March 19, 2018/InvestmentOne Report The Nigerian equities market continued its downtrend as it opened the week on a bearish note, losing 0.21%. Market breadth index was negative with 14 gainers against 36 decliners. CILEASING (+9.94%) was the best performing stock while CADBURY (-9.65%) had the worst performance. ZENITHBANK (+1.45%) was […]
Investors Bite
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 […]
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 […]
