Leventis, University Press, Vitafoam are Looking Good
- By Business World
- Published March 15th, 2010
- Back Page
- Unrated
Ag Leventis
This company is an international conglomerate with interests in real estate, industrial machinery, sales and servicing of cars, trucks, construction and agric equipment. It is also in the manufacture of confectionaries.
Over the past five years, shareholders of this company have consistently been rewarded with an annual average of 50 percent of the company’s earnings as dividend.
The company has been increasing its earnings on a yearly basis. Being in a strategically important position in the economy, it has consistently been upgrading its products and expanding its business to meet the growing demand by the public. These have all positively reflected on the profit line of the company and caused it to be growing on a yearly average of 19 percent.
For example in 2009, the financial records show an EPS of 12 kobo in first quarter to 25kobo in the second quarter. This represents a growth of more than 100percent. Third quarter was also improved to 35kobo. Analysts are very optimistic that the fourth quarter whose release is being awaited will hit 50kobo. The highest dividend that has been paid in the last five years is 12kobo. Analysts believe that if the EPS peaks at 50kobo a dividend of between 12-15kobo might just be around the corner.
Leventis last gave a bonus of our new share for every five previously held (1:5) in 2007 bringing its share capital to 2.65billion units. But this has in no way diluted its earnings strength.
For the anticipated dividend, income investors should play short or medium term by buying now.
University Press
This company is one of the foremost publishing firms in the country and has been improving the standard and quality of printing since its inception. However, it has not been consistent in releasing its quarterly results as and when due to the investing public. The quarterly and yearly earnings have sometimes been up and sometimes down. However, it has constantly been giving dividend to its shareholders.
In the yet-to-be released results of this company, the second quarter result, EPS, stood at a positive 38kobo from a negative 12 kobo. This, the management attributed to a re-engineered, re-organized and re-positioned university press. In 2009, the EPS peaked at 81kobo in the fourth quarter out of which analysts are expecting a dividend.
Analysts speculate that this could be as high as 20-30 kobo. Another attractive factor of this stock is the small share capital that it has - 374 million units. It is trading as at press time at N4.49. Therefore the price-to-earnings ratio is 12times. With the above profile, the stock is a good buy.
Vitafoam Plc
This company has been regular in releasing its report to the investing public and has been regularly growing its profits and dividends to its shareholders in the last five years. Recently the price of the stock was adjusted for a 25kobo dividend to its shareholders and the first quarter of 2010, it has already reached 12kobo.
The price of the equity is rallying upward. With its line of interest being in the provision of comfortable cushion and foam mattresses, it has been growing with the population.
It has therefore embarked on an aggressive expansion and improvement programme. This has positively impacted on its score sheet. As long as the population is growing, so will be the demand for good, affordable mattresses being produced by Vitafoam.
Adswitch Plc
Yet another company which released its second quarter results with a profit is Adswitch Plc. It too, posted an impressive result considering the fact that it is in the second tier category of the stock market. Its products too are in high demand - electrical fittings and switches and cables.
In spite of being in the second tier equity market, it has constantly and promptly been releasing its results for the investing public to scrutinize its performance. This habit speaks volumes of the confidence of the management. In spite of the harsh manufacturing environment, the company has consistently been rewarding its shareholders with dividend payments.
Its second quarter earnings shows a great performance for a second tier company. Turnover grew by a very comfortable 353 per cent from a lowly N22.21million in October 2008 to N1000.52 million in October 2009.
Equally impressive was its profit after tax which grew by a handsome 607 per cent from N1.5million in October 2008 to N7.61 million in October 2009. The earnings per share equally improved from 13kobo in October 2008 to 15kobo in October 2009 representing an increase of 15 per cent.
Analysts are forecasting that its EPS will hit between 32 kobo and 35kobo of which about 50 per cent of it might be given to shareholders as dividend. For an equity selling below N2.50, this is impressive.
