March 20, 2018/InvestmentOne Research The Nigerian equities market continued its bearish trend, shedding 0.35% in today’s trading session. Market breadth index ended negative with 16 stocks gaining against 31 stocks that declined. UNITYBNK (+6.50%) had the best performance today while, similar to yesterday, CADBURY (-9.39%) topped the losers chart. FIDSON […]
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Stanbic IBTC Holdings Q4 2017 Results Review: Downgrading to Underperform
Culled—Proshare March 20, 2018/FBNQuest Research 8-10% cut to our 2018-19E EPS and price target Stanbic IBTC Holdings’ (Stanbic) Q4 2017 PBT missed our forecast by 22% largely due to negative surprises on provisions and opex. Consequently, we have cut our 2018-19E PBT forecasts by around 8% on average and our […]
Facebook’s value plunges $37 billion on data controversy
March 20, 2018/CNNMoney by Chris Isidore @CNNMoney Facebook shares took a big hit Monday, shaving about $37 billion off the value of the company. The stock tumbled about 7% Monday on news that data firm Cambridge Analytica, which had ties to Trump’s campaign, reportedly accessed information from about 50 […]
