₦airaland Forum

http://www.nse.com.ng/Financial_NewsDocs/30204_MOBIL_OIL_NIG_PLC._FINANCIAL_STATEMENTS_MAY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/30204_MOBIL_OIL_NIG_PLC._FINANCIAL_STATEMENTS_MAY_2020.pdf

825k

Mobil

http://www.nse.com.ng/Financial_NewsDocs/30209_DANGOTE_SUGAR_REFINERY_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdf
Dangote sugar

Captainrambo2:
The judiciary is our problem

The lawyers are part of our problem and it wasn't their fault cos they know the truth but our constitution that is so rigid

Who are you telling that, you don't need to comply with the law now just as your god father is a tyr-ant. When people who called themselves SAN never knew the implications of their action it is quite a shame

Uchetoba:
Is anyone experincing the same issue on the meritade? I tried to place an order but the symbols refused to come up.

Reverse is the case here má

rahjan:
Those people are an incompetent bunch. I regret not selling off at #23 when I had the chance. Your best bet is to get your broker involved and keep harassing the registrar with mails and follow up with calls.

Send them email, they are very responsive, it might be they don't have your specimen. I only sent them edividend mandate form on cutix through bank others were done by myself through mail.

ukay2:
A beg make una no mind me. ...

Oga locodemy. .....so mercilicious and bigass are the same person. ....nawaoooo

Hope mercylicious is doing well with her husband in Canada. ...as she said she was relocating then......or MMM finished her money for naija?

Aunty Myc56.....I think say na u still be the very mercylicious. ....just wanted to bring you out to clarify because people no believe say u are different from the Locodemy' Mercylicious ....

Oh I see don't worry Big Aunty go tell us the type of detective you be and also allocate your jurisdiction for you.

ukay2:
Please house how are our BNSITL

Tritri
Chibuking
Feelamong
Stockbull
Pa Ihedioramma
[b]Original Mercy. ..locodemy friend
[/b]

Hope we are hearing from them

Do we have fake mercy ni?

DeRuggedProf:
Z is respecting it's alphabetical position...

Chai so na zenith go reach the peak last

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/

Mcy56:
This Unilever might likely reach 17 or 18 the way its forming new low almost daily.
Checked their q3 xtyday, chai! It's far below expectation. Not their fault, the economy is not smiling at all.
If Q4 is much better, it will reward those that enter lower. Those interested should watch out for bottom here.

Big sis what is the number of Unilever. Even at the current price does the EPS correlate with the price?

locodemy:
Interim dividend?This must be joke.
Pray that the emergency meeting you are talking about is not about shares reconstructions.

Infact because of this emergency meeting which I never heard about.........I am selling off Transcorp.

Transcorp hotel is the one that is proposing dividend

Mcy56:
No single Nigerian/African among the board and they will still target our market shey? Dem try.

Na so we see am

http://www.nse.com.ng/Financial_NewsDocs/28184_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_NOVEMBER_2019.pdf

Dangote Flour Mills Plc – Scheme of Arrangement Becomes Effective

http://www.nse.com.ng/Financial_NewsDocs/28183_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_NOVEMBER_2019.pdf

New board entirely emerge as old things pass away

Mcy56:
Except you don't, or have not used the email as means of contact before, but in as much as you've done that, someone can always lay hands on it.

Thanks ma

Mcy56:
They get people's emails as third parties or affiliates. They're just looking for biz opportunity. My opinion anyway.

I thought as much but yet to understand how they got my mail, though I only read the mail as a passerby

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. May your hope in God become a tangible substance.

TraDeRR:
Sharks everywhere.. I have never sent an email to this people and I’m wondering how they got this new email address..

I also got same.

locodemy:
@daddytime,pls run away from meshpips.
Stories already heard does not approve him worthy on people's money.

Be warned.

Haba boss, if you know how Meshpips de look you now, just take a look he is not wishing you happy birthday.

This tire me ó, despite the heavy presence of military men in that area

GB2G:
I need help on United Securities Limited contacts ( phone numbers)to follow-up on my e-div process with them., the numbers on their website are not connecting. Thanks

They respond to mails also
+234 1 271 4566

Hope it is not an invitation for the herders into that state?

If Buhari's kinsmen enable you to have returns on your investment.

Hmmmmmm. You better they wire your money home small small or withdraw it from bank. Keep under your mattress if there's no law against it or better still get resident permit

No matter how mad a might be mad it will surely recognize his owner.. Tí ajá bá ń sí wín a mọ ojú olówó ẹ.. So EFCC no fit squeeze Tinubu. Yeye govt

It is a good idea but lo and behold it will be dead on arrival. All the rogues in the chamber are still eyeing that seat, so I believe you know what will happen.