FSDH’s Analysis of UACN Properties:

1. Impressive result
2. Believes the fair price should be N34.37, a discount of 27%
3. Income was derived from two major areas – Business properties (N0.09bn/15.83) and Residential Properties (N4.78bn/84.17%)
4. Projects a PAT of N3.06bn for 2008
5. Rates the stock a BUY

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FSDH’s Analysis of OANDO PLC:

1. Believes the fair price should be N196.82, a discount of 16%
2. Working capital position is not very impressive. Believes that the company might find it difficult to meet its short term obligations as at when due
3. Stock is rated as a BUY