Investors Bite

SEC Approves Guinness Nigeria N39.7 billion Rights Issue

July 4, 2017/XLR8 Following shareholder approval received in January, Guinness Nigeria Plc has now received clearance of the issue documents from the Securities and Exchange Commission and approvals from the Nigerian Stock Exchange to list the new Guinness Nigeria shares on The Nigerian Stock Exchange. The funds raised will support […]

Flour Mills of Nigeria Plc. | First Glance: Q4-16/17 PAT; Narrow Escape

July 4, 2017/Cordros Research Click here to download full PDF Report FLOURMILL released fourth quarter and 2016/17FY result late yesterday. Compared to the loss we expected, Q4 PBT of N179 million (vs. N1.5 billion in Q3) was reported. A net operating gain of N10.3 billion (vs. N11.8 billion loss as […]

ASI: Intraday Update

July 4, 2014/InvestmentOne Research ASI as at 12.00pm: -0.55% Market movers: UNITYBNK (-6.56%), FLOURMILL (-5.07%), REDSTAREX (+10.14%), HONYFLOUR (+9.33%) Sector Performances: Banking (-1.11%), Oil & Gas (-0.84%), Consumer Goods (-0.28%), Industrial Market activity: In today’s early trades, c.64m units of stocks worth c.N436m have been traded by investors. This shows […]