5/2/2018/Cordros Research Cadbury Nigeria Plc (Cadbury) – Sell The shares of CADBURY appreciated by 6.60% last week to N16.00. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. CADBURY published Q3-17 result, showing revenue growth of 9.3% y/y and PAT of N702 million, from a […]
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AfDB approves ZAR 140-million loan to Promote African Local Currency Bond, Capital Markets in Africa
AfDB funding seeks to promote local currency bond issuers and develop domestic capital markets across the continent 5/2/2018/AfDB The Board of the African Development Bank has approved a ZAR 140-million loan (about US $10 million) to the African Local Currency Bond Fund (ALCB Fund), to further enhance the Fund’s portfolio […]
NSE Opens Week in Red, Sheds -0.85% on Decline in Dangote Cement
February 5, 2018/InvestmentOne Report The Nigeria equities market closed in the red today as NSE-ASI shed -0.85%. Market breadth index ended negative as 34 stocks declined against 22 stocks that gained. AIICO (+10.00%) was the best performing stock while UNIC (-8.70%) had the worst performance. FCMB (-2.30%) was the most […]
