GlobalView Capital Limited

GlobalView Capital Limited “Globalview Capital Limited is registered and regulated by the Securities and Exchange Commission, Nigeria."

"Globalview Capital Limited is a trading license holder and broker/dealer of the Nigerian Exchange Group”

Nestlé Nigeria’s Q1 2026 results:Revenue grew by about 10.6%, meaning the company is selling more than it did last year....
05/05/2026

Nestlé Nigeria’s Q1 2026 results:

Revenue grew by about 10.6%, meaning the company is selling more than it did last year. That’s solid, especially for a large, established business.

Profit grew even faster.

Profit before tax jumped by about 44%, and profit after tax increased by around 29%. In simple terms, Nestlé is not just making more sales—it’s managing its costs well and keeping more of the money it earns.

Earnings per share also rose from ₦38 to ₦49, which is a strong improvement for shareholders.

But here’s the key thing to keep in mind:

* The stock is expensive. A Price-to-Earnings ratio of about 63x means investors are paying a premium for this performance.
* Earnings yield is low (around 1.6%), which suggests limited value at current prices.

Bottom line:
Nestlé Nigeria is delivering strong growth and solid profitability—it’s clearly a high-quality, well-performing business. However, the stock is priced at a premium, which means much of that strong performance may already be reflected in its current price.

Geregu Power’s Q1 2026 results:Revenue dropped sharply by about 43%, meaning the company earned significantly less from ...
05/05/2026

Geregu Power’s Q1 2026 results:

Revenue dropped sharply by about 43%, meaning the company earned significantly less from its operations compared to last year. That’s a major decline.

Profit fell even harder.

Profit before tax dropped by about 75%, and profit after tax also fell by nearly 80%. In simple terms, the company is not just earning less—it’s keeping far less of what it earns.

Earnings per share also dropped from ₦4 to just ₦1, meaning shareholders are seeing a big reduction in value.

Now, here’s the biggest concern:

* The stock is extremely expensive relative to its current performance. A Price-to-Earnings ratio of over 1,100x is unusually high.
* Earnings yield is almost zero (0.088%), which means investors are getting very little return relative to the price they’re paying.

Bottom line:
Geregu Power is facing a significant decline in both revenue and profit. Despite this, the stock price remains very high relative to its earnings, which creates a major mismatch.

Beta Glass Plc’s Q1 2026 results:Revenue dropped by about 9%, which means the company sold less than it did last year. T...
05/05/2026

Beta Glass Plc’s Q1 2026 results:

Revenue dropped by about 9%, which means the company sold less than it did last year. That’s already a concern.

But the bigger issue is profit.

Profit before tax fell by about 22%, and profit after tax also declined by roughly 21%. In simple terms, the business is not only selling less—it’s also keeping much less money from those sales.

Earnings per share dropped from ₦17 to ₦13, meaning shareholders are getting less value compared to last year.

From an investment perspective:

* The stock still looks expensive. A Price-to-Earnings ratio of about 42x is high for a company with declining sales and profits.
* Earnings yield is low (around 2.4%), suggesting limited value at current price levels.

Dangote Cement’s Q1 2026 results:This is a very strong performance—both in sales and profit.Revenue grew by about 20%, m...
05/05/2026

Dangote Cement’s Q1 2026 results:

This is a very strong performance—both in sales and profit.

Revenue grew by about 20%, meaning the company is selling significantly more than it did last year. That’s solid growth for a company of this size.

Even more impressive is the profit.

Profit before tax increased by about 35%, while profit after tax jumped by over 53%. In simple terms, the company isn’t just making more sales—it’s keeping much more of it. That points to strong efficiency and pricing power.

Earnings per share also rose sharply from ₦12 to ₦19, which is a big gain for shareholders.

But here’s where you need to be careful:

* The stock is expensive. A Price-to-Earnings ratio of about 51x means investors are paying a premium for this growth.
* Earnings yield is low (around 2%), suggesting it’s not cheap at current prices.

Bottom line:
Dangote Cement is delivering impressive growth and strong profitability. It’s clearly a high-performing business right now. However, the stock price already reflects a lot of that strength, so it may not be a bargain despite the great results.

MARKET PERFORMANCE REPORT & DAILY PRICELIST FOR 4TH MAY 2026 Transactions on the floor of the Stock Exchange on Monday, ...
04/05/2026

MARKET PERFORMANCE REPORT & DAILY PRICE
LIST FOR 4TH MAY 2026


Transactions on the floor of the Stock Exchange on Monday, May 4th, 2026, closed the first trading day of May on a positive note. The All Share Index appreciated by 0.36%, to settle at 243,161.52 points from its previous close of 242,277.81. This brings the year-to-date gain to 56.05%, the month-to-date gain to 0.36%, and the week-to-date gain to 0.36%
Market Capitalisation closed at N156.058 trillion. An aggregate of 967,467,651 unit shares were traded in 122,041 deals, valued at N43,844,398,662.13

Market Breadth
Market breadth closed flat, with 40 equities rising and 40 declining.

Industrial & Medical Gases Plc’s Q1 2026 results:Revenue barely grew just about 0.4%. That means the company’s sales are...
30/04/2026

Industrial & Medical Gases Plc’s Q1 2026 results:

Revenue barely grew just about 0.4%. That means the company’s sales are almost the same as last year, with little to no real expansion.

Profit improved slightly.

Profit before tax increased by about 2%, and profit after tax rose by around 5%. So the company is doing a bit better at managing costs, but the growth is modest overall.

Earnings per share also edged up slightly from 54 kobo to 57 kobo, which is a small gain for shareholders.

Now, here’s the concern:

* The stock is very expensive relative to its performance. A Price-to-Earnings ratio of about 70x is extremely high for a company with such slow growth.
* Earnings yield is low (around 1.4%), which suggests limited value for investors at current prices.

