Investors Bite

SEC Suspends Trading in the Shares of Efuel ENF Corp on Concerns of Accurancy of Marketplace Information

March 22, 2018/US SEC The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of Efuel ENF Corp. (“EFLN”), commencing at 9:30 a.m. EDT on March 22, 2018 and terminating at 11:59 p.m. EDT on April 5, 2018. The Commission temporarily suspended trading in EFLN’s […]

Custodian & Allied Reports N7.32 Billion PAT in 2017 End, Offers 32 Kobo Dividend

By InvestAdvocate Lagos (INVESTADVOCATE)-Custodian & Allied Plc listed on the financial services sector of the Nigerian Stock Exchange (NSE) said on Thursday its profit after tax (PAT) hit N7.32 billion compared to  N5.33 billion recorded a year earlier. Pretax profit grew 20.88 percent to N89.3 billion from N7.39 billion declared […]

Access Bank Plc FY 2017 – No Room to Swing a Cat

Culled—Proshare March 22, 2018/ARM Research  Access Bank Plc (Access) released its audited FY 17 result yesterday with earnings running a tad behind our estimates on account of higher impairment and FX revaluation losses. Precisely, EPS declined by 13% YoY to N2.14 (2017E: N2.53). Nonetheless, the bank declared a final dividend […]