Stock to watch this week, Airtel Africa

Stocks to watch comprises the top gainers and losers of the prior week,  companies that had corporate actions after trading hours on Friday, and those expected to take place this week. 

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

FBN Holdings Plc  

FBN Holdings will be holding a board meeting this week to consider its Q1 2019 results, hence taking the first spot.  

The results may be released this week as the lender had indicated that it would hold a conference call to discuss them alongside FY 2018 results.  

In addition, moved the qualification date for its dividend from the 22nd of April, 2019 to the 23rd of April, 2019 due to the Easter holiday, which fell on the latter day.

The shareholders register will also be closed from the 24th to 29th of April, 2019 (both days inclusive).  

UBA Plc  

UBA Plc has a spot on this week’s watchlist by virtue of being one of the few FUGAZ banks that are yet to release their Q1 2019 results. A board meeting to consider the results was held last week, and as such, they could be released anytime from now.  

The bank will also be holding its Annual General Meeting this week.  

Chams Plc  

Chams Plc has a spot on the watchlist by virtue of being the best performing stock last week. The stock gained 28.57% last week and has been on a bull run since it declared a N0.03 dividend.  

Portland Paints Plc and CAP Plc 

The two sister firms held board meetings last week held a board meeting to consider their Q1 2019 results, but are yet to release them, hence a joint spot on this week’s watchlist.  

Mc Nichols Plc  

Mc Nichols Plc held a meeting last week to consider its Q1 2019 results but is yet to release them, hence the stock is placed on this week’s watchlist.  

Royal Exchange Plc  

Royal Exchange Plc appears on this week’s watchlist by virtue of the impending release of its FY 2018 results following a board meeting held last week.  

Julius Berger Plc  

Julius Berger Nigeria Plc will hold a board meeting on Thursday, April 25, 2019 to consider results for the first quarter ended March 2019, hence its spot on Nairametrics watchlist.  

Africa Prudential Plc  

Africa Prudential has a place in this week’s watchlist by virtue of an impending conference call to discuss the firm’s Q1 2019 results.  

Regency Alliance Insurance Plc  

Regency Alliance Insurance Plc appears on this week’s watchlist due to a board meeting scheduled for this week Thursday. The agenda includes the consideration of the insurance firm’s Q1 2019 results and a likely change in the corporate structure.  

UAC Nigeria Plc  

UAC Nigeria will hold a board meeting this Thursday to consider the conglomerate’s Q1 2019 results, hence the stock having a place on this week’s watchlist.  

Prestige Assurance Plc  

Prestige Assurance Plc will be holding a board meeting this Friday to consider the firm’s Q1 2019 results.  

 

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