On the list of top ten performing stocks last week were Livestock Feeds, Chemical and Allied Products Plc, Eterna Plc, May & Baker Plc, Neimeth International Pharmaceuticals Plc and Fidson Healthcare.
Other stocks on the spotlight last week were Glaxosmithkline, Union Bank of Nigeria, Berger Paints and Presco Plc.
Livestock Feeds, which led the gainers list, has consistently recorded appreciable increase over the past few months. At the end of transactions last week, the share price rose by 48.87 percent or N1.95 to close at N5.94 from N3.99 in the previous week.
The only company quoted on the livestock/animal specialties sector of the NSE, Livestock Feeds is a pioneer in the manufacturing of animal feeds in Nigeria and boasts of 45 years experience in the field. Only recently, UACN acquired 50 percent stake in the company, a move that is supposed to unlock more value for shareholders of both companies.
So far, Livestock Feeds has delivered commendable value to investors. Starting the year at N0.68, the share price has rallied 773.52 percent increase compared with the closing price on Friday. The company recorded an improved turnover of N5.43 billion in 2012, a 50 percent increase over N3.62 billion reported in the previous year. Its profit after tax was N139.1, earnings per share improved by 42 percent at 11.59 kobo compared with 8.16 kobo in 2011.
Chemical and Allied Products, CAP, recorded 33.09 percent or N14.89 increase to emerge the second on the top ten gainers list. Listed on the building materials sector of the NSE, CAP manufactures paints and coatings, as well as fire extinguishers.
Year-to-date, the stock price has risen by 334.62 percent from year low of N13.78 to the present market price. CAP evolved from the world-renowned British multinational Imperial Chemical Award Industries plc, which formalised its Nigerian operations in 1957 under ICI Exports Limited. It is also a subsidiary of UAC of Nigeria Plc and technological licensee of AkzoNobel, manufacturers of Dulux premium brand of paints.
Eterna Plc’s share price rose by 28.30 percent or N0.88 from N3.11 at the beginning of the week to N3.99. Listed on the petroleum and petroleum products distributors sector of the Nigerian Stock Exchange, NSE, Eterna engages in the manufacturing and sale of lubricating oils, importation and bulk/retail sale of petroleum products including PMS, AGO, LPFO, base oils, bitumen and export of lubricants/fuels, bunkering among others.
The company recently won a N2.2 billion contract for the supply of fuel oil to Egbin Thermal Station belonging to the Power Holding Company of Nigeria (PHCN) as part of the efforts of the government to find viable alternatives to supplement gas supply to the plant for electricity generation. Beginning the year at N1.32, the stock price rose to N4.87, the year high before declining last Friday to N3.99 per share. It has therefore gained 202.27 percent within the year.
May&Baker Plc gained 26.70 percent or N0.59 from N2.21 at the beginning of the week to N2.80. So far, the stock has risen by 127.64 percent from N1.23 at the beginning of the year to the present market price. M&B manufactures and distributes pharmaceutical products, such as vaccines, antibiotics, and sera. The Company also sells diagnostics, medical equipment and bottled water in Nigeria.
The fifth highest gainer, Neimeth, added 25.00 percent or N0.25 to close at N1.25 from N1.00 it started the week at. Listed in pharmaceutical sector, Neimeth is involved in the manufacturing and sales of pharmaceuticals, chemicals and animal health products. Already, the share price has risen by 140.38 percent this year from N0.52 at the beginning of the year to N1.25 at the close of transactions on Friday.
The company’s financial position both in top and bottom line has not been encouraging in recent time. The company recorded a loss after tax of N69.3 million for the year ended 30th September, 2012 compared with a profit of N113.1 million in the previous year. Though there was a 22.74 percent growth in turnover for the period from N1.89 billion in 2011 to N2.33 billion in 2012, operating profit declined from N241.14 million in 2011 to N48.18 million in 2012.
Others are Fidson, which rose by 23.33 percent or N0.42 to close at N2.22 from N1.80; Glaxo added 17.24 percent or N10.00 to close at N68.00 from N58.00, while UBN, Berger Paint and Presco went up by 15.53 percent or N13.09, 14.67 percent or N1.21 and 13.33 percent or N4.00 to close at N13.09, N9.46 and N34.00 per share in that order. Click to signup for FREE news updates, latest information and hottest gists everyday
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