₦airaland Forum

DOLLARTEX:
some are praying for zenith to touch 23, while others are praying it gets back to 27. na who God go answer now?

Agbalowomeri:
you have come here again? The one you do us for 2014 never do you

Godisfaithful:
The patient one will still get the stock below 20 Naira. Just a matter of time. I just hope those who invested in the stock would take their profit when they hit their target price before then

Agbalowomeri:
Honestly I cannot buy Zenith above 15

Agbalowomeri:
Honestly I cannot buy Zenith above 15

Jejebabaa:
Only Honeywell above 2.35 with 2.5% dividend yield compared to zenith at 25 naira with 10.8% DY.

DOLLARTEX:
heavy rock,sir agba can't take this standing.

Jejebabaa:
Not rock sir. Who i be to thrown stone at my oga Agba. I am just curious of his choice of Honeywell at above 2.35 compared to Zenith at above 15.

prof2007:
2018 HALF YEAR REVIEW - NSE BEST PERFORMERS (abridged from Nairametrics.com)

Result Sheet - July 3, 2018:

June is over. If you are a retail investor with an active portfolio, this is the period to take stock of your portfolio performance in the last 6 months. For Nigerian stocks in general, the All Share Index closed basically flat @ 0.09% in the first 6 months of 2018. For June, the index closed positively, eking out a profit of just 0.46%.

Despite gloom in recent weeks, we did have some major winners in the first half of 2018, with about 37 stocks posting double-digit gains.
The top 5 gainers:
Ikeja Hotels: 76%
Learn Africa: 80%
Unity Bank: 83%
NEM: 93%
CCNN: 153%.

On this week’s Result Sheet, we take a look at some of the best performing stocks, so far this year. We start from bottom of the best, all the way to the best performing.

C&I LEASING
YTD return: About 60%
Position on list of H1-2018 best stocks: 10th.
Valuation: 2.9x earnings; 0.39x book value.
FY-2017 PAT:19% rise in profits to about N1 billion.
Important Note: Despite rise in profits, the company still has a debt load and has mooted raising capital. Could this be a reason for the rise in its share price? Some analysts believe there might be a correlation, as most stocks typically rise ahead of news of an equity raise. Investors smell an opportunity and ride their luck, hoping the capital appreciation could be sustained for a while.

FIDSON HEALTHCARE PLC
YTD Return: 62%
Position on H1-2018 best stocks: 9th.
Q1-2018 PAT: 26% increase, to N202 million.
Important Note: Rumours earlier in the year that Fidson was exploring a merger plan with May & Baker. The company put out a press release denying it but this has not stopped speculators propping up its share price. Don't be surprised if this goes on a little longer.

ETERNA OIL & GAS PLC
YTD Return: 66%
Position on H1-2018 best stocks: 8th.
Valuation: 4.22x earnings.
Q1-2018 PAT: 25% drop, to N510 million.
Important Note: Last May, NNPC issued a 2-year crude export license to some local and foreign companies, including Eterna Oil. Strong revenue potential and possible momentum for higher share price.

BETA GLASS PLC
YTD Return: 68%
Position on H1-2018 best stocks: 7th.
Q1-2018 PAT: 38% increase, to N1.10 billion.
Important Note: It is a subsidiary of Frigoglass Industries Nigeria Ltd which holds 61.9% ordinary shares of the company. The ultimate controlling party is Frigoglass S.A.I.C, Athens. We've been tracking Beta Glass for some time now and believe its strong capital appreciation is a function of strong earnings and lack of liquidity. It is incredibly difficult to find sellers for this stock.

CAVERTON OFFSHORE SUPPORT GROUP PLC
YTD Return: 69%
Position on H1-2018 best stocks: 6th.
Q1-2018 PAT: 37% increase, to N293 million.
Important Note: Caverton has risen largely on positive market sentiments in Q1, and the company signing a major contract with Chevron Nigeria Ltd. We like this stock too and have it on our watch list.

