Union Bank of Nigeria Plc (UBN.ng) 2018 Abridged Report

first_imgUnion Bank of Nigeria Plc (UBN.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2018 abridged results.For more information about Union Bank of Nigeria Plc (UBN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Union Bank of Nigeria Plc (UBN.ng) company page on AfricanFinancials.Document: Union Bank of Nigeria Plc (UBN.ng)  2018 abridged results.Company ProfileUnion Bank of Nigeria Plc is a financial services institution in Nigeria providing banking products and services for individuals, small and medium-sized enterprises and corporations. The company also has business interests in the United Kingdom. The company provides a full-service offering ranging from transactional accounts, savings accounts and fixed deposits to personal and corporate loans, overdrafts and online and mobile banking services. Union Bank of Nigeria Plc also offers credit solutions which includes asset finance, corporate lending, debit capital finance, supplier finance, working capital finance and project finance as well as investment management services and trade finance solutions. The latter includes import and export letters of credit, bonds and guarantees and import and export bills of collection. Union Bank of Nigeria Plc offers treasury solutions, money market instruments, debt market services, cash management services and fixed term deposits. Founded in 2017, the company is a subsidiary of Union Global Partners Limited. Its head office is in Lagos, Nigeria. Union Bank of Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Greif Nigeria Plc (GREIF.ng) Q12018 Interim Report

first_imgGreif Nigeria Plc (GREIF.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2018 interim results for the first quarter.For more information about Greif Nigeria Plc (GREIF.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Greif Nigeria Plc (GREIF.ng) company page on AfricanFinancials.Document: Greif Nigeria Plc (GREIF.ng)  2018 interim results for the first quarter.Company ProfileGreif Nigeria Plc (formerly Van Leer Containers (Nigeria) Plc) manufactures and markets steel drums in Nigeria as well as plastic containers and sheet metal products. The company also offers services for steel punching and aluminium welding. Greif Nigeria Plc is subsidiary of Greif International Holding BV. The company’s head office is in Lagos, Nigeria. Greif Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Bindura Nickel Corporation Limited (BIND.zw) HY2019 Interim Report

first_imgBindura Nickel Corporation Limited (BIND.zw) listed on the Zimbabwe Stock Exchange under the Mining sector has released it’s 2019 interim results for the half year.For more information about Bindura Nickel Corporation Limited (BIND.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Bindura Nickel Corporation Limited (BIND.zw) company page on AfricanFinancials.Document: Bindura Nickel Corporation Limited (BIND.zw)  2019 interim results for the half year.Company ProfileBindura Nickel Corporation is a mining company operating mines and a smelter complex in Bindura, Zimbabwe; engaged in the mining and extraction of nickel, and production of nickel by-products (copper and cobalt). The company’s current projects include a shaft re-deepening project, sub-vertical service winder and main rock winder drives upgrade project, concentrator plant and sub-vertical medium voltage switch room equipment replacement project, and a smelter restart project. Founded in 1966, BNC is a subsidiary of Zimnick Limited and operated and majority-owned by Mwana Africa plc, an African multi-national mining company based in Johannesburg, South Africa. The operating subsidiary of BNC is Trojan Nickel Mine Limited. Bindura Nickel Corporation is listed on the Zimbabwe Stock Exchangelast_img read more

Jaiz Bank Plc (JAIZBANK.ng) Q32020 Interim Report

first_imgJaiz Bank Plc (JAIZBANK.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2020 interim results for the third quarter.For more information about Jaiz Bank Plc (JAIZBANK.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Jaiz Bank Plc (JAIZBANK.ng) company page on AfricanFinancials.Document: Jaiz Bank Plc (JAIZBANK.ng)  2020 interim results for the third quarter.Company ProfileJaiz Bank Plc is a financial services institution providing Islamic non-interest banking services for retail, commercial and corporate sectors. Its full service product offering ranges from transactional accounts and term savings to working capital, real estate, personal, medical, education and project finance. Jaiz Bank provides online banking, leasing, banking cards and bonds and guarantees. The company has a national footprint with 27 branches located in the major towns and cities of Nigeria. Jaiz Bank Plc was founded in 2003. The company’s head office is in Abuja, Nigeria. Jaiz Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

