Monthly NCM Report for Aug 2010 - Proshare

8/8/2019 Monthly NCM Report for Aug 2010 - Proshare

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ISSN 1597 - 8842 Vol. 1 No. 44

The Monthly NCM Report for Aug 10

Issued on Sept 02, 2010


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The Monthly NCM Report for Aug 2010 www.proshareng.com Page 2

Contents

Executive Summary 3Introduction 6

All-Share Index Movement 10

Market Dynamics 12

Comparison of 2009 and 2010 Market Performance 13

Sectoral Index Movements 14

NSE -30 Index, NSE -Food Index, NSE -Banking Index, NSE -Insurance Index & NSE -Oil Index

Sectoral Analysis 19

Transactions Volume and Value Trend 20

Top Ten Trades in the Month 21

Top Ten Traded Sectors in the Month 22

Top Ten Gainers in the Month 22

Top Ten Year to Date Appreciation 23

Top Ten Decliners in the Month 23

Top Ten Year to Date Depreciation 23

Supplementary Listing in the Month 24

Corporate Declarations in the Month 24

Forecast Results in the Month 35

Dividends Declared 36

Sectoral Analysis 42

Outlook/ Analyst Opinion 43

Time Lines (April Market News/Information) 44


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The Monthly NCM Report for August 2010

ISSN 1597 - 8842 Vol. 1 No. 44

Executive Summary

Today is 120 days to the end of the year 2010 I wished it was 120 minutes so we can get this year over and done with,

The equity market trend in the month of August reflected the confidence levels andsentiments pervading the market at this time; with the ASI opening the month at

25,634.39 points and resting on month end at 24,268.24. The stock market reversed thepositive gains recorded in the preceding month and ended up at its 5-month low.

Index

YTD

Return

Aug Monthly

Return

Last week ( from Aug 27

to Aug 31, 2010)

Previous Week Return

( from Aug 20 to Aug

27, 2010)

4-Jan-10 20,838.90

2-Aug-10 25,634.39

20-Aug-10 25,106.86

27-Aug-10 24,274.51

31-Aug-10 24,268.24 16.46% -5.33% -0.03% 0.02%

Trends in the month showed that the All Share index of the Nigeria Stock Exchange (NSEASI) struggled through on the support point it located at the end of H1 2010.

The dominance of bears in the period was not unconnected with the spill over effect ofthe preceding three months below average performance. A number of reasons can beadduced for the volatility and consequently, dominance of bearish trend during the

period that equally created room money making through the adoption of a touch and go

investment strategy adopted by some discerning investors.

According to data from the NSE, the robust liquidity position in the money market didnot impact on the stock market, hence, stock prices dropped on reduced volume oftransactions. Though, the sell offs were not massive, banks tried to comply with theapex bank directive to reduce their exposure to the capital market to 10 per cent bySeptember 1, 2010.

The market recorded a turnover of 5.3bn shares valued at N46.91bn in 142,594 dealsduring August in contrast to a total of 7.64bn shares valued at N58.8bn exchangedduring July in 134,220 deals.

Consequently, trading volume and value dropped by 31.1% and 20.2%, respectively,while the number of executed trades (deals) rose by 6.2%. August trading volumes

increased by 7.5% while trading value and number of trades dropped by 3.2% and22.4% respectively. Trading days in August were 22 days, same as in July.

Trading during the month included 2,000 units of Lagos State Fixed Rate RedeemableBond valued at N2.255 million traded in 2 deals. There were no transactions through thestock market on the Federal Government Development Stocks, Industrial Loans andPreference Stocks sectors.

While the on-going reforms in the financial services sector and the re-emergence of theregulatory pre-eminence continues and creates dislocations, which may be contributory

to the challenges faced in the market but is not the cause.


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Recall that following series of allegations of financial impropriety against the leadership

of the NSE and the public exposure it generated, the Security and Exchange Commission(SEC) stepped in on August 5th, 2010 by removing the erstwhile Director General of thebourse with the entire council dissolved (http://www.proshareng.com/news/11652).

It is however worth noting that since the SEC took the step on the 5th of the month,market outlook has not remained the same to date as investors continued to respondand react to the development; closer watch of the market trend prior to the saga wouldsuggest that following the sustained three days of decline to August 3rd, 2010, the

market was upbeat by +1.07% recorded at the close of trading session on Wednesday4th August 2010 would continue.

However, this could not be sustained as market performance trend assumed a declinewith marginal appreciations by 0.09% recorded in each of 5 th and 6th day of August. Thedeclines consequently climaxed in negative outlook which set in at the close of tradingsession of Monday 9th August, 2010 and lasted till the last trading day of the week. This

consequently brought the weeks performance to -2.96%.

The pre and post intervention analysis of the market trend showed that, between July16th and August 4th, 2010 (covering fifteen trading days), market recorded upbeat by+3.79% with average daily appreciations by +0.27%.

The breakdown of analysis by NSE sectoral indexes in the fifteen trading days prior to

the intervention by SEC and fifteen trading days after the interventions as contained inthe table below and reveals the market pulse for the period; blue chips contributedmuch more to the upbeat recorded in the pre-intervention fifteen trading days asrevealed in the table, while Oil and gas stocks shed off weight massively.

The banking stocks were the hardest hit by the bearish run recorded in the post SEC

intervention period, followed by the blue chip stocks.

Index % Performance

Average daily %

Performance % Performance

Average daily %

Performance

NSE-30 4.16% 0.28% -6.45% -0.43%

NSE-Food 2.85% 0.19% -5.65% -0.38%

NSE-Banking 3.53% 0.24% -10.39% -0.69%

NSE-Insurance 1.65% 0.11% -6.10% -0.41%

NSE-Oil -7.30% -0.49% -2.06% -0.14%

July 15th- Aug 4th, 2010 Aug 5th- Aug 25th, 2010

Many players in the market have resorted to increased speculative activities, anindication that investors confidence remains weak and fragile in the market at this timeand their appetite for risk is in need of a major bolt.

A number of developments arising from the month will impact events in the new month,some of which are:

The take-off of AMCON (the uncertainty of which appears not helpful) and though notmutually dependent, the common sense resolution of the reality post the Sept 1,

2010 mandate to banks in respect of margin loans;The planned new listings announced by the NSE and the planned Listing/Merger ofthe Dangote Cement Group understood to have been treated by the QuotationsCommittee and with an estimated valuation of N2 trillion. This should impact the


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market capitalisation and serve as an encouragement for attracting telecom andenergy sector firms to the exchange.

How the NSE handles and deal with the report that three foreign conglomerateswere concluding arrangements for self delisting from the exchange(http://www.proshareng.com/news/11824).The planned sale of banks or/and its handover to the NDIC option.

Activities in the money and debt market.The outstanding issues with Unity Bank Plc and Wema Bank Plc.The management of the exchange and regulatory interventions that are anticipated.

Conclusion

The developments so far will appear to have negated our positive outlook forecast forthe market in Q3 2010 as contained in our half year NCM report(http://www.proshareng.com/articles/2753) and July monthly report(http://proshareng.com/reports/2823).

The market pattern in the latter part of the month continue to show signs of strain and

evidence of persistence of volatility in the market; the two days upbeat of Thursday 26 thand Friday 27th of the month notwithstanding. This in itself could not be sustained as themarket consequently turned south by -0.22% at the close of Monday, penultimatetrading day, an indicator that the market remains technically weak.

We however remain cautiously optimistic that Q3 2010 should deliver a positive close as

we enter the run-in to year end; barring any unforeseen escalation of the currentchallenges.

Thank you for reading and do take time to share with [email protected] on your

thoughts. We value your feedback and comments.


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Introduction

NSE all share index dips as investors confidence remains feeble.

The market trend in the month of August was bearish in the early part of the month with

bears taking hold of the market in the twelve of the twenty one trading days of themonth.

The domineering influence of bears in the period could be attributed to the series of

negative developments recorded in the month, coupled with the delay in the operational

guidelines of the Asset Management Company issues.

The bearish run recorded in the month cut across all the sectors as could be seen in the

trend recorded in all the NSE-Sectoral indexes; they all recorded negative trend of

different rate. This further confirms the investors sentiments in the market.

Market pattern basically reveals that market is technically weak as could be seen from

the NSE ASI moving averages trend with index of 24,268.24 as at August 31st, 2010

trading below its 20 days, 50 days of 24,974.91 and 25,110.43 respectively but above

200 days moving averages of 24,234.07 by 0.14%. This suggests market trend is

technically weak, though trading above its 200days moving average.

The Market Game On

The market this month recorded a total of 5.33 billion units valued at N52.316 billion

(US$346.46 million) exchanged in 147,523 deals compared with 7.63bn units valued at

N58.784bn(US$392.679bn) exchanged in 134,213 deals in the month of July. The

figures closed below 9.91bn units valued at N68.742bn(US$429.64mn) exchanged

in 156,723 deals in the previous years comparable period. Comparing, the volume

and value traded in the month reveals a -46.21% and -23.89% decline below the

volume and value recorded in the previous years comparable period respectively.


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In the course of the month, the All-Share index recorded a negative trend of -5.33%, far

in reverse of+2.82% positive performances recorded in the month of July 2010.

However, the trend is relatively better when compared with the -10.42% recorded in the

preceding years August to close at 23,009.10.

The same pattern was recorded in the preceding month comparison. Market

capitalisation this month depleted by N322.47 billion (US$2.15 billion) as against

appreciation by +N206.828 billion (US$1.382bn) recorded in the month of July,

2010. Market capitalisation shed lower figures of N5.3 trillion (US$ 33.13 bn) in the

previous years comparable period.


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The Market Game Changers:

Although, the changes at the NSE, non-take off of AMCON and the actions of SEC against

errant market operators might be a contributory factor for the slump in the month ofAugust, thats not the whole story.

The market has really not had a significant up trend for some time and as we headedinto August 2010. Although the market had reversed the original downtrend after thepassage of AMCON the only major positive news that filtered into the market amidst anugly breakdown in corporate governance at the NSE; it would now appear that market

participants are beginning to realize that the action will not immediately

address/improve the liquidity issues confronting the market. Therefore, the initialeuphoria evaporated.

A review of the market trend reveals that even when the market appears to be movingin the positive direction, the daily increases for most of the individual stocks were lessthan the 5% threshold. It seems that there is not a lot of appetite for huge risks.

The contributory factors for the August 2010 performance can be located in the followingindices as outlined below:

Negative Factors in the marketThe impact of bearish sentiment in the global sphere with no positive news-flow bypolicy-makers and weak economic data.

