Culled—-Proshare August 16, 2016/FBNQuest Research Healthy underlying results; raising price target by 2.7% Zenith Bank management reiterated its full year PBT guidance of N126bn, following its Q2 2016 results which were in line. The main areas of scrutiny by the market in the results were the absence of large fx-related […]
Results & Dividends
Old Mutual Declares 2.67p Dividend in H1 2016
11/8/2016/Old Mutual The Directors of Old Mutual plc (the ‘Company’) have declared an interim dividend for the six months ended 30 June 2016 of 2.67p per share (the ‘Interim Dividend’), which will be paid on 28 October 2016. Shareholders on the South African, Zimbabwean and Malawian branch registers and the […]
Flour Mills: Strong Q1-16/17 Performance Underpins Earnings Revision
August 12, 2016/Cordros Research FLOURMILL’s Q1-16/17 numbers outperformed consensus, with EBIT and PBT respectively growing by 56.9% y/y and 394.3% y/y. Key drivers were the significant growth in gross profit and decline in finance charges. Given the strong start to the year, albeit acknowledging underlying downside risks, we have revised […]