First Mutual Holdings Limited (FMHL.zw) Q12020 Interim Report

first_imgFirst Mutual Holdings Limited (FMHL.zw) listed on the Zimbabwe Stock Exchange under the Insurance sector has released it’s 2020 interim results for the first quarter.For more information about First Mutual Holdings Limited (FMHL.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the First Mutual Holdings Limited (FMHL.zw) company page on AfricanFinancials.Document: First Mutual Holdings Limited (FMHL.zw)  2020 interim results for the first quarter.Company ProfileThe Group has more than a hundred years of serving Zimbabwe by provision of economic dignity though its strategic business units. We have diverse interests in life assurance, health insurance, short term insurance; short term re-insurance; long term re-insurance; wealth management, property sector, funeral services and microfinance housed under the following subsidiaries; First Mutual Life, First Mutual Health, NicozDiamond Insurance, First Mutual Reinsurance, FMRE Property & Casualty (Botswana), First Mutual Wealth Management, First Mutual Properties, First Mutual Funeral Services and First Mutual Microfinance. First Mutual Holdings Limited is listed on the Zimbabwe Stock Exchange.last_img read more

Societe Generale Ghana Limited (SOGEGH.gh) HY2020 Interim Report

first_imgSociete Generale Ghana Limited (SOGEGH.gh) listed on the Ghana Stock Exchange under the Financial sector has released it’s 2020 interim results for the half year.For more information about Societe Generale Ghana Limited (SOGEGH.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Societe Generale Ghana Limited (SOGEGH.gh) company page on AfricanFinancials.Document: Societe Generale Ghana Limited (SOGEGH.gh)  2020 interim results for the half year.Company ProfileSociété Générale Ghana Limited is a financial services institution offering banking products and services to the retail, corporate, investment and treasury sectors in Ghana. Its retail product offering ranges from current and savings accounts to education loans, finance lease facilities and e-banking services. Its corporate product offering ranges from transactional banking to bonds and guarantees, working capital and capital expenditure financing and corporate staff credit conversion services. Société Générale Ghana Limited also offers loans and credit facilities as well as deposits and transaction accounts for small- and medium-sized enterprises. The company was founded in 1975 and was formerly known as SG-SSB Limited until 2013 and its name was changed. Société Générale Ghana Limited is a subsidiary of SG Financial Services Holding. Its head office is in Accra, Ghana. Société Générale Ghana Limited is listed on the Ghana Stock Exchangelast_img read more

Umeme Limited (UMME.ke) 2020 Abridged Report

first_imgUmeme Limited (UMME.ke) listed on the Nairobi Securities Exchange under the Energy sector has released it’s 2020 abridged results.For more information about Umeme Limited reports, abridged reports, interim earnings results and earnings presentations visit the Umeme Limited company page on AfricanFinancials.Indicative Share Trading Liquidity The total indicative share trading liquidity for Umeme Limited (UMME.ke) in the past 12 months, as of 2nd June 2021, is US$278.28K (KES30.29M). An average of US$23.19K (KES2.52M) per month.Umeme Limited Abridged Results DocumentCompany ProfileUmeme Limited is a power utility company managing the distribution of electricity, electricity supply and after-sales service in Uganda and power sharing with Africa sub-regions. Its electricity distribution division manages the operation, maintenance, upgrading and expansion of the distribution network in Uganda. It consists of approximately 26 202 kilometres of medium- and low-voltage transmission lines which covers the major towns and cities of Uganda. The electricity supply and after-sales service divisions connect new customers to the distribution network, read meters, bill customers and collect revenue as well as deal with customer complaints, restoring power interruptions, managing customer care and educating customers on saving energy. Umeme Limited targets customers in the domestic, commercial, medium industrial, large industrial and street lighting sectors. Umeme Limited is listed on the Nairobi Securities Exchangelast_img read more

