ISSN 1597- - 8842 Vol. 1 No.

92

55 Stocks
at N0.50
Today: What
Next?
Two Trading
Years After
– TheKobo
Restoration
of the
NCM

Issued on June 03, 2012
Issued on January 15, 2012

55 Stocks Trading t N0.50k Today – What Next?

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Page 1

Contents

55 Stocks Trading t N0.50k Today – What Next?

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Page 2

55 Stocks Trading at N0.50 Kobo Today: What Next?
June 03, 2012

1. Introduction
Introduction
The extended bearish market sentiments and unrelenting down trend makes it
imperative for a cursory review of penny stocks, most especially those stocks currently
trading at their nominal value of 50kobo.
Recall that the NSE All-Share Index as at 3rd March 2008 was at 65,901.97 basis
points, yet
within the space of four (4) years; it shed 43,678.61 basis points
representing -66.27% to close at 22,232.36 basis points as at 25th May, 2012.

3-Mar-08
65,910.97

NSE ASI
25-May-12 Diff in Basis Point
22,232.36
-43,678.61

% Change
-66.27%

Source: Proshare Research/NSE

Consequently, the NSE Market Cap within the same period depreciated by N5.46 trillion
to stand at N7.09 trillion as at 25th May 2012 representing a -43.52 loss.

3-Mar-08

12.55

NSE MARKET CAP (Trillion)
25-May-12
CAP Loss

7.09

-5.46

% Change
-43.52%

Source: Proshare Research/NSE

Observations/Highlights
As at May 25, 2012, we have a total of fifty-five (55) stocks trading at 50kobo (floor) –
and of these, twenty seven (27) are insurance stocks, three (3) Oil & Gas stocks while
Wema Bank Plc is the only banking stock in the category.
One major point that stood out was the fact that half of the companies listed on the
bourse between 2008 and 2010 are currently trading at 50k while four (4) stocks
have recorded no price movement in the last three years.
A review on the affected companies’ financial results (where available) sheds some
insight into how the bourse is performing/managed – Eighteen (18) out of the fifty-five
(55) stocks declared negative results in their most recent results, three (3) companies
have no results at all while twenty-seven (27) have not declared their 2011 Audited
results.
There are some peculiarities that helps put the financial figures in context. Here are a
few:
DN Tyre & Rubber Plc (formerly Dunlop) was a tyre manufacturing giants in the
Nigerian market became a victim of government’s policy(ies) which made it
uncompetitive in its primary market. The company had to convert some assets to cash
for use in other areas. (http://www.proshareng.com/news/9571). As the company could not produce any
longer it had to resort to importation of goods. The Group Managing Director of DN Tyre
and Rubber Plc, Mohammed Yinusa, explained in an interview with The Guardian that the
decision to import was a last resort, adding that the company was still optimistic that a
bail-out may come from the Federal Government. (http://www.proshareng.com/news/6772)
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Union Diagnostics & Clinical Services Plc had in 2009 proposed N0.08kobo dividend
and later informed the Exchange of its inability to meet up with the payment date of the
dividend prior to the AGM at which the dividend was declared. Not much has been heard
from/about this company since. (http://www.proshareng.com/news/11674)
Investment & Allied Insurance Plc had its management suspended by the National
Insurance Commission in 2010, two years after its successful public offering. The
suspension was sequel to reports of findings from routine inspection of the company by
the commission and the failure of the management of the company to satisfactorily
correct material lapses observed and brought to its attention by the commission.
(http://www.proshareng.com/news/13136)

Daar Communication Plc recently lost in its bid to address the payment of a N7.5bn
judgment sum handed against it in favour of Fidelity Bank Plc and the implication of such
for shareholders is onerous. (http://www.proshareng.com/news/17228)
Starcomms Plc which was listed on the Exchange in 2008 after a public offering has
remained a sore experience and the industry poster for the excesses that occurred
during the boom years. (http://www.proshareng.com/news/17281).
Wema Bank Plc has been trying to recover after its many corporate governance
challenges. (http://www.proshareng.com/news/10568)
55 Stocks Trading @ 50kobo
Stock Price Analysis
No of Insurance Stock(s)
No of Banking Stock(s)
No of Oil & Gas Stock (s)
Newly Listed Stocks (2008-2010)
Stocks Trading below 50kobo
Stocks Trading at 50kobo in the last 2Yrs
Stocks that records no price movement in the last 3Yrs
Result Analysis
Companies that declared negative results (Latest Available Results)
Companies that have not declared results at all
Companies that have not complied with listing rules (Latest Audited Results Not Available)

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No
27
1
3
20
2
20
4
18
3
27

Page 4

2. Individual Stock Analysis
As at the report date, fifty-five (55) equities are trading at their nominal value of
N0.50kobo. To properly understand why this is so and the expectations going forward,
we undertook a critical examination/analysis of the equities covering the period from
2008 to 2012.

ABCTRANS
The share price of ABC Transport Plc, listed in the services sector, recorded a 4.51%
appreciation in 2008 to close at 2.78k from the Opening price of 2.66k. The stock closed
flat in 2009 while price depreciation of -3.95% was recorded in 2010. The stock resumed
positive movement in 2012 with 3.77% price appreciation recorded while it opened the
year 2012 at 50k and later traded above its nominal value before it eventually hit 50k on
the 16th Feb, 2012.
Opening
Price

Year

ABCTRANS
Closing
Price
% Change Stock Hits 50k

2008

2.66

2.78

4.51%

2009

1.96

1.96

0.00%

2010

0.76

0.73

-3.95%

2011

0.53

0.55

3.77%

2012

0.5

0.5

0.00%

16th Feb, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – In its latest result for Q4 2011, ABC Plc posted a -N68.18m loss as
against N57.51 million in the previous quarter representing a -218.55% negative
growth. The company recorded losses also in Q2 and Q1 2011 while it declared profit in
Q3 2011 and Q4 2010 respectively, also a negative growth.
ABCTRANS
Turnover N'm

Period

PAT N'm

Current

Previous

% Change

Current

Previous

% Change

Q4 2011

5849

4612

26.82%

-68.18

57.51

-218.55%

Q3 2011

4290

3350

28.06%

31.5

70.42

-55.27%

Q2 2011

2658

2098

26.69%

-101.16

-52.32

-93.35%

Q1 2011

1216

1011

20.28%

-70.42

23.35

-401.58%

Q4 2010

4612

4051

13.85%

57.51

85.67

-32.87%

Source: Proshare Research/NSE

AFRINSURE
The share price of African Alliance Insurance Plc, listed in the Financial Services
sector on 17th Sept, 2009 recorded -76.29% price depreciation in 2009 while the stock
closed flat in 2010, 2011 until it hit its nominal price of 50k on 1st Feb, 2012.

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AFRINSURE
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

NA

NA

0.00%

2009

3.67

0.87

-76.29%

2010

0.87

0.87

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

1st Feb, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – the company’s latest financial accounts shows that the insurance
outfit has been declaring losses all through the periods reviewed below. The company
declared N229million loss in Q2 2011 while a similar outcome was also recorded in Q4
2012 and Q4 2009 with N3.09 billion and N5.45 billion losses recorded respectively.
AFRINSURE
Turnover N'm

Period

PAT N'm

Current

Previous

% Change

Current

Previous

% Change

Q2 2011

991.89

775.2

27.95%

-229.91

-1456

-84.21%

Q4 2010

1368

1106

23.69%

-3090

-5111

-39.54%

Q4 2009

1430

1229

16.35%

-5450

-7962

-31.55%

Source: Proshare Research/NSE

AFROMEDIA
Afromedia Plc listed in the services sector on the 18th of May, 2009 closed flat in the
year it was listed with a similar posture retained in 2010, and in 2011 recorded -3.57%
price depreciation. The stock hit its nominal value of 50k in Jan 4th, 2012.
AFROMEDIA
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

NA

NA

0.00%

2009

2.51

2.51

0.00%

2010

0.8

0.8

0.00%

2011

0.56

0.54

-3.57%

2012

0.5

0.5

0.00%

4th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – In the company’s latest result for Q1 2012, a profit of
N54.14million was reported, declared a loss of N-301.18million in Q4 2011 and declared
N174 million, N261 million and N134 million profits in Q3, Q2 and Q1 2011 respectively.
AFROMEDIA
Turnover N'm

Period

PAT N'm

Current

Previous

% Change

Q1 2012

704.59

969.41

Q4 2011

3240

3733

Q3 2011

2619

2688

-2.57%

55 Stocks Trading t N0.50k Today – What Next?

Current

Previous

-27.32%

54.14

134.67

-59.80%

-13.21%

-301.18

440.13

-168.43%

174.11

461.72

-62.29%

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% Change

Page 6

Q2 2011

1671

1550

7.81%

261.62

342.69

-23.66%

Q1 2011

969.41

661.67

46.51%

134.67

161.09

-16.40%

Source: Proshare Research/NSE

AIICO
The share price AIICO Plc, listed in the financial services sector, closed flat in 2008,
recorded a price appreciation of 0.54% and 3.80% respectively in 2009 and 2010;
closed flat in 2011 and posted a -3.85% price depreciation in 2012. The stock hit its
nominal value of 05k on 16th May, 2012
AIICO
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

3.43

3.43

0.00%

2009

1.86

1.87

0.54%

2010

0.79

0.82

3.80%

2011

0.9

0.9

0.00%

2012

0.5

0.52

4.00%

16th May, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The insurance outfit financials represents that it made profit
throughout the periods under review with N1.33 billion PAT in Q4 2011 while N1.32
billion, N1.49 billion and N1.11 billion was declared in Q3 2011, Q2 2011 and Q4 2010 in
that order recording positive growth in majority of the periods.
AIICO
Turnover N'm

Period

PAT N'm

Current

Previous

% Change

Current

Previous

% Change

Q4 2011

18444

14952

23.35%

1332

1117

19.25%

Q3 2011

13507

11101

21.67%

1329

1641

-19.01%

Q2 2011

8674

7376

17.60%

1496

968

54.60%

Q4 2010

14952

8799

69.93%

1117

1002.00

11.48%

Source: Proshare Research/NSE

ASOSAVINGS
Aso Savings & Loans Plc listed in the financial services sector on 25th April, 2008 only
recorded price appreciation of 3.51% in 2009 while it closed flat in all other years under
review.