IKEJA HOTELS PLC
YTD Return: 76%
Position on H1-2018 best stocks: 5th.
Q1-2018 PBT: 82% increase, to N328 million.
Important Note: Rise in its share price is largely due to lifting of a 2-year suspension by NSE. There had been a boardroom tussle between Goodie Ibru and a faction led by Maiden Ibru. Goodie stepped down from the board in February last year, citing need for a new generation of Ibrus to take over. Some analysts believe this could be one of the major reasons there is a scramble for the shares. In fact, the stock experienced a major surge as soon as NSE lifted the suspension. This could be a bull trap, so be careful.

LEARN AFRICA PLC
YTD Return: 80%
Position on H1-2018 best stocks: 4th.
FY-2017 PAT: 13% increase, to N238 million.
Important Note: Not much can be deciphered on why the share price has grown this much, especially for a stock with very little volume of trade. We suspect a potential merger or acquisition in play here, or the company might be planning to raise capital. In terms of debts, it has a combined external loan of just over N100 million, so its unlikely that it is looking to raise capital to repay debts. This stock's performance remains a mystery to us.

UNITY BANK PLC
YTD Return: 83%
Position on H1-2018 best stocks: 3rd.
Important Note: Earlier in the year, it was the best performing stock, before being overtaken by CCNN. Rally in its share price was initially due to news of a planned $1 billion investment by a private equity firm, Milost Global. Milost terminated the agreement following threats by an unnamed investor. Unity however denied any form of agreement was signed. SEC is currently investigating the transaction. The renewed capital appreciation we have seen lately perhaps is indicative of another deal in the offing. Unity Bank was bailed out by the CBN and is running against time to get a buyer.

NEM INSURANCE PLC
YTD Return: 93%
Position on H1-2018 best stocks: 2nd.
Q1-2018 PAT: 24% increase, to N751 million.
Important Note: The first 5 months of the year are typically great periods for NEM stock. Some investors buy around February, hoping to see capital appreciation come April when they would have released their results. It did happen that way too. More recently, the company's board squabbles can be largely attributed to the share price hike.

CEMENT COMPANY OF NORTHERN NIGERIA PLC
YTD Return: 153%
Position on H1-2018 best stocks: 1st.
Valuation: 7.96x earnings.
Q1-2018 PAT: 95% increase, to N1 billion.
Important Note: Recent news of a merger with Kalambaina Cement, a subsidiary of BUA Cement. BUA is ultimately controlled by Abdulsamad Rabiu. Whilst this may not be the reason for the impressive return of the stock, investors typically like to buy stocks that have hints of mergers or acquisitions. The company's result has been impressive and perhaps investors are also bullish about its potentials, thus the reward of capital appreciation. Is this still a good buy? If its mid-year performance beats expectations, then one might in hindsight believe its current share price is cheap. Despite this, we do not see this stock hitting another 100% in the next 6 months (we hope we are wrong).

SOURCE: Nairametric.com (abridged for brevity).

gamaliel9:
Why is so difficult for veecovee to convert deepsuk?

PETERiCHY:
Africa’s largest cement producer, announces the issuance of 50 billion Series 1 and 2 Notes under its 150 billion Commercial Paper Programme, announced on 27th June 2018.

https://brandspurng.com/dangote-cement-plc-announces-issuance-of-%e2%82%a650-billion-series-1-2-notes-under-%e2%82%a6-150-billion-commercial-paper-programme/

DOLLARTEX:
you don't mean it! the index should be in tears by then.

Godisfaithful:
Just be patient sir. It had happened before and history repeat itself. No hurry in life. Slowly, patiently, and surely it will happen

kolaish:
For those on facebook, I don't want to laugh alone. All is well.
https://www.facebook.com/1208636835828931/videos/2481839961841939/

kolaish:
For those on facebook, I don't want to laugh alone. All is well.

https://www.facebook.com/1208636835828931/videos/2481839961841939/


cc; veecovee

phemmie06:
I have asked such question before but veecovee said you can't convert a demon. I really can't figure what he said.
But I believe silent Apostles like Sir Wanaj0, Pa Emmanuelewumi and some others can do that.