Risk aversion heightened amidst weak investment sentiments.Uncertainty surrounding the affairs of the Exchange and crystallization of the risk ofsuccession plan for the Nigerian Stock Exchange cannot be ruled.Ripple effect from global field as US equities continue to bleed in reaction to slowerpace of recovery in output and employment despite Feds stance to hold rates at0.25%.Loss/lack of risk appetite towards equities investment from investors and the liquidity

challenge with less funds committed to the marketThe policy by the Central Bank of Nigeria that banks should recover the estimated N1trillion stock market debts tied to margin loans or face the sanctions of the CentralBank of Nigeria (CBN) led to a massive offloading of banking stocks.


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Uncertainty regarding the ownership of the ailing institutions and its recapitalizationplans still remains an issue in the market.

Relatively high political risks and volatility in the country's political institutions.Current levels of nonperforming loans (NPLs) across the sectorPoor corporate governance and risk-management deficiencies continue to manifest inthe management of our corporate entities.

Retail market disappeared as a consequence of the illiquid status of investorsMargin loans from banks and brokerage firms is no longer availableContinuous selling pressure overwhelming the demand for stocks

Positive Factors in the marketPlanned elections (with a possibility of an early election timeframe) and the earlyresolution of tradition issues should have a beneficial impact on the NCM.Corporate declarations announced by some companies good with relative positives.The Q2 results released so far in the banking sector must have raised the hope ofbetter returns in the sector, coupled with the fact that some of them do not have

serious concerns with the non-performing loans saga.

The recent CBN stand in resorting to dialogue in dealing with recapitalisation of therescued banks also raised the morale of the investing public in the sector.Guaranteeing the domestic inter-bank market by the CBN.The efforts by regulatory bodies, especially the Securities and Exchange Commission(SEC) to ensure of safety of investments in the market contributed to the marketgrowth.

Market Concerns: The concerns in the market still remain with the regulatory bodies inthe finance industry. The murky nature and state of flux is expected to give way to some

common sense approach in arresting the developments that brought the market to thisstate and actions needed to be put in place.


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The NSE All-Share Index Movement

The Nigerian equities started the month with a negative outlook as a result of mass sell-

off emanated from September deadline by CBN for all the banks in the country to

recover the estimated N1 trillion stock market debts tied to margin loans which

consequently triggered investors fright that generated into cut down of investmentactivities for safety. Investors developed a watchful approach purposely for risk aversion

which largely contributed to bearish outlook of the market.

Trends in the month showed that, the swing in the first thirteen trading days into themonth (between 2nd and 19th August, 2010), was dominated by bears with aggregatedrop of -1.70%.

The Nigerian Stock market has remained unstable with the swing as the bears and bulls jostle for supremacy continues for last 9 trading days of the month as selling pressure

continued to dominate trading activities suggesting bears domination.

The NSE index in August 2010 ended on a negative note drawing from the selling

activities recorded at the end of the last trading days of the month to maintain the

bearish position of August 2010 ended with a -5.33% depreciation to close at24,268.24 compared with -10.42% depreciations recorded in the preceding yearcomparable period to close at 23,009.10. The depreciation in the month was far below

the +12.97% and +8.43% recorded in the month of March and January 2010.

Meanwhile, at the end of the last trading day of the month under review, All-Share Indexclosed above the figure recorded at the close of 31 August 2009 by +5.47%.

At the end of the last trading day of the month, All-Share Index closed above the figure

recorded at the close of 4th January 2010 by 16.46% which was -26.62% away from

January 2nd 2009 to 31st August, 2009. This shows by how much the market has

performed in the year.


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The market pattern reveals that it is technically weak. This can be seen from the NSE

ASI moving averages trend with index of 24,268.24 as at August 30 th, 2010 trading

below its 20 days, 50 days of 24,974.91 and 25,110.43 respectively but marginally

above 200 days moving averages of 24,234.07 by 0.141%.

Source: NSE, Proshare Research

At the close of the last trading day of the month, All-Share Index traded below its 20

days, 50 days and above 200 days moving averages which closed at 24,974.91,25,110.43 and 24,234.07 respectively. This trend is technically suggesting a weak trend.



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August 2010 Market Dynamics

The market dynamics as graphically illustrated below showed the appreciation and

depreciations on the daily basis.

Assurances of improved regulatory environment, September deadline by CBN,declaration of corporate results, Uncertainty regarding the ownership of the ailing

institutions and its recapitalization plans, profit taking, low investor appetite were

responsible for the dynamics recorded.


MARKET DYNAMICS IN THE PRECEDING YEAR COMPARABLE PERIOD (AUGUST,2009)



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Comparison of 2009 and 2010 Market Performance

The market performance in August 2010, when compared with the 2009 comparable

period; showed a upward trend. In the period under review, ASI recorded -5.33%

depreciation compared with -10.42% depreciations recorded in 2009 August. The

scenario revealed that the depreciation in the current years comparable period wasabove the previous year trend but the market closed at approximately in the range of

24,000.


Dates NSE ASIMarket Capitalisation

(trillion)Market Capitalisation ($

billions)

Jan-02-09 31,357.24 6.93 43.31

Aug-03-09 25,685.16 5.9 36.88

Aug-31-09 23,009.10 5.3 33.13

Yearly Return -26.62% -23.52% -23.52%

Monthly Return -10.42% -10.17% -10.17%

Jan-04-10 20,838.90 4.99 33.27

Aug-02-10 25,634.39 6.27 41.52

Aug-31-10 24,268.24 5.94 39.34

Yearly Return 16.46% 19.04% 18.25%

Monthly Return -5.33% -5.26% -5.26%


From the table above, the year to date performance as at 31st August, 2010 closing at+16.46% during the previous year comparable period as at 31st August, 2009 with -26.62%deprecation indicating a drastic improvement over the trend recorded last year.


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Sectoral Index Movements

NSE 30 NSE Food NSE Banking NSE Insurance NSE Oil

2-Aug-10 1,068.05 843.11 384.24 183.67 376.55

3-Aug-10 1,059.47 827.46 381.92 179.45 372.01

4-Aug-10 1,073.70 821.74 388.25 179.59 371.38

5-Aug-10 1,075.13 834.84 387.54 178.92 372.01

6-Aug-10 1,076.12 834.95 388.06 179.4 375.41

9-Aug-10 1,069.52 832.89 384.22 178.15 376.62

10-Aug-10 1,058.12 824.46 377.56 173.9 376.72

11-Aug-10 1,043.22 817.22 370.75 176.96 376.11

12-Aug-10 1,039.99 818.84 369.71 177.8 376.09

13-Aug-10 1,038.85 811.62 373.5 177.22 376.28

16-Aug-10 1,048.88 812.94 379.92 177.17 373.06

17-Aug-10 1052.69 812.54 377.66 176.26 371.8518-Aug-10 1,049.73 812.72 374.79 176.75 370.27

19-Aug-10 1,050.29 813.38 374.61 175.34 371.84

20-Aug-10 1,045.92 810.17 372.12 174.39 370.44

23-Aug-10 1,041.41 803.06 369.43 172.41 371.76

24-Aug-10 1,022.87 785.69 357.89 170.51 369.45

25-Aug-10 1,006.06 776.09 349.43 168.84 363.73

26-Aug-10 1,009.67 782.99 349.67 166.21 365.26

27-Aug-10 1,012.41 782.43 355.43 168.88 361.47

30-Aug-10 1,007.88 784.07 355.3 171.68 361.47

31-Aug-10 1,010.60 785.77 355.41 173 361.47

Monthly %Change -5.38% -6.80% -7.50% -5.81% -4.00%


In the month under review, all sectoral index booked losses with NSE banking topping

the chart by -7.50%, followed by NSE food and beverages by -6.80% while NSE

Insurance, NSE 30 and Oil & gas dropped -5.81%, -5.38% and -4.00% respectively.


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July and August Sectoral Indexes Compared


When compared with July trend of sectoral indexes with the exception of all Oil and Gas

Index which maintained the negative trend outlook by -4.00%, all other sectoral indexes

closed in the reverse of their previous month trend.

NSE-30INDEX


The trend recorded in the blue chips stocks is reflected in the index movement. There

were interruptions at the many points in the index performance in the month due to the

volatility that pervaded the entire market in the period. The sector experienced

significant selling activities that resulted in negative performance of the sector as against

the positive performance of the preceding month, as a result of bearish trend in the

market, the index recorded depreciation by -5.38% as against +3.13% appreciation

recorded in the month of July.


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NSE-FOOD INDEX


The stocks in the sector still closed on a negative note as result of mass sell in the

month to record -6.80% compared with +1.10% recorded in the month of July. This is

against appreciations by +43.03% recorded in the first three months of the year. The

slight upbeat trend in the sector towards the close of the month suggested recovery in

the days ahead as stocks in the sector have potentials for impressive returns.

NSE-BANKING INDEX



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NSE-Banking index closed the month of August with -7.50% depreciation compared with

+1.48% appreciations recorded in July. The bearish growth was against +10.30%,

+1.76% and +18.34% appreciations recorded in the months of January, February and

March respectively. The trend recorded could be attributed to mass selloff emanated

from September deadline by CBN for all the banks in the country to recover the

estimated N1 trillion stock market debts associated with margin loans.

This will be against general expectation that would follow the relative improved second

quarter results released so far in the month even with Interim dividend declared, we

hope to see better days ahead in some of the stocks in the sector as outstanding issues

in the sector are addressed.

NSE-INSURANCE INDEX


The positive outlook recorded in Insurance sector in the previous month could not be

sustained in the month under review. The twin issues of high rate of volatility and lack of

impressive returns that could stimulate investors interest remain. Insurance sector

followed the general market trend with decline by -5.81% in the month under review as

against +1.68% marginal upbeat recorded in July. Also the fact that some of the stocks

have overblown shares in issue is another factor that contributes to the high rate ofvolatility as their fundamental cannot support their float.

Meanwhile, as market outlook is expected to move into stability in the coming days, we

expect speculative swing to be in favour of the stocks as usual.

NSE-OIL INDEX


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The sector recorded -4.00% performance declines in the months of August compared

with -8.47% decline recorded in July. Trend in the sector posted the lowest decline in the

month among the NSE sectoral indexes as against the highest loss position booked last

month which suggests possible trend reversal as investors may want to cash in on the

low prices.

