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    SOVRENINS   NGSOVRENINS5

SOVEREIGN TRUST INSURANCE PLC

(SOVRENINS)
  Report
End-of-day quote Nigerian Stock Exchange  -  2022-09-22
0.2600 NGN   -3.70%
09/23Sovereign Trust Insurance : Earnings forecast
PU
07/31Sovereign Trust Insurance : Quarter 2 - financial statement for 2022
PU
07/29Sovereign Trust Insurance Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
CI
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Airtel Africa, Ecobank, Stanbic Ibtc Top Stocks to Watch This Week

05/16/2022 | 04:06am EDT

Sterling Bank and Sovereign Trust Insurance also made the list.

The Nigerian bourse saw a surge of 4.25 per cent last week, with the NGX 30 (the index that tracks the top 30 stocks by liquidity and market capitalisation) touching an unprecedented height, both affirming investors' renewed faith in stocks.

A number of first quarter earnings reports were issued and a couple of them were strikingly impressive, boosting confidence.

PREMIUM TIMES has assembled a number of stocks with fundamentals and other potential, adopting key analytical approaches to save you the hassle of randomly picking equities for investment.

The selection, a product of market analysis, offers a guide to entering the market and taking strategic positions in hopes that equities will gain value with the passage of time, particularly in the short term.

This is not a buy, sell or hold recommendation but a stock investment guide. You may have to involve your financial advisor before taking investment decisions.

AIRTEL AFRICA

Airtel Africa tops this week's pick on the basis of recording an 82 per cent jump in after-tax profit to $755 million for 2021.

The wireless operator's revenue surged by 20.6 per cent to $4.7 billion within the period.

ECOBANK TRANSNATIONAL INCORPORATED (ETI)

ETI appears on the selection for trading well below its intrinsic value. The lender's earnings per share (EPS) at the end of the last trading session was N4.65, with a price-to-earnings (PE) ratio of 2.78x.

STANBIC IBTC HOLDINGS

Stanbic IBTC makes this week's selection for currently trading at its lowest price level in 52 weeks, making it a good entry point for investment.

The stock is priced at N33 per unit, with an EPS of N4.54 and a PE ratio of 7.71x.

SOVEREIGN TRUST INSURANCE

Sovereign Trust features on the pick for trading significantly below its real value, brightening its chances of seeing a good price appreciation in future.

The underwriter's PE ratio was 3.03x as of the end of the last trading session, while its EPS is N0.09.

UNIVERSITY PRESS PLC (UPL)

UPL features in the pack for currently trading well below its intrinsic value. The company's PE ratio as of Friday was 3.83x with a EPS ratio of N0.77.

STERLING BANK

Sterling Bank makes the selection for currently trading significantly below its actual value, which makes it cheap for investment. Its PE ratio at the last trading session was 3.01x while its EPS is N0.51.

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

All news about SOVEREIGN TRUST INSURANCE PLC
09/23Sovereign Trust Insurance : Earnings forecast
PU
07/31Sovereign Trust Insurance : Quarter 2 - financial statement for 2022
PU
07/29Sovereign Trust Insurance Plc Reports Earnings Results for the Second Quarter and Six M..
CI
07/29Sovereign Trust Insurance : Quarter 2 - financial statement for 2022
PU
07/29SOVEREIGN TRUST INSURANCE PLC : 1st-half-year results
CO
07/25Sovereign Trust Insurance : Earnings forecast
PU
07/25SOVEREIGN TRUST INSURANCE PLC : Mixed general shareholder ..
CO
07/04SOVEREIGN TRUST INSURANCE PLC : Nomination
CO
05/16Airtel Africa, Ecobank, Stanbic Ibtc Top Stocks to Watch This Week
AQ
04/29Sovereign Trust Insurance Plc Reports Earnings Results for the First Quarter Ended Marc..
CI
More news
Financials
Sales 2020 8 119 M 18,8 M 18,8 M
Net income 2020 688 M 1,60 M 1,60 M
Net cash 2020 5 960 M 13,8 M 13,8 M
P/E ratio 2020 3,31x
Yield 2020 -
Capitalization 2 955 M 6,87 M 6,86 M
EV / Sales 2019 -0,48x
EV / Sales 2020 -0,45x
Nbr of Employees 157
Free-Float 59,9%
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Managers and Directors
Olaotan Soyinka Chief Executive Officer, MD & Director
Kayode Adigun GM, Divisional Head-Finance & Administration
Oluseun Olabode Ajayi Chairman
Olalekan Oguntunde Head-Information & Communications Technology
Jude A. Modilim Executive Director & Head-Technical
Sector and Competitors