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ASOSAVINGS
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

3.67

3.67

0.00%

2009

1.71

1.77

3.51%

2010

0.56

0.56

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

4th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – Company’s available latest results show that the financial services
outfit declared N243 million loss in Q3 2011 while other results available shows the firm
made profits of N1.21 billion, N551 million and N211 million in Q4 2010, Q3 2009 and
Q1 2009 respectively.
ASOSAVINGS
Turnover N'm

Period
Current

Previous

Q3 2011

4,876

5,551

Q4 2010

11,007

Q3 2009
Q12009

PAT N'm

%
Change

%
Change

Current

Previous

-12.16%

-243.35

101.94

-338.72%

10,012

9.94%

1,212

-3,247

-137.33%

7,906

8,021

-1.43%

551.96

1,214

-54.53%

2,329

2,419

-3.72%

211.67

674.58

-68.62%

Source: Proshare Research/NSE

BECOPETRO
The petroleum marketing firm which was listed in the Oil & Gas sector on the Nigerian
bourse only recorded a +4.80% price appreciations in 2009 while it closed flat in other
periods.
Opening
Price

Year
2008

BECOPETRO
Closing
Price
% Change Stock Hits 50k

NA

NA

0.00%

2009

2.5

2.62

4.80%

2010

2.53

2.53

0.00%

2011

0.6

0.6

0.00%

2012

0.5

0.5

0.00%

3rd Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The review of the firms’ financials between Q4 2011 to Q3 2010 shows that

declared N-168 million loss but returned to profitability in other periods under review.
BECOPETRO
Turnover N'm

Period
Current

Previous

Q4 2011

2,686

2,780

Q3 2011

2,150

2,195

Q4 2010

2,780

3,995

PAT N'm

%
Change

%
Change

Current

Previous

-3.38%

-168.66

-316.45

-46.70%

-2.05%

68.37

86.89

-21.31%

-30.41%

316.45

176.81

78.98%

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Q3 2010

2,195

2,996

-26.74%

86.89

142.58

-39.06%

Source: Proshare Research/NSE

BIGTREAT
The Consumer Goods firm recorded +4.76% price appreciation in the year 2010 after
closing flat in 2009.
Opening
Price

Year

BIGTREAT
Closing
Price
% Change Stock Hits 50k

2008

5.89

5.89

0.00%

2009

3.06

3.06

0.00%

2010

0.63

0.66

4.76%

2011

NA

NA

0.00%

2012

NA

NA

0.00%

21st Sept, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The company declared N440 million, N175 million and N184 million
losses in Q4, Q3 and Q2 2009 in that order while it declared N406 million profit in Q4
2008.
BIGTREAT
Turnover N'm

Period
Current

Previous

Q4 2009

4,214

3,932

Q3 2009

2,692.17

Q2 2009
Q4 2008

PAT N'm
%
Change

%
Change

Current

Previous

7.17%

-440.51

406.34

-208.41%

2,391.36

12.58%

-175.54

275.35

-163.75%

1,801.13

1,501.34

19.97%

-184.92

-5.53

3243.94%

3,900

3,000

30.00%

406.3

245.9

65.23%

Source: Proshare Research/NSE

CAPOIL
The Oil & Gas firm recorded no price appreciations in any of the years reviewed as it
closed flat from 2008 to 2012 as confirmed below.

Year

Opening
Price

CAPOIL
Closing
Price
% Change Stock Hits 50k

2008

5.69

5.69

0.00%

2009

13.83

13.83

0.00%

2010

0.59

0.59

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

5th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –None available.

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CHAMS
The ICT Company recorded -0.81% loss in 2009 with an improved positive situation of
+3.51% price appreciation recorded in the following year of 2010 while it returned flat in
other periods..
CHAMS
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

2.62

2.62

0.00%

2009

2.47

2.45

-0.81%

2010

0.57

0.59

3.51%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

3rd Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – Between the Q1 2012 to Q4 2010, the firm recorded a PAT of N207
million in Q1 2012 while the ICT firm recorded loses in other periods mentioned in the
table below.
CHAMS
Turnover N'm

Period
Current

Previous

Q1 2012

197,303

988,962

Q4 2011

1,777

Q2 2011

PAT N'm
%
Change

%
Change

Current

Previous

-80.05%

-201.95

207.02

-197.55%

1,484

19.74%

-1,236

-1,382

-10.56%

1,788

293.52

509.16%

195.46

-137.36

-242.30%

Q1 2011

1,090

293.52

271.35%

265.33

-137.36

-293.16%

Q4 2010

1,484

988.62

50.11%

-1,382

-2,873

-51.90%

Source: Proshare Research/NSE

CILEASING
The equipment leasing company was listed in the services sector on the Nigerian bourse
in 1997. During the periods reviewed, the stock closed flat in 2008 and 2009 while it
recorded +1.92% price appreciations in 2010. It went down in 2011 by -0.65% and has
so far recorded +4.76% price appreciation as at 25th May, 2012.

Year

Opening
Price

CILEASING
Closing
Price
% Change Stock Hits 50k

2008

8.5

8.5

0.00%

2009

11.1

11.1

0.00%

2010

2.6

2.65

1.92%

2011

1.53

1.52

-0.65%

2012

0.63

0.5

-20.63%

30th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

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Financial Review – The latest Q3 2011 financials represents that it made a profit of N337m while
subsequent quarters, Q2 and Q1 2011, also recorded positive results with N152m and N104m profit
declared respectively. However, it recorded N47m and N65m losses in Q4 and Q3 2010.
CILEASING
Turnover N'm

Period
Current

Previous

Q3 2011

7,412

6,088

Q2 2011

4,830

Q1 2011

PAT N'm

%
Change

Current

Previous

% Change

21.75%

337.58

-65.47

-615.63%

4,124

17.12%

152.06

-1.20

-12771.67%

2,458

2,145

14.59%

104.05

-51.99

-300.13%

Q4 2010

8,600

8,200

4.88%

-47.40

-118.10

-59.86%

Q3 2010

6,008

5,771

4.11%

-65.47

-236.09

-72.27%

Source: Proshare Research/NSE

CORNERST
The insurance outfit showed some sign of brightness in 2008 with a +1.26% price appreciation but the
capital gain was erased in 2009 with -6.13% price depreciation witnessed. The stock closed flat in
subsequent periods of review.
Opening
Price

Year

CORNERST
Closing
Price
% Change Stock Hits 50k

2008

4.77

4.83

1.26%

2009

1.63

1.53

-6.13%

2010

0.52

0.52

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

6th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – Firm declared N 24m, N124m and N442m profit in Q3, Q2 2011
and Q4 2010 respectively. It recorded N-442m and N-297m losses in Q4 and Q3 2009
respectively.
CORNERST
Turnover N'm

Period
Current

Previous

Q3 2011

2,414

2,807

Q2 2011

2,831

Q4 2010

4,021

Q4 2009
Q3 2009

PAT N'm
%
Change

%
Change

Current

Previous

-14.00%

24.24

-377.93

-106.41%

2,780

1.83%

142.43

910.61

-84.36%

3,766

6.77%

399.45

442.97

-9.82%

3,766

3,812

-1.21%

-442.97

-419.46

5.60%

3,131

2,765

13.24%

-297.31

-43.1

589.81%

Source: Proshare Research/NSE

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COURTVILLE
Courtville Business Solutions Plc which was listed in the ICT sector in April 2009 closed
flat throughout the years reviewed.
COURTVILLE
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

Listed in April 2009

2009

2.62

2.62

0.00%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

3rd Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The firm declared profits all through in Q4, Q2 2011, Q4 Q2 2009
and Q4 2009 with the first quarters recording positive PAT growth while the other
remaining quarter(s) recorded negative PAT growth.
COURTVILLE
Turnover N'm

Period
Current

Previous

Q4 2011

855.6

627.7

Q2 2011

810.17

Q4 2010

PAT N'm

%
Change

%
Change

Current

Previous

36.31%

245.35

179.43

36.74%

648.85

24.86%

198.27

161.54

22.74%

869.04

776.83

11.87%

124.76

181.44

-31.24%

Q2 2010

443.88

433.57

2.38%

124.76

182.52

-31.65%

Q4 2009

776.83

515.79

50.61%

181.44

273.35

-33.62%

Source: Proshare Research/NSE

CRUSADER
The financial services and property development firm was listed in 1990. It recorded
2.12% price appreciation in 2008 and closed flat in the subsequent year. In 2010, it lost
in share price by -4.46% but recorded an improvement in 2011 with 3.77% price
appreciation before it eventually hit its nominal value of 50k in Jan 4th, 2012.

