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 […]
Results & Dividends
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 […]
SEC Says June 30, 2017 Deadline for Issuance of Physical Dividend Warrants
June 30, 2017/Codros Research the Securities and Exchange Commission (SEC) has confirmed the deadline for the issuance of physical dividend warrants as 30th June, 2017. Further to the above, physical warrants will no longer be issued to investors/shareholders in the capital market. Hence, all investors must have valid e-dividend mandates […]
