Market Views Archives - Nairametrics

Will Ecobank Nigeria’s lagging performance impact group prospects?

Idika Aja — Sun, 18 Aug 2024 08:41:42 +0000

As Ecobank Group continues to navigate the complexities of the African banking landscape, its Nigerian operations are increasingly becoming a point of concern, consistently lagging behind the Group’s other regions in terms of performance.

The post Will Ecobank Nigeria’s lagging performance impact group prospects? appeared first on Nairametrics.

UACN performance review through Q2 2024: Is now the Time to Buy?

Idika Aja — Fri, 16 Aug 2024 05:51:52 +0000

UAC of Nigeria Plc recently released its Q2 2024 results, showing a 44% growth in pre-tax profit to N5.92 billion.

The post UACN performance review through Q2 2024: Is now the Time to Buy? appeared first on Nairametrics.

Windfall Tax: Why Nigerian banks are still positioned for resilient growth

Idika Aja — Sun, 11 Aug 2024 08:44:42 +0000

Given the recent policy shifts affecting the Nigerian banking sector, including the Central Bank of Nigeria's (CBN) revised capital requirements and the windfall taxes, it's understandable that both local and foreign investors might harbor concerns about the sector's stability.

The post Windfall Tax: Why Nigerian banks are still positioned for resilient growth appeared first on Nairametrics.

Nigerian cement companies’ declining margins: A cautious note for investors?

Idika Aja — Thu, 08 Aug 2024 10:19:58 +0000

Just like other sectors, such as consumer goods and ICT, which have negatively been affected by the 2023 policy shifts, the industrial sector has not been left out.

The post Nigerian cement companies’ declining margins: A cautious note for investors? appeared first on Nairametrics.

Zenith Bank’s capital raise Hybrid Rights Issues and PO: The Takeaways

Idika Aja — Wed, 07 Aug 2024 06:58:46 +0000

Zenith Bank Plc has announced a Hybrid Rights Issue and offer for subscription, aiming to raise about N290 billion.

The post Zenith Bank’s capital raise Hybrid Rights Issues and PO: The Takeaways appeared first on Nairametrics.

Cadbury Nigeria’s first half-year 2024 improvement: Time to Buy, Hold, or Sell?

Idika Aja — Mon, 05 Aug 2024 17:08:05 +0000

The Nigerian financial landscape has been tumultuous since 2023, marked by policy shifts that have had varied impacts across different sectors.

The post Cadbury Nigeria’s first half-year 2024 improvement: Time to Buy, Hold, or Sell? appeared first on Nairametrics.

Analysis: BUA Foods’ first half 2024 results: A mixed bag for investors

Idika Aja — Sun, 04 Aug 2024 17:46:46 +0000

Amidst macroeconomic challenges, BUA Foods has continued to demonstrate strong financial performance, good market presence and operational strength.

The post Analysis: BUA Foods’ first half 2024 results: A mixed bag for investors appeared first on Nairametrics.

Analysis: Is Jaiz Bank a Buy, a Hold, or a Sell?

Idika Aja — Fri, 19 Jul 2024 05:17:52 +0000

Jaiz Bank Plc, Nigeria's pioneering Non-Interest Bank operating under Islamic banking principles, has seen substantial growth in its share price since its listing on February 9, 2017.

The post Analysis: Is Jaiz Bank a Buy, a Hold, or a Sell? appeared first on Nairametrics.

Analysis: Is Seplat Energy a Buy, a Hold, or a Sell?

Idika Aja — Fri, 12 Jul 2024 10:25:52 +0000

The year 2023 was fantastic for Seplat Energy, with the share price gaining 110% to reach N2,310.

The post Analysis: Is Seplat Energy a Buy, a Hold, or a Sell? appeared first on Nairametrics.

Access Holdings Plc Rights Issue: The Takeaways

Idika Aja — Thu, 11 Jul 2024 05:21:37 +0000

On July 7, 2024, Access Holdings Plc announced that it received approval from the Securities and Exchange Commission to execute a rights issue of 17.772 billion ordinary shares at N19.75 each, based on 1 new share for every 2 held as of June 7, 2024.

The post Access Holdings Plc Rights Issue: The Takeaways appeared first on Nairametrics.

Analysis: Is GTCO a Buy, a Hold, or a Sell?

