April 16, 2018/Cordros Capital CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY was flat at N14.50. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ Despite having a challenging 2017FY, contrary to the rest of our consumer goods universe, the company […]
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Intraday Update: NSEASI Down -0.04% on Sell-Offs in Consumer, Industrial Goods Counters
April 16, 2018/InvestmentOne Update ASI as at 12.00pm: -0.04%. Market movers: DIAMONDBNK (-4.10%), NB (-2.38%), SKYEBANK (+10.00%), OANDO (+9.42%). Sector Performances: Consumer Goods (-0.66%), Industrial (-0.01%), Banking (+0.40%), Oil & Gas. Market activity: In today’s early trade, total volume and value increased by 99% and 412% respectively compared to this […]
NSE fines African Alliance N46.1m for late account submission
April 16, 2018/The Nation Omobola Tolu-Kusimo •Firm records N21b negative reserve The Nigerian Stock Exchange (NSE) has imposed a fine of N46. 1 million on African Alliance Plc for breaking its rule on account submission. According to NSE X-Compliance Report, released on April 12, 2018, the fine is for late […]