2 FTSE 250 investment trusts I’d buy and hold for 20 years

first_img The great financial experiment of the last 10 years has seen investors flock to growth and momentum. It’s been the era of the so-called FAANGs and ‘bond proxy’ stocks.The FAANGs are Facebook, Amazon, Apple, Netflix and Google’s parent Alphabet. Bond proxies are blue-chip companies that pay reliable, bond-coupon-like dividends. Think Procter & Gamble and Johnson & Johnson in the US, and Unilever and Diageo in the UK.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…These themes are reflected in the portfolios of London’s current best-performing investment trusts in the global sector: Scottish Mortgage (a 10-year return of 609%) and Lindsell Train (625%).However, as almost all investment literature warns, “past performance may not be indicative of future results”. And I’m concerned this could well be the case with the likes of Scottish Mortgage. This is due to the eye-watering valuations of many of the underlying holdings.UnfashionableValue investing, as formulated by Ben Graham aeons ago, has outperformed growth over long timescales. As such, I believe unfashionable, value-focused investment trusts could deliver superior returns in the coming decades.With this in mind, I’d be happy to buy FTSE 250-listed AVI Global Trust (LSE: AGT) and Caledonia Investments (LSE: CLDN). Their returns over the last 10 years — 130% and 157%, respectively — have been solid rather than spectacular.Discount-to-NAV specialistAVI Global (formerly British Empire Trust) was established in 1889, and has been managed by Asset Value Investors since 1985. This trust seeks out listed companies whose shares stand at compelling discounts to their estimated underlying net asset values (NAVs). It looks for attractive businesses, with honest, intelligent management willing to engage with shareholders, and catalysts to bring the share prices to their true values.It trawls the world for opportunities. For example, it invested in 16 Japanese companies with substantial excess capital, and is engaging with management about releasing it. The trust’s other investments include discounted closed-end investment companies (such as Third Point Offshore), asset-backed groups (such as Sony Corp) and family-backed holding companies (such as Jardine Strategic).AVI Global reckons its portfolio is at a discount of over 30% to underlying NAV. And with the trust itself trading at a discount of around 10%, I see good value on offer for investors today.Long-term value investorCaledonia’s heritage goes back to the shipping empire established by Sir Charles Cayzer in 1878. The trust still enjoys the backing of the Cayzer family today. It says this gives “support to our long-term value investment horizon and provides a foundation to our culture of conservative generational wealth management.”Over a third of Caledonia’s net assets are private capital investments in 11 UK companies with equity values of £25m-£125m. It has significant direct influence over these businesses and their management. They include control systems firm Deep Sea Electronics and bingo clubs chain Buzz Bingo.The trust also invests in quoted companies (such as Microsoft and British American Tobacco) and funds, including quoted and private equity. The funds provide broad exposure to areas of the world where it would prove more difficult for Caledonia to invest directly.Trading at a 17% discount to NAV, I reckon this trust is another terrific pick for long-term value investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by G A Chester I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” G A Chester has no position in any of the shares mentioned. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Alphabet (A shares), Alphabet (C shares), Apple, Facebook, Microsoft, and Unilever. The Motley Fool UK has recommended Diageo and Johnson & Johnson and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. 2 FTSE 250 investment trusts I’d buy and hold for 20 yearscenter_img Our 6 ‘Best Buys Now’ Shares G A Chester | Sunday, 23rd February, 2020 | More on: AGT CLDN Enter Your Email Address Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more

The FTSE 100 is falling! I’d buy cheap dividend stocks today to make a passive income

