Category: Services

FMDQ Exchange lists Flour Mills, NMRC bonds worth N39.9 billion.

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FMDQ Exchange has announced the successful listing of Nigerian Mortgage Refinance Company Plc and Flour Mills of Nigeria Plc bonds worth N39.9 billion in total.

According to series of verified disclosures from the FMDQ Exchange, the breakdown of the listing showed that;

  • FMDQ Exchange successfully listed the Nigerian Mortgage Refinance Company Plc’s N 10 billion Series 3 Fixed Rate Bond on its platform, as part of its N440 billion Bond Issuance Programme.
  • Flour Mills of Nigeria Plc also listed its N4.89 billion Series 4 (Tranche A) and N25 billion Series 4 (Tranche B) Fixed Rate Bonds on the FMDQ platform, as part of its N70 billion Bond Issuance Programme.

The recent disclosure is sequel to a host of other listings earlier announced by FMDQ Exchange since this year. It provides the opportunity for the aforementioned firms to raise funds from the debt capital markets in a bid to plug in capital shortfalls and meet other statutory needs.

On the other hand, FMDQ Exchange has revealed that its Debt Market Size as at 19th of May, 2021 stands at N23.7 trillion.

C & I Leasing Plc proposes final dividend worth N39.1 million for shareholders.

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The Board of C & I Leasing Plc has proposed a final dividend of N39.1 million to its shareholders for the period ended 31st of December, 2020.

This is according to a notification published on the website of the Nigerian Exchange Group Plc (NGX), stating that a dividend of 5 kobo per share will be paid on all the issued 781,646,167 ordinary shares of the company.

The proposed final dividends will be paid electronically to qualified shareholders on or before 30th of June, 2021. Qualified shareholders are those, whose names appear on the Register of Members as at close of business on 11th of June, 2021. Other qualifying conditions are;

  • Shareholders must have completed the e-dividend registration.
  • In addition, shareholders must have mandated the Registrar (Centurion Registrars Limited) to pay their dividend directly into their bank accounts.

What you should know:

  • C & I Leasing Plc earlier released its Q1 2021 results showing a profit after tax of N77.7 million.
  • In a bid to consider the proposed final dividend, an Annual General Meeting (AGM) will be held by the company on the 29th of June, 2021 by 11:00am

FMDQ admits Stanbic, MTN, Nigerian Breweries, Coronation Merchant Bank and 4 other CPs.

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FMDQ Securities Exchange has announced the approval for the quotation of Stanbic IBTC, MTN, Nigeria Breweries Plc and 5 other Commercial Papers.

According to series of verified disclosures from the FMDQ  Exchange, the comprehensive list of Commercial Papers recently approved for quotation on its platform are;

  • Mixta Real Estate N1.09 billion Series 34 CP under its N20 billion CP programme.
  • Stanbic IBTC Bank $8.31 million Series 2 CP under its N100 billion Multi-Currency CP Issuance Programme.
  • Nigerian Breweries N1.05 billion Series 12, N0.94 billion Series 13 and N2.67 billion Series 14 CPs under its N100 billion CP Issuance Programme.
  • Parthian Partners Limited N10 billion Series 1 (Tranche A), N5.26 billion Series 1 (Tranche B) and N4.74billion Series 2 CPs under its N20 billion CP Issuance Programme.
  • TrustBanc Holdings Limited N10 billion Commercial Paper
  • Eunisell Limited N10 billion Commercial Paper
  • Coronation Merchant Bank Limited N0.71 billion Series 13, N14.13 billion Series 14, N1.41 billion Series 15 and N20.19 billion Series 16 CPs under its N100 billion CP Programme.
  • MTN Nigeria Communications Plc N19.77 billion Series 3 and N53.74 billion Series 4 CPs under its N200 billion CP Issuance Programme.

It is pertinent to note that the admission will afford the aforementioned firms the opportunity to not only raise short term capital to support their business operations, but to also enjoy value-added benefits like visibility, transparency and liquidity that comes with being quoted on the FMDQ Exchange.

FMDQ approves quotation of MTN’s Commercial Paper worth N73.5 billion.

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FMDQ OTC Securities Exchange has approved the quotation of MTN Nigeria series III and series IV Commercial paper worth a combined total of N73.51 billion.

