November 3, 2017/Cordros Research We revise forecasts for LAFARGE following 9M-2017 results, and adjust our TP for the stock for the Rights Issue (RI). We cut net profit forecasts by 85% for 2017F and by 3% average for 2018-2019F, increase shares outstanding (NOSH) by 57% to 8.6 billion, […]
Investors Bite
Diamond Bank Divests 97.07% Equity Stake in Diamond Bank SA
November 3, 2017/NSE We wish to notify the Exchange and investing public that Diamond Bank Plc (“the Bank”) is in the final stages of divesting its 97.07% equity stake in Diamond Bank S.A. (“Diamond S.A.”) (“The Transaction”). The proposed divestment is part of the Bank’s plan to align its business […]
Nigerian Equities Gain 0.17%, as Week-to-Date Returns Hits +1.31%
November 3, 2017/InvestmentOne Research Nigerian equities gained +0.17% today taking WTD to return to +1.31%. Market breadth index also ended positive as 21 stocks gained against 19 stocks that declined. However, UPL (+9.75%) topped the gainers’ chart while PRESCO (-8.34%) was the worst performer. FBNH (-0.84%) led the market […]
