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Pharma Deko to Consider Dividend Offer to Investors at Board Meeting

January 15, 2018/NSE Pharma Deko PIc. The Company has scheduled a discussion on dividends as one of the items to discuss:  1. Date of Meeting:                 26th of January 2018. 2… Read more »

Vitafoam Announces 15Kobo Per Share Dividend in 2017

January 8, 2017/NSE At a meeting of the Board of Directors held on 19th December, 2017, the following Resolutions were passed:  1. Approval of Audited Accounts The Group Audited Financial Statements… Read more »

PZ Posted an FX-Related Loss of –N779m in Q2 while OPEX Grew by 23% YoY

Culled—Proshare December 15, 2017/FBNQuest Research Event:                       PZ Cussons Nigeria reports Q2 2018 (end-Nov) results Implications:        Neutral to slightly positive reaction by the market likely Positives:                Q2 sales… Read more »

Stocks Sustain Bearish Run on Sell-Offs in Major Banking, Industrial Goods Counters

December 14, 2017/InvestmentOne Research Similar to yesterday, the equities market ended today’s trading session on a bearish note as the NSE-ASI shed -1.56% to close down at 37,950.73pts.  Market breadth… Read more »

Analysts Confidence in FirstBank Share Price Justified; Records 153.43% YTD Appreciation

Culled—Proshare 7/12/2017/Proshare Research  Like other banking stocks, the share price of FBNH has seen a significant appreciation in the year 2017. Yesterday, December 06, 2017, the bank’s share price hit… Read more »

Q3 2017 Report: Zenith Bank Records Average Performance

December 6, 2017/Cowry Assets Zenith Bank Records Average Performance In our assessment, relative to the banking industry, Zenith Bank Plc recorded average performance for 9mths to September 2017. Taking into… Read more »

FCMB Group Plc: Earnings Miss But Investment in Legacy Provides Optimism

Culled–Proshare November 27, 2017/Vetiva Research ·         PAT declines 58% y/y – 19% below our estimate ·         Lower FX income offsets benefit of moderating loan loss provision ·         Funding cost bites… Read more »

Unilever Nigeria Q2 and Q3 2017 Results Review: Longer Term Prospects Supported By Capital Raise

Culled—Proshare November 24, 2017/FBNQuest Research  Increase to earnings estimates Unilever Nigeria successfully raised N58.9bn via a rights issue in September, adding 1.96bn shares to the existing 3.78bn shares. Management disclosed… Read more »

Dangote Sugar: Rating Upgraded to BUY on Upward Revision to 2018-2019F Estimates

November 18, 2017/Cordros Report Despite cuts to sales estimates, we raise DANGSUGAR’s 2017F EBITDA and net profit by 50% each, and for 2018-2019F by 55% and 56% respectively. The upward… Read more »

Nestle: Upward Revision to 2018-2019F Estimates; SELL Rating Maintained

November 15, 2017/Cordros Research Following Q3-17 result, we raise NESTLE’s 2017F EBITDA estimate by 10% but cut net profit by 9.7%, on net, equating to growth forecasts of 51% (previously… Read more »