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 […]
Investors Bite
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 […]
NSE Suspends Trading on 17 Companies for failure to File Relevant Accounts
July 6, 2017 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) has suspended trading in the shares of the following seventeen (17) companies listed below for failure to file relevant Accounts with effect from 5 July, 2017. 1. African Alliance Insurance Plc 2. Equity Assurance Plc 3. Fortis Microfinance Bank […]