LAST TRADING DAY -SNAPSHOT

http://www.proshareng.com/investors/theAnalyst.php


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SECTORAL ANALYSIS

SECTOR PREFORMANCE

SectorYTD

%ChangeHOTEL & TOURISM 45.41%

FOOD/BEVERAGES & TOBACCO 38.69%

BREWERIES 34.92%

CONSTRUCTION 23.82%

BUILDING MATERIALS 23.48%

PETROLEUM(MARKETING) 16.75%

HEALTHCARE 16.17%

CHEMICAL & PAINTS 12.92%

PRINTING & PUBLISHING 8.10%

AIRLINE SERVICES 7.45%

CONGLOMERATES 7.21%

LEASING 4.91%

THE FOREIGN LISTINGS 4.00%

MARITIME 1.69%

COMMERCIAL/SERVICES 0.20%

AVIATION 0.00%

AGRICULTURE -0.15%

ENGINEERING TECHNOLOGY -0.83%

REAL ESTATE -1.21%PACKAGING -1.57%

BANKING -2.22%

INDUSTRIAL/DOMESTIC PRODUCTS -6.29%

INFORMATION & COMMUNICATION

TECHNOLOGY-7.74%

SECOND-TIER SECURITIES -7.76%

COMPUTER & OFFICE EQUIPMENT -11.36%

INSURANCE -12.92%

MORTGAGE COMPANIES -16.48%

OTHER FINANCIAL INSTITUTIONS -16.74%FOOTWEAR -18.31%

ROAD TRANSPORTATION -23.29%

MEDIA -23.30%

AUTOMOBILE & TYRE -33.11%

TEXTILES -55.26%Source: NSE, Proshare Research


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Transactions Volume and Value Trend

Market Aug '09' Aug '10' % Change

Average Daily Volume of Stocks Traded (in millions) 471.94 242.31 -48.66%

Average Daily Value of Stocks Traded (in N'millions) 3,273.42 2,378.00 -27.35%

Average Daily Value of Stocks Traded (in USD$ millions) 20.46 15.75 -23.02%

Total Volume of Stocks Traded (in millions) 9910.90 5330.91 -46.21%

Total Value of Stocks Traded (in N'millions) 68,741.88 52,316.06 -23.89%

Total Value of Stocks Traded (in USD$ billion) 429.64 346.46 -19.36%

New Listing and Delisting Aug '09' Aug '10'

Number of Equities Delisted 0 0

Number of New Listings 0 0


The transaction volume in the month of August when compared with the preceding year

comparable period closed lower by -46.21% to close at 5330.91 million units

compared with 9910.90 million units traded in August 2009. This couldbe an indication

that the investors patronage of the market in the month under review was significantly

different.

Also, the transaction value in the month under review closed lower by -23.89% at

N52,316.06 billion ($346.46 million) compared with N68,741.88 billion ($429.64

million) of August 2009.

August 2010 vs. 2009 Daily Volume Chart


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Top Ten Trades for the Month of August 2010

Zenith Bank Plc topped the transaction volume for the month. Banking stocks generally

dominated the charts with seven of the stocks in the sector emerging in the top ten

trades chart for the month.

Company Total Trades Total Volume Total Value

ZENITHBANK 7,726.00 302,819,715.00 4,106,487,336.72

UBA 5,909.00 283,226,745.00 2,832,462,338.88

FIRSTBANK 14,694.00 272,756,636.00 3,512,256,832.10

GUARANTY 10,316.00 226,098,791.00 3,715,801,917.52FIDELITYBK 2,609.00 216,088,315.00 540,474,747.93

ACCESS 4,197.00 200,386,510.00 1,650,402,282.74

UNITYKAP 24 139,179,551.00 72,365,609.00

RTBRISCOE 326 131,929,038.00 482,386,256.71

OANDO 2,578.00 130,638,601.00 8,893,688,070.84

UBN 3,109.00 125,296,719.00 624,034,537.02

Recall Top Ten Trades for the Month of August 2009

Company Total Trades Total Volume Total Value

UBA 6,470.00 1,025,778,589.00 12,518,715,711.42AIICO 22,701.00 705,838,375.00 801,521,687.84

CAPHOTEL 116.00 609,723,399.00 934,622,722.78

INTENEGINS 1,822.00 511,179,671.00 426,660,858.31

TOURIST 2.00 473,553,295.00 2,381,973,043.85

ACCESS 3,928.00 377,306,096.00 2,296,630,840.00

SKYEBANK 4,381.00 368,955,774.00 1,953,984,889.28

FIRSTBANK 18,413.00 349,346,133.00 5,284,296,727.98

FCMB 1,502.00 335,631,577.00 1,997,615,501.89

ZENITHBANK 5,693.00 329,345,071.00 4,162,436,908.62


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Top Ten Traded Sectors for the Month of August

Sector Total Trades Total Volume Total Value % Contribution

BANKING 64,555.00 2,446,277,633.00 20,171,585,471.80 49.83%

INSURANCE 5,059.00 674,747,418.00 719,588,340.73 13.75%

PETROLEUM(MARKETING) 6,065.00 210,476,363.00 10,215,147,869.70 4.29%FOOD/BEVERAGES &

TOBACCO 12,749.00 191,429,582.00 4,994,839,911.33 3.90%

CONGLOMERATES 4,532.00 138,204,157.00 1,944,362,483.49 2.82%INFORMATION &

COMMUNICATION

TECHNOLOGY 991 134,084,429.00 163,458,289.91 2.73%

AUTOMOBILE & TYRE 387 133,056,135.00 482,949,805.21 2.71%

MORTGAGE COMPANIES 1,111.00 131,075,337.00 107,788,178.51 2.67%

CONSTRUCTION 1,058.00 113,599,834.00 370,411,126.73 2.31%

SECOND-TIER SECURITIES 66 106,438,462.00 53,234,192.70 2.17%

Total of Top 10 Traded Sectors 96,573.00 4,279,389,350.00 39,223,365,670.11 87.18%

Monthly Total 129,098.00 4,908,878,709.00 48,324,465,840.44

Recall Top Ten Traded Sectors for the Month of August 2009

Sector Total Trades Total Volume Total Value % Contribution

BANKING 72026 4,499,152,513.00 39,061,439,468.24 45.40%

INSURANCE 31172 2,194,374,530.00 2,154,280,979.17 22.14%

HOTEL & TOURISM 170 1,083,681,710.00 3,317,501,610.86 10.93%INFORMATION &

COMMUNICATION

TECHNOLOGY 1729 368,240,857.00 1,073,919,679.98 3.72%

CONGLOMERATES 4110 316,341,752.00 8,475,366,392.91 3.19%

MORTGAGE COMPANIES 1594 226,278,434.00 352,659,741.69 2.28%

FOOD/BEVERAGES &

TOBACCO 9105 225,158,075.00 3,476,724,230.95 2.27%MARITIME 3039 156,246,024.00 198,451,904.44 1.58%

SECOND-TIER SECURITIES 86 145,158,411.00 195,507,319.57 1.46%

CONSTRUCTION 1654 113,755,377.00 228,002,712.64 1.15%

Grand Total 156,726.00 9,910,905,917.00 68,741,888,950.56


Top Ten Gainers in the Month

COMPANY 2-Aug-10 31-Aug-10 Change % Change

FIRSTALUM 0.5 0.85 0.35 70.00%

NNFM 33.58 47 13.42 39.96%

VONO 0.5 0.63 0.13 26.00%

OKOMUOIL 10.9 13.29 2.39 21.93%

SPRINGBANK 0.69 0.84 0.15 21.74%

Presco 5.68 6.7 1.02 17.96%

NBC 34.1 39.6 5.5 16.13%

LONGMAN 6 6.66 0.66 11.00%

CAP 31.92 35.18 3.26 10.21%

LAWUNION 0.5 0.54 0.04 8.00%



23/65


Top Ten Year to Date Appreciation

COMPANY 4-Jan-10 31-Aug-10 Change % Change

INTBREW 2.27 6.99 4.72 207.93%

CADBURY 10.49 27.4 16.91 161.20%

BERGER 3.2 6.99 3.79 118.44%

CAPHOTEL 1.38 2.92 1.54 111.59%

NNFM 22.94 47 24.06 104.88%

JBERGER 25.79 52.73 26.94 104.46%

FLOURMILL 36.2 71.9 35.7 98.62%

NBC 22.49 39.6 17.11 76.08%

ASHAKACEM 11.39 20 8.61 75.59%

MOBIL 98.8 173 74.2 75.10%


Top Ten Decliners in the month

COMPANY 2-Aug-10 31-Aug-10 Change % Change

AIICO 1.36 1.06 -0.3 -22.06%

HONYFLOUR 6.09 4.75 -1.34 -22.00%

INTERCONT 2.19 1.72 -0.47 -21.46%

ROYALEX 0.67 0.53 -0.14 -20.90%

UNIONDAC 0.63 0.5 -0.13 -20.63%

UNTL 1.07 0.85 -0.22 -20.56%

IKEJAHOTEL 1.47 1.17 -0.3 -20.41%

GOLDINSURE 0.65 0.52 -0.13 -20.00%OCEANIC 1.91 1.54 -0.37 -19.37%

PLATINUM 1.45 1.18 -0.27 -18.62%

Top Ten Year to Date Depreciation

COMPANY 4-Jan-10 31-Aug-10 Change % Change

UNITYKAP 2.38 0.5 -1.88 -78.99%

BECOPETRO 2.53 0.74 -1.79 -70.75%

ALUMACO 27.71 8.15 -19.56 -70.59%

OASISINS 1.49 0.51 -0.98 -65.77%

CRUSADER 1.5 0.54 -0.96 -64.00%

STACO 1.19 0.5 -0.69 -57.98%

UNIC 1.15 0.5 -0.65 -56.52%

ECOBANK 10.1 4.5 -5.6 -55.45%

UNTL 1.9 0.85 -1.05 -55.26%

INCAR 4.12 1.97 -2.15 -52.18%



24/65


Supplementary Listing in the Month:

There were two supplementary listings in August compared with three in July. A total of650,000,000 shares were added to the shares outstanding in the name ofUnity Kapital

Assurance Plc on August 9, 2010 following the bonus of 1 for 19.

A total of 1,634,364,596 of N0.50 each at N7.00 per share shares were added to theshares outstanding in the name of Skye Bank Plc on Tuesday, August 31, 2010

following the conclusion of a Special Placing.

