Société des caoutchoucs de Grand-Béréby (SOGB), a company listed on the Regional Stock Exchange of
securities (BRVM), common to WAEMU member countries, announced that it would distribute a little
more than 3 billion FCFA in dividends to its shareholders, on behalf of the year 2019. For each
of the shares held by its investors, they will receive a remuneration of 140 FCFA before the application
of the tax on income from movable capital.
For an investor buying SHARES of SOBG at its value today, this would represent a
dividend yield of 10.1%; an investment reward better than the 9.4% that
net dividend for the year 2019.
The company has good reasons to distribute 67% of its net profit. It reached 4.53 billion
FCFA in 2019, up 52.2%. An increase in volume sales and an increase in prices rubber contributed significantly to this performance.
Investors will be attentive to the evolution of the year 2020. It started with a fall in
prices rubber throughout the first quarter.
The company doesn't give many details about its financial performance. However
that despite having experienced an increase in its manufactured products, SOGB generated in its cash 5.8
billion FCFA of its operating activities against 9.5 billion FCFA in 2018. Similarly, there is a
significant increase in its financial debt in its liabilities.
At the end of the financial year, it reached 10 billion CFA francs; which represents a growth of 221.3% in
comparison with its 2018 level. The company has thus improved its cash flow by 6 billion FCFA, due to
especially foreign capital and debt at the local level. Details on the profile of financial creditors
since the company is not available, it is difficult to anticipate the real impact of its debt in its future
performance.
Not all investors seem delighted with the gift offered. SOGB stock ended the April 21
2020 on a decline of 2.46%, the fourth largest decline in the sub-regional financial market. 5302 ses
Securities were traded in this downward environment. A notable activity when we know that the average
daily trading on this value is 4154 securities.