By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Skye Shelter Fund Plc on Wednesday proposed a N7.20 final distribution per unit to unit-holders of the company in its nine-month period ended September 30, 2017 compared to N7.44 paid a year ago. Total income of the company declined 9.3 percent to N148.2 million from […]
Results & Dividends
Positive Surprise in Zenith Bank’s Q3 2017 Results, FBN Quest Lowers Cost of Risk
Culled—Proshare October 25, 2017/FBNQuest Research 7-8% increase to our 2017-18E EPS forecasts / price target: We retain our Outperform recommendation on Zenith Bank (Zenith), following its Q3 2017 results which came in well ahead of expectations. We have lowered the cost-of-risk assumption driving our loan impairment forecast for 2017E by […]
Dangote Cement Plc. – Retaining Neutral Rating
October 24, 2017/FBNQuest Research 6% cut to our EPS forecast and price target Dangote Cement’s (DangCem) Q3 2017 PBT missed our forecast by around 28%, due to negative surprises in gross margin and opex. To a lesser extent, a slight 2% underperformance relative to our sales forecast, resulting from weaker […]
