₦airaland Forum

GSK
More bids than offers today......
Anyone with update pls share.

DANGSUGAR
Also reversing up from low of 32.40........sighted @33 so far....
Quite a lot of cross deals @33........

TRANSCORP..….
Something is happening behind curtains here......

** That magical stock is still doing well in market........over +150% gain......
At least no one mentioned or "MH" this one here.......and it's still doing fine in market.......

* Cornerstone.......making us proud again.....

Streetinvestor2:
It looks you they follow insurance companies. I wrote Meristem registrars yesterday. No reply.
Pls anyone with info,thanks

Resend the mail and put below mail in copy as well.
tumininuakinlami@meristemng.com

The Registrar also has the duty to inform you about these things.

Streetinvestor2:
This guys are too much.Don't play with thr topnotch valuation skill. Try check thr valuation for other companies.Na when you see alhaji foods #100 you go swear for them.what is thr valuation for alhaji cement. You they joke with moves and shakers of naija economy

Lol. If you follow Simply Wall stock valuation, you'll end up picking wrong stocks and miss the good ones out.

If you check what the valuation is for UCAP, you'll laugh.
They don't have sufficient data to base their valuation on most times.

Agbalowomeri:
I forgot that you moved to Australia

🤔🤔

Yoast:
Meaning hope dey say one day Transcorp go make us proud by crossing 100

Let's hope Transcorp will make her shareholders proud one day.

By my own amateur calculations, let's look at it this way;

40B ÷ 2.5B = 16
(Transcorp 40B OS divided by Geregu 2.5B OS)

Meaning: Ratio 1:16
(For every 1 Geregu, you have 16 Transcorp)

- Looking at Geregu price, N300 average, then:
* N300 ÷ 16 = N18.75

Worst case scenario, the N8 on top ......

Don't mind my analysis paralysis, maybe I'm over-visualizing this thing .........but......Transcorp shouldn't be selling at CP (3.50/3.60) ordinarily.
*Maybe the gurus could help us calculate it's fair value with respect to recent financials.

*Edited*. Cc: @Yoast

Agbalowomeri:
Go back to sleep

Lol. No be you ogas dey talk say money no dey sleep?
Besides, do you know where I am now and the time of the day.....lol.

Streetinvestor2:
Pls I have searching and nor getting any information. Did they do reconstruction in the past.I just checked my book and discovered I bought 500,000 units @ #4.28 then from my analog broker. I am seeing 103,000 unit in my cscs statement. I don't understand what happened. I can't get an result on search engine

Contact Meristem with this enquiry, they should be able to give you the breakdown.
Email: info@meristemregistrars.com

Streetinvestor2:
I don't remember this happening. I no receive payment .Or was it for majority shareholders

Payment has not yet been finalized.
I think it's still awaiting SEC approval.

lexy2lexy:
There are rules governing buy outs, not sure but I think in most cases it is benchmarked to average or highest price in the 12 months preceding deal announcement. No investor will willingly pay above the lowest price it can offer except there are other considerations e.g. there is a new buyer who values company more

Think I'm aware of some of these rules too, it's last six months except it changes.
There are exceptions to them too, where a company decides to treat his shareholders well and fairly too.

See the case of IntEnergy, the share price was static at around 0.38k for years self, but Norrenberger decided to buy shareholders out at good price of N1.60.
* Note I'm not considering those that bought above 10yrs ago*

Sometimes, those foreigners treats people right unlike blacks.

My concern however is the influence of blacks in this GSK issue....I mean some of the blacks on board of GSK...we hope they don't influence negatively. We are our own enemies.

GEREGU is going up......
TRANSCORP is just dancing in a circle btw 3.60/3.75....
It is well....

OBAGADAFFI:
Maybe some people have seen the buy off price.

Well, that's a possibility.......but why won't GSK pay up to 15? I still don't know the reason they'll tender for that.....
This same GSK was selling above 26 few years ago.....and to say they're buying out only the locals, that's another good reason to pay nothing less than 20!
The shareholders should protest if payout is not up to 15 at least......even with inflation that has eroded the value already! Anything less than 20 is a rip-off!!
* We will watch the season film to the end.....

**NB: Just stating my opinion here. You may do well to state yours too. That's the beauty of this platform & brainstorming

Hedgefunds:
The volume been dump is not my retail investor.

Heavy weights are not selling, it's only retailers due to panic I guess.....
* Someone somewhere must have triggered the sell in one forum or platform maybe, or maybe one analyst who may have carried out some permutations......
We are watching.......and waiting for GSK's announcement.....
* If there be anything at all, at least it has allowed some who couldn't jump into the ship to have opportunity.

** For the record, GSK is buying out only the minority holders, the majority (UK based) are not inclusive.....

Streetinvestor2:
Gsk is not a dead company.The parent company is doing well.They will not pay anything less than #15 .That was why they paid 7.50 for ribena.They are not like nigeria companies that reapoff shareholders .They have a global brand name to maintain

My thoughts too.
We shall see with time....

OBAGADAFFI:
The last special dividend after selling Ribena was N7.50

That's for Ribena, a part of the whole na.
Pls understand that I'm not arguing o, me self I'm trying to get more info ni o. D

.......but if Ribena special dividend is 7.50, don't you think the whole GSK will be more than that? Maybe double or more?? Just wondering

Let them do quick and tell us the buyout price o.

kolaish:
I have been looking at this company result with my double lense glasses. What do you all think about it?

