Niger Delta in Investors’ Good Books

Culled—-Proshare

28/7/2017/NASD Plc

Niger Delta Exploration & Production Plc. presented a comprehensive and strong report card to its shareholders at its 22nd Annual General Meeting. Its profits after tax increased to over ₦8 billion, up 316% versus a year ago – that is inspiring growth for a Company in the ailing Nigerian Oil & Gas industry.

NDEP is proving to be a truly indigenous organisation that has a solid foundation, coupled with focused and efficient management of its resources.

It has also enjoyed incredible support from its host communities, recording 11 years of uninterrupted operations, without any community induced infringement on its operating activities. Niger Delta is also the only Nigerian company that does not flare induced gas, reiterating a sustainable commitment to global gas flare reduction measures.

The performance of NDEP stock (SDNDEP) on the NASD OTC is nothing short of exceptional.

It has recorded over 1000 deals worth ₦4.8 billion. Investors are happy with the level of corporate governance, financial reporting and investor relations that the company as shown and as such are trusting of its ability to successfully deliver on its new initiatives, which include expanding the capacity of its Ogbele mini refinery – enhancing crude oil processing capacity from the current 1,000 barrels per day (bpd) to 6,000bpd and then subsequently to 11,000bpd.

Key performance metrics include:

Dividends per share: ₦6.00 (10th anniversary of dividend payouts)

Earnings per share: ₦49.57

Operating Cost per Barrel Produced: ₦9,300 (down 50% from ₦18,500 in 2015)

Return on Capital Employed: 17.45%

Return on Equity: 20.52%

Market Capitalisation: ₦21.41 billion

Current Price: ₦118.00

The Week in Review
NASD closed its trading day on Friday 28 July 2017 lower compared to last Friday. The Market Capitalisation gained 2% to close at ₦416.34 billion against ₦408.34 billion previously. The NASD USI also closed 2% higher at 615.23 points, as against 603.74 points last Friday.

Trade Summary 

NASD OTC Securities Exchange currently trades Equity and Bonds. Of the 34 securities admitted to trade on the OTC Market,  Central Securities Clearing System Plc (CSCS) and Friesland Campina Wamco Nigeria Plc led the market this week by Volume and Value respectively to close the week.

Top Performing Participating Institutions 

Our community consists of 232 Authorised Traders, representing 128 Participating Institutions.

Market in Numbers (Year-to-Date)

Corporate Information

Notice is hereby given that the 3rd Annual General Meeting of the members of Nigeria Mortgage Refinance Company Plc. (SDNMRC) will hold at The Panoramic View Hall, Civic Centre, Victoria Island, Lagos on Wednesday 2 August, 2017 at 11:00 am.

Macroeconomic Indicators 

 

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