Stock to watch this week, Airtel Africa

Stocks to watch this week comprises the top gainers and losers of the prior week, as well as companies that are likely to have corporate actions this week.  

Stocks to watch is not a Buy/Sell/Hold list.  

11 Plc 

11 Plc has a spot on this week’s watchlist by virtue of its releasing its full-year 2018 results after trading hours. Investors may decide to take positions in view of the dividend declared.  

Livestock Feeds Plc

Livestock Feeds Plc has a spot on this week’s watchlist by virtue of the impending release of its FY 2018 results. The board of the company had met last Friday to approve them.

Custodian Investment Plc  

Custodian Investment Plc has a spot on this week’s watchlist by virtue of a board meeting held last week. The company could release its results at any point from now.  

Mc Nichols Plc  

Mc Nichols Plc is on this week’s watchlist by virtue of being last week’s best performing stock. The stock appreciated by 22.81%, opening at N0.57 and closing at N0.70, up N0.13. Year to date, the stock is up 48.94%. 

Cutix Plc   

Cutix Plc was the worst performing stock this week, hence its spot on this week’s watchlist. The stock fell by 17.78% and could witness upside this week.  

Africa Prudential Plc  

Africa Prudential Plc has a spot on this week’s watchlist by virtue of the company holding its Annual General Meeting on the 26th of March, 2019.  

United Capital Plc  

United Capital Plc has a spot on this week’s watchlist by virtue of holding its Annual General Meeting. 

FBN Holdings Plc  

FBN Holdings Plc has a spot this week by virtue of being the only FUGAZ Bank that has yet to release its full-year 2018 results. While the bank typically tends to release its FY 2018 results in April, an early release is not out of the question.

Pharmadeko Plc 

Pharmadeko Plc will be holding a board meeting on Tuesday, March 26, 2019, to consider the company’s audited 2018 results and other items.  The results could be released shortly after, hence its spot on the watchlist this week. 

Eterna Plc 

Eterna Plc will also be holding a board meeting on Tuesday, March 26, 2019, to consider the company’s audited Financial Statements of for the year ended 31st December 2018. The results could be released shortly after.

Mutual Benefits Assurance Plc  

Mutual Benefits Assurance Plc has a place on this week’s watchlist by virtue of a board meeting holding on Wednesday 27th of March 2019. Agenda is to consider the group’s audited results. 

ABC Transport Plc 

ABC Transport Plc will also be holding a board meeting on the same day to consider the company’s draft 2018 results and other items.  

The Initiates Plc 

The Initiates Plc will be holding a board meeting on the 29th of March 2019, hence its place on the watchlist this week. Agenda will be the consideration of the company’s full-year 2018 results and other items.  The results could be released shortly after. 

  

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