Year

Opening
Price

CRUSADER
Closing
Price
% Change Stock Hits 50k

2008

6.61

6.75

2009

7.35

7.35

2.12%
0.00%

2010

1.57

1.5

-4.46%

2011

0.53

0.55

3.77%

2012

0.5

0.5

0.00%

4th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

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Financial Review – The Q3 2011 financials of the outfit shows that a loss of N185mln
was declared after a profit of N14mln in Q2 2011. Subsequent quarters, Q1 2011, Q4
and Q3 2011, witnessed losses of N96mln, N204mln and N16mln respectively.
CRUSADER
Turnover N'm

Period
Current

Previous

Q3 2011

2,989

3,099

Q2 2011

2,102

Q1 2011
Q4 2010
Q3 2010

PAT N'm
%
Change

%
Change

Current

Previous

-3.55%

-185.2

-16.18

1044.62%

2,447

-14.10%

14.46

-97.6

-114.82%

1,013

1,606

-36.92%

-96.68

-38.06

154.02%

5,227

5,031

3.90%

-204.13

-623.02

-67.24%

3,418

3,515

-2.76%

-16,985

-29,307

-42.04%

Source: Proshare Research/NSE

DAARCOMM
The Media Company which was listed in September 2008 recorded price appreciation of
0.29% and 3.57% in 2009 and 2010 respectively while the stock closed flat in 2011 and
2012. It hit its nominal value of 50k on 5th Jan, 2012 and still trading at that price till
date.
Opening
Price

Year

DAARCOMM
Closing
Price
% Change Stock Hits 50k

2008

5.25

5.25

0.00%

2009

3.46

3.47

0.29%

2010

0.56

0.58

3.57%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

5th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The media firm declared N1.56bln loss in Q4 2010 while it also declared

losses of N727mln and N3.53bln in Q2 2010 and Q4 2009. It declared profits of N1.94bln in Q3 2010
and N195mln in Q3 2009.
DAARCOMM
Turnover N'm

Period

PAT N'm
%
Change

Current

Previous

%
Change

Current

Previous

Q4 2010

4,824

7,359

-34.45%

-1,568

-2,625

-40.27%

Q3 2010

2,886

2,988

-3.41%

1,949

195.09

899.03%

Q2 2010

1,875

1,885

-0.53%

-727.36

98.85

-835.82%

Q4 2009

3,841

3,678

4.43%

-3,538

-381.49

827.42%

Q3 2009

2,988

2,526

18.29%

195.09

429.06

-54.53%

Source: Proshare Research/NSE

55 Stocks Trading t N0.50k Today – What Next?

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Page 13

DUNLOP
The Auto parts firm was listed in 1961 in the Consumer Goods sector. It recorded
2.80% price appreciation in 2008 while it closed flat in other periods under review. It
eventually hit its current share price of 50k on 4th Jan, 2012.
DUNLOP
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

3.21

3.3

2.80%

2009

1

1

0.00%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

4th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The Auto Parts firm declared N575mln PAT in its latest result of Q4
2011 while it recorded losses in its preceding quarterly results of Q2 2011, Q4 2010, Q4
2009 and Q2 2008 presented below.
DUNLOP
Turnover N'm

Period
Current

Previous

Q4 2011

2,331

1,758

Q2 2011

146.17

Q4 2010

PAT N'm

%
Change

%
Change

Current

Previous

32.59%

575.75

-388.13

-248.34%

147.09

-0.63%

-321.07

196.7

-263.23%

1,758

4,350

-59.59%

-388.13

-11,143

-96.52%

Q4 2009

4,350

6,041

-27.99%

-11,143

-2,093

432.39%

Q2 2008

1,250

3,592

-65.20%

-1,501

-500.71

199.77%

Source: Proshare Research/NSE

EQUITYASUR
Equity Assurance Plc listed in the financial services sector closed flat as no price gain or
loss was witnessed throughout the years reviewed.

Year

Opening
Price

EQUITYASUR
Closing
Price
% Change Stock Hits 50k

2008

2.46

2.46

0.00%

2009

5.06

5.06

0.00%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

5th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The insurance outfit in its latest result of Q3 2011 declared a
N200m loss after recording profit in preceding periods reviewed.
EQUITYASUR

55 Stocks Trading t N0.50k Today – What Next?

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Page 14

Turnover N'm

Period
Current

Previous

Q3 2011

1,574

1,952

Q4 2010

2,104

Q3 2010
Q2 2010
Q1 2010

PAT N'm

%
Change

%
Change

Current

Previous

-19.36%

-200.83

187.07

-207.36%

2,467

-14.71%

28.8

-895.84

-103.21%

1,952

2,024

-3.56%

187.07

236.81

-21.00%

1,600

1,630

-1.84%

262.69

299.79

-12.38%

1,095

1,053

3.99%

331.94

244.32

35.86%

Source: Proshare Research/NSE

EVANSMED
The Pharmaceutical & Foods Manufacturing Company was listed in 1979 in the
healthcare sector. The stock recorded price depreciations of -2.45%, -4.67% and 4.55% in 2008, 2010 and 2011 respectively while it closed flat in 2009 and 2012.
EVANSMED
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

6.94

6.77

2009

3.12

3.12

-2.45%
0.00%

2010

1.07

1.02

-4.67%

2011

1.1

1.05

-4.55%

2012

0.67

0.67

0.00%

28th Mar, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The latest result of the company, Q4 2011, represents that it
returned N94mln profit with 979% positive growth rate while the profits declared in Q2,
Q1 2011 and Q4 2010 came with negative PAT growth (with the firm also recording
N25mln loss in Q3 2011).
EVANSMED
Turnover N'm

Period
Current

Previous

Q4 2011

4,572

3,942

Q3 2011

1,092

PAT N'm

%
Change

%
Change

Current

Previous

15.98%

94.52

8.76

979.00%

1,071

1.96%

-25.25

8.22

-407.18%

Q2 2011

1,220

1,056

15.53%

13.55

-8.08

-267.70%

Q1 2011

1,100

775.66

41.81%

3.66

-111.55

-103.28%

Q4 2010

3,942

3,523

11.89%

8.76

-889.56

-100.98%

Source: Proshare Research/NSE

FIRSTALUM
The building materials firms listed in Industrial Goods
appreciations in 2008 while it closed flat in preceding years.

55 Stocks Trading t N0.50k Today – What Next?

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recorded

0.42%

price

Page 15

FIRSTALUM
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

2.38

2.39

0.42%

2009

4.3

4.3

0.00%

2010

0.5

0.5

0.00%

2011

0.73

0.73

0.00%

2012

0.5

0.5

0.00%

2nd Feb, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The financials of the company reviewed from indicates that the outfit

declared losses throughout the periods examined.
FIRSTALUM
Turnover N'm

Period
Current

Previous

Q1 2012

2,261

2,026

Q4 2011

8,790

8,760

Q3 2011

6,305

Q2 2011
Q4 2010

PAT N'm

%
Change

%
Change

Current

Previous

11.60%

-116.68

-131.34

-11.16%

0.34%

-325.04

-334.59

-2.85%

6,774

-6.92%

-124.79

-133.73

-6.69%

4,051

4,550

-10.97%

-133.98

-71.07

88.52%

8,760

8,289

5.68%

-334.59

48.32

-792.45%

Source: Proshare Research/NSE

FTNCOCOA
The crop production/Cocoa processing firm recorded price appreciation of +1.55%, +1.95% and
+3.85% in 2008, 2009 and 2010 while it lost by -3.28% in 2011 until it hit its nominal value of 50k on
3rd Jan, 2012.
FTNCOCOA
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

2.58

2.62

1.55%

2009

1.54

1.57

1.95%

2010

0.52

0.54

3.85%

2011

0.61

0.59

-3.28%

2012

0.5

0.5

0.00%

3rd Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The cocoa processing firm declared losses of N221mln in Q4 2011 while
similar outlook was recorded in Q3, Q2 and Q1 2011 with PAT of N63mln recorded in Q4 2010.
FTNCOCOA
Turnover N'm

Period
Current

Previous

Q4 2011

836.94

1,196

Q3 2011

60.06

150.28

PAT N'm

%
Change

%
Change

Current

Previous

-30.02%

-221.03

63.65

-447.26%

-60.03%

-35.89

-17.85

101.06%

55 Stocks Trading t N0.50k Today – What Next?

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Page 16

Q2 2011

466.21

530.68

-12.15%

-93.7

-30.45

207.72%

Q1 2011

250.14

298.62

-16.23%

-24.81

33.87

-173.25%

Q4 2010

1,196

1,361

-12.12%

63.65

259.66

-75.49%

Source: Proshare Research/NSE

GNI
Great Nigeria Plc listed in the financial services sector closed flat throughout the years reviewed.
GNI
Closing
Price

Opening
Price

Year

% Change Stock Hits 50k

2008

3.8

3.8

0.00%

2009

1.43

1.43

0.00%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

8th Feb, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – The insurance outfit in its latest result of Q3 2011 declared profit of N60mln
while Q3 2010 and Q1 2009 financials also carried profit of N29mln and N50mln in that order.
GNI
Turnover N'm

Period
Current

Previous

Q3 2011

2,010

1,471

Q4 2010

1,062

Q3 2010

PAT N'm

%
Change

%
Change

Current

Previous

36.64%

60.73

23.21

161.65%

990.97

7.17%

-187.26

-1,818.00

-89.70%

1,471

1,305

12.72%

29.07

-1,973

-101.47%

Q42009

580.52

392.29

47.98%

-470.61

139.6

-437.11%

Q1 2009

324.24

228.75

41.74%

50.25

36.05

39.39%

Source: Proshare Research/NSE

GUINEAINS
Guinea Insurance Plc which was listed in financial services sector in 1990 recorded price depreciation
of -1.04% in 2009 while it closed flat in 2008, 2010 and 2011.
Year

Opening
Price

GUINEAINS
Closing
Price
% Change Stock Hits 50k

2008

3.67

3.67

0.00%

2009

0.96

0.95

-1.04%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

30th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

55 Stocks Trading t N0.50k Today – What Next?

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Page 17

Financial Review – The insurance outfit witnessed N70mln profit in Q3 2011 with negative

growth while N93mln and N253mln profits were also recorded in Q2 2011 and Q3 2009 respectively.
Losses, however, were declared in Q4 2010 and Q4 2009.
GUINEAINS
Turnover N'm

