Investors Bite

Stanbic IBTC Reports Strong Positive Performance, Howbeit Overpriced…

September 14, 2017/Cowry Asset Research With respect to overall industry performance, Stanbic IBTC posted very impressive results in H1 2017. Given its efficiency and profitability compared with industry metrics among other things, we arrived at an ‘A’ rating. However, it has an upside of –ve 62.81% to its target price, […]

Investment Recommendation: FBNH Posts Average Performance

September 14, 2017/Cowry Asset Research FBN Holdings gave average performance in H1 2017 relative to its industry – judging by the presented financial ratios. Hence our ‘Bb’ rating. Following its acceptable performance, and given an upside of -5.14% to its target price, we recommend a HOLD on its shares as […]

DMO Offers N100 billion 7-year FGN Sovereign Ijarah Sukuk Due 2024

September 14, 2017/Cowry Asset The Debt Management Office (DMO) will be offering its Sovereign Sukuk from Thursday, Sept 14, 2017 to Wednesday, Sept 20, 2017. Kindly open  the following links to download Teaser to view details and to download subscription form.