Investors Bite

Capital Market Operators urged to adapt to new business environment-SEC DG

November 16, 2017/SEC The Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new and rapidly changing economic, regulatory and business environments which will aid them  in performing their expected roles in economic development of the nation. He mentioned […]

Dangote Sugar: Rating Upgraded to BUY on Upward Revision to 2018-2019F Estimates

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. […]

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 […]