Period
Current

Previous

Q3 2011

960.5

846.9

Q2 2011

441.44

Q4 2010

1,012

Q4 2009
Q3 2009

PAT N'm

%
Change

%
Change

Current

Previous

13.41%

70.6

222.8

490.62

-10.02%

93.19

64.81

43.79%

1,016

-0.39%

-106

-13.39

691.64%

1,169

935.47

24.96%

-13.39

75.35

-117.77%

949.74

711.38

33.51%

253.48

183.03

38.49%

-68.31%

Source: Proshare Research/NSE

HMARKINS
Consolidated Hallmark Insurance Plc which was listed in financial services sector in 2008 recorded
price depreciation of -6.25% in 2009 while it closed flat in 2008, 2010 and 2011. The stock eventually
hits its current price of 50k on 4th Jan, 2012.
Opening
Price

Year

HMARKINS
Closing
Price
% Change Stock Hits 50k

2008

1.94

1.94

0.00%

2009

1.12

1.05

-6.25%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

4th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review – In all the periods reviewed, the insurance firm declared profit throughout
with N115mln PAT in its Q1 2012 latest results.
HMARKINS
Turnover N'm

Period
Current

Previous

Q1 2012

1,097

1,739

Q4 2011

3,882

Q3 2011

PAT N'm
%
Change

%
Change

Current

Previous

-36.92%

115.14

401.07

-71.29%

2,853

36.07%

258.76

196.62

31.60%

4,248

2,126

99.81%

310.97

181.37

71.46%

Q2 2011

2,519

1,394

80.70%

276

82.27

235.48%

Q1 2011

1,739

821.42

111.71%

401.07

248.4

61.46%

Source: Proshare Research/NSE

IAINSURE
55 Stocks Trading t N0.50k Today – What Next?

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Page 18

Investment & Allied Assurance Plc listed in the financial services sector in the year 2008 closed flat
as no price gain or loss was witnessed throughout the years reviewed. In Feb 2011, the National
Insurance Commission suspended the company’s management due to failure to correct identified
lapses in the operations and financial position of the company after the expiration of the time given it
to effect these corrections. (http://www.proshareng.com/news/13136). Also on 27th Jan, 2012, The
Exchange placed the company on full suspension for non-submission of their 2010 Audited Accounts.
(http://www.proshareng.com/news/16152).
IAINSURE
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

1.36

1.36

0.00%

2009

0.5

0.5

0.00%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

4th Jan, 2010

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
IAINSURE
Turnover N'm

Period
Current

Previous

Q3 2008

1,209

531.34

Q2 2008

611.93

Q4 2007

675.66

PAT N'm
%
Change

%
Change

Current

Previous

127.54%

496.65

205.14

142.10%

354.16

72.78%

252.89

136.76

84.92%

159.19

324.44%

304.65

54.63

457.66%

Source: Proshare Research/NSE

INTENEGINS
The general insurance business firm was listed in the 1969. The stock lost -4.76% price depreciation
in 2010 while it closed flat in the two years before and after 2010 as it eventually hit its nominal value
on 9th Jan, 2012.
Opening
Price

Year

INTENEGINS
Closing
Price
% Change Stock Hits 50k

2008

6.07

6.07

0.00%

2009

2.15

2.15

0.00%

2010

0.63

0.6

-4.76%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

9th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
INTENEGINS
Turnover N'm

Period
Current

Previous

PAT N'm
%
Change

55 Stocks Trading t N0.50k Today – What Next?

Current

Previous

www.proshareng.com

%
Change

Page 19

Q2 2011

2,717

3,022

-10.09%

274.32

621.79

-55.88%

Q4 2010

5,341

4,150

28.70%

-255.02

-3,878

-93.42%

Q3 2010

3,419

3,551

-3.72%

122.51

496.91

-75.35%

Q4 2009

4,150

2,836

46.33%

-3,878

-427.72

806.67%

Q3 2009

4,178

2,408

73.50%

496.9

1,600

-68.94%

Source: Proshare Research/NSE

LASACO
The Lagos State Government owned insurance outfit was listed in June 1991. It recorded 1.76% price
appreciation in 2008 and a further improvement of 4.52% was also recorded in 2009. In 2010, the
stock price dipped by 3.39% while it closed flat in 2011 before eventually hitting its current price of
50k on 5th Jan, 2012.
Opening
Price

Year

LASACO
Closing
Price
% Change Stock Hits 50k

2008

4.55

4.63

1.76%

2009

1.77

1.85

4.52%

2010

0.59

0.57

-3.39%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

5th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –

LASACO
Turnover N'm

Period

PAT N'm

%
Change

Current

Previous

%
Change

Current

Previous

Q4 2011

2,704

2,044

32.29%

128.22

249.66

-48.64%

Q3 2011

2,344

1,734

35.18%

352.3

164.58

114.06%

Q2 2011

1,887

1,720

9.71%

265.46

107.65

146.60%

Q4 2009

3,302

2,334

41.47%

498.23

457.6

8.88%

Q2 2009

3,364

2,334

44.13%

547.02

457.01

19.70%

Source: Proshare Research/NSE

LAWUNION
The financial services firm which was listed in 1990 recorded price appreciation of 0.87% in 2008 and
3.64% in 2011. It closed flat in 2009 and 2010 the stock hits its current nominal price of 50k on 8th
Feb, 2012.

55 Stocks Trading t N0.50k Today – What Next?

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Page 20

LAWUNION
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

4.59

4.63

0.87%

2009

2.81

2.81

0.00%

2010

0.51

0.51

0.00%

2011

0.55

0.57

3.64%

2012

0.5

0.52

4.00%

8th Feb, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
LAWUNION
Turnover N'm

Period
Current

Previous

Q3 2011

3,643

3,083

Q2 2011

2,825

Q1 2011

PAT N'm

%
Change

%
Change

Current

Previous

18.16%

248.51

264.41

-6.01%

2,293

23.20%

150.96

123.83

21.91%

1,642

1,239

32.53%

139.33

123.97

12.39%

Q3 2010

3,083

2,867

7.53%

264.41

293.59

-9.94%

Q2 2010

2,293

2,174

5.47%

123.83

187.81

-34.07%

Source: Proshare Research/NSE

LINKASSURE
The firm was listed on the Exchange in 2003. It witnessed price appreciation of +1.49% in 2009 while
it closed flat in all other periods of review. The stock price hit 50k on 6th Jan, 2012.
LINKASSURE
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

4.06

4.06

0.00%

2009

0.67

0.68

1.49%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

6th Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

LINKASSURE
Turnover N'm

Period

Q3 2011

Current

Previous

1,964

1,596

PAT N'm

%
Change
23.06%

%
Change

Current

Previous

35.75

142.87

-74.98%

Q2 2011

1,063

1,069

-0.56%

44.07

35.83

23.00%

Q1 2011

437.81

573.95

-23.72%

201.87

179.19

12.66%

Q3 2010

1,596

1,880

-15.11%

75.04

216.37

-65.32%

Q3 2009

1,973

1,893

4.23%

24.96

352.83

-92.93%

Source: Proshare Research/NSE
55 Stocks Trading t N0.50k Today – What Next?

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Page 21

MBENEFIT
Mutual Benefits was listed in the 2002. It recorded -0.22% price depreciation while the stock
witnessed an improvement with 1.38% price appreciation recorded in 2009. The stocks share price
closed flat in 2010 and 2011 while it hit 50k on 3rd Jan 2012.
Opening
Price

Year

MBENEFIT
Closing
Price
% Change Stock Hits 50k

2008

4.61

4.6

-0.22%

2009

1.45

1.47

1.38%

2010

0.64

0.64

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

3rd Jan, 2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
MBENEFIT
Turnover N'm

Period
Current

Previous

Q3 2011

3,066

2,523

Q4 2010

3,367

Q3 2010

PAT N'm

%
Change

%
Change

Current

Previous

21.52%

796.58

770.01

3.45%

2,655

26.82%

804.98

277.02

190.59%

4,306

3,259

32.13%

779.98

379.15

105.72%

Q4 2009

5,283

3,631

45.50%

354.65

-1,525

-123.26%

Q1 2009

925.9

625

48.14%

326.33

259.3

25.85%

Source: Proshare Research/NSE

MTI
The ICT firm which was listed on the Exchange in 2008 recorded -29.76% and -82.21% losses
respectively in 2008 and 2009 while the stock hit its current price of 50k in 14th Aug, 2009 and closed
flat in 2010 and 2011.
Year

Opening
Price

2008

4.2

2009
2010

MTI
Closing
Price

% Change Stock Hits 50k

2.95

-29.76%

2.81

0.5

-82.21%

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

14th Aug, 2009

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
55 Stocks Trading t N0.50k Today – What Next?

