₦airaland Forum

Nigerialabalaba:
Which kain school fees whey some people hia don hammer 300%.
In fact, na from the profit we go pay our children school fees o.
Btw, if you are one of those still dey buy only nestle, mtn, access, gtb, zenith and uba, abeg you go need to unlearn sumol, abeg no vex. This market don dey shift and my guess is that it has to do with the direct intervention funds for some critical sectors. Government dey give these rejected stones massive support. Augusto and co talk say naija banks earning went down by about N500 billion in 2020 yet company like Honeywell flour wey you dey badmouth do almost 100% increase in revenue. Abeg reason am wella sir

LoL. Oga Wanaj0 na the oga on top o.
Doubt if his breakeven price in Honeywell can be up to N1 self......

Guess he's just concerned about the current price , he'll somehow have more info about the Coy as well....... but if Honeywell is going to be put up for sale, then we should expect much better bargain than the 3.85/3.90 it's currently selling in the market.

Like you said, if Dangote Flour making loss could be bought over @N24, then Honeywell shouldn't be less than 12/15 in my opinion.....if Oba decides to sell.

** Caveat: Just looking at possibilities here. Not certain about anything. I may be wrong**

ACCESS
Dominates today's market so far......

I'm just waiting for Stanbic's result.......
*Edited*

locodemy:
Honeywell is the last bus stop for oba otudoke in this FBN saga.If you allow the market to deal on the stock ordinarily,I don't think it will sell above 1.20.Remember Cp used to access this stock for me then.I don't know what has changed in the company.

I sense merger, selloff, right issue or any other thing that can please the OBA himself.Seriously, he needs to push this stock over #10 to settle issues on board.

I want to warn our members to use long spoon to trade on Honeywell.

I disagree on the first statement.
Honeywell is doing very fine recently....
Q-on-Q results shows that Honeywell is undervalued........the last result shows PAT of over +100% if I'm right.
With the current food crisis and inflation, Honeywell can only be performing better and better.

For the second statement, you were right.
Oba and his cronies will find a way of pushing the share price up, to be able to offset his debts even if he won't sell it.....
......and if he's going to sell it, he will sell it higher....

locodemy:
Hope you don't want me dead or for my Bp to rise?
Go and search for Transcorp's book value as well.

The thing is:. This book value will be of use in case of sale of the Company.
This is just my opinion, not like anyone is certain of what could be the decision.
One oga here deserve s the shout-out/accolade if it eventually turns good.....

ojeysky:
In the water already too late to cry cold..... Will just hope to stay afloat after the handling over

This is NSE, just stay calm.
Tide may again change. No rule cast in stone.
If you have spare fund, you may just keep it at standby and keep eye on the movement.

Chimex388:
From ur posted site on Honeywell(30th Aug.)
https://investdata.com.ng/is-honeywell-flour-still-a-good-buy-given-the-cbn-deadline-on-firstbank-loan-others/

From Punch: They have a suit hearing with Ecobank on 29th this month.. ..This could Make or Mar it's current trajectory
https://punchng.com/court-hears-ecobanks-bankruptcy-suit-against-otudeko-sept-29/

Thanks for this.
Oba Otudeko seems to be owing more than
one bank. Honeywell Plc may eventually come to the rescue.......thru sales maybe....

wanaj0:
Which valuation model was used? A company with PE of 88?

This is just speculators having a field day. I hope people don't get their fingers burnt here. Well this is time for payment of school fees.
Eku market ooo

Chai! Boss, you can assist to do the breakdown and give us the likely fair value nah.

BTW, what's driving Honeywell may purely not be based on fundamentals but something outside it.
Oba is facing different debt challenges, he may want to use what he has to get himself out of the debtors nets........and Honeywell coy readily comes to mind.
The rush for Honeywell was/is aggressive, so insiders may know what we don't know yet.

E Ku forum visit sir.

