Culled—Proshare November 24, 2016/FBNQuest Research Material cuts to our EPS fcst’s & PT on negative cost outlook Although Lafarge Africa’s (Lafarge) Q3 2016 results showed that its pre-tax loss was better than our –N18.9bn forecast, the loss was still sizable at-N11.6bn. Lower unit volumes (-27% y/y), a significant spike in […]
Results & Dividends
Okomu Oil Palm Plc – Healthy fundamentals; Neutral rating maintained
Culled—Proshare November 18, 2016/FBNQuest Research Upward revisions to estimates and price target Okomu Oil’s (Okomu) Q3 2016 results came in stronger than we expected. The variance versus our estimates was due to sales and total costs (cogs+opex) surprising positively. We have tried to reflect the surprises in our forecasts. As […]
LafargeHolcim 2016 Capital Markets Day
November 18, 2016/LafargeHolcim LafargeHolcim on track and delivering 2018 targets adjusted for scope and currency effects Adjusted operating EBITDA target upgraded to CHF 7 billion including CHF 200 million additional cost savings CHF 5 per share operating Free Cash Flow Returning cash to shareholders within strict capital allocation discipline Dividend […]
