Announcement • Mar 02
Societe Generale Ghana PLC, Annual General Meeting, Jun 10, 2026 Societe Generale Ghana PLC, Annual General Meeting, Jun 10, 2026. Announcement • Mar 04
Societe Generale Ghana PLC, Annual General Meeting, Jun 11, 2025 Societe Generale Ghana PLC, Annual General Meeting, Jun 11, 2025. Reported Earnings • Aug 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: GH₵280.9m (up 5.0% from 2Q 2023). Net income: GH₵73.7m (down 13% from 2Q 2023). Profit margin: 26% (down from 32% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa. Reported Earnings • Apr 27
First quarter 2024 earnings released First quarter 2024 results: EPS: GH₵0.53. Revenue: GH₵302.5m (up 18% from 1Q 2023). Net income: GH₵94.1m (up 19% from 1Q 2023). Profit margin: 31% (in line with 1Q 2023). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Africa. Announcement • Apr 04
Societe Generale Ghana PLC, Annual General Meeting, May 08, 2024 Societe Generale Ghana PLC, Annual General Meeting, May 08, 2024, at 11:00 Coordinated Universal Time. Agenda: To receive and adopt the Financial Statements of the Company (together with the reports of the directors and the auditors of the Company for the year ended 31 December 2023; to re-elect Directors of the Company retiring by rotation and being eligible offer themselves for re-election; to elect Mr. Magloire Nguessan as Director of the Company appointed during the year and being eligible, offers himself election; to approve Directors' fees; to appoint Auditors; and to authorize the Directors to determine the remuneration of the Auditors. Price Target Changed • Apr 02
Price target increased by 20% to GH₵1.72 Up from GH₵1.43, the current price target is provided by 1 analyst. New target price is 9.6% above last closing price of GH₵1.57. Stock is up 153% over the past year. The company posted earnings per share of GH₵0.15 last year. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: GH₵0.60 (vs GH₵0.15 in FY 2022) Full year 2023 results: EPS: GH₵0.60 (up from GH₵0.15 in FY 2022). Revenue: GH₵1.14b (up 120% from FY 2022). Net income: GH₵424.8m (up 290% from FY 2022). Profit margin: 37% (up from 21% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: GH₵309.7m (up 97% from 3Q 2022). Net income: GH₵114.0m (up 210% from 3Q 2022). Profit margin: 37% (up from 23% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Africa. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to GH₵1.44, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Banks industry in Africa. Total returns to shareholders of 185% over the past three years. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ghanaian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (GH₵567.3m market cap, or US$52.0m). Reported Earnings • Jul 30
First half 2023 earnings released First half 2023 results: Revenue: GH₵514.8m (up 43% from 1H 2022). Net income: GH₵158.4m (up 42% from 1H 2022). Profit margin: 31% (in line with 1H 2022). New Risk • Jul 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (GH₵475.1m market cap, or US$43.3m). Price Target Changed • Nov 16
Price target increased to GH₵1.92 Up from GH₵1.08, the current price target is provided by 1 analyst. New target price is 92% above last closing price of GH₵1.00. Stock is down 17% over the past year. The company posted earnings per share of GH₵0.26 last year. Reported Earnings • Oct 26
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: GH₵157.5m (down 20% from 3Q 2021). Net income: GH₵36.8m (down 50% from 3Q 2021). Profit margin: 23% (down from 38% in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Banks industry in Ghana. Upcoming Dividend • Oct 07
Upcoming dividend of GH₵0.063 per share Eligible shareholders must have bought the stock before 14 October 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 6.8%. Lower than top quartile of Ghanaian dividend payers (14%). Lower than average of industry peers (9.6%). Announcement • Sep 27
Societe Generale Ghana Limited Recommends Final Dividend for the Financial Year 2021, Payable on December 5, 2022 Societe Generale Ghana Limited (SOGEGH) announced that its directors will be recommending to the shareholders the payment of a final dividend of GHC 0.0682 per share for the 2021 financial year. Qualifying date: all shareholders registered in the books of SOGEGH at the close of business on October 18, 2022, will qualify for the final dividend. Closure Date: The register of shareholders will be closed from October 19, to October 20, 2022. (Both dates inclusive) Ex-Dividend Date: In view of the foregoing, the ex-dividend date has been set as October 14, 2022. Consequently, an investor purchasing SOGEGH shares before this date will be entitled to the final dividend. However, an investor buying SOGEGH shares on or after October 14, 2022, will not be entitled to the final dividend. Dividend Payment Date: The final dividend if approved will be paid on December 5, 2022. Reported Earnings • Aug 03
