Wednesday, August 01, 2012 / The Analyst / Proshare Research

Companies in the NEWS Today – Total Nigeria Plc, First City Monument Bank Plc, Unilever Nigeria Plc, Dangote Cement Plc, Red Start Express Plc, Multiverse Nigeria Plc, UBA Plc and Lafarge Wapco Plc

Total Nigeria plc: Total Upstream Companies in Nigeria has invested about $10 billion (N160 billion) in various oil and gas projects in Nigeria in the past five years. The oil multinational is also planning to add about 350,000 barrels per day capacity to the nation’s oil production within the next three years through its Usan and Akpo oil fields. The Managing Director/Chief Executive Officer, Total Upstream Companies in Nigeria, Guy Maurice, while examining the company’s operation in Nigeria, in its “Focus Nigeria”, said Total has a bright future in Nigeria and would continue to invest in the country.



Total share price recorded +7.51% gains in 2008 while it went down by -23% in 2009. It resumed uptrend as it recorded a whopping +57.05% gains in 2010. The stock sheds -19.62% in 2011 while it further went down by -29.29% in 2012. In its Q2 ’12 financials, it recorded positive growths in both turnover and PAT.

First City Monument Bank (FCMB) Plc has made public its H1 2012 financials. According to a press statement signed by the Bank’s Group Head Corporate Communications, Mr. Kenny Aliu, It is expected that the consolidation exercise between FCMB and Finbank Plc will impact the restructuring costs and barring unforeseen circumstances lead to CIR reduction and PBT improvement.



The banking stock recorded -68.22% losses in 2008 while it went up by +19.33% and +4.75% in 2009 and 2010 respectively. The stock went down by -44.27% price depreciation in 2011 while it has recorded a depressing performance in 2012 with -25.12% YTD losses recorded so far.

Unilever Nigeria Plc declaring its profit after tax for the period ended June 30, 2012 has posted some declines in its financials. The company has revealed that it will be investing over €100 million in Unilever Nigeria within the next three years, Paul Polman, Unilever Global CEO, said during his visit to Nigeria. The Unilever boss who believes that there are opportunities in Nigeria, said the company would double its business in the country and make Nigeria the biggest and best Unilever business in Africa by setting standards on how business was done.



The household producing firm recorded price depreciation in 2008 with -52.49% decline recorded. The stock resumed uptrend to erase previous losses with +78.23% gains recorded while further gain was also recorded in 2010 with +45.41% appreciations recorded. The stock closed 2011 with +7.81% appreciations while it has recorded +20.69% YTD gains in 2012.

Dangote Cement Plc: Dangote Group’s investment in cement in Tanzania has been warmly welcomed by the government of Tanzania, and the government has therefore pledged its readiness to give all necessary assistance to Dangote Cement plc to ensure the timely completion of the cement project in the East African country. Wife of the President of Tanzania Salma Kikwete, who conveyed the message at Obajana Cement Plant during her tour of the factory at the weekend, expressed appreciation of her people to Dangote Group for extending its pan-Africa operations to her country.



The stock share price closed negative in 2010 and 2011 with -11.11% and -7.69% in that order while it also recorded +2.92% gains in 2012 so far. The company also recorded positive growth performance in its Q1 2012 financials.

Red Star Express Plc, the franchisee of global courier brand, Federal Express (FedEX), has within the 20 years of operations increased its revenue from N38 million in 1992, when it started to a whopping N5 billion in March 2012, having positioned to play in the global market. The company, which recently announced the celebration of its 20th anniversary, has just unveiled an anniversary logo to reflect its vision and leadership position in the country’s logistic industry.



Skye Bank Plc recorded -53.86% loss in 2008 ad it further went down by -44.59% in 2009. It witnessed an impressive performance in 2010 with +33.95% gains recorded while parts of the appreciations were erased in 2011 with the share price recording -17.01%. The financial institutions has recorded +25.52% YTD gains in 2012 and has also witnessed positive growths of +19.5% in gross earnings and +6.50% in PAT

Multiverse Nigeria Plc has expanded its operations into the mining of solid minerals with a promise to deliver high returns to shareholders in the very near future. The company, which is a leader in the production of granite stones, has now expanded into the solid minerals mining with focus on lead ore, barite ore and copper ore. Speaking at the ninth annual general meeting of the company in Lagos, recently, Ayedun Fasina, managing director/CEO, Multiverse, said given the bright prospects in the solid minerals industry and the investment the company was making, investors would reap improved benefits in the future.



The stock recorded -62.96% and -28.57% losses in 2008 and 2009 respectively while it closed 2010 and 2011 flat. It has so far remained flat in 2012 as it currently trades at 50k nominal price. The firm recorded negative turnover growth and positive PAT growth in its Q1’ 12 financials.

UBA Nigeria plc says its first phase of its African expansion programme has been completed. The programme, according to the bank’s Group Managing Director/Chief Executive Officer, Mr. Phillips Oduoza, enabled UBA to reinforce its businesses in order to deepen its penetration. To the UBA boss, the phase which the bank has entered is the consolidation phase where he expects all its subsidiaries to contribute significantly to the group’s earnings



The banking stock closed negative throughout the periods of review as it records -73.43%, -17.87%, -15.28% and -71.69% losses in 2008, 2009, 2010 and 2011 respectively while it has also recorded +69.50% YTD gains in 2012.

Lafarge Cement WAPCO Nigeria Plc with a rise by 176 per cent in its profit after tax for the half-year ended June 30, 2012 has hinged the future growth of its business on the growing housing needs of Nigerians. According to the Chairman of the company, Chief Olusegun Osunkeye, “Nigeria has an estimated deficit of 16 million housing units, and if federal and state governments, and the private sector make significant efforts to bridge half of the estimated deficit, cement consumption, based on this premise, would rise significantly.”



The cement firm stock recorded -68.05% losses in 2008 while it went up by +17.65% and +35.67% in 2009 and 2010 respectively. The stock went down by -98.45% price depreciations in 2011 while it has recorded a positive performance in 2012 with +2.43% YTD gains recorded so far.

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