Dunlop

[Babs_O]

Originally Posted by kingojames

Dunlop price today is N2.12. Pls i am wondering when its best to throw this stock out of my folio.Worst investment i av ever made.i bot it at N6.48. i am bleeding of it right now.But i want to get rid of it at the best tym possible.Someone HELP me with some analysis.

I will add tend to tarry taking an action except you really need cash desperately. It is very hard to predict the market and the government polices are very inconsistent. It will be painful to sell at a huge loss and next day the govt makes policy changes or whatever that favors Dunlop and co.

[Naijadr]

Originally Posted by Babs_O

I will add tend to tarry taking an action except you really need cash desperately. It is very hard to predict the market and the government polices are very inconsistent. It will be painful to sell at a huge loss and next day the govt makes policy changes or whatever that favors Dunlop and co.

Yup I agree, I'm one of those who bought Dunlop in Feb and I'm holding onto it because I can almost taste what is going to come in the long term.

The govt has now said that importation tax is going from 20%-35%, and though they lifted ban on importation of tyres, they could very well ban it again.
Unless u absolutely need the money, I wouldnt sell.

Newswatch Magazine - A Soothing Balm

[donchisel]

My Good People, Below is an info from UBA global Market. Do i still have Guts to beleive in this Coy.

Dunlop Nigeria Plc also announced a half year result. As at June 2008, the company’s turnover had dropped by 65.2% to N1.25bn, while net loss rose from –N500.7mn to –N1.5bn. Investors were quick to react to the weak financial performance as its shares dropped by 4.52% to N1.90 today.

[BLUEMONEY]

Originally Posted by donchisel

My Good People, Below is an info from UBA global Market. Do i still have Guts to beleive in this Coy.

Dunlop Nigeria Plc also announced a half year result. As at June 2008, the company’s turnover had dropped by 65.2% to N1.25bn, while net loss rose from –N500.7mn to –N1.5bn. Investors were quick to react to the weak financial performance as its shares dropped by 4.52% to N1.90 today.

This Result is very Serious and Unless something Drastic is done, We may be seeing more of this type of result in the Future from this company. I Still dont know why these guys did not carry out thier plan of importing Tyres.

Yes Government Promised to look into thier Problem but can they be relied on ????? it is hard to tell.

So MAYBE if all the Manufacturing Companies in the Country start leaving one after the other then our Government will wake up and do something to Attract them Back --- JUST MAYBE.

[knightofdelta]

Well. we have a distressed company in our hands. If only I had a lot of money I would have bought over this company and turned it around. They raised some money recently and I guess they have spend everything on diesel and importing raw materials at high price. They should either consider seriously setting up a factory in Ghana or even Togo and import tyres into Nigeria and then rebrand...

I still believe that something will come out of this company in a few years. I will probably wait till it gets to 50K and then buy as much as I can...

[donchisel]

Originally Posted by knightofdelta

Well. we have a distressed company in our hands. If only I had a lot of money I would have bought over this company and turned it around. They raised some money recently and I guess they have spend everything on diesel and importing raw materials at high price. They should either consider seriously setting up a factory in Ghana or even Togo and import tyres into Nigeria and then rebrand...

I still believe that something will come out of this company in a few years. I will probably wait till it gets to 50K and then buy as much as I can...

They actually used most parts of the fund on the N8bn factory. 60k now seems like a much better price to go in, before your oil bunkering money puts the stock price on bid.

My point, if the leave the country, the N8bn factory remains.

[BLUEMONEY]

Originally Posted by donchisel

They actually used most parts of the fund on the N8bn factory. 60k now seems like a much better price to go in, before your oil bunkering money puts the stock price on bid.

My point, if the leave the country, the N8bn factory remains.

The Factory they Built is a Structure that can be Dismantled and the important Parts Shipped to Ghana or Elsewhere were the cost of production is Relatively low than what we have here in Nigeria. Shipping the Important Parts will cost money but I Believe it will cost less than Rebuilding another Factory.

If the Management of the company is serious about adding value to investors, which I believe they are, then the New Factory or the Useless Unfulfilled Promise from the Government should not stop them from doing what is Right.

Since our Government have refused to create an Enabling Profitable Environment for them, then going elsewhere is the right move.

[hispy99]

PAN, Dunlop top N6.9bn NAC fund
Tuesday, 25 November 2008 00:04 MIKE OCHONMA

Peugeot Automobile Nigeria Limited and Dunlop Nigeria plc have emerged highest beneficiaries among the list of automotive and allied components manufacturing companies that have so far benefited from the loans disbursed by the National Automotive Council (NAC), designed to address problems in the automotive sector of the economy.

In a telephone conversation with Business Day, Monday, the director-general, National Automtive Council (NAC), Aminu Jalal, stated that in pursuit of local content development programme aimed at supporting companies in the auto sub-sector with loans to develop modern parts and components, a total of N6.918,322,622 has been given out to 22 companies. The funds are divided into long term and working capital.

A breakdown of the amount disbursed indicate that Peugeot Nigeria Limited received N3.5 billion for the upgrade of its assembly line in Kaduna, including the installation of new machineries and equipment that will herald the local assembly of the new Peugeot 307 sedan in the country.

PAN is followed by Dunlop Nigeria plc, with the acquisition of N1,47 billion which formed part of the loan facility the tyre manufacturing injected into the establishment of the company’s All Steel Radial Truck tyre plant few years ago.