In Your Interest
Culled—Proshare October 30, 2017/ FBNQuest Research Event: Diamond Bank reports Q3 2017 results Implications: Downward revisions to consensus PBT forecasts and negative reaction from the market likely Positives: Limited to OCI gains Negatives: The bank reported pre-tax and after-tax losses of -N4.1bn and -N2.3bn respectively Diamond Bank’s (Diamond) Q3 2017 […]
Culled—Proshare October 30, 2017/FBNQuest Research Event: Nestle Nigeria reports Q3 2017 results Implications: Neutral reaction expected by the market Positives: Q3 sales and PBT up 29% y/y and 117% y/y to N63.3bn and N10.0bn respectively; PAT of N6.4bn compare with a loss after tax of –N51m a year ago Negatives: Net […]
October 30, 2017/Cordros Research UBN) Rights Issue, opened on 20 Sept, 2017, will close today, 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 to be invested in customer touch […]