March 14, 2018/Cordros Update EQUITIES Investors in the equities market were downbeat, with the ASI declining by 0.54% to 42,839.49 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -1.13% and 12.02% respectively. The Banking (-1.45%) index posted the largest loss – marking its third consecutive session of loss – […]
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Nestle Nigeria Plc – A compelling but expensive growth story
Culled—Proshare March 14, 2018/ARM Research Following a dismal 2016, when earnings fell to an eight-year low of N7.4 billion, Nestle Nigeria Plc (Nestle) returned strong in 2017, with earnings rising to a record N33 billion, a four-fold increase from the prior year. The big question now is, what happens next […]
STANBIC Reports Q4 2017 Results – Proposed Final Dividend of 50k Below Expectation
Culled—Proshare March 14, 2018/FBNQuest Research Event: Stanbic IBTC Holdings (Stanbic) reports Q4 2017 results Implications: Limited reaction from the market likely Positives: Strong growth in non-interest income, +63% y/y Negatives: Proposed final dividend of 50kobo below expectations; opex +38% y/y Stanbic’s Q4 2017 results which were released this afternoon show that PBT […]
