Culled—Proshare April 3, 2018/FBNQuest Research Event: Unilever Nigeria reports Q4 2017 results Implications: Modest upward revisions to consensus estimates expected Positives: Gross margin expanded by 659bps y/y Negatives: Limited Late last week, Unilever Nigeria (Unilever) reported its Q4 2017 results which showed growth on major key P&L items. Sales of N21.6bn […]
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Investors Start Month on Bearish Note, NSEASI Down -1.56% on Profit-Taking
April 3, 2018/Cordros Report EQUITIES Investors started the month on a bearish note, with the ASI closing lower by 1.56% to 40,855.64 points, as profit taking resurfaced across major sectors. Accordingly, the Year-to-Date gain dropped to 6.83%. All sector indices posted losses, led by the Industrial Goods (-3.35%) index, and […]
11 Plc Reports Q4 2017 Results – Shares Have Shed -4.5% YTD Compared With The ASI’s 8.5% Gain
Culled—Proshare April 3, 2018/FBNQuest Research Event: 11 PLC (11) reports Q4 2017 results Implications: Positive reaction by the market likely Positives: Q4 sales and PBT both up 66% y/y and 22% y/y to N37.0bn and N4.3bn respectively Negatives: Limited Last week, 11 PLC published Q4 2017 results which showed that sales […]
