August 5, 2016/SEC The Securities and Exchange Commission (SEC) is pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This follows the directive from the Central Bank of Nigeria (CBN) via Circular referenced BPS/DIR/GEN/CIR/03/005 dated 28th July, 2016 instructing banks to allow customers […]
Results & Dividends
Cadbury Nig Plc: The Dilemma – Margins vs. Market Share
August 5, 2016/Cordros Research CADBURY’s second quarter (April to June 2016) loss caused H1-16 profits to drop by 78% from Q1-16. The loss after tax in Q2-16 resulted from a combination of (1) cost inflation, which compressed gross margins by over 800bps (y/y and q/q), and (2) a decline in […]
FX Related Costs Bite Harder On Earnings of Julius Berger Nigeria Plc
Culled—-Proshare August 5, 2016/Vetiva Research FX related charges drag Q2 into loss Weak Q2 bottom-line mutes strong profitability over the quarter FY’16 earnings forecast revised lower following disappointing H1 Valuation revised slightly lower amidst pressure on FY’16 earnings JBERGER reported a 94% y/y drop in H1’16 PAT to N136 million […]
