvestor said that banks would pump their stocks before public offerings, LOL.

Yes I said it.what I mean is manipulate thr stocks up.Or you don't believe stock price can be manipulated....ask ote as per gerugu and fbn shares

Locotrader:
The loss gonna too much ooo.
Imagine Dangote sugar from #80 back to #40 and yet no positive news in sight.

What will I say of Gtb from #52 back to #34.

Me no like holding any stock when I have made 100% and above.

Only streetinvestor2 like to do this

My bro I won't try it again going forward. Alhaji na big barawo.How can you say 1 units of a non functional business which you and your family probably has 100 percent os is equivalent to 14 units of a functional business /market leader in that sector that has paid dividend in the past.
All this men are just scammers claiming captain of industries. I will never again attach sentiments to any company.
No wonder he was collecting cheap dollars and selling to bdc claiming it was for refinery...yes na talk am.The man real fall hand

yMcy56:

I think it's wrong to say Dangote Rice Limited doesn't exist!
- It was incorporated in 2014 and registered with RC number 1208185
- Dangote Rice, though may just be coming up has been seen in packages and, sometimes ago when prices of foodstuff went up, Dangote supplied 10kg bags of Rice to Lagos as relief materials..
- While I see drama loading here, I think NASCON was hasty in publishing as well as informing the public about " the comment from SEC"
- Are we saying there were no accompanying documents sent to SEC proving that the 3 Companies exists?
- because Rice wasn't listed, are we saying it's wrong to merge listed and unlisted companies that belongs to same entrepreneur? Aren't there procedures that were followed?
- And, besides, merging the 3 Companies is a means of listing DANG RICE as well....
- Before some people will start jumping out from the roof top of DS/NS in loss and panic, I think there's the need to look critically at this scenario so as not to make a big mistake here.
- NASCON mentioned about suspension, in which, if enough, adequate and requested information is supplied by DANGSUGAR, the lead company in this merger, the suspension may be lifted....
- All in all, DS/NS aren't disappearing from NGX, when it bottoms completely and the dumpers are tired of dumping, people can always average down at much cheaper price and enjoy any rally that may follow thereafter.
- My 1 cent opinion.

https://brandcom.ng/2018/03/dangote-inaugurates-multi-billion-naira-rice-processing-plant-jigawa/

https://www.google.com/amp/s/www.vanguardngr.com/2024/03/dangote-foundation-disburses-free-80000-bags-of-rice-in-lagos/amp/

Madam dangota products cannot be in existence and we don't see it on the street. HE has good logistics for his businesses Your first link was 2018 and anything can happen to business within then to now.You remember dangota flour was dead and sold off too.
The second link did not say dangota produced the rice that was distributed as charity. He could repackag the rice in his name.it is a normal thing.
I don't see sugar going below #30 .It was simply,alhaji wanted to use rice to accumulate sugar to himself which I had started in the past.

The big lesson, it looks sec is beginning to wake up to its responsibility.Onado delisting will not scale through sec at ridiculous price. There is hope now for oando shareholders

Hedgefunds:



How did you know about this ahead...You should have informed the forum on the insider info.

I didn't have insider information. I have always been invested in sugar only since sugar was listed. My BE in sugar rose to 24 after the accumulation as per marger.i raised the alarm for Rice ratio long ago when marger was announced because I have contacts in the North as per Rice business. I started suspecting something is wrong because I expected the merger not to go beyond 2023 immediately after yr results .I didn't sell because I was within good margin even if it was just for sugar. I was highly disappointed when no dividend from sugar
I am still invested heavily in sugar

OBAGADAFFI:
The suspension is due to the comments and recommendation of the Securities and Exchange Commission (“SEC”) centered around the current non-operational status of Dangote Rice Limited.

So the company has closed down yet they want to merge it with active business.

14 sugar for imaginary rice.Way all those way dey post link give me,lol
I remain street investor

KarlTom:
Osanobua

why u dey shout. You follow dey speak English with me,lol.i said rice is not real

Princkez:
https://doclib.ngxgroup.com/Financial_NewsDocs/40937_NASCON_ALLIED_INDUSTRIES_PLC-SUSPENSION_OF_MERGER_CORPORATE_ACTIONS_APRIL_2024.pdf

watin I talk never happen
Loco you see am
Rice no dey exist

Locotrader:


You asked same question @Japaul.
One thing I know is Alhaji can't deceive his investors.

Yes u are right but it may take longer than is expected to materialise because of rice.I don even remove my expectation for it this yr,lol

I am done talking about dangota food though I am heavily invested thr.The truth remains the thing holding the merger is from the rice angle. Till the vail covering the rice is removed no merger is happening

I won't be surprised if refinery or fertiliser get listed first. That brings again the financial results as requirements for listing

Oga Emma pls come and help out with this listing requirements as per financial results of Ltd to plc

ositadima1:


https://www.nairaland.com/6968034/pictures-dangote-rice-mills-jigawa

Thanks for sharing a construction in progress. One oga here once said you have to submit 5 yrs financial in business to sec as requirements to be listed.i may be wrong.i think is my oga..... Emma


What was the financial submitted to sec for dangota rice that makes one rice equivalent to 14 sugar.I have been asking the question for long.I have not been to jigawa.Any body from jigawa should tell us if dangota rice company is now operational in the state

defebe:


https://www.dangote.com/our-business/rice-farming/

Did you open what you shared.In as much as I invested in dangota sugar. I have visited one of its farm in Numan in adamawa state.Dangota rice /paddy is not on ground physical any whr.You post equally confirmed that they have identified land for such purpose in nasarawa.

