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42 Stocks listed from 2008 till date: How they are faring!

Category: Investors NewsBeat

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42 Stocks listed from 2008 till date: How they are faring!

July 15, 2012/ Proshare Research

Stock markets play a pivotal role in the growth of the industry and commerce of the country that eventually affects the economy of the country to a great extent.

In the process of approaching the market for fresh capital and thereafter, it is the responsibilities of the directors of companies to prepare the profit forecast in accordance with the standard requirements.

Companies striving for operational excellence and a competitive advantage realize the impact forecasting has upon the ability of a company to satisfy its investors and to simultaneously manage its resources. Effective forecasting helps management resolve the dilemma of more demanding customer requirements and greater shareholder expectations.

Forty-two (42) quoted companies were listed from 2008 till date. Out of the 42 firms, 38 currently trades below their listing prices, three are trading above while one is currently trading flat. Starcomms and Daar Communications Plc both led the group of firms trading below its listing price with -96.51% and -90.48% depreciations recorded.

Fortis Microfinance, Capital Hotels and McNichols Plc are the three quoted firms trading above its listing price with +10%, +6.77% and +4.08% appreciations recorded respectively while Austin Laz and Company Plc currently trades flat.

Financial Services sector has the highest number of companies listed among the 42 as it has fifteen (15) closed followed by ICT with eight (8). Consumer and Industrial Goods both have five (5) each and Healthcare has two (2). Agriculture, Construction/Real Estate, Natural Resources and Oil & Gas sectors had one (1) each.

Twenty (20) of the forty-two (42) stocks currently trades at the nominal price of 50k while eight (8) stocks from the Insurance sub-sector dominated the 50k stocks while ICT has five (5) of such stocks.

Click HERE to Read up on the Individual Analysis of the 42 Stocks listed from 2008 till date

This report is meant to reflect on the current position and performance of the forty-two (42) quoted firms listed from 2008 till date. Kindly find below the individual review and analysis on each affected firm that made the group.

Abbey Building Society Plc was listed on the Nigerian bourse on 21^st Oct, 2008 under the Financial Services Sector. The company has been witnessing an improvement in its turnover from N1.16bn in 2008 to N1.57bn in 2011 while its PAT went down from N189million in 2008 to N126 million in 2011.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N3.89k. It recorded price depreciations of -44.86% and -17.39% in 2009 and 2010 respectively while it closed 2011 positive with +8.27% price appreciations. The stock also remained flat in 2012 so far as it currently trades at 1.44k.

African Alliance Insurance Plc was listed on the Nigerian bourse on 17^th Sept, 2009 under the Financial Services Sector. The company witnessed a decline in its turnover from N1.43bn in 2009 to N1.36bn in 2010 while its recorded Loss After Tax of N1.69bn in 2008 and it further recorded another loss of N3.09 billion in 2010.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N3.67k. It recorded price depreciations of -75.076% and -42.53% in 2009 and 2010 respectively while it closed flat in 2011. The stock also remained flat in 2012 so far as it currently trades at nominal price of 0.50k from 19^th Feb, 2010.

Afromedia Plc was listed on the Nigerian bourse on 18^th May, 2009 under the Services Sector. The company witnessed an upbeat in its turnover from N2.39bn in 2009 to N3.24bn in 2011 while its recorded profit After Tax of N1340mln in 2009 but it recorded loss of N301 million in 2011.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N2.92k. It recorded price depreciations of -68.13% and -30% in 2009 and 2010 respectively while it also closed negative in 2011 with -7.41% price depreciations. The stock remained flat in 2012 as it currently trades at nominal price of 0.50k from 26^th Sept, 2011.

Aso Savings Plc was listed on the Nigerian bourse on 25^th April, 2008 under the Financial Services Sector. The company witnessed an upbeat in its turnover from N7.06bn in 2008 to N11bn in 2010 while it’s also recorded Profit after Tax of N1.06bln in 2008 and moved to N1.21 billion in 2010.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N3.67k. It recorded price depreciations of -68.36% and -10.71% in 2009 and 2010 respectively while it also closed negative in 2011 with -7.41% price depreciations. The stock remained flat in 2012 as it currently trades at nominal price of 0.50k from 24^th May, 2010.

Austin Laz Company Plc was listed on the Nigerian bourse on 29^th Feb, 2012 under the Industrial Goods sector. The company’s 2010 financials shows that it declared N518mln turnover and N36mln PAT while the figure was far below its forecast figures of N5.45bn and N1.17bn for turnover and PAT respectively for the same period.

The stock was listed at the share price of N2 and it has remained unchanged since its listing.

BAGCO Plc was listed on the Nigerian bourse on 9^th Apr, 2008 under the Industrial Goods sector. The company has been witnessing an increase in its turnover from N7.4bn in 2008 to N18.5bn in 2011 while its PAT also went up from N75million in 2008 to N1.02 billion in 2011.

