March 7, 2018/InvestmentOne Report ASI as at 12.00pm: +0.22%. Market movers: ETERNA (+10.15%), CAVERTON (+10.11%), JOHNHOLT (-4.17%), UPL (-4.09%). Sector Performances: Industrial (+0.59%), Oil & Gas (+0.15%), Banking (-0.32%), Consumer Goods (-0.60%). Market activity: In today’s early trade, while total volume declined by c. -43%, total value increased by c. […]
Investors Bite
Nestle Nigeria Plc: Slight upward revision to 2018-2019E earnings; SELL rating maintained
March 7, 2018/Cordros Capital At our revised TP of NGN851.92 (previously NGN843.54), we maintain SELL rating on NESTLE’s stock at the current market price of NGN1,380. The q/q sales revenue contraction reported in the seasonally-supportive Q4 is a volume pressure worthy of note. Besides, gross margin (-219 bps y/y and […]
FGN Savings Bond – 13th Monthly Issuance
By InvestAdvocate Lagos (INVESTADVOCATE)-the offer for the Thirteenth (13th) series of the FGN savings bond started March 5, 2018 and will run to March 9, 2018, according to InvestmentOne report. Recall that the Federal Government of Nigeria, through the Debt Management Office (DMO), had on the 13th of March 2017 […]
