Stocks to watch this week comprises the top gainers and losers of the previous week and companies that released results or made announcements after Friday’s trading session.

It is not a Buy/Sell/Hold recommendation.

Here are stocks that will be on our radar this week.

Transnational Corporation of Nigeria Plc

Transnational Corporation (commonly known as Transcorp) tops our stocks to watch list by virtue of reports of key shareholder, Heirs Holdings, raising funds to purchase blocks owned by Shell. Heirs Holdings is ultimately controlled by Tony Elumelu. 

The deal, if successful, would lead to Transcorp running a power plant owned by Shell.

United Capital Plc

United Capital also occupies a spot on our watchlist due to the potential fundraise by Heirs Holdings. Tony Elumelu, the main party behind Heirs, also owns a stake in United Capital. As an investment bank, the company would play a key role in the transaction. 

Linkage Assurance Plc

Linkage Assurance Plc makes our watchlist this week by virtue of being the highest gaining stock last week. The stock gained 9.72% last week, closing at N0.72.

Union Diagnostic and Clinical Services Plc

Union Diagnostics Plc is on our watchlist this week by virtue of being the worst performing stock last week. The stock shed 34.29% to close at N0.23.

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Capital Oil Plc

Capital Oil Plc will be holding an Extraordinary General Meeting (EGM) on the 26th of July, 2018. The agenda of the meeting is the acquisition of a stake by Pinnacle Oil and Gas through a private placement.

Royal Exchange Plc

A suspension placed on the company was lifted last week Friday. The company has since released its results for the full year ended December 2017 and first quarter ended March 2018. Companies lifted from suspension tend to either fall or rise sharply.

Standard chartered

Niger Insurance Plc

Niger Insurance Plc makes our watchlist this week by virtue of its holding its Annual  General meeting on the 23rd of July, 2018. AGMs are opportunities for investors to be briefed about management teams’ plans for the year.

Livestock Feeds Plc

Livestock Feeds Plc will be holding its Annual General Meeting on the 23rd of July, 2018.

Abbey Mortgage Bank Plc

Abbey Mortgage Bank will be holding its Annual General Meeting (AGM) on the 24th of July, 2018.

Great Nigeria Insurance Plc

Great Nigeria Insurance Plc will be holding an Extraordinary General Meeting (EGM) and Annual General Meeting (AGM) on the 24th and 25th of July respectively. The two meetings are pertinent because the company has indicated interest in delisting from the NSE, a move which retail investors may kick against.  

Presco Plc

Presco Plc will be holding its Annual General Meeting on the 25th of July, 2018.

Studio Press Plc

Studio Press Plc will be holding its Annual General Meeting (AGM) on the 25th of July, 2018.

Capital Oil Plc

Capital Oil Plc will be holding its Annual General Meeting (AGM) on the 26th of July, 2018.

Omoluabi Mortgage Bank Plc

Omoluabi Mortgage Bank Plc will be holding its Annual General Meeting (AGM)  on the 26th of July, 2018.

Champion Breweries Plc

Champion Breweries will be holding its Annual General Meeting (AGM) on the 26th of July, 2018.

The Initiates Plc

The Initiates Plc is into waste management, Industrial Cleaning, and decontamination services. The company will be holding its Annual General Meeting (AGM) on the 27th of July, 2018.

Oando Plc

Oando Plc will be holding its Annual General Meeting (AGM) on the 27th of July, 2018. This AGM would be of note due to reports of the company’s Group CEO Wale Tinubu and Deputy CEO Mofe Boyo being asked to pay the sum of $680 million to Ansbury Incorporated, owned by Gabriele Volpi.

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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