₦airaland Forum

jideflash:
Zenith bank is top of the list.

How did you know? The article didn't list the banks?

65% LDR sanction already applied by CBN seven days before deadline.

https://www.vanguardngr.com/2019/12/cbn-debits-banks-n650bn-for-loan-to-deposit-ratio-failure/

TraDeRR:
I’m sure their suscription has expired again.. smh this kind broker na hin person go dey entrust him money with.. why the hell do they always wait for it to expire!

Subscription? As in the platform is not hosted on their own server?

You mean a woman nagging is a sign of love. I reject that kind of love for my enemy.

Biafran4life:
Not to derail this thread.Pls watch what you post some of us are sensitive to this kind of write up and have faith in what we believe.I personally don't see this as a joke

Apologies

Mcy56:
Such an expensive joke! Can you pls stop this.
The guy doesnt know but eager to know. It's a good course in the right direction. What we can do is to encourage him at least.
It's good to tour this kind of path, financial freedom, earlier in life. Some wish to but are not privileged.

No vex ma. I was in the spirit then.

OLAJADON:
the questions I asked are what is puzzling my mind about stock exchange if u can't help no problem.

The question you asked is the question in the mind of every investor- knowing when to buy and sell. There is no straight answer to it. It is majority gut feeling.

OLAJADON:
Please don't be annoyed if I am not able to scroll through the over 5 thousand pages of the trend.
1) How are you able to know the best stock for u to buy and sell and when to buy and sell?
2) Like forex because I have little knowledge of it, are there also strategies used in stock exchange?
3) Also someone posted a question of if he can start with as low as #5,000 but I didn't see any reply
4) On a trend(can't remember the specific one) someone was talking about chaka, wealth.ng, I-invest, afrinvest that they are use to buy and sell stock so I decided to google chaka but the issue is how do I know when to buy and sell and which of them is the best u recommend?

This guy is on a long thing. Even Jesus fit no know the answer to your question let alone us humans

[quote author=emmanuelewumi post=84461392]I wish you good luck, you are better off buying Lafarge or Dangcem at their current prices.

[/quote

Boss I no get liver reach for Dangote cement. Lafarge is on my radar

rebekah2011:
You will make good money Sir. Just be patient. Do not take us too seriously, the majority of us here are experts at analysis paralysis.

chillykelly86:
Please can you send it via WhatsApp 0809 374 3925? Thanks in advance

Here you go. Line 3 - 6 is in billions

FY 18 CCNN OBU Enlarged OBU
Energy Coal & LPFO Gas Gas, Coal & LPFO
shares 13,143,502 40,000 33,864,354
Revenue 31,721,962 87,290,610. 119,012,572
EBIT. 7,874,575 35,149,843 43,024,418
PAT 5,731,320 58,585,867 64,317,187
COGS per ton (N) (23,592) (19,727) (20,757)
Gross margin 45% 54% 51%
EPS (N) 0.44 1,465 1.90
ROE. 2% 68% 15%
Debt to Capital 0.16% 4% 0.93%
BVPS (N) 25.37 2,150.37 12.39
P/B (x) 0.65 0.01 1.32
P/E (x) 37.61 0.01 8.63

chillykelly86:
Without a look into the financials and books of OBU, this is a dangerous venture. Forget all these premium this, premium that.
At least, we can see from the little information here that CCNN seems to be more profitable than OBU. There are better bargains to choose from. I don't like any semblance of a poisoned chalice.

The table comparing the two financials could not be pasted here.

Anyway I'm in already at N15. If I die I die

rebekah2011:
These analysts can do anything to entice one to fall on a knife. Q3 eps of CCNN is 67kobo. OBU Cement whose financials are private has paid a premium for the shares of CCNN we have been made to believe. shares worth 17 is valued at 35 per share. the implication will be that CCNN is even more profitable than OBU Cement. We await the final figures of the combined entities in March 2020. The PAT of both entities is projected to be 64b.

The analysis was done using 2018 financials of both company. Going by that financials, CCNN is not more profitable than OBU. Infact EPS of OBU is N1,465 in 2018 compared to CCNN of 0.44k.

OBU is not acquiring CCNN. They are both owned by the same person. They are simply merging the two together. The price was calculated from the cumulative figures after the merger

For those looking for analysis of CCNN and Obi merger, you can peruse below:

We recently received the scheme of merger document showing details of the proposed merger between CCNN and sister company, OBU Cement (“OBU”), as announced in late October. The merger entails absorption of all CCNN’s assets, liabilities and undertakings by OBU Cement and consequently a delisting of CCNN’s shares from the Nigerian Stock Exchange (NSE) on January 8th, 2020 and listing of the enlarged entity on same day. Upon conclusion of the merger, existing OBU and CCNN shareholders will hold 61.2% and 38.8% of the enlarged OBU which will have total of 33.8 billion shares. For context, pre-merger, OBU held 40 million units of shares (100% held by BUA Group) which is being reconstructed in a 1-for-518 exchange ratio and increased to 20.7 billion units, while CCNN’s 13.1 billion shares, was included in the enlarged entity on a 1-for-1 exchange ratio.

