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.

BullBearMkt:

...JIJO is easier on NSE than NYSE or NASDAQ. Swing trading is much beta

Ok.

OakPearl:
Who else is trading NYSE stocks?
Looking for TA on stocks listed there for jijo.
Thanks in advance.

Cc: BullBearMkt
Cc: DeRuggedProf
Cc: RabidOracle
Cc: fxuser
Cc: CP

Which platform do you use to trade NYSE in Nigeria please?

jideflash:
Dangote Flour Alert just entered. , surprisingly, i had sold my dang flour since and none showed in CSCS reports. Hmm, means that some bonus issued didnt reflect.

Dangflour never gave any bonus since IPO.

They person that bought from you must have bought Baboon instead of Monkey

BTW, was the qualification date ever announced?

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?

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/

Investors Snub CBN's OMO Auction Thursday
https://businesspost.ng/economy/investors-snub-cbns-omo-auction-thursday/

Unlisted Securities Market Closes Flat Amid Rise in Volume of Trades
https://businesspost.ng/economy/unlisted-securities-market-closes-flat-amid-rise-in-volume-of-trades/

Naira Appreciates to N306.90/$ at Interbank
https://businesspost.ng/economy/naira-appreciates-to-n306-90-at-interbank/

Prices of Oil Rise Thursday as US-China Agree to Lift Tariffs
https://businesspost.ng/economy/prices-of-oil-rise-thursday-as-us-china-agree-to-lift-tariffs/

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.

Calebbold:


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.

CCNN may undergo share reconstruction later

Bears Snatch N17bn from Stock Market Investors on Thursday
https://businesspost.ng/economy/bears-snatch-n17bn-from-stock-market-investors-on-thursday/

MARKET UPDATE CLOSE OF BUSINESS 7 NOVEMBER 2019

Loss for the week is currently 0.40% with the loss for the year at 16.68%.

The weekly support of 26237.21 has been broken!!! The bear is likely to have closed the border for the week, probably for the year to prevent the bull from coming in. We are not interested in the bear going to the next level?

Thank God many of us are already saying enough is enough of making loses, if NSE fails to perform, we can move to other parts of the word via Chaka and others .

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

Uchetoba:
CCNN may undergo share reconstruction later

You never finish ur uacn research? Bring out the numbers let's see na.
Make we know the way

gamaliel9:


Which platform do you use to trade NYSE in Nigeria please?

Trove.

MSCI CONFIRMED TO HAVE EXITED GUINNESS NIGERIA

The portfolio for MSCI Nigeria this morning on Morningstar.com showed that Guinness Nigeria is no more in the list .

Earlier indication was from MSCI website as at yesterday.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

MSCI FRESH ACTION FOR 7 NOVEMBER 2019

MSCI Nigeria is back in the market. But doing more selling than buying. For buying list; NBL, Larfage, OANDO. Selling side: UBA, Access, GTB, Dangcem, Nestle

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

phemmie06:
Big sis what is the number of Unilever. Even at the current price does the EPS correlate with the price?

Big bros you're asking the wrong person o, pls direct this to the ogas on top.

Calebbold:


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.

I no longer engage in complex mathematics.
Oracle's principle of DY has cast all my analytical burdens on every company's management....
Cant allow cement dust to further weaken my aging eyes...
Hope has never being a rewarding strategy, how then can ENDLESS HOPE be?
If hope was worth it in the stock market, I would have been a multi-billionaire from IEI, JAPAUL, UNION HOMES etc etc...
I now look after my cash like my kids.
I am still nursing some wounded cash like a spouse....
Those who have teeth can price bones, I can only help them with firewood....

yok:
MSCI FRESH ACTION FOR 7 NOVEMBER 2019

MSCI Nigeria is back in the market. But doing more selling than buying. For buying list; NBL, Larfage, OANDO. Selling side: UBA, Access, GTB, Dangcem, Nestle

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

MSCI is good at RIDDLES....

Mpeace:
You never finish ur uacn research? Bring out the numbers let's see na.
Make we know the way

The research has long been concluded but I'm still await for the price to go down so that I can average down very well (this means I have not bought enough). Don't worry as soon as I get the quantity that I need the numbers will fly.

yok:
MSCI CONFIRMED TO HAVE EXITED GUINNESS NIGERIA .

Only Access, Sterling and Wapco are green on their table. No be small thing.

Coolcash1:
I need TA help on Wapco

@fxuser, @bullbearmkt @currentprice

Gents, i still await your revert on the above request.

Quick clarification

Is BUA Cement and OBU Cement same company?

Gtb is at it with its magic again. 28.50 now.
Those who bought at 24,90 will be sitting on profit in a short time. This market self.
The thing is, how many people were brave enough to pick at that price?
Peter, dont come and tell us you bought at that junction o, your junction is circa 16.

GT dragging Zee up. I hope some guys wouldnt come and dump later again.

Uchetoba:
The research has long been concluded but I'm still await for the price to go down so that I can average down very well (this means I have not bought enough). Don't worry as soon as I get the quantity that I need the numbers will fly.

Don't be.selfish na, bring forth the.numbers na,abi.research didn't produce numbers?.

Mcy56:
GT dragging Zee up. I hope some guys wouldnt come and dump later again.

Every good stock will get its time.
There is an entity selling Zenith at N17, until they are done offloading........

I dont no ooooo. My broker could not get Zee yesterday. All this selling down could be professional just to keep

the price down until they have done with buying. The marging between BId/offer in Zee yesterday is notting to worry about.

pluto09:



Every good stock will get its time.
There is an entity selling Zenith at N17, until they are done offloading........

Coolcash1:


Gents, i still await your revert on the above request.

TA doesnt look good on wapco but FA does

price is below 50 MA on all tf except weekly. price below cloud as well. this indicate bearish trend

support @ 11.50

pluto09:
Every good stock will get its time. There is an entity selling Zenith at N17, until they are done offloading........

So also gtb. Think its MSCI and maybe another entity that sold and caused crash in its price before now.

sellydion:

I dont no ooooo. My broker could not get Zee yesterday. All this selling down could be professional just to keep

the price down until they have done with buying. The marging between BId/offer in Zee yesterday is notting to worry about.

una never see anything. And try and place what you have on sale and see the speed at which they will buy them.

We know what they are doing.

sellydion:

I dont no ooooo. My broker could not get Zee yesterday. All this selling down could be professional just to keep

the price down until they have done with buying. The marging between BId/offer in Zee yesterday is notting to worry about.

I don't believe in all those conspiracy theory of someone selling or buying to keep price down.
Zenith is a good stock at current price, people who think otherwise are free to sell. That is the beauty of free market.

Mcy56:
Gtb is at it with its magic again. 28.50 now.
Those who bought at 24,90 will be sitting on profit in a short time. This market self.
The thing is, how many people were brave enough to pick at that price?
Peter, dont come and tell us you bought at that junction o, your junction is circa 16.

Ma, are you saying it requires bravery to buy gtb at 24.50? You probably don't know the behaviour and tradition of the stock.
Even at the present price of 28.50, if you are not already in the bus, you still have a great opportunity to enter, or buy for now. Making money in nsepa no be joke o.

Nairalanders, gtb moved yesterday from 26 to 28 this morning. Even if it retreats back to 25, or even 20, i dont consider it an issue. Stock trading is for large minds. I still got zenith at 17 naira this morning. Great.