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These two stocks just hit their 52 weeks high

Nairametrics by Nairametrics
May 10, 2015
in Uncategorized
These two stocks just hit their 52 weeks high
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For value investors, payback is usually when they see their faith in a stock rewarded after a long wait that includes periods of in activity and bearishness. Just last week Vitafoam and C&I Leasing its 52 weeks high on the back of two respective impressive results.

Vitafoam One year high

Vitafoam closed the week at a price of N6.40 after opening the week at 4.83. That was a 31% gain in just one week. Why was this? Vitafoam declared dividends of 30kobo per share and a 1 for 5 bonus issue. In addition, they also reported a better than expected earnings per share.

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C&I Leasing

C&I Leasing last week also released impressive results and backed that up with a dividend per share of 8kobo representing a 50% rise from what it declared a year ago. The share price will then rise from 52 kobo to 55 kobo representing a 27% increase within a week.

 

Tags: VITAFOAM
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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