October 30, 2017/Cordros Research CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY appreciated 0.48% last week to N10.55. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q3-17 result last week, showing revenue growth of 9.3% y/y and PAT […]
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Intraday Update: NSEASI Heads South to Commence Week
October 30, 2017/InvestmentOne Research ASI as at 12.00pm: -0.26% Market movers: MANSARD (-3.47%), NB (-3.28%), DANGFLOUR (+10.19%), VITAFOAM (+4.81%) Sector Performances: Industrial (-1.49%), Consumer Goods (-1.05%), Oil & Gas (-1.00%) Banking (-0.71%), Insurance (-0.87%) Market activity: Turnover appears less than inspiring today with investors exchanging just c.34m units of shares […]
ETI Announces Successful Raising of $400Million Convertible Debt Placement from Existing Shareholders
27/10/2017/NSE Ecobank Transnational Incorporated, (“ETI”), the Lomé-based parent company of the Ecobank Group, announces today the successful placement of USD 400 million convertible debts. The convertible debt was structured in three tranches. The first, a convertible loan facility of USD 250 million, was arranged through the Public Investment Corporation (PIC) […]
