Investors NewsBeat

Market optimism spurs fresh capital raising; SKYEBANK plans rights issue

As Nigerian Capital Market begins to gradually witness the turnout of IPOs and Rights Issues in 2013; it is expected that retail investors who appear cautious till now, will have a rethink when it comes to picking up stocks in the primary market.
For GSK Shareholders, It’s all good with their N1.30k dividend

The 42nd Annual General Meeting of the Glaxo Smithkline Plc got the pulse of shareholders as the Company approved the payment of N1.30 per dividend for its shareholders
ARM recommends SELL on the shares of Guinness Nigeria Plc

Guinness Nigeria Plc released unaudited results for 9 months ended 31st March, 2013 wherein FQ3 13 revenues were flat YoY at N29.2 billion (9M 13: N94.9 billion), falling short of our N32.9 billion forecast by ~11%. We attribute deviations from our foreca
Cadbury Nigeria PLC - Can the recent Stock Price Surge be sustained?

For the FYE 12/31/12, Cadbury Nigeria Plc reported net income of ₦3.45 billion on revenue of ₦33.55 billion. The reported income and revenue represents a decline of 5.89% and 1.64% respectively compared to net income of ₦3.6 billion an
ARM recommends SELL on the shares of Cement Company of Northern Nigeria Plc

Cement Company of Northern Nigeria (CCNN) reported a 19% YoY rise in Q1 13 revenues to N5.billion, with top-line growth mirroring competitors results likely reflecting sharply higher demand across the industry during the period. With competitors reportin
Analyst in ARM Research gives Sell Recommendation on Cadbury Nigeria Plc

Cadbury Nigeria Plc reported a 16% YoY rise in Q1 13 revenues to N8.3 billion, tracking 10% ahead of our N7.6 billion forecast. Out-performance in YoY top-line growth likely reflects better than expected volume recovery, which is nevertheless flattering s
Guinness Nigeria Plc: 9M 2013 Unaudited Results

Sales revenue increases marginally by 4.0% y/y. Guinness Nigerias turnover moved up moderately by 4.0% to 88.441billion in the 9M to March 2013 compared with 85.039billion recorded in 9M 2012. On a q/q basis, the company reported sales revenue of 22.753b
Weekly Top-5 Picks of Nigerian Equities - Week 20th May, 2013

As the Nigerian Capital Market keeps witnessing rapid growth (year-to-date of 31.44%), Investors in todays market, on the back of an improved regulatory and compliance monitoring environment now have the opportunity of tools, data-backed information, and
Cadbury Nigeria Plc announces change of Corporate Registrars

The Company informed The Exchange that the Company's Board of Directors has taken a decision to change the Corporate Registrars of the Company from Union Registrars Limited to First Registrars Limited.
Capital Oil Plc announces change of Registrars

The Company notified the Exchange of the transfer of the Company's shareholders register from Fin Registrars to PAC Registrars, 122, Bode Thomas Street (1st Floor), Surulere, Lagos.
Standard Alliance Insurance Plc announces change of Registered Office

The Company notified the Exchange that the registered address of the company has been changed from Plot 281, Ajose Adeogun Street to Plot 1, Block 94, Providence Street, Lekki, Phase 1, Off Lekki-Epe Express Road, Lekki, Lagos.
ARM recommends NEUTRAL on the shares of UAC Property Development Plc

UAC Property development Plc (UPDC) reported a 78% YoY rise in FY 12 turnover at N12billion. At N4.3billion, seasonally the strongest, Q4 12 turnover was 80% higher QoQ tracking ahead of our N4billion forecast. The company had made significant restatemen
FSDH places a BUY on the shares of Lafarge Cement WAPCO Nigeria Plc at the current market price

Analysts at FSDH has placed a BUY on the shares of Lafarge Cement WAPCO Nigeria Plc at the current market price, as computed below.
FSDH issues a HOLD recommendation on Guinness Nigeria Plc

Analysts at FSDH has placed a HOLD on the shares of Guinness Nigeria Plc at the current market price, as computed below
MRS Plc records institutional trading, gains +10% on N0.23kobo dividend

MRS Plc recorded active patronage with significant surge in volume traded by 885.409% while recording maximum daily gain of +10.00% -the highest daily gain so far achieved by the firm in the year; and invariably revealing movement of smart money towards
Profitability & Efficiency: GT Bank tops Peer Ranking

Nigerian banks have all but fully returned to profitability, albeit on the bank of an aggregate low lending business; and looking at the Q4'12 financials presented lately, it appears the sector is gradually regaining back its confidence and groove.
Okomu Oil Palm Plc: 1Q2013 Unaudited Results

Sales revenue declines significantly. In 1Q2013, Okomu Oil’s revenue was down by ~35.0% y/y to 1.838billion from 2.827billion in 1Q2012. A breakdown of the company’s revenue during the period indicated that domestic sales contributed 50.9% to total revenu
Transcorp regains investors’ loyalty, hits Highest Daily-Gain in 44 sessions

Transcorp Plc records renewed active bargain tendency as sentiments turned positive towards the stock with impressive +9.6% gain, representing highest daily gain in the last 44 trading sessions.
NESTLE and OKOMUOIL top list of High Dividend payers in 2012 Audited Results

Compliance with the otherwise basic requirement of submitting audited financials accounts for firms listed on the bourse of the NSE continue to improve in recent time. Credit deservedly must go to the consistent implementation, and market acceptance of th
Ecobank Transnational Incorporated announces Integration of Registrars Business

Following Ecobank Transactional Incorporated (ETI) acquisition of Oceanic Bank International Plc and its subsidiaries, The Exchange was notified that Ecobank Transnational Incorporation (ETI) has approved the integration of its two Registrars business in
Transnational Corporation of Nigeria (Transcorp) Opens Rights Issue

