Top 10 performing stocks

BY PETER EGWUATU

Beta Glass Company Plc in the Packaging /Container sub sector on the Nigerian Stock Exchange, NSE led the top ten gainers chart last week ending Friday 15thMay 2015, rising by 10 per cent to close at N33.00 per share from N30 per share penultimate week. Beta Glass Company Plc has proposed a dividend of 62 kobo per share to its shareholders for the financial year end of 2014 as the closing date for its register has been fixed for 12thJune, 2015.

The company reported revenue of N16.6billion in its full year result of 2014, indicating a growth of 18 per cent from N14.09 billion in the period of 2013. Profit before tax increased by 63 per cent to N3.3 billion from N2.05 billion in 2013. Profit After Tax, PAT increased by 62 per cent from N1.474 billion to N2.391 billion in 2014, Earning Per Share, EPS up by 62 per cent from 295kobo to 478 kobo in 2014.

Seven up Bottling Company Plc trailed behind Beta Glass as it rose by 8.6 per cent to N176.00 from N162.00 it opened trading penultimate week ended March 8, 2015. The Seven-Up Bottling Company Plc is one of the largest independent manufacturer and distributor of the well-known and widely consumed brands of soft drinks in Nigeria. The company’s brands are Pepsi, 7UP, Mirinda, T

Bottled Water

eem and Mountain Dew.

Seven-Up Bottling Company Plc posted impressive numbers in its 2014/15 first half, H1 result with growth recorded in top and bottom lines. Revenue grew Year on Year (YoY) by 12.76 per cent to peg at N38.142billion relative to the previous level of N33.825billion though declined by 18.65 per cent (in line with half year historical experience) when analysed quarter on quarter (QoQ) as half year standalone stood at N17.109billion vs. 2015 Q1: N21.033billion .

Major cost items remain largely modest in line with historical cost structure as the cost to sales and Operating Expenses, OPEX ratios respectively pegged at 62.92 per cent (vs. 2014H1: 62.61 per cent) and 26.48 per cent (vs. 2014H1: 27.07 per cent). Finance charge however surged YoY by 15.01 per cent with debt to equity remaining high at 2.18 times while leverage ratio pegged at 3.18 times. Earnings after tax however grew stronger YoY by 15.04 per cent (N2.480billion vs. N2.156billion in the corresponding quarter).

Trailing behind, Seven Up on the price gainers chart was Forte Oil Plc in the Petroleum Product sub sector on the Nigerian Stock Exchange, NSE. The company appreciated by 6.3 per cent to close last week Friday at N173.23 from N163.01 penultimate week. Forte Oil was among the companies that reported their results for the first quarter (Q1) ended March 31, 2015. The integrated energy solutions provider posted gross profit of N4.1 billion, compared with N4.1 billion in the corresponding period of 2014.

Although the company strived to reduce costs in the areas of sales,, distributions and administration, finance charges rose by 37.5 per cent. This affected the bottom line in first quarter as profit after tax fell from N1.1 billion to N782.3 million. The company’s Profit Before Tax, PBT dropped 33.7 per cent to N842.4 million from N1.2 billion in the corresponding period of 2014. The Earning Per Share, EPS declined by 65.5 per cent to 0.26k from 0.75k in 2014.

Following Forte Oil on the price gainers chart was Unilever Nigeria Plc which increased by 4.7 per cent to close at N45.03 from N43.00 per share. Other companies in the top ten chart include: Conoil Plc which increased by 4.9 per cent or N1.90 per share to close at N39.92 per share from N38.02; Nigerian Breweries rose by 1.09 per cent or N1.68 to close at N155.18 per share from N153.50 per share it closed penultimate week ;

Mobil Oil Nigeria Plc went up by 0.9 per cent or N1.30 per share to close at N151.30 per share from N150.00 it closed penultimate week; Presco Plc gained 3.5 per cent or N1.02 per share to close at N30.00 per share from N28.98 it closed peultimate week; PZ Industries Plc up by 3.6 per cent or N1.00 per share to close at N29.00 last week Friday from N28.00 it closed peultimate week, while Zenith Bank inched up by 96 kobo or 4.5 per cent to close at N22.22 during the week under review from N21.26 it closed penultimate week.

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