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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 [...]
In: Market Analysis
22 May 2008Here is a great article by Godfrey Obioma on the why you should own insurance stocks: Why insurance stocks should be your long term choice by GODFREY OBIOMA An investor who had taken positions in insurance stocks early in 2007 and sold them late in the year or even early this year made a harvest [...]
In: News
13 May 2008Below is the allotment for the recently concluded AIICO Offer: 5000 – 10,000 100% 10,001 – 20,000 84.48% 20,001 – 50,000 42.92% 50,001 – 100,000 35.93% 100,001 – 1,000,000 22.52% 1,000,001 – 10,000,000 13.19% 10,000,001 – 100,000,000 4.43%
UAC Nigeria Plc declares results dividend of N1.20k UAC NIGERIA PLC. AUDITED YEAR-END RESULT FOR THE PERIOD ENDED 31 DEC 2007 2007 N’b 2006 N’b CHANGE N’b % CHANGE TURNOVER 31.478 28.403 3.075 10.83 EXCEPTIONAL ITEMS -0.300 -0.334 0.034 -10.18 PROFIT BEFORE TAX 5.086 3.893 1.193 30.64 TAXATION 1.303 1.074 0.229 21.32 PROFIT AFTER TAX [...]
I must commend FSDH for this Market Outlook. One of the most striking things in the document is the fact that 15 of the most capitalized stocks are banking stocks. They represent over 20% of the market capitalization. When you think of it, that is a very high percentage. It shows that the Nigerian Stock [...]
In: Market Analysis
14 Feb 2008Here is a write up by Meristem Securities on the facts about Penny Stocks The Nitty Gritty of Penny Stocks Blue Chip companies are made rather than born contrary to the perceptions of some investors. They have to work through the different growth phases/business life cycles everyone else. Unfortunately, some investors believe that the [...]
In: Market Analysis
14 Feb 2008The stock matrix below was prepared by Bank PHB and places the stocks in one of four quadrants (The Honey Zone, High Flyer, Safety Zone and Sell) based on the expected risk and returns.
Here is the 2008-outlook.pdf by CSL Securities.
Analysis of Some Insurance Stocks – Courtesy of Proshare NG. Analysis of Some Insurance Stocks
Afrinvest 2008 Stock Market Outlook
As people have know now, a lot of the companies going to the market to raise capital through public offers are guilty of not listing the stocks on time and not providing the share certificate promptly. This makes it impossible for those who want to make a quick profit from doing so by selling their [...]
In: News
4 Feb 2008“I think there is something in the NSE we are all overlooking. People are waking up to the NSE and everyone is pouring money into the NSE now.Even my grand mother in the village was asking me the other day if she could buy shares.With so much money around,and few companies listed on the stock [...]
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