Culled—Proshare May 2, 2018/FBNQuest Research Low single-digit cuts to our 2018E EPS forecast and price target Access Bank’s (Access) Q1 2018 PAT surprised negatively, primarily because of a negative result of –N5.3bn in other comprehensive income (OCI). The PAT was also down on a y/y basis and implies an annualised […]
Results & Dividends
Okomu Oil Q1 2018 Results Review: Neutral Rating Maintained
Culled—Proshare May 2, 2018/FBNQuest Research Modest upward revisions to estimates and price target Okomu Oil’s (Okomu) Q1 2018 earnings were broadly in line with our estimates. Consequently, we have increased our earnings forecast over the 2018-19E period by 3% on average. Despite the modest revisions to our earnings forecasts, our […]
CCNN Strong start to 2018; earnings estimate revised higher
May 2, 2018/Cordros Report Update: CCNN started 2018 on an impressive note, reporting EPS growth of 111% y/y to NGN0.86, which when annualized, is almost 2x market expectation. The EPS is only 9% below the company’s single-quarter best of NGN0.95 recorded in Q4-17. The impressive Q1-18 performance is broad-based, and […]
