42 Stocks Listed From 2008 Till Date_ How They Are Faring! - Proshare

7/31/2019 42 Stocks Listed From 2008 Till Date_ How They Are Faring! - Proshare

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

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42 Stocks listed from 2008 till date: How they are faring!July 15, 2012/ Proshare Research

Stock markets play a play a pivotal role in the growth of the industry and commerce of thecountry that eventually affects the economy of the country to a great extent.(http://www.proshareng.com/news/15531)

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

Companies striving for operational excellence and a competitive advantage realize theimpact forecasting has upon the ability of a company to satisfy its investors and tosimultaneously manage its resources. Effective forecasting helps management resolve the

dilemma of more demanding customer requirements and greater shareholderexpectations.

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 currentlytrading flat. Starcomms and Daar Communications Plc both led the group of firms tradingbelow its listing price with -96.51% and -90.48% depreciations recorded.

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

Financial Services sector has the highest number of companies listed among the 42 as ithas fifteen (15) closed followed by ICT with eight (8). Consumer and Industrial Goodsboth 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 hasfive (5) of such stocks.

Compan(ies) Sectors Listing Dates

No of Shares

Listed (bln)

Listing

Price

Cur. Price

(120712) % Return

1 STARCOMMS ICT 14-Jul-08 6,878.48 14.33 0.5 -96.51%

2 DAARCOMM Services 26-Sep-08 8,000.00 5.25 0.5 -90.48%

3 OMATEK ICT 18-Jun-08 2,941.79 5.14 0.5 -90.27%

4 FIDSON Healthcare 4-Jun-08 1,500.00 7.87 0.95 -87.93%

5 MTI ICT 28-Nov-08 4,893.59 4 0.5 -87.50%

6 AFRINSURE Financial Services 17-Sep-09 20,585.00 3.67 0.5 -86.38%

7 ASOSAVINGS Financial Services 25-Apr-08 8,679.15 3.67 0.5 -86.38%

8 TANTALIZER Consumer Goods 23-Jun-08 3,211.63 3.67 0.5 -86.38%

9 UNIONDAC Healthcare 11-Sep-08 3,553.14 3 0.5 -83.33%

10 AFROMEDIA Services 18-May-09 4,237.27 2.92 0.5 -82.88%

11 FTNCOCOA Agriculture 23-Jul-08 2,200.00 2.85 0.5 -82.46%

12 CHAMS ICT 24-Sep-08 4,620.60 2.62 0.5 -80.92%

13 COURTVILLE ICT 1-Apr-09 2,960.00 2.62 0.5 -80.92%

14 BECOPETRO Oil & Gas 7-Oct-09 3,716.98 2.5 0.5 -80.00%

15 UNITYKAP Financial Services 17-Dec-09 13,000.00 2.38 0.5 -78.99%


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16 HONYFLOUR Consumer Goods 20-Oct-09 7,930.20 8.5 1.9 -77.65%

