In Your Interest
October 23, 2017/NSE FCMB Group Plc (Bloomberg: FCMB) hereby notifies the Nigerian Stock Exchange (“NSE”) that FCMB Group Plc (“FCMB”) has entered into an agreement with other shareholders of Legacy Pension Managers Limited (“Legacy”), for the acquisition of an additional 60% stake in Legacy. The proposed acquisition will increase FCMB’s […]
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) […]
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 […]