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  #1 (permalink)  
Old 19th November 2006, 04:28 PM
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Default Cadbury

Read in the papers that Cadbury is undergoing an internal audit by an independent auditor. It seems they have been overstating their accounts for some years now. What is the likely consequence for investors? Also saw an announcemnt by Cadbury Schweppes, the major shareholder. It seems they initiated the move. However, they are not pulling out. So, what do you guys think? I contemplating dumping my shares in the company.
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Old 17th January 2007, 01:36 AM
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Default Cadbury Nigeria Plc

Considering cadbury's recent scandal, which resulted in a price drop, does it not make sense to buy the shares now while prices are down?

Despite all, I would think the prices will rebound, which would make it an excellent buy?

Last edited by Stockbear; 10th December 2007 at 09:37 AM.
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Old 18th January 2007, 09:22 AM
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Default

hi there,
well if you have been monitoring the stock market, you would notice that cadbury gained about N4.00 last week. that the price have been falling does not mean it is a bad stock . the market is only reacting to the overstaement of result or the effect of bad management. the stock will definitely bounce back in the long term so you can buy now and hold. most of the people that are selling are individual investors and not institutional investors.

take that bold step if you are convinced about it.
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Old 7th February 2007, 03:41 PM
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Default Thanks!

@ paragon, thanks for your response.

My intention was to buy at the N27 range because I intended to sell within weeks, max a month. It wasn't possible to buy bcos no one had it on the market. It was been exchanged between individuals who already owned the stock.
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Old 2nd March 2007, 12:17 AM
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Default Cadbury Shares On Rebound?

What is your take on Cadbury?

Quote:
Shares of CADBURY NIGERIA Plc Appears To Be on the Rebound

In one of my recent articles about the shares of Cadbury Nigeria Plc titled “How Low Can the Shares of Cadbury Decline?”. I noted that the shares were trading at N32.89 and had lost N37.11 or 53% from its 52 week high of N70. At the N32.89 price, the stock had violated most of its basic technical indicators (SMAs' 20, 50, 100, & 200), and violated two of the three Fibonacci targets (32 and 50%). I predicted that the stock would probably violate the Fibonacci 62% target of N26.66. However, the stock hit N27.90 on January 8, 2007 and bounced back up.

Since closing at the low of N27.90, the stock has gained N7.68 in 5 trading days closing at N35.58 on January 15, 2006. At the current price, it is trading above its 5 day SMA of N32.35 and 10 days SMA of N31.47.

The stock is looking like a buy candidate, but it has to hit N36.72, the 20 day SMA before it can be considered a true buy. Are the recent gains a reversal of the downtrend in the shares, or is it just exhibiting classic bottom fishing scenario by investors?

At the peak of Cadbury’s sell off, I only noted one day when trading volume exceeded 2 million shares. With the exception of the volume spike noted that day, the average daily volume during the sell off was about 500 thousand shares.



As the sell off continued, the average daily volume dropped to about 200 thousand shares. Considering that Cadbury has approximately 664 million shares outstanding, I am surprised that the sell off was not accompanied by heavier volume. In light of the uncertainty surrounding the company after financial misrepresentation was exposed, the sell off volume should have been heavier.

So what is responsible?

There are two factors that might have contributed to the lack of volume sell

· Most of the Cadbury shareholders were caught off guard by the news and subsequent precipitous decline in the stock price. Selling their shares would have meant losing a significant amount of their investment.



· Most investors in Cadbury stock have a long-term horizon and believe that the stock would recover.

The only reason I am skeptical of the recent price gains is that the sell off was not accompanied by large volume is indicative of investors complacency. My apprehension is that some of these investors who were not able to sell during the steep decline might begin to dump their shares as the stock edges higher above their purchase price.

Additionally, the revised financial statements have not been released by the company. Therefore the cloud around this stock has not dissipated.

Whatever the reason for the lack of volume in the sell off, it appears that the stock is experiencing some accumulation since the volume is beginning to increase as the price moves higher. I would not recommend the stock as a buy at this point because it has not traded above its 20 day SMA of N36.72. However, if the stock can stay above its 20 days SMA, then it would be a buy at that juncture.

