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Technical Suspsensions on Standard Alliance Insurance, Custodian and Allied Insurance, and Great Nigerian Insurance companies have been lifted following the completion of thier public offerings.
The following companies have released their results: John Holt (1st Qtr), Guiness (3rd Qtr), Glaxo Smithkline (1st Qtr), Morison Industries (1st Qtr), and CAP Plc (1st Qtr). 1ST QTR RESULTS ENDED DEC 31, 2007 JOHNHOLT PLC, 1ST QUARTER RESULT FOR THE PERIOD ENDED 31ST DECEMBER 2007 2007 2006 TURNOVER N5.292b N3.603b P(LOSS)BT N148m (N67m) TAXATION [...]
FIRST QTR RESULTS ENDED MARCH 31, 2008 NEM INSURANCE PLC, FIRST QUARTER ACCOUNT FOR THE PERIOD ENDED 31ST MARCH 2008 2008 2007 GROSS PREMIUM N1.057b, N643.822m NET PREMIUM N1.057b, N594.805m PBT N559.663m, N110.024m TAXATION (N67.160m) (N13.203m) PAT N492.503m, N96.821m FIRST QTR RESULTS ENDED MARCH 31, 2008 CUSTODIAN AND ALLIED INSURANCE PLC, FIRST QUARTER RESULT ENDED [...]
Below is an analysis of Dangote Sugar by Meristem Securities. A copy of the analysis is also attached. Analysis of other companies can also be found on Meristem’s site. UPDATES ON DANGOTE SUGAR REFINERY PLC EXECUTIVE SUMMARY AND INVESTMENT RATIONALE Dangote Sugar Refinery Plc is a market leader in the Nigerian Sugar industry with operations [...]
An article by Meshack Idehen of the Saturday Punch on why stock documents get lost. Most times, investors buy shares without share certificates to show for their investments for many years. At other times, their dividend warrants never get to them.There could also be problems of investment swaps, where the name of an investor does [...]
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
I have been a fan of the public offers of the different companies in Nigeria for a while. A lot of them have been success stories. Examples include Zenith Bank, Oceanic Bank, GT Bank, and First Bank. A lot of banks had to go to the market to be able to raise funds to meet [...]
In: Uncategorized4 Oct 2007
Found the minibook, A Beginner’s Guide to Investing in Nigeria, on the Proshareng website.
In: Uncategorized9 Sep 2007
Here is a very good article on the benefits of investing in IPOs and Private Placements in Nigeria as published in the Punch Newspapers. Why investors should take advantage of IPOs, private placements Published: Sunday, 9 Sep 2007 The capital market is akin to any other market by providing an avenue to facilitate exchange. Unlike [...]
In: Uncategorized30 Jul 2007
I just discovered the site, Investor Delight, today. It is a wonderful site for monitoring your Naija stocks online. It is a very neat web 2.0 site. You can add and edit multiple portfolios. It also allows you to add your stockbroker names and their charges. When you add a new stock, you have the [...]
In: Uncategorized25 Jul 2007
I must admit, ever since I heard about Access Bank’s stock split late last year, I have been apprehensive about their recent return to the stock market to purchase more shares. But the article below on the ProShare blog provides some explanation on the benefits of the reconstruction. It seems that those who held on [...]
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