September 10, 2018/Thisday By Goddy Egene May and Baker Nigeria Plc has applied to the Nigerian Stock Exchange (NSE) to raise N2.450 billion fresh capital from existing shareholders. The company is going to raise the funds through a Rights Issue of 980 million shares of 50 kobo each at N2.50 per share on […]
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NASD OTC Market Ends The Week On a Positive Note; USI Up By 2.83%
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 […]
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 […]