Corporate Declarations in the Month

2010 N'm 2009 N'm % Change 2008 N'm 2007 N'm % Change

Gross Earnings 1,370.00 1,153.00 18.82% Gross Earnings 2,266.00 2,094.00 8.21%

Profit Before Tax 30.05 15.68 91.66% Profit Before Tax (297.58) 83.33 -457.13%

Taxation Nil Nil 0.00% Taxation 1.16 (19.55) -105.95%

Profit/Loss After Tax 30.05 15.68 91.66% Profit/Loss After Tax (296.42) (63.78) 364.76%

Fixed Assets 1,985.00 1,997.00 -0.60% Fixed Assets 2,075.00 765.38 171.11%

Short Term Borrowings 119.24 154.08 -22.61% Stocks 627.53 522.81 20.03%

Other Credit Balances 88.03 86.06 2.29% Trade Debtors 350.03 564.81 -38.03%

Working Capital (366.92) (387.28) -5.26% Cash and Bank Balances 51.01 34.38 48.37%

Net Assets 1,456.00 1,426.00 2.10% Other Debit Balances 116.33 33.26 249.78%

Trade Creditors 378.99 235.71 60.78%

Short Term Borrowings 267.73 335.98 -20.31%

Other Credit Balances 945.45 645.32 46.51%

Working Capital (448.28) (61.76) 625.87%

Net Assets 1,434.00 603.44 137.64%


Gross Earnings 1,894.00 2,266.00 -16.42% Gross Earnings 1,050.00 1,030.00 1.94%

Profit Before Tax (473.24) (297.58) 59.03% Profit Before Tax 121.11 132.49 -8.59%

Taxation 153.38 1.16 13088.48% Taxation (36.33) (39.75) -8.59%

Profit/Loss After Tax (627.07) (296.42) 111.55% Profit/Loss After Tax 84.78 92.74 -8.59%

Fixed Assets 2,001.00 2,075.00 -3.57% Fixed Assets 796.77 735.32 8.36%

Stocks 402.54 626.53 -35.75% Stocks 44.07 30.18 46.04%

Trade Debtors 146.62 350.03 -58.11% Trade Debtors 1,136.00 1,133.00 0.26%

Cash and Bank Balances 13.69 51.01 -73.17% Cash and Bank Balances 269.89 367.30 -26.52%

Other Debit Balances 72.42 116.33 -37.74% Other Debit Balances 278.37 253.94 9.62%

Trade Creditors 408.54 378.99 7.80% Trade Creditors 149.81 183.06 -18.16%

Short Term Borrowings 408.53 267.73 52.59% Other Credit Balances 1,014.00 1,060.00 -4.34%

Other Credit Balances 672.98 945.45 -28.82% Working Capital 856.44 798.98 7.19%

Working Capital (854.78) (448.28) 90.68% Net Assets 1,368.00 1,283.00 6.63%

Net Assets 807.00 1,434.00 -43.72%


Gross Earnings 1,923.00 1,614.00 19.14% Gross Earnings 110.16 159.89 -31.10%

Profit Before Tax 410.37 336.40 21.99% Profit Before Tax (79.29) (36.99) 114.33%

Taxation (133.54) (95.04) 40.51% Taxation Nil Nil 0.00%

Profit/Loss After Tax 276.82 241.36 14.69% Profit/Loss After Tax (79.29) (36.99) 114.33%

Fixed Assets 531.25 239.28 122.02% Fixed Assets 536.24 531.25 0.94%

Stocks 1,034.00 808.11 27.95% Stocks 1,080.00 1,034.00 4.45%

Trade Debtors 148.09 138.63 6.83% Trade Debtors 81.13 148.09 -45.22%


Other Debit Balances 291.36 225.81 29.03% Other Debit Balances 93.79 291.36 -67.81%

Trade Creditors 26.74 47.49 -43.69% Trade Creditors 14.42 26.74 -46.08%

Net Assets 291.36 225.81 29.03% Other Credit Ba lances 611.37 738.10 -17.17%

Working Capital 753.76 834.33 -9.66%

Net Assets 1,178.00 1,257.00 -6.28%

http://www.proshareng.com/investors/company.php?ref=UPL

August 2nd, 2010: DN MEYER PLC

August 2nd, 2010: UTC NIGERIA PLC August 2nd, 2010: DN MEYER PLC

http://www.proshareng.com/investors/company.php?ref=DNMEYER

SECOND QUARTER REPORT FOR THE PERIOD ENDED 30-JUN-10

Balance Sheet Information

AUDITED REPORT FOR THE PERIOD ENDED 31-DEC-08


http://www.proshareng.com/investors/company.php?ref=UTC

August 2nd, 2010: UNIVERSITY PRESS PLC

AUDITED REPORT FOR THE PERIOD ENDED 31-MAR-10




http://www.proshareng.com/investors/company.php?ref=DNMEYER

August 2nd, 2010: RED STAR EXPRESS PLC

FIRST QUARTER REPORT FOR THE PERIOD ENDED 31-MAR-10


http://www.proshareng.com/investors/company.php?ref=REDSTAREX

August 2nd, 2010: UNIVERSITY PRESS PLC

F1RST QUARTER REPORT FOR THE PERIOD ENDED 30-JUN-10


http://www.proshareng.com/investors/company.php?ref=UPL


25/65




Profit Before Tax 76.87 245.51 -68.69%

Profit Before Tax & Extra-

ordinary items 873.95 269.55 224.22%

Taxation (5.60) (17.88) -68.69% Exceptional Items Nil (246.17) 0.00%

Profit/Loss After Tax 71.27 227.63 -68.69% Taxation (520.61) (157.57) 230.40%

Profit/Loss After Tax 353.34 (134.19) 363.31%

Fixed Assets 4,662.00 4,599.00 1.37%

Stocks 14.89 122.47 -87.84% Fixed Assets 10,348.00 10,025.00 3.22%

Trade Debtors 97.41 71.96 35.38% Stocks 6,067.00 7,341.00 -17.35%

Cash and Bank Balances 186.65 261.73 -28.69% Trade Debtors 720.55 672.57 7.13%

Other Debit Balances 688.37 701.40 -1.86% Cash and Bank Balances 80.93 258.78 -68.73%

Trade Creditors 543.60 490.59 10.81% Other Debit Balances 3,536.00 1,671.00 111.61%

Short Term Borrowing 131.90 332.44 -60.32% Trade Creditors 998.64 1,899.00 -47.41%

Other Credit Balances 1,347.00 1,286.00 4.74% Short Term Borrowings 3,936.00 1,101.00 257.49%

Working Capital 0.61 (143.62) -100.43% Other Credit Balances 6,850.00 8,042.00 -14.82%

Net Assets 3,727.00 3,647.00 2.19% Working Capital 2,474.00 4,558.00 -45.72%

Net Assets 8,968.00 8,926.00 0.47%


Gross Earnings 4,384.00 5,069.00 -13.51% Gross Earnings 31,943.00 32,447.00 -1.55%

Profit Before Tax 428.61 825.70 -48.09% Profit Before Tax 3,092.00 955.02 223.76%

Taxation (103.42) (213.86) -51.64% Taxation (996.23) (310.73) 220.61%

Profit/Loss After Tax 325.19 611.84 -46.85% Profit/Loss After Tax 2,095.00 644.28 225.17%

Fixed Assets 8,766.00 7,953.00 10.22% Fixed Assets 12,395.00 11,637.00 6.51%

Stocks 1,815.00 1,934.00 -6.15% Stocks 4,032.00 4,378.00 -7.90%

Trade Debtors 1,295.00 1,408.00 -8.03% Trade Debtors 1,144.00 1,139.00 0.44%

Cash and Bank Balances 231.88 150.57 54.00% Cash and Bank Balances 122.63 21.80 462.56%

Other Debit Balances 1,855.00 1,795.00 3.34% Other Debit Balances 5,357.00 4,893.00 9.48%

Trade Creditors 298.27 363.72 -17.99% Trade Creditors 6,903.00 6,434.00 7.29%

Short Term Borrowing 621.47 600.00 3.58% Other Credit Balances 13,866.00 11,889.00 16.63%

Other Credit Balances 1,811.00 1,146.00 58.03% Working Capital (3,805.00) (3,044.00) 25.00%

Working Capital 2,467.00 3,179.00 -22.40% Net Assets 4,169.00 4,176.00 -0.17%

Net Assets 8,669.00 8,524.00 1.70%

2010 N'm 2009 N'm % Change 2010 N'm 2009 N'm %Change

Gross Earnings 26,646.00 41,374.00 -35.60% Gross Earnings 6,429.00 7,338.00 -12.39%

Profit Before Tax 3,973.00 1,975.00 101.16% Profit before tax 508.10 971.99 -47.73%

Taxation (794.75) (395.10) 101.15% Taxation (201.46) (311.04) -35.23%

Profit/Loss After Tax 3,179.00 1,580.00 101.20% Profit/Loss After Tax 306.64 660.96 -53.61%


Treasury Bills 98,104.00 132,397.00 -25.90% Trade Debtors 498.23 335.55 48.48%

Loans & Advances 164,098.00 176,398.00 -6.97% Cash and Bank Balances 1,803.00 916.81 96.66%

Cash and Bank Balances 57,582.00 52,294.00 10.11% Other Debit Balances 1,898.00 1,894.00 0.21%

Other Debit Balances 55,613.00 48,333.00 15.06% Trade Creditors 423.33 993.28 -57.38%

Deposits 253,677.00 288,808.00 -12.16% Short Term Borrowings 314.90 304.63 3.37%

Other Credit Balances 14,106.00 15,903.00 -11.30% Other Credit Balances 5,739.00 4,826.00 18.92%

Net Assets 132,519.00 129,340.00 2.46% Working Capital 1,657.00 1,352.00 22.56%

Net Assets 10,612.00 10,308.00 2.95%



Profit Before Tax 1,309.00 1,570.00 -16.62% Profit Before Tax 2,294.00 1,619.00 41.69%


Profit/Loss After Tax 877.00 1,052.00 -16.63% Profit/Loss After Tax 1,606.00 1,133.00 41.75%

Fixed Assets 4,755.00 5,217.00 -8.86% Fixed Assets 4,757.00 5,217.00 -8.82%

Stocks 4,661.00 4,707.00 -0.98% Stocks 4,706.00 4,707.00 -0.98%

Trade Debtors Nil 87.62 0.00% Trade Debtors Nil 87.62 0.00%

Cash and Bank Balances 2,858.00 849.61 236.39% Cash and Bank Balances 2,077.00 849.61 236.39%

Other Debit Balances 14,160.00 14,756.00 -4.04% Other Debit Balances 14,842.00 14,756.00 -4.04%

Trade Creditors 1,269.00 2,296.00 -44.73% Trade Creditors 1,401.00 2,296.00 -44.73%

