July 6, 2017/InvestmentOne Research Please click to download the Market Report for Thursday 6th July 2017 EQUITIES: Nigerian stocks ended a four-day bearish run with the benchmark, NSE-ASI gaining +0.16% to berth at 32,354.78pts. Hence, the index YTD returns rose to +20.39% while investors’ wealth increased by c.N18bn as market capitalisation closed […]
Investors Bite
Flour Mills of Nigeria Plc – Abnormally Weak Q4 Slows Strong FY Earnings
Culled—-Proshare July 6, 2017/Vetiva Research · Impressive revenue run-rate persists, up 53% y/y · EBIT surges from ₦9 billion to ₦41 billion in FY’16/17 · Board of Directors recommend dividend of ₦1.00/share · Earnings estimates cut, TP revised lower, BUY rating maintained Strong y/y improvement in FY’16/17 earnings despite dismal […]
Moody’s assigns first-time Ba3 and Aaa.ng ratings to Dangote Cement Plc; stable outlook
5/7/2017/Moody’s Investors Service Moody’s Investors Service has assigned a first-time Ba3 corporate family rating (CFR), Ba3-PD probability of default rating and Aaa.ng national scale rating (NSR) corporate family rating to Dangote Cement Plc (DCP), a Nigeria-based cement producer. The outlook on the ratings is stable. “Dangote Cement Plc’s Ba3 corporate […]
