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             Queen Elizabeth II (1926-2022)

Insurance

Apathy towards insurance and insurance stocks has depressed the prices of most insurance stocks trading on the Nigerian Stock Exchange. But there are some of them trading below their fair values, thereby providing a buying opportunity for investors.


A picture showing three people taking cover under an umbrella and the question: why are insurance stocks so cheap?


AIICO Insurance Plc is a reputable insurance company with rising revenue and profitability. It is trading at a hefty discount from its fair value estimate.


 

Cornerstone Insurance Plc has recorded some improvements in the past five years. 


 

REITs to the rescue

Picture showing appreciation of real estateREITs afford investors the opportunity to profit from real estate even if they do not have huge capital to buy properties directly. In addition, it helps them mitigate risk by diversifying their investment portfolio.


Accelerate Property Fund boasts of large national tenants and listed companies such as Capitec Bank. The disposal of non-core assets has improved portfolio quality


SFS REIT distributes the bulk of its profit to unitholders regularly and enjoys a steady flow of income from government securities


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Oil and Gas



Conglomerates



Other Financial Institutions



Insurance



Banking



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Pharmaceuticals



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Featured


 

NASD OTC
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NSE
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NEW LISTING
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NASD OTC
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NASD OTC
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GHANA


Recent Reports


Is Global Spectrum Energy Services Plc overvalued?

Logo of Global Spectrum Energy Services PlcGSPECPLC provides offshore support services with its fleet of vessels that includes marine security escort vessels, security patrol vessels and platform support vessels. The company is liquid and the shareholders' fund is expanding.

 


Keeping tabs on UPDC Plc

Logo of UPDC PlcUPDC's fundamentals have deteriorated over the past few years. We would like to see how the new management turns around the company's performance and steers it away from bankruptcy.

 


Nestle Nigeria Plc: Is it trading at the right price?

Logo of Nestle Nigeria PlcNESTLE has been successful in doing business in Nigeria for about sixty years, and it has achieved strong growth across all brands. The company continues to maintain its reputation as a high-dividend paying company in Nigeria.

 


Unilever Nigeria Plc: A model of resiliency

Logo of Unilever Nigeria plcUNILEVER is one of the few companies that are still around after over ninety years of existence. Revenue has grown at a Compound Annual Growth Rate (CAGR) of 4.3% over the past twelve years.The company is being refocused and we expect management’s efforts to bear fruit.

 


What makes Zenith Bank Plc attractive?

Zenith Bank Plc LogoZenith Bank presently operates in four African countries. It is adequately capitalised and asset quality is not impaired. Total assets and total equity are in excess of NGN8 trillion and NGN1 trillion respectively.  In addition, shareholders have enjoyed dividends regularly from the company.

 


Is FBN Holdings Plc worth investing in?

Logo of FBN Holdings PlcCorporate governance abuses prompted the Central Bank of Nigeria to sack the board. Does the new board have the readiness to face the problems head-on? First Bank of Nigeria, its flagship operation, is a market leader with over 30 million customer accounts.

 


Flour Mills of Nigeria Plc: Spreading risk through broad portfolio

Logo of Flour Mills of Nigeria PlcFLOURMILL is a foremost food and agro-allied company in Nigeria. It has reduced its indebtedness and improve working capital.  Shareholders receive dividends regularly and fundamentals have been improving.

 


UPDC REIT: Satisfactory profit margins and payout ratio

Logo of UPDC REITThe unitholders, in addition to capital appreciation, enjoy generous distribution from the net income made each year. Though it made a loss in 2019,UPDCREIT had been making profits since its inception. Besides, the fund generates free cash flow for the unitholders.

 


Management is making an attempt to revamp Meyer Plc

Logo of Meyer PlcMEYER has reduced its indebtedness. Besides, management embarked on product and market development in order to improve brand awareness and brand preference. Investment in capital is expected to boost capacity. Though the shares of MEYER are trading below our fair value estimate, we would recommend a hold.

 


Is Premier Paints Plc spiralling toward bankruptcy?

Logo of Premier Paints Plc

PREMPAINTS'  performance has been subpar and it is lagging behind the competition. The company’s woes have been exacerbated by the current economic impasse. Costly operations, to a large extent, have made PREMPAINTS unprofitable. Its fundamentals are weak and  it trades well above its intrinsic value.

 


Chemical and Allied Products Plc: Free cash flow and attractive profit margins  for investors 

Logo of CAP Plc, a paint maker in NigeriaCAP Plc enjoys the technical leverage of AkzoNobel to produce and market Dulux paints in Nigeria. It is the largest paint manufacturer quoted on the Nigerian Stock Exchange. Though high costs are bedevilling manufacturers in the country, CAP has grown earnings and produce attractive profit margins.

 


Okomu Oil Palm Plc: Consistently rewarding shareholders in spite of the volatility

Logo of Okomu Oil Palm PlcOkomu Oil is a subsidiary of SOCFINAF,  a company famed for operating rubber and oil plantations in Africa. Despite the volatility of commodity prices, Okomu Oil has consistently made profits and paid dividends to its shareholders. The closure of land borders to crude palm oil and allied products is a boon to the company.

 


Champion Breweries turned the corner after years of losses

Logo Champion Breweries, a quoted brewery in NigeriaProfitability was restored in 2015; operating profit was NGN154.5 million in 2015 compared to operating losses of the earlier years. Profit Before Tax (PBT) and Profit After Tax (PAT) were NGN248.4 million and NGN77.1 million respectively in 2015. At present, CHAMPION provides brewing services to Nigerian Breweries Plc, a member of the Heineken group and the largest brewing company in Nigeria.



Omoluabi Mortgage Bank grew earnings against the backdrop of  huge leap in investment income

Logo of Omoluabi Mortgage Bank PlcOMOLUABI enjoys financial support of the Federal Mortgage Bank of Nigeria (FMBN) by procuring loans which it lends to qualified National Housing Fund (NHF) beneficiaries. We expect this to boost its capacity to grant more loans as the government embarks on creation of more housing units in the country by injecting  more funds into  FMBN.

 


UBA: Leveraging on its foothold in Africa to deliver strong earnings growth

Logo of a foremost bank in Nigeria called UBAUBA has a strong distribution network in Nigeria from where it derives roughly 76% of its revenue and 78% of its Profit After Tax (PAT). We believe that UBA has a fair share of the market and should be able to maintain it in the longer term.

 


Neimeth embarks on research and capacity upgrade to improve product portfolio and drive down costs

Logo of Neimeth, a pharmaceutical company that supports local researchers.The company spent NGN150.7 million on capital in the period under review (2018: NGN218.4 million). In addition, its collaboration with local researchers should encourage the use of local materials and drive down its costs; also, it would help it find its niche in the pharmaceutical sector in Nigeria.


NASD OTC Exchange-Nigeria


 

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Ghana


 

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South Africa


 

Office of Accelerate Property Fund in South Africa

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