Following the successful completion of the reconstruction of the shares of Godlink Insurance Plc in the ratio of two for one, last Wednesday, the Nigerian Stock Exchange has lifted the full suspension placed on the company‘s stock on November 24, 2009.


With the reconstruction, the new issued shares of the company is now 4.55 billion units of 50k each at N1 per share. The share price of Nigerian Enamelware Plc was also adjusted for a dividend of 40k per share, as recommended by the board of directors.


Meanwhile, a turnover of 15.56 milion units valued at N16.72bn was recorded in the Over The Counter bond market last week in 28 deals, down from 73.56 million units valued at N79.8bn the previous week, in 363 deals.


The most active bond in volume terms was the 4th FGN Bond 2012 Series 5, with a traded volume of 3.1million units valued at N3.24bn, followed by the 4th FGN Bond 2017 Series 8, with 3.0 million units valued at N3.25bn in four deals. Thirteen out of the 41 FGN Bonds available were traded during the week, compared to 21 in the preceding week.


Also during the week, four companies presented their scorecards to the NSE. According to the results, the profit after tax of Nigerian Enamelware Plc stood at N63.5m in the financial year ended April 30 2009, compared to N19.8m in 2008, on a turnover which rose from N1.51bn in the seven months ended April 2008 to N2.412bn in the review period.


The board of directors has recommended a dividend of 40k per share, which is payable on February 11, 2010. The audited results of Nampak Nigeria Plc for the full year ended September 30 2009, showed a turnover of N4.126bn over N2.98bn in 2008 and profit after tax stood at N42.53m compared with a loss after tax and exceptional items of N231.02m in 2008.