August 1, 2018/InvestmentOne Report NIGERIA | EQUITIES | OIL & GAS | FORTE OIL PLC. H1 2018 result highlight: Poor bottom-line performance following divestment strategy · Revenue; up 32.4% y/y. · Contraction in gross profit margin; 398bps y/y. · Unimpressive PBT performance; down 42.3% y/y. Yesterday, Forte Oil Plc released […]
Investors Bite
Bears Resurface in the Equities Market, Halting Four-Day Bull Run
August 1, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian Stocks on Wednesday reversed its previous sessions uptrend; as bears resurfaced in the equities market, halting the four-day bull run, with the benchmark dropping 1.09 percent to 39,031.72 points, as investors booked profit on previous gains. Total volume of trades dipped […]
SEC Charges Scientist for Insider Trading
August 1, 2018/US SEC A scientist at Laboratory Corporation of America Holding (“LabCorp”) has agreed to settle charges that he engaged in insider trading after learning that his company was about to acquire Sequenom, Inc. (“Sequenom”) in a July 2016 tender offer. The SEC’s complaint alleges that Anup Madan, a […]
