Culled—Proshare September 11, 2017/ARM Research Following a dramatic share price decline (-23% from the year-peak of N1.42), FCMB now looks attractively valued among our Tier 2 coverage and thus offers legroom for tactical play. The bank trades at a P/B of 0.1x compared to peer average of 0.8x and its […]
Results & Dividends
PZ Cussons Nigeria Plc FY 2017 – Impressive End to FY’17, EPS Up 73% YoY
Culled—Proshare September 8, 2017/Vetiva Research · FY’17 revenue beats estimates, up 15% y/y · Strong margin improvement cushions huge FX loss · FY’17 PAT up 73% y/y to ₦3.7 billion, above Consensus ₦2.8 billion Better than expected Q4 drives revenue beat PZ released FY’17 results (year ended 31 May) posting […]
PZ Cussons Nigeria Reports Q4 2017 Results – Positive Reaction by the Market Likely
Culled—Proshare September 7, 2017/FBNQuest Research Event: PZ Cussons Nigeria reports Q4 2017 (end-May) results Implications: Positive reaction by the market likely Positives: Q4 PBT and PAT grew by 144% y/y and 371% y/y to N2.5bn and N1.8bn respectively Negatives: N2.7bn fx loss reported Late yesterday, PZ […]
