August 6, 2018/US SEC The Securities and Exchange Commission today announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The updates by the SEC Division of Enforcement’s […]
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Cordros Weekly Stock Valuation, August 6, 2018
August 6, 2018/Cordros Capital Cadbury Nigeria Plc (CADBURY) – Hold The shares of CADBURY dropped by 8.88% to NGN9.75. 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 loss […]
NSE Suspends Trading in Conoil Shares
August 6, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday announced the suspension in the shares of oil marketing major, Conoil Plc. This is coming on the heels of the failure by Conoil Plc to file its audited financial report as at when due. “Pursuant to Rule […]
