United Capital, Africa Prudential top stocks to watch this week

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PREMIUM TIMES Stocks to Watch is a selection of equities monitored for potential trading or investment.

Africa Prudential features on our list this week by virtue of its proposal of dividend per share of N0.50 for 2020. It currently sells for N7.30 per share, has an EPS of N0.88 and a PE ratio ofPortland Paints makes our list on account of its proposed merger with Chemical and Allied Products Plc.

Shareholders have the liberty to either receive the payment of N2.90 for every share held in Portland Paints as settlement for cancellation of their stake in the company at the end of the process or have every eight ordinary shares held in Portland Paints exchanged for 1 in the new enlarged entity to be called Chemical and Allied Products Plc.Access Bank appears on our list for trading below its intrinsic value. It currently sells for N8.40, with an EPS of N3.08 and a PE ratio of 2.72.

 

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