Culled—Proshare April 4, 2018/ARM Research Based on consensus estimate, a lower yield environment is upon us. But how low and for how long remains a tough call with lots of guesstimates. In this piece, we analyze the current dynamics in the Fixed Income market and we provide a 12-month view […]
Investors Bite
Unilever Nigeria Plc: Impressive 2017FY and Q4-17 results; SELL rating reiterated
April 4, 2018/Cordros Report Update: UNILEVER ended an impressive 2017FY with a strong Q4 performance. The full year revenue (+30% y/y), EBITDA (+107% y/y), and net profit (+143%) of NGN90.77 billion, NGN17.28 billion, and NGN7.45 billion beat consensus NGN89.49 billion, NGN13.46 billion, and NGN5.7 billion respectively. The result is broadly consistent […]
Fidelity Bank Announces Delay to Release 2017 Audited Financial Statement
April 4, 2018/NSE This is to inform our esteemed shareholders and other stakeholders of the delay by Fidelity Bank Plc to release/publish its annual Audited Financial Statements for the year ended 31 December 201 7 by March 31, 2018 as required by extant Rules of The Nigerian Stock Exchange. The […]
