November 2, 2017/Cordros Research Following Q3-17 results, we revise both DANGCEM’s 2017 and 2018-2019 EPS slightly downward by 1% and 0.5% respectively relative to previous estimates. While we look for continued strong margins on stable Nigerian prices and energy efficiency (including the eventual resolution of power challenges in Tanzania), we […]
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Lafarge Seeks Approval to List N140Billion Rights Issue
November 1, 2017/NSE Dealing Members are hereby notified that Lafarge Africa Plc has through its Stockbrokers; Pilot Securities Limited submitted an application to The Nigerian Stock Exchange for approval and listing of a Rights Issue of 3,097,653,023 Ordinary Shares of 50 Kobo each at N42.50 kobo per share on the […]
Nigerian Stocks Close in Green Third Consecutive Session on Gains in Dangote Cement
November 1, 2017/InvestmentOne Research For the third consecutive trading session, the Nigerian equities market closed in the green, gaining +0.56%. FBNH (+5.00%) was the market’s best performer while AIRSERVICE (-4.95%) was the worst performer. Market breadth index closed positive as 23 stocks gained against 21 stocks that declined. FBNH (+5.00%) […]
