March 19, 2018/US SEC On March 14, 2018, the Securities and Exchange Commission charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated […]
Investors Bite
Cadbury Nigeria Plc First Glance: Better-than-expected Q4-17 earnings salvage 2017FY
March 19, 2018/Cordros Report 2017FY update: CADBURY published Q4-17 and 2017FY results today. For the full year, revenue grew by 10.3% while EBIT, PBT, and PAT of NGN711 million, NGN350 million, and NGN300 million were reported, vs. losses in 2016FY. Net earnings was in loss (NGN64.5 million) as at 9M-17. […]
Bears Dominates Nigerian Equities Market for Fourth Consecutive Session
March 19, 2018/Cordros Report EQUITIES The bears dominated the equities market for the fourth consecutive session, with the ASI dipping 0.21% to 41,845.92 points. Accordingly, the Month-to-Date loss increased to 3.43%, while the Year-to-Date gain dropped to 9.42%. The Insurance (-1.72%) and Consumer Goods (-1.14%) indices recorded losses, as investors […]
