Culled—Proshare April 3, 2018/FBNQuest Research Event: UAC of Nigeria (UACN) reports Q4 2017 results Implications: Downward adjustments to consensus 2018E EPS forecast likely Positives: No obvious positives Negatives: Sales down -21% y/y to N20.4bn while PBT declined -88% y/y to N202m; opex grew 80% y/y to N3.5bn. Late last week, […]
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PZ Cussons Says 2017 Profit Drops 16.49% to N1.34 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Soap producer, PZ Cussons Nigeria Plc said on Tuesday its third quarter (Q3) 2018 pretax profit for the period ended February 28, 2018 dropped 16.49 percent to N1.34 billion from N1.60 billion posted a year ago. Pretax profit declined 16.52 percent to N1.96 billion from N2.35 billion […]
Weekly Valuation Summary 03-April-2018-Cordros
April 3, 2018/Cordros Capital CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY appreciated by 3.78% last week to N15.10. 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 […]