Other Credit Balances 9,729.00 10,180.00 -4.43% Other Credit Balances 10,535.00 10,180.00 -4.43%

Working Capital (1,194.00) (3,095.00) -61.42% Working Capital (1,470.00) (3,095.00) -61.42%

Net Assets 15,044.00 13,141.00 14.48% Net Assets 15,635.00 13,141.00 14.48%

August 2nd, 2010: TANTALIZER PLC



http://www.proshareng.com/investors/company.php?ref=TANTALIZER

August 3rd, 2010: NIGERIAN BAG MAN. CO. PLC

August 3rd, 2010: MOBIL OIL PLC



http://www.proshareng.com/investors/company.php?ref=BAGCO

August 3rd, 2010: BETA GLASS PLC



http://www.proshareng.com/investors/company.php?ref=BETAGLAS

http://www.proshareng.com/investors/company.php?ref=AGLEVENT



http://www.proshareng.com/investors/company.php?ref=MOBIL


http://www.proshareng.com/investors/company.php?ref=FIDEKITYBK

August 3rd, 2010: AG LEVENTIS PLC

SECOND QUARTER RESULT FOR THE PERIOD ENDED 30-JUN-10


August 3rd, 2010: FIDELITY BANK PLC


August 3rd, 2010: ASHAKA CEMENT PLC



http://www.proshareng.com/investors/company.php?ref=ASHAKACEM

August 3rd, 2010: ASHAKA CEMENT PLC



http://www.proshareng.com/investors/company.php?ref=ASHAKACEM


26/65




Profit Before Tax 215.11 209.42 2.72% Profit Before Tax 1,176.00 2,420.00 -51.40%

Taxation (60.44) (67.39) -10.31% Taxation (307.00) (818.00) -62.47%

Profit/Loss After Tax 154.67 142.03 8.90% Profit/Loss After Tax 869.00 1,602.00 -45.76%

Fixed Assets 1,104.00 1,110.00 -0.54% Fixed Assets 48,495.00 47,148.00 2.86%

Stocks 375.62 363.49 3.34% Stocks 23,118.00 13,576.00 70.29%

Trade Debtors 223.11 331.28 -32.65% Trade Debtors 225.00 289.00 -22.15%

Cash and Bank Balances 270.59 145.58 85.87% Cash and Bank Balances 703.00 840.00 -16.31%

Other Debit Balances 120.52 88.36 36.40% Other Debit Balances 3,373.00 4,520.00 -25.38%

Trade Creditors 124.02 50.31 146.49% Trade Creditors 3,568.00 2,504.00 42.49%

Short Term Borrowing Nil 32.35 0.00% Short Term Borrowing 6,210.00 4,693.00 32.32%

Other Credit Balances 904.67 1,046.00 -13.51% Other Credit Balances 31,466.00 29,350.00 7.21%

Working Capital 208.31 35.70 483.50% Working Capital (8,661.00) (8,005.00) 8.19%

Net Assets 1,065.00 10.66 9895.31% Net Assets 30,041.00 29,826.00 0.72%


Gross Earnings 4,270.00 5,411.00 -21.09% Gross Earnings 223.51 234.93 -4.86%

Profit Before Tax 1,141.00 101.80 1020.86% Profit Before Tax 6.65 9.58 -30.63%Taxation (197.02) (21.56) 813.77% Taxation (1.11) (0.90) 23.42%

Profit/Loss After Tax 944.86 80.24 1077.60% Profit/Loss After Tax 5.54 8.68 -36.24%

Fixed Assets 38.45 45.25 -15.04% Fixed Assets 150.75 155.73 -3.20%

Stocks 472.02 1,189.00 -60.30% Stocks 30.67 36.43 -15.83%

Trade Debtors 632.94 525.37 20.48% Trade Debtors 28.11 26.68 5.38%


Other Debit Balances 799.56 189.41 322.12% Other Debit Balances 2.75 0.24 1027.46%


Short Term Borrowing 383.91 Nil 0.00% Short Term Borrowing 23.84 Nil 0.00%

Other Credit Balances 1,799.00 3,277.00 -45.10% Other Credit Balances 66.85 69.92 -4.40%

Working Capital 869.33 294.52 195.16% Working Capital (20.40) 10.69 -290.78%

Net Assets 439.37 (505.50) -186.92% Net Assets 104.06 122.54 -15.08%


Gross Earnings 1,881.00 706.76 166.15% Gross Earnings 3,548.00 2,585.00 37.25%

Profit Before Tax 983.09 (66.62) -1575.62% Profit Before Tax 1,152.00 881.21 30.73%

Taxation Nil Nil 0.00% Taxation (230.50) (176.24) 30.78%

Profit/Loss After Tax 983.09 (66.62) -1575.62% Profit/Loss After Tax 921.98 704.97 30.78%


Investment 1.00 1.00 0.00% Investment 1,754.00 1,956.00 -10.33%

Stocks 1,871.00 1,821.00 2.75% Stocks 600.36 623.43 -3.70%

Trade Debtors 531.48 5.42 9715.00% Trade Debtors 1,718.00 2,117.00 -18.85%

Cash and Bank Balances 20.51 48.70 -57.88% Cash and Bank Balances 493.95 1,499.00 -67.05%

Other Debit Balances 398.82 145.23 174.61% Trade Creditors 536.85 947.75 -43.36%

Trade Creditors 721.07 271.06 166.02% Other Credit Balances 1,283.00 1,847.00 -30.54%

Other Credit Balances 6,137.00 5,103.00 20.26% Working Capital 2,275.00 3,293.00 -30.91%

Working Capital 714.82 854.46 -16.34% Net Assets 21,708.00 21,287.00 1.98%

Net Assets 699.73 (283.35) -346.95%


http://www.proshareng.com/investors/company.php?ref=JAPAUL

August 4th, 2010: INTERNATIONAL BREWERIES PLC



http://www.proshareng.com/investors/company.php?ref=INTBREW

August 4th, 2010: NCR (NIGERIA) PLC



http://www.proshareng.com/investors/company.php?ref=NCR

August 3rd, 2010: NIGERIAN BOTTLING COMPANY PLCAugust 3rd, 2010: BOC GASES PLC



http://www.proshareng.com/investors/company.php?ref=BOCGAS



http://www.proshareng.com/investors/company.php?ref=NBC

August 4th, 2010: PREMIER PAINTS PLC



http://www.proshareng.com/investors/company.php?ref=PREMPAINTS

August 5th, 2010: JAPAUL OIL INTERNATIONAL PLC



27/65




Profit Before Tax 632.22 309.52 104.26%

Profit Before Tax &

Exceptional Items 7,311.00 7,398.00 -1.18%

Taxation (222.02) (73.22) 203.23% Taxation (2,017.00) (1,856.00) 8.67%

Profit/Loss After Tax 410.21 236.28 73.61% Profit/Loss After Tax 5,294.00 5,542.00 -4.47%

Fixed Assets 395.24 352.43 12.15% Fixed Assets 28,717.00 26,878.00 6.84%

Stock/ Short Te rm Investme 1,131.00 895.82 26.25% Loans and Advances 127,824.00 110,508.00 15.67%

Trade Debtors 123.76 Nil 0.00% Cash and Balances with CBN 8,295.00 7,772.00 6.73%

Cash and Bank Balances 393.95 1,120.00 -64.83% Other Debit Balances 168,028.00 184,750.00 -9.05%

Other Dedit Balances 523.29 390.55 33.99% Deposits 151,239.00 169,200.00 -10.62%

Trade Creditors 32.57 2,378.00 -98.63% Other Credit Balances 106,312.00 90,589.00 17.36%

Short Term Borrowing 17.05 134.88 -87.36% Net Assets 81,162.00 81,497.00 -0.41%

Other Credit Balances 1,301.00 1,757.00 -25.95%

Working Capital 1,269.00 888.45 42.83%

Net Assets 1,215.00 865.17 40.43%


Gross Earning 64,266.00 69,461.00 -7.48% Gross Earning 4,550.00 4,309.00 5.59%

Profit Before Tax 10,191.00 (50,783.00) 120.07% Profit Before Tax (104.52) (100.36) 4.15%

Taxation (1,949.00) 9,855.00 -119.78% Taxation 33.45 32.12 4.14%

Profit/Loss After Tax 8,241.00 (40,927.00) 120.14% Profit/Loss After Tax (71.07) (68.25) -4.15%

Fixed Assets 64,163.00 66,213.00 -3.10% Fixed Assets 6,399.00 6,271.00 2.04%

Treasury Bills 28,363.00 30,447.00 -6.84% Stock 1,468.00 1,925.00 -23.74%

Loans and Advances 400,101.00 387,802.00 3.17% Trade debtors 47.29 46.93 0.77%

Cash and Bank Balances 34,591.00 54,707.00 -36.77% Cash and Bank Balances 46.93 1,584.00 -97.04%


Deposits 629,228.00 556,781.00 13.01% Short Term Borrowing 2,102.00 2,246.00 -6.41%

Net Assets -108,433 -115,566 6.17% Other Credit Balances 2,182 3,994 -45.37%

Working capital -7.742 198.662 864.41%

Net Assets 6,522.00 6,626.00 -1.57%


Gross Earning 3,023.00 2,590.00 16.72% Gross Earning 8,671.00 2,627.00 230.07%Profit Before Tax 463.47 301.98 53.48% Profit Before Tax 803.98 (504.33) -259.41%

Taxation (220.80) 58.48 -477.57% Taxation (257.27) Nil 0.00%

Profit/Loss After Tax 242.67 360.46 -32.68% Profit/Loss After Tax 546.71 (504.33) -208.40%

Fixed Assets 999.46 1,831.00 -45.41% Fixed Assets 1,153.00 1,181.00 -2.37%

Short Term Investment 987.46 959.14 2.95% Stock/ Short Term Investme 505.61 356.33 41.90%

Trade debtors 1,464.00 1,836.00 -20.26% Trade debtors 980.50 1,024.00 -4.25%


Other Debit Balances 1,397.00 876.32 59.42% Other Debit Balances 6,201.00 6,313.00 -1.77%

Creditors 152.69 229.67 -33.52% Trade Creditors 1,299.00 1,005.00 29.25%

Insurance Funds 490.53 1,058.00 -53.64% Short Term Borrowing 610.16 1,141.00 -46.52%

