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11 PLC Q2 2019 Results Review: Slight Changes To 2019-21E EPS

Culled—Proshare 1/8/2019 by FBNQuest Research Neutral rating maintained 11 Plc’s Q2 2019 earnings of N2.1bn beat our estimate by around 6%, primarily on the back of positive surprises on the topline and opex line. As such, we have made negligible changes to our earnings forecast over the 2019-21E period. As […]

MIDDAY UPDATE: Nigerian Equities Market Inch Up +0.08% on Gains in the Oil & Gas Counters

August 2, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at 12.00 noon Friday has appreciated +0.08 percent driven by gains recorded thus far in the Oil & Gas sector. InvestmentOne update reports that market movers are Forte Oil Plc and Japaul Oil & Maritime Plc; […]