By InvestAdvocate Lagos (INVESTADVOCATE)-oil services firm, Eterna Oil Plc has proposed a dividend of 25 kobo per share to investors of the company. Eterna said on Friday that closure of Register for the period ended September 30, 2016 is November 22, 2016, payment date is December 12, 2016 after its […]
Results & Dividends
FBN Holdings Plc: Asset Quality Challenges Continue to Bite Earnings
November 4, 2016/Cordros Research Last week, FBN Holdings Plc (FBNH) released its nine months earnings report for the period ended September 30, 2016. Profit before tax (PBT) declined by 5.0% y/y (-51.4% q/q) while return on average equity (RoAE) fell to 9.4%, from 12.0% recorded as at H1’16. Following revisions […]
Revision to DANGCEM Plc Estimates delivers a HOLD Recommendation
November 4, 2016/Cordros Research We have revised forecasts for DANGCEM going into 2017, considering (1) price action and competition (from LAFARGE whose production faced repeated interruptions in 2016) in Nigeria, which should impact sales volume; (2) likely price weakness in Pan Africa markets on intense competition; (3) higher (than expected) […]
