March 30, 2017/NSE In view of the Easter public holidays, please find below updated notice of corporate actions by Unilever Nigeria Plc. as follows: 1. The Board approved the recommendation of the sum of N378,330,000.00 (Three Hundred and Seventy-Eight Million, Three Hundred and Thirty Thousand) that is, 10 kobo gross […]
Results & Dividends
SEPLAT Reports Q4 2016 Results – Records Loss Before Tax of $85.1m
Culled—Proshare March 30, 2017/FBNQuest Research Event: Seplat Petroleum Development Company reports Q4 2016 results Implications: Negative reaction from the market likely Positives: Gas sales up 16% y/y to US$28m; realised gas prices also up 19% y/y to US$3.03/mmscf Negatives: Seplat recorded a loss before tax of -US$85.1m in Q4 2016 […]
Cadbury Nigeria Plc is Upgrading to Neutral after Marked Sell-off
Culled—Proshare March 30, 2017/FBNQuest Research 9% reduction to our price target Cadbury Nigeria’s (Cadbury) Q4 2016 results rounded off a challenging 2016. Despite strong topline growth during the quarter, which was around 40% ahead of our estimate, and a recovery from losses in prior quarters (–N477m and –N1.1bn in Q2 […]
