Investors Bite

Dangote Cement Plc – On Track for Strong FY Close; Quarterly Decline Worrying

Culled—-Proshare October 23, 2017/Vetiva Research  ·         Records 45% y/y increase in PAT to ₦193 billion ·         Coal usage across plants now over 50% ·         Noticeable downtrend in quarterly performance amidst low volume roll out ·         Valuation revised, TP cut to ₦234.90 Strong Prices Continue to Drive Impressive Revenues DANGCEM reported […]

Oando Shares Now on Technical Suspension, Available for Trading, No Price Movement

October 23, 2017/NSE Dealing Members are referred to our market bulletins of Wednesday, 18 October 2017 (NSE/LARD/LRD/MB05/17/10/18) notifying them that effective Friday, 20 October 2017 and until further directive, the shares of Oando Plc (“Oando” or “the Company”) will be placed on technical suspension; and that of Friday, 20 October […]

Fidelity Bank Grows Profit by 65.1% As Profit before Tax Hit N16.2bn in Q3, 2017.

October 23, 2017/Fidelity Bank Plc Following its impressive half year audited financial results, top Nigerian bank, Fidelity Bank has again posted another impressive financial performance for the 9 months period ended September 30, 2017. Details of the lender’s  9 months financial results, released at the Nigerian Stock Exchange (NSE) today […]