March 27, 2018/InvestmentOne Report The Nigerian equities market ended the second trading session of the week in the red, losing 0.51% Similarly, market breadth index was negative with 21 stocks gaining against 31 stocks that declined. GLAXOSMITH (+10.16%) had the best performance today while DIAMONDBNK (-7.32) was the top loser. […]
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Dangote Cement Plc: Tax cracks on earnings outlook
March 27, 2018/Cordros Report Update: We update on DANGCEM, following the surprise effective tax rates (ETRs) of c.30% and 84% reported in 2017FY and Q4-17. On net, we increase our estimate for group ETR for 2018-2019E to 14% (previously 11%) and for 2020E and beyond to 33% (previously 12%). Net […]
FMDQ Admits the N3.15 Billion Lapo MFB SPV Plc Bond
March 27, 2018/FMDQ OTC Corporate institutions have continued to successfully tap the Nigerian debt capital markets (DCM) to access stable long-term finance to fund key activities that ultimately translate to the development of the economy at large. Coming shortly on the heels of the recent listing of the Viathan Funding […]
