In Your Interest
May 2, 2018/Cordros Report Update: CCNN started 2018 on an impressive note, reporting EPS growth of 111% y/y to NGN0.86, which when annualized, is almost 2x market expectation. The EPS is only 9% below the company’s single-quarter best of NGN0.95 recorded in Q4-17. The impressive Q1-18 performance is broad-based, and […]
May 2, 2018/InvestmentOne Update ASI as at 12.00pm: +0.17%. Market movers: WEMABANK (+9.52%), NPFMCRFBK (+4.49%), SKYEBANK (-4.76%), DANGFLOUR (-4.51%). Sector Performances: Industrial (+0.33%), Banking (+0.16%), Consumer Goods (-0.08%), Oil & Gas. Market activity: In today’s early trade, total volume and value declined by 39% and 16% respectively compared to this […]
May 2, 2018/Cordros Report Update: NESTLE recently published Q1-18 result showing EPS grew by a marginal 3% y/y to NGN10.86, which is behind what the market expects for the period by 15%. Compared to our estimate, the achieved EBIT was short by 1% while EPS missed by 25%, owing to […]