T H I S D AY • FRIDAY, JULY 14, 2017
45
MARKET NEWS
NAHCO Shareholders Approve Dividend, Want Technical Service Pact Restored Goddy Egene Shareholders of Nigerian Aviation Handling Company (nahco aviance) Plc yesterday approved the N357.3 million dividend declared for the year ended December 31, 2016. The dividend, which translated to 22 kobo per share, was approved at the 36th annual general meeting (AGM) of the company in Abuja. The company ended 2016 with revenue of N7.956 billion, down from N8.498 billion. But profit before tax
rose from N796.8 million to N909.6 million, while profit after tax improved from N537.8 million to N580.7 million in 2016. Hence, the directors recommended a dividend of 357.3 million. The elated shareholders commended the board and management for the improved results despite the challenging operating environment. All the shareholders, who spoke at the meeting pledged their support for better future results and urged the board and management to sustain the performance.
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
But one of the shareholders, Goodluck Akpore of Onitsha Zone Shareholders Association, said NAHCO should restore the technical management service agreement with Rose Hill Group (RHG) Limited that was terminated last year. RHG, which is a shareholder of NAHCO, had an agreement with the company to provide management service, but it was cancelled from the second quarter of 2016. However, Akpore said diversification strategies
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 12Jul-2017, unless otherwise stated.
currently being implemented by NAHCO currently are some of the benefits of the agreement, saying if RHG is left to go, it would affect impact negatively on the future performance of the company. Meanwhile, in his address to the shareholders, Chairman of NAHCO, Usman Bello said in spite of the recession and the global weakness in the aviation sector, the company’s performance was commendable. “Our resilience as a company and our debt
management strategies resulted in Bond 1 repayment of the N2.15 billion in the third quarter of 2016,” he said. Speaking on the diversification programme, Bello noted that NAHCO Free Trade Zone (NFZ), that was approved by shareholders in 2011 as a subsidiary of the company, has made some milestone. “Some of the services offered by the NFZ include: cargo handling, supply chain management, logistics, equipment leasing and other
value-added services. Phase I of its development has been completed and now operating at almost full capacity. We are currently making preparations to start building phase 11 and phase 111 of the company,” he said. The chairman assured stakeholders that despite early unexpected expenses the company was forced to incur in the first quarter of 2017 as a result of closure of Nnamdi Azikiwe International Airport, the year would still be profitable for NAHCO.
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 163.55 163.68 28.58% Nigeria International Debt Fund 226.45 226.54 6.48% 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 0.74 0.75 5.59% 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 18.88% 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 15.57 16.04 26.14% ARM Discovery Fund 339.68 349.92 18.28% ARM Ethical Fund 24.26 24.99 8.58% ARM Money Market Fund 1.00 1.00 17.49% 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 132.65 133.58 26.12% AXA Mansard Money Market Fund 1.00 1.00 18.92% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapelhill Denham Money Market Fund 100.00 100.00 0.00% Paramount Equity Fund 10.87 11.15 16.14% Women's Investment Fund 91.85 94.21 8.58% 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 19.11% 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 1,095.80 1,096.89 8.27% FBN Heritage Fund 131.75 132.85 18.17% FBN Money Market Fund 100.00 100.00 17.95% FBN Nigeria Eurobond (USD) Fund - Institutional $108.46 $109.18 5.36% FBN Nigeria Eurobond (USD) Fund - Retail $107.48 $108.20 5.14% FBN Nigeria Smart Beta Equity Fund 142.08 143.92 26.09% 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 1.26 1.28 35.11% Legacy Short Maturity (NGN) Fund 2.80 2.80 8.84% 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 2,606.19 2,649.36 18.25% Coral Income Fund 2,304.07 2,304.07 9.50% 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 14.22% 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 17.46% Vantage Balanced Fund 1.99 2.01 18.48% Vantage Guaranteed Income Fund 1.00 1.00 18.26%
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 1.07 1.09 8.69% Lotus Halal Fixed Income Fund 1,045.21 1,045.21 6.18% 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 12.59 12.67 30.14% Meristem Money Market Fund 10.00 10.00 19.08% 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 1.13 1.16 14.50% PACAM Fixed Income Fund 10.68 10.73 2.70% PACAM Money Market Fund 10.00 10.00 17.27% 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 119.36 120.49 17.31% 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 1.33 1.33 6.52% 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 2,066.52 2,078.10 12.85% Stanbic IBTC Bond Fund 162.92 162.92 5.82% Stanbic IBTC Ethical Fund 0.92 0.93 20.13% Stanbic IBTC Guaranteed Investment Fund 203.05 203.05 8.65% Stanbic IBTC Iman Fund 155.47 157.60 19.79% Stanbic IBTC Money Market Fund 100.00 100.00 18.57% Stanbic IBTC Nigerian Equity Fund 8,863.82 8,963.63 16.86% 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 1.27 1.28 6.45% United Capital Bond Fund 1.36 1.36 15.15% United Capital Equity Fund 0.79 0.81 -3.61% United Capital Money Market Fund 1.13 1.13 11.51% 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 11.82 12.01 21.94% Zenith Ethical Fund 12.56 12.69 14.77% Zenith Income Fund 18.20 18.20 10.12%
REITS NAV Per Share
Yield / T-Rtn
11.41 128.42
1.01% 3.59%
Bid Price
Offer Price
Yield / T-Rtn
9.76 95.86
9.86 97.63
11.10% 26.48%
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
3.87 7.59 15.07 19.26 131.03
3.91 7.67 15.17 19.46 133.03
40.00% 7.92% 26.39% 20.62% 1.64%
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.