Top stocks to watch this week More firms released their financial reports for 2021 last week, a majority of them large-cap stocks from sectors as varied as energy, consumer goods, banking and industrial goods.
Much as quite a number posted spectacular earnings, two of the five big banks reported passably impressive earnings, while GTCO’s was underwhelming, with the lender’s declaration of a profit drop.
Yet, some companies not only recorded remarkable improvements across key performance parameters but also disclosed plans to pay higher dividends for last year.
PREMIUM TIMES has assembled a number of stocks with fundamentals and other potential, adopting key analytical approaches to save you the hassle of randomly picking equities for investment.
The selection, a product of analytical market watch, offers a guide to entering the market and taking strategic positions in hopes that equities will gain value with the passage of time, particularly in the short term.
This is not a buy, sell or hold recommendation but a stock investment guide. You may have to involve your financial advisor before taking investment decisions. SEPLAT ENERGY
Seplat Energy tops this week’s pick on the back of its proposed final dividend of $0.025 per share for the 2021 financial year, bringing its total dividend for the year to $1 per unit. The declaration came in the wake of the oil driller’s disclosure of a 253 per cent jump in net profit to N46.9 billion for the year.
Seplat’s price-to-earnings (PE) ratio as of Friday was 6.14x, with earnings per share (EPS) £0.18. DANGOTE CEMENT
Dangote Cement makes the selection for planning a dividend per share of N20 for stockholders for full year 2021, compared to the N16 the company paid for the preceding year.
For the review period, the cement-maker reported a 40 per cent rise in revenue to N1.4 trillion and a leap in after-tax profit of 32 per cent to N364.4 billion. UNITED BANK FOR AFRICA (UBA)
UBA features on the list for announcing a final dividend per share of N0.80 for the 2021 financial year, translating to a total dividend per share of N1. That compares with a total dividend per share of N0.52 for the year before.The lender’s PE ratio as of Friday was 2.07x, while its EPS is N3.98 . LAFARGE AFRICA Lafarge Africa features in the selection by virtue of its proposal to pay stockholder a final dividend of N1 per share for 2021 , bringing its total […]