Stocks No One Is Patronising

Stocks no one is patronising - 100612
Stocks no one is patronising

June 10, 2012 / The Analyst / Proshare Research
Follow-up to news analysis titled: 55 Stocks Trading at N0.50 Kobo Today: What
Next?
The NSE All-Share Index opened the year 2008 at 58, 579.77 basis point. It recorded 52.06% losses to close the year at 28,085.01 basis points. In the same period of
review, NSE Market CAP lost N3.33 trillion after opening 2008 at N10.28 trillion and
closed at N6.95 trillion. The market witnessed reduced losses in 2009 as it recorded 33.58% losses. The Index opened the year at 31,357.24 basis points and closed at 20,
827.17 basis points while market CAP also lost N1.95 trillion representing -28.14% loss
at the end of the year.
However in 2010, the market bounced back to record +18.87% gains while market
CAP recorded +58.52% gains. It closed 2011 with -17.42% loss while market YTD
performance stands at +6.95% as at 30th May, 2012.
NSE All-Share Index
Year
Open
Close
Basis Points
% Change
2008
58,579.77
28,085.01
30,494.76
-52.06%
2009
31,357.24
20,827.17
10,530.07
-33.58%
2010
20,838.90
24,770.52
2011
25,102.93
20,730.63
YTD
30-Dec-11
2012
30-May-12
20,730.63
3,931.62
18.87%
4,372.30
-17.42%
Basis Points
22,170.96
% Change
1,440.33
6.95%
NSE MARKET CAP (Trillion)

Year
Open
Close
Gain/Loss
2008
10.28
6.95
2009
6.93
4.98
2010
4.99
7.91
2011
8.01
6.53
31-Dec-11
2012
30-May-12
6.53
3.33
-32.39%
1.95
-28.14%
2.92
58.52%
1.48
-18.48%
Gain/Loss
7.07
% Change
0.54
% Change
0.082695253
Source: NSE/Proshare Research
As at the end of 2008 Nigerian Stock Market review, 16 stocks traded at 50k while
2009 YoY Change reflects Tropical Petroleum as the only stocks to have recorded a
positive price movement with +4.76% gain witnessed. Anino International Plc
recorded -4.55% losses as depicted by their 2010 YoY. The 16 stocks eventually closed
flat in subsequent years.
31Dec09
AFRIK
0.50
0.5
0.00%
0.5
ANINO
0.22
0.22
0.00%
0.21
ATLAS
0.13
0.13
0.00%
0.13
COMPA
NY
1
2
3
Stocks Trading at 50k in 2008

