Get all the latest information on businesses and companies in Nigerian Stock Exchange.
In: financial advice
28 May 2008The Nigerian Stock Exchange (NSE) recently issued directives stating that "any company seeking to be listed by introduction on the NSE shall make 10% of its outstanding shares available on the day of listing for market making". This was to prevent the undue price appreciation and manipulation. They also directed that "the quantum of shares [...]
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% [...]
I must say that I am quite disappointed that Zenith Bank has provided scant information on their Mutual Funds whose offers started on Monday. To make it worse, the website www.zenith-funds.com has been a disaster. It takes forever to open and it is very clear that it is a work in progress. But thanks to [...]
In: business|financial advice|Market Analysis|News|stock exchange
2 May 2008CONTINSURE: YEAR END DEC 31 2007 PERIOD 2007 2006 NON-LIFE REVENUE 332.34M 95.90M LIFE REVENUE 11.50M 12.50M PBT (Nm) 818.46M 220.74M TAX (Nm) 141.73M 78.991M PAT (Nm) 676.69M 135.791M S/outstanding ( billion) 10.37 Proposed Dividend per Share = N0.05k EPS (naira) 0.07 Closure date = May 19 to 22, 2008 P/E Ratio (times) 64.38 [...]
ETERNAOIL: YEAR END DEC 31 2007 PERIOD 2007 2006 TURNOVER N4.91bn N3.51bn LOSS/PBT N-169.46m N37.27m TAX N33.98m N-9.36m LOSS/PAT N-135.48m N27.91m Net Loss/Profit Margin -3% 1% S/outstanding ( million) 650.00 Proposed Bonus Issue = 1 for 5 Loss Per Share (naira) -0.21
In: business|financial advice|Market Analysis|stock exchange
28 Apr 2008Here are different reports, reviews and analysis of the NSE by FSDH, Meristem, and Zenith for the week that just ended. FSDH Zenith Meristem
The share price of NIGERIAN WIRE INDUSTRIES PLC (NIGWIRE) was place on technical suspension today April 28, 2008 following the receipt of an application for Rights Issue at N1.50k per share.
Here is a Fact Behind The Figures presentation by FCMB’s MD, Ladi Balogun. Some highlights: -The company believes that the sub-Saharan region is well placed to withstand the worsening global environment. -CBN has directed all banks to streamline their financial year ends to December 31st. This will heighten competition and favours the dynamic and differentiated [...]
These 3 articles/presentations provide an analysis of the Nigerian Insurance Sector – Presentation on Nigerian Insurers In The Global Marketplace – A thorough review of the Insurance sector by Afrinvest Securities.Afrinvest Review of the Insurance Sector – A presentation on Insurance Firms and Capital Market Opportunities By Proshare.Proshare Presentation On Insurance Sector
There has been some discussion on whether a stock market crash is imminent. Meristem Securities has prepared a wonderful paper on this topic. It’s conclusion is that there are no signs to point to an imminent stock market crash.
It’s been a while since anything substantial has been posted on this blog – at least 4 weeks. Part of the reason was that I was out of the country with limited access to the Internet. Henceforth, the major emphasis of this blog will be to provide information on businesses and companies listed on the [...]
Attached is the latest stock recommendations from BGL securities. Their top recommendations are BankPHB, UBA, UAC Properties and Guiness. They provide some analysis of these stocks – forecast EPS, forward PE, divident yield and target price. BGL Stock Recommendation Additional Stock Recommendations
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!