Last week, the Nigerian Stock Exchange ran only three trading sessions on account of two public holidays, with the corporate actions and developments during the week as well as some technical factors informing Ripples Nigeria Stocks Watchlist for this week.
We have selected a group of stocks you should watch out for this week on the basis of how the market fared last week.
Ripples Nigeria Stock Watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for investment purposes. But we have taken the pain to do that based on certain parameters in order to save you that hassle.
Kindly note that Ripples Nigeria Stocks Watchlist is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.
VITAFOAM NIGERIA PLC
Vitafoam tops Ripples Nigeria Stocks Watchlist by virtue of its proposal of N0.70 dividend per share dividend for the year ended September 2020. This followed the recent issuing of its financial statements for the period, which saw revenue grow by 5.2% to N23.444 billion and after-tax profit by 72.1% to N4.108 billion.
It currently sells for N7.80 per share, has Earnings Per Share (EPS) of N2.89 and a Price to Earnings (PE) ratio of 2.70.
JAPAUL GOLD & VENTURES PLC
Japaul Gold & Venture features on Ripples Nigeria Stocks Watchlist for currently trading significantly below its actual value.
It has a PE ratio of 0.04 with an EPS of N6.53 and currently sells for N0.62 per share.
UNITED CAPITAL PLC
United Capital features on our list for trading below its actual value with a PE ratio of 1.80 at a price of N4.71 per share. Its EPS is N2.62.
CAVERTON OFFSHORE SUPPORT GROUP PLC
Caverton appears on our list as the stock is currently selling below its intrinsic value, with a PE ratio of 2.25. Its EPS is N0.91 and its price is N2.05 per share.
NORTHERN NIGERIA FLOUR MILLS PLC
Northern Nigeria Flour Mills makes our list as the stock is currently undervalued with a PE ratio of 3.30. Its EPS is N2.05 while its price per share is N6.74.
UNITY BANK PLC
Unity Bank makes our list on the basis of being undervalued with a PE ratio of 2.15 at a price of N0.64. Its EPS is N0.30.
NEM INSURANCE PLC
NEM makes our list this week on the basis of emerging as the best performing stock last week. Opening at N1.36, it closed at N1.79, gaining 31.62%.
FTN COCOA PROCESSORS PLC
FTN Cocoa appears on our list this week for being the worst performing stock for last week. It opened at N0.89 and closed at N0.66, depreciating by 25.84%.
Join the conversation
Join the conversation
Investigation… Inside Enugu markets where traders are choked by multiple taxes
In recent times, the world economy has developed tremendously and this is partly linked with activities of petty traders who...
SPECIAL REPORT: How flood-ravaged farmlands in Anambra threaten food production
Increased rainfall, as a result of climate change, has impacted negatively on many parts of the world. In Anambra State,...
INVESTIGATION… How NDDC spent N2bn on abandoned, non-existent road projects in Edo communities
In 2014, the Niger Delta Development Commission (NDDC) awarded 10 road projects worth over N2 billion in various communities in...
INVESTIGATION… Inside NDDC’s abandoned, poorly executed road projects dotting Abia communities (concluded)
In this concluding part, ARINZE CHIJIOKE discovers that apart from the Obohia-Ohuru-Aba Road, there are similar projects initiated by the NDDC in Abia State which...
INVESTIGATION… Messy tales of Abia’s abandoned NDDC road projects (I)
There were feelings of excitement among the people of Ohuru-Ndoki Community when three contractors were prequalified to bid for the construction of...
Suarez, Benzema score as Madrid derby ends in draw
Luis Suarez and Karim Benzema were on target for their respective sides as Atletico Madrid were held to a 1-1...
Man City’s 21-game winning run ended in derby; Liverpool suffer sixth straight home loss
Manchester City saw their 21-game winning run ended by city rivals, Manchester United following a 2-0 defeat in the Premier...
Aribo, Balogun’s Rangers win Scottish Premiership title for first time in 10yrs
Super Eagles duo of Joe Aribo and Leon Balogun have helped Rangers emerge champions of the Scottish Premiership after Celtic...
Adesanya suffers first career defeat in heavyweight fight against Blachowicz
Nigerian-born Israel Adesanya was handed his first career defeat by Jan Blachowicz in their light heavyweight fight by unanimous decision...
Lewandowski hat-trick helps Bayern seal incredible Der Klassiker comeback over Dortmund
Robert Lewandowski bagged a hat-trick to help Bayern Munich fight back from two goals down to beat Dortmund 4-2 in...
Latest Tech News
Nigeria’s Autochek partners Okra to offer car loans to customers. 3 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Nigeria’s Autochek partners Okra to...
Moroccan prop-tech firm, Mubawab, raises $10m funding. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Moroccan prop-tech company Mubawab raises...
Google introduces Bitcoin, other cryptos, on its finance platform
American tech giant, Google, has introduced Bitcoin, Ethereum and Litecoin as legal tenders on its finance platform. Like the case...
Online Safety Initiative unveils winners of $1m scheme. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Africa Online Safety Initiative unveils...
Enygma seeks to invest in women entrepreneurs. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Enygma seeks to invest in...
Twitter introduces “strike system” to permanently ban users who spread COVID-19 misinformation
In order to check the spread of fake information about Covid-19 vaccines, Twitter says it will permanently ban anyuser running...