Culled—Proshare October 10, 2017/Vetiva Research Lafarge to raise ₦131.65 billion via Rights issue EPS dilution imminent in near-term amidst Post-rights target price estimated at ₦62.06 Rights details out; price set at ₦42.50 Following the conclusion of the Extra-Ordinary General Meeting, the Board of Lafarge Africa PLC announced the details of […]
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Dangote Sugar Refinery Plc – Outlook Still Favourable
Culled—Proshare October 10, 2017/FBNQuest Research Strong earnings growth outlook over the 2017-19E period Dangote Sugar Refinery’s (DSR) growth story over the medium term is compelling. We forecast EPS growth to average 45% y/y over the 2017-19E period. We expect the company’s dominance of the sugar industry to persist well beyond […]
Nigerian Stocks Halt Four-Day Bullish Run on Profit-Taking Activities
October 10, 2017/InvestmentOne Research ASI closes down -0.15%, halting four day bullish trend. However, market breadth index ended neutral as 19 stocks gained and 19 stocks declined. CCNN (+10.17%) was the best performer while CILEASING (-9.38%) led the losers’ chart. DIAMONDBNK (-4.76%) was the most actively traded stock with 216m […]
