Culled—Proshare September 3, 2018/Zedcrest Capital ***TUC appeals to governors to support new minimum wage*** KEY INDICATORS Indicator Value Commentary Inflation 11.14% As at August 15, 2018, 9bps down from 11.23% recorded in June 2018. MPR 14.00% Next MPC meeting scheduled for September 24 & 25, 2018 External Reserves $45.87bn As […]
Investors Bite
Weekly Valuation Summary September 3, 2018
September 3, 2018/Cordros Update CADBURY NIGERIA PLC (CADBURY) – HOLD ▪ The shares of CADBURY dipped 0.50% to NGN10.05. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY released Q2-18 result, with a loss after tax of NGN455 million. We had expected a […]
Forte Oil Plc: Will Planned Divestment Unlock Value?
Culled—Proshare September 3, 2018/ARM Research Having received approval from its shareholders in May 2018 to dissolve its subsidiaries, FO released its first financials detailing the performance of both the continuing and the discontinued operations1. As at H1 18, revenue from discontinued operations printed at N21 billion (vs N18 billion in […]
