Thursday, March 29, 2012

Dividend Payments released for some companies on the Ghana Stock Exchange


The time has come again when shareholders look up to their various companies hoping dividends would be paid. Dividend investors are also looking for dividend stocks on the Ghana Stock Exchange whiles other type of investors hope the profits would be plough back for the growth of the companies.  This is the time where preference shareholders get paid first before the ordinary shareholders.

Some companies on the exchange are planning for their Annual General Meetings (AGM) and hoping to pay dividend for the financial year. Let’s take a closer look at what directors of those companies have decided to pay.

Companies
Dividend per share(GH cedis)
Payment Date
Standard Chartered Bank (SCB)
3.05
May 31, 2012
Ecobank Ghana (EBG)
0.24
May 18, 2012
Benso Oil Palm Plantation (BOPP)
0.0690
June 29, 2012
SG-SSB
0.04
April 30, 2012
HFC Bank (HFC)
0.022
May 14, 2012
Trust Bank Limited (The Gambia) (TBL)
20 butus
April 12, 2012
PBC Ltd (PBC)
0.0173
April 30, 2012
SCB-PREF
0.0324
March 30, 2012

For most of these stocks, the qualifying dates for their dividend payment are in March and April 2012. This simply means every potential investor who wants to enjoy the above dividend payments must buy the shares of those companies and be registered in their books before March or April. SCB, EBG and HFC for instance, have their qualifying dates on April 20th, 19th and 18th, 2012 respectively, therefore investors must note these else would have to wait for another financial year to enjoy dividend payments.

AGMs

Ecobank Ghana ltd, HFC Bank Gh ltd and Ayton Drugs Manufacturing Company ltd planned to go for their Annual General meetings on April 27th, 26th and 5th respectively. SG-SSB limited to have theirs on March 30th whiles Benso Oil Palm Plantation Ltd planned for May 3rd, 2012.

Shareholders must do well to attend these meetings in order to get a better knowledge of the company and its plans for the future.
Keep investing, especially in the Ghanaian financial market.

Tuesday, March 27, 2012

1st Quarter Analysis of the Manufacturing sector on the Ghana Stock Exchange


The Manufacturing sector on the Ghana Stock Exchange (GSE) include stocks like that of Unilever Ghana Ltd. (UNIL), PZ Cussons Ghana Ltd. (PZC), Aluworks Limited (ALW) and the Pioneer Kitchen Limited (PKL). PKL is no more listed on the GSE with effect from 26th March 2012 due to a sanction from the exchange for refusing to observe the continuing listing obligation including failure to hold annual general meetings. This move by the GSE reduces the market capitalization and that of the manufacturing sector by about GHS 2 million (about $1.25 million).

This sector on the exchange is dominated by Unilever Ghana Ltd; with a market capitalization of GHS 509.37 million (about $312.50 million), making it the most capitalized in the manufacturing sector.

UNIL
Unilever Ghana Limited (UNIL) manufactures and markets consumer goods throughout Ghana some of which includes toilet soaps, personal products, detergents, and consumable food products.
UNIL: 1st Quarter Chart on GSE: (courtesy; Bloomberg & GSE) 
This year, UNIL began trading at GHS 6.64 (03.01.12) per share on the exchange and saw price hikes to close at GHS 8.15 as at today with a Year-High of GHS 8.15 and a Year-Low of GHS 6.63. An investment made in UNIL exactly one year ago would yield 31.34% profit.  UNIL records a Price/Book value of 8.0428 in the most recent Quarter with Earning per share and Price/Earnings ratio of 0.5081 and 16.0388 (trailing 12 months) respectively.


PZC
PZC 1st Quarter Chart on GSE: (courtesy; Bloomberg & GSE) 
PZ Cussons Ghana Ltd. (PZC) is another company in the manufacturing sector on the GSE. This company is the manufacturer of over-the-counter pharmaceutical preparations, cosmetics and beauty products. PZC began trading on the exchange in 2012 with a share price of 0.24p (03.01.12) and since then, there was no price change. The 1st quarter did not favour PZC in terms of price change although it traded some volumes of share in the quarter. With a market capitalization of GHS 40.32 million, PZC recorded a dividend yield (trailing 12 months) of GHS 1.5694 and as reported by Bloomberg, an enterprise value of GHS 38.54 million.


ALW
ALW: 1st Quarter Chart on GSE: (courtesy; Bloomberg & GSE) 
Aluworks Ghana Limited as the name implies works with aluminum. It is an aluminum rolling mill with produces semi-finished and finished aluminum sheet in coil, circles, flat sheet and corrugated roofing sheets. This company was incorporated on February 24, 1978 and currently has a market capitalization of GHS 6.44 million making it the lowest in the manufacturing sector on the exchange since PKL has been suspended. ALW began the quarter and the year with a 0.13p share price (03.01.12)  and later dropped to 0.12p to 0.9p and now closed at 0.07p per share. With an obvious Year-High of 0.13p and a Year-low of 0.07p/share, ALW has a Price/Book of 0.2355, Earning per share (trailing 12 months) of -0.0977 and an Enterprise value of GHS 28.04 million.

The Manufacturing Sector as a whole did not performed so well despite the driving and dominating strength of UNIL in the sector. Investors should follow closely activities in this particular sector and look for the opportunities. 

Wednesday, March 14, 2012

Benso Oil Palm Plantation (BOPP) in the 1st Quarter of 2012 on Ghana Stock Exchange


6 months performance on GSE - BOPP [Oct - Mar]
Benso Oil Palm Plantation with GSE stock ticker symbol; [BOPP] is an oil palm producing and processing company and was listed on the GSE on August 30, 2004 when it was converted into the public limited liability. The nature of businesses the company is authorized to carry on include: Growing of oil palm and other agricultural products, Processing of oil palm fruits to produce palm oil and palm kernels and Dealing & trading in palm oil, palm kernels and other agricultural products.
BOPP on the Ghana Stock Exchange has recently been the choice for investors as the company continues to show greatness in different forms.


The Key Statistics for BOPP as researched by Bloomberg reveals that, the current P/E ratio [trailing twelve months (ttm)] is 6.0546 and Earning per share (EPS) (ttm) is 0.2808.  BOPP’s current market capitalization is GHS 59.16 million with about 34.80 million shares outstanding. Price per Book (most recent quarter) is valued at 1.9908.
BOPP started the year, 2012 on the Ghana Stock Exchange with a share price of GHS 1.10 (03.01.12) and has since been rising to attain a year high of GHS 1.78 (20.02.12); the highest since 18th October, 2011. An investment made in BOPP exactly a year ago would make an outstanding 121.23% profit to date.

Year to Date change on GSE - BOPP [Jan -Mar. ]
Analysts predict further rise in price of this stock in the year but the greatest fear for most investors is the Election Year fever on the market which has shown its power over stocks in the past years.
We hope to closely follow this stock and see how investors react to it despite the election year’s controlling force in the market. 

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