June 18, 2017/ETI Lomé-During the 29th Annual General Meeting and Extraordinary General Meeting, held in Lomé on 16 June 2017, shareholders of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group (‘Ecobank’ or ‘the Group’), approved the issue of up to $400 million in convertible bonds. The convertible […]
Results & Dividends
Transnational Corporation of Nigeria Plc – Improved Earnings Outlook
Culled—Proshare June 16, 2017/CardinalStone Research In light of recent developments in the power and hospitality sector, we update our outlook on Transnational Corporation of Nigeria. We revise our target price (TP) to N3.05 and place a BUY recommendation on the counter. Kindly find key highlights below; CBN/ NBET Upstream Payment […]
CAP Plc Shareholders Approve N1.54 Billion Dividend
June 14, 2017/Thisday Shareholders of CAP Plc, a subsidiary of UAC of Nigeria Plc, on Tuesday approved the sum of N1.54 billion recommended as dividend for the year ended December 31, 2016. The dividend, which translates to 220 kobo per share was approved by the shareholders at the annual general […]
