April 9, 2018/US SEC On April 6, 2018, the Securities and Exchange Commission charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees. The SEC’s complaint alleges that, from 2010 to 2017, Clifton E. Stanley ran a […]
Investors Bite
Stocks Open Week Negative, NSEASI Down -1.01% on Profit-Taking in Bellwether Counters
April 9, 2018/Cordros Update EQUITIES The domestic bourse opened the week on a negative note, with the All Share index dropping by 1.01% to 40,429.18 points, as investors extended profit-taking in value stocks. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -2.59% and 5.72% respectively. The Industrial Goods (-3.87%) index […]
Weekly Valuation Summary April 9, 2018-Cordros
April 9, 2018/Cordros Capital Cadbury Nigeria Plc (Cadbury) – Sell The shares of CADBURY depreciated by 3.97% last week to 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 […]