Other Credit Balances 375 237 58.08% Other Credit Balances 3,233 3,543 -8.75%

Working capital -7.742 198.662 864.41% Working capital -1036 -3289 -68.50%

Net Assets 3,973.00 4,081.00 -2.65% Net Assets 4,258.00 3,455.00 23.24%


Gross Earning 82,962.00 90,595.00 -8.43% Turover 2,427.00 2,007.00 20.93%

Profit Before Tax 25,722.00 8,325.00 208.97% Profit Before Tax 871.46 814.20 7.03%

Taxation (7,497.00) 432.61 -1832.98% Taxation (281.68) (263.18) 7.03%

Profit/Loss After Tax 18,224.00 8,758.00 108.08% Profit/Loss After Tax 589.77 551.03 7.03%

Fixed Assets 47,466.00 46,491.00 2.10% Fixed Assets 600.31 608.20 -1.30%

Stocks 85,948.00 36,936.00 132.69% Stocks 3,289.00 2,419.00 35.97%

Trade Debtors 560,484.00 563,488.00 -0.53% Trade Debtors 1,573.00 1,372.00 14.65%

Cash and Bank Balances 37,430.00 35,889.00 4.29% Cash and Bank Balances 259.84 323.52 -19.68%

Other Debit Balances 387,082.00 383,698.00 0.88% Other Debit Balances 1,842.00 2,213.00 -16.76%

Deposits 720,981.00 683,080.00 5.55% Trade Creditors 454.81 769.58 -40.90%

Other Credit Balances 201,030 191,177 5.15% Insurance Funds 1,433.00 1,471.00 -2.58%

Net Assets 196,402 192,245 2.16% Other Credit Balances 643.774 353.288 82.22%

Net Assets 5,034 4,343 15.91%

August 9th, 2010: GUARANTY TRUST BANK PLCSECOND QUARTER REPORT FOR THE PERIOD ENDED 30-JUN-10


http://www.proshareng.com/investors/company.php?ref=GUARANTY

August 9th, 2010: PRESTIGE ASSURANCE PLCSECOND QUARTER REPORT FOR THE PERIOD ENDED 30-JUN-10


http://www.proshareng.com/investors/company.php?ref=PRESTIGE


http://www.proshareng.com/investors/company.php?ref=NNFM

August 5th, 2010: IBTC PLC

SECOND QUARTER RESULT FOR THE PERIOD ENDED 30-JUN-10


http://www.proshareng.com/investors/company.php?ref=IBTC

August 5th, 2010: NORTHERN NIGERIA FLOUR MILLS PLC


Aug 6th, 2010: FIRST ALLUMINIUM NIGERIA PLCAug 6th, 2010: OCEANIC BANK INTERNATIONAL PLC



http://www.proshareng.com/investors/company.php?ref=OCEANIC


http://www.proshareng.com/investors/company.php?ref=FIRSTALUM


Aug 6th, 2010: CONSOLIDATED HALLMARK INSURANCE PLC

http://www.proshareng.com/investors/company.php?ref=ETERNAOIL


http://www.proshareng.com/investors/company.php?ref=HMARKINS

Aug 6th, 2010: ETERNA OIL PLC





28/65



Gross Earning 46,568.00 55,716.00 -16.42% Gross Earning 51,953.00 51,334.00 1.21%Profit Before Tax &

Extraordinary Items 5,518.00 (116,138.00) 104.75% Profit Before Tax 6,424.00 9,109.00 -29.48%

Extraordinary Items 250.00 - 0.00% Taxation (1,336.00) (1,578.00) -15.34%

Taxation (1,103.00) (192.50) 472.99% Profit/Loss After Tax 5,088.00 7,531.00 -32.44%

Profit/Loss After Tax 4,414.00 (116,331.00) 103.79%

Fixed Assets 39,520.00 42,664.00 -7.37%

Fixed Assets 11,651.00 14,777.00 -21.15% Treasury bills 19,521.00 27,430.00 -28.83%

Trade Debtors 118,405.00 118,224.00 0.15% Loans & Advances 332,620.00 316,664.00 5.04%

Cash and Bank Balances 81,569.00 73,641.00 10.77% Cash and Bank Balances 36,379.00 31,144.00 16.81%


Deposits 433,188.00 391,014.00 10.79% Deposits 491,124.00 450,187.00 9.09%

Other Credit Balances 154,008 144,094 6.88% Other Credit Balances 109,747 91,894 19.43%

Net Assets -254,118 -258,025 -1.51% Net Assets 95,210 88,086 8.09%


Gross Earning 2,758.00 2,016.00 36.81% Gross Earning 172,859.00 165,036.00 4.74%

Profit Before Tax 905.75 422.11 114.58% Profit Before Tax 10,836.00 5,273.00 105.50%

Taxation (187.62) (122.00) 53.79% Taxation (4,263.00) (1,464.00) 191.19%

Profit/Loss After Tax 718.13 300.11 139.29% Profit/Loss After Tax 6,573.00 6,737.00 -2.43%


Stock 837.38 1,107.00 -24.36% Stock 20,609.00 9,693.00 112.62%

Trade Debtors 186.57 327.72 -43.07% Trade Debtors 40,069.00 49,774.00 -19.50%

Cash and Bank Balances 582.59 1,335.00 -56.36% Cash and Bank Balances 11,514.00 25,760.00 -55.30%

Other Debit Balances 105.17 77.13 36.35% Other Debit Balances 83,179.00 89,722.00 -7.29%

Trade Creditors 82.36 1,132.00 -92.72% Trade Creditors 18,705.00 40,129.00 -53.39%

Short Term Borrowing 26.04 378.62 -93.12% Short Term Borrowing 49,899.00 140,474.00 -64.48%

Other Credit Balances 3,579.00 3,474.00 3.02% Other Credit Balances 143,708.00 72,739.00 97.57%

Working Capital 903 855 5.56% Working Capital -13,159 -93,150 -85.87%

Net Assets 3,341 2,623 27.37% Net Assets 78,268 53,520 46.24%



Profit Before Tax 2,712.00 1,897.00 42.96% Profit Before Tax 303.80 310.92 -2.29%Taxation (870.10) (599.32) 45.18% Taxation (97.22) (99.49) -2.29%

Profit/Loss After Tax 1,842.00 1,298.00 41.91% Profit/Loss After Tax 206.58 211.42 -2.29%


Stock 833.23 728.03 14.45% Stock 2,660.00 3,273.00 -18.73%

Trade debtors 1,285.00 1,220.00 5.33% Trade Debtors 459.39 440.57 4.27%

Cash and Bank Balances 759.86 1,394.00 -45.49% Cash and Bank Balances 259.79 55.39 369.03%

Other Debit Balances 2,318.00 2,366.00 -2.03% Other Debit Balances 6,997.00 8,309.00 -15.79%

Trade Creditors 179.75 1,414.00 -87.29% Trade Creditors 370.75 856.60 -56.72%

Short Term Borrowing 8.53 29.36 -70.95% Short Term Borrowing 3,965.00 4,516.00 -12.20%

Other Credit Balances 2,612 1,837 42.19% Other Credit Balances 3,712.00 3,553.00 4.48%

Working capital 2446 2428 0.74% Working Capital 5,271 6,000 -12.15%

Net Assets 4,631.00 3,848.00 20.35% Net Assets 10,069 9,766 3.10%


Gross Earning 42,968.00 85,065.00 -49.49% Gross Earning 1,137.00 1,072.00 6.06%

Profit Before Tax 2,458.00 (151,202.00) 101.63% Profit Before Tax 135.91 135.40 0.37%

Taxation (190.00) 41,869.00 -100.45% Taxation (43.49) (43.33) 0.37%

Profit/Loss After Tax 2,268.00 (109,333.00) 102.07% Profit/Loss After Tax 92.42 92.07 0.37%

Non Controlling Interest 188.00 2,805.00 -93.30%

Retained Earnings 2,456.00 (106,528.00) 102.31% Fixed Assets 219.43 230.01 -4.60%

Stock 654.72 772.50 -15.25%

Fixed Assets 55,919.00 55,835.00 0.15% Trade Debtors 255.89 256.20 -0.12%

Treasury bills 15,168.00 10,645.00 42.49% Cash and Bank Balances 104.22 55.05 89.31%

Loans & Advances 132,049.00 145,833.00 -9.45% Other Debit Balances 344.95 333.93 3.30%

Cash and Bank Balances 28,064.00 28,927.00 -2.98% Trade Creditors 70.04 325.75 -78.50%

Other Debit Balances 397,868.00 386,682.00 2.89% Short Term Borrowing 197.06 195.37 0.86%

Deposits 631,867.00 527,289.00 19.83% Other Credit Balances 340.31 257.39 32.21%

Other Credit Balances 273,477 380,750 -28.17% Working Capital 727 611 18.90%

Net Assets -377,628 -380,344 -0.71% Net Assets 972 869 11.81%

August 10th, 2010: OANDO PLC


August 10th, 2010: SKYE BANK PLC



http://www.proshareng.com/investors/company.php?ref=SKYEBANK

August 10th, 2010: PRESCO PLC


August 9th, 2010: AFRIBANK NIGERIA PLC



http://www.proshareng.com/investors/company.php?ref=AFRIBANK

August 11th, 2010: BAGCO PLC

FIRST QUARTER REPORT FOR THE PERIOD ENDED 30-JUN-10


http://www.proshareng.com/investors/company.php?ref=OANDO

Aug 10th, 2010: NATIONAL SALT COMPANY OF NIGERIA PLC



http://www.proshareng.com/investors/company.php?ref=PRESCO

http://www.proshareng.com/investors/company.php?ref=BAGCO


http://www.proshareng.com/investors/company.php?ref=NASCON

August 11th, 2010: PORTLAND PAINTS PLC



August 11th, 2010: INTERCONTINENTAL BANK PLC



http://www.proshareng.com/investors/company.php?ref=INTERCONT


http://www.proshareng.com/investors/company.php?ref=PORTPAINT


29/65



Gross Earning 144.56 201.98 -28.43% Gross Earning 270.33 369.23 -26.79%

Profit Before Tax (2.30) 5.21 -144.25% Profit Before Tax (20.45) 20.17 -201.42%


Profit/Loss After Tax (5.53) 0.98 -665.71% Profit/Loss After Tax (20.86) 14.45 -244.35%

Fixed Assets 407.31 416.35 -2.17% Fixed Assets 394.47 412.14 -4.29%Stock/ Short Term Investme 29.39 52.92 -44.46% Stock 83.74 82.38 1.65%

Trade Debtors 3.55 25.87 -86.26% Trade Debtors 90.19 72.38 24.61%



Trade Creditors 12.55 6.05 107.51% Trade Creditors 37.56 9.26 305.88%

Short Term Borrowing 37.55 2.76 1261.35% Short Term Borrowing - 0.34 -100.00%

Other Credit Balances 400.98 385.42 4.04% Other Credit Balances 119.06 114.88 3.64%

