Culled—Proshare November 13, 2017/ Vetiva Research Reported a mild profit in Q3’17 Operating expenses remain a pressure point Stable currency market sustains lower FX acquisition losses TP revised to ₦24.91 (Previous: ₦24.79) Reports Loss-After-Tax but exceeds estimates JBERGER reported a mild profit (Q3’17 PAT: ₦16 million; Q2’17: ₦72 million) for the […]
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Nigeria Stocks Open Week Positive, Gains 0.52% on Dangote Cement
November 13, 2017/InvestmentOne Research The NSE-ASI started the week on a positive note, gaining +0.52% to close the day at 37,312.28ppts FO (+8.78%) topped the gainers’ chart, while CILEASING (-4.79%) was the worst performer. Market breadth index closed negative as 16 stocks gained against 24 stocks that declined. […]
Weekly Stock Recommendation November 13, 2017-Cordros
November 13, 2917/Cordros Research CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY rose 22.06% last week to N12.34. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q3-17 result, showing revenue growth of 9.3% y/y and PAT of N702 […]
