Culled—Proshare November 2, 2017/SEC Division of Enforcement and SEC Office of Compliance Inspections and Examinations Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments. These endorsements may be unlawful if they do not disclose the nature, source, and amount of any […]
Investors Bite
Dangote Cement: Strong Q3-17 Result. Slight Downward Revision of Estimates
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 […]
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 […]
