30/4/2018/US SEC The Securities and Exchange Commission announced that it has obtained a final judgment in a fraud case against a promoter of a pyramid scheme targeting Latino communities. The final judgment, entered on April 27, 2018 by a federal district court in Boston, Massachusetts, permanently enjoins Randy Crosby from […]
Investors Bite
Nigerian Stocks Gained 0.06% to Open Week
30/4/2018/InvestmentOne Report The Nigerian equities market was somewhat flat today gaining 0.06%. Furthermore, market breadth index was also flat with 19 stocks gaining against 18 stocks that declined. CILEASING (+9.35%) topped the gainers chart while ETERNA (-5.00%) was the worst performing stock. MBENEFIT was the most actively traded with 131million […]
DANGSUGAR Q1-18 performance supports our view on “strong test” in 2018; SELL
30/4/2018/Cordros Report Update: DANGSUGAR published Q1-18 result last Friday, showing EPS grew 12% y/y but declined 59% q/q. The EPS growth came on the back of a higher gross margin compared to last year’s one-off low, masking a disappointing revenue performance. Should we adjust Q1-17 gross margin to Q1-18’s 25% […]
