Culled—Proshare October 23, 2017/FBNQuest Research Implications: Neutral to slightly positive reaction from the market likely Positives: Sales of US$147m up 146% y/y and 74% q/q, boosted by a significant (+292% y/y) rise in oil sales Negatives: Net finance costs up 10% y/y to US$20m This morning, Seplat Petroleum Development Company (Seplat) […]
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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 […]
