cement company of northern nigeria CCNN

[maxogundu]

Hi All,

I bought CCNN shares while a corper (NYSC) at 1st Bank Plc Jos 2001 but have changed locations since then, and I'm now living abroad. Does any one know how I can trace or get my shares back? I remember receiving a letter about CCNN annual meeting years back but since then nothing?? Advice will be appreciated pls!

[DaInvestor]

Originally Posted by maxogundu

Hi All,

I bought CCNN shares while a corper (NYSC) at 1st Bank Plc Jos 2001 but have changed locations since then, and I'm now living abroad. Does any one know how I can trace or get my shares back? I remember receiving a letter about CCNN annual meeting years back but since then nothing?? Advice will be appreciated pls!

there are a lot of specifics u left out like have u gotten ur cert since u said u got a letter from them meaning u are already a shareholder so u were alloted shares in the company, when did u change this address and did u instruct the registrers, have u recieved any other correspondence from them like bonus or divivdend??? my advice to u is to give a letter of authority to someone in nigeria to go to the registrers office to verify ur position, there u will be able to get a new cert after following the process and ur stock position in the company. hope i ve been able to help. good luck

[hispy99]

CCCN UnAudited Results for Period Ended 3/31/2008
2008 2007 Change
Gross Earnings 2.19 2.53 -13.57
Production Cost 1.46 1.79 -18.45
PBT 0.446 0.404 10.24%
PAT 0.135 -0.018 840%

All figures in billions

[billions]

CEMENT COMPANY OF NORTHERN NIGERIA PLC
HALF YEAR AUDITED ACCOUNTS FOR THE PERIOD ENDED 30-06-2008
2008 2007 %CHANGE
TURNOVER N4.389b N4.572b (4)
PROFIT BEFORE TAXATION N725.151b N227.178b 219
TAXATION (N114.292b) (N38.000b) 200
PROFIT AFTER TAXATION N610.858b N189.178b 223
PROPOSED INTERIM DIVIDEND/SHARE 45KOBO CLOSURE
OF REGISTER 4TH TO 5TH SEPTEMBER 2008 PAYMENT
DATE 15TH SEPTEMBER 2008

[Babs_O]

"Copyright infringement"

[billions]

Cement Company of Northern Nigeria Plc today announced its result for the third quarter ended September 30, 2008. Turnover increased by 10% to close at N7.6 billion. PBT increased by 492% to N1 billion, while the PAT surged by 714% from N116.6 million of similar period for 2007 to close at N948.6 million for 2008.

[billions]

CEMENT COMPANY OF NORTHERN NIGERIA PLC
PERIOD ENDED 31ST DECEMBER 2008
2008 2007 %CHANGE
TURNOVER N9.878b N8.042b 23
PROFIT BEFORE TAXATION N1.680b N172.848m 872
TAXATION (N150.000m) (N34.184m) (338.80)
PROFIT AFTER TAXATION N1.530b N138.663m 1003.77
BALANCE SHEET INFORMATION FIXED ASSETS
N4.654b N4.016b 15.88
STOCK N2.423b N3.015b (19.63)
TRADE DEBTORS N716.707m N775.371m 7.57
CASH AND BANK BALANCES N399.701m N284.255m (40.61)
OTHER DEBIT BALANCES N596.872m N587.541m 1.59
TRADE CREDITS N2.499b N4.981b (49.82)
SHORT TERM BORROWINGS N1.091b N553.175m 97.37
OTHER CREDIT BALANCES N1.227b N435.118m 182.07
WORKING CAPITAL N506.183m (N911.631m)(155.53)
NET ASSETS N3.976b N3.148b 26.30
CORPORATE ACTIONS PROPOSED DIVIDEND 45KOBO AGM
APRIL 29, 2009 CLOSURE OF REGISTER APRIL 20TH TO 24TH 2009
PAYMENT DATE MAY 6TH 2009 AGM VENUE SOKOTO AT 11.00A.M

[yemo]

Just posted this in another thread due to 30day performance..

[hispy99]

The Share Price Of Cement Co. Of Northern Nigeria Plc Was Adjusted For A Dividend Payment Of 45kobo Per Share Today.

[zainabusman]

CEMENT COMPANY OF NORTHERN NIGERIA PLC
PERIOD ENDED 31ST MARCH 2009 FIRST QUARTER
FORECAST PROFIT AND LOSS ACCOUNTS INFORMATION
2009
TURNOVER N2.599b
COST OF SALES N1.488b
PROFIT AFTER TAXATION N268.114m

PERIOD ENDED 30TH JUNE 2009
FORECAST PROFIT AND LOSS ACCOUNT INFORMATION
2009
TURNOVER N3.120b
COST OF SALES N1.709b
PROFIT AFTER TAXATION N460.484m

[twentypercent]

Originally Posted by zainabusman

CEMENT COMPANY OF NORTHERN NIGERIA PLC
PERIOD ENDED 31ST MARCH 2009 FIRST QUARTER
FORECAST PROFIT AND LOSS ACCOUNTS INFORMATION
2009
TURNOVER N2.599b
COST OF SALES N1.488b
PROFIT AFTER TAXATION N268.114m

PERIOD ENDED 30TH JUNE 2009
FORECAST PROFIT AND LOSS ACCOUNT INFORMATION
2009
TURNOVER N3.120b
COST OF SALES N1.709b
PROFIT AFTER TAXATION N460.484m

I guess madam is trying her best to engender a bull run in the market, I will like to see how far this will go until they decide to douse it with Intercontinental banks expected tsunami write-off.

