BusinessDay 21 Sep 2017

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Thursday 21 September 2017 18 BUSINESS DAY C002D5556 I NVESTOR Helping you to build wealth & make wise decisions Union Bank N50bn Rights Issue opens Th e subscription for N50 billion Rights Issue by Union Bank of Nigeria Plc commenced yesterday Wednesday September 20 and will close on Monday, October 30, 2017. Union Bank is offering 12.1 billion ordinary shares of 50 kobo each at N4.10 per share on the basis of five new shares for every seven (5 for 7) shares held as at August 21, 2017. “ W i t h t h e commencement of the Rights Issue subscription, we have now officially entered a new phase of our transformation where we will be focused on accelerating business growth to deliver on our Neimeth, Skye, May & Baker, Flourmills, Honeywell, Oando stocks worst hit Investors in the shares of two major pharmaceutical companies – Neimeth International Pharmaceuticals Plc and May & Baker Nigeria Plc as well as those holding the shares of Skye Bank Plc, Flour Mills of Nigeria Plc, Honeywell Flour Mills Plc, and Oando Plc were worst hit in last week’s record loss in excess of N300billion. In the trading week to September 15, 2017, twenty-three (23) equities appreciated in price, lower than twenty-eight (28) in the preceding trading week. Forty-five (45) equities depreciated in price, higher than thirtyeight (38) equities in the preceding trading week, while 104 equities remained unchanged lower than 105 equities recorded in the preceding week. objective of becoming one of Nigeria’s leading financial institutions,” said the bank’s Chief Executive Officer, Emeka Emuwa. Following a roadshow held in Enugu last week, the bank plans shareholder forums The Nigerian Stock Exchange (NSE) All- Share Index (ASI) and Market Capitalisation depreciated by 2.65percent and 2.63percent to close the review week at 35,005.57 points and N12.068 trillion respectively, against week open level of 35,957.24 points and N12.393 trillion. The value of listed Nigerian equities lost about N325billion last week. Neimeth I n t e r n a t i o n a l Pharmaceuticals Plc declined most by 13kobo or 15.66percent as its share price dropped from 83kobo to 70kobo. Also on the top losers table in the trading week to September 15 is Skye Bank Plc which lost 7kobo or 11.86 percent of its week-open share price. The bank share price declined from 59kobo to 52kobo. May & Baker Nigeria Plc lost 32kobo or 10.67percent, which will hold in Lagos, Port-Harcourt and Abuja this month. The commencement of the Rights Issue comes on the heels of all necessary regulatory approvals from the Nigerian Stock Exchange (NSE) and Securities and …in last week N300bn market loss IHEANYI NWACHUKWU from N3 to N2.68. Flour Mills of Nigeria Plc lost N2.60 or 8.67percent of its week-open price from N30 to N27.40. Linkage Assurance Plc declined from 64kobo to 59kobo, which represents 5kobo loss or 7.81percent decline. Honeywell Flour Mills Plc share price lost 15kobo or 7.32percent in one week, from N2.05 to N1.90; while Oando Plc share price declined by 46kobo or 7.07percent, from N6.51 to N6.05. Presco Plc lost N4.49 or 6.91percent, from N64.98 to N60.49. Lafarge Africa Plc share price declined from N52.77 to N49.97, down by N2.80 or 5.31percent. Unity Bank Plc lost 3kobo or 5.26 percent in one week, from 57kobo to 54kobo. N.E.M Insurance Company (Nigeria) Plc gained most by 19kobo or 19percent, Exchange Commission (SEC). Chapel Hill Advisory Partners Limited is Lead Issuing House to the Rights Issue; while FSDH Merchant Bank Limited and Stanbic IBTC Capital Limited are Joint Issuing Houses. from N1 to N1.19; C & I Leasing Plc increased by 13kobo or 12.26percent, from N1.06 N1.19. International Breweries Plc gained N3.38 or 9.50percent, from N35.57 to N38.95. Newrest ASL Nigeria Plc gained 54kobo or 9.06percent, from N5.96 to N6.50. UAC of Nigeria Plc gained 85kobo or 5.82percent, from N14.60 N15.45. Transnational Corporation of Nigeria Plc gained 7kobo or 5.56percent, from N1.26 to N1.33. Okomu Oil Palm Plc rose by N3.50 or 5.56percent, from N63 or N66.50. Cutix Plc gained 13kobo or 5percent, from N2.60 to N2.73. Seplat Petroleum Development Company Limited gained N22.89 or 5percent, from N457.90 to N480.79. Transcorp Hotels Plc share price rose by 34kobo or 4.95percent last week, from N6.87 to N7.21. Accessing market information to guide investing It is generally accepted that the capital market is a near accurate representation of a Perfect Competition Market Structure; a market structure which posits that firms cannot control the market price of their product as price is actively determined by demand and supply. It also states that complete information about a product is readily available to all market participants at the same time. This generally ensures fairness and reduces the chances of customer exploitation. In the Nigerian stock market, investors are provided with several avenues through which they can access market information. A notable example of this is The Nigerian Stock Exchange, which makes announcements, annual financial reports, quarterly financial reports, trading statistics, report of unscheduled material events or corporate changes and other information about the operations of publicly traded companies available to stakeholders via its website. Market data are also disseminated to market participants through NSE’s trading platform, X-GEN, alongside other authorized data vendors. Information on the compliance status of listed companies is a key factor in the decision making process of any investor, and the NSE provides this information to investors through the X-Compliance Report on its website. This report provides compliance related information on all NSE listed companies and is updated by close of business every Friday. Information in the report includes early filers of audited