I had asked for financial of dangota rice before to know how they arrived at 1 dangota rice is equivalent to 14 sugar without financial results
What financial results of dangota rice was submitted to sec.The financial is what you should share and not proposed future business .We have proposed/planed businesses that even came for private placements on stock market that never saw the day.
Dangota bought PAN and is still building the plant close to olam in kaduna.
It is obvious that is the rice sector that is holding the merger.
Nascon has come out to make media pronouncements concerning the merger.Pls post the media pronouncements from dangota rice company.

iHaveMadeiT2:

The problem is when, not if. Merger will still happen

Says who.Dont alhaji have right to change his mind.
Have you seen alhaji rice in the market or rice farm before

presiade:

Remember that the Emefiele-led CBN gave the Abokis (BDC) weekly or biweekly dollar supplies. That way, they indirectly controlled the black market rate too.

You are right as per cbn selling to bdc.The cbn could not determine the price of dollars on the street because the amount sold on the street compared to the amount from cbn was nothing. The majority of dollars on the street at 700/750 was money from diasporans that never came through official means.Even the banks whr selling on the street. To me that was the true value of naira/dollars. The price on the street was a reflection of demand and supply

Dangota marger is not happening again and oando is delisting. Choose to sell or not na your money.
This is my opinion..And my post

presiade:


I did not follow the discussion that led you here, but I think before floating the naira, the Emefiele-led CBN was fixing the naira/dollar rate to whatever they wanted, and the rate this administration met was not truly representative of the value of the naira back then after Emefiele minted naira like pure water.

Are you saying Emefiele was fixing the black market price than that was around #750.I beg to disagree on that.The price was the aboki price on the street for everyone to buy

Agbalowomeri:


Dem don share am finish
Forward EPS of 10

My oga this is what is my concern because capital appreciation is never guaranteed .That of transcorp will not be above #12 .what is the big deal for a company they are expecting to hit #1000.It is better I go for okumu oil,total etc

Lastly, people keep mentioning diesel like its a silver bullet. Yes, its very important but in 2024 moreso with our population growth, refining oil we produce and stopping there is hardly going to put us on the world stage. We need same self sufficiency in agriculture, textile, basic tech, transport all occuring at same time



@jedisco
Nice you know.This things are not sole responsibility of elected government. It falls both to you and I.The question is what effort have we equally contributed individually. It is always easy to sit at the comfort of our rooms and point finger

jedisco:


You sound too emotional. I've learned that when I get too emotional in defending a viewpoint then I'm like missing something. Economic policies are not about emotion or what I want.

First the debacle with the naira was well set in stone 2-3 years ago. When you had peopleaccessing usd at well below market rates and dumping them into the market, the outcome was clear.

Like I said above, against what many think, the actual exchange rate is less of our problem. What we need is a stable/fairly predictable rate and the right macroeconomic policies.

I don't know what you mean being emotional
All I said is simple,naira had no business going above #750 after the government floating because that was the fair/stable price and true market value because nothing changed in the economy. And if we look at it now because of less demand it should be less than #750.

Therfore I believe the government is reaping us off on anything above #750 black market price they met it

The government is doing the right thing even if thr approach could be better though I am not a fan of apc/tinubu

TsarZed:
See below

You are right. Look at the eps at the end because of new Os compared to 2023

awesomeJ:
@jedisco,
Your points are valid.
However I object in these regards:
1. Saying the CBN has used billions to defend the naira: True the reserves have dipped by $2bn maybe even more, but it's wrong to assume the dip was due to naira defence. From what I know only $64m was sold to BDCs at "defensive" rates, fear did the rest.

Last year, we heard that even though our gross reserves were about $33bn, the net was actually just about $3bn, cos Emefiele owed $7bn in backlogs, $7bn to jp morgan, and some other loans.

Now that the $7bn backlog are cleared what we should have is $26bn, but we still have $32bn.

Who's to say that the $2bn used wasn't to clear backlog or service a loan obligation?

2. I don't think we should be making reference to policies like naira4dollar and other inefficiencies that Emefiele had going as though he's still the one there. Was it not under him that banks were hoarding $7bn, hasn't Cardoso changed that, was it not under him that corporates were using $10bn as collateral for naira loans, is that still happening? How about the fact that people could sell at 750 on the streets, and Emefiele wanted them to sell at 460, is that the case now? Today street traders are buying at 980, banks are buying at 1030? Isn't that a complete different situation?

