Stocks to watch comprises the best and worst performing stocks of the previous week, companies that had corporate actions after Friday’s closing bell, and those expected to hold this week.
Stocks to watch is not a Buy/Sell/Hold recommendation.
Ikeja Hotels et al
Ikeja Hotels and all other firms holding Annual General Meetings or Court Ordered Meetings this week have a joint spot this week.
They include Lafarge Africa, Presco Plc, CCNN, Studio Press Nigeria, Sovereign Trust Insurance, and NPF Microfinance Bank Plc.
Others are Nigerian Aviation Handling Company Plc, and John Holt Plc.
MTN Nigeria and CAP Plc
MTN Nigeria and CAP Plc have a joint spot this week, as they will hold board meetings on the 24th of July, 2019. The firms could release their results shortly after.
LASACO Assurance et al
LASACO Assurance Plc, Royal Exchange Plc, Regency Alliance Plc, and AXA Mansard Insurance Plc have a joint spot this week, as they will be holding board meetings between the 24th and 25th of July respectively.
Access Bank et al
Access Bank Plc, Nestle Nigeria Plc, UPDC Plc, Dangote Cement Plc, and The Initiates Plc will hold board meetings on the 26th of July 2019.
Except Access Bank, the other firms could release their results shortly after.
Oando Plc has a spot this week, as further hearing on the suit between the Securities and Exchange Commission (SEC), and the company’s Group CEO, Wale Tinubu, and Deputy Group CEO, Mofe Boyo, continues this week.
Omatek and Deap Plc
The two firms jointly occupy the last spot in this week’s watchlist, by virtue of notices sent after Friday’s closing bell. The two firms have been in limbo for a while: Omatek, due to the death of its Founder/Managing Director Florence Seriki, and Deap Capital, due to a suspension placed by the Securities and Exchange Commission (SEC).
A backlog of results could be released this week.