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The FTSE 100’s recent decline means that the index now offers a dividend yield of around 4.8%. That’s its highest level in around a decade, and suggests that it offers income investing appeal at the present time.Clearly, there is scope for the index to fall further. But with its long-term growth potential being relatively high and many of its members currently offering incredibly attractive yields, now could be the right time to buy large-cap shares to make a generous passive income.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…High yieldsThe FTSE 100’s dividend yield of 4.8% may be relatively high, but it is possible to build a portfolio that offers an even higher passive income each year. In fact, obtaining a 6% portfolio yield from a diverse range of stocks may not be a challenging process since many of the index’s members have higher yields than the FTSE 100.As well as high yields, the FTSE 100 offers the potential to generate impressive dividend growth. Certainly, risks such as coronavirus are set to cause a slowdown in the growth rate of the world economy in the short run. But over the long run, the past performance of the world economy highlights its recovery potential from major economic challenges. As such, many of the FTSE 100’s high-yielding shares may offer impressive dividend growth rates in the coming years.Relative appealWhile the falling FTSE 100 may produce paper losses in the short run, its long-term income prospects appear to be significantly brighter than those of other assets. For example, low interest rates mean that the returns on cash and bonds are barely above inflation in many cases. This may mean that they fail to offer an adequate passive income unless you have an exceptionally large amount of capital.Similarly, rising taxes may mean that the returns on buy-to-let investments are somewhat lacklustre. As such, investing in a diverse range of FTSE 100 shares and generating a net income return of 5% or even 6% through tax-efficient products such as a Stocks and Shares ISA could be a worthwhile move – especially compared to the returns on other mainstream assets.Recovery potentialAlongside its potential to deliver impressive income returns in the coming years, the FTSE 100 offers capital growth prospects. It has always recovered from its downturns to post new record highs and while the coronavirus outbreak is likely to dampen the world economy’s growth rate in the short run, the FTSE 100’s turnaround potential over the long run seems to be high.As such, now could be the right time to buy a range of high-yielding FTSE 100 shares and hold them for the long run. You may not make vast amounts of profit in the coming months, but your portfolio and passive income could be really attractive over the coming years.  center_img The FTSE 100 is falling! I’d buy cheap dividend stocks today to make a passive income Peter Stephens | Saturday, 29th February, 2020 | More on: ^FTSE Simply click below to discover how you can take advantage of this. Image source: Getty Images. Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Peter Stephenslast_img read more

Here are 3 lessons from the 2008 stock market crash to help investors in 2020

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Here are 3 lessons from the 2008 stock market crash to help investors in 2020 Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Simply click below to discover how you can take advantage of this. The year 2008 seems a long time ago and a lot in the world has changed since then (I have less hair for one). But something that hasn’t changed is the volatility on the stock market. It was very high in 2008, and as we stand now, it’s volatile again.At the end of 2008, the FTSE 100 index had fallen 31% during the year, making it the worst performance on record. As of Friday, the FTSE 100 index was down 28% for 2020. There are several other similarities that investors like myself can see in the last large downturn in the markets. And there are lessons that can be learned from it too.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…V-shaped recoveryThis phrase has started to be used over the past week regarding the stock market. In essence, there’s a strong likelihood that when the recovery comes after we hit the bottom, it will be in a V style. The first part of the V is the sharp downward sell-off, followed by the second half of the V, which is the sharp bounce-back.This was what we saw in 2009 when, after the fall in 2008 to end around 4,200 points, the FTSE 100 rallied to finish 2009 at around 5,300 points. If we see such a move again this year or next year, it means investors will be wise not to sell their shares now so they don’t lose out on the bounce-back when it happens.Fear vs greedThese two emotions are the most powerful in investing, and can lead us to make irrational decisions to buy or sell. This was seen during the crash in 2008 when investors panic-sold to such an extent that market limits were triggered. For example, in the US, trading halts for 15 minutes if there’s a fall of 5% or more to enable participants to pause and regroup.This year, we’ve seen the same thing happen, with large moves causing panic-selling. I’m making sure that I don’t follow suit as such emotional reactions will make me a worse investor. The market can be oversold easily and I know I shouldn’t sell when the market is undervaluing a stock I hold and really believe in. Rather, I should hold on to the stock and base my actions on the fundamentals surrounding the firm instead.Buying opportunitiesMy last lesson is arguably the most important. Back in 2008, there were some incredibly good buying opportunities. I remember a good friend of mine at the time buying stock in Lloyds Banking Group when the share price was 29p, which he sold two years later at around 70p!You might have other stories about great buys during 2008, with firms being severely undervalued. Again for 2020, there are some firms that in my opinion offer longer-term investors some great potential returns. My Foolish colleague James McCombie digs into the investment case for one such share (RELX) here.An important disclaimer is that you can never pick the bottom of the market. Some who invested in early 2008 had to endure large unrealised losses before the market bounced back. This may be the same for 2020, and we may have further downside ahead. However, there are many stocks trading at prices today that I think undervalue them. So buying now for the longer term and not being fearful is my strategy.  Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Jonathan Smith | Monday, 16th March, 2020 “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Jonathan Smith holds shares in Lloyds Banking Group. The Motley Fool UK has recommended Lloyds Banking Group and RELX. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Jonathan Smithlast_img read more

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