It responded to the result yesterday........but then very very illiquid.
Hope they won't delist in future because na when dem start doing well financially that they want to chop alone.

OBAGADAFFI:
might not pay the current market price.

I've heard this too but no one seems to be sure of it....
Any insider info on the likely buy-out price?
What if GSK ends up paying more than that?

GSK
Some volumes available today........any insider news?
If you pick and can risk waiting, let's watch out for the news and be hopeful.......and if you have insider news, kindly share.
Some people can panic sha.....

DANGSUGAR
Some pullback?

talk2me2:
What is there problem? They should go and sell there shares.

I don't think it's a protest against Rights Issue but a protest against some plan to distrupt the AGM.

All these still boils down to the control issue going on in FBN.

customstreet:
DangoteFood might be listing above 10,000k

Thanks.
Pls reply your mail.

Ajibade123:
I wonder since they all belong to the same parent company why were they listed on the stock exchange differently before??

Many factors could be responsible for this.

In the case of NASCON, it was owned by another company but not doing so well, so Dangote bought it over some years back and change the story of the company for good.
- it was listed before Dangote aquired it, so he left it to be running separately from Dangsugar, which was also listed separately then.

Now, Alhaji is planning to merge all food companies since he can't come and list DANGRICE separately as well.......
* Merging all food chains will create more value for him, the shareholders and the economy at large.

My understanding of it.

NASCON:
If NASCON can cross the 40 marks today, then the post merger price may likely be juicy be that....
* Pls don't take my comment for it......just stating my observation*

* GSK: on full bid @8.90......
How much can this Coy possibly offer as buy-out Price?

** Most trades on GSK are cross deals!!
Make dem allow people to sell on the floor as well na

drLammy:
Please who knows how I can reach mytradebook/meritrade customer service
I haven't been able to login to my account for weeks

Kindly help with any information.

Contact: customerservice@greenwichbankgroup.com

Mytradebook is trying to merger different investments into one platform but it's becoming really annoying for not been able to login for more than one week now.

phoinix:
Which 1:1, Dangsugar and Nascon na mate before? Dont worry, wind go soon carry that your oversized wig comot for that ur bald head way u dey hide so.

You can simply give your own opinion and stop quoting mine.
You may also do well to stop displaying your ill-mannerism publicly.
Hope you didn't skip your dose

chimex38:
Both I think. Speculation for each company and
also speculated share allocation ratio for the merger of the 3 entities to DangoteFoods.
(their personal opinions)

Ok thanks.
I've seen it.......posts by Pa Emma and Customstreet...
Like you said, it's still speculations.

In another news, I hope GKS will treat the shareholders fairly and handsomely.....
@Onegentleguy was spot on here!

Harvestock01:
The number of issued shares of DANGFOODS will also be a significant factor as well as the exchange ratio.

So far, the total number of issued shares of Dangsugar + Nascon should be around 15B.....
I don't think DANGRICE can be that much......
So, total may not even be up to 20B........and BUAFOODS is around 18B.....

* I think Dangsugar is going to have majority say here, and I can suspect a 1:1 conversion, especially with both trailing each other behind in terms of share price.......I may be wrong though.

DANGRICE is going to be a booster...... we'll see how it'll all pans out anyway.

ggoldmine:
Hi Mcy, What happens to the current Dangsugar shareholders, if that occurs? Will the name change to Dangfood or are you referring to an IPO for the Dangfood? Thanks.

The name will change to DANGFOODS and you'll be alloted the proportional shares based on the merger conversion and based on the stock you have (either Dangsugar, NASCON or DANGRICE.

chimex38:
Some actually gave their opinion and speculation on the forum around July 13-July 14 (Pg. 7140) when the news broke out. Though using their Unaudited Results(Pg.7140)..
*Speculations
personal Due Deligence shld be applied..

Ok thanks. I'll check out the page.........but the speculations done that time was for each company and not a merger if I get it right.

Mpeace:
If they list at 60, I go just sell all my holdings at once. E fit go full bid that very day.

Sell?
If it's listed at 60, it will go on full bid......who will want to sell something going to N100 or more overtime?
Well, traders will be buying and selling, doing their usual biz anyway.

purity2all:
How will the new price be determined when the 3 companies merges?

That's the work of the Valuers and will be subjected to monitoring by the relevant Regulators .

The Equity Valuers knows what and what to consider to arrive at the appropriate value. They're professionals in the field.

dapix:
I want to believe so, with the introductory price, in the range of N100 - N120

Chai!!
My own suspected introductory price is N60......
...but the rate at which people were packing it, it could be more than that, with a win-win merger plan for all the 3 Coys.

abuhusna1:
I suspect dangote food may catch up with BUA food

Me too.......it's going to be overtime sha.
Long termers will likely be the most beneficiaries of the merger....

* DANGOTE FOODS has wider range and coverage compared to BUAFOODS.......
*The 3 companies to merge are solid already.......and I suspect other food range will fall in line as time goes on.......like the tomato Coys (the greenhouse arms, etc).....
I think it's going to be a very big value chain consolidation.....
* I also suspect a 1:1 sharing or so........na just suspicion o, I may be wrong ......OR, maybe it will benefit NASCON much more because of the smaller OS.

Bull in market today.....
* NASCON @38.90!!
It is well o..

* In the past, the gurus would have discussed about this merger and do estimated valuation, but as some people don pursue dem finish, we no get such analysis again ...

NB PLC: @40.70!!
Never say never in this market......