YoY
31YoY
31%Cha
Dec%Chang
Decnge
10
e
11
31Dec08
www.proshareng.com
0.00%
YoY
%Chang
e
30May12
YTD
%Cha
nge
0.5
0.00%
0.50
0.00%
-4.55%
0.21
0.00%
0.21
0.00%
0.00%
0.13
0.00%
0.13
0.00%
4
5
6
7
8
9
10
11
12
13
14
15
16
CERAMIC
FIRSTCA
P
0.25
N/A
0.00%
N/A
0.00%
N/A
0.00%
N/A
0.00%
0.45
0.45
0.00%
0.45
0.00%
0.45
0.00%
0.45
0.00%
FLEXIBLE
IAINSUR
E
0.50
N/A
0.00%
N/A
0.00%
N/A
0.00%
N/A
0.00%
0.50
0.5
0.00%
0.5
0.00%
0.5
0.00%
0.5
0.00%
0.13
0.13
0.00%
0.13
0.00%
0.13
0.00%
0.13
0.00%
KRABO
MAUREE
N
NIGSEWI
NG
ONWUTE
K
RAKUNIT
Y
0.27
N/A
0.00%
N/A
0.00%
N/A
0.00%
N/A
0.00%
0.15
N/A
0.00%
N/A
0.00%
N/A
0.00%
N/A
0.00%
0.10
N/A
0.00%
N/A
0.00%
N/A
0.00%
N/A
0.00%
0.31
0.31
0.00%
0.31
0.00%
0.31
0.00%
0.31
0.00%
STOKVIS
0.14
0.14
0.00%
0.14
0.00%
0.14
0.00%
0.14
0.00%
TATE
TROPICP
ET
UDEOFS
ON
0.21
N/A
0.00%
N/A
0.00%
N/A
0.00%
N/A
0.00%
0.42
0.44
4.76%
0.44
0.00%
0.44
0.00%
0.44
0.00%
0.50
N/A
0.00%
N/A
0.00%
N/A
0.00%
N/A
0.00%
Twenty-four (24) stocks traded at 50Kobo as at the end of 2009 with three stocks
recording negative price movement after 2010 YoY change while Goldlink Insurance
and Transcorp Plc are the only two stocks to record price movement in subsequent
years and traded above its nominal value.
COMPA
NY
17/7/20
09
31-Dec10
YoY
%Change
31-Dec11
YoY
%Change
30-May12
YTD
%Change
AFRIK
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
0.5
N/A
0.00%
N/A
0.00%
N/A
0.00%
0.95
0.5
-47.37%
0.61
22.00%
0.62
1.64%
EQUITYA
SUR
FLEXIBL
E
GOLDIN
SURE
IAINSUR
E
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
KRABO
0.13
0.13
0.00%
0.13
0.00%
0.13
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
0.15
N/A
0.00%
N/A
0.00%
N/A
0.00%
0.31
0.31
0.00%
0.31
0.00%
0.31
0.00%
10
LINKASS
URE
NIGSEW
ING
RAKUNIT
Y
REGALIN
S
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
11
STOKVIS
0.14
0.14
0.00%
0.14
0.00%
0.14
0.00%
12
TRANSC
ORP
TROPICP
ET
UDEOFS
ON
0.5
0.5
0.00%
0.55
10.00%
0.94
70.91%
0.44
0.44
0.00%
0.44
0.00%
0.44
0.00%
0.5
N/A
0.00%
N/A
0.00%
N/A
0.00%
UTB
0.48
N/A
0.00%
N/A
0.00%
N/A
0.00%
WAAP
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
MTI
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
DUNLOP
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
3
4
8
9
13
14
15
16
17
18
www.proshareng.com
19
20
21
FIRSTAL
UM
GUINEAI
NS
HMARKI
NS
22
OMATEK
23
SOVRENI
NS
MULTIVE
RSE
24
0.73
0.5
-31.51%
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
0.54
0.5
-7.41%
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.00%
Year 2010 has a record of forty-five (45) firms that traded at 50k. Goldlink
Insurance Plc and Transcorp Plc which featured in the 2009 review also continued
with similar outlook. No stock recorded negative price movement as they all closed flat.
Also, Wapic Insurance Plc closed above its nominal value at 0.61 Kobo gaining
4.00%.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
COMPANY
DUNLOP
29-Dec10
COURTVILLE
OMATEK
TRANSCORP
MULTIVERSE
BIGTREAT
UNIONDAC
CHAMS
MTI
AFRINSURE
CORNERST
EQUITYASUR
GOLDINSURE
GNI
GUINEAINS
HMARKINS
WAPIC
INTENEGINS
IAINSURE
LASACO
LINKASSURE
MBENEFIT
OASISINS
REGALINS
SOVRENINS
STACO
STDINSURE
UNIC
www.proshareng.com

31-DecYoY
30-May11
%Change
12
YTD
%Change
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.5
0.55
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.61
0.62
1.64%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.52
4.00%
0.52
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
10.00%
22.00%
0.5
0.94
0.00%
70.91%
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
UNIVINSURE
NIGSEWING
STOKVIS
DAARCOMM
ASOSAVINGS
FIRSTCAP
ROYALEX
AFRIK
CAPOIL
FLEXIBLE
KRABO
RAKUNITY
TROPICPET
UDEOFSON
WAAP
UNITYKAP
RESORTSAL
0.5
0.5
0.00%
0.5
0.00%
0.15
NA
0.00%
N/A
0.00%
0.14
0.14
0.00%
0.14
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.45
0.45
0.00%
0.45
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
N/A
0.00%
N/A
0.00%
0.13
0.13
0.00%
0.13
0.00%
0.31
0.31
0.00%
0.31
0.00%
0.44
0.44
0.00%
0.44
0.00%
0.5
N/A
0.00%
N/A
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
0.5
0.5
0.00%
0.5
0.00%
The number of stocks that traded at 50k increased from forty-five (45) in 2010 to
fifty-two (52) in 2011 and all the fifty-two (52) stocks closed unchanged as no price
movement was recorded within the period of review.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

