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T H I S D AY • THURSDAY, MARCH 16, 2017
MARKET NEWS
Transcorp Hotels Shareholders Commend Performance, Approve Dividend Goddy Egene Shareholders of Transcop Hotels Plc have commended the management and staff of the company for recording an improved performance in the financial year ended December 2016. The shareholders, who gave the commendation at the 3rd annual general meeting (AGM) of the company held in Abuja yesterday, also unanimously approved the board’s recommendation of a final dividend of 40 kobo per
share. For instance, the Chairman, Progressive Shareholders Association of Nigeria, (PSAN), Mr. Boniface Okezie, expressed appreciation to the company’s board and management for paying dividend at a period when the country’s economy is in dire straits, leading to significant drop in hotel occupancy. He said: “At a time when a lot of companies prefer to cut dividend with a ready excuse in the current state of the economy, we are delighted that our company has paid dividend
A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return. An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the
which will go a long way in meeting our financial needs.” Also speaking, another shareholder Alhaji Muktar Muktar hailed Transcorp for what he termed a stellar financial performance amid a challenging period and the dividend payout which he said was equally laudable. “Transcorp has not rested on its oars and has continued to shine brightly delivering world class service to an ever growing clientele of top notch guests across the world. Little wonder it has
floor of the Nigerian Stock Exchange. A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange. GUIDE TO DATA: Date: All fund prices are quoted in Naira as at 14-Mar-2017, unless otherwise stated.
consistently won numerous awards and most recently bagged a long list of honors in 2016 that will make even its competitors go green with envy,” he said. In his address, Chairman of the company, Olorogun O’tega Emerhor attributed the improved to the company’s reinvention of its offerings, keeping with service excellence. He noted that the company was relentless in maintaining market leadership in its flagship property, closing the year with an occupancy rate of 60 per cent well ahead
of competition. Reviewing the 2016 results, Managing Director, Chief Executive Officer of Transcorp Hotels, Mr. Valentine Ozigbo said that the company recorded a 10 per cent growth in gross revenue at N15billion as against N13.4bn in 2015. This, according, to him was largely driven by key events including visits by very high profile guests, many foreign heads of government and representatives of consulates. Ozigbo disclosed that profit before tax was N5.2billion as
against N5.5bn while the profit after tax rose by 17 per cent to N4billion compared to N3.5billion in the previous year. “Our major priorities now is creating value for our stakeholders, improving customer service for our guests and maximizing shareholder value, and we believe very strongly that the foundation that we are laying, by the current upgrade and refurbishment of the Transcorp Hilton Abuja and repositioning of Transcorp Hotels Calabar are certain to yield very positive results,” he said.
Offer price: The price at which units of a trust or ETF are bought by investors. Bid Price: The price at which Investors redeem (sell) units of a trust or ETF. Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return. NAV: Is value per share of the real estate assets held by a REIT on a specific date.
DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS MUTUAL FUNDS / UNIT TRUSTS AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 1 270 1680 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund 128.11 128.55 0.85% Nigeria International Debt Fund 220.49 221.14 2.42% ALTERNATIVE CAPITAL PARTNERS LTD info@acapng.com Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-Rtn ACAP Canary Growth Fund 0.69 0.70 -0.78% AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn AIICO Money Market Fund 100.00 100.00 17.76% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 12.19 12.55 -1.29% ARM Discovery Fund 287.28 295.94 0.04% ARM Ethical Fund 22.07 22.74 -1.21% ARM Money Market Fund 1.00 1.00 15.86% AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund 105.90 106.65 0.78% AXA Mansard Money Market Fund 1.00 1.00 17.50% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Nigeria Global Investment Fund 2.21 2.27 1.82% Paramount Equity Fund 9.31 9.55 -0.53% Women's Investment Fund 86.36 88.58 2.09% CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 17.67% FBN CAPITAL ASSET MANAGEMENT LTD invest@fbnquest.com Web: www.fbnquest.com; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Fixed Income Fund 1,126.18 1,127.33 3.28% FBN Heritage Fund 111.28 112.02 -0.28% FBN Money Market Fund 100.00 100.00 17.66% FBN Nigeria Eurobond (USD) Fund - Institutional $106.99 $107.69 2.83% FBN Nigeria Eurobond (USD) Fund - Retail $106.68 $107.38 3.23% FBN Nigeria Smart Beta Equity Fund 112.74 114.21 0.06% FIRST CITY ASSET MANAGEMENT LTD fcamhelpdesk@fcmb.com Web: www.fcamltd.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Equity Fund 0.95 0.96 1.60% Legacy Short Maturity (NGN) Fund 2.65 2.65 2.98% FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-Rtn Coral Growth Fund 2,185.79 2,210.77 -1.07% Coral Income Fund 2,183.61 2,183.61 3.77% GREENWICH ASSET MANAGEMENT LIMITED assetmanagement@gtlgroup.com Web: www.gtlgroup.com ; Tel: +234 1 4619261-2 Fund Name Bid Price Offer Price Yield / T-Rtn Greenwich Plus Money Market Fund 100.00 100.00 17.16% INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn Abacus Money Market Fund 1.00 1.00 16.86% Vantage Balanced Fund 1.70 1.71 0.81% Vantage Guaranteed Income Fund 1.00 1.00 14.74%
LOTUS CAPITAL LTD fincon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn Lotus Halal Investment Fund 1.01 1.03 2.28% Lotus Halal Fixed Income Fund 1,023.78 1,023.78 2.08% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 9.56 9.65 -1.00% Meristem Money Market Fund 10.00 10.00 14.89% PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Balanced Fund 1.09 1.11 3.39% PACAM Fixed Income Fund 10.43 10.47 0.24% PACAM Money Market Fund 10.00 10.00 16.39% SCM CAPITAL LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn SCM Capital Frontier Fund 110.86 111.69 8.85% SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund 1.27 1.27 1.95% STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Balanced Fund 1,838.43 1,848.15 0.38% Stanbic IBTC Bond Fund 154.76 154.76 0.52% Stanbic IBTC Ethical Fund 0.75 0.76 -1.95% Stanbic IBTC Guaranteed Investment Fund 191.73 191.73 2.59% Stanbic IBTC Iman Fund 127.92 129.56 -1.48% Stanbic IBTC Money Market Fund 100.00 100.00 17.60% Stanbic IBTC Nigerian Equity Fund 7,385.53 7,475.42 -2.58% UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com Web: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887 Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Balanced Fund 1.16 1.17 11.39% United Capital Bond Fund 1.28 1.28 15.78% United Capital Equity Fund 0.64 0.66 0.71% United Capital Money Market Fund 1.13 1.13 11.45% ZENITH ASSETS MANAGEMENT LTD info@zenith-funds.com Web: www.zenith-funds.com; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Equity Fund 9.69 9.87 0.73% Zenith Ethical Fund 11.12 11.22 1.92% Zenith Income Fund 17.27 17.27 4.53%
REITS
NAV Per Share
Yield / T-Rtn
11.41 125.23
1.01% 1.02%
Bid Price
Offer Price
Yield / T-Rtn
7.93 72.10
8.03 73.44
-9.63% -4.86%
Fund Name FSDH UPDC Real Estate Investment Fund SFS Skye Shelter Fund
EXCHANGE TRADED FUNDS
Fund Name Lotus Halal Equity Exchange Traded Fund Stanbic IBTC ETF 30 Fund
VETIVA FUND MANAGERS LTD Web: www.vetiva.com; Tel: +234 1 453 0697
Fund Name Vetiva Banking Exchange Traded Fund Vetiva Consumer Goods Exchange Traded Fund Vetiva Griffin 30 Exchange Traded Fund Vetiva Industrial Goods Exchange Traded Fund Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund
funds@vetiva.com Bid Price
Offer Price
Yield / T-Rtn
2.42 5.29 11.44 12.57 124.79
2.46 5.37 11.54 12.77 126.79
-11.79% -24.61% -4.59% -21.06% -3.89%
The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.