Abodee Investment Variety

Abodee Investment Variety We are Professional Financial Advisors.

29/12/2022

*CORPORATE ACTION*

*Vitafoam reports N4.52bn as profit in 12 months, declares N1.52 dividend to shareholders*

*December 29, 2022*

Vitafoam Nigeria Plc on Thursday published its Audited Financial Statement for the year ended 30 September 2022.

The Group reported a turnover of N46.3 billion for the 12 months period, up by 30.80% from N35.4 billion reported the previous year.

Profit after tax of N4.522 billion was reported for the year, down by 1.63% from N4.597 billion reported the previous year.

Earnings per share of Vitafoam stands at N3.62, down by 1.63% from the EPS of N3.68 achieved the previous year.

At the share price of N21.95, the P/E ratio of Vitafoam Nigeria Plc stands at 6.07x with earnings yield of 16.47%.

The Board recommended a dividend of N1,901,283,053 representing *N1.52 per share to shareholders* for declaration at the next Annual General Meeting. The dividend recommended, when approved, is subject to withholding tax at the appropriate rate.

29/12/2022

*MARKET UPDATE*

*Market sustains bullish trend, grows further by 0.73%*

*December 29, 2022*

The Bull sustained dominance on the floor of the Nigerian stock market on Thursday as the All Share Index (ASI) grew further by 0.73% to settle at 50,300.00 points from the previous close of 49,934.60 points on Wednesday.

Market capitalization advanced by 0.73% to close at N27.397 trillion from the previous close of N27.198 trillion, gaining N199 billion.

An aggregate of 490.5 million units of shares were traded in 4,480 deals, valued at N7.7 billion.

*Market Breadth*

The market breadth closed positive as 37 equities appreciated in their share prices against 9 equities that declined in their share prices.

*Percentage Gainers*

NESTLE and GEREGU led other gainers with 10.00% growth each to close at N1100.00 and N139.70 from Wednesday’s close of N1000 and N127.00 respectively.

MCNICHOLS, CWG and Royal Exchange among other gainers also grew their share prices by 9.62%, 9.52% and 9.35% respectively.

*Percentage Losers*

Livestock feeds led price decliners’ chart as it shed 8.40% of its share price to close at N1.09 from the previous close of N1.19.

FBNH, VITAFOAM and UNILEVER among other price decliners also shed their share prices by 6.36%, 5.92% and 2.54% respectively.

*Volume Drivers*

FBNH traded about 78.9 million units of its shares in 99 deals, valued at N891.7 million.

GTCO traded about 38.5 million units of its shares in 525 deals, valued at N922.6 million.

Zenith Bank traded about 19.6 million units of its shares in 395 deals, valued at N486.6 million.

02/05/2019

For the Salary Earners .....this week is your salary paying week. As you collect your salary, I want you to ponder on *Robert Mugabe's* WISE QUOTES ...
_"When your salary comes in time, you eat chicken. As the salary reduces you eat products of Chicken (Eggs) and subsequently you begin to eat chicken's food, (maize and millet), and finally, when salary is finished, you become chicken itself, spending your time walking around just looking for what to eat"!_
Salary alone cannot solve all your problems. Choose plan B now.
A wise investment will provide opportunities for one to always eat Chicken whenever he or she pleases!
*Think INVESTMENT...*_cos you won't be young forever!_
*Think Insurance...* _cos you won't be strong forever!_
*Think ENTREPRENEURSHIP....*_cos you won't be employed forever!_
Happy Workers Holiday...

01/03/2019

By next week Monday, You invest in Federal Government Savings Bond. Interested member can send his email address to [email protected].
Thanks

Address

Beside Union Bank, Total Gardens/Secretariat Road
Ibadan
200214

Telephone

+2348099202199

Website

Alerts

Be the first to know and let us send you an email when Abodee Investment Variety posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category