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RESORTSAL Share Price Remains Flat For Eight (8) Years

Proshare

Tuesday, March 27, 2018 /05:45 PM / Omosuyi Temitope  Proshare Research 


RESORTSAL
share price currently traded at 0.50k, a value the company has traded for 8 years to date with 0.00% returns. 

However,
on Thursday, March 8, 2018, the firm announced to have found a prospective investor; Milost Global Inc which is expected to agree to a commitment of  $250 million financing facility after the approval of the CBN.
 

Obviously, its share price has not responded to the proposed facility.
 

Table1: 8 Years Share Price Performance Review

Year

Open

Close

Return

2018-YTD

0.5

0.5

0.00%

2017

0.5

0.5

0.00%

2016

0.5

0.5

0.00%

2015

0.5

0.5

0.00%

2014

0.5

0.5

0.00%

2013

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2010

0.5

0.5

0.00%

Source: Proshare Research 

Graph 1: RESORTAL Share Price – Nov 23, 2009 to November 17, 2016
Proshare Nigeria Pvt. Ltd.
Source: Proshare Research
 


Stocks listed in the Mortgage carriers, brokers and services sub-sector performed similarly to date. As shown in the table below, returns remained flat at the end of trading as at 27
th of March, 2018.  

Table 2: Mortgage Carriers, Brokers and Services Sub-sector YTD Share Price Performance Review

Company

Open

Close

Return

ABBEYBDS

1.30

1.30

0.00%

ASOSAVINGS

0.50

0.50

0.00%

RESORTSAL

0.50

0.50

0.00%

UNHOMES

3.02

3.02

0.00%

OMOSAVBNK

0.90

0.90

0.00%

Source: Proshare Research  


Out of the fifty-eight (58) listed Financial service sector companies on the Exchange, six (23) recorded positive YTD returns, twenty-two (22) recorded negative returns and twelve (12) remained flat. The positives led by
UNITYBNK recorded +143.40% return and closely followed by NPFMCRFBK and  FCMB with +69.60% and 64.16% YTD return respectively while UNIC and UNITYKAP
topped the reds, closed with negative returns of -64% and -56% YTD respectively. 

Table 3: Financial Services Sector YTD Share Price Performance Review

Company

Open

Close

Return

ABBEYBDS

1.30

1.30

0.00%

ACCESS

10.45

11.30

8.13%

AFRINSURE

0.50

0.23

-54.00%

AFRIPRUD

4.22

4.05

-4.03%

AIICO

0.52

0.69

32.69%

ASOSAVINGS

0.50

0.50

0.00%

CONTINSURE

1.40

1.71

22.14%

CORNERST

0.50

0.38

-24.00%

CUSTODIAN

3.89

4.10

5.40%

DEAPCAP

0.50

0.48

-4.00%

DIAMONDBNK

1.50

2.15

43.33%

EQUITYASUR

0.50

0.35

-30.00%

ETI

17.00

17.80

4.71%

FBNH

8.80

12.25

39.20%

FCMB

1.48

2.43

64.19%

FIDELITYBK

2.46

2.72

10.57%

FORTISMFB

2.58

2.58

0.00%

GNI

0.50

0.50

0.00%

GOLDINSURE

0.53

0.53

0.00%

GUARANTY

40.75

46.90

15.09%

GUINEAINS

0.50

0.40

-20.00%

HMARKINS

0.50

0.32

-36.00%

INFINITY

1.44

1.44

0.00%

INTENEGINS

0.50

0.50

0.00%

JAIZBANK

0.63

0.91

44.44%

LASACO

0.50

0.36

-28.00%

LAWUNION

0.77

0.68

-11.69%

LINKASSURE

0.66

0.80

21.21%

MANSARD

1.93

2.55

32.12%

MBENEFIT

0.50

0.38

-24.00%

NEM

1.66

2.70

62.65%

NESF

552.20

552.20

0.00%

NIGERINS

0.50

0.35

-30.00%

NPFMCRFBK

1.25

2.12

69.60%

PRESTIGE

0.50

0.47

-6.00%

REGALINS

0.50

0.28

-44.00%

RESORTSAL

0.50

0.50

0.00%

ROYALEX

0.50

0.33

-34.00%

SIMCAPVAL

103.24

103.20

-0.04%

SKYEBANK

0.50

0.79

58.00%

SOVRENINS

0.50

0.25

-50.00%

STACO

0.50

0.48

-4.00%

STANBIC

41.50

45.65

10.00%

STDINSURE

0.50

0.44

-12.00%

STERLNBANK

1.08

1.74

61.11%

UCAP

3.53

3.40

-3.68%

UBA

10.30

11.50

11.65%

UBN

7.80

6.70

-14.10%

UNHOMES

3.02

3.02

0.00%

UNIC

0.50

0.18

-64.00%

UNITYBNK

0.53

1.29

143.40%

UNITYKAP

0.50

0.22

-56.00%

UNIVINSURE

0.50

0.50

0.00%

UPDCREIT

10.00

10.00

0.00%

WAPIC

0.50

0.57

14.00%

WEMABANK

0.52

0.75

44.23%

ZENITHBANK

25.64

30.20

17.78%

OMOSAVBNK

0.9

0.9

0.00%

Source: Proshare Research

Proshare Nigeria Pvt. Ltd.

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