February 27, 2020/Cordros Report EQUITIES In today’s trading, the dual impact of depressed market sentiment and unimpressive earnings took a toll on the domestic equities market. Consequently, the All Share Index pared by 0.62% to 26,808.24 points, on the account of investors’ sell-off of Banking stocks. Month-to-Date and Year-to-Date losses increased to […]
Investors Bite
Dangote Cement Plc | 2019FY First Glance: Steep Decline in EPS, but Juicy Dividend
February 27, 2020/Cordros Report Event: DANGCEM published Q4-19 and 2019FY audited financials after the close of the market yesterday, reporting a significant decline in EPS of 80.2% y/y. The decline in EPS was mainly due to the tax reversal and tax credit (NGN179 billion: Ibese lines 3 & 4 and […]
Abbey Strategic Deal With VFD to Facilitate Bank’s Growth Plan, Shareholders’ Value
Culled–Proshare February 26, 2020 by VFD Group Abbey Mortgage Bank Plc has announced that the strategic partnership with VFD Group Plc would enable the company play major roles in the financial service industry and ultimately boost shareholders’ returns on investment. Addressing stockbrokers during the ‘Bell Ringing Ceremony’ of the company […]
