Results & Dividends

Flour Mills of Nigeria Plc: Earnings outlook still strong, even as new shares shrink TP

March 26, 2018/Cordros Capital Following the conclusion of the NGN38 billion Rights Issue (RI) and our recent discussions with management, we revise our TP and earnings estimates for FLOURMILL. Feedback is that the RI was successful (oversubscribed). On net, we (1) increase the post-rights shares outstanding by 56% to 4.1 […]

UBA Offer Investors 85 Kobo Total Dividend, Sustains Strong Performance with Growing Contribution, Market Share from Africa

By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) last Friday announced a total dividend of 85 kobo per share for the period ended December 31, 2017 as it reports sustained strong performance with growing contribution and market share from Africa. The lender offered a […]