May 7, 2018/Cordros EQUITIES Sentiments turned bearish on the domestic bourse, as the ASI dipped 0.11% to 41,172.82 points – depicting a negative start to the week. This followed late selloffs in value stocks.  Accordingly, the Month-to-Date and Year-to-Date returns inched lower to -0.23% and +7.66% respectively.  Losses in the […]

Culled—Proshare May 7, 2018/DMO  Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004  Debt Management Office on behalf of the Federal Government of Nigeria Offers for Subscription and is authorized to receive applications for the Federal Government […]

May 7, 2018/Cordros Research CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY fell by 4.71% to NGN13.15. 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 […]