Culled—Proshare March 30, 2017/FBNQuest Research Earnings upgrade to meet management’s guidance Stanbic IBTC’s Q4 2016 profit before provisions was 4% ahead of our estimate. We have increased our 2017-18E forecasts for this line by 4% on average as a result; we expect higher margins to compensate for slower non-interest income […]
Results & Dividends
Access Bank on Sustainable Growth Path, Pays 65 Kobo Total Dividend in 2016 End
By InvestAdvocate Lagos (INVESTADVOCATE-Nigeria’s tier one lender, Access Bank Plc on Wednesday said it was on a sustainable growth path, according to Mosun Bello-Olusoga, chairman of the bank at its 28th Annual General Meeting (AGM). The lender also approved the payment of a final dividend of 40 kobo per share […]
Total Nigeria Plc – Moving from Underperform to Neutral Rating
Culled—Proshare March 29, 2017/FBNQuest Research EPS forecasts up 24% over the 2017-19E period; PT up 19% Total’s full year 2017 PAT of N14.8bn grew 266% y/y on the back of solid topline growth and a gross margin expansion of 498bps y/y to 17%. The company benefitted from shrinking competition in […]
