Honeywell Flour Mill

[hispy99]

HONEYWELL PLC INTERIM REPORT FOR THE PERIOD ENDED 31ST
DECEMBER 2009 (THIRD QUARTER)
2009 2008 %Change
N’b N’b
TURNOVER N26.188b N21.060b 24.34
PROFIT BEFORE TAX N2.054b N615.532m 233.98
TAXATION (N1.184b) (N401.647m) (195.26)
PROFIT AFTER TAX N870.504m N213.884m 306.99

[Waves]

Originally Posted by hispy99

Any company with "flour" (apart from the original one "Four Mills Plc ) in its name is toxic . The margins are just not there in the flour milling industry

Originally Posted by hispy99

HONEYWELL PLC INTERIM REPORT FOR THE PERIOD ENDED 31ST
DECEMBER 2009 (THIRD QUARTER)
2009 2008 %Change
N’b N’b
TURNOVER N26.188b N21.060b 24.34
PROFIT BEFORE TAX N2.054b N615.532m 233.98
TAXATION (N1.184b) (N401.647m) (195.26)
PROFIT AFTER TAX N870.504m N213.884m 306.99

Oga Hispy99, please has anything changed in this industry or are they (Dangote, Flour Mills and Honeywell) playing games with us? Did i miss the pop-pop and chin-chin surge?

[hispy99]

Originally Posted by Waves

Oga Hispy99, please has anything changed in this industry or are they (Dangote, Flour Mills and Honeywell) playing games with us? Did i miss the pop-pop and chin-chin surge?

bros e be like so, at least for now ....when i made that statement, i was not paying attention to the price of wheat, which dropped by more than 60% from it's high in mid-2008 to the end of 2009. It looks like the flour millers pocketed that drop in a major input without transferring the benefit to consumers. We discussed this issue on Dangote Flour's thread

Originally Posted by hispy99

Wheat - Monthly Price - Commodity Prices

As you can see from the chart, prices are still falling this year...

[pumping]

Any company with "flour" is simply turning to "gold"...

[hispy99]

Originally Posted by pumping

Any company with "flour" is simply turning to "gold"...

yes o, na diamond sef, although Honeywell has a PE > 60

[pumping]

Originally Posted by hispy99

yes o, na diamond sef, although Honeywell has a PE > 60

Yes o...shocked when it came up on my list today.....way too expensive...flour or no flour..

[knightofdelta]

Originally Posted by pumping

Yes o...shocked when it came up on my list today.....way too expensive...flour or no flour..

A bubble is building here...

[hispy99]

FORECAST

TURNOVER PBT TAX PAT
N'000 N'000 N'000 N'000
30-Jun-10 Q1 N10,540,000 N883,355 (N382,825) N500,530

[obinnaD]

Is this a good time to buy HONYFLOUR? Its been showing some resilience at the current price. Does anyone have any takers on this one (both long term and medium term)?

[123.rado]

HONEY WELL FLOUR MILLS LTD
09 June 2010

The company has notified The Exchange that its Board of Directors has scheduled to meet on Tuesday, June 15, 2010, to approve the payment of dividend to shareholders of the company.

[hispy99]

Honeywell Flour Set to Declare Dividend - Proshare

[twentypercent]

Originally Posted by hispy99

Honeywell Flour Set to Declare Dividend - Proshare

make dem declare the dividend na, abi dem dey advertise to give dividend again

maybe dem wan jerk up price first, before offloading some units to pay the dividend....wahala dey o

[alagba-ijo]

Originally Posted by twentypercent

make dem declare the dividend na, abi dem dey advertise to give dividend again

maybe dem wan jerk up price first, before offloading some units to pay the dividend....wahala dey o

Proudly NIGERIAN : GOOD PEOPLE GREAT NATION

[123.rado]

Originally Posted by twentypercent

make dem declare the dividend na, abi dem dey advertise to give dividend again

maybe dem wan jerk up price first, before offloading some units to pay the dividend....wahala dey o

HONEYWELL FLOUR MILLS PLC
30 June 2010
Audited Year Ended (December) 2009

Corporate Actions
Proposed Dividend 11kobo
Proposed Bonus Nil
Payment Date 21st September 2010
Closure Date 25th August -7th September 2010
AGM Date 14th September 2010
AGM Venue Civic Center Victoria Island Lagos

[twentypercent]

Originally Posted by 123.rado

HONEYWELL FLOUR MILLS PLC
30 June 2010
Audited Year Ended (December) 2009

Corporate Actions
Proposed Dividend 11kobo
Proposed Bonus Nil
Payment Date 21st September 2010
Closure Date 25th August -7th September 2010
AGM Date 14th September 2010
AGM Venue Civic Center Victoria Island Lagos

This is classic 'oceanic-style' ambush for the shareholders....oba will definitely lose credibility with this shady release.

Thank God I don't own any honeyflour anymore, I honestly think something like an investigation should be done by the regulatory bodies in preventing this type of deception and some form of heavy punishment applied

[horlads]

Originally Posted by twentypercent

This is classic 'oceanic-style' ambush for the shareholders....oba will definitely lose credibility with this shady release.

Thank God I don't own any honeyflour anymore, I honestly think something like an investigation should be done by the regulatory bodies in preventing this type of deception and some form of heavy punishment applied

Honeywell actually released results...and not only dividends...

[nosa2]

Despite the over 400% increase in profit this stock is trading at a p.e of 51 based on an eps of 15k. Please any SMN members holding this stock should SELL asap cause this one is gonna crash. It would probably be selling below N2 very soon

[twentypercent]

Originally Posted by nosa2

Despite the over 400% increase in profit this stock is trading at a p.e of 51 based on an eps of 15k. Please any SMN members holding this stock should SELL asap cause this one is gonna crash. It would probably be selling below N2 very soon

I fugured out it will begin to look attractive at around 2.15 for me...I saw the released result on proshareng.com and still feel it was an ambush. Thanks to KOD who expressed his thought about the IPO price being based on an overly optimistic future earnings potential.

[Waves]

HONEYWELL FLOURMILLS PLC

28 July 2010

Unaudited Q1 (March) 2010

Profit and Loss Information
Gross Premium 10 N9.162b 09 N8.518b
Profit Before Tax 10 N881.257m 09 N535.713m
Taxation 10 (N378.160m) 08 (N239.500m)
Profit After Taxation 10 N503.097m 09 N296.213m

Balance Sheet Information
Fixed Assets 30-06-10 N12.683b 31-03-09 N12.916b
Stock 10 N3.847b 09 N3.847b
Trade Debtors 10 N844.607m 09 N659.750m
Cash And Bank Balances 10 N3.976b 09 N3.627b
Other Debit Balances 10 N9.829b 09 N8.955b
Trade Creditors 10 N358.298m 09 N808.160m
Short Term Borrowings 10 N5.865b 09 N8.072b
Other Credit Balances 10 N10.224b 09 N6.978b
Working Capital 10 N1.148b 09 N331.092m
Net Assets 10 N14.013b 09 N13.510b

[123.rado]

Annual General Meeting. HONEY WELL FLOUR MILLS PLC

http://www.nigerianstockexchange.com...0well130th.pdf