Top Penny Stocks

COMPANY EQUITY TRADING DATA

Multiverse
Resource
Plc
Multiverse
Resource
Plc

Plc
Price
as
@
7th
July
2009
(N)
0.65

0.65

Bull
Points

Bull
Points

Multiverse
boast
boasts
of
4
quarry
sites
Latest
Dividend
Per
Share

(N
Latest
Dividend
Per
Share

(N)
0.04

0.04

scattered
across
Nigeria
with
a
total
installed
Current
Dividend
Yield

Current
Dividend
Yield
6.15%

6.15%

capacity
of
1,400
tons
per
hour
and
granite
Year
End

Year
End
Dec.

Dec.

reserve
of
44
million
metric
tons
reserve
of
44
million
metric
tons
Year-
Year-To-
To-Date
%
Return

Date
%
Return
-0.99

0.99

With
construction
and
development
Year
High
Price

Year
High
Price
0.97

0.97

across
the
states
of
the
Federation,

across
the
states
of
the
Federation,
its
products
Year
Low
Price

Year
Low
Price
0.50

0.50

remain
a
ready
market.
remain
a
ready
market.
Projected
EPS

Projected
EPS
0.21

0.21

Very
attractive
price
Very
attractive
price
Projected
PER

Projected
PER
3.12

3.12

Target
Price
(NGN)

Target
Price
(NGN)
1.04

1.04

Projected
Capital
Gain
(%)

Projected
Capital
Gain
(%)
60.24%

60.24%

Mass
Telecom
Innovation
Plc

Mass
Telecom
Innovation
Plc
Price
as
@
7th
July
2009
(N)
0.54

0.54

Bull
Points

Bull
Points
Latest
Dividend
Per
Share

(N
Latest
Dividend
Per
Share

(N)
-

The
newly
emerged
3
strategic
Current
Dividend
Yield

Current
Dividend
Yield
-

business
units
are
expected
to
drive
the
Year
End

Year
End
Dec.

Dec.

company’s
revenue
on
the
medium
term
company’s
revenue
on
the
medium
term
Year-
Year-To-
To-Date
%
Return

Date
%
Return
-81.69

81.69

Outlook
for
the
industry
looks
Year
High
Price

Year
High
Price
2.95

2.95

positive
with
relatively
low
telecommunication
in
Year
Low
Price

Year
Low
Price
0.50
0.50

50

Nigeria,
growth
prospects
are
quite
high
Nigeria,
growth
prospects
are
quite
high
Projected
EPS

Projected
EPS
0.12

0.12

The
firm
forecasts
an
after
The
firm
forecasts
an
after-tax
profit
Projected
PER

Projected
PER
4.40

4.40

in
excess
of
N600m

by
year
end.
Target
Price
(NGN)

Target
Price
(NGN)
0.84

0.84

Projected
Capital
Gain
(%)

Projected
Capital
Gain
(%)
55.56%

55.56%

Consolidated
Hallmark
Insurance

Consolidated
Hallmark
Insurance

Plc

Plc
Price
as
@
7th
July
2009
(N)
0.74

0.74

Bull
Points

Bull
Points

Bull
Points

Its
risk
management
and
insurance
Latest
Dividend
Per
Share

(
Latest
Dividend
Per
Share

(N
Share

(N)
0.00

0.00

services
covers
virtually
all
classes
of
the
Current
Dividend
Yield

Current
Dividend
Yield
0.00%

0.00%

insurance
business
Year
End

Year
End
Dec.

Dec.

A
young
and
high
quality

Year-
Year-To-
To-Date
%
Return

Date
%
Return
-30.84

30.84

management
team
with
robust
and
and
customized

I.T
platform
Year
High
Price

Year
High
Price
1.07

1.07

At
74k,
an
exit
price
of
at
least
N1.00
Year
Low
Price

Year
Low
Price
0.50

0.50

is
easily
achievable

Projected
EPS

Projected
EPS
0.25

0.25

Despite
the
insurance
sector
exposure

towards
the
capital
market,
Hallmark’s
Q1
interim
Projected
PER

Projected
PER
2.90

2.90

result
looks
promising.
result
looks
promising.
Target
Price
(NGN)

Target
Price
(NGN)
1.27

1.27

Projected
Capital
Gain
(%)

Projected
Capital
Gain
(%)
72.26%

72.26%

Sovereign
Insurance
Plc
Sovereign
Insurance
Plc

Insurance
Plc
Price
as
@
7th
July
2009
(N)
0.72

0.72

Bull
Points

Bull
Points

Bull
Points

Latest
Dividend
Per
Share

(N
Latest
Dividend
Per
Share

(N)
0.03

0.03

Sovereign
parades
tailor-made
Current
Dividend
Yield

Current
Dividend
Yield
4.17%

4.17%

security
and
pension
solutions
with
full
coverage
Year
End

Year
End
Dec.

Dec.

of
both
life
and
non-life
insurance
products
life
insurance
products

Year-
Year-To-
To-Date
%
Return

Date
%
Return
-34.29

34.29

Sovrenins
s
is
currently
trading
at
is

support
level
Year
High
Price

Year
High
Price
1.28

1.28

Its
forward

Its
forward
PER
clearly
shows
that
the
Year
Low
Price

Year
Low
Price
0.68

0.68

stock
is
grossly,
if
not
ridiculously,
undervalued
grossly,
if
not
ridiculously,
undervalued

Barring
all
unforeseen
circumstances,
Projected
EPS

Projected
EPS
0.29

0.29

year
low
price
of
68k
may
not
be
attainable
again.
ear
low
price
of
68k
may
not
be
attainable
again.

Projected
PER

Projected
PER
2.49

2.49

Target
Price
(NGN)

Target
Price
(NGN)
1.45

1.45

Projected
Capital
Gain
(%)

Projected
Capital
Gain
(%)

100.84%

100.84%

NOTE: The Capital Market is a market for long-term

term investment, however, we advice that you set your price target in order to lock-in
in a reasonable profit whenever such opportunity arises. Investment horizon of a
minimum of 2 years will be adviseable.

Important Disclosures
This
report
is
produced
by
the
Research
Desk,
Cowry
Asset
Management
Limited
(CAML)
as
a
guideline
for
Clients
that
inte
This
report
is
produced
by
the
Research
Desk,
Cowry
Asset
Management
Limited
(CAML)
as
a
guideline
for
Clients
that
intend
to
invest
in
securities
on
the
basis
of
their
own
investment
decision

nd
to
invest
in
securities
on
the
basis
of
their
own
investment
decision

without
relying
completely
on
the
information
contained
herein.
The
opinion
contained
herein
is
for
information
purposes
only
without
relying
completely
on
the
information
contained
herein.
The
opinion
contained
herein
is
for
information
purposes
only
and
does
not
constitute
any
offer
or
solicitation
to
ente
and
does
not
constitute
any
offer
or
solicitation
to
enter
into
any

trading
transaction.
While
care
has
been
taken
in
preparing
this
document,
no
responsibility
or
liability
whatsoever
is
accep
trading
transaction.
While
care
has
been
taken
in
preparing
this
document,
no
responsibility
or
liability
whatsoever
is
accepted
by
any
member
of
CAML
for
errors,
omission
of
facts,
and
any
direct

ted
by
any
member
of
CAML
for
errors,
omission
of
facts,
and
any
direct

or
consequential
loss
arising
from
the
use
of
this
report
or
its
contents.
is
report
or
its
contents.