donne4real December 11, 2008
Top performing stocks for the year:
| HALLMARK | 256.04% |
| ECOBANK | 251.70% |
| SCOA | 174.95% |
| INTBREW | 124.54% |
| PHARMDEKO | 123.40% |
| OASISINS | 119.84% |
| DEAPCAP | 106.16% |
| EQUITYASUR | 105.69% |
| MOBIL | 88.44% |
| ETERNAOIL | 85.12% |
| BOCGAS | 78.21% |
| CHEVRON | 50.61% |
| TRIPPLEG | 48.28% |
| DNMEYER | 38.18% |
| AP | 35.26% |
| CILEASING | 30.59% |
| TOTAL | 25.38% |
| JOSBREW | 22.41% |
| UNTL | 14.39% |
| UTC | 14.25% |
Tags: stocks
Tags: stockmar
Here is the report:
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) left benchmark interest rate unchanged at 9.75 percent as the central bank on Thursday said it would step up intervention in foreign exchange market to ensure the stability of the local currency, Naira. The rates were not changed in line with plans to curtail inflationary threats, declining oil price and instability in exchange rates. At the Wholesale Dutch Auction System (WDAS), the CBN sold $1.34bn to retail banks, slightly below a demand of $1.4bn. The regulator also disclosed that it would reduce the amount of foreign exchange Nigerian banks hold in their reserves from 20% to 10% next week.
Tags: CBN
donne4real December 9, 2008
Here are the weekly reports from FSDH, Forte Assets, and Meristem Securities:
Meristem - Weekly Report - Dec 5th (18)
Forte Weekly Report - Dec 5th (19)
FSDH Weekly Report - Dec 5th 2008 (36)
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download: Market Analysis for Week Ended December 5th (166KB) added: 09/12/2008 clicks: 23 description: Market Analysis for Week Ended December 5th |
Tags: weeklyreport
The Initial Public Offering of Honeywell Flour Mills Plc, targeted at raising over N18bn in fresh capital opened on Wednesday, Dec 3rd following regulatory approvals. The company is offering for sale to the public 1,252,941,177 ordinary shares of 50 kobo each and also offering for subscription 941,176,471 ordinary shares of 50 Kobo each at N8.50 per share.
This unique offer is being packaged by some of the leading issuing houses in the country, led by FBN Capital Limited and BGL Plc. A statement on Tuesday said the Honeywell Flour Mills hybrid offer had the approval of the Securities and Exchange Commission and the Nigerian Stock Exchange.
The tenor period of the offer is 29 days, opening on Wednesday, December 3, 2008 and closing on December 31, 2008.
Honeywell Flour Mills Plc is part of the Honeywell Group, an indigenous conglomerate, led by the Chairman, Mr. Oba Otudeko, Commenting on the offer, Otudeko was quoted as saying, “Obviously, we believe in the future of this country and one thing that is clear is that, this is the time to buy and what more, to buy the shares of a leading company, which has made feeding Nigerians its core business for many years.”
The entry of the company into the flour milling industry redefined industry standards, as its high quality products compelled an improvement in the quality of flour products by other players in the industry, the statement said.
Demand for Honeywell Superfine Flour has continued to grow exponentially, as evidenced by its turnover figure, increasing from N7.32bn in 2004 to N18.77bn for the year ended March 31, 2008.
You can download the prospectus and application forms here:
Honeywell Flour IPO Application Form (118)
Honeywell Flour IPO Prospectus - Abridged (53)
Honeywell Flour IPO Prospectus - Full (75)
donne4real December 8, 2008
STOCK MARKET BRIEF FOR THE WEEK ENDED FRIDAY DECEMBER 05, 2008.
Stocks trading ended the week with major indicators pointing southwards. Average volume of shares traded for the week hovered around 300million shares indicating low investor’s participation in market activities as many hold on in expectation of an upward swing in market performance. Average daily decline in the NSE ASI stood at 1.75 percent as the bears continue to plod in the market. Stock Market closed the week on Friday (December 05, 2008) with the Index recording a cumulative loss of 7.18 percent to halt at 30,653.65 points while market capitalization of the 213 listed equities slumped by N342bn to close at N6.781trl (USD$57.03b).
A total of 1.59billion shares were transacted in 38,043 trades valued at N10.89 billion lower than previous week trading history of 1.72 billion shares in 44,760 deals worth N13.56 billion.
UBN Rose 3 Percent to Close the Week
In deep contrast to previous week’s frenzy, the bulls were rather quiescent week long with little spikes observed around the gainers camp. UBN took the lead on this week’s price movement chart gaining 43 kobo to close at N17.63k. UNHOMES (up 21 kobo), CUSTODYINS (up 16 kobo) and HMARKINS (up 12 kobo) also stir activities in the gainers’ territories. The bears which have in recent times appeared indefatigable “turned-in” 81 stocks into the south-pole with GUINNESS taking the lead. The share price of GUINNESS PLC plunged N21.22k from N93.92k to close the week at N72.70k. Trailing behind in the losers’ camp are OANDO (down N17.84k), NB (down N5.20k) and CONOIL (N4.73k). Only 6 stocks made it to the gainers camp at the close of trade this week end while 20 remained stagnant and 81 slept with the bears.
