Culled—Proshare November 17, 2016/FBNQuest Research Tangible cuts to our EPS forecasts and price target Dangote Cement’s (DangCem) Q3 2016 results came in well behind our forecasts. As such, we have cut our EPS forecasts by around 12% on average over the 2016E-18E period. However, the reduction to our price target […]
Results & Dividends
Lafarge Africa Plc: Ignore the Debt Conversion; Focus on Fundamentals!
November 17, 2016/Cordros Research In announcing its 9M-16 result, the management of LAFARGE informed investors/analysts that the company, as at July, 1st 2016, converted shareholders’ loan for an amount of USD493 million (out of USD510 million) to an equity instrument, on which the repayment (including interest at an average 6% […]
S.Africa’s Telkom to pay first interim dividend as recovery builds
November 15, 2016/Reuters Telkom SA, South Africa’s biggest fixed-line phone company, said on Tuesday its half-year profit rose 19.7 percent, buoyed by its mobile business and the consolidation of its enterprise division. Headline earnings per share (HEPS) for the six months to the end of September rose to 336 cents […]
