Culled—Proshare January 22, 2018/FBNQuest Research Positive earnings outlook in 2018E Lafarge Africa’s (Lafarge) Q3 2017 results surprised negatively, mainly due to a net fx loss of –N9.9bn, arising from the hedging cost of N2.6bn from the US$220m shareholder loan that was converted to quasi-equity and settled at N385/US$ vs an […]
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PZ Cussons Nigeria: FX-related losses weigh on 2018 outlook
Culled—Proshare January 22, 2018/BNQuest Research 2018E EPS decline of -53% y/y driven by fx-related loss PZ Cussons Nigeria (PZ) posted H1 2018 (end-Nov) PBT of N869m vs –N425m in H1 2017; the result beat our estimate by 36%. As such, we have raised our EPS forecasts by around 5% over […]
Intraday Update: NSEASI Gains +0.20%, as Profit-Taking in Major Sectors Persist
January 22, 2018/InvestmentOne Report ASI as at 12.00pm: +0.20% Market movers: WEMABANK (+9.40%), SKYEBANK (+9.30%), UNILEVER (-8.17%), CUTIX (-4.85%). Sector Performances: Banking (+1.24%), Oil & Gas (-0.48%),Consumer Goods (-0.39%), Industrial (-0.04%). Market activity: In today’s early trade, total volume and value increased by +422% and +278% respectively compared to […]