[zainabusman]

Originally Posted by twentypercent

I guess madam is trying her best to engender a bull run in the market, I will like to see how far this will go until they decide to douse it with Intercontinental banks expected tsunami write-off.

Tsunami?

CCNN is a company i am watching. I want to enter the cement sector. The poor dividend yield of WAPCO puts me off. BCC is enjoying rave reviews but since i am looking at DSR for future purchase, i dont want to over expose myself to Dangote group. This leaves CCNN and Ashaka.

On PE and Yield, CCNN appears to have an edge. But it does not have a history of good performance. Although the new partners have energised the company. Will it last? Definetely one to watch.

[blanka]

Anyone with a soft copy of the annual report for FYE '08 pls be kind enough to make it available...Thank you.

[hispy99]

Originally Posted by zainabusman

Tsunami?

CCNN is a company i am watching. I want to enter the cement sector. The poor dividend yield of WAPCO puts me off. BCC is enjoying rave reviews but since i am looking at DSR for future purchase, i dont want to over expose myself to Dangote group. This leaves CCNN and Ashaka.

On PE and Yield, CCNN appears to have an edge. But it does not have a history of good performance. Although the new partners have energised the company. Will it last? Definetely one to watch.

that makes two of us eyeing the stock...

[Gengen]

Originally Posted by zainabusman

Tsunami?

CCNN is a company i am watching. I want to enter the cement sector. The poor dividend yield of WAPCO puts me off. BCC is enjoying rave reviews but since i am looking at DSR for future purchase, i dont want to over expose myself to Dangote group. This leaves CCNN and Ashaka.

On PE and Yield, CCNN appears to have an edge. But it does not have a history of good performance. Although the new partners have energised the company. Will it last? Definetely one to watch.

Originally Posted by hispy99

that makes two of us eyeing the stock...

..... however, take poor liquidity of the stock into consideration.

[hispy99]

Originally Posted by Gengen

..... however, take poor liquidity of the stock into consideration.

you are correct...

[knightofdelta]

Originally Posted by hispy99

that makes two of us eyeing the stock...

I feel more comfortable with Ashaka cement.They have no debt and the smallest share float in the building sector (Lafarge has almost one third of outstanding shares). They have solid cash flows and have new machineries installed with the lowest cost of power generation in the building industry.

[zainabusman]

Originally Posted by knightofdelta

I feel more comfortable with Ashaka cement.They have no debt and the smallest share float in the building sector (Lafarge has almost one third of outstanding shares). They have solid cash flows and have new machineries installed with the lowest cost of power generation in the building industry.

Ashaka does not have the smallest float. They have 1.99 billion shares outstanding while CCNN has 1.242 billion shares outstanding after the rights. Lafarge has 50.2% in Ashaka. In the case of CCNN scancem (fgn partner) has 50.7%. Other major shareholders are Nasdal with 13% and Kebbi Govt with 5%. So CCNN has a much lower float.

In terms of power, the purpose of CCNN Rights issue was to address the power problem. The profit declared for 2008 was far ahead of the forecast in the rights issue circular. I use to have a few but sold so i got the rights circular.

Ashaka has had a good past. The present has not been that stellar. CCNN on the hand is having a good present. The main question is whether that is sustainable. The half year result which is due will throw more light.

[knightofdelta]

Originally Posted by zainabusman

Ashaka does not have the smallest float. They have 1.99 billion shares outstanding while CCNN has 1.242 billion shares outstanding after the rights. Lafarge has 50.2% in Ashaka. In the case of CCNN scancem (fgn partner) has 50.7%. Other major shareholders are Nasdal with 13% and Kebbi Govt with 5%. So CCNN has a much lower float.

In terms of power, the purpose of CCNN Rights issue was to address the power problem. The profit declared for 2008 was far ahead of the forecast in the rights issue circular. I use to have a few but sold so i got the rights circular.

Ashaka has had a good past. The present has not been that stellar. CCNN on the hand is having a good present. The main question is whether that is sustainable. The half year result which is due will throw more light.

I was not too sure of the shareholder structure of CCNN but forthcoming results will show which of the companies in the building sector has the best prospect. I believe that BCC may have an edge though but I can put my money in Ashaka Cement and go to sleep.

[zainabusman]

Originally Posted by Gengen

..... however, take poor liquidity of the stock into consideration.

Indeed. I dont usually take large positions in stocks that are not that liquid.