The company financials closed far below its forecast figures in most of the periods of review.

The stock was listed at the share price of N4.09k. It recorded price depreciations of -57.85% and -26.09% in 2009 and 2011 respectively while it closed 2010 positive with +4474% price appreciations. The stock has recorded +14.455 gains in 2012 so far as it currently trades at the price of 1.98k

Beco Petroleum Plc was listed on the Nigerian bourse on 7^th Oct, 2009 under the Oil & Gas Sector. The company witnessed a drop in its turnover from N3.99bn in 2009 to N2.68bn in 2011 while it’s also recorded Profit after Tax of N176mln in 2009 and moved to record N168 million loss in 2011.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N2.50k. It recorded price depreciations of -3.44% and -76.28% in 2009 and 2010 respectively while it also closed negative in 2011 with -16.67% price depreciations. The stock remained flat in 2012 as it currently trades at nominal price of 0.50k.

Capital Hotels Plc was listed on the Nigerian bourse on 14^th Aug, 2008 under the Services sector. The company witnessed an appreciation in its turnover from N3.9bn in 2008 to N4.9bn in 2011 while its PAT also went up from N209million in 2008 to N581 million in 2011.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N6.50k. It recorded price depreciations of -78.77% in 2008 while it recorded +150% and +105.45% gains in 2009 and 2010 respectively. The stock has so far recorded +2.36% YTD gains in 2012.

Chams Plc was listed on the Nigerian bourse on 24^th Sept, 2008 under the ICT sector. The company has been witnessing a drop in its turnover from N2.4bn in 2008 to N1.7bn in 2011 while its PAT also went down from N193million in 2008 to N1,236 million loss in 2011.

The company 2008 financial closed far below its forecast as it forecasted N14bn in 2008 and made N2.4bn while N1.9bn was forecasted for PAT and N193million was declared.

The stock was listed at the share price of N2.62k. It recorded price depreciations of -76.73% and -15.25% in 2009 and 2010 respectively while it closed 2011 flat. The stock also remained flat in 2012 so far as it currently trades at 50k nominal price from 2^nd Sept, 2010.

Courtville Business Solutions Plc was listed on the Nigerian bourse on 1^st Apr, 2009 under the ICT sector. The company witnessed an appreciation in its turnover from N600mln in 2008 to N855mn in 2011 while its PAT went down from N273million in 2008 to N245million in 2011.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N2.62k. It recorded price depreciations of -80.92% in 2008 while it closed flat in other periods of review.

Daar Communications Plc was listed on the Nigerian bourse on 26^th Sep, 2008 under the Services sector. The company witnessed an appreciation in its turnover from N3.6bln in 2008 to N4.82bn in 2010 while its recorded Loss after Tax of N381mln in 2008 and it further increased in 2010 to N1.56bn.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N5.25k It recorded price depreciations of -83.86% and -13.79% in 2009 and 2010 respectively while it closed 2011 flat. The stock also remained flat in 2012 so far as it currently trades at 50k nominal price.

Dangote Cements Plc was listed on the Nigerian bourse on 26^th Oct, 2010 under the Industrial Goods sector. The company witnessed an appreciation in its turnover from N619mln in 2008 to N235bn in 2011 while its recorded Profit after Tax of N179mln in 2008 and it further increased in 201 to N125bn.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N135. It recorded price depreciations of -11.11% and -7.69% in 2010 and 2011 respectively. The stock has recorded +1.11% gains in 2012 so far as it currently trades at N112.

Dangote Flour Mills Plc was listed on the Nigerian bourse on 4^th Feb, 2008 under the Consumer Goods sector. The company witnessed an appreciation in its turnover from N47bln in 2008 to N66bn in 2011 while its recorded Profit after Tax of N2.9bln in 2008 while it decreased in 2011 to N677mln.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N15. It recorded price depreciations of -25.78% and -70.76% in 2009 and 2011 respectively while it closed 2010 with +61.23 price appreciations. The stock has so far recorded +20.27% price appreciations in 2012.

Etranzact Plc was listed on the Nigerian bourse on 10^th Jul, 2009 under the ICT sector. The company witnessed an appreciation in its turnover from N757mln in 2009 to N2.24bn in 2011 while its recorded Loss after Tax of N174mln in 2009 and went to declare N81mln PAT in 2011.

The company’s offer document is not available for proper review and analysis and as such could not compare their forecasts with the actual figures.

The stock was listed at the share price of N4.80. It recorded price depreciations of -22.34% and -0.60% in 2010 and 2011 respectively while it closed 2009 with +21.21 price appreciations. The stock has so far recorded -18.22% price depreciations in 2012.