Olam is listing? any link.

Toluway:
Earnestly waiting for Olam's Crown Flourmills listing in nsem.
CCNN ordinary shares of #50, come February next year.

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.

Heishere:


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

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

40m at N1 per share of OBU gave rise to this N1,465. This has been restructured to 20.1b. This will translate to N2.93 per share. I am surprised at this until I see the financials.

Heishere:


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

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.

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..

Both should be long term for anyone that is ready to wait.

Witches:



Lafarge and ETI which would you go for ?

Oga OGG, unfortunately, I do not play too many stocks. I must however commend your tips for others to benefit. Lafarge Wapco is good for anyone to begin to accumulate now.

onegentleguy:


What u need is to understand how to see the GOOD in a BAD financial print(result), and the BAD in a GOOD result !!
...that was the guide I gave with this;

When u see a bad result reveal clear signs of accelerating REWARD compared to decelerating surrounding RISK and feasible MoS return runs ahead of the match of price against FVE, run in and ask questions later !!

Alternatively, when u see a good result reveal signs of decelerating REWARD when benchmarked with surrounding risk while price runs faster than the match of feasible MoS return against FVE, run with ur two legs touching ur head !!

...for that's how to MATCH inherent RISK to feasible REWARD and reap from any drive for VALUE(ROI in view)

Salah

Who approved the price for them? SEC, NSE, Stockbrokers, Advisers to the listing. VETIVA and FBN QUEST

Mcy56:

62.5 for Notore was a listing price not the handiwork of analysts.
Do people even remember its existing on the exchange self? Dem go delist las las ni, including sky aviation.

The market is weak oooo. Low volume everywhere. CHAMS leading the volume and GTbank leading the value with just N70m

Those analysts are sometimes ridiculous in their projections. NOTORE comes to mind. Listed at N62.50

Mcy56:

Sir, you've been away for a long term.
UACN that was given a fair price of N96 by ARM analysts, looking at a period of 5yrs.
UACN is still on hold/buy region as well..........according to our analysts here.

or full offer.

Princkez:
it might still close on bid

Oga OGG or Madam MCY alone can determine the movement of this stock. if Oga Loco enter this one, the whole NSE will believe that Bulls are back. The price fit reach N30 per share

Princkez:
bids are back at .40k

It was the decision to cancel that useless foreign loan that seems to have given Wapco a little reprieve. I believe that the transaction should be investigated and appropriate sanctions given if anyone is found culpable. Anyone keying into this will have to be very patient.

onegentleguy:
Similar to NEIMITH, by the time some folks will see what we've seeing in UACN, the price of the coy would've nearly doubled !!
Some people are looking at and interpretating the result as bad, but fail to properly ALIGN inherent RISK to feasible REWARD.
Like I told some persons the other day;

"I know of a man who was 'drowned in the vicissitudes of the stock market'. ...his pathways was built around the PAST than the future.
...until the PRESENT left him behind !!"
~Sinclair

I did mention a similar line when I highlighted that people should ACCUMULATE/key into WAPCO at the time it was trading for N9 before the run up to N16(it still will exceed that price)

We are here !!

Enough said.

opportunity for JIJOst to make money. Bid at 39k and exit at 46k

Mcy56:

Offer available now

Thanks Boss. The stocks that give this magical returns are hardly available when the journey starts. You do not want to be trapped in this type of bus. The audited account of the company is being expected latest Dec 31, 2019. The Q3 is nothing to be optimistic about. Maybe there is impending news ahead. I do not want to be caught in a bus like this.

onegentleguy:


Salah

Are my eyes deceiving me? Is this suppose to be N9.60 [quote author=onegentleguy post=84386105]

UAC Nigeria Plc - Old things have passed away…

"In this report, we resume coverage on UACN with a target price of N96 which translates to a BUY rating at current price.

As at September 2019,

Borrowings of Oando stood at N220.06bThis is inclusive of lease liabilities
Trade and other payables stood at N275b
Intangible assets at N430.8b
Negative retained earnings at N118b
Trade receivables at N113.8b

From the revenue side

Finance cost at N34b
PBT was a loss of N9b

What are the assets left with Oando Group and how much of these assets are owned by Oando shareholders.

This is a stock that should be avoided like a plague. The company is not an operator in any of its Oil assets because they do not have the competence to manage such. The Gas business is gone, the downstream marketing business is gone too. The upstream ownership is too complex and you wonder what portion of this belongs to Oando.

The company is a testimony of how not to run a company. Will people make money in the short term, YES but will it end in tears or joy. They will come back and tell us the stories when it is time.

Good morning house. A blessed day to everyone. Amen

Chibuking81:


How did they pay their debt? By selling most of their subsidiaries and their assets, not mainly from their gain. Anyway it's good to settle their debt, but in raising fresh money will be in the way of right issue, and will neutralize their price the more immediately after the offer, because the number of their outstanding share will rise.

Their debt is still huge 300 million dollar.
300 million dollar is equivalent to 108,750,000,000.00 Nigerian Naira ( one hundred and eight billion, seven hundred and fifty million naira)

The JIJo sef is a risk.

