Half Year Performance of Benso Oil Palm Plantation (BOPP)

The first half financial results for 2012 are coming in from the various companies listed on the Ghana Stock Exchange. Let's look at them one by one, starting from Benso Oil Palm Plantation.

An unaudited financial result released by Benso Oil Palm Plantation (BOPP) dated 30^th June 2012 reveals that, the company’s profit before tax was up 122% against same period last year.

BOPP is currently priced at GHC 1.57 on the Ghana Stock Exchange and has recorded some impressive figures.

Tues. 15.05.12: Ghana Stock Exchange (GSE) Market Update.

Tuesday GSE Market Update:

The second day of trading on the Ghana Stock Exchange this week has ended with some equities trading shares.

A 3.26% price gain in Tullow Oil (TLW) pushed the GSE-Composite index up, despite losses in two equities, to close the day at 1,048.50 points from 1,048.38 points. The change brings the year-to-date return to 8.20% as reported by CAL Brokers.

Courtesy: CAL Broker Ltd. (15.05.2012)

The Financial Stock Index however, declined by 0.69 points to close at 908.83 points.

A total of 0.99 million shares valued at GHS 0.50 million were traded. The trade volume and value, compared to the previous session, increased by more than five and six times respectively.

CAL Bank (CAL) dominated trading in terms of volume, accounting for 78.57% of the total trade volume while Unilever Ghana (UNIL) led in terms of value with 47.39%.

TLW was the only gainer.  Benso Oil Palm Plantation (BOPP) and Enterprise Group ltd (EGL) recorded losses.


Courtesy: Ghana Stock Exchange & CAL Brokers

Dividend Payments released for some companies on the Ghana Stock Exchange

The time has come again when shareholders look up to their various companies hoping dividends would be paid. Dividend investors are also looking for dividend stocks on the Ghana Stock Exchange whiles other type of investors hope the profits would be plough back for the growth of the companies.  This is the time where preference shareholders get paid first before the ordinary shareholders.

Some companies on the exchange are planning for their Annual General Meetings (AGM) and hoping to pay dividend for the financial year. Let’s take a closer look at what directors of those companies have decided to pay.

Companies	Dividend per share(GH cedis)	Payment Date
Standard Chartered Bank (SCB)	3.05	May 31, 2012
Ecobank Ghana (EBG)	0.24	May 18, 2012
Benso Oil Palm Plantation (BOPP)	0.0690	June 29, 2012
SG-SSB	0.04	April 30, 2012
HFC Bank (HFC)	0.022	May 14, 2012
Trust Bank Limited (The Gambia) (TBL)	20 butus	April 12, 2012
PBC Ltd (PBC)	0.0173	April 30, 2012
SCB-PREF	0.0324	March 30, 2012

For most of these stocks, the qualifying dates for their dividend payment are in March and April 2012. This simply means every potential investor who wants to enjoy the above dividend payments must buy the shares of those companies and be registered in their books before March or April. SCB, EBG and HFC for instance, have their qualifying dates on April 20^th, 19^th and 18^th, 2012 respectively, therefore investors must note these else would have to wait for another financial year to enjoy dividend payments.

AGMs

Ecobank Ghana ltd, HFC Bank Gh ltd and Ayton Drugs Manufacturing Company ltd planned to go for their Annual General meetings on April 27^th, 26^th and 5^th respectively. SG-SSB limited to have theirs on March 30^th whiles Benso Oil Palm Plantation Ltd planned for May 3rd, 2012.

Shareholders must do well to attend these meetings in order to get a better knowledge of the company and its plans for the future.

Keep investing, especially in the Ghanaian financial market.

Benso Oil Palm Plantation (BOPP) in the 1st Quarter of 2012 on Ghana Stock Exchange

6 months performance on GSE - BOPP [Oct - Mar]

Benso Oil Palm Plantation with GSE stock ticker symbol; [BOPP] is an oil palm producing and processing company and was listed on the GSE on August 30, 2004 when it was converted into the public limited liability. The nature of businesses the company is authorized to carry on include: Growing of oil palm and other agricultural products, Processing of oil palm fruits to produce palm oil and palm kernels and Dealing & trading in palm oil, palm kernels and other agricultural products.

BOPP on the Ghana Stock Exchange has recently been the choice for investors as the company continues to show greatness in different forms.

The Key Statistics for BOPP as researched by Bloomberg reveals that, the current P/E ratio [trailing twelve months (ttm)] is 6.0546 and Earning per share (EPS) (ttm) is 0.2808.  BOPP’s current market capitalization is GHS 59.16 million with about 34.80 million shares outstanding. Price per Book (most recent quarter) is valued at 1.9908.

BOPP started the year, 2012 on the Ghana Stock Exchange with a share price of GHS 1.10 (03.01.12) and has since been rising to attain a year high of GHS 1.78 (20.02.12); the highest since 18^th October, 2011. An investment made in BOPP exactly a year ago would make an outstanding 121.23% profit to date.

Year to Date change on GSE - BOPP [Jan -Mar. ]

Analysts predict further rise in price of this stock in the year but the greatest fear for most investors is the Election Year fever on the market which has shown its power over stocks in the past years.

We hope to closely follow this stock and see how investors react to it despite the election year’s controlling force in the market.