February 28, 2017/Cordros Research Click here to download full report Despite the outperformance on revenue (10% more than Cordros’ estimate), FLOURMILL’s Q3-16/17 PBT came behind our forecast by 83%. The key outliers during the period were other operating losses (+36% ahead) and finance costs (+310% ahead). The former was impacted […]
Results & Dividends
UAC of Nigeria Plc: Have the bears overdone it?
Culled—Proshare February 27, 2017/ARM Research Recently, the share price of UAC of Nigeria Plc (UACN) succumbed to bearish sentiments, hitting an eight-year low of N12.02 on the 23rd of February 2017. The scale of the sell-offs placed UACN among a handful of stocks which have lost at least 80% of […]
Zenith Bank Plc: 23% EPS Growth in 2016FY
February 27, 2017/Cordros Research Click here to download Zenith Bank Plc Annual Report-31 December, 2016 Zenith Bank Plc (ZENITHBANK) just released its twelve months earnings report for the year ended December 2016. The Bank reported an increase in earnings per share (EPS) to N4.12 for the period, compared with an […]