17 PORTPAINT Industrial Goods 9-Jul-09 400 10 2.27 -77.30%

18 MULTIVERSE Natural 8-Oct-08 4,261.94 2.15 0.5 -76.74%

19 HMARKINS Financial Services 22-Feb-08 6,000.00 1.94 0.5 -74.23%

20 UNIVINSURE Financial Services 11-Feb-08 16,000.00 1.94 0.5 -74.23%

21 REGALINS Financial Services 27-May-08 6,668.75 1.75 0.5 -71.43%

22 GOLDINSURE Financial Services 12-Feb-08 4,549.95 1.89 0.56 -70.37%

23 MTECH ICT 9-Jun-09 4,966.67 2.5 0.91 -63.60%

24 MULTITREX Consumer Goods 1-Nov-10 3,722.49 3 1.1 -63.33%

25 IAINSURE Financial Services 9-May-08 28,000.00 1.36 0.5 -63.24%

26 ABBEYBDS Financial Services 21-Oct-08 4,200.00 3.89 1.44 -62.98%

27 IHS ICT 27-Jan-09 4,400.00 5.25 2.13 -59.43%

28 DANGFLOUR Consumer Goods 4-Feb-08 5,000.00 15 6.29 -58.07%

29 BAGCO Industrial Goods 9-Apr-08 6,215.00 4.09 1.89 -53.79%

30 GTASSURE Financial Services 19-Nov-09 10,000.00 3 1.48 -50.67%

31 RESORTSAL Financial Services 23-Nov-09 13,175.73 0.95 0.5 -47.37%

32 PAINTCOM Industrial Goods 2-Nov-10 792.91 3.9 2.4 -38.46%

33 NPFMCRFBK Financial Services 1-Dec-10 2,286.64 1.5 1.05 -30.00%

34 DANGCEM Industrial Goods 26-Oct-10 17,040.50 135 112 -17.04%

35 ETRANZACT ICT 10-Jul-09 4,200.00 4.8 4.04 -15.83%

36 SKYESHELT Financial Services 26-Feb-08 20 105 100 -4.76%

37 UHOMREIT Financial Services 2-Jul-10 250.02 52.5 50 -4.76%

38 PNGConstruction/Real

Estate 17-Mar-09 4,579.78 6.61 6.6 -0.15%

39 AUSTINLAZ Industrial Goods 29-Feb-12 1.07 2 2 0.00%

40 MCNICHOLS Consumer Goods 18-Dec-09 201.89 0.98 1.02 4.08%

41 CAPHOTEL Services 14-Aug-08 1,548.78 6.5 6.94 6.77%

42 FORTISMFB Financial Services 20-Jun-12 1.63 5 5.5 10.00%

Source: Proshare Research/NSE

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 21st Oct, 2008 under

the Financial Services Sector. The company has been witnessing an improvement in itsturnover from N1.16bn in 2008 to N1.57bn in 2011 while its PAT went down fromN189million in 2008 to N126 million in 2011.

The companys 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 currentlytrades at 1.44k.


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2008/11

TO PAT TO PAT TO PAT TO PATPAT %

Change

N mln N mln N mln N mln N mln N mln N mln N mln N mln

Financial

Services

Mortgages

Carriers,

Brokers and

Services 1,164.00 189.46 1 ,507.00 235.33 1,694.00 281.92 1,578.00 126.29 -33.34%

N mln N mln N mln N mln N mln N mln 21-Oct-08

N/A N/A N/A N/A N/A N/A 3.89

Open % Open Close % Open Close % Open Current YTD %

2.92 -44.86% 1.61 1.33 -17.39% 1.33 1.44 8.27% 1.44 1.44 0.00%

Close

1.61


Price Trend

2009 2010 2011 2012

ABBEYBDS

FORECASTS

2009 2010 2011

Listing Date

Listing Price

ABBEYBDS

Company Sector Sub sector

2008 2009 2010 2011

African Alliance Insurance Plc was listed on the Nigerian bourse on 17th Sept, 2009under the Financial Services Sector. The company witnessed a decline in its turnover fromN1.43bn in 2009 to N1.36bn in 2010 while its recorded Loss After Tax of N1.69bn in 2008and it further recorded another loss of N3.09 billion in 2010.

The companys offer document is not available for proper review and analysis and as suchcould 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. Thestock also remained flat in 2012 so far as it currently trades at nominal price of 0.50k

from 19th Feb, 2010.

2008/11


Change

m n m n m n m n m n m n m n m n m n

AFRINSURE

Financial

Services

nsurance

Carriers,

Brokers and

Services 1,430.00 -1,699.00 1,368.00 -3,090.00 N/A

m n m n m n m n m n m n 17-Sep-09


Open Close % Open Close % Open Close % Open Current YTD %

3.49 0.87 -75.07% 0.87 0.5 -42.53% 0.5 0.5 0.00% 0.5 0.5 0.00%

Listing Date

Sector Sub sectorCompany

Price Trend

FORECASTS

Listing Price

2010 2011 2012

AFRINSURE

2008 2009 2010 2011

2009

2009 2010 2011


Afromedia Plc was listed on the Nigerian bourse on 18th May, 2009 under the ServicesSector. The company witnessed an upbeat in its turnover from N2.39bn in 2009 toN3.24bn in 2011 while its recorded profit After Tax of N1340mln in 2009 but it recorded

loss of N301 million in 2011.


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 atnominal price of 0.50k from 26th Sept, 2011.


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2008/11


Change


AFROMEDIA Services Advertising 2,397.00 340.79 3,240.00 -301.18 N/A

N mln N mln N mln N mln N mln N mln 18-May-09



2.51 0.8 -68.13% 0.8 0.56 -30.00% 0.54 0.5 -7.41% 0.5 0.5 0.00%

FORECASTS

Listing Date

Sector Sub sector

Price Trend

Listing Price

Company

AFROMEDIA

2008 2009 2010 2011

2009 2010 2011

2009 2010 2011


2012

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


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 2011with -7.41% price depreciations. The stock remained flat in 2012 as it currently trades at

nominal price of 0.50k from 24th May, 2010.

2008/11

TO PAT TO PAT TO PAT TO PAT

PAT %

Change


ASOSAVINGS

Financial

Services

Mortgages

Carriers,

Brokers and

Services 7,063.00 1,061.00 10,090.00 873.48 11,007.00 1,212.00 N/A

N mln N mln N mln N mln N mln N mln 25-Apr-08



1.77 0.56 -68.36% 0.56 0.5 -10.71% 0.54 0.5 -7.41% 0.5 0.5 0.00%


FORECASTS

Price Trend

2009 2010 2011 2012

Listing Date

Listing Price

ASOSAVINGS

2008 2009 2010 2011

2009 2010 2011


Austin Laz Company Plc was listed on the Nigerian bourse on 29th Feb, 2012 under theIndustrial Goods sector. The companys 2010 financials shows that it declared N518mln

turnover and N36mln PAT while the figure was far below its forecast figures of N5.45bnand 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.


