May 5, 2021/Proshare by FBNQuest Research 29% cut to our price target We lower our recommendation on Stanbic IBTC (Stanbic) to Underperform from Outperform and cut our price target by 29% to NGN37.7 following a significantly weaker-than-expected Q1’21 set of results. Relative to our forecasts, the variance in earnings was […]
Results & Dividends
Seplat Plc. Q1 2021 Results: Year of Recovery
May 5, 2021/InvestmentOne Report · Top line Performance: up 4.76% q/q, 36.60% y/y. · Gross profit margin: up to 34.63%, from 13.78% in Q4 2020 and 25.37% in Q1 2020. · OPEX/sales ratio: dropped to 15.47%, from 22.12% in Q4 2020 and 121.30% in Q1 2020. · PBT margin performance: […]
Dangote Cement Plc Q1 2021: Great Start to a Promising Year
May 5, 2021/InvestmentOne Report · Turnover Performance: up by 21.96% q/q, up by 33.50% y/y. · Gross margin performance: up by 568bps q/q and 339bps y/y. · OPEX/Sales ratio: down by 295bps q/q, down 467bps y/y. · PBT Margin Performance: up by 195bps q/q and 377bps y/y. Dangote Cement published its Q1 […]