Honeywell
* Honeywell was valued at N7.33 book value.........safe margin ...
* Investdata valued it @N12 based on current performance and near future value......
Analysts outside the country valued it at around 30......
This could be some of the reasons driving the share price of Honeywell..........in addition to a rumour likely going around........

https://www.google.com/url?sa=t&source=web&rct=j&url=https://investdata.com.ng/honeywell-flour-2021q1-high-margin-as-profit-growth-supports-hope-of-future-dividends/&ved=2ahUKEwij9Ij99N3yAhWwxIUKHWX6AZUQFnoECAwQAQ&usg=AOvVaw1WhTQuBYrtS5G3aybrWLEj

https://independent.ng/what-is-influencing-the-very-high-valuation-of-honeywell/

** Just for info purpose**
Cc: Locodemy

locodemy:
If the man is handing over his shares to the woman, it should be on crossdeal but the stocks traded so far is not all crossdeal.If it's purely on crossdeal, they price should inch up.

Just joking.......but cross deals will also be at premium.
Maybe the man acquired it @ below 50k self.........so selling @90k is still profitable to him.

BTW, Honeywell doesn't seems tired o.....a strong force is behind it from the look of things.
Na to keep eyes here and to dey watch out for pullbacks........the type of force that moves Wema from 55k to 90k......lol.

TRANSCORP
Group Finance Officer exited........
A woman came on board to act in his capacity.......
Maybe the GFO is handing over his units to the new Finance Officer.......over 100M units exchanged hands @90k so far..........Women are better managers..

https://doclib.ngxgroup.com/Financial_NewsDocs/34045_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20RESIGNATION_O.pdf

I'm helping Peter's ministry........lol.

GTCO
I have the feelings it will touch 27 then bounce back from there.........just gut feelings, I may be wrong. Don't take my words for it.

veecovee:
I've not been active pls. ... has GTB released their interim result

Not yet.

locodemy:
I saw your question before you edited.
I didn't buy back because I am a jijoist.I sell waiting to buy back at the support price.If I missed a stock I look for another

LoL. I edited cos I again thought you won't want to jump in @ supposed high price.

BTW, there's massive purchases/crossings in Transcorp @90k......

locodemy:
Stock market is really a good place to invest money.
Imagine keeping over 2m units I bought few months ago at 96kobo till now.

Better days are ahead for hard to let go investors.

In fact! This stock surprised many..........the fear of Amcon taking over made many of us to miss the bus @ N1+

FTNCOCOA also on full bid.....

Honeywell is vexing in market........sighted @4.19/4.20........doesn't seems to have reached destination yet.........

Champion breweries........quite a lot of crossings @2.03 yesterday, 2.06 today...........is anything brewing here?

Is Transcorp also getting set to move? I know some may call this joke of the year ....but let's keep watching......

locodemy:
Ok.Dont come back ooo

LoL.
Quite a lot exchanged hands today. Looks like someone is offloading @90k........
Going to gamble from 90k downwards, if it goes below 90k.

....

UACN signs agreement to aquire UAC Foods..
https://doclib.ngxgroup.com/Financial_NewsDocs/34037_UAC__OF_NIGERIA_PLC%20UACN_SIGNS_AGREEMENT_TO_ACQUIRE_M.pdf

CUTIX
Improved result...
https://doclib.ngxgroup.com/Financial_NewsDocs/34038_CUTIX_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_2022_F.pdf

E Ku market o.

Willie2015:
We are movin forward...
Just filled my e dividend mandate online...
For MTN, Dang Cement.. etc
With Coronation Registrar....
Upload my ID, Photo & Signature....
Perfect and Seamless process
At the comfort of my home.....
Hope other registrar will adopt the practice..

Afriprud started it.......
Followed by United Securities.......
We hope others upgrade as well.

Raider76:
CBN is also not helping matters. Don't know why they are holding the banks' H1 results, which will contain interim dividend declarations. Stanbic had to give an apology for an anticipated delay.

Maybe CBN is also expecting bribe before releasing the results.

Saw Stanbic's apology letter as well.
The result should be out by now cos they happened to be the first to submit to CBN.
It's expected before 31 August if mighty CBN releases it before then.

