Investors Bite

Julius Berger Nigeria Plc Q1 2018 Results – Earnings Flattered By One-Off Income

Culled—Proshare May 2, 2018/Vetiva Research Highlights of Vetiva Analyst Report PAT outperforms estimate albeit underlying earnings remain weak Company still relies on short term financing to support operations FY’18 PAT estimate revised lower to ₦2.2 billion (Previous: ₦2.8 billion) TP revised lower on reduction to estimates Strong earnings growth driven […]

Access Bank Q1 2018 Results Review: Tracking Behind FY Guidance; Downgrading to UP

Culled—Proshare May 2, 2018/FBNQuest Research Low single-digit cuts to our 2018E EPS forecast and price target Access Bank’s (Access) Q1 2018 PAT surprised negatively, primarily because of a negative result of –N5.3bn in other comprehensive income (OCI). The PAT was also down on a y/y basis and implies an annualised […]

Two South Florida Men Barred from Penny Stock Offerings for Engaging in a Microcap Pump-and-Dump Scheme

May 2, 2018/US SEC Two South Florida men have agreed to lifetime bars from the penny stock business to settle charges that they orchestrated a fraudulent pump-and-dump scheme involving shares of Valentine Beauty Inc., a Sunrise, Florida, company that purported to be in the beauty products business. The SEC alleges […]