Culled—Proshare July 19, 2019 By FBNQuest Research Material cuts to our 2020-22E EPS forecasts and price target We have cut our earnings forecasts for Flour Mills of Nigeria (FMN) following its disappointing Q4 2019 results. FMN reported a loss of –N1.1bn in Q4 versus our PBT forecast of N144m, and […]
Results & Dividends
Flour Mills of Nigeria Q2 2019: Weaker Margin Suppresses Earnings Despite the Fall in Finance Cost
July 16, 2019/InvestmentOne Report • Mixed top line: down 3.16% q/q, up 10.07% y/y. • Weak gross profit margin: down 573bps q/q; 573bps y/y. • Lower Opex to sales ratio: up 5bps q/q; down 247bps y/y. • Weaker Profit Before Tax: down 342.40% q/q; 143.71% y/y Recently, Flour Mills of […]
We will Continue to Sensitise Investors on e-Dividend-Uduk
July 15, 2019/SEC The Securities and Exchange Commission, SEC has said that it will continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends. Uduk who spoke during an interview in Abuja, weekend, said the Commission has […]