locodemy:


Sister,If it is 100k block volume you need to decide closing price,you will see it tomorrow.

Infact take away #1.00 from the 14.80 and the balance is tomorrow's closing price.

I like u sha but u too dey boast

rebekah2011:
If their results did not come in by February 29, 2020, then they will pay fines and penalties to SEC. Why will they want to pay dividend when they still have loans to pay back? The company only has to show positives and investors will swoop on their shares. Paying dividend will only put them into more troubles.

The new rule says 30th of January for unaudited result and 31th of march for audited result. I think they have already flouted the rule.

koma1:

Please how can I get the e-dividend form and who is the registrar of Wapco?

WAPCO registrar is cardinalstone securities

mendes911:


Me? Mba naa, Corona Virus is creating enough panic. Did you hear that 64 died in China just yesterday and CNN is claiming that figures are being managed by China implying that deaths are more. Me ayam scared for my containers in China.

BTW, WAPCO sighted at N14+. Remember Peter in your prayers. He can't even drop a word here.

Mendes...u have said enough...just relax...ppl over here who still have money in the stock market are still knowledgeable and experienced as u're when it comes to taking decision concerning their portfolio.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/28957_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_JANUARY_2020.pdf

U want to confuse people abiii

Mcy56:

Story don change.
Loco don enter Wapco again. Chai!!!!

Lol...no mind am.....

For ppl that still have WAPCO...my simple advice is: DON'T SELL. The result would likely come out soon and u might not be able to buy at a lower price.

millennium2012:
An impressive Result from CAP:
http://www.nse.com.ng/Financial_NewsDocs/28676_CAP_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

No wonder the recent PA.

Which kind of impressive result? The result is just neutral to say the least...

2018 EPS is 2.90 while 2019 EPS is 2.55..

FBNH 10%

Ewoo .. FIDELITY BANK 10% already!!!!

monopolistic:
Hi everyone Any stock to watchout for 2020?

Thanks

WAPCO AND UACN

pluto09:



I will not be surprised if our in-house analyst attack proshare as an enemy of fcmb who want the price to fall so they can buy for themselves at a cheaper price

...The in-house analyst's that have already sold...

Where do you think those over 13m sold shares came from?

You can also notice the long queue to buy Fidelity shares.

locodemy:


The strength lies on fidelity for now.
If fcmb must close the gap today, Fidelity has to adjust in price let's say 2.15.

But the tension is no more.Market continues.

Mr Loco...are you sure you have not sold?...lolll

RabbiDoracle:


Do you remember when companies release good results, stocks fall massively? Now the reverse is the case

As they churn out bad results, the stock will even be doing 10%. See Jaiz, Unity going very high.

Unity has not paid Dividends for many years o, yet it is gaining 10%. It has negative SHF, yet people still dey buy am

Do you want to tell me that people have not peeped the result since? Are you saying they just saw the result today? yet the stock did not crash land since.

Buputa ibu gi....

Exactly!!!

rebekah2011:
I agree Sir. But with Oga Loco deciding to sell, I cannot guarantee that it will go north oooo

Lollll ... I know oga loco is big but he cannot be bigger than the 'MM'.

I absolutely believe FCMB wouldn't trail too far behind FIDELITY.

rebekah2011:
Oga Loco's exit will create a PANIC in the market. Imagine 1b units trying to exit FCMB on Monday. I suspect we are going to have a bear Monday

I would advice everyone with FCMB shares to watch the direction of the price carefully on Monday before deciding whether to hold/sell.

In q3 2017, FCMB declared a PAT of about 5.5b but yet the price rose till about 3.50 naira. But in this case, the PAT is even better.

So do not rush in taking any decision.

pluto09:



The result is only good to be released on friday
A very disappointing one but I expect them to manage the price well, it is their way and they've got a very strong and active MM.

Exactly!! I wouldn't be surprised if the price move up by Monday.

mendes911:


What if the tap doesn't have up to one bucket of water from the source? Will 3 still get full?

...All things been equal..

onegentleguy:


Wrong answer, pls try again !!

Now, I got it...bucket 3

.....

Coolcash1:


Abi o e.g. Caverton and WAPCO.....

Lol...I no just know who dey sell/buy WAPCO at 14.0 wey no allow the price move...

Although e close higher today sha...let's see how next week go be.

phemmie06:
CardinalStone Research,

CCNN and Obu Cement merger update: Excerpts from the scheme of merger

Cement Company of Northern Nigeria (CCNN) and Obu Cement Company Plc (Obu) have released a scheme of merger document for their impending business combination.

