October 30, 2017/Cordros Research UBN) Rights Issue, opened on 20 Sept, 2017, will close today, 30 October 2017. Use of Proceeds: 80% of proceeds to be used as working capital 12% of proceeds to be invested in technology, innovation and digitalization 8% of proceeds to be invested in customer touch […]

October 30, 2017/Cordros Research CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY appreciated 0.48% last week to N10.55. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q3-17 result last week, showing revenue growth of 9.3% y/y and PAT […]

October 30, 2017/InvestmentOne Research ASI as at 12.00pm: -0.26% Market movers: MANSARD (-3.47%), NB (-3.28%), DANGFLOUR (+10.19%), VITAFOAM (+4.81%)  Sector Performances: Industrial (-1.49%), Consumer Goods (-1.05%), Oil & Gas (-1.00%) Banking (-0.71%), Insurance (-0.87%)  Market activity: Turnover appears less than inspiring today with investors exchanging just c.34m units of shares […]