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2008/11


PAT %

Change


AUSTINLAZ

Industrial

Goods

Electronic

and

Electrical

Products 518,586.00 36,128.00 N/A

N mln N mln N mln N mln N mln N mln 29-Feb-12

3,786 6,783 4,544 9,586 5,453 1,176 2


N/A N/A 0.00% N/A N/A 0.00% N/A N/A 0.00% 2 2 0.00%


FORECASTS

Price Trend

Listing Date

Listing Price

2009 2010 2011 2012

AUSTINLAZ

2008 2009 2010 2011

2008 2009 2010


BAGCO Plc was listed on the Nigerian bourse on 9th Apr, 2008 under the Industrial Goodssector. The company has been witnessing an increase in its turnover from N7.4bn in 2008to 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 itcurrently trades at the price of 1.98k

2008/11


Change


BAGCO

In ustria

Goods

Pac aging/Co

ntainers 7,477.00 75.7 14,667.95 -134.2 16,142.00 353.34 18,585.00 1,025.00 1254.03%

N mln N mln N mln N mln N mln N mln 9-Apr-08

1,246 1,071 1,545 1,669 1,715 1,889 4.09


3.44 1.45 -57.85% 1.52 2.2 44.74% 2.3 1.7 -26.09% 1.73 1.98 14.45%

FORECASTS

Listing Date

Listing Price


2009 2010 2011

2008 2009 2010

Price Trend

2012

BAGCO

2008 2009 2010 2011


Beco Petroleum Plc was listed on the Nigerian bourse on 7th Oct, 2009 under the Oil &

Gas Sector. The company witnessed a drop in its turnover from N3.99bn in 2009 toN2.68bn in 2011 while its also recorded Profit after Tax of N176mln in 2009 and moved torecord N168 million loss in 2011.


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 2011with -16.67% price depreciations. The stock remained flat in 2012 as it currently trades atnominal price of 0.50k.


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2008/11


PAT %

Change


BECOPETRO Oil & Gas

Petroleum and

Petroleum

ProductsDistributors 3 ,995.00 176.81 2,780.00 316.45 2 ,686.00 -168.66 N/A




2.62 2.53 -3.44% 2.53 0.6 -76.28% 0.6 0.5 -16.67% 0.5 0.5 0.00%

Listing Date

Listing Price


FORECASTS


2009 2010 2011

2009 2010 2011

Price Trend

2012

BECOPETRO

2008 2009 2010 2011

Capital Hotels Plc was listed on the Nigerian bourse on 14th Aug, 2008 under theServices 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 N581million in 2011.



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 2010respectively. The stock has so far recorded +2.36% YTD gains in 2012.

2008/11


PAT %

Change


CAPHOTEL Services

Hote s/Lo gin

g 3,962.00 209.13 4,703.00 668.45 5,031.00 598.59 4 ,905.00 581.18 177.90%

N mln N mln N mln N mln N mln N mln 14-Aug-08



6.5 1.38 -78.77% 1.32 3.3 150.00% 3.3 6.78 105.45% 6.78 6.94 2.36%

Listing Price

FORECASTS

Price Trend

2009 2010 2011 2012

Listing Date



2009 2010 2011

CAPHOTEL

2008 2009 2010 2011

Chams Plc was listed on the Nigerian bourse on 24th Sept, 2008 under the ICT sector.The company has been witnessing a drop in its turnover from N2.4bn in 2008 to N1.7bn in2011 while its PAT also went down from N193million in 2008 to N1,236 million loss in2011.

The company 2008 financial closed far below its forecast as it forecasted N14bn in 2008and 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 stockalso remained flat in 2012 so far as it currently trades at 50k nominal price from 2nd Sept,2010.


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8/23



2008/11


PAT %

Change


DAARCOM Services

Media/Ente

rtainment 3,678.00 -381.48 3,841.00 -3,538.00 4,824.00 -1,568.00 N/A

N mln N mln N mln N mln N mln N mln 26-Sep-08


% % % YTD %

Open Close Open Close Open Close Open Current

3.47 0.56 -83.86% 0.58 0.5 -13.79% 0.5 0.5 0.00% 0.5 0.5 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend

DAARCOMM

2008 2009 2010 2011


2009 2010 2011

2009 2010 2011 2012


Dangote Cements Plc was listed on the Nigerian bourse on 26th Oct, 2010 under the

Industrial Goods sector. The company witnessed an appreciation in its turnover fromN619mln 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 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% gainsin 2012 so far as it currently trades at N112.

2008/11


PAT %

Change


DANGCEM

Industrial

Goods

Building

Materials 619 179 1,896.00 575 202,565.00 106,605.00 235,914.00 125,909.00 70240.22%


N/A N/A N/A N/A N/A N/A 135

% % % YTD %


N/A N/A 0.00% 135 120 -11.11% 120 110.77 -7.69% 110.77 112 1.11%

Listi ng Price

Price Trend

DANGCEM

2008 2009 2010 2011

Company S ector S ub sector

2009 2010 2011

2009 2010 2011

FORECASTS

Listing Date

2012


Dangote Flour Mills Plc was listed on the Nigerian bourse on 4th Feb, 2008 under the

Consumer Goods sector. The company witnessed an appreciation in its turnover fromN47bln 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 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 priceappreciations. The stock has so far recorded +20.27% price appreciations in 2012.


