mendes911:
39M bid....
Your Morgan is deceiving you again. LOL.

Mcy56:
Zee on the move. Holders continue with your silent prayers.
Next on line is FBNH.

lancee:
Be like say Zee don win the war today o , cldn't buy more... few mins to closing dey imp maybe last week fri bonaza fit show face
Either way still dey ok by me Access don juggle the weak hands

mendes911:

Zenith....

Buyers are still scared of that heavy duty seller.

LOL.

pluto09:


That heavy duty seller get plenty oo....
He should continue to sell to depress the price till next week

OakPearl:
This CCNN price movement in the first 15 mins of trading today clearly indicates dumping.

They will pump it up to offload intermitently until they complete their exit strategy.
Holders use your head.

RabbiDoracle:


You always buy high.

Now with your knowledge of TA, try and work on your entries.

mendes911:


LOL. You want to buy more. Make Mcy and her friend catch you there.

kryptem:
Bosses in the house, I just need some insights or reviews kind of.
I have read about Lead Capital Security and Investment Ltd. Has anyone had experience with them and their capabilities, reliability and effectiveness?

My intent is to use them for some Investments. Any insight?
Thanks!

RabbiDoracle:
Elastic bull.

Fasten your seatbelts!

PETERiCHY:
For those rushing ZenithBank just bear in mind it will still come down to N16 to refuel after Jim Ovia and his mercenaries are done with their Abracadabra that why we term it SHORT TERM PLAY.

*ThE OcToPuS*

mendes911:
CCNN - Full Offer.

Prof. Prof. You dumped this one wella on Mcy.

I twale!

OmalichaJesus:
Please don't ignore me please.

I'm new here, I'm totally lost and I'm very much interested in the stock market business.

Please I'll really be grateful if anyone or all of you put me through.
Please

OmalichaJesus:
Please don't ignore me please.

I'm new here, I'm totally lost and I'm very much interested in the stock market business.

Please I'll really be grateful if anyone or all of you put me through.
Please

mendes911:
CCNN - Full Offer. Prof. Prof. You dumped this one wella on Mcy. I twale!

Uchetoba:
I'm yet to understand this CCNN and Obu thing. Is Obu Cement going to be listed at 35.11 after CCNN is delisted on Jan 8 2020

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/

TraDeRR:
@ Omalicha open a trading account with Morgan Capital
Buy stocks from August to November
Sell at late January to early February
Good do T-bills then come back to nse in August again
After February make NSE no see your money.. no matter what limping bull comes around
Lock your money for T-bill throwaway the key

Uchetoba:
I'm yet to understand this CCNN and Obu thing. Is Obu Cement going to be listed at 35.11 after CCNN is delisted on Jan 8 2020

Mcy56:
Las las, UBA don dey "gbe body". Anyone with ginger drink abeg give am make e help it's ministry.

fxuser:
Wema
- also ready

#swing

lancee:
I hope so Mcy56 ..supposed dey 7.50 now .Lets hope enemies of progress won't bring it down to 6.60 last mins