PZ and Unilever:
Getting attention today. Some huge crossings going on in Unilever at 16.05, PZ may soon follow suit, almost full bid now.

Mbenefit - observation:
Getting attention today.
Yet to deliver value since rights issue was concluded. Maybe time is approaching. Just observation.

I just saw a bullion van loaded cash going to customs street.

Fcmb result will land within 48hrs.

mendes911:
As your colleague don enter nko, what's your advice? Help am move the ministry small.

Call Peterichy nah.

Access loading at 9naira junction. Will the driver move the bus thereafter? We are observing......

Uchetoba:
Good morning all

There is need for us to return to the discussion about CCNN merger with Obu Cement I will not like us to miss out

CCNN is will be delisted and Obu will be listed on 8th January 2020

The publications so far are not very clear as to how much the listing price of Obu will be but they are pointing towards N35.11

Like I said earlier I don't think it's a bad Idea to buy CCNN @ its current price and sell on 8th January .........

There is no co-relation between listing price and how good a stock is or will do. Remeber C&I Leasing and Notore?

[quote author=locodemy post=84439961]I just saw a bullion van loaded cash going to customs street.



They are still trying to allocate the funds today to diff departments of stocks

Pumpin up the selling/buying vol

locodemy:
Yesterday,I placed Uacn on sale at 7.30 and today I am off completely at 7.40 and some sold at 7.45.

I have my cash resting at trading acct.
Tomorrow,I will make a choice on the two stocks I feel is good to replace Uacn in my portfolio.

The main interest in stocks is SOLELY making money and nothing else.

This time around you MISFIRED .

UACN successfully raised N16.4billion via right issue at N16 per share which was just enlisted in March 2018.

With the latest UNBUNDLING of UACN ,UPDC and REITS. there are more VALUE to UNLOCK come APRIL 2020.

For instance if you have 1million units of UACN you will be ENTILLED to roughly 600k units of UPDC and roughly 300kunits of REITS.

At this stage UACN doesn't fit in as a JIJO STOCK but a STOCK but a stock that will give HUGE CAPITAL APPRECIATION cum DIVIDENDS.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

https://investadvocate.com.ng/2018/03/07/uacn-lists-960-4m-rights-shares/

[quote author=lancee post=84443405][/quote]
I am not intrested in how good they do later. Mine is to accumulate CCNN @ 17.10 or thereabout now and selling @ 35.11 on 8th January when Obu is listed..

PETERiCHY:


This time around you MISFIRED .

UACN successfully raised N16.4billion via right issue at N16 per share which was just enlisted in March 2018.

With the latest UNBUNDLING of UACN ,UPDC and REITS. there are more VALUE to UNLOCK come APRIL 2020.

For instance if you have 1million units of UACN you will be ENTILLED to roughly 600k units of UPDC and roughly 300kunits of REITS.

At this stage UACN doesn't fit in as a JIJO STOCK but a STOCK but a stock that will give HUGE CAPITAL APPRECIATION cum DIVIDENDS.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

https://investadvocate.com.ng/2018/03/07/uacn-lists-960-4m-rights-shares/

I am not a greedy type.You can taste the waters.

locodemy:
I am not a greedy type.You can taste the waters.

Loco, try and buy some units back and just keep for long term, the long might not even be long afterall.
Eyes are on UACN now.

Uchetoba:

I am not intrested in how good they do later. Mine is to accumulate CCNN @ 17.10 or thereabout now and selling @ 35.11 on 8th January when Obu is listed..

Are you sure you will find a buyer at that price? If you have done your due diligence and you're satisfied with your findings, go ahead.

Mcy56:

Loco, try and buy some units back and just keep for long term, the long might not even be long afterall.
Eyes are on UACN now.

The man has sold, you guys should kuku let him be.

333 once sold his Flourmills at around #35 and he was almost crucified then by some members......

mendes911:
The man has sold, you guys should kuku let him be.
333 once sold his Flourmills at around #35 and he was almost crucified then by some members......

Hhmmm. Loco no vex. Please 'be'.

BTW, bull sighted today. We hope it continue to stay till December ending.

