Trading on the Nigerian Exchange Limited has entered the second quarter of the year 2022, with more stocks recording loses YTD than those that have recorded gains. 56 stocks are down from the year’s opening prices while 52 stocks are up, one can say that YTD, the Investor Sentiment has been weak.
The NGX Exchange’s benchmark All-Share Index has not performed badly overall, achieving a 9.17% gain Year -to-Date. The weekly market report for April 8th shows that the NGX ASI now stands at 46,631.46 points.
So far this year, 52 stocks have appreciated in price; 17 gaining less than 10%, 27 have gained between 10 and 50%, 3 have gained between 50 and 100%, while only 4 have risen by more than 100%.
Here are the 4 stocks that have gained more than 100% this year.
#1 Academy Press Plc (NGX: ACADEMY) – 254.00%
The Share price of ACADEMY started the year at N0.50, and has risen significantly to close at N1.77 at the end of trading on Friday. YTD, the price has risen by 254.00%.
- Past 3 months, it is up by 168.18%.
- Year on year, it is up by 331.71%
- Over 2 years, it is up by 470.97%
- Over 3 years, it is up by 436.36%
- Over 5 years, it is up by 254.00%
Source: My Tradebook
Academy Press Plc. was incorporated in Nigeria as a private limited liability company on 28th July, 1964. By a special resolution, it became a public limited liability company on 22nd October, 1991.
It offered its shares to the public in November, 1994 and these shares were listed on the Nigerian Stock Exchange on 15th June, 1995.
The registered address of the company is located at 28-32, Industrial Avenue, Ilupeju Industrial Estate, Ilupeju, Lagos.
The principal activity of the company is the printing of educational and general books, commercial printing of diaries, labels, calendars, periodicals, annual reports, confidential and other printing works.
The company pulled itself out of loses in the third quarter ended 31st December 2021, reporting a 117% increase in profit after tax. From a loss of N179.55mn in the preceding year, it reported a profit of N138.98 million, with an EPS of 23 kobo.
ACADEMY has 604.800,000 outstanding shares and a market capitalization of N1/07 billion. It last paid a dividend on 26/09/2019, when it paid 5 kobo dividend with its share price at N0.35.
#2 RT Briscoe Plc (NGX: RTBRISCOE) – 200.00%
The Share price of RTBRISCOE started the year at N0.20, and has risen significantly to close at N0.60 at the end of trading on Friday. YTD, the price has risen by 200.00%.
- Past 3 months, it is up by 200.00%.
- Year on year, it is up by 200.00%
- Over 2 years, it is up by 200.00%
- Over 3 years, it is up by 87.50%
- Over 5 years, it is up by 20.00%
R.T. Briscoe (Nigeria) PLC (the ‘Company’) is domiciled in Nigeria. The Company was incorporated in Nigeria as a limited liability company on 9 March 1957 and became a public limited liability company in 1973.
The Company’s registered office is at 18, Fatai Atere Way, Matori, Oshodi, Lagos State. This
financial statements comprise the Company and its subsidiaries (collectively ‘the Group’ and individually ‘Group companies’).
The Group is primarily engaged in the sales and servicing of Toyota and Ford motor
vehicles, technical equipment, including forklifts, industrial compressors, mining and drilling equipment and generating sets, facility management, property development and leasing of property.
RT Briscoe also pulled itself out of loss in 2021 financial year, reporting a profit of N96.58 million for the financial year ended 31st December, 2021, with an EPS of 8 kobo. In the preceding year, it reported a loss of N1.09 billion.
RTBRISCOE has 1.17 billion outstanding shares, and a market capitalization of N705.81 million. It has not paid any dividend for the past 7 financial years.
#3 Meyer Plc (NGX: MEYER) – 145.65%
The Share price of MEYER started the year at N0.46, and has risen to close at N1.13 at the end of trading on Friday. YTD, the price has risen by 145.65%.
- Past 3 months, it is up by 105.45%.
- Year on year, it is up by 130.61%
- Over 2 years, it is up by 126.00%
- Over 3 years, it is up by 91.53%
- Over 5 years, it is up by 54.79%
Meyer Plc ( previously called DN Meyer Plc) is a manufacturing Company incorporated in Nigeria on the 20 May 1960.
The name was changed by a special resolution and the authority of the Corporate Affairs Commission on 1st of July 2016.
The Company manufactures and markets paints. The shares of the Company are held as follows: 31.43% by Greenwich Capital Limited,30.93% by Bosworth Investments & Services Limited, 5.42% by Osa Osunde, 5.06% by Kayode Falowo and 27.160% by Nigerian citizens.
Its registered office is at No 32, Billings way, Oregun Industrial Estate, Alausa Ikeja, Lagos.
The company suffered a significant decline in profit in the 2021 financial year ended 31st December 2021, as its profit tax dropped from N1.11 Billion to N33.66 million.
MEYER has 531,237,723 outstanding shares and a market capitalization of N600.29 million. On 25th of August 2021, the company paid an interim dividend of N1.50 per 50 kobo per 50 kobo ordinary share. It is the only dividend the company has paid in the past 7 financial years.
#4 SCOA Nigeria Plc (NGX: SCOA) – 106.73%
The Share price of MEYER started the year at N1.04, and has risen to close at N2.15 at the end of trading on Friday. YTD, the price has risen by 106.73%.
- Past 3 months, it is up by 106.73%.
- Year on year, it is up by -9.66%
- Over 2 years, it is up by -26.62%
- Over 3 years, it is up by -26.62%
- Over 5 years, it is up by 42.97%
SCOA Nigeria Plc was established and commenced business as a private Company in 1926 and incorporated as a limited liability Company in 1969 with a registration number of RC 6293.
The Company was listed on the Nigerian Stock Exchange in 1977 and has since attained the status of a public limited liability Company (Plc) with its shares continue to be traded on the Nigerian Stock Exchange. The Company is domiciled in Nigeria.
The principal activities of SCOA Nigeria Plc include the distribution, maintenance and leasing of motor vehicles, assembling, sales and servicing of power generators, sales and servicing of earth-moving and construction equipment, road construction, industrial compressors, agricultural agricultural tractors, machinery and implements.
Just like the first two companies, SCOA was also able to pull itself out of loses in the 2021 financial year ended 31st December. It reported a profit of N72.39 million for the year, a significant improvement on the N381.50 million loss it reported in the preceding year.
SCOA has 649,825,665 outstanding shares and a market capitalization of N1.39 billion.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur