November 9, 2017/InvestmentOne Research ASI as at 12.00pm: -0.21% Market movers: CHAMPION (-3.93%), LAWUNION (-3.08%), ETERNA (+10.02%), CAVERTON (+9.46%). Sector Performances: Banking (-0.87%), Consumer Goods (-0.23%), Insurance (-0.24%), Oil & Gas (+0.76%), Industrial. Market activity: Total volume traded today is up +11% compared to this time yesterday with investors exchanging […]
Investors Bite
Flour Mills Revision to Estimates
November 9, 2017/Cordros Research We revise 2018 forecasts for FLOURMILL following H1, wherein EBITDA and net profit were impacted by strong FX-linked net operating gains and double-digit revenue growth, which more than offset both weaker y/y gross margin and higher finance costs. While we look for relatively (to H1-18) weaker […]
Flour Mills of Nigeria Plc H1’17’18 Result – Pleasing H1 Performance, Outlook Remains Upbeat
Culled—Proshare November 8, 2017/Vetiva Research · Volume growth supports 17% y/y revenue growth· Gains from FX hedge support 22% y/y rise in core operating profit · Moderating finance cost drives earnings beat · Earnings estimates revised, BUY rating maintained Strong sales growth supported by volumes FLOURMILL sustained the positive top […]
