Culled—-Proshare February 20, 2019/Afrinvest Research Following the release of our report on Nigeria’s oil palm sector where we opined that the industry is keenly positioned to soar further over the coming years (as investments in burgeoning milling and refining capacity by listed sector players will crystallize in expanded revenues […]
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Flour Mills of Nigeria Q3 2019 Results Review: Neutral Rating Maintained
Culled—Proshare February 12, 2019/FBNQuest Research Slight cuts to our 2019-21E EPS forecasts and price target Although Flour Mills of Nigeria’s (FMN) Q3 2019 (end-Dec) sales beat our forecast, PBT missed on account of negative surprises in gross margin and non-core operating line items. Looking at the line items on […]
Intraday Update: Nigerian Stocks up +1.59%, Driven by Gains Across Sectors
February 12, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at 12.00 noon is up +1.59 percent and driven by gains across all sectors. InvestmentOne reports that market movers are Dangote Flour Mills Plc and Champion Breweries Plc; both have appreciated +10.00 percent and +9.88 percent […]
