NewStats: 3,259,456 , 8,170,176 topics. Date: Sunday, 25 May 2025 at 06:12 AM 2i3p5z

https://nairametrics.com/2024/12/22/fg-lifts-5-year-ban-on-mining-activities-in-zamfara/

https://nairametrics.com/2024/12/22/fg-lifts-5-year-ban-on-mining-activities-in-zamfara/

Let's see how it goes this week and beyond

essentialone1:
HONEYWELL FLOUR MILLS JUMPS BY 32% AMIDST FREE FLOAT ISSUE
Honeywell Flour Plc recorded a strong price uptick in the equities market as investors increased their positions in the food company’s shares amidst its free float compliance issue.
Share price increased by 31.5% over five trading sessions in the equities market, from N4.60 at the beginning of the trading week due to steep demand. Investors increased bets on Honeywell Flour Mills in the local bourse last week.
The bargain hunting was driven by pure sentiments and expectations that earnings would improve in the coming quarters. Also, Honeywell Flour Mills parent, Flour Mills of Nigeria, is planning to exit the local bourse after Excelsior Shipping acquired the largest share in the food company with an offer to buy out minority shareholders.
This could affect Honeywell too, some market analysts said, noting that Siloam Global Services Limited, a company associated with its erstwhile majority shareholder, Oba Otudeko, only owns 7.79%. With about 86% under significant shareholders, the company told the Nigerian Exchange it failed to meet free float requirements for companies listed on the main board in 2023.
In 2024, its 14.46% free float rate has not changed, and the stock price has been on holiday for a possible rally. According to data from the Nigerian Exchange, Honeywell Flour, which opened at N4.60 per share, ended the week at N6.05 due to bargain hunting.
The company’s value increased to N47.977 billion in the Nigerian Exchange platform after the latest market re-rating of the fast-moving consumer goods stock. The company rally had eased following its acquisition by Flour Mills of Nigeria. At the end of trading session, Honeywell Flour Mills was trading at about 6% discount to its 52-week high. However, the stock has doubled down on its 52-week low of N3 per share. In 2021, Flour Mills of Nigeria Plc. bought a 5.06% equity stake owned by FBN Holdings in Honeywell as the company acquired 71.69% of Honeywell Flour Mills from its majority shareholder, the Honeywell Group.
Total substantial shareholding in Honeywell Flour Mills was 85.54% at the end of the second quarter of the financial year 2025, ending in September 2024. Honeywell Flour Mills Plc ed a free float percentage of 14.46% as of 30 September 2024, which was not fully compliant with the Exchange’s free float requirements for companies listed on the Main Board.

Bovis:


President Trump may provide the fundamental catalyst for this to happen.

Trump would be sworn in on Monday 20th January 2025. If he starts the trade war he promised with Europe and Asia, markets would react negatively and could lead to contagion effects in global markets. Therefore, I would not completely rule out this technical analysis warning

Nigeria plays a different game sometimes sha

KarlTom:
Today and tomorrow

Likely bulls from:
- Lafarge Q3 AFS
- OandO Corporate Announcement (bonus ratio)
- MRS x DANGREFINE
- PZ
- UBA RI closing
- TRANSCORP (and d coys)

Every mallam to his kettle...

We are watching closely

Payunsin:
Oando dusted
Wapco dusted
Ongoing Honeywell dusting
On chams
On prestige
Now loading UPDC
Oando loot at work
I thank God

Congrats .

Will UBA be carried up after the rights issue closure? It seems as if that’s what all the other banks have done. It’s my smallest holdings out of all the banks, and I won’t adding more on the floor

KarlTom:
Today and tomorrow

Likely bulls from:
- Lafarge Q3 AFS
- OandO Corporate Announcement (bonus ratio)
- MRS x DANGREFINE
- PZ
- UBA RI closing
- TRANSCORP (and d coys)

Every mallam to his kettle...

Yes! Don't mind me

Not working at all or some functions are restricted?

Anyway, the App should work. But it takes some time to get the finished and approved for trading.

You can send them an email to know what is wrong.

GeeKudi:
Guess you mean NASD?
I ed the App but it's not working.

From Lafarge

l want to ask. What is the update on FLOURMILL NIGEIA PLC settlement?

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sterlingD:
l want to ask. What is the update on FLOURMILL NIGEIA PLC settlement?

Panadee:


Confirmed. N86 per unit. No WHT

sterlingD:
l want to ask. What is the update on FLOURMILL NIGEIA PLC settlement?

Go back several pages for more info

Panadee:

Go back several pages for more info

l have seen the info

Have they settled shareholders? l never hear or see anything from my end.

sterlingD:

l have seen the info

Have they settled shareholders? l never hear or see anything from my end.

I got my payoff from FMN on 19/12/24. Though, I have just some afolabi units.

Sunrisepebble:
The analysis on this is looking sweet. Q2 contributed to the FY loss because of FX difference. But look at the EPS in Q3 and Q4. Do your own DD/ research o, but this to me looks like a potential 100% ROI. I’ll wait to see market reaction to the audited results

I checked the financial report for vita foam and not really really impressed like that. I will share my findings with you probably by Thursday

Universally INSURED people... How far can this game go?

megawealth01:
Universally INSURED people... How far can this game go?

You tell us sir; you have been universally insured for a while and talking about it. What's the play?

Oga @currentprice, please what is the likely target for UAC?

Intbrew

NSEstudent:


You tell us sir; you have been universally insured for a while and talking about it. What's the play?

Oga @currentprice, please what is the likely target for UAC?

I only point out stock if necessary but short, mid or long term is the duty of my followers to decide after doing their DD

0.9?

megawealth01:
Universally INSURED people... How far can this game go?

megawealth01:


I only point out stock if necessary but short, mid or long term is the duty of my followers to decide after doing their DD

Okay o

But what was the basis for pointing it out in the first place? We can take it from there.

Good morning Current price: What is the fair value of UACN.
Please reply me

@Megawealth

I missed your picks lately. My funds were tied up... Any pick with good BE?

Compliments of the season.

Airtel Africa begins second share buyback to return $100 million to shareholders 

https://nairametrics.com/2024/12/23/airtel-africa-begins-second-share-buyback-to-return-100-million-to-shareholders/

Buying Airtel in 2020 is one of my best decisions in my journey to mass wealth

jckgroup1:
@Megawealth

I missed your picks lately. My funds were tied up... Any pick with good BE?

Compliments of the season.

Not at all bro untill probably next year

NSEstudent:


Okay o

But what was the basis for pointing it out in the first place? We can take it from there.

Please be fair to those pointing out stock. It is not their obligation to tell you when to sell. You are the one that knows how much you bought and should be able to determine your target and when to exit. I come in peace o.

ndept:
Please be fair to those pointing out stock. It is not their obligation to tell you when to sell. You are the one that knows how much you bought and should be able to determine your target and when to exit. I come in peace o.

Okay sir

What I am asking Mega is different though.

UACN on full bid? Wow

For those in a hurry to sell

Give it two weeks in January

The bull has just landed

This bull no way touch Chams and Transcorp

Agbalowomeri:
For those in a hurry to sell

Give it two weeks in January

The bull has just landed

say PDP...lol