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BUA CEMENT PLC

(BUACEMENT)
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End-of-day quote Nigerian Stock Exchange  -  05-19
74.25 NGN    0.00%
04/22BUA Cement Plc Reports Earnings Results for the First Quarter Ended March 31, 2022
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04/22BUA CEMENT : Quarter 1 - financial statement for 2022
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04/22BUA CEMENT : Report of board meeting held on 25th april 2022
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BUA Cement : MTN, BUA Cement Drag Equities Down, Investors Lose N119bn

06/16/2020 | 08:06am EDT

Profit taking in some blue chip stocks, including BUA Cement Plc, MTN Communication Nigeria Plc and some banking stocks, yesterday dragged the equities market to the red zone with investors losing N119 billion.

Analysis of the day's trading showed that the benchmark All Share Index (ASI) slipped by 0.9 percent after BUA Cement and MTN recorded 1.8 percent and 1.7 percent losses respectively.

Also, sell-off in three tier-1 banking stocks - United Bank for Africa (UBA) Plc (-5.19%), Zenith Bank Plc (-2.70%) and FBN Holdings Plc (-1.87%) added to the negative returns.

Consequently, the ASI closed lower at 24,954.32 points, while the equities market capitalisation declined to N 13.018 trillion from N 13.137 trillion on Thursday.

Meanwhile, capital market operators expect a positive performance in the market this week despite the negative sentiment yesterday.

Analysts at Cordros Capital maintained a cautious outlook, advising investors seek trading opportunities in only fundamentally justified stocks, arguing that risks remain on the horizon owing to a combination of increasing number of COVID-19 cases and weak economic conditions in Nigeria.

In their own projections, analysts at Cowry Asset Management, said: "We expect the domestic equities market to close positively amid positive developments in the external sector.

"Hence, we advise investors to buy stocks with strong fundamentals and good dividend yields. Also, we expect buy interest in the healthcare sector as the industry is set to benefit from government interventions amid COVID-19 pandemic." For analysts at United Capital Plc, the market would remain volatile, "as investors lock funds in cheap and fundamentally sound stocks, while taking profit on some stocks that gained last week."

Copyright Vanguard. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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04/22BUA CEMENT : Quarter 1 - financial statement for 2022
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04/22BUA CEMENT : Report of board meeting held on 25th april 2022
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03/10BUA CEMENT : Notice of board meeting schduled for 2th march
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Financials
Sales 2022 277 B 666 M 666 M
Net income 2022 94 503 M 228 M 228 M
Net Debt 2022 - - -
P/E ratio 2022 26,6x
Yield 2022 3,57%
Capitalization 2 514 B 6 057 M 6 057 M
Capi. / Sales 2022 9,09x
Capi. / Sales 2023 8,25x
Nbr of Employees 1 091
Free-Float 58,0%
Chart BUA CEMENT PLC
Duration : Period :
BUA Cement Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Last Close Price 74,25 NGN
Average target price 50,42 NGN
Spread / Average Target -32,1%
EPS Revisions
Managers and Directors
Yusuf Haliru Binji Chief Executive Officer, MD & Director
Jacques Piekarski Chief Financial Officer & Executive Director
Chikezie Ajaero Finance Director
Abdul-Samad Isyaku Rabiu Chairman
Khairat AbdulRazaq-Gwadabe Independent Non-Executive Director
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