Culled—Proshare April 16, 2020 by FBNQuest Research Material cuts to forecast earnings Unilever Nigeria’s (Unilever) FY 2019 pretax loss of -N9.8 was far behind our PBT forecast of N295m, following a grossly disappointing Q4. We have therefore made deep cuts to our earnings forecasts. As such, our new target price […]
Results & Dividends
Lafarge Africa Plc FY’20 – Coronavirus: A Spanner in the Works?
Culled—Proshare April 15, 2020 by CardinalStone Research The transformational story of Lafarge Africa Plc (WAPCO) was largely about its handling of endogenous challenges of seeking resolutions to the margin-dilutive South African operation and a huge FX debt in FY’19. With the spread of coronavirus in Nigeria, the business faces a […]
Dangote Cement Plc FY’20 – Hammered but Not Out
Culled—Proshare April 9, 2020 By CardinalStone Research The Nigerian cement sector may be set for a difficult FY’20 on account of the coronavirus pandemic. We also expect the sector’s full recovery to take at least 2 years, in line with the macro guidance of African finance ministers. These expectations result […]
