Culled—Proshare July 30, 2018/ARM Research Earlier today, Seplat Petroleum Development Company Plc (Seplat) published its half-year 2018 results, posting PAT of $48.5 million relative to loss after tax of $27.6 million in the corresponding period of 2017. In terms of drivers, working interest production stood at 51.1kbpod (H1 17: 26.4kbpod) […]
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Fixed Income Market Monitor- Overnight Rate (OVN) Fell to 7.25% as at Last Week
Culled—Proshare July 30, 2018/Anchoria AM Research The money market rate decreased last week as the Overnight rate (OVN) and Open Buy Back rate (OBB) fell to 7.25% and 6.83% respectively. Consequently, the average money market rate decreased by 8.30% to settle at 7.04% as system liquidity increased to cN265.8bn due […]
Cordros Weekly Valuation Summary July 30, 2018
July 30, 2018/Cordros Capital Cadbury Nigeria Plc (CADBURY) – Hold The shares of CADBURY dropped by 0.93% to NG10.70. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. CADBURY published Q1-18 result, showing EBIT was higher by 76.2% while PBT was lower by 67.2%, both […]
