Culled—Proshare February 8, 2018/FBNQuest Research Increase to earnings estimates; PT unchanged Guinness Nigeria’s (Guinness) Q2 2018 (end-Dec) results were stronger than we expected. Although sales were in line and gross margin was softer, these were offset by interest expense and operating expenses surprising positively. As such, we have increased […]
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Guinness Nigeria Plc -Lacking Catalyst! Has it all been priced in?
Culled—-Proshare February 8, 2018/ARM Research Guinness Nigeria (Guinness) earnings has shown remarkable turnaround. In the six-months ending December 2017, profit after tax printed at N2.1 billion versus N4.7 billion losses in the corresponding period of 2017. Much of the turnaround stemmed from the weighty decline in FX losses and finance […]
Nigerian Equities Fell -0.49% on Banking, Consumer Goods Stocks
February 8, 2018/InvestmentOne Report Please click to download the Market Report for Thursday 8th February 2018 EQUITIES: · The equities market closed in the red today, losing -0.49% to end at 43,326.89pts. · Today’s performance was largely driven by the sell-off in NESTLE (-165pts), NB (-105pts), FBNH (-20pts) and UBN (-16pts), which […]