Coolcash1:
It’s only a fool that will invest in Oando for long term...It’s only good for jijo...

Oando is interesting some people. Quick gains and you lose your shirt trousers and underwear. Diamond Dangote Flour etc. Oando that has not assets again.

whatever upswing in price Oando experiences is just a fluke.

You are right. I will not go and sleep. I am watching and I will be watching.

Valueinvestor:

They fit do N3/4 sef depending on how patient you may be.

locodemy:


Once you sight cash(oxygen) in a company financials,there is no point watching your back carefully.Just accumulate with all strength.

If fide/fcmb can do 2.50 and wapco 17,I will cash out fide/fcmb for Wapco at 17.Ready to go 100% Wapco(portfolio) before financial year end.

E go pooo and e go vomit.

Zenith is not for you Sir. From experience, Zenith has a holding period of say 2 to 3 years depending on the flow of the market. If you have done Treasury Bills of 365 days before at 16%. I do not think one will lose sleep if you see Zenith at a dividend yield of 14-15%.

lancee:



Like 3/4 months sir

Oga Peter owns all the stocks that are doing well on the NSE.

leo1234:


Peter is here to distract people.
The guy adds no value to this thread.
Imagine chairman of union diagnostics and oando mocking zenith bank.

What's your holding period?

lancee:



I taya for this Zee , thinkin of reducing my stake ...b4 my strategy was my profit must be same or more than the div expecting ..Got in at 17.70 my profit not up to the div expecting..other zee account na 19.80 @ small loss

I go see how next week will be like .. Maybe I fit pump more to fcmb /fidel

If I have cash, I will just be buying PZ and Unilever and be waiting for the big news

Oga Loco, it is not every time one will be in the market oooo. Your big hit in some stocks have managed to cover up for you but it is not everytime one is lucky in the stock market oooo. Just watch your back carefully.

locodemy:



I held zenith for 2.5 years.If not dividend,I for loose heavily.Others can continue to hold,For Loco,I don port not to come back again.Looking the way of Wapco,wapco,wapco and wapco.......

The reason why someone will have only a stock like Zenith, Gtbank, Uba, Dangote Cement etc in their portfolio is simple. Stock investment is not guesswork, it requires weeks, sometimes months of deep study and you want to get in at the right time and price. Please do not also forget that we all have different reasons why we invest in the market. If you have mastered the art of being patient when you see a stock that has 15 to 20% dividend yield and you can ride it out for the next 12 or 18 or even 24months. Why will you bother wasting time jumping up and down? I remember once that I entered Zenith at N13 and I believed that it was destined for above N30. It eventually hit N34 but I sold out too early. If I have N100m today. I am just going to put it just on 1 stock. And it is Zenith Bank.

Valueinvestor:

But y would someone have only zenith bank in their portfolio.For those with a concentrated portfolio with the only zenith bank,yes they should be worried,but for those with a well diversified/balanced portfolio, the joy of other stocks doing well will surely overwhelm that of lagging zenith.Zenithbank time will surely come, cos WINNERS ROTATE

He should not sell ooooo. Let him ride with the news. A foreign investor might have bought into the company.

PETERiCHY:


Better SELL now that the OVATION is LOUDEST 2moro might be LATE!

What is the volume behind Cornerstone? 4m units even at N1 is just N4m. What is fantastic about the Q3 results? Please remember that this company sold assets of late.
http://www.nse.com.ng/Financial_NewsDocs/28023_CORNERSTONE_INSURANCE_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

jideflash:
please o. whats going on with Cornerstone Insurance. Now selling at 84kobo, from 20kobo in september
thats a whopping 320% increase.

Can someone start pushing Sovereign Trust Insurance like that.

no cash came in from the sales look.

currentprice:


dividend is very possible. the stock is going places. too much cash sitting on d table, cash i mean was not part of the 90b proceed from subsidiary sales o. i dont factors this into my computation since it discontinue

look at d way the company reduce their debt c bring reduction of about 20b on financial cost for Q3.

Check d inventories, debtors and creditors

check their solvency ratios too. u know what this mean

using cash available to determine eps alone,, it above N6 far more than 1.28 eps decleared

note: i have no wpaco yet but planning to BUY

I believe it will be more available to trade as soon as UPDC Reits is unbundled. You can only buy it if your stockbroker is licenced to trade on the NASD securities. It is one of the cheapest stock on the exchange as at now. The sole reason why I opened a trading account with United Capital Securities Ltd.

emmanuelewumi:



I bought more units of UPDC REIT at N4.05k, they paid a dividends of 58k about 2 weeks ago.

Dangote cement is a good stock. I do not know your waiting time. You can hold for 3 to 6 months and you will not regret.

Biafran4life:
My oga I won't have posted figure.To God be the glory it was part of dangota floor I wanted to reinvest ,it is not a show off.I had planned TB but the cash came when the TB was no longer what it was.I once did for 18 percent