9/23



2008/11


PAT %

Change


DANGFLO

UR

Consumer

Goods

Food

Product 47,927.00 2,989.00 61,388.00 5,561.00 67,601.00 2,723.00 66,281.00 677.71 -77.33%



% % % YTD %


13.38 9.93 -25.78% 10.42 16.8 61.23% 17.1 5 -70.76% 5.23 6.29 20.27%

Listing Date

Listing Price

Price Trend

Company S ector Sub sector

FORECASTS

DANGFLOUR

2008 2009 2010 2011

2009 2010 2011

2009 2010 2011 2012


Etranzact Plc was listed on the Nigerian bourse on 10th Jul, 2009 under the ICT sector.The company witnessed an appreciation in its turnover from N757mln in 2009 to N2.24bnin 2011 while its recorded Loss after Tax of N174mln in 2009 and went to declare N81mlnPAT in 2011.


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.

2008/11


PAT %

Change


ETRANZAC ICT

Processing

Systems 757.18 -174.69 917.82 -138.2 2,244.00 81.29 N/A

N mln N mln N mln N mln N mln N mln 10-Jul-09


% % % YTD %


5.28 6.4 21.21% 6.4 4.97 -22.34% 4.97 4.94 -0.60% 4.94 4.04 -18.22%

FORECASTS

Listing Date

Listing Price

Price Trend


ETRANZACT

2008 2009 2010 2011

2009 2010 2011

2009 2010 2011 2012


Fidson Healthcare Plc was listed on the Nigerian bourse on 4th Jun, 2008 under theHealthcare sector. The company witnessed an appreciation in its turnover from N4.50blnin 2008 to N7.10bn in 2011 while its recorded Profit after Tax of N189mln in 2008 and

went to declare N312mln PAT in 2011.


The stock was listed at the share price of N7.87. It recorded price depreciations of -50.56% and -74.18% in 2009 and 2011 respectively while it closed 2010 with +64.52

price appreciations. The stock has so far recorded +15.85% price depreciations in 2012.


10/23



2008/11


PAT %

Change


FIDSON Healthcare

Pharmaceut

icals 4,503.00 189.3 5,019.00 429.07 5,100.00 465.89 7,103.00 312.26 64.96%

N mln N mln N mln N mln N mln N mln 4-Jun-08


% % % YTD %


3.6 1.78 -50.56% 1.86 3.06 64.52% 3.06 0.79 -74.18% 0.82 0.95 15.85%

FORECASTS

Listing Date

Listing Price

Price Trend

FIDSON

2008 2009 2010 2011


2009 2010 2011

2009 2010 2011 2012


FTN Cocoa Processors Plc was listed on the Nigerian bourse on 23rd Jul, 2008 under theAgriculture sector. The company witnessed a depreciation in its turnover from N1.17bln in2008 to N836mn in 2011 while its recorded Profit after Tax of N196mln in 2008 and went

to declare N221mln Loss After Tax in 2011.


The stock was listed at the share price of N2.85. It recorded price depreciations of -66.88% and -15.25% in 2009 and 2011 respectively while it closed 2010 with +12.96price appreciations. The stock also remained flat in 2012 so far as it currently trades at50k nominal price.

2008/11


PAT %

Change


FTNCOCOA Agriculture

Crop

Production 1,171.00 196.03 1,361.00 259.66 1,196.00 63.65 836.94 -221.03 -212.75%



% % % YTD %


1.57 0.52 -66.88% 0.54 0.61 12.96% 0.59 0.5 -15.25% 0.5 0.5 0.00%

FORECASTS

Price Trend

Listing Date

Listing Price

FTNCOCOA

2008 2009 2010 2011


2009 2010 2011

2009 2010 2011 2012


Goldlink Insurance Plc was listed on the Nigerian bourse on 12th Feb, 2008 under theFinancial Services sector. The company witnessed an appreciation in its turnover from

N2.6bln in 2008 to N4.4bn in 2010 while it recorded Profit after Tax of N679mln in 2008

and went to declare N189mln loss in 2010.



The stock was listed at the share price of N1.89. It recorded price appreciations of+11.11% and +28.85% in 2009 and 2011 respectively while it closed 2010 with -45.05

price depreciations. The stock has so far recorded -13.85% price depreciations in 2012.


11/23



2008/11


PAT %

Change


GOLDINSUFinancialServices

Insurance

Carriers,

Brokers andServices 2,600.00 679.7 3,229.00 87.16 4,428.00 -189.94 N/A



% % % YTD %


0.9 1 11.11% 0.91 0.5 -45.05% 0.52 0.67 28.85% 0.65 0.56 -13.85%

FORECASTS

Listing Date

Listing Price

Price Trend

GOLDINSURE

2008 2009 2010 2011


2009 2010 2011

2009 2010 2011 2012


Guaranty Trust Assurance Plc was listed on the Nigerian bourse on 19th Nov, 2009

under the Financial Services sector. The company witnessed an appreciation in itsturnover from N5.3bln in 2009 to N10.04bn in 2010 while it recorded Profit after Tax ofN516mln in 2009 and went to declare N931mln PAT in 2010.


