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 […]
Results & Dividends
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 […]
Nestle Nigeria Q3 2016 Results Review – Underlying Results Strong Despite FX Losses
Culled—Proshare November 17, 2016/FBNQuest Research Outlook for 2017 unchanged; Neutral rating maintained Although Nestle Nigeria (Nestle) reported a loss after tax of –N51m in Q3 2016, the firm’s underlying results were strong. Nestle posted record high sales of N49.0bn in Q3 2016, its highest ever in a quarter, driven by […]