The jury is still out on this stock, because some of the brokers and securities firms executive I spoke with are very skeptical about buying the stock at the current price. Most of the NSE brokers expected the stock to decline further. However, in trading we watch the chart trend and not human expectations. The current trend of the stock is up regardless of the experts’ expectations.

The company can help the market by giving access to information. As previously noted, I called Cadbury Plc to speak with the Corporate Affairs Manager last week, but was unable to reach him then. I should have better luck after January 18, 2007. Chukumah.Biosah



Soft Comments – Subscriber Enquiries

SELL NOW: This category of investors, mostly of a trading mindset, would have a justification to do so if they had not bought at the closing prices before the news, otherwise would have to wait and ‘turn to market makers’ to encourage an upward surge. Doing otherwise would mean a loss on returns.

The decision her would be heavily influenced by the results being expected for February 2007 and the projections thereafter.

BUY NOW: This is not supported by the analysis. However, if the decision is to hold on, then a buy decision now can be contextualized.

HOLD ON: This category of investors have a natural tendency for capital appreciation and would be more than happy to ‘take this challenge on the chin’ in the expectation that the market would correct itself once the company gets back on its footing. This will be based on the projections coming out of the company which will be more credible giving the recent problems they have had. Another decision criterion would be the outlook for the food, beverages and confectioneries sector in which Cadbury is playing in. The projections for the sector is that it should achieve moderate growth even as competition gets stiffer and margins drop due to increased cost of selling and distribution. Thus profits would be tight. With Cadbury, we expect that the additional investments expected from Cadbury UK would position it to address these market realities and position it for long term future gains. This position is for the investor with the long term view, conscious that the stock will come good and this might be a blip after all.


We should be in a better position to make sense of all this decisions once we get the financials from the company.
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Old 5th March 2007, 12:06 PM
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Default Cadbury Sued!!

"Copyright infringement"

Last edited by Ikechukwu Emelike; 15th June 2009 at 05:15 PM.
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  #7 (permalink)  
Old 29th May 2007, 01:12 PM
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I think the most interesting set of people as investors are the people i will like to call 'bad news investors' they rush any stock having a bad time, but with potential for the rebound, they rush in after the price hits bottom and ride the tide and get off when it returns up.
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  #8 (permalink)  
Old 29th May 2007, 05:27 PM
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i love those investors too and am trying to be one but its been hard cos you have to be stable before you start playing with money you dont have or cant afford to loose.
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  #9 (permalink)  
Old 30th May 2007, 12:32 PM
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Unhappy Cadbury shares

Quote:
Originally Posted by Stockbear View Post
Considering cadbury's recent scandal, which resulted in a price drop, does it not make sense to buy the shares now while prices are down?

Despite all, I would think the prices will rebound, which would make it an excellent buy?

Lymbic3
Stockbear,
I do not share in the sentiments expressed here. I have had my fingers burnt with Cadbury shares. I bought a sizeable number in 2005 at N47 and look at where we are now!
Even when the current scandal was not public knowledge, the stock was not doing well.
I think caution should the the watch word.
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  #10 (permalink)  
Old 30th May 2007, 10:18 PM
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sorry man... sorry!!!
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  #11 (permalink)  
Old 30th May 2007, 10:23 PM
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Default Caution

Cadbury is low, but, hey, it's going lower. the feeling isn't good: on the street, with the company, everywhere. Stockbroking firms have a SELL-SELL for Medium-Long terms. What to do? Well, I bought some when I thought it was low, now, it's going even South. If you haven't bought Cadbury, now is not the time to buy. Let it drop; it appears the worst isn't just over yet.

.
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  #12 (permalink)  
Old 30th May 2007, 11:30 PM
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for medium to long term investors cadbury might be good at N25, i dont mind if it goes below.

the meaning of overstatement shld not be overlooked by investors, it means the management of cadbury lead by Mr bunmi oni,have been deceiving people, now, we dont know the true state of matters, but if someone have money that can be invested for long term purpose, well cadbury might be a good buy.

What cadbury management did is call fraud, if it happen in develop world, the man can end up in jail.
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  #13 (permalink)  
Old 29th June 2007, 09:09 AM
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I think it's a good buy for now if you are investing for a long term purpose
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  #14 (permalink)  
Old 29th June 2007, 10:11 AM
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What's "long term"?

