JULIUS BERGER’s SHARE PRICE PERFORMANCE AND FINANCIAL OVERVIEW
1. Share Price Movement:
- Current Share Price (August 13, 2024): NGN 130.00
- Price Increase in Two Weeks: +34.02%
- Previous Closing Price (End of July 2024): NGN 97.00
- Market Volume on August 13, 2024: 13.17 million shares (highest since May 23, 2024, when it was 17.65 million shares)
2. Recent Performance Trends:
- August 2024 Performance: The stock has seen significant buy-side pressure, with a market volume of 13.18 million shares within the first two weeks.
- Yearly Performance: Up 360% from a year ago
- Year-to-Date Performance: Up over 150% in 2024
- Previous High: NGN 130.00 per share (August 13, 2024)
- Historical Price: NGN 14.85 per share (July 2020)
3. Share Price Valuation:
- Current Trading Multiple: 12 times earnings, indicating potential for further growth
4. Second Quarter 2024 Performance:
- Revenue: NGN 132.8 billion (up from NGN 120.1 billion in Q2 2023, a 10.58% year-on-year increase)
- Cost of Sales: Increased by 20.25% year-over-year
- Pre-Tax Profits: NGN 8.3 billion (up 12.08% from NGN 7.4 billion in Q2 2023)
- Earnings Per Share (EPS): NGN 0.91 (down 67.50% from NGN 2.80 in Q2 2023)
- Reason for EPS Decline: Increased expenses
- Total Current Assets: NGN 473.55 billion (up 76.65% from NGN 268.07 billion in Q2 2023)
- Cash and Cash Equivalents: NGN 180.9 billion (up 172.90% from NGN 66.3 billion in Q2 2023)
- Dividend Payment: NGN 3.00 per 50k share announced during the AGM on June 21, 2024
1. Share Price Movement:
- Current Share Price (August 13, 2024): NGN 130.00
- Price Increase in Two Weeks: +34.02%
- Previous Closing Price (End of July 2024): NGN 97.00
- Market Volume on August 13, 2024: 13.17 million shares (highest since May 23, 2024, when it was 17.65 million shares)
2. Recent Performance Trends:
- August 2024 Performance: The stock has seen significant buy-side pressure, with a market volume of 13.18 million shares within the first two weeks.
- Yearly Performance: Up 360% from a year ago
- Year-to-Date Performance: Up over 150% in 2024
- Previous High: NGN 130.00 per share (August 13, 2024)
- Historical Price: NGN 14.85 per share (July 2020)
3. Share Price Valuation:
- Current Trading Multiple: 12 times earnings, indicating potential for further growth
4. Second Quarter 2024 Performance:
- Revenue: NGN 132.8 billion (up from NGN 120.1 billion in Q2 2023, a 10.58% year-on-year increase)
- Cost of Sales: Increased by 20.25% year-over-year
- Pre-Tax Profits: NGN 8.3 billion (up 12.08% from NGN 7.4 billion in Q2 2023)
- Earnings Per Share (EPS): NGN 0.91 (down 67.50% from NGN 2.80 in Q2 2023)
- Reason for EPS Decline: Increased expenses
- Total Current Assets: NGN 473.55 billion (up 76.65% from NGN 268.07 billion in Q2 2023)
- Cash and Cash Equivalents: NGN 180.9 billion (up 172.90% from NGN 66.3 billion in Q2 2023)
- Dividend Payment: NGN 3.00 per 50k share announced during the AGM on June 21, 2024