Culled—Proshare 8/9/2018/ NASD Plc The Week in Review: NASD USI Gain 2.83% WoW! The NASD OTC Market ends the week with an increase in market metrics, as the NASD USI increased by 2.83%, closing at 712.76 points (as against 693.14 points last Friday). Consequently, total market capitalization appreciated closing higher at […]
Investors Bite
Guinness Nigeria Plc: SELL Rating Unchanged As We Cut TP Llightly Lower
7/9//2018/Cordros Report Update: We update on GUINNESS following Q4-18 and 2018FY results and call with management. The 2018FY result was helped by performance in the earlier quarters, masking a very disappointing fourth quarter (EBITDA: -38% y/y and -16% q/q, EBIT: -55% y/y and -33% q/q, and net profit: -64% y/y […]
Nigerian Breweries Plc: Headlines from 2018 Financial Markets Forum
September 7, 2018/Cordros Update Key take: There was a lot of emphasis on sales in this year’s forum. What is clearly priority going forward, according to management, is to drive for the sustenance of market leadership in a challenging operating environment and increasingly competitive market. Most of management’s presentation centred […]
