Culled—Proshare May 16, 2017/FBNQuest Research 2017/18E EPS ests. up by 37%; price target up by 32% to N7.1 Following Dangote Sugar Refinery’s (DSR) Q4 2016 and Q1 2017 results we have raised our EPS estimate over the 2017-18E period by 37% and our price target by 32% to N7.1. Our […]

Culled—Proshare 12/5/2017/Press Release Unilever Nigeria Plc., has declared a dividend of N378 million following the approval of the company’s shareholders at the 92nd Annual General Meeting of the Company held in Lagos on Thursday May 11 at the Muson Centre. The dividend declared amidst a challenging operating year and environment […]

Culled—Proshare May 10, 2017/FBNQuest Research Potential EPS dilution likely to weigh on sentiment Lafarge Africa’s (Lafarge) Q1 2017 results showed that although PBT missed our forecast by around 10%, PAT came in well ahead (+96.9%), thanks to a positive surprise of N9.3bn in other comprehensive income (OCI). Following the results, […]