—–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 […]
Investors Bite
FCMB Plc: A forgotten star?
Culled—Proshare September 11, 2017/ARM Research Following a dramatic share price decline (-23% from the year-peak of N1.42), FCMB now looks attractively valued among our Tier 2 coverage and thus offers legroom for tactical play. The bank trades at a P/B of 0.1x compared to peer average of 0.8x and its […]
Investment Recommendation – United Bank of Africa Plc
September 11, 2017/Cowry Asset Research UBA Posts Solid Performance With respect to overall industry performance, UBA, a top tier bank, posted very good results in H1 2017 – judging by relevant ratios; hence our ‘BB’ rating. Asides its solid performance, it has an upside of 35.35% to its target price, […]
