Investors Bite

SEC Charges BGC Financial for Failure to Preserve Documents and Maintain Accurate Books and Records

July 17, 2018/US SEC The Securities and Exchange Commission today announced that New York-based broker-dealer BGC Financial has agreed to pay a $1.25 million penalty to settle charges that it failed to preserve audio files sought by the SEC and inaccurately recorded travel, entertainment, and other expenses. The SEC’s order […]

Lafarge Africa Plc – Still Navigating Murky Waters

Culled—Proshare July 17, 2018/Vetiva Research SA business continues to drag earnings; Bottom line hits ₦2 billion loss  Nigeria operation remains strong, EBIT margin improves q/q Estimates, target price lowered as cost pressures weigh Bottom line falls to loss position amidst stronger costs  Extending the poor run from FY’17, Lafarge Africa […]