CHAMS Propel Telecomms Sector
The banking Sector remained upbeat recording the highest volume of transaction measured in turnover volume of shares. In 23,606 deals, investors exchanged over 795 million shares which were valued at N7.44 billion. Shares traded in the insurance sector was 42 percent lower than the banking sector’s as market participants exchange stakes in 332 million shares in 3,537 trades worth N389 million. Telecommunication sector ranked third in sectoral performance with 233 million shares.
CORPORATE NEWS:
FIDSON, Others Post Results
Nigerian Breweries Plc, STACO Insurance Plc, Nigerian Bag Manufacturing Company Plc (BAGCO), THOMAS WYATT Plc, Evans Medical Plc, Fidson Healthcare Plc, and STOKVIS Nigeria Plc all made public their results for the respective period ended as shown below in table 3.
Benefit Declaration
The board of FIDSON Healthcare Plc on Thursday, December 04, 2008 proposed a dividend of 20 kobo per share. Closure date was scheduled for December 17 to 19, 2008 and payment date January 27, 2009.
donne4real December 7, 2008
Meet The Winner of The Project Fame West Africa:
Inyanya
donne4real December 6, 2008
Apologies for the very late posts of these reports for last week. Here are the market reports from Afrinvest and Meristem.
Afrinvest Nigeria Market Update - Nov 28th (25)
Meristem - Weekly Report - Nov 28th (21)
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download: Market Analysis for Week Ended November 28th (169KB) added: 05/12/2008 clicks: 19 description: Market Analysis for Week Ended November 28th |
Tags: marketanalysis, marketreport
donne4real December 2, 2008
Here are the company results that have been released in the past 9 days. Companies include FCMB, Flour Mills, Linkage Assurance, Staco Insurance, Custodian and Allied Insurance, ABC Transport, Vitafoam, Nigerian Breweries, Nigerian Bag Manufacturing, Thomas, Wyatt and Evan Medical:
FCMB PLC, PERIOD ENDED 31-10-2008
| HALF YEAR TURNOVER | N40.766b | N21.868b |
| PBT | N12.166b | N6.764b |
| TAX | (N2.798b) | (N1.420b) |
| PAT | N9.368b | N5.343b |
FLOUR MILLS OF NIGERIA PLC
6 MONTHS PERIOD ENDED 30-9-2008
| 2008 | 2007 | |
| TURNOVER | N80.865b | N49.951b |
| PBT | N3.551b | N3.029b |
| TAX | (1.065b) | (908.783m) |
| PAT | N2.486b | N2.120b |
| FIXED ASSETS | N18.099b | N17.727b |
| STOCK | N7.750b | N4.819b |
| TRADE DEBTORS | N14.309b | N4.770b |
| CASH AND BANK BAL | N5.933b | N3.560b |
| OTHER DEBIT BALANCES | N27.694b | N17.480b |
| TRADE CREDITS | (17.394b) | (N13.295b) |
| SHORT TERM BORROWINGS | (N17.888b) | (N1.508b) |
| OTHER CREDIT BALANCES | (18.291b) | (N14.501b) |
| WORKING CAPITAL | N2.113b | N1.325b |
| NET ASSETS | N22.885b | N19.747b |
LINKAGE ASSURANCE PLC
3RD QUARTER PERIOD ENDED 30-09-2008
| 2008 | 2007 | |
| TURNOVER | N1.893b | N1.235b |
| PBT | N415.09m | N272.27m |
| TAX | (N62.263m) | (N40.840m) |
| PAT | N352.824m | N231.429m |
| FIXED ASSETS | N744.95m | N489.08m |
| TRADE DEBTORS | N1.22b | N962.46m |
| CASH AND BANK BALANCES | N178.64m | N6.52m |
| OTHER DEBIT BALANCES | N5.07b | N4.68b |
| OTHER CREDIT BALANCES | (N3.214b) | (N2.054b) |
| WORKING CAPITAL | N2.986b | N2.405b |
| NET ASSETS | N3.998b | N4.081b |
STACO INSURANCE PLC
PERIOD ENDED 31-12-2008
FORECAST PPROFIT AND LOSS ACCTS INFORMATION 2008
| 2008 | |
| TURNOVER | N4.900b |
| PBT | N1.401b |
| FORECAST TAXATION | (N315.290m) |
| PAT | N1.086b |
CUSTODIAN AND ALLIED INSURANCE PLC
3RD QUARTER RESULTS ENDED 30TH SEPTEMBER, 2008.
| 2008 | 2007 | |
| TURNOVER | N3.033b | N1.817b |
| PBT | N1.256b | N702.6b |
| TAX | (N188.5m) | (N105.4m) |
| PAT | N1.068b | N597.207m |
| FIXED ASSETS | N553.973m | N396.549m |
| CASH AND BANK BALANCES | N125.142m | N152.388m |
| OTHER DEBIT BALANCES | N11.435b | N4.819b |
| OTHER CREDIT BALANCES | (N1.852b) | (N1.036b) |
| WORKING CAPITAL | N8.723b | N2.401b |
| NET ASSETS | N10.262b | N4.332b |
ABC TRANSPORT PLC.