The stock was listed at the share price of N3.00. It recorded price depreciations of -

34.65% and -30.28% in 2009 and 2010 respectively while it closed 2011 with -6.58 pricedepreciations. The stock has so far recorded -9.63% price depreciations in 2012.

2008/11


PAT %

Change


GTASSURE

Financial

Services

Insurance

Carriers,

Brokers and

Services 5,377.00 516.59 7,520.00 634.65 10,004.00 931.57 N/A

N mln N mln N mln N mln N mln N mln 19-Nov-09


% % % YTD %


3.29 2.15 -34.65% 2.18 1.52 -30.28% 1.52 1.42 -6.58% 1.35 1.48 9.63%

FORECASTS

Listing Date

Listing Price

Price Trend

GTASSURE

2008 2009 2010 2011


2009 2010 2011

2009 2010 2011 2012


Honeywell Flour Mills Plc was listed on the Nigerian bourse on 20th Oct, 2009 under theConsumer Goods Sector. The company has been witnessing an increase in its turnoverfrom N28.5bn in 2009 to N340.5bn in 2011 while its PAT also went up from N217million in2009 to N2.49 billion in 2011.

The company 2011 financial closed far above its forecast as it forecasted N80bn in

turnover and made N2.4bn while N8.6bn was forecasted for PAT and N2.49billion wasdeclared to close the year below its forecast figure.

The stock was listed at the share price of N8.50k. It recorded price depreciations of -40%and -53.80% in 2009 and 2010 respectively while it closed 2011 also negative with -13.42% price depreciations recorded.


12/23



2008/11


PAT %

Change


HONYFLOU

Consumer

Goods

Food

Product 28,580.10 217.11 33,528.00 1,178.00 340,547.00 2,492.00 N/A


44,001 2,270 59,279 5,623 80,462 8,616 8.5

% % % YTD %


8.5 8.5 0.00% 8.5 5.1 -40.00% 5 2.31 -53.80% 2.31 2 -13.42%

FORECASTS

Listing Date

Listing Price

Price Trend

Honeywell Flour Mills Plc

2008 2009 2010 2011


2009 2010 2011

2009 2010 2011 2012


Consolidated Hallmark Insurance Plc was listed on the Nigerian bourse on 22nd Feb,2008 under the Financial Services sector. The company witnessed an appreciation in its

turnover from N3.04bln in 2008 to N3.88bn in 2011 while it recorded Profit after Tax ofN360mln in 2008 and went to declare N258mln PAT in 2011.



The stock was listed at the share price of N1.94. It recorded price depreciations of -52.38% in 2009 and closed flat in 2010 and 2011. . The stock has remained flat in 2012so far as it currently trades at 50k nominal price.

2008/11


PAT %

Change


HMARKINS

Financial

Services

Insurance

Carriers,

Brokers and

Services 3,043.00 360.45 3,023.00 242.67 2,853.00 211.57 3,882.00 258.76 -28.21%



% % % YTD %


1.05 0.5 -52.38% 0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend

HMARKINS

2008 2009 2010 2011


2009 2010 2011

2009 2010 2011 2012


Investment & Allied Assurance Plc was listed on the Nigerian bourse on 9th May, 2008

under the Financial Services sector. The companys financials and offer document are notavailable for proper review and analysis and as such could not compare their forecastswith the actual figures.

The stock was listed at the share price of N1.36. The stock remained flat throughout theperiods of review as it currently trades at 50k nominal price. This is a stock with a lot of

issues.


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2008/11


PAT %

Change


IAINSUREFinancialServices

Insurance

Carriers,

Brokers

andServices N/A


NA NA NA NA NA NA 1.36

% % % YTD %


0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend


IAINSURE

2008 2009 2010 2011

2006 2007 2008

2009 2010 2011 2012


IHS Plc was listed on the Nigerian Stock Exchange on 27th Jan, 2009 under the ICT

sector. The company witnessed an appreciation in its turnover from N1.13bln in 2009 toN14.8bn in 2011 while it recorded Profit after Tax of N1.05bln in 2008 and went to declareN1.65bln loss in 2011.


The stock was listed at the share price of N5.25. It recorded price depreciations of -

19.24%, -35.61%, and -9.44% losses in 2009, 2010 and 2011 respectively. The stock hasrecorded -17.76% loses in 2012 so far.

2008/11


PAT %

Change


IHS ICT

Telecomm

unications

Services 1,134.00 1,050.00 17,247.00 553.71 14,852.00 -1,653.00 N/A

N mln N mln N mln N mln N mln N mln 27-Jan-09


% % % YTD %


5.25 4.24 -19.24% 4.24 2.73 -35.61% 2.86 2.59 -9.44% 2.59 2.13 -17.76%

FORECASTS

Listing Date

Listing Price

Price Trend

IHS

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


McNichols Plc was listed on the Nigerian Stock Exchange on 18th Dec, 2009 under the

Consumer Goods sector. The company witnessed an appreciation in its turnover fromN203mln in 2009 to N388mn in 2011 while it recorded Loss after Tax of N12mln in 2009and went to declare N6mln PAT in 2011.