Transnational Corporation of Nigeria (Transcorp) obtained Approval-In-Principle of the Quotations Committee of Management of The Exchange for its proposed Rights Issue of 12,906,999,142 Ordinary Shares of 50k each at N1.00 per Share. Acceptance of the off
Mrs Oil Nigeria Plc announces Board Meeting; 2013 Q1 Statement tops agenda

The Company notified The Exchange that its Board of Directors meeting is scheduled to hold at 11 am on Tuesday, May 14, 2013 at No. 8 McCarthy Street, Onikan, Lagos to deliberate upon the Company's 2013 1st Quarter Unaudited Results amongst others.
Dangote Sugar Refinery Plc: 1Q2013 Unaudited Results

Revenue increased marginally by 2.2% y/y to 27.644billion in 1Q2013 from 27.053billion in the same quarter of 2012. On a q/q basis, it was an 8.2% increase over the 25.557billion recorded in 4Q2012. We believe the uninspiring performance recorded by the c
Mobil oil Nigeria Plc - 2012: The Year of the Perfect Storm

Mobil Oil Nigeria (MON) is one of the operationally efficient firms in the petroleum downstream industry and has a linearly increasing level of efficiency by our analysis. However, the company faces industry-wide challenges inclusive of high costs and low
Earnings Press Release: UBA PLC FY 2012 Audited Financial Results

United Bank for Africa Plc today announced its full year 2012 audited financial results for the period ended December 31, 2012. A profit after tax of N54.77billion was achieved for the period, representing an increase of 905.44% over
Nigerian Breweries Plc Closes Above Significant Price Resisistance

In my February 22, 2013 article on the subject titled Nigerian Breweries Plc FY 2012 Earnings and Its Impact on the Stock Price , I noted that although the stock price for NB Plc was in an uptrend prior to its FYE December 31, 2012 financial report, the
Lafarge WAPCO - Revenue grows by 3.10% and net income increases by 49.14% year-on-year - DLM

Revenue grows by 3.10% and net income increases by 49.14% * As at Thursday May 09, 2013 year-on-year. Lafarge Wapco Plc. released its Q1 2013 results to the Nigerian Stock Exchange on May 06, 2013. The results show that revenue increased to 23.32billion,
Courtville sets to break the 3yrs Resistance Level on Renewed Enthusiasm

COURTVILLE Plc experienced significant price surge to end today's session with maximum gain of +9.8%, following the moderate gain of +2.0% recorded yesterday.
Julius Berger Q12013 revenue grows by 8.39% while net income increases by 25.63% Y/Y - DLM

Revenue grows by 8.39% and net income increases by 25.63% y/y. Julius Berger Nigeria Plc (JBN) released its Q1 2013 results which saw revenue increase to 39.65billion from 36.58billion in Q1 2012 and net income ascend to 1.25billion from 995.17million in
AIRSERVICE records +32.73% gain in a week on renewed bargain tendency

AIRSERVICE records impressive price appreciation recently, adding another +9.8% gain today to bag +32.73% gain in the last one week to be precise while the investors' sentiments remained positive.
Shareholders smile as Cadbury pays 50k dividend

It was all smiles for the shareholders of Cadbury plc as the company declared a profit for the preceding financial year at the 2013 AGM, that culminated into the payment of 50k dividend.
UBA sets to break short-term support level as investors turn wary

UBA Plc continued to record lacklustre trading pattern in the recent time, precisely in the last 8-weeks to close with another dull session of -0.7%loss today.
UBN records 10% gain, moves out bearish zone on fresh bargain hunting

Union Bank Plc is on the strong northward move again, extending previous gains with additional +10% gain to step out of bearish zone completely into neutral position in both short and mid-long term period as revealed by price moving average.
Dangote Cement Plc makes Historic Jump, hits above Listing Price on low-float

Dangote Cement Plc recorded an historical uptrend movement with a significant surge of 10% daily maximum gain, indicating significant positive shift in investors' sentiments towards the stock despite its low market float.
FSDH issues a SELL recommendation on PZ Cussons Nigeria Plc

PZ Cussons Nigeria (PZ Cussons) is principally engaged in the manufacture, distribution and sale of a wide range of consumer products and home appliances, which are leading brand names across the country in detergents, soap, pharmaceuticals, cosmetics, co
GTBank continues to support Economic Growth and Bilateral relations

Guaranty Trust Bank plc has continued to promote economic development and entrepreneurship by partnering with the Nigerian and London Stock Exchanges to support the 2013 UK-Nigeria Investment Partnership Forum, which will take place on Thursday May 2, 201
Trend Analysis reveals weak optimism after market hits 52-weeks high

The review of Nigerian Capital Market in the last 52-weeks trading sessions reveals impressive uptrend movement as the markets net worth appreciated significantly by 50.41%, indicating that an additional N3.57trillion had been added to investors' net wor
Dangote Cement boost sales on new capacity

The Dangote cement’s massive investment in new capacity has continued to pay off with an upsurge in sales of its locally produced cement to the tune of 10.4 million tonnes in 2012, according to the company’s 2012 financials, presented on the floor of the
Mailing & Payment of ETI Preference Dividend Warrants To Shareholders

The Company notified The Exchange that the ETI Preference Dividend Warrants along with the e-mandate forms were dispatched to all the ETI preference shareholders on April 4, 2013. The shareholders were given the option of receiving their dividend in eithe
STERLNBANK records fresh bargain sentiments, after hitting support level

Sterling Banking Plc sets to experience renewed bargain tendency with a moderate gain of +3.4% recorded today to retrace from new 3-months low recorded in the previous session at N2.34kobo.

Will the MPR remain at 12%? …the need to keep yields attractive

Sentiment Analysis Report – W/E May 24, 2013

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