Culled—Proshare February 16, 2018/FBNQuest Event: Nigerian Breweries reports Q4 2017 results Implications: Downward revisions to consensus 2018 PBT forecast likely Positives: Limited, a 15% y/y reduction in net finance charges Negatives: Gross margin fell by 87bps y/y to 41.0% Late yesterday, Nigerian Breweries (NB) published its Q4 2017 results which […]
Investors Bite
Intraday Update: NSEASI Bearish on Sell-Offs in Banking, Industrial Counters
February 16, 2018/InvestmentOne Report ASI as at 12.00pm: -0.15%. Market movers: LINKASSURE (-6.82%), FCMB (-5.00%), NASCON (+5.00%), UCAP (+1.63%). Sector Performances: Industrial (-0.86%), Banking (-0.22%), Consumer Goods (-0.09%), Oil & Gas. Market activity: In today’s early trade, while total volume improved by c. +29%, total value declined by c. -66% compared […]
UACN Liquidates Warm Spring Waters Due to Poor Performance
February 16, 2018/NSE UAC hereby notifies the Exchange of the following developments relating to its 76% subsidiary based in Ikogosi-Ekiti, Warm Spring Waters Nigeria Limited (‘the company’). The company was promoted in 2002 by UAC, Ekiti State Government, Ikogosi-Ekiti Community and some private investors to produce premium quality spring water […]
