Culled—Proshare April 16, 2018/ARM Research Full-year 2017 result of Presco Plc. (Presco) revealed improvement in core operating performance on the back of strong growth in sales (+42.3% YoY to N22.4 billion) and improved margins (+146bps YoY to 73.4%). However, lower gains on biological assets (N2.8 billion versus N24.9 billion in […]
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Dangote Sugar Refinery Q4 2017 Results Review – Lower Input Costs to Drive Earnings in 2018
Culled—Proshare April 16, 2018/FBNQuest Research Neutral rating maintained Dangote Sugar Refinery’s (DSR) Q4 2017 earnings of N13.3bn were up 210% y/y and well ahead of our estimate. Looking ahead, we have retained our capacity utilisation forecast of 55% for the Lagos Refinery because we are more assured of relatively improved […]
SEC Charges Virginia Investment Adviser with Fraud
April 16, 2018/US SEC The Securities and Exchange Commission has charged an investment adviser with orchestrating an investment scheme over several years. The SEC’s complaint alleges that, from at least February 2015, Amrit J. S. Chahal, of Fairfax, Va., used his company, Kane Capital Investment Group, LLC, to fraudulently solicit […]
