2014 is come and gone and these were the best 5 Nigerian stocks this year in terms of returns (share price gains). In a year that saw the All Share Index dip by -16.14% year to date and many stocks recorded multiple one year lows during the course of the year. However, the following stocks posted incredible returns in 2014.
|Best Return Year-To-Date (YTD)|
|2014||Jan 1-Dec 31st|
|Premier Breweries plc||392.21%|
|Ikeja Hotel plc||374.36%|
|Forte Oil Plc||133.15%|
|Seven-Up Bottling Company Plc||131.65%|
|Beta Glass Company plc||92.52%|
Premier Breweries – The rally for the stock started in August 7, 2014 when the stock was still trading at 77kobo. And then the rally began that took it all the way to N5.37kobo sometime in September before beginning a slide that will take it down to N3.98. The stock traded relatively flat and closed the year at N3.79.
Ikeja Hotels – The stock began its own rally September 1 when the share price was just 88 kobo. It soldiered on all through the rest of the year and when to as high as N4.20 and was posting 580% returns before closing the year at N3.70.
Forte Oil – FO began its amazing rally from where it ended in 2013. After posting over 1000% returns at some point in 2013 it came into 2014 with a lot of scrutiny. However, another bullish rally will commence in March that saw the stock rally to as high as N259 within three months. The cut back will begin towards the end of June taking the stock below N200 for this first time since March. FO still closed the year high at N227.9
7up Plc – This was one stock we expected to hit N200 by the end of 2014 after it featured as one of our valuation picks on Nairametrics. That is however not enough to take away the impressive rally this stock demonstrated during the year. It opened the year at about N71 and commenced a huge rally in June taking it to as high as N197 at some point in October 2014 and very close to our target price. However, the sell-offs that ensued towards the end of the year will drive the stock downwards to as low as N135 before closing the year higher at N165.4
Beta Glass – This was another of our stock picks this year that we estimated at a value of N40 at some point in 2014. However, it did rise to as high as N27.78 incidentally its year-end price. After opening the year at about N14.5 Beta Glass gained about 92% to close the year at N27.78. The rally began sporadically in August 2014 before catching fire towards the end of the year ironically in the midst of the sell-offs. I get the feeling there is more to come from this stock.
Disclaimer: Beta Glass and Seven Up were included in the Ugometrics Portfolio in 2014. However, Seven Up was sold towards the end of the year. We still hold Beta Glass shares.