Working Capital 98 83 18.46% Working Capital 72 80 -8.83%

Net Assets 186 191 -2.89% Net Assets 436 465 -6.12%


Gross Earning 9,223.00 12,218.00 -24.51% Gross Earning 545.12 543.47 0.30%

Profit Before Tax (1,730.00) 670.97 -357.84% Profit Before Tax 133.26 204.64 -34.88%

Taxation 39.93 (59.63) 166.96% Taxation Nil Nil Nil

Profit/Loss After Tax (1,690.00) (730.60) -131.32% Profit/Loss After Tax 133.26 204.64 -34.88%


Investment 3.99 3.99 0.00% Stock 2,068.00 2,046.00 1.08%

Stock 7,692.00 7,038.00 9.29% Trade Debtors 3,827.00 2,997.00 27.69%

Trade Debtors 1,174.00 964.94 21.67% Cash and Bank Balances 273.74 576.52 -52.52%

Cash and Bank Balances 1,692.00 141.60 1094.94% Other Debit Balances 2,842.00 2,713.00 4.75%

Other Debit Balances 1,752.00 1,355.00 29.30% Trade Creditors 1,020.00 854.96 19.30%

Trade Creditors 931.35 1,266.00 -26.43% Other Credit Balances 1,174.00 663.97 76.82%

Short Term Borrowing 1,401.00 2,463.00 -43.12% Net Assets 7,140 7,106 0.48%

Other Credit Balances 8,769 3,484 151.69%

Working Capital 7,823 4,042 93.54%

Net Assets 4,837 6,537 -26.01%

http://www.proshareng.com/investors/company.php?ref=UNTL


Gross Earning 43,524.00 38,882.00 11.94% Gross Earnings 573.62 941.98 -39.11%

Profit Before Tax 4,813.00 3,174.00 51.64% Profit Before Tax 374.35 59.27 531.60%

Taxation (1,540.00) (952.50) 61.68% Taxation (119.79) (18.97) 531.62%

Profit/Loss After Tax 3,272.00 2,222.00 47.25% Profit/Loss After Tax 254.56 40.30 531.59%


Stock 15,395.00 10,271.00 49.89% Stocks 368.69 472.02 -21.89%

Trade debtors 4,249.00 4,264.00 -0.35% Trade Debtors 1,488.00 1,432.00 3.91%

Cash and Bank Balances 5,429.00 4,526.00 19.95% Cash and Bank Balances 568.64 690.99 -17.71%

Other Debit Balances 59,771.00 56,340.00 6.09% Other Debit Balances 799.56 189.41 322.12%

Trade creditors 13,605.00 7,335.00 85.48% Trade Creditors 922.05 1,344.00 -31.40%

Short Term Borrowing 5,429.00 13,105.00 -58.57% Other Credit Balances 851.00 850.26 0.09%

Other Credit Balances 52,513 31,348 67.52% Working Capital 1,504.00 1,251.00 20.22%

Working Capital 5,563.000 5,359 3.81% Net Assets 693.92 439.37 57.94%

Net Assets 38,659.00 35,384.00 9.26%


Gross Earning 11,941.00 10,050.00 18.82% Gross Earning 161.10 125.69 28.17%

Profit Before Tax 2,353.00 (4,214.00) 155.84% Profit Before Tax 124.90 87.31 43.05%

Taxation (44.78) (37.69) -18.81% Taxation Nil Nil 0.00%

Profit/Loss After Tax 2,308.00 (4,252.00) 154.28% Profit/Loss After Tax 124.90 87.31 43.05%


Stock 30,033.00 29,266.00 2.62% Cash and Bank Balances 556.42 943.64 -41.03%

Trade Debtors 18,394.00 15,902.00 15.67% Other Debit Balances 34.70 44.55 -22.11%

Cash and Bank Balances 10,105.00 6,520.00 54.98% Other Credit Balances 76 158 -52.05%

Other Debit Balances 135,308.00 87,240.00 55.10% Net Assets 2,505 2,422 3.43%

Trade Creditors 204,694.00 142,697.00 43.45%

Other Credit Balances 88,182 97,553 -9.61%

Net Assets -91,628 -93,936 -2.46%




August 16th, 2010: SKYE SHELTER FUND PLC



http://www.proshareng.com/investors/company.php?ref=SKYESHELT

Aug 12th, 2010: Flour Mills Nigeria Plc

August 12th, 2010: UNITED NIGERIA TEXTILE PLC



August 12th, 2010: RESORT SAVINGS & LOANS PLC



August 12th, 2010: THOMAS WYATT NIGERIA PLC August 12th, 2010: M ORISON INDUSTRIES PLC


http://www.proshareng.com/investors/company.php?ref=RESORTSAL

AUDITED REPORT FOR THE PERIOD ENDED 31-MAR-10 AUDITED REPORT FOR THE PERIOD ENDED 31-DEC-09


http://www.proshareng.com/investors/company.php?ref=MORISON


http://www.proshareng.com/investors/company.php?ref=THOMASWY



http://www.proshareng.com/investors/company.php?ref=FLOURMILL

August 13th, 2010: SPRING BANK PLC



http://www.proshareng.com/investors/company.php?ref=SPRINGBANK


30/65



Gross Earning 271.41 262.31 3.47% Gross Earning 148.58 84.73 75.37%

Profit Before Tax 34.38 32.30 6.44% Profit Before Tax 15.02 9.59 56.54%

Taxation 6.00 6.00 0.00% Current Taxation (4.83) (3.08) 56.85%

Profit/Loss After Tax 28.38 26.30 7.91% Profit/Loss After Tax 10.18 6.51 56.43%

Fixed Assets 268.47 258.29 3.94% Fixed Assets 27.38 19.71 38.92%

Stock 4.91 2.45 100.57% Trade Debtors 18.62 36.07 -48.38%

Trade Debtors 190.33 175.71 8.32% Stock 60.76 35.22 72.53%

Cash and Bank Balances (9.34) (8.46) 10.39% Cash and Bank Balances 0.51 0.97 -47.58%

Other Debit Balances 65.23 69.40 -6.02% Other Debtors & Prepay. 13.87 13.85 0.17%


Other Credit Balances 156 163 -4.41% Short Term Borrowing 27.98 15.49 80.63%

Working Capital 111 93 19.65% Related Company Balances 0.43 0.85 -49.29%

Net Assets 410 382 7.43% Taxation 13 11 14.99%

Working Capital 23 24 -4.25%

Deferred Taxation -3 -1 126.96%

Net Assets 48 42 12.21%

http://www.proshareng.com/investors/company.

2010 N'm 2009 N'm % Change 2010 N'm 2009 N'm % ChangeGross Earning 1,697.00 2,327.00 -27.07% Gross Earning 353.21 357.65 -1.24%

Profit Before Tax (369.32) (514.87) -28.27% Profit Before Tax 102.26 161.48 -36.67%

Taxation Nil Nil 0.00% Taxation (25.57) (32.30) -20.84%

Profit/Loss After Tax (369.32) (514.87) -28.27% Profit/Loss After Tax 76.70 129.18 -40.63%

Fixed Assets 3,763.00 3,696.00 1.81% Fixed Assets 1,619.00 1,631.00 -0.74%

Stock 6,409.00 7,042.00 -8.99% Stock 4,805.00 4,641.00 3.53%

Trade Debtors 1,235.00 1,088.00 13.51% Trade Debtors 592.47 953.51 -37.86%

Cash and Bank Balances 888.84 1,688.00 -47.34% Cash and Bank Balances 1,144.00 868.10 31.78%

Other Debit Balances 2,013.00 1,590.00 26.60% Other Debit Balances 982.08 899.86 9.14%

Trade Creditors 463.23 850.51 -45.54% Trade Creditors 265.51 147.28 80.27%

Short Term Borrowing 1,158.00 1,057.00 9.56% Short Tterm Borrowing 0.00 14.98 -100.00%

Other Credit Balances 8,880 9,015 -1.50% Insurance Fund 394.00 342.00 15.21%

Net Assets 3,836 4,206 -8.80% Other Credit Balances 104.23 298.71 -65.11%

http://www.proshareng.com/investors/company.php?ref=U Net Assets 8,380.00 8,191.00 2.31%


Gross Earning 3,428.00 3,055.00 12.21% Turnover 1,503 1,722 -12.7%

Profit Before Tax 336.08 (53.04) 733.59% Profit Before Tax (42.576) 334.640 -112.7%

Taxation (100.56) (13.46) 646.95% Taxation (26.175) (21.984) 19.1%

Profit/Loss After Tax 235.52 (66.51) 454.14% Profit/Loss After Tax (68.752) 312.656 -122.0%

Fixed Assets 718.38 732.27 -1.90% Fixed Assets 1,235 1,193 3.5%

Stocks 1,182.00 1,766.00 -33.07% Stock 1,057 1,514 -30.2%

Trade Debtors 483.48 309.57 56.18% Trade debtors 705.806 490.410 43.9%

Cash and Bank Balances 70.13 82.92 -15.41% Cash and Bank Balances 66.148 50.413 31.2%

Other Debit Balances 140.23 84.66 65.63% Other Debit Balances 1,592 1,574 1.1%

Trade Creditors 1,412.00 2,279.00 -38.04% Trade Creditors 46.168 38.485 20.0%

Short Tterm Borrowing 374.56 200.00 87.28% Other Credit Balances 370.682 387.842 -4.4%

Other Credit Balances 147.47 72.87 102.36% Net Assets 4,240 4,396 -3.5%

Working Capital -29.69 -270.11 -89.01%

Net Assets 659.94 424.42 55.49%

17 August , 2010: REGENCY ALLIANCE INSURANCE PLC



http://www.proshareng.com/investors/company.php?ref=REGALINS

August 17th, 2010: UNITY KAPITAL ASSURANCE PLC

August 16th, 2010: ADSWITCH PLCAugust 16th, 2010: TRANSNATIONWIDE EXPRESS PLC

AUDITED REPORT FOR THE PERIOD ENDED 30-APR-10


August 16th, 2010: UNITED NIGERIA TEXTILE PLC



http://www.proshareng.com/investors/company.php?ref=TRANSEXPR

http://www.proshareng.com/investors/company.php?ref=UNITYKAP


FIRST QUARTER REPORT FOR THE PERIOD ENDED 31-MAR-10FIRST QUARTER REPORT FOR THE PERIOD ENDED 31-MAR-10


August 17th, 2010: NAMPAK PLC

THIRD QUARTER REPORT FOR THE PERIOD ENDED 30-JUN-10


http://www.proshareng.com/investors/company.php?ref=NAMPAK


31/65



Turnover 644.615 585.548 10.1% Gross Earning 949.85 1,158.00 -17.98%

Profit Before Tax 82.415 164.064 -49.8% Profit Before Tax 61.53 605.21 -89.83%


Profit/Loss After Tax 76.234 150.174 -49.2% Profit/Loss After Tax 40.66 481.78 -91.56%

