Archive for July, 2008

Analyst reports on Nigerian Breweries, UNILEVER, and NAHCO.

Here are highlights from CSL’s initial analysis of Starcomms PLC whose stock was recently listed.
1. Listed as a BUY for the long-term2. Believes that the management has a thorough understanding of the industry dynamics and as well as a clear growth strategy3. A mobile penetration of just 28% in Nigeria means that there [...]

This image provides a good description of the current state of the stock market. The stock market is around the same spot as it was last year. The stock market index in July 2007 was around 52000. It went on a long rising streak to as much as 66000 points. But the fall has been [...]

Weekly Market Reports From The Stockbrokers

Weekly report for the week ended July 25th, 2008

Must See TV

In: News

27 Jul 2008

Zenith Bank recently released their macro-economic outlook for the 2nd half of 2008.

The Central Bank of Nigeria (CBN) yesterday shifted the deadline for Banks to adopt a uniform accounting year end to December 2009. This according to CBN was in response to “irrational behavior” of some banks in their attempt to mobilize deposits. The direct impact of this announcement could at least ease the current strain in [...]

Results for Livestock Feeds, Flour Mills of Nigeria, National Sports Lottery, DN Meyer, Aso Savings and Loans, Presco, Interlinked Technologies, Royal Exchange and AG Leventis:

A.G LEVENTIS PLC

HALF-YEAR

2008

2008
2007

TURNOVER
N7.5B
N5.0B

PBT
N990.00M
N717.56M

TAX
(N316.8M)
(N229.61M)

PAT
N673.2M
N487.94M

ROYAL EXCHANGE PLC

HALF-YEAR

ENDED 30/06/08

2008
2007

TUNROVER
N2.0B
N1.65B

PBT
N116.71M
N88.51M

TAX
(N35.0M)
(N26.55M)

PAT
N81.69M
N61.95M

PRESCO PLC

HALF-YEAR ENDED 30/06/08

2008
2007

TUNROVER
N1.68B
N1.05B

PBT
N580.75M
N219.76M

TAX
(N15.67M)
(N8.39M)

PAT
N565.07M
N211.36M

INTERLINKED TECHNOLOGIES PLC

3RD QUARTER ENDED 30/03/08

2008
2007

TUNROVER
N120.45M
N76.55M

PBT
N38.15M
N2.65M

TAX
(N7.5M)
(N0.345M)

PAT
N30.65M
N2.31M

ASO SAVINGS & LOANS PLC

1ST QUARTER ENDED 30/06/08

2008
2007

TUNROVER
N2.415M
N1.59M

PBT
N963.68M
N319.72M

TAX
(N289.1M)
(N95.9M)

PAT
N674.58M
N223.80M

NATIONAL SPORTS LOTTERY PLC

UNAUDITED RESULT FOR HALF YEAR ENDED [...]

Results for Deap Capital, Ellah Lakes, and Crusader Insurance:

DEAP CAPITAL MGT & TRUST PLC

UNAUDITED
RESULT FOR 3RD QUARTER ENDED 30-06-2008

2008
2007

TURNOVER
N1.194b
N418.485m

PBT
N736.745m
N201.646m

TAX
(N110.512m)
(N30.247m)

PAT
N626.233m
N171.399m

CRUSADER (NIGERIA) PLC

1ST QUARTER
UNAUDITED ACCOUNT FOR PERIOD ENDED 31ST MARCH 2008

2008
2007

TURNOVER
N1.158b
N757.248m

PBT
N52.441m
N227.006m

TAX
N34.909m
N30.954m

PAT
N485.532m
N196.052m

ELLAH LAKES PLC

3RD QUARTER
UNAUDITED ACCOUNT FOR THE PERIOD ENDED 30TH APRIL 2008

2008
2007

TURNOVER
N30.986m
N32.027m

PBT
N7.697m
N2.806m

PAT
N7.697m
N2.806m

Results for Regency Alliance, Nigerian Enamelware, Nigerian Breweries, Unilever, Conoil, CAP PLC, and Access Bank.

REGENCY ALLIANCE INSURANCE PLC

AUDITED RESULT FOR THE YEAR ENDED 31-12-2007

2007
2006

GROSS PREMIUM
N783.875m
N332.350m

PBT
N262.540m
N236.074m

TAX
(N25.000m)
(N20.845m)

PAT
N237.540m
N21.522m

PROPOSED BONUS ISSUE 1 FOR 4

CLOSURE DATE AUGUST 5TH 2008

NIGERIAN ENAMELWARE PLC

UNAUDITED RESULT FOR 1ST QUARTER ENDED 31-12-2007

2007
2006

TURNOVER
N528.959m
N622.664m

PBT
N11.489m
N7.076m

TAX
(N3.676m)
(N2.265m)

PAT
N7.813m
N4.811m

NB PLC

UNAUDITED RESULT FOR HALF YEAR [...]

Additional Weekly Stock Reports from FSDH and Meristem Securities.


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This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!

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