HENATES

KENYA: BARCLAY'S BANK KENYA Interim dividend:          Ksh 0.20 per share Reg closure:           7/9/2018 Payment date:      12/10/2018 STANBIC HOLDINGS: Interim dividend:         Ksh 2.25 per share Reg closure:              10/9/2018 Payment date:           28/9 2018 KEN KOBIL: Interim dividend:        Ksh 0.36 per share Reg closure:              24/8/2018 Payment date:          15/10/2018 KAPCHORUA TEA: Dividend:        Ksh 10 per share Reg closure:       21/9/2018 Payment date:  Subject to approval. WILLIANSON TEA: Dividend:          Ksh 20 per share Reg closure:           21/9/2018 Payment date:   Subject to approval  EAST AFRICAN BREWERIES: Dividend:         Ksh 5.50 per share Reg closure:      24/8/2018 Payment date:    30/10/2018 NIGERIA: ZENITH BANK: Interim dividend:          N0.30 per share Qualification:             17/8/2018 Reg closure:               20/8/2018 Payment date:           24/8/2018 GUARANTY TRUST BANK: Interim dividend:      N0.30 per share Qualification.  ...

Market place realities may not be fully in favour of PharmaDeko Plc yet but one thing is obvious from its latest half year figures: It is stretching tired limbs at last. According to the unaudited figures released recently, core revenue from pharmaceutical business is still going through a bad patch and so, it dropped marginally by 1.95% to N684.384m. Then the first good news occurred: Cost associated directly with this revenue dropped faster by 12% to N247.484m leading to 11.2% increase in gross profit to N336.9m. With this as base profit, PharmaDeko built up its profit base further as income from other sources more than doubled to N8.461m leafing to much reduced 1.23% decrease in total income to N692.845m from N701.459m. Then, good icing came in the form of 2.72% decrease in Overhead expenses to N342.803m from N352.372m. Hence, compared to half year loss of N45.8m by June last year, the company reported modest N2.558m profit before tax this time around. Equally comforting was that it...

Between 2002 and April this year, of the 263 companies quoted on the Nigerian Stock Exchange, 93 or 35.4% have been delisted so far. According to data obtained from the Stock Exchange, the list includes 3 delisted so far this year alone, and 5 in 2017. The highest number of delisting occurred in 2011 with 21 listed companies delisted that year followed by 2008, with 19. The 2011 figures were that high because many banks merged, 3 insurance companies were asked out by the National Insurance Commission (NAICOM) while the exchange asked 11 to delist for not regulatory reasons. Only 3 of the 2011 delisted  left voluntarily In 2008, however, the bulk of the delisting was regulatory and only one was voluntary perhaps reflecting the tough time the market and Nigerian finance industry went in 2008. Of the delisted companies since 2002 to date, construction, foods and beverages, footwear and textiles and Insurance dominated. The banks on the list were either helped to exit by the Central Bank o...

At the 3 stock exchanges monitored by Henates on Monday August 13, struggle was still the in thing especially at Nigerian Stock Exchange still looking down. NAIROBI SECURITIES EXCHANGE At the Nairobi stock market Monday August 13, 2018, there were more price drops (23) than price gains (17) with Safaricom amongst the drops but the All share index closed up 0.67 points to 173.51. Last Friday, after 3 days upwards, the ASI had reversed gear strongly to close at 172.84. Thus, the Monday shift was a return to top up. The gainers were led by Jubilee Holdings as it closed up Ksh 5 per share followed by  Crown Paints with Ksh 2.50 per share increase;  Standard Chartered Bank up Ksh 2 per share and Ksh 1 per share gains by I&M Holdings and Bamburi Cement.  All of them have above average market capitalisation and so, help drive the ASI easily especially when they form a cluster of sorts. On the other hand, the price losers were paced by Ksh 2.50 per sha...

The Ghana Stock Exchange was less active in terms of trade in the week ended August 10, 2018 but relatively very active in terms of price making. Traded volume for the week was 1.706m shares, down 35.6% on the previous week's 2.773m but the composite index closed 0.29% up at 2944.38 compared to 2935.77 previously. Leading daily volume was recorded on Friday August 10 ss 825,120 shares changed hands followed by Wednesday's 611,380 shares. Trading was also more spread out amongst listed companies on Friday as 18 witnessed deals led by Ghana Commercial Bank in which 249,600 units changed hands andTotal Ghana with deals for 187,900 units. In the end, however, CAL Bank paced all week volume with 413,700 shares sold followed by Ghana Commercial Bank (280,900 shares); Ecobank Ghana with 262,600 units and Total Ghana with 250,000. As for the composite index, like in the case of Nairobi stock market, it started the week down on Monday then rose daily for 3 d...

Last week was a mixed bag of trends at the Nairobi Securities Market as the All share index closed up by 0.98% while traded volume and value declined by 36.8% and 43.9% respectively. The ASI had started the week on Monday August 6, with a decline and ended it on Friday August 10, the same way but in between, 3 days of consecutive gains was enough to keep it above previous week's level. It close Friday at 172.84, compared to previous Friday's 171.17 mainly because very dominant number of positive price changes including Safaricom's Ksh 0.75 per share, had lifted it by 2.58 points to 173.58 on Wednesday before topping up to 173.95 on Thursday. On Friday there were remarkable positice price changes as well as Stanbic Holdings and East African Breweries rose by Ksh 6 per share each but Safaricom's down swing by Ksh 0.50 per share and previous heavy price drops by British American Tobacco had neutralised them even as price and gains were 17 apiece same Friday. Also, many com...

At the Nigerian Stock exchange last week, the All share index closed at the lowest level in more than a year reflecting 5 days of continuous decline as bears reign supreme through the week. The ASI closed at 35,446.47, down 2.17% on Friday which also amounted to 2.89% drop on previous Friday's 36,499.67. Indeed, it had been quite a long time the ASI touched 35,000 range in this way after rather giddy start to the year that the index hitting above 45,000 mid January. It crossed into 36,000 range in July last year and since then until now only struggled to stay within this range in recent months. The dive was a real plunge on Friday mainly because top capitalised Dangote Cement paced 25 price drops with N14 or 6.14% per share decline to record 28 deals for 0.047m shares worth N10.399m. Other major  Friday pressures on the ASI came from Total Nigeria's N5 or 2.63% per share decline; La Africa's N1.9 or 6.35% per share drop; N1.7 or 10 % per share decrease by GlaxoSmithKline an...