ABC Transport shares has seen better days than it has in the last 6 months. It is a stock in Ugometrics Portfolio and the least performed of all the stocks in the portfolio. To be fair they issued a dividend of 13kobo per share but that is not enough to stop the stock from its recent decline. Rather, the share price has been hit by a string of disappointing results as the company failed to improve and surpass expectations following its 2012 quarterly interim reports.
The result off course Is a string of losses that has seen the share price loose 63% of its value following its peak of N1.26 back in July. The share price is currently 80kobo and has even dropped to as low as 69kobo in the course within the last 5 months. We still hold the stock in our portfolio and believe the company has a good business model and good reputation it has built in the maket place. However, the company has to remain consistent and shed of the huge cost and impairment it is taking on periodically across its