According to the document, Obu’s 40 million ordinary shares of 50 kobo each will be reconstructed to 20.7 billion shares of 50 kobo each of the enlarged entity. This represents a 1 for 518 share conversion ratio. On the other hand, CCNN’s shareholders will be accorded 1 share of the enlarged entity for each CCNN share owned. Thus, the outstanding shares of the enlarged entity would comprise the 13.1 billion ordinary CCNN shares currently available and the potentially reconstructed N20.7 billion new shares in favour of the 40 million ordinary shares of Obu. The implied 33.9 billion shares of the enlarged entity would be 61.2% owned by shareholders of Obu and 38.8% owned by shareholders of CCNN. On adjusting to reflect BUA Group’s 87.4% stake in CCNN, minority stake in the proposed entity is likely to be closer to 11.0% (3.7 billion shares).

Valuation of current CCNN shares.

Going by the scheme document, the total value of shares to be issued for the 13.1 billion shares owned by the scheme shareholders (i.e. CCNN shareholders) is N460.0 billion. This implies that the transaction values CCNN at N35.11 per share, compared to its current market price of N16.40 and our FY’19E BVPS of N25.81. The valuation is also at a significant premium to our 12-month target price of N12.97—which does not capture the proposed addition of the 3.0mtpa Kalambaina line 2.

Based on the provided proforma, the enlarged entity would have had ROE and ROA of 15.3% and 10.9% respectively in FY’18 compared to 1.7% and 1.6% respectively for CCNN. Although the estimated ROE and ROA of the proposed entity are biased by a N26.8 billion tax credit, they would still have approximated 9.0% and 6.3% respectively.

Other key information.
1. The enlarged entity would have an 8.0mtpa cement capacity, comprising CCNN’s 2mtpa capacity and Obu’s 6mtpa plant in Okpella, Edo state. This compares to Lafarge Nigeria’s 10.5mtpa installed capacity
2. If approved, the merger will see Obu absorb all CCNN’s assets, liabilities, and undertakings
3. The deal will also lead to the delisting of CCNN from the Nigerian Stock Exchange and listing of the enlarged entity on 8 January 2020
4. This deal is strictly a share for share transaction. No cash consideration is involved
5. This transaction is subject to the approval of shareholders and court sanction.

https://trwstockbrokers./2019/11/07/company-update-ccnn-and-obu-cement-merger-update-excerpts-from-the-scheme-of-merger/

If I understand correctly, the installed capacity of CCNN after merger would be 8.0mtpa, while the current installed capacity of WAPCO is 10.5mtpa

Wapco outstanding shares: 16.11B

CCNN outstanding shares after merger: 33.9B

In my opinion, CCNN is trying to rip off their minority shareholders.

https://punchng.com/cbn-stops-treasury-bills-sale-to-individuals/

Recent update!!!

mendes911:
WAPCO

http://www.nse.com.ng/Financial_NewsDocs/27950_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf

http://www.nse.com.ng/Financial_NewsDocs/27949_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Where's Sir Mpeace and Chief CoolCash?

WAPCO about to make some people rich this year!!!

Mpeace:
The way WAPCO dey fall these days eh. I just weak

https://thenationonlineng.net/sec-probes-lafarge-africa-over-alleged-abuses/amp/

This could be the reason

aremso:


Words of consolation all the time!

I think oracle is right; he is actually speaking from experience. Q3 result would gradually be released from next week.. market would gradually become stable as heavy pockets key into sound stocks of their choice in expectation of FY result.

DOLLARTEX:
did you factor border closure?the impact might be massive.

Hmmm...I doubt it would be that massive. As at 2018, wapco only export to Ghana...

maishai:
18+ months of averaging down and I just kissed breakeven point in my journey @ Wapco..... In retrospect this was a stock begging people @ #10 earlier this year......... I still have a holding period of another 24 months....... I feel this year being an election year did not favor heavy weight producers..............Lots of bonds are being entered into by this govt and majority of this cash will go into infrastructure......ccecc is giving Julius Berger(heavily here too) big head ache but both have cement producer as customers........Also majority of normal construction works were paused to see the outcome of the elections........also great timing for wapco to use in clearing their books



My target is #44 after all some investors majorly foreign bought at this price




Any news on the progress of the new plant construction @ Ashaka........


This steady but subtle increase in price of wapco get as e be o........

Wapco would likely be the stock of the year in terms of % price increase.... already doing 33% with the current price.

I just hope Q3 doesn't disappoint.

leo1234:
I received UBA dividend despite not having a single unit at the beginning of the year. It seems selling all your shares does not actually prevent you from receiving dividend when you buy back.

Yep...you are right...had similar experience with cardinalstone registrar. I think once u have been mandated electronically by a certain registrar, your details remains with them permanently.

Agbalowomeri:
Oracle I think you win

Chairman...u don raise white flag?