August 16, 2017/Cordros Research Click here to download PDF Copy of Report EQUITIES The equities market recorded loss for the third consecutive session as investors took profit, causing the ASI to drop 2.68% – the largest loss recorded in the month – to 36,102.38 points. Today’s performance increased the Week-to-Date […]
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Seplat Petroleum Development Company – Earnings Recovery Looking More Secure
Culled—Proshare August 16, 2017/Vetiva Research · Q2 delivers $8.6 million operating profit as Forcados resumes · Production back to pre-Force Majeure 56,000 boed (working interest) · Warri crude evacuation capacity expansion, doubles to 30,000bpd · FY’17 hydrocarbon recovery on track, forecast at 38.1k boed (FY’16:25.9k) · Target Price per share […]
Guaranty Trust Bank Plc – Earnings Advance on Lean Provisioning
Culled—Proshare August 16, 2017/ARM Research Yesterday, Guaranty Trust Bank Plc. (GTB) released audited H1 2017 results, wherein earnings came in stronger at N83.7billion (YoY: 17% YoY) with EPS of N2.84. In addition, the bank raised interim dividend payout to 30kobo relative to trend pay-out of 25kobo which translates to a […]
