October 31, 2019/Cordros Report Event: DANGCEM recently published 9M-19 results, reporting a steep decline in EPS of 21.2% y/y to NGN2.09 in Q319, driven by renewed cost pressures, EBITDA margin deterioration, and higher finance charges. The reported EPS in Q3-19 wiped off the lower tax-induced expansion in the prior quarter. […]
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Nigerian Stocks Rebound +0.25% Amid Bargain Hunting Activities
October 30, 2019/InvestmentOne Report Please click to download the Market Report for Wednesday 30th October 2019 EQUITY: · The Nigerian equities market reversed its loss today, as the NSE-ASI gained 0.25% to close at 26,310.77pts. · However, market breadth index was negative with 8 gainers against 11 losers. · Today’s performance was […]
CCNN to Convene Court Ordered Meeting in Proposed Merger with Obu Cement Company
October 30, 2019/InvestmentOne Update The Boards of Cement Company of Northern Nigeria Plc (“CCNN”) and Obu Cement Company Plc (“Obu Cement”) are exploring a merger of both entities (“Proposed Merger”) due to a joint aspiration to ensure that the enlarged company is well-positioned to grow and expand in the Nigerian cement industry. The requisite […]