NASCON’s Q1 2026 results:Revenue dropped by about 6%, which means the company sold less than it did last year. Normally,...
30/04/2026

NASCON’s Q1 2026 results:

Revenue dropped by about 6%, which means the company sold less than it did last year. Normally, that’s not a good sign.

But here’s the twist:

Profit grew significantly.

Profit before tax jumped by about 32%, and profit after tax increased by around 30%. That means even though sales fell, the company managed its costs much better and kept more money from what it earned. In simple terms, they became more efficient.

Earnings per share also rose strongly from 1,122 kobo to 1,463 kobo, which is a big win for shareholders.

From an investment perspective:

* The stock looks relatively affordable. A Price-to-Earnings ratio of about 14.5x
* Earnings yield is solid at around 6.9%, suggesting better value for investors.

Bottom line:
NASCON is becoming more efficient—making more profit even with lower sales. That’s a strong sign operationally. The key thing to watch is whether revenue growth returns, because long-term strength usually needs both sales and profit moving up together.

Meyer Plc’s Q1 2026 results:Revenue grew by about 14.5%, which means the company is selling more than it did last year. ...
30/04/2026

Meyer Plc’s Q1 2026 results:

Revenue grew by about 14.5%, which means the company is selling more than it did last year. That’s a positive sign on the surface.

But when you look deeper, profit tells a different story.

Profit before tax dropped by about 14%, and profit after tax also fell by roughly 15%. In simple terms, the company is making more sales, but costs have increased so much that it’s ending up with less profit.

Earnings per share also declined from 33 kobo to 29 kobo, meaning shareholders are getting less value compared to last year.

From an investment perspective:

* The stock looks expensive. A Price-to-Earnings ratio of about 58x is quite high, especially for a company with declining profits.
* Earnings yield is low (around 1.7%), which suggests limited value at current prices.

Cadbury Nigeria’s Q1 2026 results:Revenue grew slightly by about 7%, so the company is selling a bit more than last year...
30/04/2026

Cadbury Nigeria’s Q1 2026 results:

Revenue grew slightly by about 7%, so the company is selling a bit more than last year. On the surface, that looks fine.

But the real story is in the profit.

Profit before tax dropped by about 39%, and profit after tax also fell by the same margin. That means even though sales increased, the company is struggling with higher costs or shrinking margins and it’s keeping far less money from what it earns.

Earnings per share also fell sharply from 262 kobo to 160 kobo. In simple terms, shareholders are getting significantly less value compared to last year.

From an investment perspective:

* The stock still looks expensive. A Price-to-Earnings ratio of about 41x is high, especially for a company with declining profits.
* Earnings yield is low (around 2.4%), which doesn’t offer much value at current prices.

Bottom line:
Cadbury is growing sales slightly, but profitability is under pressure—and that’s the bigger concern. Rising costs or operational challenges are eating into profits. Combined with a high valuation, this makes the stock less attractive at the moment unless performance improves.

Custodian investment is increasing both its income and profits at a solid pace.What improved?* Revenue (income) grew by ...
30/04/2026

Custodian investment is increasing both its income and profits at a solid pace.

What improved?

* Revenue (income) grew by 36% → the business is generating more from its operations.
* Profit before tax jumped by 74% → strong improvement in efficiency and cost management.
* Profit after tax increased by 63% → they’re keeping significantly more profit.
* Earnings per share rose by 46% → shareholders are earning more per share.

What this means in plain terms:
The company is not just growing, it’s becoming more efficient and more profitable, which is a strong positive signal.

But here’s the context

* P/E ratio (32.88) → moderately high, meaning the stock isn’t exactly cheap.
* Earnings yield (3.04%) → decent, but not particularly high.

Simple takeaway:
👉 Strong growth in both revenue and profit
👉 Improving efficiency and performance

Vitafoam Nigeria Plc 1st quarter 2026 Unaudited results This is steady and healthy growth not explosive, but strong wher...
30/04/2026

Vitafoam Nigeria Plc 1st quarter 2026 Unaudited results

This is steady and healthy growth not explosive, but strong where it matters most.

What improved?

* Revenue (sales) grew by 13% → the company is selling more, but growth is moderate.
* Profit before tax jumped by 44% → strong improvement in efficiency.
* Profit after tax increased by 38% → they’re keeping more profit from their sales.
* Earnings per share rose → shareholders are earning more per share.

What this means:
Even though sales didn’t grow massively, the company is managing its costs much better, leading to strong profit growth.

But here’s the context 👇

* P/E ratio (36.67) → somewhat high, meaning the stock isn’t exactly cheap.
* Earnings yield (2.73%) → moderate return relative to its price.

Simple takeaway:
👉 Moderate sales growth, but strong profit growth
👉 Improved efficiency is driving performance

Fidson Healthcare Plc experienced solid growth that was consistent across the board.What improved?* Revenue (sales) grew...
30/04/2026

Fidson Healthcare Plc experienced solid growth that was consistent across the board.

What improved?

* Revenue (sales) grew by 22% → the company is selling more of its products.
* Profit before tax increased by 40% → better cost control and efficiency.
* Profit after tax also rose by 40% → they’re keeping significantly more profit.
* Earnings per share went up → shareholders are earning more per share.

What this means:
Fidson is not just growing — it’s becoming more efficient and profitable, which is a good sign for a healthcare company.

* High P/E ratio (52.36) → the stock is expensive, meaning investors already expect strong future growth.
* Low earnings yield (1.91%) → returns relative to price are not very attractive right now.

Simple takeaway:
👉 Strong and steady business growth
👉 Improving profitability and efficiency
👉 But the stock is priced high, so expectations are already elevated

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