30-Dec30-MayYTD
COMPANY
11
12
%Change
ABCTRANS
0.5
0.5
0.00%
AFRIK
0.5
0.5
0.00%
AFRINSURE
0.5
0.5
0.00%
AFROMEDIA
0.5
0.5
0.00%
AIICO
0.5
0.5
0.00%
ASOSAVINGS
0.5
0.5
0.00%
BECOPETRO
0.5
0.5
0.00%
BIGTREAT
0.5
0.5
0.00%
CAPOIL
0.5
0.5
0.00%
CHAMS
0.5
0.5
0.00%
CORNERST
0.00%
0.5
0.5
COURTVILLE
0.5
0.5
0.00%
CRUSADER
0.5
0.5
0.00%
DAARCOMM
0.5
0.5
0.00%
DUNLOP
0.00%
0.5
0.5
EQUITYASUR
0.5
0.5
0.00%
FIRSTALUM
0.5
0.5
0.00%
FTNCOCOA
0.5
0.5
0.00%
GNI
0.00%
0.5
0.5
GUINEAINS
0.5
0.5
0.00%
www.proshareng.com
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
HMARKINS
IAINSURE
INTENEGINS
LASACO
LAWUNION
LINKASSURE
MBENEFIT
MTI
MULTIVERSE
NIGERINS
NIGSEWING
NIWICABLE
OASISINS
OMATEK
RAKUNITY
REGALINS
RESORTSAL
ROYALEX
SOVRENINS
STACO
STARCOMMS
STDINSURE
STOKVIS
TANTALIZER
UDEOFSON
UNHOMES
UNIC
UNIONDAC
UNITYKAP
UNIVINSURE
UTC
WAAP
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.15
0.15
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.31
0.31
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.14
0.14
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
0.5
0.5
0.00%
A cursory look into quoted companies listed on the Nigerian bourse between 2008 and
2011 will indicate that 301 firms were on the Exchange in 2008, 21 firms were listed in
the year while 29 firms were delisted. This number reduced to 266 with 14 new
companies listed while 64 firms delisted in 2009. By 2010 the number was further
reduced to 264 with the three (3) firms coming in as newly listed firms while a firm was
delisted. The 2011 data shows 199 quoted are on the bourse with 20 companies delisted
while one firm was listed on the bourse in the year 2011.
NSE Listing & De-Listings
Year
No of Quoted Firms
Listings
De-Listings
2008
301
21
29
2009
266
14
64
www.proshareng.com
No. Of Stocks
Trading at
50Kobo
16
24
2010
264
2011
199
20
45
52
Signs of Hope? List of Recovered Stocks
Company
TROPICPET
2008
0.42
Company
TRANSCORP
2009
0.5
Company
TRANSCORP
GOLDINSURE
2010
0.5
0.5
%
2012 Change
0.44
4.76%
%
2012 Change
0.94
88.00%
%
2012 Change
0.94
88.00%
0.62
24.00%
Click HERE to read up on the Individual Analysis of the 55 Penny Stocks as at

May 25, 2012
Disclaimer/Advice to Readers:
While the website is checked for accuracy, we are not liable for any incorrect information included. The details of this
publication should not be construed as an investment advice by the author/analyst or the publishers/Proshare.
Proshare Limited, its employees and analysts accept no liability for any loss arising from the use of this information. All
opinions on this page/site constitute the authors best estimate judgement as of this date and are subject to change
without notice. Investors should see the content of this page as one of the factors to consider in making their
investment decision. We recommend that you make enquiries based on your own circumstances and, if necessary,
take professional advice before entering into transactions. Further enquiries should be directed to the authors
[email protected] .
Tags: Penny Stocks, Nigeria Stock Exchange, Latest Financial Returns, Dividends,
Capital Appreciation,
Capital Gains,
Profit and Loss,
Price Performance,
Fund
Managers, Non-performing Stocks, Buy Low Sell High, Proshare Research, Recovered
stocks, Next steps
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Stocks no one is patronising - 100612

NSE MARKET CAP (Trillion)

Source: NSE/Proshare Research

Stocks Trading at 50k in 2008