March 26, 2018/InvestmentOne Update ASI as at 12.00pm: +0.22%. Market movers: GLAXOSMITH (+10.00%), FIDSON (+9.49%), FO (-9.09%), HMARKINS (-6.25%). Sector Performances: Banking (+0.73%), Oil & Gas (-1.29%), Consumer Goods (-0.27%), Industrial. Market activity: In todayâs early trade, total volume and value increased by c. 25% and c. 23% respectively compared […]
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Flour Mills of Nigeria Plc: Earnings outlook still strong, even as new shares shrink TP
March 26, 2018/Cordros Capital Following the conclusion of the NGN38 billion Rights Issue (RI) and our recent discussions with management, we revise our TP and earnings estimates for FLOURMILL. Feedback is that the RI was successful (oversubscribed). On net, we (1) increase the post-rights shares outstanding by 56% to 4.1 […]
Ecobank Transnational Incorporated FY 2017, Financial Result Update
March 26, 2018/Cowry Asset Kindly Click here to download the FY 2017 Financial Result Update of Ecobank Transnational Incorporated.