Raider76:
It is normal whenever the market if down or sideways.

You were right.
The market is somehow static, just merry-go-rounding and still on same spot.

Think we should be expecting some Q2 reports before August ending.
Let's see if interim dividends can lift the market small.

Agbalowomeri:
Underlying businesses is part of it Lol

emmanuelewumi:
An investor shall not live by jijoing alone

LoL. Don't mind me my bosses.
It's a way of making an entry.........

........but seriously, stock discussions have declined of recent.

veecovee:
Why STI price crashing?
cc mercy

Maybe one news is coming and the itchy fingers are at work again.

Closed @22k today despite good result, whereas its peers are trading at circa 30/40k.

Discouraging...... but I think I'll wait to see what's brewing there, it may eventually be worth the waiting........

Thread is fast becoming real estate thread, no more stock discussions?
E Ku market o.

E Ku market o.

LIVING TRUST:
https://doclib.ngxgroup.com/Financial_NewsDocs/33968_LIVINGTRUST_MORTGAGE_BANK_PLC%20_QUARTER_2_%20_FINANCIAL_S.pdf

Market: Just generally there........

eziokwunwoko:
Goodafternoon Sirs/Ma; OGG, value investor, Pa Emma, cMcy, loco, and fellow house colleagues
Please MRS OIL PLC is it a buy recommendation.
i want to key into it

* Result is not very fantastic.....though company exited loss position....
* Very illiquid......
https://doclib.ngxgroup.com/Financial_NewsDocs/33949_MRS_OIL_NIGERIA_PLC%20PRESS_RELEASE_%20_MRS_OIL_NIGERIA_P.pdf

* You may look the way of GTB instead........quite a lot of sell off @28, refused to fall below 28 so far and quite a lot of pick-up at this junction too....
*Very liquid.....
* Solid....
* Even if it falls, it has a way of moving back up again...
*Possibility of interim dividend very high.....

** Decision is yours to take*

NNFM
Paying interim dividend of 0.15k........seems first of it's kind from the coy.
Qualification date: 24th Aug. 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33954_N_NIG_FLOUR_MILLS_PLC%20NNFM_PLC_ANNOUNCEMENT_OF_INTER.pdf

Raider76:
Liquidity is an issue for me.

It's a stock mostly for dividend investors.....
So also CAP........and few others like Betaglass and Co.

You'll just be picking in pieces once the price is down or if you can get your broker to cross for you.
The price touched 17 or so before reversing up.

igbosoro:
Hello, Please what is driving con Oil to almost full bid, The Bid far outweigh the offers.
I appreciate response from the ogas on any hint. @mcy56, @samguru, @megawealth, @locodemy,
Thanks

Outstanding Q2 result....
Profit After Tax (PAT) of +213.7%
EPS of 153 in June 2021.......as against 49 in June 2020
Positive momentum and Dividend/Cap appreciation hunters at work.
https://doclib.ngxgroup.com/Financial_NewsDocs/33939_CONOIL_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FOR_2021_F.pdf

phemmie06:
.
GSK was marked down

If this is the case, then they may try to push the share price beyond 1.5 before markdown.......
Don't know how possible this could be anyway......considering the qualification Date which is 13th Aug.
We see how it goes.....

ukay2:

You funny madam.
Butit's good they are folding up with goodies...
What of the dead among the living stocks like Daar communication plc, ABC plc etc

Doc, seems you still have this shell......,.cos this your laugh is suspicious.
Continue to have faith on the remaining "dead among the living stocks", maybe one day dry bone fit rise again.........or they too will sell asset and share your money back to you.

phemmie06:
Please, if the stock is marked down wihout getting to N1. 50k (dividend declared) what will be the ex dividend price of the share?

You self.....
Will be 1.5 minus 0.64 nah, which equals (-0.91) if it closed @0.59 before qualification Date .......lol.
Nah joke.

**Anyway, the payment won't be reflected in the share price I blvd. It's a one off payment, so no implication on share price**
This is my opinion. I may be wrong.

.....