August 4, 2017/InvestmentOne Research ASI as at 12.00pm: +0.24% Market movers: LIVESTOCK (+9.41%), NEM (+4.65%), STERLNBANK (-2.91%) FCMB (-2.46%) Sector Performances Banking (+0.51%), Consumer (+0.15%), Oil & Gas, Industrial Market activity: Due to buying interest in Tier 1 banking names such as ACCESS and UBA as well LIVESTOCK, volume of […]
Investors Bite
Unilever Nigeria Explains Facts Behind the Rights Issue; Urges Shareholders to Support the Process
Culled—Proshare August 4, 2017/Unilever In view of its recently announced Rights Issue, Unilever Nigeria Plc. yesterday presented facts behind its plans to raise N58, 851,275,010.00 on the floor of the Nigerian Stock Exchange in Lagos. Total of 1,961,709,167 ordinary shares of 50 kobo each will be offered to existing shareholders […]
Flour Mills of Nigeria Plc – Earnings Beat Despite Lingering Cost Pressures
August 3, 2017/Vetiva Research · Revenue prints in line with estimate – up 25% y/y · Gross margin weakness, elevated finance costs remain a challenge · Gains from FX hedge support Q1’17/18 earnings beat – PAT up 3% y/y Strong revenue growth persists, PAT rises 3% y/y Despite the strong […]