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Page 22

MTI
Turnover N'm

Period
Current

PAT N'm
%
Change

Previous

Current

Previous

%
Change

Q3 2010

650.05

706.45

-7.98%

-873.23

-281.14

210.60%

Q1 2009

549.98

430.58

27.73%

35.5

22.92

54.89%

Q4 2008

1,206.52

1,120.74

7.65%

33.5

20.25

65.43%

Q3 2008

941.71

840.55

12.03%

19.69

12.96

51.93%

Source: Proshare Research/NSE

MULTIVERSE
The exploring company is listed in the Natural Resources sector of the Exchange on 8th October,
2008. The stock share price recorded -63.49% and -31.51 price depreciation in 2008 and 2009
respectively while it closed flat in 2010 and 2011. It hit its current share price of 50k on 19th Aug,
2009.
MULTIVERSE
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

1.89

0.69

-63.49%

2009
2010

0.73

0.5

-31.51%

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

19th Aug,2009

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –

MULTIVERSE
Turnover N'm

Period

PAT N'm
%
Change

Current

Previous

Q1 2012

176.81

260.53

-32.13%

Q4 2011

660.06

564.91

16.84%

Q3 2011

560.69

500.62

12.00%

Q2 2011

361.88

392.75

-7.86%

Q1 2011

260.53

191.98

35.71%

%
Change

Current

Previous

13.76

34.76

-60.41%

25.57

43.1

-40.67%

-38.11

-58.33

-34.66%

29.01

54.45

-46.72%

34.76

29.59

17.47%

Source: Proshare Research/NSE

NEM
The insurance outfit was listed in the year 1989. The stock share price experienced depreciations in
2008 and 2009, closing negative with -67.40% and -60.87% losses while in 2011 it also recorded -

55 Stocks Trading t N0.50k Today – What Next?

www.proshareng.com

Page 23

8.77% price decline. In 2012, stock returned a -7.41% decline and eventualy hit its current price of
50k on 14th March, 2012.
Opening
Price

Year

NEM
Closing
Price

% Change Stock Hits 50k

2008

4.11

1.34

-67.40%

2009

1.38

0.54

-60.87%

2010

0.52

0.55

5.77%

2011

0.57

0.52

-8.77%

2012

0.54

0.5

-7.41%

14th Mar,2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
NEM
Turnover N'm

Period
Current

Previous

Q4 2011

8,381

6,386

Q3 2011

7,030

Q2 2011

PAT N'm
%
Change

%
Change

Current

Previous

31.24%

1,343

833.85

61.06%

5,330

31.89%

1,150

1,030

11.65%

5,274

3,750

40.64%

949.53

808.7

17.41%

Q4 2010

5,978

4,966

20.38%

833.85

844.14

-1.22%

Q3 2010

5,328

4,005

33.03%

1,038

812.95

27.68%

Source: Proshare Research/NSE

NIGERINS
The Life and General Insurance firm was listed on the Exchnage in 1993. The stock recorded price
decline from 2008 to 2011 while it hit 50k on 30th Jan, 2012.
Opening
Price

Year

NIGERINS
Closing
Price
% Change Stock Hits 50k

2008

6.42

3.25

-49.38%

2009

3.09

0.93

-69.90%

2010

0.97

0.6

-38.14%

2011

0.6

0.5

-16.67%

2012

0.5

0.5

0.00%

30th Jan,2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
NIGERINS
Turnover N'm

Period

PAT N'm
%
Change

Previous

Q3 2011

5,605

4,243

32.10%

190.37

191.54

-0.61%

Q2 2011

3,938.00

2,752

43.10%

255.63

253.14

0.98%

55 Stocks Trading t N0.50k Today – What Next?

Current

Previous

%
Change

Current

www.proshareng.com

Page 24

Q1 2011

2,037

1,426

42.85%

101.63

146.2

-30.49%

Q4 2010

7,043

7,196

-2.13%

-123.66

-2,285

-94.59%

Q4 2009

7,196.00

5,177.00

39.00%

-2,285.00

-124.75

1731.66%

Source: Proshare Research/NSE

NIGSEWING
The company had no price history and no latest financials that can be analyzed and presented here.
Opening
Price

Year

NIGSEWING
Closing
Price
% Change Stock Hits 50k

2008

NIL

NIL

0.00%

2009

NIL

NIL

0.00%

2010

NIL

NIL

0.00%

2011

NIL

NIL

0.00%

2012

NIL

NIL

0.00%

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

NIWICABLE
The manufacturing and sales company was listed on the Exchange in 1995. The stock recorded price
decline from 2008 to 2011 while it hit 50k on 24th Oct, 2011.
Opening
Price

Year

NIWICABLE
Closing
Price
% Change Stock Hits 50k

2008

5.96

2.6

-56.38%

2009

2.47

0.93

-62.35%

2010

0.97

0.58

-40.21%

2011

0.57

0.5

-12.28%

2012

0.5

0.5

0.00%

24th Oct,2011

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

NIWICABLE
Turnover N'm

Period
Current

Previous

Q4 2009

1,018

980.23

Q4 2008

980.23

Q4 2007

PAT N'm
%
Change

%
Change

Current

Previous

3.85%

-349.07

-272.81

27.95%

0.00

0.00%

-272.81

-234.35

16.41%

0.00

90.19

-100.00%

-234.35

-446.89

-47.56%

Q4 2006

90.19

240.72

-62.53%

-446.89

-298.25

49.84%

Q4 2005

240.72

64.96

270.57%

-298.25

-183.24

62.76%

Source: Proshare Research/NSE

55 Stocks Trading t N0.50k Today – What Next?

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Page 25

OASISINS
Oasis Insurance Plc was listed on the Nigerian bourse on 9th Nov, 1992. It recorded price appreciation
of 119.84% in 2008 while it declined by 71.27% and 66.44% in 2009 and 2010. The stock closed flat
in 2011 while it hit its current price of 50k on 16th Sept, 2010.
Opening
Price

Year

OASISINS
Closing
Price
% Change Stock Hits 50k

2008

2.47

5.43

119.84%

2009

5.43

1.56

-71.27%

2010

1.49

0.5

-66.44%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

16th Sep,2010

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
OASISINS
Turnover N'm

Period
Current

Previous

Q1 2012

840.75

749.44

Q4 2011

1,471

Q3 2011

PAT N'm
%
Change

%
Change

Current

Previous

12.18%

252.91

202.97

24.60%

1,226

19.98%

106.39

85.21

24.86%

1,280

1,095

16.89%

97.1

74.69

30.00%

Q2 2011

1,065

889.04

19.79%

193.05

101.4

90.38%

Q4 2010

1,226

895.08

36.97%

97.91

-95.95

-202.04%

Source: Proshare Research/NSE

OMATEK
The ICT company which was listed on 18th June, 2008 recorded price depreciation in 2008 and 209 as
it dropped by -69.84% and 66.67% while flat position was witnessed in 2010 and 2011 as it hit 50k 0n
12th Aug, 2010.
Year

Opening
Price

OMATEK
Closing
Price
% Change Stock Hits 50k

2008

5.14

1.55

-69.84%

2009

1.62

0.54

-66.67%

2010

0.52

0.52

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

12th Aug,2010

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
55 Stocks Trading t N0.50k Today – What Next?

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Page 26

OMATEK
Turnover N'm

Period
Current

Previous

Q4 2011

348.97

1,048

Q3 2011

771.68

1,724

Q2 2011

665

6,900

Q1 2011

503.29

1,724

Q4 2010

1,048

1,724

PAT N'm
%
Change

%
Change

Current

Previous

-414.59

109.84

-477.45%

-55.24%

86.68

314.42

-72.43%

-90.36%

134.78

132.8

1.49%

-70.81%

132.63

314.42

-57.82%

-39.21%

109.84

314.42

-65.07%

-66.70%

Source: Proshare Research/NSE

PRESTIGE
Prestige Assurance Plc was listed in the insurance sub-sector on 3rd Dec, 1990. The stock share
declined throughout the periods reviewed while it hit 50k on 16th April, 2012.
PRESTIGE
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

8.65

5.94

-31.33%

2009

5.94

4.2

-29.29%

2010

4

2.2

-45.00%

2011

2.09

0.94

-55.02%

2012

0.94

0.5

-46.81%

16th Apr,2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

Financial Review –
PRESTIGE
Turnover N'm

Period
Current

Previous

Q4 2011

4,173

3,860

Q3 2011

3,248

Q2 2011

PAT N'm
%
Change

%
Change

Current

Previous

8.11%

255.99

487.7

-47.51%

3,157

2.88%

360.14

573.06

-37.15%

2,061

2,457

-16.12%

464.4

589.77

-21.26%

Q1 2011

1,109

1,215

-8.72%

164.76

331.8

-50.34%

Q4 2010

3,874

3,445

12.45%

487.7

593.03

-17.76%

Source: Proshare Research/NSE

RAKUNITY
The petroleum marketing company was listed in the Oil & Gas sector in 1989. It recorded price
depreciation of -3.23% in 2008 while it closed flat from 2009 to 2011.

55 Stocks Trading t N0.50k Today – What Next?

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RAKUNITY
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

0.31

0.3

-3.23%

2009

0.30

0.30

0.00%

2010

0.30

0.30

0.00%

2011

0.31

0.31

0.00%

2012

0.31

0.31

0.00%

Trading Below

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

REGALINS
Regency Alliance Insurance Plc was listed in May, 2008 and closed negative with -60.11% and 34.21% price decline in 2008 and 2009 while it closed flat in 2010 and 2011 as it hit 50k on 11th Aug,
2009.
REGALINS
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

1.83

0.73

-60.11%

2009

0.76

0.5

-34.21%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

11th Aug,2009

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

REGALINS
Turnover N'm

Period
Current

Previous

Q3 2011

1,696

1,521

Q2 2011

1,319

Q3 2010

PAT N'm

%
Change

%
Change

Current

Previous

11.51%

234.98

269.39

-12.77%

917.71

43.73%

124.39

67.88

83.25%

1,521

1,452

4.75%

269.39

208.99

28.90%

Q2 2010

956.49

919.11

4.07%

67.88

198.01

-65.72%

Q1 2010

644.62

585.55

10.09%

76.23

150.17

-49.24%

Source: Proshare Research/NSE

RESORTSAL
The financial Services firm was listed in the year 2009. It witnessed -48.48% price depreciations in
2009 and recorded flat position in 2010 and 2011. The stock price hit 50k on 4th Jan, 2010.

