Invest Data Consulting Ltd

Pix: Mrs. Toyin Sanni, Group Managing Director, United Capital Plc Shares of United Capital Plc fell 4.88% on Monday and a bigger 5.87% on Tuesday to close at N3.85 each, after the company’s directors presented what investors presented less-than expected financials for the full-year ended December 31, 2017, with flat earnings and 36.9% earnings slip. The board however offered shareholders 35 kobo per share as dividend per share, less than the 40 kobo offered by African Prudential Plc, its sister company. United Capital’s earnings growth was flat at N8.9bn from N9bn in the corresponding period of 2017, with investment income remaining the biggest contributor at N4.965bn, up from N4.039bn in the corresponding period of 2016; boosted by fixed deposits of N4.732bn, up from N4.036bn; just as investment securities fetched N232.552m as against N2.919m in 2016. It was followed by fee and commission income, which dropped slightly from N1.979bn to N1.813bn, with financial advisory fees...

United Capital Plc, Nigeria’s only listed Investment banking giant recently released its nine-month earnings report for the period ended September 30, 2017, with mixed performance with the top line looking north and bottom-line pointing the opposite direction- south, despite the relative improvement in the economy and the investment environment that had impacted positively on returns so far in the year. The company’s performance on quarterly basis have been below the numbers posted in 2016 which had kept its price performance moving relatively sideways after the May rally. United Capital has done well in its core operational areas of investment banking, trusteeship, asset management and securities trading as shown by the investment and trading income for the period under review. These were aggressively driven by robust technology, marketing and product innovation to deliver satisfactory services in an efficient manner, while ensuring cost is under serious management, to boost pr...