And, on what basis would you think it's a "good" buy?

.
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Old 29th June 2007, 03:51 PM
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cadbury is good for long term basis at current price.

possibilty of the company reaching its previous price will take some time.
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  #16 (permalink)  
Old 30th July 2007, 07:19 PM
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First of all thank God this site is back!!!! I sure missed it. I kept on checking and checking. Apart from the contributions posted on this site, I love the format.

I just bought some cadbury. In my opinion it's a good share to buy NOW and it's products are things that are consumed everyday. Secondly if you look at the chart where cadbury went to the second lowest (at N31.00) on 24-May-2007, Looking at the volume chart, you'll notice that AT THAT POINT THE VOLUME OF TRADE WAS VERY HIGH (>5M). This shows there was a stiff battle between the bulls and the bears, and then the bulls won and the stock started going upwards. What are we to learn from this? That support point was one that is VERY STRONG - marked by a high volume of trade. If the trend went lower than that then a new strong support will have to be created. But it did not go lower instead it has started trending upwards.

How do you define a graph that is trending upwards?? When subsequent support points are higher than the previous supports(e.g N32 > N29) - even though the graph is going up and down (which is the normal graph movement for any traded stock).

Also notice that the subsequesnt supports have recorded lower trade volumes. This indicates that they are not supports that are stoo strong.

This same analyses could be carried over to resistances.

Other factors to consider with regards to determining the strenght of this support is the length and height. Lenght - from May 24th to today is more than 2-months is substantial.

The volume of trade when it was lowest this year (at N27.90) was not much - 714,259. Hence I wouldn't say that was a strong support.

This stock has taken 2 MAJOR HITS. 1. The overstatement and 2. The lawsuit, and it had a strong support of N31.00. Not to mention the IPOs and POs currently on the market. It calls for some thought as to the fundamentals of the company - which in my own analyses is good. These are the kind of news that would have buried some stocks.

FINALLY - SOMETHING FOR THOUGHTS. That of CADBURY has come and gone, with the bad eggs in management removed, WHAT OF THOSE WE DO NOT KNOW!! When there's happen (if they do), will the company stand????

My advice to myself and as many as will listen - INVEST IN COMPANIES WITH GOOD FUNDAMENTALS!

SEE LINKS BELOW.



Cadbury Nigeria plc - CADBURY: Stock quote and news | FirstGlobalSelect

Welcome to LIGHTHOUSE Asset Management Limited
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Old 31st July 2007, 10:06 AM
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i am glad the forum is back too and i really like the format that allows indepth analysis too.

As for Cadbury, i see the merits of your analysis. But my question is this: "What would trigger an upside movement?"

Is it Good earnings? when will that come?

Is it new mgmt? well they'v had that for a while

So while i believe they will do well in the long term, i'd ask again, "Are u ready to put your money on Cadbury for the next 18 months and be happy even if they continue to underperform the market in this period?"

If you can wait that long, then its a good investment that may definitely rise phenomenally. When it will rise is the problem. Just like how Wema was miserable for a very long time and we were all hoping and it finally happened. Thats the thing with fundamentals. The market is crazy...it will eventually behave BUt it has no obligation to behave in the short term and when it will behave is a question that is hard to answer.
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Old 1st August 2007, 11:57 PM
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You are also quite right. I just got at a time I feel it's right to - long term though.
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Old 29th August 2007, 06:29 AM
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I have been looking at this share, Good EPS,attractive PE 14, Good Projection,New management,etc. Please tell me the dark side of Cardbury cos cant see any. I will put a bid at N30 if i dont here from the forum today.
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Old 29th August 2007, 07:10 AM
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Quote:
Originally Posted by Soweto View Post
I have been looking at this share, Good EPS,attractive PE 14, Good Projection,New management,etc. Please tell me the dark side of Cardbury cos cant see any. I will put a bid at N30 if i dont here from the forum today.

i see where u are coming from....cadbury will definitely rise ..........but when?

its still the same old story for now bro...its still the cadbury that overstated its profits so a lot of investors are wary esp considering that the case is not yet over over...
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