October 16, 2017/Cordros Research Click here to download full PDF copy of report CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY gained by 1.65% last week to N10.50. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ Q2-17 revenue was below […]
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Nigerian Stocks Open Week Positive, Gains 0.33%
October 16, 2017/InvestmentOne Research ASI starts the week on a positive note, gaining +0.33% Also, market breadth index ended in the green as 24 stocks advanced compared with 15 stocks that declined. CILEASING (+9.55%) led the gainers’ chart while LEARNAFRCA (-5.00%) was the worst performer. Although GUARANTY (+0.24%) topped the […]
Union Bank Rights Issue Closes October 30 2017
October 16, 2017/Cordros Research Union Bank of Nigeria Plc (UBN) Rights Issue, opened on 20 Sept, 2017, will close on Monday, 30 October 2017. Use of Proceeds: 80% of proceeds to be used as working capital 12% of proceeds to be invested in technology, innovation and digitalization 8% of proceeds […]
