Culled—Proshare March 19, 2018/Zedcrest Capital ***CBN Fixes April 3 and 4 for MPC Meeting*** Bonds The Bond market opened the week on a relatively quiet note with mixed sentiments observed across the curve, (slight buys on 20s, 27s and 36s, with slight sell on the 21s, 24s and 34s). Yields […]
Investors Bite
SEC Charges Theranos Inc, CEO, Former President on $700 Million Fraud
March 19, 2018/US SEC On March 14, 2018, the Securities and Exchange Commission charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated […]
Cadbury Nigeria Plc First Glance: Better-than-expected Q4-17 earnings salvage 2017FY
March 19, 2018/Cordros Report 2017FY update: CADBURY published Q4-17 and 2017FY results today. For the full year, revenue grew by 10.3% while EBIT, PBT, and PAT of NGN711 million, NGN350 million, and NGN300 million were reported, vs. losses in 2016FY. Net earnings was in loss (NGN64.5 million) as at 9M-17. […]
