Mwalimu Commercial Bank Plc (MCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2019 interim results for the forth quarter.For more information about Mwalimu Commercial Bank Plc (MCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Mwalimu Commercial Bank Plc (MCB.tz) company page on AfricanFinancials.Document: Mwalimu Commercial Bank Plc (MCB.tz) 2019 interim results for the forth quarter.Company ProfileMwalimu Community Bank Limited (MCB) is a commercial bank which is wholly-owned and promoted by an umbrella trade union of teachers in Tanzania. Tanzania Teacher’s Union (TTU) is a trade union established under the Employment and Labour Relations Act 2004. There are over 200 000 members across all regions in the country. MCB meets an important need to provide affordable and accessible banking products and services to teachers in Tanzania. MCB offers a diverse range of products and services geared to empower teachers and other civil servants to improve their living conditions and transform their lives. Mwalimu Community Bank Limited is listed on the Dar es Salaam Stock Exchange
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Engen Botswana Limited (ENGEN.bw) listed on the Botswana Stock Exchange under the Energy sector has released it’s 2019 annual report.For more information about Engen Botswana Limited (ENGEN.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Engen Botswana Limited (ENGEN.bw) company page on AfricanFinancials.Document: Engen Botswana Limited (ENGEN.bw) 2019 annual report.Company ProfileEngen Botswana Limited, listed on the Botswana Stock Exchange, is a petroleum company which markets and distributes fuel and lubricants through a network of retail outlets in Botswana. The company has a national footprint with approximately 1 500 service and filling stations located in the major towns and cities of Botswana, including 600 filling stations which have an onsite convenience shop. The company also has interests in property management and letting. Engen Botswana Limited is a subsidiary of Petroleum Investment Holdings Limited.
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Our 6 ‘Best Buys Now’ Shares Coats Group’s share price soars as it upgrades earnings forecast Royston Wild | Wednesday, 19th May, 2021 | More on: COA The Coats Group (LSE: COA) share price has soared in midweek business following the release of fresh trading numbers. Broader UK share markets are struggling for momentum as persistent inflation fears plague investor confidence. But prices of this FTSE 250 company have just sailed to multi-month highs.At 62.46p per share, the Coats Group share price rose to its most expensive since 23 March. It’s since settled lower at 62p but remains 5% higher on Wednesday.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Expectations upgradedCoats Group — which describes itself as “the world’s leading industrial thread manufacturer” — said that its full-year performance is “anticipated to be slightly ahead of our previous expectations” following a strong start to 2021.The FTSE 250 firm said that revenues were up 28% year-on-year between 1 January and 30 April, whilst on an organic basis sales were 26% higher. Coats Group noted that it has also returned to organic growth from 2019 levels, with sales using this measurement up 1% in the period.The company has witnessed “improving momentum and recovery” at its Apparel and Footwear division. Organic sales here soared 30% year-on-year, with robust volume growth resulting in increased factory activity. Organic revenues were flat versus the same four months of 2019, though encouragingly, comparable sales at its threads sub-division were up 2% versus that period two years ago. Its threads operations account for almost nine-tenths of turnover at Apparel and Footwear. The recovery in its zips business has been slower, however.Elsewhere, Coats Group said that organic revenues at its Performance Materials unit were up 14% year-on-year. They were also up 4% from the first four months of 2019. The business said that all segments here were “performing well”, except for Personal Protection. Trading here has been challenging due to staff availability problems, and particularly so at the US Yarns operation.Finally, Coats Group said that “pricing and productivity actions are being successfully implemented to offset inflationary pressures… in the supply chain.” The FTSE 250 company has been facing rising labour, transport and raw materials costs recently.Coats Group lauds improving momentumCommenting on the firm’s recent performance, chief executive Rajiv Sharma said that “we are pleased to have seen recovery and positive momentum during the period, which resulted in a strong operational performance and a return to growth versus 2019.“Whilst we remain vigilant around the ongoing Covid pandemic, given the improving end market sentiment, we anticipate that the recovery in our trading will continue and that our anticipated performance for the year will be slightly ahead of our previous expectations.” City analysts think annual earnings at Coats Group will balloon 127% year-on-year in 2021. This results in a forward price-to-earnings growth (PEG) ratio of 0.1. Conventional investing wisdom says that a reading below 1 might suggest that a share is undervalued by the market. Coats Group’s dividend yield for this year, meanwhile, sits at 2.1%. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Coats Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Royston Wild