ISSN 1597 - 8842 Vol. 1 No. 39 5 Year Review up to Q1 2010 Results Issued on June 14, 2010 Contents NAHCo - Fast Facts 03 Recent Developments in the Company 05 The Operating Environment/ NAHCo’s Response 06 o Background o Market Structure o Recent Trends o Market SWOT o Market Realities o Market Outlook o Managing Change – The Value Paradigm Fundamental Analysis 18 Technical Analysis 28 The Analyst’s Insight/Opinion 31 Appendix 34 ISSN 1597 - 8842 Vol. 1 No. 39 © 2010 www.proshareng.com June 2010 2 Page 1. NAHCo - Fast Facts NAHCo was incorporated as a Private Limited Liability Investment Summary Highlights Company on December 6th, 1979 under the then As at 11, June, 2010 Nahco Price 11.20 Nigerian Enterprises Promotions Decree, with Nigerian Price Traget/Fair Value N14.36 - N15.49 and foreign equity ownerships in the proportion of Ratings
[email protected] 60% and 40% respectively. The Federal Airports YTD Performance 55.99% Authority of Nigeria ( FAAN ) represented the Nigerian Recommendation
[email protected] ownership of 60% while four foreign airlines (Air France, British Airways, Lufthansa and Sabena - in Stock Data liquidation) owned the remaining 40%. 5- years EPS CAGR 18.06% Dividend Yield 4.02% PEG Ratio 0.47 The corporate vision of the firm is to be the Outstanding Shares 1,230,468,750 preferred aviation handling company, globally Free Float 80.28% competitive, adopting world class practises. 52-week high N14.85 52-week low N6.12 NAHCo commenced operations in 1979 simultaneously Lifetime High 70.05 with the opening of the Murtala Muhammed Market Cap(N) 13,781,250,000.00 Market Cap(US$) 92,059,118.24 International Airport .