By Babajide Komolafe

Some people want to invest in shares for a very long
time. You can decide to save and invest periodically,
quarterly or every six months. It could be for
retirement or for a major project like children’s
university education or to build your own house. This
means a period of more than ten years. What are the shares you should buy?

Buy the shares of conglomerates producing and selling
essentials. A conglomerate is a company that has many
subsidiaries or produces so many things. Most of the
time, they produce essential goods that people will
always need and consume. Think of Nestle, Unilever,
PZ Nigeria Plc, First Bank Holdings etc.

Why should you focus on such companies? The
possibility that such companies will collapse or fold up
is very slim. The rate of failure of such companies is
very low. Yes, like other businesses and the economy
in general, these companies do have their good and bad
times when they would barely make profit either due to decline in sales or rising costs. But fold up, liquidated
is not likely at all. Such companies could be acquired,
merged with another company but not collapse.

For example, during the global financial crises between
2008 and 2010, many businesses collapsed or just
closed shop, the biggest being Lehman Brothers. What
happened to most conglomerates was declining sales,
which made profit to drop.

Many of them that should have collapsed were either
bailed-out by government and the regulators or were
acquired by competitors or new investors. An example
in Nigeria is Union Bank, former Intercontinental
Bank, Oceanic Bank. Yes, the value of what people
invested dropped but over time, they will regain the value. Why is it important that you buy the stock of such
companies? You are saving and investing for the long
term; the safety of your investment should be your first
consideration when you are making this kind of
investment. You need to ask, “Which company should I
invest in today that would still be in existence and performing in 10 years or 20 years when I am going to
need the money?

This is important because you must avoid a situation
whereby, when you retire and you need the money or
when you need it to fund your children’s education, the
company has folded up or closed, and you have lost
your investment. That is why, while making profit on
your investment is desirable, it should not be the number one criteria in this instance. Otherwise, your
case may be like that of people that collected their
retirement benefits and used them to speculate in
unknown companies and investment schemes.

Top 10 performing stocks By NKIRUKA NNOROM
Among the top ten performing stocks are
Costain W/A Plc,
Cadbury Nigeria Plc,
Evans Med,
Northern Nigeria FlourMills,
McNichols
Glaxosmithkline.
Dangote Sugar Plc,
Ashaka Cement,
PZCusson,
Cement Company of Northern Nigeria CCNN.

Costain listed in construction/real estate sector of the Nigerian Stock Exchange, NSE, is Nigeria’s leading construction company, which specilaises in civil engineering, roads and rail, furniture and joinery. It also operates in oil and gas sector.
Costain seems to still be struggling with the effects of
the market crash as its share price just recently crossed two digit level. Todate, the company has
recorded return of 106.9 percent. Costain was
incorporated in 1948 as a private limited company in
Nigeria; it took over the various works being undertaken by John Holt and some others.

Confectionery and food drink manufacturing giant,
Cadbury Nigeria Plc, returned to profitability for the first time after seven years of being in the woods following theforgery of its accounts by the then managing director
and others. For the 2012 financial year, the company paid N1.564 billion dividends, while its profit before tax for the year grew from N5 billion in 2011 to N5.5 billion in 2012. It also recorded a profit after tax of N3.4 billion. The share price has risen tremendously by 674.67 percent from N8.33 at the beginning of the year to N64.53.

Evans Med, listed in medical supplies sector, also one of
Nigeria’s largest pharmaceutical manufacturing
companies. Starting the year at 50kobo, the share price has so far risen by 420 in comparison to the present market price. The Product ranges of Evans Med are well over thirty and are household names across Nigeria and the West Africa sub region. Amongst them are Multivites, Cofta, Vanclox, Calamine Lotion, and Allenburys glucose-D among others. It started business in Nigeria in 1954 and has since then been committed to research, development and manufacturing of safe and effective medicines.

NNFM beginning the year at N17.51, the company has therefore delivered 47.97 percent return to its shareholders this year. Listed in food products sector of the NSE, and engaged in milling business, NNFM produces flour and semovita. With a current milling capacity of 1,750 mt per day, NNFM is a leading mill in the North, producing premium quality Golden Penny Flour and Golden Penny semovita. Flour Mills of Nigeria Plc is a majority stakeholder in the company.

McNichols Plc is listed in consumer goods sector and has so far risen by 138.89 percent in the year from year low of 72kobo to the present price. Others are
Glaxosmith,
Dangote Sugar
Ashakacem,
PZ Cusson
CCNN

Drop ur comment and enquiries below.

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