3 major shareholders to earn N16bn as NB declares final dividend

Shareholders of Nigerian Breweries Plc are in for a good time following the declaration of N3.13 as final dividend per share by the brewery giant for the financial year ended December 31, 2017. This means that shareholders will receive N25 billion as final dividend and when added to N7.8 billion earlier paid as interim dividend last November, the total dividend paid by NB would amount to N33.03 billion for FY2017. However, only shareholders whose names appear in the register of members as at the close of business on March 6, 2018 will be entitled to this.

In the recently announced FY17 audited report, Nigerian Breweries made N344.6 billion as gross earnings translating to an increase of 9.8 percent over N313.74 billion realised in similar period in 2016. Profit after tax (PAT) rose by 16.2 percent from N28.39 billion in 2016 to N33.01 billion in 2017.  Total equity went up by 7.4 percent to N178.15 billion up from N165.81 billion in 2016.

In continuation of its tradition, the company paid N13.56 billion as tax to the government and that amounted to an increase of 21 percent over N11.23 billion paid in 2016.

The three major shareholders with interest above 5 percent in the company are Heineken Brouwerijen BV, 37.76 percent; Distilled Trading International BV, 15.4 percent and Stanbic Nominees Limited, 13.28 percent, and collectively, they control 66.51 percent interest in the company. Based on their shareholdings, Heineken will receive N9.45 billion as dividend; Distilled Trading International, N3.87 billion while Stanbic Nominees Limited will receive N3.32 billion, thus bringing their collective dividend  to N16.65 billion.

 

Equity market sheds N176 bn last week

Market capitalisation of listed stocks lost N175 billion in the last trading week as more investors took their turns to take profit out of the market following a stellar performance in January.  The market capitalisation closed at N15.301 trillion last Friday as against N15.476 trillion on February 9, 2018. Similarly, the All Share Index (ASI) closed lower at 42,638.83 points as against 43,127.92 points the week before. By implication, both the market capitalisation and ASI closed lower by 1.13 percent week to date.  Year to date, ASI closed in the positive territory at 11. 5 percent while the market capitalisation was up by 12.4 percent.

Last week, 2.94 billion shares were traded valued at N27.92 billion exchanged in 28, 570 deals as against 4.426 billion shares worth N24.24 billion done in 29,573 deals in the previous week.  The financial services sub sector led the activity chart as it accounted for 73.96 percent of the activity volume and 61 percent of the traded equity value in the week that just ended.

Exchange Traded Funds (ETFs)

The Stanbic Exchange Traded Fund 30 was the most traded as investors exchanged 25,000 units worth N2.997 million done in 2 deals. It was followed by Vetbank and vetgrif 30 which recorded 306 units and 260 units worth N1,725.44 and N5,296.20 respectively.  In all 25, 586 units of ETF were traded worth N3.00 million executed in 11 deals.

Bonds

A total of 2,785 units of Federal Government bonds were traded valued at N2.63 million executed in 16 deals last week compared with 14,779 units worth N14.05 million transacted in 18 deals the week before.

 

 

Index	Returns in Jan 2018	2018 YTD Returns ( Feb 16, 2018)	YTD Returns same period in 2017                (Feb 17, 2017)
All Share Index(ASI)	16.0%	11.5%	-6.4%
NSE Premium Index	20.5%	16.6%	-2.2%
NSE Main Board Index	13.3%	8.5%	-8.8%
NSE ASeM Index	-1.4%	-1.4%	1.1%
NSE 30 Index	15.6%	10.9%	-7.6%
NSE Banking Index	23.3%	19.5%	0.7%
NSE Insurance Index	13.0%	10.7%	-2.9%
NSE Consumer Goods Index	5.8%	0.81%	-20.1%
NSE Oil/Gas Index	10.7%	7.4%	-7.3%
NSE Lotus Islamic Index	7.6%	5.2%	-10.9%
NSE Industrial Index	20.7%	16.4%	-0.4%
NSE Pension Index	21.9%	16.9%	-3.2%
Market Capitalisation	16.8%	12.4%	-5.8%

 

Equities that outperformed the market as at February 16,2018

Equity	YTD Returns as at Feb 16, 2018
Unity Bank	222.6%
Wema Bank	128.8%
Skye Bank	118.0%
Caverton	105.4%
Sterling Bank	93.5%
CCNN	91.1%
Diamond Bank	84.7%
FCMB	79.7%
Jaiz bank	58.7%
NPF MfB	48.8%
C & I Leasing	47.3%
Transcorp	44.5%
Beta Glass	40.5%
Conoil	40.4%
FBNH	39.8%
Eterna	39.7%
AXA Mansard	37.3%
Honeywell Flour	37.1%
Champion Breweries	36.5%
AIICO	34.6%
Wapic	34.0%
Dangote Flour	33.3%
Linkage Assurance	33.3%
Fidelity Bank	30.1%
Zenith Bank	24.8%
United Capital	23.2%
Berger Paints	21.9%
PZ	21.4%
Fidson	20.8%
Access Bank	20.6%
Livestock Feeds	20.5%
Neimeth	20.0%
Unilever	19.5%
Learn Africa	19.3%
African Prudential	18.5%
UBA	18.0%
ETI	16.2%
WAPCO	15.8%
Cutix	14.9%
NEM	14.5%
GTB	14.1%
Transnationwide Express	14.1%
NASCON	13.5%
Dangote Cement	13.0%
Red Star Express	12.3%
Flourmills	12.1%
All Share Index	11.49%

 

 

 

Announcements & Appointments Feb 12- 16, 2018

• Transcorp Hotels appoints Abdulqadir Jeli Bello as a Non-executive Director effective February 13, 2018.
• UAC appoints a liquidator to wind up the affairs of Warm Spring Waters Nigeria Limited
• Sterling Bank appoints Emmanuel Emefienim as Executive Director
• Lafarge Africa to hold board meeting March 1, 2018 for consideration of account and dividend.
• Nigerian Breweries’ Register of Members to close March 6,2018.

 

 

Nigeria Energy Sector Fund releases 2013 audited report

Nigeria Energy Sector Fund (NESF) released its 2013 audited report during the week. Interest income fell by 34 percent to N78.3 million in 2013 from N118.3 million in 2012. The company realised N51 million as net income, a noticeable improvement over a net loss of N24.4 million in 2012. Operating expenses fell to N16 million as against N18.8 million in 2012. Net income after tax stood at N32.1 million in contrast to a net loss after tax of N45.8 million made in 2012.

“Nigeria is the Fund’s primary geographical segment as all the Fund’s income is derived in

Nigeria. The Fund does not have business units or divisions and runs a single line of business. Accordingly, no further business or geographical segment information is presented”, NESF stated in its 2013 audited report.