optionxpress

[optionxpress]

Airtel Africa: Resilience amid challenges, but is it enough? 

Airtel Africa, the second-most valuable company on the Nigerian Exchange (NGX), commands a dominant market capitalization of N8.11 trillion, accounting for 13.2% of the entire equity market. Despite its size and market share, the stock’s performance has been underwhelming. With a 14% year-to-date gain in 2024, following a modest 15.41% rise in 2023, the question arises: Is Airtel Africa still a…

[optionxpress]

Top 5 Penny stocks in Nigeria this Christmas: Big gains for investors

Penny stocks have continued to show resilience and growth in 2024. As of the close of trading on Friday, December 13, 2024, 23 of these low-cost shares, often valued below N5.00, recorded year-to-date (YTD) gains above Nigeria’s November 2024 inflation rate. The top ten standout performers include Tantalizers Plc, RT Briscoe, Veritas Assurance, Cornerstone Insurance, Guinea Insurance, Sovereign…

[optionxpress]

Airtel Africa: Resilience amid challenges, but is it enough? 

Airtel Africa, the second-most valuable company on the Nigerian Exchange (NGX), commands a dominant market capitalization of N8.11 trillion, accounting for 13.2% of the entire equity market. Despite its size and market share, the stock’s performance has been underwhelming. With a 14% year-to-date gain in 2024, following a modest 15.41% rise in 2023, the question arises: Is Airtel Africa still a…

[optionxpress]

Oando sees light in the tunnel despite sabotage and theft 

Oando PLC’s Q3 2024 results reveal a company balancing on the edge of challenges and opportunities. While grappling with a 5% production decline caused by sabotage and theft-related shut-ins, the company posted an impressive 36% growth in revenue to N3.2 trillion, signaling the effectiveness of its recent restructuring efforts and strategic pivots. These numbers highlight a dual narrative for…

[optionxpress]

Analysis: Why Oando Plc’s nine-month 2024 pre-tax profit plunges by 77% 

Oando Plc’s nine-month 2024 financial results show a sharp decline in profitability, with pre-tax profit plummeting by 77% year-on-year to N31.1 billion.   This figure represents only 29% of the company’s 2023 full-year pre-tax profit, signaling a significant setback after its recovery in 2023. In that year, Oando recorded a pre-tax profit of N104.1 billion, reversing a pre-tax loss of N61.8…

[optionxpress]

Bitcoin hits record high amid regulatory optimism and Nasdaq inclusion of MicroStrategy

Bitcoin surged to a historic high, fueled by optimism over President-elect Donald Trump’s pro-digital asset stance and news of MicroStrategy Inc.’s impending inclusion in the Nasdaq 100 Index. The largest cryptocurrency climbed over 3% in early Monday trading in Asia, touching an unprecedented $106,493 and surpassing its previous peak from December 5. The rally has buoyed sentiment across the…

[optionxpress]

Dangote Cement's 2024 performance: Compelling investment potential despite rising costs|Idika Aja

Since its listing on the NGX on October 26, 2010, Dangote Cement has consistently delivered robust returns to shareholders. The share price has appreciated from N122.73 to N478.80, marking an impressive growth of over 290%.. In 2023, Dangote Cement’s share price gained 22% YTD, closing at N219.90 per share. By the end of Q1 2024, the share price had surged to N686.70, recording a YTD gain of…

[optionxpress]

FBN Holdings Plc Rights Issue: The Takeaways 

FBN Holdings Plc (FBNH), one of Nigeria’s leading financial institutions, has launched a rights issue of 5,982,548,799 ordinary shares at N25.00 per share. This Rights Issue, aimed at raising N149.56 billion, is a strategic step to ensure compliance with the Central Bank of Nigeria’s (CBN) capital requirement. Beyond regulatory compliance, the proceeds are expected to bolster liquidity, enhance…

[optionxpress]

Dangote Sugar’s debt, FX, and losses: What is the way out? 

The company’s financial performance has been equally turbulent. Significant pre-tax losses in 2023 and 2024, driven by foreign exchange losses, high-interest expenses, and surging costs of imported raw materials, have left Dangote Sugar in a precarious position. In 2023, the company recorded a pre-tax loss of N108.922 billion, up 232% year-on-year. The situation worsened in the first nine months…

[optionxpress]

FMCGs record 133% increase in finance cost in 2024  

The finance costs of major FMCG companies in Nigeria surged by 133.3% year-on-year, reaching N1.074 trillion in the first nine months of 2024 compared to N460.22 billion in 2023. The companies, including Champion Breweries, International Breweries, Nigerian Breweries, BUA Foods, Dangote Sugar, NASCON, Unilever, Cadbury, and Nestle, faced mounting pressures from increased foreign exchange losses,…

[optionxpress]

Investors rake in N1 trillion from FUGAZ investments in 2024 

The FUGAZ banks; First Bank, UBA, Guaranty Trust Holding Company (GTCO), Access Bank, and Zenith Bank have continued to create wealth and add value to investors. The FUGAZ banks’ combined market capitalization increased by N981.394 billion, a 20% YtD growth, reaching N5.932 trillion by December 6, 2024. This growth not only enriched shareholders through capital gains but also boosted confidence…

[optionxpress]

Aradel: From NASD dominance to NGX triumph

Aradel Holdings Plc, formerly Niger Delta Exploration & Production Company (NDEP), has undergone a remarkable transformation, evolving from a dominant OTC player to a key contender on the Nigerian Exchange (NGX). The company debuted on the NGX on October 14, 2024, at N702.69 per share, bringing its market capitalization to N3.05 trillion. The stock initially surged but fell by 33.83% YtD closing…