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  #321 (permalink)  
Old 22nd November 2012, 02:18 PM
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Default Re: BAGCO Plc

"The consideration, as well as other terms of the Transaction, will be detailed in a Scheme Document and subject to the approval of the SEC, the Federal High Court, The Nigerian Stock Exchange, and the respective shareholders of Flour Mills and Bagco."

Which year will this simple matter be concluded?
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  #322 (permalink)  
Old 23rd November 2012, 12:30 PM
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Default Re: BAGCO Plc

Quote:
Originally Posted by dr.abrahamb View Post
I would take the money if I were you. I don't own stocks by chance. I do my homework wella.
I hav some units of bagco, how do I getto indicate that I want the cash.
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  #323 (permalink)  
Old 31st January 2013, 03:06 PM
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Default Re: BAGCO Plc

Bagco is currently trading higher than the proposed price by flourmills, how come people are buying at price higher than N2.75 . And I placed a sell order today at 2.74 thinking it can not go past N2.75.

Could the reason be to get the proposed flourmills share which is trading at a higher price?
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  #324 (permalink)  
Old 31st January 2013, 03:15 PM
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Default Re: BAGCO Plc

Quote:
Originally Posted by stance View Post
Bagco is currently trading higher than the proposed price by flourmills, how come people are buying at price higher than N2.75 . And I placed a sell order today at 2.74 thinking it can not go past N2.75.

Could the reason be to get the proposed flourmills share which is trading at a higher price?
If you do ur maths well, you will knnow that the price is still not yet fair when compared to the price for Flour Mills plc..

Yes Flour mills said they will pay a cash of N2.75 to holders of Bagco! Flour mills have said that they will give 1 flour mill for every 25 bagco shares..

if flour mills is closing today at 89.9.....it means the fair value for Bagco should be 3.59 ( all things being equal)

so for as long as the price of Flour mills keep going up, this one will also have to keep going up! but be careful while pursueing this one as that Flour mills price fit be the effects of market makers!
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  #325 (permalink)  
Old 31st January 2013, 04:59 PM
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Default Re: BAGCO Plc

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Originally Posted by overload View Post
If you do ur maths well, you will knnow that the price is still not yet fair when compared to the price for Flour Mills plc..

Yes lour mills said they will pay a cash of N2.75 to holders of Bagco! Flour mills have said that they will give 1 flour mill for every 25 bagco shares..

if flour mills is closing today at 89.9.....it means the fair value for Bagco should be 3.59 ( all things being equal)

so for as long as the price of Flour mills keep going up, this one will also have to keep going up! but be careful while pursueing this one as that Flour mills price fit be the effects of market makers!
Thanks, I didn't think that far, Anyway I hope they don't sell, I am on about 37% gain on Bagco, 50% wudn't be bad.
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  #326 (permalink)  
Old 14th February 2013, 02:34 PM
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Default Re: BAGCO Plc

http://www.nse.com.ng/Financial%20Ne...BER%202012.pdf
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  #327 (permalink)  
Old 5th March 2013, 02:54 PM
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Default Re: BAGCO Plc

BAGCO and Flour Mills Merger – Submission Deadline is TODAY - Proshare
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  #328 (permalink)  
Old 13th April 2013, 04:17 PM
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Default Re: BAGCO Plc

NSE delists Nigerian Bag Manufacturing Company Plc from the DOL - Proshare
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  #329 (permalink)  
Old 22nd November 2013, 02:12 PM
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Default Re: BAGCO Plc

Hi

Anyone know how I can get hold of Flourmill Registrars to find out what happened to my Bagco? I expected it to have been converted to Flourmills?
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  #330 (permalink)  
Old 22nd November 2013, 02:58 PM
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Default Re: BAGCO Plc

Quote:
Originally Posted by BigJay01 View Post
Hi

Anyone know how I can get hold of Flourmill Registrars to find out what happened to my Bagco? I expected it to have been converted to Flourmills?
I hope you filled the form that we all filled then requesting for our Bagco to be converted to Flourmill.... if incase you did not fill the form, then you would have been sent the cheque/warrant they issued then....2.75k per Bagco share
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  #331 (permalink)  
Old 22nd November 2013, 03:17 PM
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Default Re: BAGCO Plc

Quote:
Originally Posted by overload View Post
I hope you filled the form that we all filled then requesting for our Bagco to be converted to Flourmill.... if incase you did not fill the form, then you would have been sent the cheque/warrant they issued then....2.75k per Bagco share
I c, there is no way i could have filled the form. oh well. will try and get hold of them for my cheque.
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