REDSTAREX • NSE

Red Star Express Plc

3.38

NGN

Open Price

3.38

Previous Close

3.38

Today’s Range

3.38 - 3.38

Number of Deals

Volume Traded

24,470.00

Value Traded

77,610.00

52 Weeks High

4.54

52 Weeks Low

2.30

Market Cap

1,992,497,527.80

YTD Price Performance

20.71 %

Resolutions Passed at the 30th AGM of Red Star Express Plc

September 16th, 2023 at 9:59 PM

Red Star Express Plc Announces Resolutions Passed at Board Meeting

March 3rd, 2023 at 6:41 AM

Red Star Express Plc to Hold Board Meeting on February 23, 2023

February 13th, 2023 at 3:25 PM

Red Star Express Plc Changes Operating Business Model

October 28th, 2022 at 5:44 AM

Red Star Express Plc to Hold Board Meeting on October 27, 2022; Declares Closed Period

October 28th, 2022 at 5:44 AM

Red Star Express Plc Notifies of Dealings in 0.13m Volume of Shares by Sulaiman Koguna

September 7th, 2022 at 11:22 AM

Red Star Express Plc Notifies of Dealings in 0.43m Volume of Shares by Sulaiman Koguna

August 31st, 2022 at 11:52 AM

Red Star Express Plc Notifies of Dealings in 0.31m Volume of Shares by Sulaiman Koguna

August 25th, 2022 at 11:15 AM

Red Star Express Plc Notifies of Dealings in 0.078m Volume of Shares by Sulaimon Konuga

August 18th, 2022 at 8:03 PM

Red Star Express Plc Notifies of Dealings in 0.078m Volume of Shares by Sulaiman Koguna

August 16th, 2022 at 11:32 AM

Key Stats

Shares Outstanding

589,496,310.00

Net Assets

4,313.00

Book Value Per Share

7.32

Sector P/E

35.04

EPS

0.20

P/E

16.90

ROE

0.00

Dividend Yield

5.92

About Company

Red Star Express Plc provides a portfolio of full logistic solutions in Nigeria which includes, but not limited to International and Domestic express delivery, Freight Forwarding, Integrated Logistics Solutions, Information and Document Management Solutions, Warehousing, Packaging Services, Food Delivery, Agriculture Logistics and E-commerce Solutions.

Sector

Services

Sub Sector

Courier/Freight/Delivery

Management

Address

"70, International Airport Road Lagos."

Phone No

Email Address

Website

Board of Directors

Barau, Suleiman (OON, fcib, fnim)

Sideso, Chioma

Bichi, Umar Sule

Babura, Badamasi Auwalu (FCA, M.IoD)

Dangana, Aminu

Ukwat, Enobong Victor (fnim, M.IoD)

Akpomuka, Ndidi Frances

Obabori, Olusola Peter (Ph.D, fnimn, M.IoD)

Koguna, Lawan Sulaiman

Social Media Accounts

Subsidiary

Red Star Support Services Limited

Red Star Freight Limited

Red Star Logistics Limited

Company Secretary

Akpomuka, Ndidi Frances

End of Accounting Year

31 Mar

Listing Date

14/11/2007

Company Registrar

United Securities Limited

Regulatory Status

CG+

Free Float

0.00

Auditor

Ernst & Young

Shareholding Pattern

Analyst Reports

Q4 2022 Unaudited Financial Statements for the Period ended 31st December 2022 – Red Star Express Plc

Red Star Express Plc releases its Q4 Financial Statement for the Period ended 31st December 2022

January 27th, 2023 at 3:01 PM

Q3 2022 Unaudited Financial Statements for the Period ended 31st December 2021 – Red Star Express Plc

March 11th, 2022 at 12:35 AM

Income

Q1, 2023 and Q1, 2022 Financial Performance Comparison

Profit & loss information

Description	Q 1, 2023 N'm	Q 1, 2022 N'm	% Change
Gross Earnings	0.00	0.00	+ 0.00%
Profit Before Tax	0.00	0.00	+ 0.00%
Income Tax Expense	-57.00	-32.00	+ 78.13%
Taxation	0.00	0.00	+ 0.00%
Profit After Tax	119.00	68.00	+ 75.00%
Fixed Assets	2,914.00	2,602.00	+ 11.99%
Total Assets	8,364.00	7,634.00	+ 9.56%
Customers Deposits	0.00	0.00	+ 0.00%
Loans and Advances	0.00	0.00	+ 0.00%
Total Liabilities	4,050.00	3,333.00	+ 21.51%
Borrowings	0.00	0.00	+ 0.00%
Cash Flow From Operating Activities	0.00	0.00	+ 0.00%

