Culled—Proshare September 8, 2017/Vetiva Research · FY’17 revenue beats estimates, up 15% y/y · Strong margin improvement cushions huge FX loss · FY’17 PAT up 73% y/y to ₦3.7 billion, above Consensus ₦2.8 billion Better than expected Q4 drives revenue beat PZ released FY’17 results (year ended 31 May) posting […]
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NSE ASI Heads Northward on Gains in Banking Counters
September 8, 2017/InvestmentOne Research ASI as at 12.00pm: +0.17% Market movers: NAHCO (+4.89%), FCMB (+3.77%), BETAGLAS (-5.00%), JAIZBANK (-4.05%) Sector Performances: Banking (+0.66%), Industrial (+0.17%), Consumer Goods (+0.01%), Oil & Gas Market activity: Investors have exchanged c.33m units of shares worth N616m so far today; representing a considerable decline in total […]
South Africa’s ARC Investments plans to grow to $2 billion fund
7/9/2017/Reuters South African black-owned asset manager ARC Investments aims to grow into a fund of up to 25 billion rand ($2 billion), one of its co-chief executives said on Thursday after listing on the Johannesburg stock market. ARC is operating in something of an investment sweet spot, with South African […]
