January 22, 2018/InvestmentOne Report The Nigerian equities market reversed bullish trends to open the first trading session of the week in the red, losing -0.40% .  However, market breadth index ended flat today with 26 decliners against 26 gainers.  CAVERTON (+9.91%) had the best performance while TRANSCORP (-9.20%) led the […]

Culled—-Proshare January 22, 2018/FBNQuest Research  PT up 19% to N234.0, reflecting lower interest rate environment We forecast PBT growth of 6% y/y to N10.3bn for 11 PLC (11) in 2018. However, we estimate an EPS decline of -14% y/y to N19.46 during the same period. The central driver behind this […]

Culled—Proshare January 22, 2018/FBNQuest Research  Upward revision to PT despite cut to estimates Presco’s Q3 2017 results surprised negatively, even excluding a biological asset revaluation loss of –N1.4bn. As such, we have cut our earnings estimate over the 2017 18E period by -26%. Despite the cut, we have increased our […]