Fixed Assets 1,245 1,235 0.8% Fixed Assets 1,656.00 1,631.00 1.53%Investment 2,252 2,233 0.9% Short Term Investment 5,162.00 4,641.00 11.23%

Trade debtors 11.532 11.548 -0.1% Trade Debtors 1,182.00 953.51 23.96%


Other Debit Balances 1,103 1,110 -0.6% Other Debit Balances 895.18 899.86 -0.52%


Insurance funds 342.037 284.188 20.4% Short Tterm Borrowing 3.63 14.98 -75.79%

Other Credit Balance 97.452 86.493 12.7% Insurance Fund 528.36 342.00 54.49%

Net Assets 4,316 4,240 1.8% Other Credit Balances 283.02 298.71 -5.25%

Net Assets 8,264.00 8,191.00 0.89%


Turnover 956.493 919.112 4.1% Gross Earnings 1,054.00 2,514.00 -58.07%

Profit Before Tax 72.991 211.780 -65.5% Profit Before Tax 435.28 342.29 27.17%


Profit/Loss After Tax 67.881 198.014 -65.7% Profit/Loss After Tax 295.99 232.76 27.17%

Fixed Assets 1,235 1,235 0.0% Fixed Assets 57.19 38.45 48.76%

Stock/Short Term Investme 944 1,057 -10.7% Stocks 301.76 472.02 -36.07%

Debtors 13.529 11.548 17.2% Trade Debtors 1,639.00 1,432.00 14.46%


Other Debit Balances 2,524 2,286 10.4% Trade Creditors 1,049.00 1,344.00 -21.95%

Trade Creditors 25.673 46.168 -44.4% Other Credit Balances 699.52 850.26 -17.73%

Insurance funds 382.765 285.188 34.2% Working Capital 1,326.00 1,251.00 6.00%

Other Credit Balance 79.592 86.493 -8.0% Net Assets 683.71 439.37 55.61%

Net Assets 4,308 4,240 1.6%


Gross Earnings 2,016.00 1,776.00 13.51% Gross Earnings 5.80 6.15 -5.63%

Profit Before Tax 182.85 133.69 36.77% Profit Before Tax (9.79) (8.53) -14.77%

Taxation (47.82) (39.96) 19.67% Taxation Nil Nil 0.00%

Profit/Loss After Tax 135.03 93.73 44.06% Profit/Loss After Tax (9.79) (8.53) -14.77%

Fixed Assets 1,059.00 526.54 101.12% Fixed Assets 18.68 22.39 -16.56%

Stocks 429.80 449.65 -4.42% Stocks 276.42 1.02 26893.85%

Trade Debtors 362.33 286.69 26.39% Trade Debtors 0.21 0.43 -51.16%


Other Debit Balances 157.46 191.59 -17.82% Working Capital (63.70) (57.61) 10.57%

Trade Creditors 46.10 25.87 78.16% Net Assets (35.22) (32.74) 7.58%

Short Term Borrowings 158.45 181.60 -12.75%

Other Credit Balances 1,254.00 812.19 54.40%

Working Capital 144.80 139.53 3.78%

Net Assets 157.46 191.59 -17.82%


19th AUGUST, 2010 ABPLAST PRODUCTS PLC

SECOND QUARTER RESULTS FOR THE YEAR ENDED 30-JUN-2009


http://www.proshareng.com/investors/company.php?ref=ABPLAST


http://www.proshareng.com/investors/company.php?ref=ACADEMY


THIRD QUARTER REPORT FOR THE PERIOD ENDED 30-JUN-10





August 17th, 2010: UNITY KAPITAL ASSURANCE PLC



http://www.proshareng.com/investors/company.php?ref=UNITYKAP




August 19th, 2010: ACADEMY PRESS PLC





32/65



Gross Earning 43.07 32.10 34.18% Gross Earning 43.07 32.10 34.18%

Profit Before Tax (3.88) (7.52) -48.46% Profit Before Tax (3.88) (7.52) -48.46%

Taxation (0.25) (0.25) 0.00% Taxation (0.25) (0.25) 0.00%

Profit/Loss After Tax (4.13) (7.77) -46.90% Profit/Loss After Tax (4.13) (7.77) -46.90%

Fixed Assets 405.05 407.31 -0.56% Fixed Assets 405.05 407.31 -0.56%Stock 44.04 29.39 49.83% Stock 44.04 29.39 49.83%



Other Debit Balances 153.28 193.34 -20.72% Other Debit Balances 153.28 193.34 -20.72%

Trade Creditors 17.51 12.55 39.53% Trade Creditors 17.51 12.55 39.53%

Short Term Borrowing 36.52 37.55 -2.75% Short Term Borrowing 36.52 37.55 -2.75%

Other Credit Balances 373.83 400.98 -6.77% Other Credit Balances 373.83 400.98 -6.77%

Working Capital -216 -222 -2.67% Working Capital -216 -222 -2.67%

Net Assets 189 186 1.98% Net Assets 189 186 1.98%



Profit Before Tax (41.23) 159.36 -125.87% Profit Before Tax 652.32 433.04 50.64%

Taxation (11.06) (44.62) -75.22% Taxation Nil Nil 0.00%

Profit/Loss After Tax (52.32) 114.74 -145.60% Profit/Loss After Tax 652.32 433.04 50.64%


Stock 120.06 160.51 -25.20% Stock 250.99 229.29 9.47%


Cash and Bank Balances (32.97) 357.44 -109.22% Cash and Bank Balances 521.04 463.22 12.48%

Other Debit Balances 218.24 844.06 -74.14% Other Debit Balances 2,000.00 1,940.00 3.09%


Other Credit Balances 1,825.00 2,069.00 -11.79% Other Credit Balances 2,473.00 2,241.00 10.35%

Working Capital -588 -243 141.63% Working Capital 2,447 2,312 5.84%

Net Assets 1,695 1,752 -3.25% Net Assets 3,028 4,043 -25.11%


Gross Earning 8,845.00 6,761.00 30.82% Gross Earning 18.76 35.17 -46.66%

Profit Before Tax 119.80 252.95 -52.64% Prior Year Adjustment Nil 0.31 0.00%

Taxation (37.13) (83.47) -55.51% Profit Before Tax (10.74) (4.03) -166.66%

Profit/Loss After Tax 82.67 169.48 -51.22% Taxation (0.18) Nil 0.00%

Profit/Loss After Tax (10.92) (3.71) -194.05%

Fixed Assets 1,259.00 1,130.00 11.42%

Stock 4,834.00 3,552.00 36.09% Fixed Assets 1,143.00 1,148.00 -0.44%

Trade Debtors 1,309.00 1,886.00 -30.59% Stock 2.73 41.76 -93.46%




Short Term Borrowing 2,123.00 2,160.00 -1.71% Working Capital 3 46 -94.09%

Other Credit Balances 3,419.00 2,745.00 24.55% Net Assets 1,146 1,194 -4.02%

Working Capital 1,242 1,030 20.58%

Net Assets 1,951 1,868 4.44%


Gross Earnings 39.03 62.18 -37.24% Gross Earnings 126.02 113.93 10.61%

Profit Before Tax (9.83) 3.60 -372.88% Profit Before Tax (4.74) (11.53) -58.86%

Taxation 3.15 (1.16) -372.15% Taxation 1.52 3.69 -58.86%

Profit/Loss After Tax (6.69) 2.45 -372.90% Profit/Loss After Tax (3.23) (7.84) -58.86%

Fixed Assets 390.67 394.47 -0.96% Fixed Assets 380.24 394.47 -3.61%

Stocks 77.85 83.74 -7.04% Stocks 75.41 83.74 -9.95%

Trade Debtors 81.35 90.19 -9.80% Trade Debtors 101.26 90.19 12.27%

Cash and Bank Balances 5.14 8.03 -35.92% Cash and Bank Balances 11.11 8.03 38.34%

Other Debit Balances 19.07 16.68 14.36% Other Debit Balances 19.52 16.68 17.05%


Other Credit Balances 128.90 120.59 6.89% Other Credit Balances 118.31 120.59 -1.90%

Working Capital 68.09 70.97 -4.05% Working Capital 83.84 70.97 18.15%

Net Assets 431.51 436.48 -1.14% Net Assets 436.59 436.48 0.03%

August 20th, 2010: ELLAH LAKES PLC

AUDITED REPORT FOR THE PERIOD ENDED 31-JUL-09


http://www.proshareng.com/investors/company.php?ref=ELLAHLAKES


August 20th, 2010: MORISON INDUSTRIES PLC




August 20th, 2010: MORISON INDUSTRIES PLC




August 19th, 2010: AVON CROWN CAP PLC

THIRD QUARTER REPORT FOR THE PERIOD ENDED 31-DEC-09


http://www.proshareng.com/investors/company.php?ref=AVONCROWN


http://www.proshareng.com/investors/company.php?ref=ABCTRANS


http://www.proshareng.com/investors/company.php?ref=CAPHOTEL

August 19th, 2010: THOMAS WYATT NIGERIA PLC




August 19th, 2010: ASSOCIATED BUS COMPANY PLC



August 19th, 2010: THOMAS WYATT NIGERIA PLC



August 19th, 2010: CAPITAL HOTELS PLC


33/65



Gross Earning 3,257.00 2,961.00 10.00% Gross Earnings 1,164.00 1,126.00 3.37

Profit Before Tax 1,055.00 1,321.00 20.14% Profit Before Tax 400.62 503.35 (20.41)

Taxation (58.27) (41.71) 39.72% Taxation (52.08) (63.15) 17.53

Profit/Loss After Tax 997.61 1,280.00 -22.06% Profit/Loss After Tax 348.54 440.20 (20.82)

Fixed Assets 2,926.00 2,961.00 -1.18% Fixed Assets 565.51 459.86 22.97Stock 3,717.00 3,626.00 2.51% Trade Debtors 6,213.00 5,322.00 16.74

Trade

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Monthly NCM Report for Aug 2010 - Proshare

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