Culled—Proshare May 6, 2020 by FBNQuest Research -22% cut to average EPS estimates over the 2020-22E period We have cut our target price for Nigerian Breweries (NB) by -30% to N40.5 on the back of a 150bp increase in our equity risk premium assumption to 7.5% and downward adjustments to […]
Results & Dividends
FCMB Q1 2020 Results Review Recognizes Pressure on Earnings from Near Term Headwinds
Culled—Proshare May 6, 2020 by FBNQuest Research 7% reduction to our price target FCMB Group’s (FCMB) Q1 2020 results came in ahead of our forecasts across all major headline items. The bank’s PBT beat our forecast by c.30% because of positive surprises on both revenue lines. However, we have […]
PepsiCo Declares Quarterly Dividend of $1.0225 Per Share
May 5, 2020/PepsiCo /PRNewswire/ — The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.0225 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today’s action is consistent with PepsiCo’s previously announced increase in its annualized dividend to […]
