By InvestAdvocate Lagos (INVESTADVOCATE)-Construction giant, Julius Berger Nigeria Plc on Monday reported a profit after tax (PAT) of N2.57 billion for the period ended December 31, 2017 compared to a loss of N2.39 billion recorded a year earlier. The company recorded a pretax profit of N3.73 billion compared to a […]
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Weekly Valuation Summary 19-March-2018
March 19, 2018/Cordros Capital CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY depreciated by 7.07% last week to N17.10. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q3-17 result, showing revenue growth of 9.3% y/y and PAT of […]
Intraday Update: NSE Heads South on Continuous Sell-Offs in Banking, Consumer Goods Counters
March 19, 2018/InvestmentOne Update ASI as at 12.00pm: -0.50%. Market movers: CADBURY (-9.65%), FTNCOCOA (-7.14%), CILEASING (+9.94%), UCAP (+5.64%). Sector Performances: Banking (-0.83%), Consumer Goods (-0.88%), Industrial, Oil & Gas. Market activity: In today’s early trade, total volume and value declined by c. 33% and c.44% respectively compared to this […]