55 Stocks Trading t N0.50k Today – What Next?

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RESORTSAL
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year

Listed in 2009

2008
2009

0.99

0.51

-48.48%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

4th Jan,2010

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

RESORTSAL
Turnover N'm

Period
Current

Previous

Q3 2011

945.93

757.33

Q2 2011

608.54

Q4 2010

PAT N'm
%
Change

Current

Previous

% Change

24.90%

148.06

-2.02

-7429.70%

545.12

11.63%

151.4

133.26

13.61%

1,095

1,174

-6.73%

-2,036

308.33

-760.33%

Q3 2010

859.4

854.72

0.55%

208.77

330.52

-36.84%

Q2 2010

505.12

543.47

-7.06%

133.26

204.64

-34.88%

Source: Proshare Research/NSE

ROYALEX
The financial services outfit was listed in Dec, 1990. The stock recorded price losses from 2008 to
2010 as it dropped by -37.06%, -80.47% and -24.24% in 2008, 2009 and 2010 while it closed flat in
2011 as it hit 50k on 28th July, 2011.
ROYALEX
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

5.37

3.38

-37.06%

2009

3.38

0.66

-80.47%

2010

0.66

0.5

-24.24%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

28th Jul,2011

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

ROYALEX
Turnover N'm

Period

PAT N'm
%
Change

Current

Previous

Q3 2011

4,137

1,743

Q2 2011

2,324

1,743

Q1 2011

1,133

753.68

Q4 2010

3,267

3,645

Q3 2010

2,379

2,433

-2.22%

%
Change

Current

Previous

137.35%

193.67

196.58

-1.48%

33.33%

239.58

231.17

3.64%

50.33%

86.35

207.61

-58.41%

-10.37%

273.41

160.07

70.81%

196.58

602.41

-67.37%

Source: Proshare Research/NSE

55 Stocks Trading t N0.50k Today – What Next?

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SOVRENINS
The insurance outfit listed in 2006 recorded -73.65% and -55.36% price depreciation in 2008 and
2009 while flat position was recorded in 2010 and 2011. The stock price dropped to nominal value on
20th May, 2011.
Opening
Price

Year

SOVRENINS
Closing
Price
% Change Stock Hits 50k

2008

4.44

1.17

-73.65%

2009

1.12

0.5

-55.36%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

20th May,2011

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

SOVRENINS
Turnover N'm

Period
Current

Previous

Q4 2011

6,407

4,761

Q3 2011

5,714

Q2 2011

PAT N'm
%
Change

%
Change

Current

Previous

34.57%

704.11

308.76

128.04%

4,051

41.05%

886.12

715.95

23.77%

4,495

2,901

54.95%

810.75

603.64

34.31%

Q4 2010

4,761

4,440

7.23%

308.76

4.2

7251.43%

Q2 2010

2,901

2,826

2.65%

603.64

501.68

20.32%

Source: Proshare Research/NSE

STACO
The general life and special risk insurance outfit was listed on 25th June, 2007. The stock recorded
65.43% price appreciation in 2008 but the gain was erased with -80.45% and -60% losses in 2009 and
2010 respectively. The stock hit 50k on 18th May, 2010 and has remained there ever since.
Opening
Price

Year
2008

STACO
Closing
Price
% Change Stock Hits 50k

4.05

6.7

65.43%

2009

6.7

1.31

-80.45%

2010

1.25

0.5

-60.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

18th May,2010

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

STACO
Turnover N'm

Period

Q3 2011

Current

Previous

5,004

4,293

PAT N'm
%
Change

55 Stocks Trading t N0.50k Today – What Next?

16.56%

Current

Previous

592.02

634.51

www.proshareng.com

%
Change
-6.70%

Page 30

Q2 2011

3,770

3,010

25.25%

360.07

704.26

-48.87%

Q1 2011

2,469

1,568

57.46%

616.3

488.16

26.25%

Q4 2010

5,248

5,058

3.76%

43.05

433.16

-90.06%

Q3 2010

4,394

4,081

7.67%

634.51

550.73

15.21%

Source: Proshare Research/NSE

STARCOMMS
The ICT company was listed on 14th July, 2008 after its public offering. It recorded price
depreciation of -71.95%, -53.49%, -21.14% and -65.28% in 2008, 2009, 2010 and
2011 rspectively while the stock price hit 50k on 23rd Aug, 2011.
STARCOMMS
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

14.33

4.02

-71.95%

2009

3.87

1.8

-53.49%

2010

1.75

1.38

-21.14%

2011

1.44

0.5

-65.28%

2012

0.5

0.5

0.00%

23rd Aug,2011

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

STARCOMMS
Turnover N'm

Period
Current

Previous

Q4 2011

20,162

29,031

Q3 2011

16,078

Q2 2011

11,366

PAT N'm

%
Change

%
Change

Current

Previous

-30.55%

-17,564

7,660

-329.30%

23,966

-32.91%

-6,755

-5,042

33.97%

16,045

-29.16%

-4,017

-3,179

26.36%

Q1 2011

6,051

7,936

-23.75%

-2,061

-1,530

34.71%

Q4 2010

29,031

34,304

-15.37%

-7,660

-7,787

-1.63%

Source: Proshare Research/NSE

STDINSURE
The Life and Non-life Insurance business company was listed in 2003. The stock recorded price
losses in 2008, 2009, 2010 and hit 0.50k on 25th May, 2010 where it has remained since...
Year

Opening
Price

STDINSURE
Closing
Price
% Change Stock Hits 50k

2008

4.23

1.51

-64.30%

2009

1.48

0.51

-65.54%

2010

0.55

0.5

-9.09%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

25th May,2010

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

55 Stocks Trading t N0.50k Today – What Next?

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Page 31

STDINSURE
Turnover N'm

Period
Current

Previous

Q3 2011

3,990

2,974

Q4 2010

3,782

Q3 2010
Q4 2009
Q3 2009

PAT N'm
%
Change

%
Change

Current

Previous

34.16%

552.97

733.17

-24.58%

3,158

19.76%

-8,551

-5,858

45.97%

3,058

1,397

118.90%

923.28

-1,673

-155.19%

1,795

1,481

21.20%

-5,956

690.49

-962.58%

2,455

2,371

3.54%

1,673

921.29

81.59%

Source: Proshare Research/NSE

STOKVIS
The equipment leasing and ancillary services firm was listed in the Industrial Goods
sector in 1978. The stock recorded no price movement as it closed flat thruought the
review period.
Opening
Price

Year

STOKVIS
Closing
Price
% Change Stock Hits 50k

2008

Nil

Nil

0.00%

2009

0.14

0.14

0.00%

2010

0.14

0.14

0.00%

2011

0.14

0.14

0.00%

2012

0.14

0.14

0.00%

Trading below

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE
STOKVIS
Turnover N'm

Period
Current

Previous

Q4 2010

0.21

0.43

Q4 2009

0.43

Q4 2008
Q4 2007

PAT N'm

%
Change

%
Change

Current

Previous

-51.16%

23.72

49.74

-52.31%

2.52

-82.94%

-49.74

22.81

-318.06%

3.52

2.31

52.38%

22.81

0.71

3112.68%

2,310

1,220

89.34%

-710

-428

65.89%

Source: Proshare Research/NSE

TANTALIZER
The manufacturing and food sales outfit was listed in 2008 in the hospitality sub-sector.
The stock witnessed price depreciation of -52.86%, -57.69%, -31.17% and -3.85% in
2008, 2009, 2010 and 2011 respectively; and hit 50k on 8th June, 2011.

55 Stocks Trading t N0.50k Today – What Next?

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Page 32

Opening
Price

Year

TANTALIZERS
Closing
Price
% Change Stock Hits 50k

2008

3.67

1.73

-52.86%

2009

1.82

0.77

-57.69%

2010

0.77

0.53

-31.17%

2011

0.52

0.5

-3.85%

2012

0.5

0.5

0.00%

8th June,2011

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

TANTALIZER
Turnover N'm

Period
Current

Previous

Q4 2011

4,604

4,889

Q3 2011

3,419

Q2 2011

PAT N'm
%
Change

%
Change

Current

Previous

-5.83%

101.87

61.35

66.05%

3,686

-7.24%

28.63

53.41

-46.40%

1,120

1,200

-6.67%

3.57

33.23

-89.26%

Q1 2011

1,150

1,267

-9.23%

23.63

36.27

-34.85%

Q4 2010

4,889

5,390

-9.29%

61.35

56.62

8.35%

Source: Proshare Research/NSE

UNHOMES
The mortgage banking outfit was listed in 2006 in the financial services sector. The stock
witnessed price depreciation of -55.13%, -73.77%, -3.37% and -43.18% in 2008, 2009,
2010 and 2011 in that order. The stock hit 50k on 1st Sept, 2011.
Opening
Price

Year

UNHOMES
Closing
Price
% Change Stock Hits 50k

2008

7.6

3.41

-55.13%

2009

3.24

0.85

-73.77%

2010

0.89

0.86

-3.37%

2011

0.88

0.5

-43.18%

2012

0.5

0.5

0.00%

1st Sept, 2011

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

UNHOMES
Turnover N'm

Period
Current

Previous

Q3 2010

6,798

4,573

Q2 2010

4,800

Q4 2008

PAT N'm
%
Change

%
Change

Current

Previous

48.66%

1,309

259

405.41%

4,573

4.96%

1,160

259

347.88%

4,402

6,510

-32.38%

-1,669

-2,245

-25.66%

Q1 2008

2,279

1,740

30.98%

223

179

24.58%

Q3 2008

4,803

4,099

17.17%

535

427

25.29%

Source: Proshare Research/NSE

55 Stocks Trading t N0.50k Today – What Next?

www.proshareng.com

Page 33

UNIC
Unic Insurance Plc was listed in 1990 in the financial services sector. The stock
witnessed a decline in share price in 2008 and 2009 while it clolsed flat in 2010. It
declined in 2011 as the share price hit it current price of 50k on 1st Sept, 2011.
UNIC
Closing
Price

