July 16, 2018/Cordros Capital CADBURY NIGERIA PLC (CADBURY) – HOLD ▪ The shares of CADBURY dropped by 9.35% to NG11.15. 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 […]
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Cautious trading as market rates adjust
Culled—Proshare July 13, 2018/Zedcrest Capital *** IMF Staff Concludes Visit to Nigeria *** The outlook for 2018 remains challenging, as private sector lending remains low and foreign exchange inflows are mostly short-term. – IMF *** KEY INDICATORS Indicator Value Commentary Inflation 11.61% NBS postpones release date for June 2018 CPI […]
Barclays Africa Group Relaunches as Absa Group with a Fresh New Look
Group starts trading on Johannesburg Stock Exchange as ‘Absa Group’ Absa Group to complete roll-out of new Absa brand design in SA in 2019 Absa Group to complete rebranding of Barclays subsidiaries in Africa in 2020 12/7/2018/ABSA Barclays Africa Group Limited has officially been renamed Absa Group Limited and started […]
