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Insider Dealings: Top Insider Trading by Executives in Recent Weeks



Stock - Investors King

Latest Insider Trading by Top Executives in Recent Weeks

Here is a complete list of all the recent inside dealings by top executives on Nigeria’s listed companies. The total purchases, total amount and date of purchases.

United Capital Plc Insider Dealings

The United Capital Plc announced that Sunny Anene, the Group Executive Director of the company bought 356,820 shares from the company at N4.11 per share on October 30, 2020.

On November 2, Anene purchased another 558,754 units at N4.08 per share.

While, Emanuel Nnorom/VINE Foods Limited 2, a related company, acquired an additional 500,000 shares at N4.12 a piece on November 2, 2020.

Another related company, Peter Ashade/ARTOL INVESTMENT COMPANY LIMITED, purchased 1,780,000 units at N 4.08 per share.

The Initiates Plc Insider Dealings

DVCF Oil & Gas Plc, a substantial shareholder, sold 1,000,000 shares of The Initiates Plc at 0.57 a unit on September 9, 2020.

The company sold another 2,266,000 shares of The Initiates at 0.57 per unit on September 8, 2020.

It sold another 50 units at 0.57 apiece on October 26, 2020.

DVCF Oil & Gas Plc has been selling its stake in The Initiates Plc since the beginning of the year, there may be more to it given the mannerism and style of those sales.

VitaFoam Nigeria Plc Insider Dealings

Dr. B. O. Makanjuola, a non-executive director of Vitafoam Nigeria Plc, purchased 63,798 shares of Vitafoam at an aggregate price of N5.90 on September 23, 2020.

In the statement sent to the Nigerian Stock Exchange, the deal was done in two transactions. Makanjuola bought 25,000 units at N5.90 kobo and another 38,798 shares at N5.90 kobo on the same day.

On October 5 and 6, Makanjuola acquired 83,544 shares of vitaform in six transactions at an aggregate price of N5.90 kobo each.

Again, Makanjuola purchased 257 shares at N5.90 kobo each on October 7, 2020.

Caverton Insider Dealings

Molar Vessels Supplies Limited with three directors, Rotimi Makanjuola -MD Caverton Helicopters Limited, Lolade Abiola – Director Caverton Helicopters Limited and Yoyinsola Makanjuola -Wife of Chairman Caverton Offshore Support Group Plc sold 50,000,000 units at 1.80 per share and 19,000,000 units at N1.75 per unit. Bringing total sales to 69,000,000 ordinary shares at an average price of N1.78 per share on October 7, 2020.

First Bank Plc Insider Trading

Chief Risk Officer, First Bank Limited, Olusegun Alebiosu, purchased 1,360,514 shares of the bank on September 24, 2020.

In the disclosure statement released through the Nigerian Stock Exchange, the CRO carried out the deal in two transactions.

Alebiosu bought 42,979 shares at N5.15 per unit and another 1,137,535 shares at N4.95 each to bring total purchases to 1,360,514 shares or N6.871 million. See the details below.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

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Nigerian Stock Exchange

Stock Market Closes Flat on Tuesday as Activities Drop



Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) closed flat on Tuesday after posting a N27 billion gain on Monday.

Investors exchanged 353,233,206 shares estimated at N5.569 billion in 5,322 transactions during the trading hours of Tuesday, against 674,498,620 shares worth N7.591 billion that were traded in 5,432 deals on Monday.

The NGX All-Share Index closed flat at 41,814.94 index points on Tuesday. Similarly, the market value of all listed equities remained unchanged at N21.821 trillion.

FBN Holdings continue to lead the most traded stocks with 73062391 shares worth N906,754,975.05 on Tuesday. This was followed by GTCO Plc’s 25039191 shares valued at N715,262,785.80 following a healthy financial statement released for the third quarter ended September 30, 2021, on Tuesday. GTCO’s profit after tax rose by 4.11 percent to N49.986 billion.

Universal Insurance led gainers with N0.02 or 10 percent gain to close at N0.22 a share. University Plc emerged second with N0.15 or 10 percent increase to settle at N1.65 a unit. See other details below.