Opening
Price

Year
2008

% Change Stock Hits 50k

7.49

3.38

-54.87%

2009

3.4

0.81

-76.18%

2010

0.85

0.85

0.00%

2011

0.86

0.5

-41.86%

2012

0.5

0.5

0.00%

1st Sep,2011

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

UNIC
Turnover N'm

Period
Current

Previous

Q3 2011

882.3

1,342

Q2 2011

1,056

Q1 2011

PAT N'm
%
Change

%
Change

Current

Previous

-34.25%

168.66

357.85

-52.87%

1,495

-29.36%

-102.65

-60.24

70.40%

82.9

235.58

-64.81%

-40.04

65.36

-161.26%

Q4 2010

1,709

2,740

-37.63%

-1,025

-538.77

90.25%

Q3 2010

1,342

2,242

-40.14%

357.85

372.33

-3.89%

Source: Proshare Research/NSE

UNIONDAC
The medical equipment company was listed on 11th sept, 2008 in the healthcare sector.
The stock recorded straight losses in the three consecutive years while it closed flat in
2011 after hitting 50k on 3rd Sept, 2010.
Opening
Price

Year

UNIONDAC
Closing
Price
% Change Stock Hits 50k

2008

3.02

1.29

-57.28%

2009

1.23

0.59

-52.03%

2010

0.61

0.5

-18.03%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

3rd Sep,2010

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

UNIONDAC
Turnover N'm

Period
Current

Previous

55 Stocks Trading t N0.50k Today – What Next?

PAT N'm
%

Current

Previous

www.proshareng.com

%

Page 34

Change
Q4 2011

702.62

Q4 2010

550.11

Q4 2009

684.8

Q4 2008

1,033

Q3 2008

918.5

550.11

Change

27.72%

-223.52

-158.91

40.66%

684.8

-19.67%

-158.91

110.35

-244.01%

1,033

-33.71%

110.35

370.09

-70.18%

545.78

89.27%

370.09

255.08

45.09%

545.78

68.29%

386.7

255.07

51.61%

Source: Proshare Research/NSE

UNITYKAP
The Insurance firm was listed in December 2009. Its share price closed negative by 78.99% in 2010 and recorded a flat position in all other periods. It hit 50k on 10th Aug,
2010.
UNITYKAP
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year

Listed in Sept 2009

2008
2009

2.5

2.5

0.00%

2010

2.38

0.5

-78.99%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

10th Aug,2010

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE
UNITYKAP
Turnover N'm

Period
Current

Previous

Q3 2011

1,582

715.56

Q2 2011

1,193

Q4 2010

PAT N'm
%
Change

%
Change

Current

Previous

121.09%

376.04

-79.26

-574.44%

617.07

93.33%

301.8

40.66

642.25%

868.7

1,300

-33.18%

-190.2

112

-269.82%

Q3 2010

715.56

899.32

-20.43%

73.07

518.05

-85.90%

Q2 2010

949.85

1,158

-17.97%

40.66

481.78

-91.56%

Source: Proshare Research/NSE

UNIVINSURE
The general insurance outfit was listed on the Exchange on 11th February, 2008. It
recorded -63.92% and -29.58% in 2008 and 2009 respectively before closing flat from
2010 till date. The stock share price hit 50k on 10th Aug, 2009.

55 Stocks Trading t N0.50k Today – What Next?

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Page 35

UNIVINSURE
Closing
Price
% Change Stock Hits 50k

Opening
Price

Year
2008

1.94

0.7

-63.92%

2009
2010

0.71

0.5

-29.58%

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

10th Aug 2009

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

UNIVINSURE
Turnover N'm

Period
Current

Previous

Q4 2010

310.9

578.95

Q4 2009

578.95

Q4 2008

PAT N'm
%
Change

Current

Previous

% Change

-46.30%

-186.57

-2,167

-91.39%

743.98

-22.18%

-2,167

206.66

-1148.58%

826.18

428.57

92.78%

336.81

209.44

60.81%

Q1 2008

104.63

94

11.31%

34.43

28.17

22.22%

Q4 2007

498.83

494.2

0.94%

209.43

330.22

-36.58%

Source: Proshare Research/NSE

UTC
The food processing firm was listed on 31st January, 1972 in the Consumer Goods sector.
The stock recorded price appreciations in 2008 only for this to be erased by drops of 80.85%, -20.93% and -26.47% in 2009, 2010 and 2011 respectively.
UTC
Closing
Price

Opening
Price

Year

% Change Stock Hits 50k

2008

3.93

4.49

14.25%

2009

4.49

0.86

-80.85%

2010

0.86

0.68

-20.93%

2011

0.68

0.5

-26.47%

2012

0.5

0.5

0.00%

13th Sep,2011

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

UTC
Turnover N'm

Period
Current

Previous

Q1 2012

584.53

791.28

Q4 2011

2,798

Q4 2010

PAT N'm
%
Change

%
Change

Current

Previous

-26.13%

10.5

29.9

-64.88%

2,823

-0.89%

1,399

79.8

1653.13%

2,823

2,574

9.67%

79.8

74.77

6.73%

Q2 2010

1,370

1,153

18.82%

30.05

15.68

91.65%

Q4 2009

2,579

2,153

19.79%

74.77

93.25

-19.82%

Source: Proshare Research/NSE

55 Stocks Trading t N0.50k Today – What Next?

www.proshareng.com

Page 36

WAAP
The Aluminium products firm was listed in the natural resources sector on 6th Sept,
1989. The stock share price closed flat in the five year review period, and has been at
nominal value since 22nd Jan, 2008.
Opening
Price

Year

WAAP
Closing
Price
% Change Stock Hits 50k

2008

0.5

0.5

0.00%

2009

0.5

0.5

0.00%

2010

0.5

0.5

0.00%

2011

0.5

0.5

0.00%

2012

0.5

0.5

0.00%

22-Jan-08

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

WAAP
Turnover N'm

Period
Current

Previous

Q4 2009

20.01

67.9

Q4 2008

67.9

Q4 2007

67.3

Q4 2006

55.21

40.32

PAT N'm
%
Change

Current

Previous

% Change

-70.53%

-227.83

-21.1

979.76%

67.3

0.89%

-21.1

-11.2

88.39%

55.21

21.90%

-11.2

-4.65

140.86%

36.93%

-4.65

0.28

-1760.71%

Source: Proshare Research/NSE

WEMABANK
Wema Bank Plc was listed in the banking sub-sector on 13th Feb, 1991. The stock share
price recorded –4.73% loss in 2008 while it further dropped by -93.77% in 2009. The
share price recorded appreciation in 2010 by +43.01% but resumed southwards in 2011
by -55.81%. So far in 2012, it has recorded -12.28% as it hit 50k on 4th April, 2012.
Opening
Price

Year

WEMABANK
Closing
Price
% Change Stock Hits 50k

2008

15

14.29

-4.73%

2009

14.29

0.89

-93.77%

2010

0.93

1.33

43.01%

2011

1.29

0.57

-55.81%

2012

0.57

0.5

-12.28%

4th April,2012

Note: 2012 Closing Price is as at 25th May, 2012
Source: Proshare Research/NSE

WEMABANK
Turnover N'm

Period
Current

Previous

PAT N'm
%
Change

55 Stocks Trading t N0.50k Today – What Next?

Current

Previous

www.proshareng.com

%
Change

Page 37

Q3 2011

20,328

24,085

-15.60%

1,540

1,791

-14.01%

Q2 2011

13,677

16,302

-16.10%

1,606

1,207

33.06%

Q1 2011

6,835

8,432

-18.94%

887.37

675.76

31.31%

Q4 2010

21,796

18,994

14.75%

17,455

-7,530

-331.81%

Q3 2010

24,085

25,286

-4.75%

1,635

-29,727

-105.50%

Source: Proshare Research/NSE

55 Stocks Trading t N0.50k Today – What Next?

www.proshareng.com

Page 38

3. What Next?
In stock investing, there are two—and only two—ways to make money:
Capital appreciation
Dividends
Indeed, the equation for total performance is Total Returns = Capital Gains (or Losses) +
Dividends Received. Notice that the dividends are always positive, while capital gains can
in reality be capital losses. We have come to believe that these two goals are very
different and that each requires its own strategy.
In answering the “what next” question therefore, you must be clear as to which type of
investor you are. Investors are of two kinds namely Hot and Cold Investors.
Hot Investors are very involved in the market. They track their investments; they
focus on what people are saying. They are totally up to date on the latest news. They
make investment decisions based on a lot of input. They follow expert views, sometimes
becoming experts themselves. They live and breathe the markets.
If you fit this category, we encourage you to track the sentiments that drive the market
published weekly here - http://proshareng.com/news/Cap%20Mkt%20Sentiments.
Investing for capital appreciation is “buy low, sell high.” It is what most investors think
of first when they think about stock investing.
Cold Investors are the type that is not very involved in the markets. They don’t often
look at benchmark indices. They invest and keep investing not worrying about timing the
market. As a result they sometimes miss out on opportune investment moments. They
are not always aware of what analysts are recommending. They rarely become experts.
They follow very basic investments rules.
We understand that Cold investors don’t really care about the markets, but they do care
about returns. For this category of investors, we encourage to follow our Special reports
on dividends http://www.proshareng.com/news/17275, http://www.proshareng.com/news/16841.
Investing for dividends is about the accumulation of wealth by collecting dividends from
stocks that kick out healthy, reliable, and growing cash streams to their shareholders.
The dividends can be re-invested to accelerate the wealth accumulation process, or they
can be cashed out immediately and used as current income.
For specific firm analysis and investment decision options, kindly contact your fund
managers.
For insights into analysis and detailed information on the stocks listed here, kindly
contact analyst@proshareng.com