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: GH₵219.1m (up 67% from 2Q 2021). Net income: GH₵79.9m (up 147% from 2Q 2021). Profit margin: 37% (up from 25% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 23% growth forecast for the industry in Africa. Reported Earnings • Apr 29
First quarter 2022 earnings released First quarter 2022 results: EPS: GH₵0.18. Revenue: GH₵141.4m (up 4.6% from 1Q 2021). Net income: GH₵31.7m (down 11% from 1Q 2021). Profit margin: 22% (down from 26% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27%, compared to a 25% growth forecast for the industry in Africa. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Juliana Asante was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Feb 26
Societe Generale Ghana PLC, Annual General Meeting, Sep 29, 2022 Societe Generale Ghana PLC, Annual General Meeting, Sep 29, 2022, at 11:00 Coordinated Universal Time. Agenda: To receive and adopt the Financial Statements of the Company (together with the reports of the directors and the auditors of the Company) for the year ended 31 December 2021; to declare a Dividend; to re-elect the Directors retiring by rotation pursuant to Section 60 of the Company's Constitution who being eligible offer themselves for re-election; and to discuss other matters. Reported Earnings • Oct 26
Third quarter 2020 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2020 results: Revenue: GH₵118.8m (up 2.0% from 3Q 2019). Net income: GH₵27.8m (down 19% from 3Q 2019). Profit margin: 23% (down from 30% in 3Q 2019). The decrease in margin was driven by higher expenses. Price Target Changed • Oct 26
Price target increased to GH₵1.92 Up from GH₵1.04, the current price target is provided by 1 analyst. New target price is 60% above last closing price of GH₵1.20. Stock is up 85% over the past year. The company posted earnings per share of GH₵0.18 last year. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 25% share price gain to GH₵1.25, the stock trades at a trailing P/E ratio of 6.4x. Average forward P/E is 5x in the Banks industry in Ghana. Total returns to shareholders of 34% over the past three years. Upcoming Dividend • Sep 17
Upcoming dividend of GH₵0.10 per share Eligible shareholders must have bought the stock before 24 September 2021. Payment date: 26 November 2021. Trailing yield: 11%. Within top quartile of Ghanaian dividend payers (8.5%). Higher than average of industry peers (7.9%). Reported Earnings • Sep 16
Third quarter 2020 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2020 results: Revenue: GH₵118.8m (up 2.0% from 3Q 2019). Net income: GH₵27.8m (down 19% from 3Q 2019). Profit margin: 23% (down from 30% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Jul 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Francis Awua-Kyerematen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Feb 27
Societe Generale Ghana Limited, Annual General Meeting, May 18, 2021 Societe Generale Ghana Limited, Annual General Meeting, May 18, 2021. Agenda: to propose the payment of a dividend for the year ended December 31, 2020. Price Target Changed • Nov 04
Price target lowered to GH₵0.96 Down from GH₵1.06, the current price target is provided by 1 analyst. The new target price is 51% above the current share price of GH₵0.64. As of last close, the stock is down 1.5% over the past year. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of GH₵139.6m, up 50% from the prior year. Total revenue was GH₵493.2m over the last 12 months, up 17% from the prior year. Announcement • Oct 28
Societe Generale Ghana Limited to Report Q3, 2020 Results on Oct 26, 2020 Societe Generale Ghana Limited announced that they will report Q3, 2020 results on Oct 26, 2020 Announcement • Oct 03
SOGEGH Appoints Mrs. Margaret Boateng Sekyere as Chair of Board of Directors SOGEGH announced the appointment of Mrs. Margaret Boateng Sekyere as Chair of the Board of Directors, effective October 1, 2020.