Stocks to watch comprises the top gainers and losers of the previous week, as well as companies expected to have corporate actions this week.
Stocks to watch is not a Buy/Sell/Hold list
Beta Glass Plc
Beta Glass takes the first spot in this week’s watchlist, having led gainers for the previous week. The stock gained 23.1% last week, and could decline if investors decide to cash in their profits.
Goldlink Insurance Plc
Goldlink Insurance takes the second spot in this week’s watchlist, as it was the worst performing stock last week. The stock declined by 36.11% this week, and may drop further due to its poor fundamentals.
Cadbury Nigeria Plc
Cadbury Nigeria takes a spot this week, as the qualification date for its 2018 dividend is the 17th of May. Investors may decide to take positions in the stock in a bid to qualify.
The firm will be paying a dividend of N0.25 for the 2018 financial year.
International Breweries Plc
International Breweries maintains a spot in this week’s watchlist, as the company is yet to release its release its results for the 2018 financial year. In addition, its Q1 2019 results are due.
Presco Plc also maintains a spot this week, as the company is yet to release its audited full year 2018 results. The firm had indicated that it would release the results on or before the end of May.
11 Plc, Infinity Trust Mortgage Bank, Seplat Plc, Newrest ASL
11 Plc (formerly known as Mobil Oil Nigeria), Infinity Trust Mortgage Bank, Seplat Petroleum, Nigerian Breweries and Newrest ASL have a joint spot this week’s watchlist; the companes will be holding their Annual General Meetings (AGMs) this week.