55 Stocks Trading t N0.50k Today – What Next?

www.proshareng.com

Page 39

4. Appendix

S/
No

Company

Sector

Listing Date

Opening
Price

Closing
Price

2008

May-12

Stock Hits 50K

Latest
Result

Comment

1

ABCTRANS

Services

20th December, 2006

2.66

0.50

16th Feb, 2012

Q4 2011

Negative PAT and growth

2

AFRINSURE

Financial Services

17th September 2009

3.67

0.50

1st Feb, 2012

Q2 201

Prices closed flat most periods

3

AFROMEDIA

Services

18th May 2009

2.51

0.50

4th Jan, 2012

Q1 2012

Prices closed flat most periods

4

AIICO

Financial Services

3rd December, 1990

3.43

0.50

16th May, 2012

Q4 2011

Closed positive and flat twice each

5

ASOSAVINGS

Financial Services

25th APRIL 2008

3.67

0.50

4th Jan, 2012

Q3 2011

Prices closed flat most periods

6

BECOPETRO

Oil & Gas

7th October 2009

2.50

0.50

3rd Jan, 2012

Q4 2011

Prices closed flat most periods

7

BIGTREAT

Consumer Goods

06th December 2007

5.89

0.50

21st Sept, 2012

Q4 2009

prices closed flat most periods with negative PAT

8

CAPOIL

Oil & Gas

May, 1990

5.69

0.50

5th Jan, 2012

Q4 2009

9

CHAMS

ICT

24th September 2008

2.62

0.50

3rd Jan, 2012

Q1 2012

Prices closed flat throughout
Closed both positive and negative with negative
PAT

10

CILEASING

Services

10th December, 1997

8.50

0.50

30th Jan, 2012

Q3 2011

Closed negative twice with positive PAT

11

CORNERST

Financial Services

13th August, 1997

4.77

0.50

6th Jan, 2012

Q3 2011

Prices closed flat most periods

12

COURTVILLE

ICT

01st April 2009

2.62

0.50

3rd Jan, 2012

Q4 2011

13

CRUSADER

Financial Services

1990

6.61

0.50

4th Jan, 2012

Q3 2011

Prices closed flat throughout
Closed both positive and negative with negative
PAT

14

DAARCOMM

Services

26th September 2008

5.25

0.50

5th Jan, 2012

Q4 2010

Closed positive twice with negative PAT

15

DUNLOP

Consumer Goods

1961

3.21

0.50

4th Jan, 2012

Q4 2011

Prices closed flat most periods

16
17

EQUITYASUR
EVANSMED

Financial Services
Healthcare

1984
1979

2.46

0.50
0.50

5th Jan, 2012
28th Mar, 2012

Q3 2011
Q4 2011

Prices closed flat throughout
Closed negative thrice with positive PAT

55 Stocks Trading t N0.50k Today – What Next?

www.proshareng.com

Page 40

6.94
18

FIRSTALUM

Industrial Goods

5th November, 1992

2.38

0.50

2nd Feb, 2012

Q1 2012

19

FTNCOCOA

Services

20th December, 2006

2.66

0.50

16th Feb, 2012

Q4 2011

Prices closed flat most periods
Closed both positive and negative with negative
PAT

20

GNI

Financial Services

17th September 2009

3.67

0.50

1st Feb, 2012

Q2 201

Prices closed flat throughout

21

GUINEAINS

Financial Services

1990

3.67

0.50

30th Jan, 2012

Q3 2011

Prices closed flat most periods

22

HMARKINS

Financial Services

22nd February 2008

1.94

0.50

4th Jan, 2012

Q1 2012

Prices closed flat most periods

23

IAINSURE

Financial Services

09th May 2008

1.36

0.50

4th Jan, 2010

Q3 2008

Prices closed flat throughout

24

INTENEGINS

Financial Services

13th July, 1969

6.07

0.50

9th Jan, 2012

Q2 2011

Prices closed flat most periods

25

LASACO

Financial Services

14th June, 1991

4.55

0.50

5th Jan, 2012

Q4 2011

Closed both positive and negative with positive PAT

26

LAWUNION

Financial Services

9th July, 1990

4.59

0.50

8th Feb, 2012

Q3 2011

Prices closed flat most periods

27

LINKASSURE

Financial Services

18th November, 2003

4.06

0.50

6th Jan, 2012

Q3 2011

Prices closed flat most periods

28

MBENEFIT

Financial Services

3rd June, 2002

4.61

0.50

3rd Jan, 2012

Q3 2011

Closed both positive and negative with positive PAT

29

MTI

ICT

28th November 2008

4.20

0.50

14th Aug, 2009

Q3 2010

Prices closed flat most periods

30

MULTIVERSE

Natural Resources

8th October 2008

1.89

0.50

19th Aug,2009

Q1 2012

Prices closed flat most periods

31

NEM

Financial Services

1989

4.11

0.50

14th Mar,2012

Q4 2011

Prices closed negative most periods

32
33

NIGERINS
NIGSEWING

Financial Services
Financial Services

1st September, 1993
1978

6.42

0.50
0.50

30th Jan,2012

Q3 2011

Prices closed negative most periods
No Price History and Financials

34

NIWICABLE

Industrial Goods

5th July, 1995

5.96

0.50

24th Oct,2011

Q3 2011

Prices closed negative most periods

35

OASISINS

Financial Services

9th November, 1992

2.47

0.50

16th Sep,2010

Q1 2012

Closed both positive and negative with positive PAT

36

OMATEK

ICT

18th June 2008

5.14

0.50

12th Aug,2010

Q4 2011

Prices closed flat most periods

37

PRESTIGE

Financial Services

3rd December, 1990

8.65

0.50

16th Apr,2012

Q4 2011

Prices closed negative most periods

38

RAKUNITY

Oil & Gas

21st March, 1989

0.31

0.50

Trading Below

Q4 2011

Prices closed flat most periods

55 Stocks Trading t N0.50k Today – What Next?

www.proshareng.com

Page 41

39

REGALINS

Financial Services

27th May 2008

1.83

0.50

11th Aug,2009

Q3 2011

Prices closed flat most periods

40

RESORTSAL

Financial Services

23rd November, 2009

0.99

0.50

4th Jan,2010

Q3 2011

Prices closed flat most periods

41

ROYALEX

Financial Services

3rd December, 1990

5.37

0.50

28th Jul,2011

Q3 2011

Prices closed negative most periods

42

SOVRENINS

Financial Services

29th November 2006

4.44

0.50

20th May,2011

Q4 2011

Prices closed flat most periods

43

STACO

Financial Services

25th June 2007

4.05

0.50

18th May,2010

Q3 2011

Closed both positive and negative with positive PAT

44

STARCOMMS

ICT

14th July 2008

14.33

0.50

23rd Aug,2011

Q4 2011

Prices closed negative most periods

45

STDINSURE

Financial Services

19th December, 2003

4.23

0.50

25th May,2010

Q3 2011

Prices closed negative most periods

46

STOKVIS

Industrial Goods

1978

0.14

0.50

Trading Below

Q4 2010

Prices closed flat throughout

47

TANTALIZER

Services

23rd June 2008

3.67

0.50

8th June,2011

Q4 2011

Prices closed negative most periods

48

UNHOMES

Financial Services

24th April, 2006

7.60

0.50

1st Sept, 2011

Q3 2010

Prices closed negative most periods

49

UNIC

Financial Services

27th February, 1990

7.49

0.50

1st Sep,2011

Q3 2011

Prices closed negative most periods

50

UNIONDAC

Healthcare

11th September 2008

3.02

0.50

3rd Sep,2010

Q4 2011

Prices closed negative most periods

51

UNITYKAP

Financial Services

17th December 2009

2.50

0.50

10th Aug,2010

Q3 2011

Prices closed flat most periods

52

UNIVINSURE

Financial Services

11th February 2008

1.94

0.50

10th Aug 2009

Q4 2010

Prices closed flat most periods

53

UTC

Consumer Goods

31st January, 1972

3.93

0.50

13th Sep,2011

Q1 2012

Prices closed negative most periods

54

WAAP

Natural Resources

6th September, 1989

0.50

0.50

Q4 2009

Prices closed flat throughout

55

WEMABANK

Financial Services

13th February, 1991

15.00

0.50

Q3 2011

Prices closed negative most periods

22-Jan-08
4th April,2012

Source: Proshare Research

55 Stocks Trading t N0.50k Today – What Next?

www.proshareng.com

Page 42

DISCLAIMER/ADVICE TO READERS:
While the contents of Proshare Limited’s communications are checked for accuracy, we are not liable for any
incorrect information included. The details of this mail should not be construed as an opinion or an investment
advice by Proshare Limited or/and its employees. We therefore accept no liability for any loss arising from the
use of the information contained therein. All opinions in this mail constitute the staff’s best estimate and
judgment as of this date and are subject to change without notice. Investors should see the content of this
mail as no more than a non-legally binding exchange on the subject of discourse. We recommend that you
make enquiries based on your own circumstances and, if necessary, take professional advice before entering
into this or any transactions. This email and any files transmitted with it are confidential and intended solely for
the use of the individual or entity to which they are addressed. If you have received this email in error please
notify the sender and delete immediately. Any use, dissemination, distribution, or reproduction of this message
by unintended recipients is not authorized and may be unlawful. Proshare Nigeria Limited will accept no liability
whatsoever for any loss, direct, indirect or consequential, arising from information contained or/and actions
resulting there from.

For further enquiries, contact Proshare by e-mail vide analyst@proshareng.com or Call
01-762 4131

Plot 590b, Pat Ojebuoboh Close, Omole Phase II,
Isheri LGA, P.O.Box 18782, Ikeja, Lagos, NG
DL: +234 1 7624131 E-mail: info@proshareng.com
Website: www.proshareng.com
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