CATEGORY: ANALYSIS

Forte Oil H1 2013 Earnings Review: Fundamentals Don’t Justify The Current Valuation.

  [upme_private]Forte Oil Plc (FO:NL) released its 2013 H1 results showing a 20% rise in revenues this half year...


Nahco H1 2013 Results Earnings Review: Struggling To Stay Profitable

[upme_private]NAHCO Plc (NAHCO:NL) released its 2013 H1 results showing revenue increased 21% to N3.8billion (2012 H1: N3.1billion). Cost of...


Earnings Review: Okomu Oil Palm Plc H1 2013

[upme_private]Okomu Oil released its Half Year 2013 Earnings showing revenues dropped sharply by 21% to N4.8billion when compared to...



What Sanusi’s Announcement To Increase CRR For Public Funds To 50% Means To Your Money

  The CBN has concluded its monetary policy meeting and announced MPR will remain at 12% for the  17th...


Earnings Review: Honeywell Flour Mills FY To March 2013

  [upme_private]Honeywell Flour Mills released its 2013 FY to March results showing revenue increased 20% to N45.7billion. Gross Profit...


Summary Of Company Results Released For The Week Ended July 19, 2013

  AUDITED ACCOUNT NCR (NIGERIA) PLC: 2012 AUDITED FINANCIAL STATEMENTS: Turnover/Revenue N6, 463,898,000 Profit before Tax (N1, 148,910,000) Taxation...


Earnings Review: Unilever Plc H1 2013

  [upme_private]Unilever Nigeria Plc released its H1 2013 results posting a 10.2% rise in revenue to N29.6billion (2012 H1:...


Earnings Review: Sterling Bank Plc H1 2013

  [upme_private]Sterling Bank released its 2013 H1 results with Gross Earnings rising 28% to N41.8billion. Net Interest income rose...


Earnings Review: Nigerian Breweries Plc H1 2013

  [upme_private]Nigerian Breweries (NB:NL) released its 2013 H1 results with revenues rising 7.4% to N133billion as at June 30 2013...


Lottery Business Earnings Review: Secure Electronics Technology 2012 FY

    Secure IT Electronics released its 2012 FY results and as expected declared a Loss After Tax of...


AGM Watch: Legacy Pension Declares 88kobo Per Share Dividend For Shareholders

  Legacy Pension Managers yesterday declared a dividend of 88 kobo per share for its shareholders. Chairman of the...


Nigerian Stock Exchange Rejigs NSE 30, NSE 50 Indexes. OANDO Now An NSE 30 Stock

  The Nigerian Stock Exchange (NSE) last week reviewed The NSE 30, NSE 50 and the five sectoral indices with new entrants. The five...


More And More Losses: Swap Technologies Post N2.77billion Loss

An indigenous telecommunications firm, SWAP Technologies & Telecoms Plc, recorded a 65 per cent increase in turnover in the...


Earnings Review: Chellarams Plc FY Ended March 2013

  [upme_private]Chellarams Plc released its Full Year to March 2013 results with revenues dropping 6.8% to N23.3billion (2012: N25billion)....


Earnings Review: Oando Plc 2012 FY

    [upme_private]Oando Plc released its 2012 Audited Results with revenues increasing 17.8% to N673.1billion (2011: N571.3billion). Gross profit...


Don’t Panic: CBN Promises To Defend Naira

  CBN Deputy Governor (Operations), Mr. Tunde Lemo, told THISDAY at the weekend that the central bank would continue...


Nigerian Stocks: Top Ten Gainers And Losers For The Week Ended June 14 2013

Here is a list of the top ten stocks that saw higher appreciation in price for the week ended...


Launched: FXTM Introduces Over The Weekend Forex Trading Account

  The ForexTime Limited (FXTM) has introduced an “Over-the-Weekend (OTW) trading account, where traders can enjoy swap-free trading from...


Bubble Season: Naira Depreciates, Nigerian Bond Yields Rise, As Foreign Investors Pull Out Cash.

Yields on Nigeria’s 10-year bonds have increased by about three per cent in the past two weeks as investors...


Bubble? Neimeth Posted N69million loss in 2012, Yet The Stock Price Keeps Rising (Already 134% Month To Date)

  Neimeth has released its 2012 FY results as well as its first quarter 2013 results. Both results showed...


Earnings Review: Evans Medical Rides On Tax Credit To Post N285million PAT For 2012 FY

  [upme_private]Evans Medical Plc released its 2012 FY results with revenues rising 6.4% to N4.8billion (2011:N4.5billion). Gross profit rose...


Earnings Review: Transcorp Plc Q1 2013

  [upme_private]Transcorp Plc Released its first quarter 2013 results posting a revenue of N475million. The results did not include...


Decline of Europe and Rise of Emerging markets – (Is Nigeria ready?)

Key point is the European powers are no longer growing and the next ten years is prime for the Emerging...


Naira Falling Quickly Against The Dollar. Now At 10 Months Low

  Nigeria’s naira currency fell to its weakest level in almost 10 months on the interbank market on Friday,...


Write Backs, Cost Cutting Boost Union Bank’s 2013 Q1 PBT To N7.7billion

Union Bank Plc released its 2013 Q1 results with Gross Earnings remaining flat at N29.8billion (2012Q1: N29.8billion). Net Interest...


Alert: Analyst Predict June Will Be a Selling Month In The Stock Market:

In their weekly money and capital report on Monday, analysts at FSDH Securities Limited noted that some investors would...


Earnings Review: Beta Glass Plc FY 2012

Beta Glass Plc released its 2012 FY results with revenues rising just 1.6% to N12.9billion. Rising cost of raw...


Earnings Review: Vitafoam Plc H1 To March 2013

[upme_private]Vitafoam Plc released its 2013 6 months to March results with revenues rising 15% to N8.7billion (2012 H1: N7.6billion)....


Non Stop Losses – Dangote Flour Mills Post 2013 Q1 Pre- Tax Loss of N1.75billion

[upme_private]Dangote Flour Mills released its Q1 2013 results showing a slight rise in revenue of 1.8% to N14billion. Pre-tax...


ABC Transport Post Improved 2013 Q1 Revenue To N1.6billion

ABC Transport released its 2013 Q1 results with revenues rising 6.4% to N1.6billion. Gross Profit however dipped to N435million...