May 28, 2018/InvestmentOne Report Excise Duty to Weigh on Macroeconomic Improvement We maintain our SELL recommendation on Nigerian Breweries Plc given the 3% downside implied by our N111.8 fair value on the stock. Following the release of its Q1 2018 results, we forecast Nigerian Breweries Plc (NB) FY 2018 P/E […]

Culled–Proshare May 24, 2018/GSK  GlaxoSmithKline Consumer Nigeria Plc has declared a special dividend of 8.4billion Naira representing N7.10 and a final dividend of 40k per share respectively for its shareholders in the year ended December 2017. The percentage increase in the dividend is driven by the growth in the GSK […]

Culled—Proshare May 16, 2018/Vetiva Research  Highlights of Vetiva Analyst Report Decent Q1’18 numbers buoyed by Power earnings Selling all subsidiaries, retaining flagship fuel retailing business Power business divestment comes as surprise Targets 6-9 months to complete the proposed restructuring Total deregulation of downstream sector very key post-divestment Mixed earnings trajectory, […]