The stock was listed at the share price of N0.98k. It recorded price appreciations of+4.08% in 2009 while it closed in 2010 and 2011 respectively. The stock has remainedflat in 2012 so far.


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15/23



2008/11


PAT %

Change


MTI ICT

Telecomm

unications

Services 1,206.52 33.5 N/A


NA NA NA NA NA NA 4

% % % YTD %


2.81 0.5 -82.21% 0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend

MTI

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Multi-Trex Plc was listed on the Nigerian bourse on 1st Nov, 2010 under the ConsumerGoods sector. The company witnessed an appreciation in its turnover from N1.15bln in2008 to N3.10bn in 2010 while it recorded Profit after Tax of N557mln in 2008 and went

to declare N219mln PAT in 2010.



The stock was listed at the share price of N3.00. The stock closed 2009 flat while itrecorded price depreciations of -14.29% and -51.60% in 2010 and 2011 respectively. The

stock has so far recorded -4.35% price depreciations in 2012.

2008/11


PAT %

Change


MULTITRE

Consumer

Goods

Food

Product 1,154.74 557.65 1,627.68 -347.68 3,105.32 219.66 N/A


NA NA NA NA NA NA 3

% % % YTD %


NA NA 0.00% 3.15 2.7 -14.29% 2.5 1.21 -51.60% 1.15 1.1 -4.35%

FORECASTS

Listing Date

Listing Price

Price Trend

MULTITREX

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Multiverse Plc was listed on the Nigerian bourse on 8th Oct, 2008 under the NaturalResources sector. The company witnessed an appreciation in its turnover from N417mln in2008 to N660mln in 2011 while it recorded Profit after Tax of N87mln in 2008 and went to

declare N25mln PAT in 2011.



The stock was listed at the share price of N2.15. The stock closed 2009 negative with -31.15% while it closed flat in 2010 and 2011 respectively. The stock has so far remainedin 2012 as it currently trades at 0.50k nominal price.


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2008/11


PAT %

Change


MULTIVERS Natural Res Non-Metall 417.03 87 552.63 93.81 564.91 43.1 660.06 25.57 -70.61%



% % % YTD %


0.73 0.5 -31.51% 0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00%

FORECASTS

Listing Date

Listing Price


MULTIVERSE

2008 2009 2010 2011

2006 2007 2008

2009 2010 2011

Price Trend

2012


NPF Microfinance Bank Plc was listed on the Nigerian bourse on 1st Dec, 2010 under

the Financial Services sector. The company witnessed an appreciation in its turnover fromN878mln in 2010 to N1.2bn in 2011 while it recorded Profit after Tax of N180mln in 2010and went to declare N132mln PAT in 2011.


The stock was listed at the share price of N1.50. The stock closed 2009 flat while itrecorded price appreciations of +18.67% in 2010. It closed 2011 with -37.08% declines.The stock has so far recorded -6.25% price depreciations in 2012.

2008/11


PAT %

Change


NPFMCRFB

Financial

Services Banking 878.04 180.73 1,222.00 132.64 N/A

N mln N mln N mln N mln N mln N mln 1-Dec-10


% % % YTD %


0 0 0.00% 1.5 1.78 18.67% 1.78 1.12 -37.08% 1.12 1.05 -6.25%

FORECASTS

Listing Date

Listing Price

Price Trend

NPFMCRFBK

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Omatek Plc was listed on the Nigerian bourse on 18th Jun, 2008 under the ICT sector.

The company witnessed depreciation in its turnover from N1.04bln in 2010 to N348mln in2011 while it recorded Profit after Tax of N109mln in 2010 and went to declare N414mlnloss in 2011.




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2008/11


PAT %

Change


O MATEK ICT Compute rs and Pe ripheral s 1,048.00 109.84 348.97 -414.89 N/A



% % % YTD %


1.62 0.5 -69.14% 0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend

OMATEK

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Paints & Coatings Manufactures Plc was listed on the Nigerian bourse on 2nd Nov,

2010 under Industrial Goods sector. The company witnessed depreciation in its turnoverfrom N1.25bln in 2010 to N1.78bln in 2011 while it recorded Profit after Tax of N106mlnin 2010 and went to declare N122mln PAT in 2011.


The stock was listed at the share price of N3.90. The stock closed 2009 flat while itrecorded -13.85% and -83.75% losses in 2010 and 2011 respectively. The stock has sofar recorded +346.30% price appreciations in 2012.

2008/11


PAT %

Change


PAINTCOM

Industrial

Goods

Building

Materials 1,257.00 106.67 1,788.00 122.97 N/A



% % % YTD %


0 0 0.00% 3.9 3.36 -13.85% 3.2 0.52 -83.75% 0.54 2.41 346.30%

FORECASTS

Listing Date

Listing Price

Price Trend

PAINTCOM

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Pinnacle Point Group Plc was listed on the Nigerian bourse on 17th Mar, 2009 under the

Construction/Real Estate sector. The company witnessed appreciation in its turnover fromN16mln in 2010 to N142mln in 2011 while it recorded Loss after Tax of N306mln in 2010and went to declare N239mln loss in 2011.


