Newdevco Investments & Securities Limited

ALIKO DANGOTE Resigns from Board of DANGFLOUR as Tiger Brands Decides Against Further Financial Support.

Tiger Branded Consumer Goods Plc (Formerly Dangote Flour Mills Plc) has filed the following notification to The Nigerian Stock Exchange:

“Interim Announcement”

“Shareholders are advised that Tiger Brands Limited has informed the Board of Directors of Tiger Branded Consumer Goods Plc that Tiger Brands Limited has reached a decision not to provide any further financial support with respect to its investment in Tiger Branded Consumer Goods Plc.

Tiger Brands Limited has also informed the Board of Tiger Branded Consumer Goods Plc that it is currently exploring various alternatives with regard to its investment in Tiger Branded Consumer Goods Plc.

Shareholders are also advised that Alhaji Aliko Dangote, Mr. Olakunle Alake, Mr. Asue Ighodalo and Mr. Arnold Ekpe have resigned their appointments as directors of Tiger Branded Consumer Goods Plc.

The Board of Directors of Tiger Branded Consumer Foods Plc is considering the implications of these developments for the Company, and further information will be communicated in due course.

In the meantime, shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement is released."

5 Weekly Stock Picks -

Monday, November 16, 2015’

NSE Weekly Market Performance

The NSE All-Share Index and Market Capitalization depreciated by 1.14% to close the week at 28,841.67 and N9.915 trillion respectively. Similarly, all other Indices finished lower during the week with exception of NSE Insurance and NSE Lotus Islamic Index that chalked up by 0.93% and 0.17% respectively, while NSE ASeM Index closed flat.

Commentary

Champion Breweries makes its debut on the top 5 this week and claims the top spot. The small sized brewer attracted investor’s attention after its acquisition by Global brewery giant, Heineken, and the contract brewing arrangement in place with Nigeria Breweries as well as the injection of fresh capital has given the company a new lease of life.

The Company has turned the corner and is back to profitability after over 5years of consistent losses declared. Even though this Company doesn’t not totally fit the profile of companies that make our top- 5 because of the lack of dividend history. We have however made an exceptional waiver because of the expected upside momentum.

UBA claims the second spot on the table this week. This is yet another company making its debut on our top 5. The bank has shown some consistency since the beginning of this year. We were particularly concerned about the bank’s capital adequacy in the past, but are impressed by the progressive growth in the bank’s shareholders fund since the beginning of the year.

Dangote Cement claims the third spot on the GTI 5 for this week. The company controls about 80% of the cement market in Nigeria and has made major in routes into other African countries. The recent announcement of a slash in cement price as well as the tightening margins due to the tax element on some of its production lines which previously enjoyed the 5year moratorium for expansion projects (including the economic parameter which has generally affected the market) has increased the stocks volatility in the recent past. However, our long term estimates for the firm are still realizable for its share market dominance.

Zenith Bank claims the fourth spot this week. The top tier lender has shed some value following the bearish sentiments that has prevailed over the Nigerian capital market.

GT Bank grabs the fifth spot this week. The bearish trend in the market has opened up a good entry window for the stock.

Bearish run persists as investors remain cautious

Wednesday November 04, 2015.

The equities market closed today on a negative note, as NSE ASI depreciated by 0.07% to close at 29,032.44basis points, compared with the 0.29% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 16.23%

Market breadth closed negative as OANDO led 18gainers against 27losers topped by MOBIL at the end of today’s session- an improved performance when compared with previous outlook.

Market turnover closes positive as volume moved up by 8.90% against 45.88% decline recorded in the previous session. ACCESS, ETI and ZENITHBANK were the most active to boost market turnover. ETI and ZENITHBANK top market value list.

CONOIL leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

Bears increase pressure, stocks end with two (2) losers to every gain

Tuesday November 03, 2015.

The equities market closed today on a negative note, as NSE ASI depreciated by 0.29% to close at 29,052.87basis points, compared with the 0.14% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 16.17%

Market breadth closed negative as LEARNAFRCA led 14gainers against 28losers topped by
IKEJAHOTEL at the end of today’s session- an improved performance when compared with previous outlook.

Market turnover closes negative as volume declined by 45.88% against 49.56% uptick recorded in the previous session. UBA, LAWUNION and FBNH were the most active to boost market turnover. FBNH and GUARANTY top market value list.

MANSARD leads the list of active stocks that recorded impressive volume spike at the end of today’s session.