Income

Description	Q 1, 2023 N'm	Q 2, 2022 N'm	Q 1, 2022 N'm	Q 4, 2021 N'm	Q 3, 2021 N'm
Gross Earnings	0.00	0.00	0.00	0.00	0.00
Gross Premium Written	0.00	0.00	0.00	0.00	0.00
Revenue	0.00	0.00	0.00	0.00	0.00
Turnover	3,240.00	3,118.00	2,810.00	9,458.00	6,595.00
Interest And Similar Income	0.00	0.00	0.00	0.00	0.00
Gross Premium Income	0.00	0.00	0.00	0.00	0.00
Cost Of Sales	-2,468.00	-2,457.00	-2,203.00	-7,120.00	-5,235.00

Description	Q 1, 2023 N'm	Q 3, 2022 N'm	Q 2, 2022 N'm	Q 1, 2022 N'm	Q 4, 2021 N'm
Property Plant And Equipment	2,914.00	2,754.00	2,641.00	2,602.00	2,550.00
Fair Value Movements On Equity Instruments	0.00	0.00	0.00	0.00	0.00
Value Through Profit Or Loss	0.00	0.00	0.00	0.00	0.00
Intangible Assets	41.00	55.00	52.00	47.00	45.00
Fair Value Movements On Debt Securities	0.00	0.00	0.00	0.00	0.00
Management Expenses	0.00	0.00	0.00	0.00	0.00
Other Non Current Assets	0.00	0.00	0.00	0.00	0.00

Description	Q 1, 2023 N'm	Q 3, 2022 N'm	Q 2, 2022 N'm	Q 1, 2022 N'm	Q 4, 2021 N'm	Trend
Cash Flow From Operating Activities	0.00	0.00	0.00	0.00	0.00
Total Premium Received	0.00	0.00	0.00	0.00	0.00
Receipt From Reinsurance Recovery	0.00	0.00	0.00	0.00	0.00
Reinsurance Premium Paid	0.00	0.00	0.00	0.00	0.00
Profit For The Period	0.00	0.00	0.00	0.00	0.00
Commission Received	0.00	0.00	0.00	0.00	0.00
Claims Recoveries	0.00	0.00	0.00	0.00	0.00

Remark	Date
To review and approve the Third Quarter Unaudited Financial Statements of the Company for the quarter ended 31st December 2021	1/27/2022
To review the 2014/2015 financial reports which will include deliberations on dividend amongst others	6/25/2015
To review the 2013/2014 financial reports which will include deliberations on dividend amongst others	6/26/2014
To review the 2010/2011 financial report	6/28/2011

Dividend	Dividend Type	Announement Date	Payment Date	Date
0.20	Final Dividend	7/10/2023	9/15/2023	7/11/2023
0.05	Final	6/30/2021	9/23/2021	9/10/2021
0.35	Final	8/28/2020	10/15/2020	9/21/2020
0.43	Interim	7/2/2019	8/15/2019	7/17/2019
0.40	Final	7/7/2017	9/7/2017	8/2/2017
0.35	Final	7/28/2015	9/14/2015	8/5/2015
0.35	Final	6/27/2014	8/25/2014	7/28/2014
0.32	Final	8/13/2013	9/19/2013	9/2/2013
0.30	Final	7/2/2012	9/14/2012	8/10/2012
0.30	Final	7/20/2011	9/15/2011	8/19/2011

