Get all the latest information on businesses and companies in Nigerian Stock Exchange.
Guarantee Trust bank released posted a profit of N27.4b for the year ended February 28, 2008. That is indeed a very very good performance. You can download a copy of the release here . I expect reports by the various stock brokerage companies on this result in a few hours or in the next day. [...]
Meristem Securities’ report on First Aluminum Nigeria PLC Executive Summary & Investment Rationale First Aluminium Nigeria Plc is an indigenous company that deals in the manufacture of aluminium coils, sheets, circles, and tubes (laminated and seamless plastic). Incorporated in 1960 as Alcan Aluminium of Nigeria Limited, the company later changed its name to First Aluminium [...]
Meristem’s Market Sentiments for the week ended May 30th: Market Declines by 2.71% Despite a 4 Day Trading Week The stock market continued in its bearish mood all through the 4-day trading week. On the aggregate, The NSE All Share Index (ASI) dipped by 2.71% to close the week at 58,929.02 points while the total [...]
Bearish trend depletes investor’s confidence. The looming market downturn couldn’t be reversed as the bears again held sway for the week under review. The NSE all share index slipped by 189 basis points while total market capitalization plunged by 182%. The disparity in the index and market capitalization was as a result of the listing [...]
Results for Nigerian Breweries, Tripple Gee, Intercontinental WAPIC, and JaPaul. TRIPPLE GEE & COMPANY PLC AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH 2008 2008 2007 TURNOVER N775.414m N631.354m PBT N128.800m N65.765m TAX (N27.402m) (N13.684m) PAT N101.398m N52.081m PROPOSED DIVDEND 15KOBO PROPOSED DIVIDEND 1 FOR 2 CLOSURE DATE 3RD TO 7TH JULY 2008 PAYMENT DATE [...]
Results for Ikeja Hotel, Nigerian Ropes, Mutual Benefits Assurance, Vitafoam, Total and Staco Insurance: IKEJA HOTEL PLC UNAUDITED 1ST QUARTER RESULT FOR THE PERIOD ENDED 31-03-2008 2007 2008 TURNOVER N1.558b N1.320b PBT N380.0m N272.146m TAX (N121.611m) (N87.087m) PAT N258.424m N185.059m NIGERIAN ROPES PLC YEAR ENDED DECEMBER 31, 2006 2006 2005 TURNOVER N450.707m N417.564m PBT N37.074m [...]
Lead Capital just prepared a wonderful report on the Cement Industry in Nigeria. They provide an analysis of the industry explaining the challenges and opportunities within the industry. They author also provides recommendation on some of the stocks. Here are some highlights: There is the problem of demand vs supply inequality. Supply has not been [...]
Tribune newspapers is reporting that Oando has concluded plans to raise N30billion for expansion. Here is an excerpt of the report: IN pursuit of its expansion and growth drive, Oando Plc said it had concluded plans to raise $250 million (about N30 billion) from both local and international markets. Mr. Adewale Tinubu, Group Chief Executive [...]
Ecobank released its results for the first quarter. The company declared a profit after tax of N7.5 billion for the year ended December 31st, 2007 representing 109% growth over 2006. The highlights are: Gross earnings grew by 90 per cent to N33 billion from N17 billion recorded in the preceding year. The bank’s profit before [...]
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.
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 [...]
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