November 16, 2017/InvestmentOne Research The NSE-ASI bucked its two days losing streak to end today’s trading session in the green , gaining +0.05%. BOCGAS (+9.88%) topped the gainers’ chart, while CAVERTON (-8.97%) was the worst performer. Market breadth index closed negative as 16 stocks gained against 26 stocks that […]
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UACN Opens 960.43 Million Ordinary Shares Rights Issue
November 15, 2017/NSE Dealing Members are hereby notified that the Rights Issue of UAC of Nigeria Plc. of 960,432,193 ordinary shares of 50 Kobo each at the offer price of N16 per share on the basis of one (1) new ordinary share for every two (2) ordinary shares held as […]
Nestle: Upward Revision to 2018-2019F Estimates; SELL Rating Maintained
November 15, 2017/Cordros Research Following Q3-17 result, we raise NESTLE’s 2017F EBITDA estimate by 10% but cut net profit by 9.7%, on net, equating to growth forecasts of 51% (previously 37%) and 290% (previously 331%) respectively. While we cut sales forecasts for 2018-2019F by 0.4% average, we raise EBITDA and […]