Access, most outstanding coy in sustainability in Africa
https://dailypost.ng/2019/11/28/access-bank-named-most-outstanding-company-in-sustainability-in-africa/amp/

stockbull:
Nigerian stock exchange market alert,
Daily market report,capitalization,index,cscs,today report.
If you are investor in the Nigeria stock exchange market and you are active investor , follow this thread as I will be posting stocks that would make significant gains and the time limit based on my perspective.
You want to alert your friends,share and bookmark this topic,copy the link below

http://rs.gs/VU8

please read my disclaimer that's effective on any stock pick recommendation you get here
DISCLAIMER
YOU SHOULD CONSULT YOUR TRUSTED INVESTING COUNSELLOR OR YOUR BROKER BEFORE YOU INVEST IN MY RECOMMENDED STOCKS AS YOU KNOW STOCKS RESPOND TO NEWS AND NO ONE CAN PREDICT WHAT WILL HAPPEN TO ANY STOCK IN THE NEXT DAY AND THE FUTURE DECISION OF ANY COMPANY 'S MANAGEMENT

please I want you to put me through on stock exchange, I am a novice

Mcy56:

Loco, try and buy some units back and just keep for long term, the long might not even be long afterall.
Eyes are on UACN now.

I have checked your comments for a whole now and I see u have some knowledge about stock exchange, can u please put me through I am a novice.

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

Uchetoba:

I am not intrested in how good they do later. Mine is to accumulate CCNN @ 17.10 or thereabout now and selling @ 35.11 on 8th January when Obu is listed..

rebekah2011:
Cement Company of Northern Nigeria (CCNN) and Obu Cement Company Plc (Obu) have released a scheme of merger document for their impending business combination (click here to view document). 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

Yayira, oya leave oil come oh, your food don done.

Mcy56:

Loco, try and buy some units back and just keep for long term, the long might not even be long afterall.
Eyes are on UACN now.

Mcy,I have sold the stock as the spirit led me.
I made a good profit based on the quantity I bought and I met my exit target.

I saw another opportunity in Honeywell.I set my exit target before I started bidding at a limit price.I got not much units but good units at 1.02 and 1.03.Now it's 1.06.The bids were stronger today and I stopped because it's already 1.06.

My priciples is not to hold non oxygen stocks for more than 15% returns especially now I have the tools to trade stocks on my own without Analog broker interference

Btw,I have these oxygen stocks waiting to strike at the right time(fcmb, Fidelity and Wapco)

rebekah2011:
Cement Company of Northern Nigeria (CCNN) and Obu Cement Company Plc (Obu) have released a scheme of merger document for their impending business combination (click here to view document). 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

Brazil will play this match well and Nigeria will finally win.

I and my wapco sitting at one corner waiting to strike two goals......

OLAJADON:
I have checked your comments for a whole now and I see u have some knowledge about stock exchange, can u please put me through I am a novice.

My dear it's idea I have.
You;ll have to go to the first pages of this thread and read so you can get a grasp of what investing in Stocks is all about.
Thereafter, you'll open a trading account with a stockbroker , fund it and start trading. Morgan Capital recommended.
Always feel free to ask questions on what you dont understand here.
Dont be too forward or take rash decision, read financial/investment books and always follow this thread..........and, you are good to go.

Mcy56:
Access, most outstanding coy in sustainability in Africa
https://dailypost.ng/2019/11/28/access-bank-named-most-outstanding-company-in-sustainability-in-africa/amp/

Make we continue the support ..more media pumping
Access must deliver

locodemy:


I am not a greedy type.You can taste the waters.

Your case is like that of a man that was bitten by a bee, On another occasion he said a fly and started running

Let's wait till Dec 11th 2019 when the UACN board meeting will hold to propose their 2020 BUDGET afterwards come and see their EXECUTIVE JET in action.

I repeat BARGAIN HUNTERS BETTER DONT MISS OUT!

http://www.nse.com.ng/Financial_NewsDocs/28314_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_NOVEMBER_2019.pdf

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).

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. [quote author=Heishere post=84447814]

I will not be surprised if the price of Obu cement when it is listed comes down to N15. That valuation of N35 is a gimmick.

Heishere:
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).

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.

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

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

Stocks with new 52 week lows
Dangote cement #143.00k
Afromedia #0.34k

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 thn an OBU Cement. We await the final figures of the combined entities in March 2020. The PAT of both entities is projected to be 64b.

DC produces more than 30MT and the market values it at N2.4trillion.
WAPCO is 10MT and the market values it at N224billion.
OBU will be 8MT and they valued it at N1.2trillion.

When Obu is eventually listed,Mr market will place it where it belongs. That overvaluation can not stand for long.