Top Five Trades

Symbols Last Close Current Change %Change
UNIVINSURE N 0.20 N 0.22 0.02 10.00 %
UPL N 1.50 N 1.65 0.15 10.00 %
COURTVILLE N 0.41 N 0.45 0.04 9.76 %
ABBEYBDS N 0.86 N 0.94 0.08 9.30 %
INTBREW N 4.85 N 5.30 0.45 9.28 %

Top Fiver Losers

Symbols Last Close Current Change %Change
ABCTRANS N 0.34 N 0.31 -0.03 -8.82 %
FTNCOCOA N 0.48 N 0.45 -0.03 -6.25 %
CUTIX N 6.40 N 6.05 -0.35 -5.47 %
NGXGROUP N 20.60 N 19.65 -0.95 -4.61 %
SOVRENINS N 0.24 N 0.23 -0.01 -4.17 %

Top Five Trades

Symbols Volume Value
FBNH 73062391.00 906754975.05
GTCO 25039191.00 715262785.80
UNIVINSURE 22770945.00 4919056.91
UBA 20331377.00 171208252.90
TRANSCORP 18437370.00 18864207.86

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Nigerian Stock Exchange

Nigerian Stock Market Gains N27 Billion on Monday



Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) opened the week in green as more stocks extended their gains on Monday.

Market value of all listed stocks rose by N27 billion from N21.794 trillion it closed on Friday to N21.821 trillion on Monday. While the NSE All-Share Index appreciated by 0.12 percent to 41,814.74 index points, up from 41,763.26 index points it closed on Friday.

Investors traded 674,498,620 shares worth N7.591 billion in 5,432 transactions during the trading hours of Monday.

PZ led gainers with N0.55 or 9.32 percent to close at N6.45 per share. This was followed by Mutual Benefits Assurance Plc with N0.02 or 7.14 percent to settle at N0.30 a unit. See other details below.

Top Five Gainers

Symbols Last Close Current Change %Change
PZ N 5.90 N 6.45 0.55 9.32 %
MBENEFIT N 0.28 N 0.30 0.02 7.14 %
UNILEVER N 14.50 N 15.50 1.00 6.90 %
MANSARD N 2.31 N 2.46 0.15 6.49 %
CUTIX N 6.05 N 6.40 0.35 5.79 %

Top Five Losers 

Symbols Last Close Current Change %Change
ABBEYBDS N 0.95 N 0.86 -0.09 -9.47 %
PRESTIGE N 0.47 N 0.43 -0.04 -8.51 %
REGALINS N 0.41 N 0.38 -0.03 -7.32 %
CILEASING N 4.70 N 4.40 -0.30 -6.38 %
NGXGROUP N 22.00 N 20.60 -1.40 -6.36 %

Top Five Trades

Symbols Volume Value
FBNH 350541622.00 4345726068.70
ETI 45642660.00 347799322.85
UNIVINSURE 33914599.00 6782919.80
TRANSCORP 32576994.00 33205137.68
GTCO 21476241.00 614370055.60

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Nestle Nigeria Declares N25 Interim Dividend for the Period Ended September 30, 2021



Dividend - Investors King

Shareholders of Nestle Nigeria Plc would be currently smiling to the bank as the company announced an interim dividend of N25 per 50 Kobo ordinary share, subject to withholding tax, to shareholders whose names appear on the register of members as at the close of business on 19 November 2021.

Going by the company’s outstanding shares of 792,656,252, the amount translates to N19.816 billion.

The register of members would be closed from 22 November 2021 to 26 November 2021. On 6 December 2021, the dividend would be paid electronically to shareholders whose names appear on the register of members on 19 November 2021 and who have completed the e-dividend registration and mandated the registrars to pay their dividends directly into their bank accounts. The registrar of Nestle Nigeria Plc is Greenwich Registrars and Data Solutions Limited.

This comes as Nestle reported a 23 percent increase in revenue for the period, N261 billion was earned in the period ended September 2021 compared to N212 billion in the period ended September 2020. The company has two reporting segments, Food which includes the production and sale of Maggi, Cerelac, Nan, Lactogen, and Golden Morn and Beverages which includes the production and sale of Milo, Chocomilo, Nescafe, Milo ready-to-drink (RTD), and Nestle Pure Life. The Food segment reported a revenue of N154 billion while the Beverages segment reported a revenue of N107 billion during the period. N258 Billion of revenue was earned in Nigeria and N3 Billion was earned from exports to other countries.

Cost of sales, however, rose from N122 billion in the year ending September 2020 to N160 Billion in September 2021 and this saw profit for the period rise slightly by 5% from N31 Billion to N33 Billion. Earnings per share rose from N40.29 in 2020 to N42.37 in 2021.

Nestle Nigeria Plc is one of the largest food and beverage companies in Africa. For over 57 years, Nestle has been delighting consumers in Nigeria with high-quality nutritious food products. Nestle has a staff strength of over 2,300 direct employees, 3 manufacturing sites, and a head office in Lagos and produces several iconic brands in Nigeria.

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