The stock was listed at the share price of N6.61. The stock closed 2009 negative with -4.90% while it closed flat in 2010 and 2011 respectively. The stock has so far remained in2012 as it currently trades at 7.28 since 2008.


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2008/11


PAT %

Change


PNG Constructio Real Estate De velopment 16.76 -306.14 142.24 -239.11 N/A

N mln N mln N mln N mln N mln N mln 17-Mar-09


% % % YTD %


6.94 6.6 -4.90% 7.28 7.28 0.00% 7.28 7.28 0.00% 7.28 7.28 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend

PNG

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Portland Paints Plc was listed on the Nigerian bourse on 9th Jul, 2009 under the

Industrial Goods sector. The company witnessed an appreciation in its turnover fromN2.26bln in 2009 to N2.58bn in 2011 while it recorded Profit after Tax of N183mln in 2009and went to declare N156mln PAT in 2011.


The stock was listed at the share price of N10.00. The stock closed 2009 with -30.51%loss while it also recorded price depreciations of -6.88% and -3.22% in 2010 and 2011respectively. The stock has so far recorded -55.58% price depreciations in 2012.

2008/11


PAT %

Change


PORTPAINT

Industrial

Goods

Building

Materials 2,269.00 183.1 2,380.00 131.62 2,584.00 156.89 N/A


NA NA NA NA NA NA 10

% % % YTD %


8.16 5.67 -30.51% 5.67 5.28 -6.88% 5.28 5.11 -3.22% 5.11 2.27 -55.58%

FORECASTS

Listing Date

Listing Price

Price Trend

PORTPAINT

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Regency Alliance Insurance Plc was listed on the Nigerian bourse on 27th May, 2008

under the Financial Services sector. The company witnessed appreciation in its turnoverfrom N1.7bln in 2008 to N2.41bln in 2011 while it recorded Profit after Tax of N312mln in2008 and went to declare N1.00bln PAT in 2011.




19/23



2008/11


PAT %

Change


REGALINSFinancialServices

Insurance

Carriers,

Brokers

andServices 1,705.00 312.65 1,503.00 -68.75 2,413.00 1,000.00 219.85%



% % % YTD %


0.76 0.5 -34.21% 0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend

REGALINS

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Resort Savings & Loans Plc was listed on the Nigerian bourse on 23rd Nov, 2009 under

the Financial Services sector. The company declared N1.09bln turnover and N2.03mln lossin its 2010 financials which is the only available results.



The stock was listed at the share price of N0.95. The stock remained flat throughout theperiods of review as it currently trades at 50k nominal price.

2008/11


PAT %

Change


RESORTSA

L

Financial

Services

Mortgages

Carriers,

Brokers

and

Services 1,095.00 -2,036.00 N/A



% % % YTD %


0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend

RESORTSAL

2008 2009 2010 2011


2006 2007 2008

2009 2010 2011 2012


Skye Shelter Plc was listed on the Nigerian bourse on 26th Feb, 2008 under the Financial

Services sector. The company declared N156mln turnover and N89mln PAT in its 2011financials which is the only available results.


The stock was listed at the share price of N105. The stock closed 2009 negative with -

5.18% while it also recorded price depreciations of -3.00% and -3.09% in 2010 and 2011respectively. The stock has so far remained flat in 2012 as it currently trades at N100.


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2008/11


PAT %

Change


SKYESHEL

Constructi

on/Real

Estate

Real

Estate

invetment

Trust 156.05 89.67 N/A


NA NA NA NA NA NA 105

% % % YTD %


105.46 100 -5.18% 100 97 -3.00% 97 100 3.09% 100 100 0.00%

FORECASTS

Listing Date

Listing Price

Price Trend

SKYESHELT

2008 2009 2010 2011


2007 2008 2009

2009 2010 2011 2012


Starcomms Plc was listed on the Nigerian bourse on 26th Feb, 2008 under the FinancialServices sector. The company witnessed depreciation in its turnover from N34.5bln in

2008 to N20.16bln in 2011 while it recorded Loss after Tax of N8.00bln in 2008 and went

to declare N17.56bln loss in 2011.



The stock was listed at the share price of N14.33k. The stock closed 2009 negative with -

54.55% while it also recorded price depreciations of -20.00% and -63.50% in 2010 and2011 respectively. The stock has so far remained flat in 2012 as it currently trades at 50knominal price.

2008/11


PAT %

Change


STARCOM ICT

Telecomm

unications

Carriers 34,501.00 -8,008.00 34,304.00 -7,787.00 29,031.00 -7,660.00 20,162.00 -17,564.00 -119.33%



% % % YTD %


3.85 1.75 -54.55% 1.8 1.44 -20.00% 1.37 0.5 -63.50% 0.5 0.5 0.00%

2008

Listing Date

Listing Price

Price Trend

2009 2010 2011 2012

STARCOMMS


2008 2009 2010 2011

FORECASTS

2006 2007


Tantalizer Plc was listed on the Nigerian bourse on 23rd Jun, 2008 under Services sector.