Idika Aja — Mon, 08 Jul 2024 01:05:40 +0000

GTCO is about to embark on a right issue as it targets a N360 billion capital raise. Is the current share price of N47 a buy, sell or hold?

The post Analysis: Is GTCO a Buy, a Hold, or a Sell? appeared first on Nairametrics.

Fidelity Bank’s Capital Raise Hybrid Right Issues and IPO: The Takeaways

Idika Aja — Mon, 24 Jun 2024 05:13:25 +0000

Staying true to its earlier announced plan to address the shareholders’ funds shortfall necessitated by the CBN's new capital requirement, Fidelity Bank launched a hybrid offer of a rights issue and an initial public offer (IPO) on June 20, 2024.

The post Fidelity Bank’s Capital Raise Hybrid Right Issues and IPO: The Takeaways appeared first on Nairametrics.

Analyst place ‘Buy’ on Fidelity Bank shares

Tunde Ajibade — Sat, 11 May 2024 13:12:14 +0000

Highly rated, independent investment advisory firms have picked Fidelity Bank as a very attractive stock with the potential to generate high returns for investors.

The post Analyst place ‘Buy’ on Fidelity Bank shares appeared first on Nairametrics.

Meristem Values Transcorp Power at N305 per share, 27% higher than listed price

Nairametrics — Tue, 05 Mar 2024 15:03:53 +0000

Meristem Stockbrokers have recommended that investors purchase Transcorp Power Plc shares which closed its second day of trading with a 10% gain closing at N290.4.

The post Meristem Values Transcorp Power at N305 per share, 27% higher than listed price appeared first on Nairametrics.

PZ Cussons warns Shareholders: Liquidation or Asset sale possible without delisting approval

Analysts Nairametrics — Tue, 20 Feb 2024 18:42:45 +0000

PZ Cussons Nigeria Plc has issued a subtle warning to its shareholders regarding the potential dire consequences if the company's plans to delist from the Nigerian Exchange Group (NGX) are not approved.

The post PZ Cussons warns Shareholders: Liquidation or Asset sale possible without delisting approval appeared first on Nairametrics.

Dangote Cement market cap rise to N13 trillion now double BUA Cement

Idika Aja — Tue, 30 Jan 2024 07:59:34 +0000

Dangote Cement and BUA Cement have both seen their share price more than double in 2024 with a combined market cap of over N19 trillion.

The post Dangote Cement market cap rise to N13 trillion now double BUA Cement appeared first on Nairametrics.

Analysis: Despite forex woes, Cadbury Plc may have turned the corner

Blurb Team @Nairametrics — Sun, 28 Jan 2024 15:56:56 +0000

Two years ago, a Nairametrics Blurb article posited that it was time for Cadbury Nigeria Plc to delist from the NGX. At that time, Cadbury's shares were trading for under N10, seemingly entrenched in a bearish rut.

The post Analysis: Despite forex woes, Cadbury Plc may have turned the corner appeared first on Nairametrics.

Record breaking NGX – A Stockfish market

Duke of Shomolu Speaks — Sun, 28 Jan 2024 14:00:10 +0000

Rain is a blessing but not the kind of rain that used to fall in Lagos causing flood and carrying people's wives away.
The impending rain that will come will most likely flood the NGX leading to weeping and sighing even as we continue to celebrate the ASI climb into uncharted territories.

The post Record breaking NGX – A Stockfish market appeared first on Nairametrics.

Emefiele Investigation: Union Bank, Titan Trust Bank acquisition face uncertain Future

Blurb Team @Nairametrics — Mon, 25 Dec 2023 06:00:23 +0000

Union Bank of Nigeria Plc and Titan Trust Bank (TTB), face an uncertain future following the latest special investigation report on the activities of the central bank under Godwin Emefiele.

The post Emefiele Investigation: Union Bank, Titan Trust Bank acquisition face uncertain Future appeared first on Nairametrics.

GCR gives Dangote cement AA+ ratings

Aghogho Udi — Mon, 24 Jul 2023 15:16:50 +0000

Sequel to the completion of the first tranche of its share buy-back program, the Global Credit Ratings (GCR) rating agency has affirmed the long-term issuer rating of AA+(NG) to Dangote Cement plc.

The post GCR gives Dangote cement AA+ ratings appeared first on Nairametrics.