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 […]
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NSE, CBi Says 33 Companies, 435 Directors Pass CGRS Rating
January 22, 2018/NSE/CBi The Steering Board of the Corporate Governance Rating System (CGRS) is pleased to announce that 25 companies have successfully passed its rating test, having scored the required pass mark of 70% whilst 87 others are at various stages of completion of the process. These 25 successful companies […]
UAC of Nigeria Q3 2017 Results Review – Waiting for Underlying Business to Recover
Culled—Proshare January 22, 2018/BNQuest Research Outperform rating maintained UAC of Nigeria’s (UACN) Q3 2017 earnings declined by -67% y/y to N602m but came in well ahead of our N358m estimate. The variance was primarily driven by a positive surprise on the other income line. This relates to income accrued from […]