9 MONTHS RESULTS ENDED 30TH SEPTEMBER 2008.
| 2008 | 2007 | |
| TURNOVER | N2.870b | N2.390b |
| PBT | N259.704m | N196.746m |
| TAX | (N70.120m) | (N53.121m) |
| PAT | N189.584m | N143.624m |
| FIXED ASSETS | N2.436b | N2.038b |
| STOCK | N136.549m | N118.677m |
| TRADE DEBTORS | N111.689m | N91.999m |
| CASH AND BANK BALANCES | N202.125m | N78.920m |
| OTHER DEBIT BALANCES | N119.314m | N171.662m |
| TRADE CREDITS | (N98.863m) | (N42.797m) |
| OTHER CREDIT BALANCES | (N1.078b) | (N687.346m) |
| WORKING CAPAITAL | (N608.180m) | (N1.316b) |
| NET ASSETS | N1.849b | N1.777b |
VITAFOAM NIGERIA PLC
PERIOD 31-12-2008 (FIRST QUARTER)
| 2008 | |
| TURNOVER | N2.353b |
| COST OF SALES | (N1.625b) |
| PBT | N145.504m |
| FORECAST TAXATION | (N46.561m) |
| PAT | N98.943m |
NIGERIAN BREWERIES PLC
3RD QTR RESULT ENDED 30/9/2008
| 2008 | 2007 | |
| TURNOVER | N102.363b | N77.496b |
| PBT | N26.045b | N17.959b |
| TAX | (N8.334b) | (N5.926b) |
| PAT | N17.711b | N12.032b |
NIGERIAN BAG MANUFACTURING
6 MONTHS RESULT ENDED 30/9/2008
| 2008 | 2007 | |
| TURNOVER | N6.348b | N5.556b |
| PBT | N488.673m | N409.179m |
| TAX | (N156.375m) | (N130.937m) |
| PAT | N332.298m | N278.2m |
THOMAS WYATT NIGERIA PLC
HALF YEAR ENDED 30-09-2008
| 2008 | 2007 | |
| TURNOVER | N130.929m | N86.921m |
| PBT | N1.033m | (N7.932m) |
| TAX | (N310,000) | (N312,000) |
| PAT | N723,000 | (N8.244m) |
EVAN MEDICAL PLC
PERIOD HALF YEAR ENDED 30-06-2008
| 2008 | 2007 | |
| TURNOVER | N2.085b | N1.736b |
| PBT | N105m | N68m |
| TAX | (N33.63m) | (N22.01m) |
| PAT | N71.47m | N16.79m |
EVANS MEDICAL PLC
PERIOD ENDED 30-09-2008 (3RD QUARTER)
| 2008 | 2007 | |
| TURNOVER | N2.932b | N2.473b |
| PBT | N158m | (N1.7m) |
| TAX | (N52.2m) | NIL |
| PAT | N106m | (N1.7m) |
Here is the list of the top performing stocks for the year:
| Stock | Appreciation |
| ALEX | 421.60% |
| ECOBANK | 251.70% |
| FOOTWEAR | 215.88% |
| INTBREW | 175.09% |
| FIRSTALUM | 109.21% |
| DEAPCAP | 106.16% |
| EQUITYASUR | 105.69% |
| MOBIL | 88.44% |
| ETERNAOIL | 85.12% |
| STUDPRESS | 80.59% |
| BOCGAS | 78.63% |
| STACO | 65.43% |
| CHEVRON | 50.61% |
| AGLEVENT | 49.53% |
| TRIPPLEG | 48.28% |
| AP | 35.26% |
| AFPRINT | 31.94% |
| CILEASING | 30.59% |
| TOTAL | 25.38% |
| JOSBREW | 22.41% |
And these are the 20 worst performing stocks for the year:
| MBENEFIT | -64.78% |
| UNIC | -65.27% |
| AFRIBANK | -65.69% |
| UNITYBNK | -66.15% |
| UBA | -66.33% |
| PLATINUM | -66.88% |
| OCEANIC | -67.25% |
| NEM | -67.64% |
| STARCOMMS | -68.60% |
| INTERCONT | -68.61% |
| NASCON | -69.78% |
| GUINEAINS | -70.03% |
| WAPCO | -70.23% |
| FCMB | -70.26% |
| ACCESS | -70.67% |
| LASACO | -71.06% |
| CCNN | -75.46% |
| SOVRENINS | -75.68% |
| LINKASSURE | -76.60% |
| ETI | -80.39% |
Tags: marketanalysis, stocks
Here are the weekly stockbroker reports for the week ended November 28th 2008 from FSDH, ZSL, and Forte.
Forte - Weekly Report - Nov 28th 2008 (22)
FSDH - Weekly Report - Nov 28th 2008 (24)
ZSL - Weekly Report - Nov 28th 2008 (26)
From the chart below, it is clear that the market is not yet in recovery mode.
