Flour Mills

[Stockbear]

Good news for investors!

BusinessDay
April 19th, 2007
Flour Mills sustains growth in revenue and profit

Efforts by Flour Mills to carve a niche for itself in the marketplace and attract more investors have been boosted by a sustained growth in revenue and improved profit margin.
Ezenwa Onyeka

Un-audited results for the third quarter ended December 31 2006 indicate that the flour maker increased turnover to N59-billion from N48.54-billion in the comparable period of 2005. Profit after tax (PAT) also grew from N2.03-billion to N39-billion in same period.

Shares of the company traded at N64.80 per share on January 5. By January 11 2007, it had appreciated to N68.00 per share. On January 24, the equity exchanged at N70.00 per share; N80.00 on February 7 2007, but fell the next day to N77.00 per share.

It rebounded on February 19 2007, to trade at N81.95 per share. It fell to N70.00 on February 23 2007. The share price on March 1 2007 was N79.25 and N77.45 on March 30.

Flour Mills paid a uniform dividend of 0 .70k to shareholders in 2004, 2005, and 2006. As at March 5 2007, a dividend of 0.85k has been disbursed to holders of the stock.

http://www.businessdayonline.com/?c=56&a=12770

[whatsup]

Has anybody received the bonus given last year for this stock.

I read it would be credited to our CSCS accounts electronically by the end of March. Nothing has hit mine, and my broker said nobody else has recieved theirs either. so I am just wondering

[lounger]

Guys, should I sell flour mills stock now or what? please advise thx

[hispy99]

Originally Posted by lounger

Guys, should I sell flour mills stock now or what? please advise thx

Depends on your entry point and strategy. I entered Flour Mills @ N73 in November on a long term basis. If I entered for short term, I would be out by now, but I think the company has good long term propects. 9-Month result are usually released in Feb/March, so I am looking forward to that result.

[Apache]

Analysis on Flour mills

[solainvest]

The Punch: Strategic investment update on Flour Mills of Nigeria Plc

[ttoladele]

Originally Posted by solainvest

The Punch: Strategic investment update on Flour Mills of Nigeria Plc

When should we expect their end of year result that is already due? I wonder how rewarding this stock will be.

[hispy99]

Originally Posted by ttoladele

When should we expect their end of year result that is already due? I wonder how rewarding this stock will be.

This month going by history

[billions]

FLOUR MILLS OF NIGERIA PLC
AUDITED RESULT FOR THE YEAR ENDED 31-03-2008
2008 2007
TURNOVER N127.661b N105.668b
PROFIT BEFORE TAXATION N9.878b N9.791b
TAXATION (N3.515b) (N2.317b)
PROFIT AFTER TAXATION N6.363b N7.474b
PROPOSED DIVIDEND N1 PROPOSED BONUS ISSUE 1 FOR 10
CLOSURE DATE AUGUST 11TH TO 15TH 2008 PAYMENT DATE
SEPTEMBER 18TH 2008

[billions]

Originally Posted by billions

FLOUR MILLS OF NIGERIA PLC
AUDITED RESULT FOR THE YEAR ENDED 31-03-2008
2008 2007
TURNOVER N127.661b N105.668b
PROFIT BEFORE TAXATION N9.878b N9.791b
TAXATION (N3.515b) (N2.317b)
PROFIT AFTER TAXATION N6.363b N7.474b
PROPOSED DIVIDEND N1 PROPOSED BONUS ISSUE 1 FOR 10
CLOSURE DATE AUGUST 11TH TO 15TH 2008 PAYMENT DATE
SEPTEMBER 18TH 2008

The current PE based on dis result is 15.2....earning per share is N4.10k.

O/S is 1.55b units.

The result is not impressive.

[zainabusman]

Originally Posted by billions

The current PE based on dis result is 15.2....earning per share is N4.10k.

O/S is 1.55b units.

The result is not impressive.

Well it has been in a free fall for a long time. Although historically a PE of 15.2 for Flour mills is not bad. My problem with them has always been the poor dividend yield for a mature company. Dividend yield is currently 1.6%.

[hispy99]

Originally Posted by zainabusman

Well it has been in a free fall for a long time. Although historically a PE of 15.2 for Flour mills is not bad. My problem with them has always been the poor dividend yield for a mature company. Dividend yield is currently 1.6%.

What's going on with the cement plant they were building with foreign partners? Does anyone know when that plant will come on stream?

[ttoladele]

Originally Posted by billions

FLOUR MILLS OF NIGERIA PLC
AUDITED RESULT FOR THE YEAR ENDED 31-03-2008
2008 2007
TURNOVER N127.661b N105.668b
PROFIT BEFORE TAXATION N9.878b N9.791b
TAXATION (N3.515b) (N2.317b)
PROFIT AFTER TAXATION N6.363b N7.474b
PROPOSED DIVIDEND N1 PROPOSED BONUS ISSUE 1 FOR 10
CLOSURE DATE AUGUST 11TH TO 15TH 2008 PAYMENT DATE
SEPTEMBER 18TH 2008

Not very impressive, perhaps energy cost is eating deep into their profit. It is however cheap at current price.

[Gbike]

Gurus in the house I need your help/advice asap.

1. Does anyone in the house have an idea what the opening, closing and lowest trading price for flour mills on thursday the 21st of august.

2. Can a stock be sold at a price lower than the lowest price it was traded for on floor of the stock exchange on the same day?

3. Is it right or very unusual for a stockbrroker to give its client a cheque of the balance after deduction of charges after selling some stocks but not provide same client with a detailed report of a sales transaction i.e. the total values of sales, price per unit on which a stock was sold and the percentage/value of charges taken?

I desperately need this information because it seems my stockbroker is trying to play a fast one on me because I am not in the country at the moment.

[Avocado]

1. You could find the data you seek at this location: Zenith Securities Ltd

2. That'll be very unusual and irregular.

3. You could get a cheque for money due you; it's better than a cash transaction. You could also request a breakdown of the transaction. But you would do yourself a good favour by getting an online subscription to your CSCS account so you could view your transactions.
.

[Gbike]

Thanks for your reply. I do have an online subscription to cscs but I actually want to confirm that the price my stockbroker is telling he sold my stocks is the actual price. Is there a way I can check that on my cscs account or any other way of finding that out?

[Gbike]

any word of advice? I am still waiting.

[Apache]

Originally Posted by Gbike

any word of advice? I am still waiting.

@ Gbike,

On the 21st of August, the high for flour mills was 62.54 while the low for that day was 57.10. the opening price on that day was 59.57.

The price at which it was bought or sold cannot be effected beyond the high and the low for that particular trading day.

you should be given transaction note for every transaction you have had with your stockborkers. At least that is what i have been used to with the 3 brokers i have ever dealt with

[Gbike]

I have been waiting for this information to be supplied as they did not give that to me when I went in to collect my cheque and that is arousing suspision in me that he may have sold at a higher price than he has payed in cheque to me. Just wondering if their is a way to verify the price that he might be claiming to have sold them for me.

[billions]

http://www.smartproinvesting.com/dow...try-report.pdf