Investors Bite

Guinness Nigeria Plc: Earnings rebound from Q1 low, despite weakening margins

January 31, 2018/Cordros Research Yesterday, GUINNESS released Q2-17/18 results showing net profit of NGN2.09 billion (vs. NGN2.44 billion loss last year), driven by (1) continued revenue growth, (2) better margin, and (3) lower opex and finance charges. The net profit was equally higher compared to Q1-17/18’s NGN41.4 million, but below […]

Nigerian Equities Market Reverses Gain on Sell-Offs in Banking, Consumer Goods Counters

January 31, 2018/InvestmentOne Research The Nigerian equities market reversed its gains yesterday as it closed down by -0.34% in today’s trading session.  Market Breadth index, a gauge for investor sentiment, closed in the red as 30 stocks declined compared to 24 stocks that gained.  FLOURMILL (+10.05%) had the best performance […]

Africa Prudential Launches Code USSD *4018# to Offer Shareholders Personalised Registrar

By InvestAdvocate Lagos (INVESTADVOCATE)-Only listed Registrar on the floor of the Nigerian Stock Exchange (NSE) Africa Prudential Plc on Wednesday added value to shareholders with the launch of a new USSD code *4018# tagged “Personal Registrar”. This is inline with the Company’s determination to enhance quality service delivery in the […]