This is according to a notification by the Securities Exchange which reads: ‘’FMDQ Exchange is pleased to announce the approval for the quotation of the MTN Nigeria Communications PLC ₦19.77bn Series 3 and ₦53.74bn Series 4 CPs under its ₦200.00bn CP Issuance Programme on its platform.’’

According to the notice, the recent disclosure is part of a N200 billion CP Issuance programme earlier announced by the firm. Recall that the telecommunications giants had disclosed that it got an approval from FMDQ to raise its initial CP offering from N100 billion to N200 billion, sequel to the success recorded in its N100 billion inaugural Series I and Series II CP Issuances in June 2020, which have been redeemed.

The proceeds from the CP will be used to meet working capital requirements and for general corporate purposes.

What you should know:

  • The series III and series IV CP cleared at a discount rate of 6.7652% and 7.5546% respectively.
  • The book build for the series III and series IV CP Issuances commenced on 11th of March, 2021 and closed on 19th of March, 2021.

Caverton Offshore Support Group reports profit after tax of N520 million in Q1 2021.

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Caverton Offshore Support Group Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N8.2 billion. (+3.8% YoY)
  • Operating profit for the period was N2.04 billion. (+124.2% YoY)
  • EBITDA for the period was N2.5 billion. (+78.6% YoY)
  • Profit before tax was N728 million. (+25.9% YoY)
  • Earnings per share of 16 kobo Vs 13 kobo YoY.
  • Net profit margin of 6% Vs 5% YoY.

See link to results.

Courteville Business Solutions Plc proposes final dividend of 3 kobo per share for FY 2020.

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The Board of Directors of Courteville Business Solutions Plc has proposed a final dividend of 3 kobo for every share of 50 kobo held by shareholders for the year ended 2020.

This is according to a disclosure made available on the website of the Nigerian Stock Exchange (NSE), as seen by Nairametrics.

According to the notice, the proposed dividend will be paid electronically to qualified unit holders on the 20th of May, 2021. Qualified shareholders are those, whose names appear in the Register of member as at the close of business on 6th of May, 2021. Other qualifying conditions are;

  • Shareholders must have completed the e-dividend registration.
  • Unit holders must have mandated the Registrar (Crescent Registrars Limited) to pay their dividends directly into their bank accounts.

Consequently the firm’s Register will be closed from 6th to 21st of May, 2021. The firm will hold its Annual General Meeting on 20th of May, 2021 to consider and approve the proposed dividend.

What you should know:

  • Courteville Business Solutions Plc is a Nigeria-based firm specialized in offering e-business solutions and advisory services. Some of its line of service include; AutoReg MVAD, e-commerce, education, e-Government and Webpeople.
  • The firm had earlier posted a profit after tax of N153.6 million in FY 2020.

 

For more information about the disclosure, click HERE

2020 FY Results: UPDC Real Estate Investment Trust records over 500% growth in Profit after tax.

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UPDC Real Estate Investment Trust released its audited full-year results for the period ended 31st of December, 2020.

  • Total revenue for the period was N2.42 billion. (+2,279% YoY)
  • Rental Income was N1.5 7 billion. (-7.1% YoY)
  • Operating expenses totalled N480.5 million. (-11.5% YoY)
  • Profit after tax was N1.93 billion. (+530.1% YoY)
  • Earnings per unit of 72 kobo. (+523.5% YoY)

See link to results.

2021 Q1 Results: eTranzact International Plc profit surges by 113% YoY.

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eTranzact International Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N5.18 billion. (-12.1% YoY)
  • Cost of sales for the period was N4.7 billion. (-16% YoY)
  • Administrative expenses of N447.9 million. (-8.83% YoY)
  • Operating loss of N8.31million was made.
  • Profit for the period was N23.9 million. (+113.1% YoY)

See link to results.

ABC Transport reports a loss of N73.1 million in Q1 2021.

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ABC Transport Plc released its unaudited results for the first quarter of the year (Q1, 2021).
• Revenue for the period was N1.35 billion. (-40.2% YoY)
• Cost of sales was N1.08 billion. (-44.6% YoY)
• Administrative expenses totalled N315.7 million. (-5.9% YoY)
• Loss from continuing operations was N73.08 million.
• Loss per share of -4 kobo Vs -8 kobo YoY

See link to results.