8/2/2018/NSE In line with the provisions of Rule 12.1 of the Amendments to the NSE Listing Rules, Custodian and Allied Plc hereby notifies the Exchange that the following shareholder now owns 5% and above stake in the issued share capital of the Company: *The shares formerly held by Rocknet Nigeria […]
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Guinness Nigeria Q2 2018 Results Review – PT and Underperform Rating Unchanged
Culled—Proshare February 8, 2018/FBNQuest Research Increase to earnings estimates; PT unchanged Guinness Nigeria’s (Guinness) Q2 2018 (end-Dec) results were stronger than we expected. Although sales were in line and gross margin was softer, these were offset by interest expense and operating expenses surprising positively. As such, we have increased […]
Guinness Nigeria Plc -Lacking Catalyst! Has it all been priced in?
Culled—-Proshare February 8, 2018/ARM Research Guinness Nigeria (Guinness) earnings has shown remarkable turnaround. In the six-months ending December 2017, profit after tax printed at N2.1 billion versus N4.7 billion losses in the corresponding period of 2017. Much of the turnaround stemmed from the weighty decline in FX losses and finance […]
