Culled—Proshare January 26, 2018/DMO The Debt Management Office (DMO) conducted its FGN Bond Auction for January 2018 on Wednesday with two bonds offered — the 14.50% FGN JUL 2021 and the 16.2884% FGN MAR 2027. Both bonds were oversubscribed, with total subscriptions of N150 billion, a subscription rate of 136%. […]
Investors Bite
Flour Mills of Nigeria Plc – Rights issue: Grist to the mill
Culled—Proshare January 26, 2018/RM Research We issue a BUY recommendation on Flourmill based on a FVE of N38.33, representing 24% and 42% upside from market and Rights Issue price of N30.80 and N27.00 respectively. Our positive sentiment is supported by the recovery in earnings (FH1 18: +44.6% YoY) with FY […]
Intraday Update: NSEASI Up +0.34% on Buy Interest in Banking, Consumer Counters.
January 26, 2018/InvestmentOne Report ASI as at 12.00pm: +0.34% Market movers: UBN (+9.59%), TRANSCORP (+7.89%), SKYEBANK (-9.38%), JAIZBANK (-9.35%). Sector Performances: Banking (+0.49%), Consumer Goods (+0.48%), Industrial, Oil & Gas. Market activity: In today’s early trade, total volume and total value increased by c.+237% and c.+124% compared to this time […]