Going by the valuation provided in the scheme document (See here: CCNN_Obu Scheme Document), the additional shares to be created by OBU to integrate all shareholders of CCNN, is valued at N460,022,533,810. This translates to a per share valuation of N35, which is at a premium to CCNN’s current 9M 19 BVPS of N25.6 and market price of N16.4. The merger consideration is at a 74% premium to our FVE of N20.14 for CCNN. At the end of the merger the equity value of the enlarged entity will settle at N1.2 trillion.

Unlike the previous merger of CCNN and Kalambaina, we see some value accretion for existing CCNN shareholders from the merger. Combining the published FY 18 numbers of both CCNN and OBU (which is yet to reflect the additional 3 MT launched in November 2018) and also adjusting for the increase in the enlarged entity shares to 33.9 billion, we note that the combined entity’s earnings per share and ROE would have settled at N1.90 and 15% respectively (excluding the impact of prior years’ cumulative tax benefit of OBU in 2018, EPS and ROE would have been N0.80 and 6.5% respectively), compared to reported N0.44 and 2% respectively by CCNN. However, the higher EPS and ROE are still below the respective level reported by CCNN as a standalone business in 2017 of N2.57 and 22%.

Table 1: Key Financials Pre and Post-merger

Upon conclusion of the merger, total production capacity of the enlarged entity will increase to 8MT, comprising CCNN’s 2MT plant in Sokoto and OBU’s 6MT in Okpella, both of which include new 1.5 MT and 3MT which came on bard late 2018, respectively. Based on CCNN’s price per ton, we estimate that both entities produced 2.8MT in 2018 which translates to a utilization rate of 80% – CCNN on an adjusted basis: 59% and OBU: 68% on 3MT. Interestingly, reflecting the improved energy source at CCNN (now largely coal) starting Q2 2018 and a largely gas powered plant in OBU, by our estimate, the enlarged entity’s gross margin of 51% inches closer to DANGCEM’s leading margin of 57.5% and above Lafarge Africa’s of 31% (Ex-South Africa).

Nobody wan sell Chams again?

PETERiCHY:
We loaded the above FBNH bus on Sept 6th 2019 when it was trading @N4:30/N4:40. Afterwards some bad mouth it with NPL bla bla bla some even said they can't buy for N2

Today it touched N7:85 Our passengers are happy and the ministry is moving forward

Guilty as charged. We only stated the facts but facts it seems don't move a market.

Although I later bought at N5.6

owolabi5:
Someone predicted #1.00 bus stop

Wonders can happen here

Watch this space!

Ha! that's too high o

https://thenationonlineng.net/court-bars-22-banks-from-accepting-mastercard-transactions/

Chams' momentum getting stronger

Mcy56:
You mean 17.60? Cos its closer to 18.60 already. Its 18.75 now.

Is it likely to get to N40 with this momentum? Bought at N33 and looking for opportunity to jump off...

I meant to ask about FO not Zenith

https://www.proshareng.com/news/Data---Financial-Inclusion/NIMC---Court-Stops-Issuing-of-National-I/48056

Chams about to get their pay from treacherous Mastercard?

onegentleguy:
It's October Two-Nine- my Born day.
...its yet another year !!
A big +1 for me- small me !!

Thank GOD for his gift of LIFE and MERCIES... for without him, I am nothing !!

Happy birthday boss. More knowledge to your medula and more ink to your pen

locodemy:
If you have been following you,you will know his people are laying hands on it base on this latest result.

Meaning they have seen it already. insider things

Any news on Courtvielle? Why so much bid?

onegentleguy:
Not much is known about the acquired coy(ADSWITCH NIG PLC) except for the fact its a company that manufactures and markets industrial and consumer switchgears.
The company was however delisted from the exchange sometime in May, 2016.
Prior to then, the company was a struggling one.

As for the acquirer firm (CUTIX), the recent script issue brought about some dilution that pilled up pressure on profitability.(EM and ROE in view)
...and this proposal will likely add to that pressure(more dilution in view)
Given citix' most recent financial print, it looks like a plus that will help broaden their bottom line. ...however, impact on top line will depend on what plans management have in place.

On paper, it looks like a good deal.
However, i'll prefer to be cautiously optimistic.

Bottom line: There are better deals to permute from market.

Boss thanks for this info. I already have cutix shares. Was trying to know which direction to take

According to Cutix's announcement, they are planning to acquire adswitch plc. Gurus in the house what is the impact of the news on both companies' share price?

UBA dividend don land o

I remember Stcool mentioned a management reshuffle in Chams. Confirmed it with the replacement of the MD with a young fin-tech guy. I would like to know what their new business direction, goal and strategy is? Any info on this will be welcomed.

swilo:
Remove ya eyes from the 11.

At this rate, by year end, it should be USD 11,000,534.

What am I doing on nairaland sef?

The figures are damn impressive.

I wish that was my account.

swilo:
If u see Fbnh @2 will u buy?

Sure. Last last they will be acquired

meshpips:
Okay, 30 - day project over!

Where is my buddy @northeastern, I have got RESULTS for you.

Next time, please don't push me into doing such again okay?

My eyes must be seeing double? You grew $500 deposit to $11,000?