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CONOIL Reports N4.3 Billion Pretax Profit, Offers Investors N3.10 Total Dividend in 2016

By Kingsley Ogunwa InvestAdvocate Click here to download full PDF Report Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc on Wednesday said its pretax profit for the period ended December 31, 2016… Read more »

Ecobank’s shareholders approve $400 million convertible bond issue to strengthen Group’s capital position

June 18, 2017/ETI Lomé-During the 29th Annual General Meeting and Extraordinary General Meeting, held in Lomé on 16 June 2017, shareholders of Ecobank Transnational Incorporated (‘ETI’), the parent company of… Read more »

Transnational Corporation of Nigeria Plc – Improved Earnings Outlook

Culled—Proshare June 16, 2017/CardinalStone Research In light of recent developments in the power and hospitality sector, we update our outlook on Transnational Corporation of Nigeria. We revise our target price… Read more »

CAP Plc Shareholders Approve N1.54 Billion Dividend

June 14, 2017/Thisday Shareholders of CAP Plc, a subsidiary of UAC of Nigeria Plc, on Tuesday approved the sum of N1.54 billion recommended as dividend for the year ended December… Read more »

SEC Says June 30, 2017 Deadline for Issuance of Physical Dividend Warrants

June 30, 2017/Codros Research the Securities and Exchange Commission (SEC) has confirmed the deadline for the issuance of physical dividend warrants as 30th June, 2017. Further to the above, physical… Read more »

International Breweries Plc Reports Q4 2017 Results – Operating Expenses Grew by 115% YoY

Culled—Proshare June 12, 2017/FBNQuest Research Event: International Breweries reports Q4 2017 (end-Mar) results Implications: Upward revisions to consensus 2018 forecasts likely Positives:  Sales, PBT and PAT grew 47% y/y, 89%… Read more »

Lafarge Africa shareholders approve N5.8bn dividend

June 12, 2017/Daily Trust By Sunday Michael Ogwu Undeterred by the economic challenges faced in 2016, the board of Lafarge Africa Plc has offered its shareholders a dividend of N1.05… Read more »

Seplat Petroleum Devt Company Q4 2016 & Q1 2017 Results Review – A Change in Fortunes on the Cards

Culled—-Proshare June 5, 2017/FBNQuest Research Outperform rating maintained Seplat Petroleum Development Company’s (Seplat) Q1 2017 results were hurt by disruptions to the third-party operated Trans Forcados System (TFS), the company’s… Read more »

Presco Q4 2016 and Q1 2017 Results Review – Upgrading to Outperform

Culled—Proshare May 22, 2017/FBNQuest Research Earnings and price target revised upwards Presco reported better-than-expected Q4 2016 and Q1 2017 results, with double-digit sales growth in Q4 and triple-digit sales growth… Read more »

Dangote Flour Mills’ Return to Profitability

…Launches new affordable pasta to substitute rice consumption in Nigeria May 22, 2017/Dangote Flour Mills Plc Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability… Read more »