The company witnessed appreciation in its turnover from N4.53bln in 2008 to N4.60bln in2011 while it recorded profit after Tax of N305mln in 2008 and went to declare N101mlnPAT in 2011.


The stock was listed at the share price of N3.67k. The stock closed 2009 negative with -57.69% while it also recorded price depreciations of -31.17% and -3.85% in 2010 and2011 respectively. The stock has so far remained flat in 2012 as it currently trades at 50k

nominal price.


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2008/11


PAT %

Change


TANTALIZE Services Hospi tal ity 4,531.00 305.4 5,390.00 56.62 4,889.00 61.35 4,604.00 101.87 -66.64%



% % % YTD %


1.82 0.77 -57.69% 0.77 0.53 -31.17% 0.52 0.5 -3.85% 0.5 0.5 0.00%

2012


2011

FORECASTS

2006 2007 2008

Listing Date

Listing Price


2008 2009 2010

TANTALIZER

Price Trend

2009 2010 2011

Union Homes Real Estate Inv Trust Plc was listed on the Nigerian bourse on 2nd Jul,2010 under Financial Services sector. The company witnessed depreciation in its turnoverfrom N6.10bln in 2008 to N4.20bln in 2009 while it recorded profit after Tax of N1.58bln

in 2008 and went to declare N1.66bln loss in 2009.


The stock was listed at the share price of N52.50k. It closed 2009 flat while it recordedprice depreciations of -4.76% 2010 and flat in 2011. The stock has so far remained flat in2012 as it currently trades at N50.

2008/11


PAT %

Change


UNHOMES

Financial

Services

Mortgages

Carriers,

Brokersand

Services 6,101.00 1,588.00 4,402.00 -1,669.00 N/A



% % % YTD %


0 0 0.00% 52.5 50 -4.76% 50 50 0.00% 50 50 0.00%

2008

Listing Date

Listing Price

Price Trend

2009 2010 2011 2012

UHOMREIT


2008 2009 2010 2011

FORECASTS

2006 2007


Union Diagnostics & Clinical Services Plc was listed on the Nigerian bourse on 11th

Sept, 2008 under Healthcare sector. The company witnessed depreciation in its turnover

from N1.03bln in 2008 to N702mln in 2011 while it recorded profit after Tax of N370mlnin 2008 and went to declare N223mln loss in 2011.


The stock was listed at the share price of N3.00. It closed 2009 negative with -50.41%loss while it also recorded price depreciations of -21.88% 2010 and flat in 2011. The stockhas so far remained flat in 2012 as it currently trades at N0.50 nominal price.


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2008/11


PAT %

Change


UNIONDAC Healthcare

Medical

Equipment 1,033.00 370.09 684.8 110.35 550.11 -158.91 702.62 -223.52 -160.40%

N mln N mln N mln N mln N mln N mln 11-Sep-08

NA NA NA NA NA NA 3

% % % YTD %


1.23 0.61 -50.41% 0.64 0.5 -21.88% 0.5 0.5 0.00% 0.5 0.5 0.00%

2009 2010 2011 2012


2011

FORECASTS2007 2008 2009

Listing Date

Listing Price


2008 2009 2010

UNIONDAC

Price Trend

Unity Kapital Assurance Plc was listed on the Nigerian bourse on 17th Dec, 2009 underthe Financial Services sector. The company witnessed depreciation in its turnover fromN1.34bln in 2009 to N868mln in 2010 while it recorded Profit after Tax of N112mln in

2009 and went to declare N190mln loss in 2011.



The stock was listed at the share price of N2.38. The stock closed 2009 positive with+0.42% while it closed flat in 2010 and 2011 respectively. The stock has so far remained

in 2012 as it currently trades at 0.50k nominal price.

2008/11


PAT %

Change


UNITYKAP

Financial

Services

Insurance

Carriers,Brokers

and

Services 1,345.00 112.06 868.7 -190.2 N/A

N mln N mln N mln N mln N mln N mln 17-Dec-09

NA NA NA NA NA NA 2 .38

% % % YTD %


2.37 2.38 0.42% 0.5 0.5 0.00% 0.5 0.5 0.00% 0.5 0.5 0.00%

2012


2011

FORECASTS

2006 2007 2008

Listing Date

Listing Price


2008 2009 2010

UNITYKAP

Price Trend

2009 2010 2011

Universal Insurance Plc was listed on the Nigerian bourse on 11th Feb, 2008 under the

Financial Services sector. The company witnessed appreciation in its turnover fromN826mln in 2008 to N1.05bln in 2010 while it recorded Profit after Tax of N336mln in2008 and went to declare N186mln loss in 2011.


The stock was listed at the share price of N1.94. The stock closed 2009 positive with -30.56% while it closed flat in 2010 and 2011 respectively. The stock has so far remainedin 2012 as it currently trades at 0.50k nominal price.


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42 Stocks Listed From 2008 Till Date_ How They Are Faring! - Proshare

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Transcript of 42 Stocks Listed From 2008 Till Date_ How They Are Faring! - Proshare