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Guinness Nigeria 2018 Update: Upward Revision to Estimates on Margin Recovery

September 12, 2017/Cordros Research Click here to download full PDF copy of report The management of GUINNESS recently guided to the drivers of the margin recovery in H2 of 2017 to specifically include pricing and cost-saving productivity initiatives. Although management provided no further guidance on prices, it is our view […]

Stocks Resume Week Negative on Declines in Bellwether Counters

September 11, 2017/InvestmentOne Research Please click to download the Market Report for Monday 11th September 2017  EQUITIES:   The equities market closed the first trading session of the week negative as investor sentiment, as gauged by the market breadth index, ended negative (-0.04x). Today’s performance was largely driven by the declines in […]

Oando Shareholders Pass 100% Vote of Confidence on Board, Management

—–Share Price Increase 3.69% September 11, 2017 By Kingsley Ogunwa InvestAdvocate Lagos (INVESTADVOCATE)-Shareholders of oil marketing major, Oando Plc on Monday in Uyo, Akwa Ibom State reported a successful 40th Annual General Meeting (AGM) as they passed a 100 percent vote of confidence on Wale Tinubu, group chief executive officer […]