Culled—-Proshare September 6, 2018/FBNQuest Research -11% cut to EPS forecasts over the 2018-19E period: Presco’s Q2 2018 earnings declined -16% y/y to N1.4bn and missed our estimate by around 14%. The primary drivers were a sales decline of around -10% y/y and a higher-than-expected effective tax rate of 39%. Relatively […]
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“Africa is the Place to Be,” AfDB President Tells Chinese Business Leaders at the China-Africa Forum
September 6, 2018/AfDB The President of the African Development Bank, Akinwumi Adesina, has urged Chinese business leaders to attend the Africa Investment Forum scheduled to take place in Johannesburg, South Africa, from 7-9 November 2018. Adesina made the call while addressing delegates at the 6th Conference of Chinese and African Entrepreneurs, […]
SEC Charges Former President of Tennessee-Based Company for Deceiving Investors as to Role of Two Convicted Criminals in Oil Investment Scheme
5/9/2018/US SEC The Securities and Exchange Commission charged the former president of a Tennessee-based energy company with concealing from investors that two convicted criminals ran the company and led a $15 million oil investment scheme affecting more than 150 investors. The SEC’s complaint alleges that the former president of Southern […]
