January 22, 2018/NSE In accordance with the Companies and Allied Matters Act, Cap. C20 LFN 2004 (‘CAMA’) an individual or entity with direct / beneficial share ownership over 10% constitutes a substantial shareholder in the Company. The Company has been officially notified by Alhaji Dahiru Mangal (’Alhaji Mangal’) that he […]
Investors Bite
Nigerian Equities Market Reverses Bullish Trend, Opens First Trading Day Negative On Profit-Taking
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 […]
11 PLC- Neutral rating maintained
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 […]
