December 26, 2019/SEC The Securities and Exchange Commission, SEC has said that it has outlined a number of initiatives in a bid to resolve the issue of unclaimed dividends in the capital market. Acting Director General of the SEC, Ms. Mary Uduk who spoke in Abuja, said in the new […]
Results & Dividends
FCMB Group Plc 9M’19 – Earnings Falter, Kept Afloat By Non-Recurring Reversals
Culled—Proshare December 2, 2019 CardinalStone Research FCMB Group Plc (FCMB: TP 1.80 – HOLD) reported a 5.3% YoY decline in EPS to N0.54 for 9M’19 in its latest filing with the Nigerian Stock Exchange (NSE). The decline in earnings reflected significantly lower FX gains amidst a 19.3% YoY jump in […]
Dangote Cement Q3 2019 Results Review: Shares Oversold At Current Levels
Culled—Proshare November 29, 2019 By FBNQuest Research Single-digit cuts to our 2019-21E EPS forecasts Dangote Cement’s (DangCem) Q3 2019 PBT missed our forecast by a significant margin due to negative surprises in gross margin, opex and interest expense. From an earnings standpoint, the company’s Q3 PBT of N42.2bn is the […]