Culled—Proshare August 31, 2017/Vetiva Research · Top and bottom line beat estimates, PAT doubles y/y · Strong loan and deposit growth defies industry trend · Board declares interim dividend of ₦0.60 per share · TP revised upward to N28.39 (Previous: N25.74) Top and bottom line beat estimates, higher significantly y/y […]
Investors Bite
SEC Approves Union Bank’s N50Billion Rights Issue
August 31, 2017/Union Bank of Nigeria Plc Following the announcement that it will float a N50 billion rights issue in 2017, Union Bank has now received the required approvals from the Securities and Exchange Commission (SEC) to move forward on raising the Tier 1 capital. The Bank anticipates that the […]
Access Bank: Poised to Outperform in FY-2017, Despite Downward Revision to EPS
August 31, 2017/Cordros Research Click here to download full PDF Copy of Report We update our model, following Access Bank Plc’s (ACCESS) impressive H1-17 result. In line with the improved yields on interest earning assets (+280 y/y bps to 13.10% in H1-17), we have raised 2017F assets yield estimate by […]
