November 16, 2017/SEC The following Directors and Officers of Quantum Securities Limited are hereby invited for an All Parties Meeting: 1. Chief Barr. Joe Arausi -Chairman 2. Dr. Andrew Elueni – Vice Chairman 3. Mr. Andrew Osugo -Compliance Officer 4. Chief Joseph Onoyemeakor- Director 5. Barr. Tom Awhana – Director […]
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Capital Market Operators urged to adapt to new business environment-SEC DG
November 16, 2017/SEC The Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new and rapidly changing economic, regulatory and business environments which will aid them in performing their expected roles in economic development of the nation. He mentioned […]
Dangote Sugar: Rating Upgraded to BUY on Upward Revision to 2018-2019F Estimates
November 18, 2017/Cordros Report Despite cuts to sales estimates, we raise DANGSUGAR’s 2017F EBITDA and net profit by 50% each, and for 2018-2019F by 55% and 56% respectively. The upward revision follows better margin outlook on declining per tonne production cost (see below), which we expect will offset price cuts. […]
