Cutix plc

[c kenneths]

The price trend of this second tier stock has been on the upward move for some days now, its so bullish that it have added around 40 % and still going, is this because the company is planning to list their share in the first tier or are there any other factors propelling the price of this company.

We are curious here, let those who know inform others before we missout entirely on a good thing.

[Geeman]

Originally Posted by c kenneths

The price trend of this second tier stock has been on the upward move for some days now, its so bullish that it have added around 40 % and still going, is this because the company is planning to list their share in the first tier or are there any other factors propelling the price of this company.

We are curious here, let those who know inform others before we missout entirely on a good thing.

Cutix has declared a dividend of 12k and a bonus share of 1:1 and the price is soaring. The Register will close on 19th October. Does anyone know anything about this company. Will government policy of revamping the energy sector have a positive impact on this company? Is it a good stock to buy and take advantage of the goodies?

[hispy99]

Results - Cutix Plc
Posted Tuesday, September 2, 2008

International Breweries today released its un-audited results for the half year ended 30th June, 2008. Turnover jumped by 114.67% to N501 million, PBT also increased by 170.15% to N56.53 million, while PAT also increased by 170.15% to N56.53 million, from loss of N80.59million in the corresponding period of 2007.

In addition, Cutix today released its audited result for the financial year ended 30th April, 2008. Turnover grew by 22.64% to N1.3 billion, PBT inched up by 4.24% to N195.5 million, however, PAT declined by 5.92% to N114.48 million, from N121.69 million in the corresponding period of 2007. With this result, the company’s EPS is estimated to be 21 kobo while PE ratio is estimated to be 52x. The stock however, closed on full offer, causing the share price to lose full 1%.

[hispy99]

The Share Price Of Cutix Plc Was Adjusted For A Dividend Payment Of 12kobo Today.

[hispy99]

http://www.guardiannewsngr.com/indus... determination

[pumping]

12-11-2009
CUTIX PLC (FIRST QUARTER)
INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 31ST JULY 2009
2009 2008
TURNOVER N366.216m N305.238m
PROFIT BEFORE TAX N69.296m N32.783m
PROFIT AFTER TAX N69.296m N32.783m
31-07-09 30-04-08
FIXED ASSETS N385.143m N383.955m
STOCK N233.655m N209.053m
CASH AND BANK BALANCES N34.724m N15.143m
OTHER DEBIT BALANCES N256.301m N175.462m
TRADE CREDITS N51.214m N14.184m
SHORT TERM BORROWINGS N228.863m N181.873m
OTHER CREDIT BALANCES N135.959m N98.772m
WORKING CAPITAL N108.644m N104.829m
NET ASSETS N405.671m N400.052m

[nosa2]

Originally Posted by pumping

12-11-2009
CUTIX PLC (FIRST QUARTER)
INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 31ST JULY 2009
2009 2008
TURNOVER N366.216m N305.238m
PROFIT BEFORE TAX N69.296m N32.783m
PROFIT AFTER TAX N69.296m N32.783m
31-07-09 30-04-08
FIXED ASSETS N385.143m N383.955m
STOCK N233.655m N209.053m
CASH AND BANK BALANCES N34.724m N15.143m
OTHER DEBIT BALANCES N256.301m N175.462m
TRADE CREDITS N51.214m N14.184m
SHORT TERM BORROWINGS N228.863m N181.873m
OTHER CREDIT BALANCES N135.959m N98.772m
WORKING CAPITAL N108.644m N104.829m
NET ASSETS N405.671m N400.052m

could this be another diamond in the rough, they've got about 500m outstanding shares now if they can replicate this quarter's result for the remaining 3 quarters then we'll be looking at full year pat of about 250m which gives eps of about 50k and with the price hovering between N2-N3 (which happens to be close to its 52 week low) thats a pe of about 6 and assuming they pay 50% as dividend which would be about 25k we're looking at a potential dividend yield of about 10%. I have a couple of questions thou what on earth do these guys do? Apart from the bonus they have in 2007 have they compensated their shareholders in any other way? Whats the ownership structure like? Plus i need to hear all the bad news/rumors about this company.

[pumping]

Originally Posted by nosa2

could this be another diamond in the rough, they've got about 500m outstanding shares now if they can replicate this quarter's result for the remaining 3 quarters then we'll be looking at full year pat of about 250m which gives eps of about 50k and with the price hovering between N2-N3 (which happens to be close to its 52 week low) thats a pe of about 6 and assuming they pay 50% as dividend which would be about 25k we're looking at a potential dividend yield of about 10%. I have a couple of questions thou what on earth do these guys do? Apart from the bonus they have in 2007 have they compensated their shareholders in any other way? Whats the ownership structure like? Plus i need to hear all the bad news/rumors about this company.

Cutix is into manufaturing. Mainly cables. See the website below.

Cutix Nigeria Plc

They give dividends regularly at least in the last 4 years. 12k is the norm.

The stock is relatively illiquid so that is one source of worry and it is hard to rely on linear projection for their earnings. For instance last year, Q-3 PAT was 92m but FY was 78m.

Otherwise, I agree that if they maintain this level of earnings, there is great potential here.

[123.rado]

CUTIX PLC
7 September 2010

Corporate Actions
Proposed Dividend: 12k
Proposed Bonus: Nil
Payment Date: Nil
Closure Date: 18 – 22 October 2010
AGM Date: 29 October 2010
AGM Venue: Nil

[123.rado]

CUTIX PLC
28 September 2010
Unaudited Q1 (July) 2010

Profit and Loss Information
Turnover 10 N341.147m 09 N366.216m
PBT 10 N18.548m 09 N69.296m
Tax 10 (N5.564m) 08 Nil
PAT 10 N12.984m 09 N69.296m

Balance Sheet Information
Fixed Assets 31-07-10 N374.945m 30-04-10 N376.969m
Investments 10 N100,000 10 N100,000
Stock 10 N372.880m 10 N288.707m
Cash And Bank Balances 10 N65.814m 10 N25.320m
Other Debit Balances 10 N200.433m 10 N369.773m
Short Term Borrowings 10 N141.689m 10 N133.324m
Other Credit Balances 10 N379.230m 10 N370.953m
Working Capital 10 N203.183m 10 N182.612m
Net Assets 10 N493.252m 08 N474.705m

[Oracle]

Cutix Plc declares N42.42 million PAT in Q2 2010 result. - Proshare

[Salida]

Cutix Plc Appoints new acting Company Secretary

January 19, 2012

The Company has notified The Exchange of the appointment of Mrs. Ijeoma Agnes Oduonye as the new acting Company Secretary.

Oduonye holds Ordinary National Diploma (OND from Federal Polytechnic Kaura Namoda, Sokoto State, in 1991, before obtaining her Higher National Diploma (HND) in 1996 from Federal Polytechnic Oko, Anambra State.

Prior to this appointment, she was the Head; Administrative Services Department of Cutix Plc. She is 43 years old and she is married.