November 18, 2017/Cordros Report Despite cuts to sales estimates, we raise DANGSUGAR’s 2017F EBITDA and net profit by 50% each, and for 2018-2019F by 55% and 56% respectively. The upward revision follows better margin outlook on declining per tonne production cost (see below), which we expect will offset price cuts. […]
Investors Bite
NSEASI Bucks Two-Day Losing Streak, Gains 0.05%
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 […]
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 […]