Bonus	Bonus Type	Announement Date	Payment Date	Date

New Face Value	Old Face Value	Exsplit Date	Announement Date

Book Closure	Address	Announement Date	Date
8/21/2023	11am	7/10/2023	9/14/2023
3/28/2023	Welcome Centre Hotel International Airport Road, Lagos at 11am	2/28/2023	3/30/2023
9/6/2021	Radisson Hotel, GRA, Ikeja, Lagos at 11am	6/30/2021	9/16/2021
9/21/2020	Radisson Blu Hotel, Issac John, GRA, Ikeja Lagos.	8/28/2020	10/8/2020
7/17/2019	MUSON Centre, Onikan, Lagos	7/2/2019	8/8/2019
8/2/2017	Welcome Center Hotels, International Airport Road, Mafoluku, Lagos.	7/28/2017	8/31/2017
8/5/2015	Welcome Center Hotel, International Airport Road, Lagos.	7/28/2015	9/3/2015
7/28/2014	Venue will be communicated in due course	6/27/2014	8/14/2014
9/2/2013	NULL	8/13/2013	9/19/2013
8/19/2011	The Welcome Centre, Int’l Airport Road, Lagos	7/20/2011	9/8/2011

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Name of chart*

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Name of chart*

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Q 1, 2023

Price to book

0.46
Price to sales

0.61
Dividend yield

5.92
Net Debt

-713.00
Price Earning Including Extra Items

16.74
Price Earning Normalized

17.52
Price To Free Cash Flow

2.28
Price To Tangible Book

0.24

Margin Ratio
Q1

Q 1, 2023

Gross Revenue Margin

176.17
Gross Profit Margin

176.17
Net Interest Margin

0.00
Net Profit Margin

3.67
Operating Cash Flow/Revenue

19.57
Operating Profit Margin (%)

0.00
Pretax Margin

0.00

Growth Ratio
Q1

Q 1, 2023

Book Value Growth Rate

-2.93
Capital Expenditure Growth Rate

-60.72
Deposit Growth

0.00
Dividend Growth

300.00
EBITDA

-36.00
EPS Growth Rate

0.00
Fixed Asset Growth

5.81
Impairment Growth

0.00
Loan Growth

0.00
Net Assets growth

-2.93
Net Profit Margin Growth Rate

0.00
Operating Cash Flow

634.00
Revenue Growth

3.91
Shareholder Fund Growth

-2.93
Total Assets Growth

7.11
Total Liabilities Growth

20.32

Per Share Ratio
Q1

Q 1, 2023

Book Value per share

7.32
Cash Per Share

1.21
Dividend Per Share

0.20
EPS Basic Excl. Extra Items

0.20
EPS Excl. Extra Items

0.20
EPS Incl. Extra Items

0.00
EPS Normalized

0.20
Revenue Per Share

5.50

Financial Strength Ratio
Q1

Q 1, 2023

Acid Test Ratio

1.35
Claims Ratio

0.00
Cost to Income Ratio

0.00
Current Ratio

1.37
Investment Ratio

0.00
Leverage Ratio

0.00
Liquidity Ratio

0.09
Long Term Debt/Equity

0.00
Net Interest Coverage

0.00
Payout Ratio

0.99
Quick Ratio

1.35
Reserve Ratio

0.00
Total Debt/Total Equity

0.00

Management Effectiveness Ratio
Q1

Q 1, 2023

Annual % Change in Highest Directors Pay

0.00
Annual % Change in PBT

0.00
Annual % Change in Share Price

6.29
Annual % Change in Staff Cost

0.00
Asset Turnover

0.39
Dividend Payout Ratio

0.99
Highest Directors’ Pay to PBT Ratio

0.00
Highest Directors’ Pay to Revenue Ratio

0.00
Highest Directors’ Pay vs PBT

0.00
Highest Directors’ Pay vs Revenue

0.00
Highest Directors’ Pay vs Staff Cost

0.00
Inventory Turnover

-25.44
Net Income/Employee

17.00
Receivables Turnover

0.00
Return on Assets

0.00
Return on Average Assets

0.01
Return on Average Equity

0.00
Return on Equity

0.00
Return on Investment

0.00
Revenue/Employee

462.86
Staff Cost vs PBT

0.00
Staff Cost vs Revenue

0.00

Price performance

1 week

1 month

3 months

-15.29%

6 months

12.67%

9 months

-7.40%

1 years

20.71%

Volume analysis

1 week

-77.22%

1 month

134.10%

3 months

-91.75%

6 months

-92.33%

9 months

-94.82%

1 years

307.83%

RELATED MEDIA

SIMILAR STOCKS

Proshare is a professional practice focused on delivering research and information services to bridge the gap between investors and markets; by delivery on credible, reliable, and timely engagements through the following areas — Impact Research, Market Intelligence, Strategic Advisory, Stakeholder Relations & Digital Media.