It is a very good buy for any bargain hunter, with its strength improving by the quarter, It’ll not be out of place if this stock is bought for the short term, medium or long term.
This company is an international conglomerate with interests in real estate, industrial machinery, sales and servicing of cars, trucks, construction and agric equipment. It is also in the manufacture of confectionaries.
Over the past five years, shareholders of this company have consistently been rewarded with an annual average of 50 percent of the company’s earnings as dividend.
The company has been increasing its earnings on a yearly basis. Being in a strategically important position in the economy, it has consistently been upgrading its products and expanding its business to meet the growing demand by the public. These have all positively reflected on the profit line of the company and caused it to be growing on a yearly average of 19 percent.
For example in 2009, the financial records show an EPS of 12 kobo in first quarter to 25kobo in the second quarter. This represents a growth of more than 100percent. Third quarter was also improved to 35kobo. Analysts are very optimistic that the fourth quarter whose release is being awaited will hit 50kobo. The highest dividend that has been paid in the last five years is 12kobo. Analysts believe that if the EPS peaks at 50kobo a dividend of between 12-15kobo might just be around the corner.
Leventis last gave a bonus of our new share for every five previously held (1:5) in 2007 bringing its share capital to 2.65billion units. But this has in no way diluted its earnings strength.
For the anticipated dividend, income investors should play short or medium term by buying now.
University Press
This company is one of the foremost publishing firms in the country and has been improving the standard and quality of printing since its inception. However, it has not been consistent in releasing its quarterly results as and when due to the investing public. The quarterly and yearly earnings have sometimes been up and sometimes down. However, it has constantly been giving dividend to its shareholders.
In the yet-to-be released results of this company, the second quarter result, EPS, stood at a positive 38kobo from a negative 12 kobo. This, the management attributed to a re-engineered, re-organized and re-positioned university press. In 2009, the EPS peaked at 81kobo in the fourth quarter out of which analysts are expecting a dividend.
Analysts speculate that this could be as high as 20-30 kobo. Another attractive factor of this stock is the small share capital that it has - 374 million units. It is trading as at press time at N4.49. Therefore the price-to-earnings ratio is 12times. With the above profile, the stock is a good buy.
Vitafoam Plc
This company has been regular in releasing its report to the investing public and has been regularly growing its profits and dividends to its shareholders in the last five years. Recently the price of the stock was adjusted for a 25kobo dividend to its shareholders and the first quarter of 2010, it has already reached 12kobo.
The price of the equity is rallying upward. With its line of interest being in the provision of comfortable cushion and foam mattresses, it has been growing with the population.
It has therefore embarked on an aggressive expansion and improvement programme. This has positively impacted on its score sheet. As long as the population is growing, so will be the demand for good, affordable mattresses being produced by Vitafoam.
Adswitch Plc
Yet another company which released its second quarter results with a profit is Adswitch Plc. It too, posted an impressive result considering the fact that it is in the second tier category of the stock market. Its products too are in high demand - electrical fittings and switches and cables.
In spite of being in the second tier equity market, it has constantly and promptly been releasing its results for the investing public to scrutinize its performance. This habit speaks volumes of the confidence of the management. In spite of the harsh manufacturing environment, the company has consistently been rewarding its shareholders with dividend payments.
Its second quarter earnings shows a great performance for a second tier company. Turnover grew by a very comfortable 353 per cent from a lowly N22.21million in October 2008 to N1000.52 million in October 2009.
Equally impressive was its profit after tax which grew by a handsome 607 per cent from N1.5million in October 2008 to N7.61 million in October 2009. The earnings per share equally improved from 13kobo in October 2008 to 15kobo in October 2009 representing an increase of 15 per cent.
Analysts are forecasting that its EPS will hit between 32 kobo and 35kobo of which about 50 per cent of it might be given to shareholders as dividend. For an equity selling below N2.50, this is impressive.
It is a very good buy for any bargain hunter, with its strength improving by the quarter, It’ll not be out of place if this stock is bought for the short term, medium or long term.
