Top 10 Performing Stocks In NSE

Livestock Feeds Plc led the cream of price
gainers on the Nigerian Stock Exchange, NSE
last week, rising by 11.16 per cent or N0.24 per
share to close at N2.39 per share from N2.15
per share it closed penultimate week. About
thirty three equities appreciated during the week
under review, higher than twenty two equities of
the penultimate week.
The company which led the top ten gainers had
recorded revenue of N7.914 billion in its 2014
financial result up by 20 per cent from N6.113
billion in 2013; Cost of sales went up by 28 per
cent to N6.924 billion from N5.424 billion; Profit
up by 21 per ent to N402.151 million from
N282.798 million; Earnings Per Share went up by
28 per cent to N17.56 from N12.71.
Trailing behind Livestock Feeds on the gainers’
chart was Portland Paints and Products Nigeria
Plc, rising by 10.11 per cent or N0.45 to close at
N4.90 per share from N4.45 per share.
The company in its financial year ended March
31, 2014 recorded a turnover of N2.798 billion,
up by 3 per cent from N2.721 billion ibn 2013;
Profit Before Tax grew by 164 per cent to
N194.297 million from N73.464 million in 2013;
Profit After TAX UP BY 159 per cent to N148.643
million from N57.346 million.
Portland Paints had explained why it did not
declare dividends for the financial year ended
December 2014.
Addressing the shareholders at the Annual
General Meeting (AGM) in Lagos recently, the
Chairman of Portland Paints, Mr Larry Ettah, said
despite the higher profit, no dividend would be
paid due to strategic reasons.
“For strategic reasons, the board is not
recommending the payment of dividend for the
year ended 31st December, 2014 but hoped that
with the company’s improved performance, this
may not be a challenge anymore.”
According to him, the company was being
repositioned for better future performance. This
repositioning, he added, would require capital
raising.
“We are realigning our portfolio and making
strategic shifts where necessary. We will
continue to focus on innovation and seek
opportunities to introduce new offerings into our
portfolio of brands as well as build capacity in
our people. In pursuit of plans to improve returns
and address the high leverage position of the
company and our other business expansion
plans, the Board has recommended for your
approval a capital raise by way of Rights Issue.
The board will therefore be glad to have your
kind approval,” Ettah said.
Gainenrs’chart
Cement Company of Northern Nigeria Plc
occupied the third position on the gainers chart
as it appreciated by 9.52 per cent to close at
N11.50 per share from N10.50 per share it
closed penultimate week. Cement Company of
Northern Nigeria Plc results for the year ended
March 31, 2015 shows that revenue dropped by
5.29 per cent to N4.625 billion from
N4.883billion recorded in the corresponding
period of 2014; Cost of sales dropped by 8.24
per cent to N2.904 billion from N3.165 billion;
Profit Before Tax declined by 9.58 per cent to
N929.479 million from N1.027 billion; Profit After
Tax dropped by 9.58 per cent to N632.046
million from N699.019 million.
University Press Plc occupied the fourth position
on the gainers’ chart as it appreciated by N7.49
per cent to close at N6.03 per share from N5.61
per share it closed penultimate week.
The company’s financial result for the year
ended MARCH 2014 shows that revenue went
up to N2.438 billion from N2.312 billion; Profit
After Tax increased to N233.925 million from
N260.702 million in 2013. The second quarter
results for the period ended September 30, 2014,
revealed that University Press Profit After Tax
dropped to N315.419 million from N316.872
million; Profit Before Tax stood at N432.217
million from N432.313 million; Cost of sales
dropped to N479.966 million from N566.132
million.
Occupying the fifth position on the gainers chart
was 7up Bottling Company Plc as it appreciated
by 6.09 per cent or N10.90 per share to close at
N190.00 per share to close at N179.10 per
share.
7up Bottling Company has proposed N1.761,
623,498 for its shareholders for the financial year
ended March 31, 2015. The dividend represents
N2.75 per share subject to deduction of
appropriate withholding tax whose names appear
on the register of the members at the close of
business on Friday July 10th, 2015. The
company has 56th AGM has been scheduled to
hold in September, 2015.