[ASK NSE] Where is Honeywell’s & Oando’s Result?

We are more than half year into 2015 and Honeywell Nigeria Plc is yet to release its 2014 FY results and neither has it released any result this year. This is the type of unruly behaviour perpetuated everyday by listed companies. The Nigerian Stock Exchange which is meant to be the regulator for listed companies allow these sort of infractions to occur year after year with no logical explanation.

Another Listed Company, Oando Plc is also yet to release its 2014 FY results and neither has it released any result this year. Both companies have also not announced any corporate action this year either in terms of dividends or bonus issues. The last result they both released was their 2014 9 Months result

They are not the only companies yet to release any result making this a very common feature of a stock exchange that hopes to hit $1tr in market capitalisation someday.

For retail investors (whom we look out for in Nairametrics) our candid advice is that you deists from investing in companies that are yet to release their annual or interim result as and when due. It mostly smacks of mischief and foul play for these companies to be delaying this long without an official explanation.