March 9, 2018/Cordros Capital I was on a local TV programme yesterday to discuss NESTLE’s already published 2017FY results. I also discussed my expectation of the soon-to-be released consumer goods companies’ results (DANGSUGAR, UNILEVER, and CADBURY). The presenter wasn’t quite convinced about the performance of consumer goods companies in 2017FY […]
Results & Dividends
MTN cuts 2018 dividend to manage debt
8/3/2018/Premium Times Oladeinde Olawoyin The Telecoms firm, MTN Group, on Thursday announced its decision to cut its 2018 dividend as a means of cutting debt. The firm, however, outlined increases in dividend in the next three to five years, a plan it described as a “progressive” dividend policy. The company […]
Nestle Nigeria Results Review: Mixed Results in Q4 2017
Culled—Proshare March 8, 2018/FBNQuest Research Underperform rating maintained Nestle Nigeria’s (Nestle) Q4 sales were the weakest in 2017 and showed a q/q decline for the first time in a decade. Compared with our forecast, sales missed by 11%. We believe that topline growth was driven primarily by unit volume growth […]