3. As of today at least 10% of our forex demands have been wiped off, cos diesel is now sourced locally. The drop in demand could reach 30% when PMS shipments start too, and could exceed 50% when you consider that more people(Nigerians and foreigners )are now confident in holding naira assets as opposed to the "save in dollars" campaign that sold last year. I do think you should factor this in as well.

Guy leave people to be living in what ever conspiracy theories. At black market @750 before total floating. The cbn was not defending naira. The defence was cbn selling at 460.I wonder whr the logic to believe at 1000k now that cbn is defending naira instead to say cbn is even making money from us.It is when it is trading at #1900 and above that cbn will not be defending it.How did they determine the real value and no defence at thr own high cost.
They should tell us what has changed since last year at black market price of 750 and today. Infact it should be less than 750 as of today since the demand for dollars has dropped as per dangota refinery,UK policy for tertiary education and cleared backlog on forex.

This is why I don't equally believe the rubbish on subsidy on fuel has returned. Is government sourcing its dollars from black market or official window since it is only nnpc importing the fuel.Who can say the value attached to dollars for the importation of fuel..The true value of dollars should be below #750 black market price the government met it.At what price did banks reevaluate thr dollars .

BabsO2:


I think till the bond rate (and inflation rate) go down properly; the market will struggle to rise well.

Bond rates need to go back to single digit for the economy to stabilize.

Single digit for bond is not possible oh.You should say btw 12 -15%

yMcy56:

See happiness....Well done sir!
Don't dispose off your garri as yet o, let's see what coming days looks like first...

I hear say garri own inflation figure na 50% .My oga don hammer for thr join as he was hoarding the product too

The land is red so I no get time for stock today

Make I follow my guy dey play.Abeg God is faithful whr u dey.I hope you cashed out on time on your dollars. If no, pls no go near any transformer if you live within band A area.I no dey like stories that touch the heart...na joke.Since market is red I can't come and kill myself or fight time.

This dollar fit touch #700 at this rate by end of the year if we stop completely importation of all crude related products. Naija will be great in my lifetime...amen

God is faithful try answer present ....e get why

ositadima1:


I think he is saying that they will not sell above the prevailing market price at the time. But that is to be expected.

Not really what he is saying. He means the banks will not come for public offer at cheap price. That means they will try and pump up the price on ngx through all means necessary/legal to make the PO price come up though below the pumped price

ndept:
Ok o. We all want a Nigeria of our dream irrespective of the political party. But then, the bolded is paramount. If I tell you that my expenses has tripled since this government took over. Just to do fence 2 weeks ago for one of my empty plot of land costs over N1.7m (just 3 sides without gate). I just came back from Foodco now and the bread we normally buy @ N350 is now N1000......the list is endless

It is why I have decided to suspended all building projects for this yr till 3rd quarter/next year since I saw the artificial/unnecessary increament in building materials just because of dollar magic. I was sure dollars will find its true value with right policy/political will.

ndept:
In as much as I do not want to bring politics into this forum, but then, I need you to enlighten us on what you are seeing or which particular area/field/metrics that HAS made this government better than the last regime. Forget about the fact that we made money in the stock market, that will be selfish of us, the percentage of Nigerians participating in the stock market is less than 1%. So, what about the rest 99%?

For example:

Cooking gas is now N1,200 per kg compared to N600 under Buhari regime
Rice N77,000 per bag against N32,000 vis-vis other food items
Petrol N580 per ltr against N185 under Buhari
Diesel N1,200 against N800
…. just to mention a few

The administration is just cleaning up the mess they created unnecessarily with the abrupt removal of subsidy. On the dollar issue, they met it at N650 and with all the shout up and down, it is still N1,000. Not to talk about the massive increase in loans and external debts they have incurred in just less than a year of governance. I have so many friends that are into manufacturing and know what they are going through economically. Electricity generation is still nothing to write home about. Not to forget the fact that wages of workers has remained same while the purchasing power of every Nigerian has been massively reduced.

Please note that this is not a fight or attack on you.

You are right in your assumption because it is still apc government that allowed the total mess of the economy to this level by refusing to do the right things.I was for Labourin the last election because I was expecting things this government is doing to happen if they succeeded Though the approach could have differed with transparency and thought out ways

I Removal of dubious fuel subsidy. I had a class mate who got 3 billion during gej in it for bringing in nothing.
2 I wanted naira floating not controlled floating /profiteering we had in the past by few individuals
3.I wanted administrative corruption reduced to a very low level
4.I wanted government wastage controlled to the lowest level
5.I wanted bdc regulated well if not dismantled completely
6.I wanted insecurity tackled mostly the political induced ones..The list goes on...

Why I feel this government is better and will definitely end better is because they are handling some of the problems now.The approach may not be perfect.It is still better than maintaining old status quo .Though apc didn't allow gej start it because they wanted to rubbish his government for political reasons. .Pmb will remain as the worst thing to happen to this country. NA agidi been dey the guy head,lol

And for price of things.it will definitely come down just give it time.It is already happening in one line of my business .Don't equally forget naija people dey greedy. They like to capitalize on situations to make more cash.
.