Culled—Proshare February 16, 2018/ Arthur Steven Asset Mgt Research We are pleased to inform you about an investment opportunity in FSDH Merchant Bank Limited’s Series 5 & 6 Commercial Paper (“CP”) issuance of up to ₦15 billion under its ₦30 billion CP Issuance Programme. Please find below a summary of the terms of […]
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Nigerian Breweries Reports Q4 2017 Results – Gross Margin Fell By 87bps YoY to 41.0%
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 […]
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 […]