accounts, delinquent filers of audited accounts and quarterly reports, companies slated for delisting or restructuring, companies in breach of NSE listing rules, companies who have been granted waivers on the free float requirement of the Exchange and company financials, and can also be viewed as an indicator of the level of corporate governance in listed companies. In 2016, The Exchange took a further step to introduce Compliance Status Indicators (CSI), a three character code displayed on the ticker tape which indicates the compliance status of a listed company at any particular point in time. To view the X-Compliance report, please visit the NSE website and mouse over the issuers’ link on the main navigation and then click X-Compliance under the Corporate Disclosure sub menu. When Companies release financial reports, the information is disseminated through X-Gen and it is generally made available to market participants. It can also be obtained from NSE authorized Market Data Vendors. On the NSE website, this information can be gotten from the company results tab under the Corporate Disclosure sub menu. The NSE website also provides trading statistics on a real time basis. Investors looking to engage the services of a stockbroking house can also access the website for up to date information on the firm. Finding a dealing member has been made easy as all an investor needs to do is mouse over the Dealing member tab on the main navigation menu and then proceed to click on dealing member directory. This provides a list of all dealing members and their status. It is important to note the status when selecting a dealing member to avoid transacting business with firms that have been deregistered. To further ensure investors have all the information needed, the NSE created the ‘BrokerTrax’. BrokerTrax is a compliance report on the dealing members of the NSE and can be accessed on the NSE website. This report contains information on blacklisted firms, firms involved in unauthorized sales of investors’ shares, firms who are not compliant with the Minimum operating Standards, etc. Other reports such as the Top Ten Brokers performance reports can also be accessed on the NSE website. The Nigerian Stock Exchange is committed to bridging the information gap between The Exchange and market participants having taken into account the fact that the stock market thrives on information. However, when making investment decisions, investors are advised to weigh their risks appetite and consult a licensed broker.
Thursday 21 September 2017 C002D5556 BUSINESS DAY 19 Retail & Consumer Business Luxury Malls Companies Deals Spending Trends Saint-Gobain targets Nigerian market …promise consumers innovative solutions Stories by CHINWE AGBEZE Saint-Gobain, a world leader in the habitat and construction markets, says it is set to expand its market share in Nigeria. The company disclosed this at a one-day workshop with the theme, ‘Creating great living spaces: Innovative solutions for greater wellbeing’ organized for stakeholders in the industry held at the Renaissance hotel, Ikeja GRA, Lagos recently. Created over 350 years ago, Saint- Gobain made a total net sales of £39.1 billion in 2016 and operates in 67 countries with more than 170, 000 employees. ‘‘Saint-Gobain has come a long way in mastering the art of designing high quality plasterboards to suit all categories of customers,’’ said WesttarKapito, regional director, Saint-Gobain. The event which was packaged to showcase Saint-Gobain’s innovative products with a demonstration of the techniques of mounting and finishing plasterboards from start to finish had Architects, civil engineers, installers, major distributors and professional bodies in attendance. ‘‘Our products are reliably made with the finest raw materials you can get anywhere in the world, and they can indeed stand the test of time. We are here in Nigeria to replicate what we have achieved in other markets,” said Kapito. The workshop provided a unique opportunity for the company to interact with various professionals L-R :Umeojiaka Kingsley, managing director, Tormek Global Services Limited; Heidi Olivier, senior product manager, Saint-Gobain; Ifeanyi Udeogu, chairman, Tormek Global Services Limited; WesttarKapito, regional director, Saint-Gobain; Nicolas Fuchs, technical marketing manager, Saint- Gobain and Francois Accambray, development manager, Africa, Saint-Gobain; during Saint-Gobain’s stakeholders workshop in Lagos recently. who use Saint-Gobain products and services in the course of doing their jobs and also bring them up to speed with the company’s latest offering in the market. According to the company, the entrance of Saint-Gobain into the Nigerian market with its modern innovative technologies in making plasterboards and other construction materials would be of immense benefits to stakeholders and the entire construction sector which is currently in dire need of innovative technologies to drive the industry. ‘‘Consumers can be rest assured that Saint-Gobain’s range of products would offer them a new value chain in the long run,’’Kapito added. Attesting to the expertise of Saint- Gobain, Ahmed Tajudeen, executive director, Avalon Intercontinental, owners of Renaissance hotel, who was one of the guests at the workshop, said it was a great experience having Saint-Gobain as part of the finishing of the hotel, which today stands tall as one of the best hotels in Lagos. He said, ‘‘The company helped in designing and also provided an installation team for all materials required including gypsum boards, walls, ceilings, cross and main tee, insulation, finishing solutions, flooring solutions. ‘‘Saint-Gobain brought specific solutions matching our needs such as standard regular boards for ceilings, firestop boards for corridor walls and bedrooms, moisture resistant boards for wet areas like bathroom and kitchen walls, and glass wool insulation for acoustic performance in walls and ceilings.’’ Continuing, Tajudeensaid, ‘‘In the course of the project Saint- Gobain flew some of their personnel all the way from South Africa to train our men in Nigeria, which for me is quite remarkable. Saint- Gobain supplied virtually everything from the kitchen finishing, to the bathroom down to the nails. It is on that ground that I highly recommend Saint-Gobain brand to everyone.” This global company is reputed for contributing to the development of sub-Saharan Africa in offering an array of its products and services. Saint-Gobain’s range of products has become part of everyday living, making up public and private buildings, transportation system, massive infrastructure and most industrial hubs around the world. Their products and activity scope include; plasterboards systems, building plasters, industrial plasters, gypsum ceilings and mineral wool & metal ceiling, mortars, insulation, pipe systems, glass, and abrasives. Heidi Olivier, senior product manager, Saint-Gobain Gyproc, who also spoke at the event, said, “Nigeria is no doubt the biggest market in sub-Saharan-Africa, and as such we are happy to be here to expand our business scope in partnership with our major distributor of Gyproc plasterboards in the country.’’ Speaking further, she said Saint- Gobain has made a name for itself in the industry with the production of high quality plasterboards which are second to none in the industry and that has earned it a lot of recognition globally. Over the years Saint-Gobain has built a reputation for itself creating a unique positioning through its industrial and distribution expertise, as well as up scaling its research effort in the area of materials and energy efficiency. It has also mastered the art of creating a network of professionals using its existing distribution network team across the world. The company says it will hold another event for installers before the end of 2017 and also disclosed plans to open a customer experience centre in Lagos soon. Saint-Gobain is in partnership with Tormek Global Services limited, a major dealer in Gyproc plasterboard in Nigeria, with its showroom located in Yaba area of Lagos State. Godrej launches leading US hair care brand ProfectivMegaGrowth in Nigeria …announces Tiwa Savage as brand ambassador ProfectivMegaGrowth, an iconic brand from the Strength of Nature family which has a stellar history of providing exceptional and effective hair care products for African women across the globe, has launched operations in Nigeria through Godrej Nigeria Limited, a leading Nigerian FMCG company. In its continuing endeavour to celebrate Nigerian women and provide worldclass hair solutions, the company showcased the innovative Crème on Crème No lye relaxer which offers superior hair manageability at accessible prices. Strength of Nature’s team of scientists and cosmetologist have worked over years to identify the fundamental causes of hair and scalp damage in order to understand how to prevent and treat it. Their extensive research helped them identify the most nourishing and strengthening ingredients which make ProfectivMegaGrowth range the perfect solution to counter the daily stresses of heat styling, weaves, hair color and hair style transitions. With this collaboration, Godrej Nigeria Limited, which is already one of the leaders in the hair extensions category in Nigeria will become one of the first Nigerian companies to offer end to end hair solutions. ProfectivMegaGrowth announced Tiwa Savage, the award winning Nigerian Musician as its brand ambassador and also unveiled its first ever TVC starring her. The Nigerian icon epitomizes the attitude and confidence that is synonymous with the brand. Excited to be part of this association, Tiwa Savage said “I am thrilled to be associated with MegaGrowth, a brand that is loved across the entire African continent. The team at ProfectivMegaGrowth are true hair experts who understand the importance of hair for African women. I admire the fact that this brand celebrates Strong and Beautiful women”. During the press conference held in Lagos, Mario de la Guardia, President and Founder of Strength of Nature said, “Our vision and commitment is to provide the highest quality, most innovative hair care products that meet the diverse needs of our consumers worldwide. “While we have made significant strides in achieving this vision in the US, our strategic global partnership with Godrej representing our brand provides us with a unique opportunity to better serve the huge number of potential consumers outside the US, especially in Africa. The synergies between our strong L-R: Rakesh Sharma, head of Sales, Godrej Nigeria; Prashant Chacko, head of Marketing, Africa; Tiwa Savage, MegaGrowth Brand Ambassador; Mario de la Guardia, President/Founder, Strength of Nature and AyodeleOtujinrin, marketing manager, Godrej Nigeria. US platform and Godrej’s African footprint are compelling, as is our shared commitment to excellence and innovation for the betterment of our employees, consumers and communities.” Talking about the launch, Prashant Chacko, Marketing Head – Godrej Africa, said “We at Godrej are here to celebrate the indomitable spirit of Nigerian women. We appreciate the role that they are playing in the transformation of the country and also understand the importance of great hair to them. ProfectivMegaGrowth is here to support them in their journey of personal transformation by offering them superior products which promote strong and beautiful hair.” ProfectivMegaGrowth was introduced to the press at a Landmark Event Center on Saturday, September 9th, 2017, after which a launch party was held at the same venue.
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BusinessDay 21 Sep 2017

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