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In: Market Analysis
27 May 2008Everyday as I research the mutual funds in Nigeria, I always discover something new. If anyone knows of any mutual funds, please email the names to me. I am trying to prepare some sort of documentation on the different mutual funds. One of my main concerns is the lack of any form of regulation on [...]
Below is the breakdown of the share allottment for the Costain Public Offer. As has become the norm now, the offer was oversubscribed. Share Range % Allotted 1000 – 2500 100% 2501 – 5000 35% 5001 – 7500 32% 7501 – 10000 28% 10001 – 20000 25% 20001 – 50000 22% 50001 – 100000 18% [...]
Below are the weekly stock reports prepared by TRW Stockbrokers and FSDH Securities. Also attached is the Monthly Economic Report prepared by Lead Capital.
In: Market Analysis|News
23 May 2008I have been trying unsuccessfully for the past 2 weeks to get copies of the prospectus for the 3 Zenith Mutual Funds. After sending an email to the company, copies of all 3 prospectuses were emailed. I have been able to attach the Equity Fund prospectus. Because of the size of the files and the [...]
Here are the main news headlines for today: C&I Leasing to raise share capital: C&I Leasing passed resolution during their extra-ordinary general meeting to increase the company’s share capital by 50% from N1billion to N1.5billion by creating additional 1 billion ordinary shares at 50K each. So I guess they might be returning to the market [...]
Results for Interlinked Technologies, NASCON, and Nigerian Enamelware PLC. INTERLINKED TECHNOLOGY PLC: UNAUDITED HALF-YEAR RESULT ENDED 31 DECEMBER 2007. 2007 2006 TURNOVER N67.9m N27.0m PBT N26.4m N1.8m TAX N5.5m N0.569m PAT N20.9m N1.2m NATIONAL SALT COMPANY OF NIGERIA PLC: AUDITED ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 2007. 2007 2006 TURNOVER N6.3b N13.4m PBT N1.8b [...]
In: Market Analysis
22 May 2008Here is a great article by Godfrey Obioma on the why you should own insurance stocks: Why insurance stocks should be your long term choice by GODFREY OBIOMA An investor who had taken positions in insurance stocks early in 2007 and sold them late in the year or even early this year made a harvest [...]
In: Market Analysis
22 May 2008Proshare NG has a great report on the Implications of the Share Price Movement Rule that was just effected by the Nigeria Stock Exchange (NSE). The main point of the rule is that a trade of at least 100,000 units of a stock is required to be able to move a stock price. Here is [...]
Proshare NG reports that Reliance Alliance Insurance will be listing its shares soon. Here is the report: Regency Alliance to list 4.8 billion shares Regency Alliance Insurance Plc has received the approval of the Securities and Exchange Commission and the Nigerian Stock Exchange to list 4.8 billion ordinary shares of 50 kobo each at N1.75 [...]
Attached is FSDH Securities’ analysis of Dangote Sugar for the first quarter. Here are the highlights: 4% growth in turnover from N20.063billion to N20.9billion 24.7% growth in profit before tax to N8.93billion from N7.15billion 24.63% growth in profit after tax to N6.69billion from N5.36billion Reduction in cost as percentage of business Decrease in cost of [...]
In: Market Analysis|News
20 May 2008Analysis of the Zenith Bank Q3 Results and UBA’s Q2 Results by FSDH Securities .
In: News
20 May 2008Access Bank recently announced the acquisition of 3 banks in Congo, Cote D’Ivoire, and Rwanda. Below is the press release: Access Acquires Omnifinance Bank, Bancor Bank, Banque Privée Access Bank Plc is pleased to announce that following all required approvals, it has completed the acquisition of three commercial banks operating in Cote d’Ivoire, Rwanda and [...]
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