Culled—Proshare May 24, 2017/S&P Global Ratings S&P Global Ratings today assigned its ‘B’ long-term issue rating to the proposed senior unsecured notes issued by United Bank for Africa Plc (UBA; B/Stable/B). We rate these proposed notes in line with our counterparty credit ratings on UBA. UBA operates in the top […]
Investors Bite
UACN Offers Explanation on Proposed N15.4 Billion Fresh Capital via Rights Issue
24/5/2017/NSE The Notice of the 2017 Annual General Meeting of UAC of Nigeria PLC includes the Directors’ proposal for Shareholders to approve a Rights Issue of N15 4 billion. BACKGROUND A capital raising proposal of N20 billion consisting of N15 billion Private Placement and N5 billion Rights Issue was considered […]
FIDSON Q1 -2017 – Resurgence or More of The Same?
Culled—Proshare Tuesday, May 23, 2017, 11:23 AM /GTI Research Fidson healthcare PLC, a leading pharmaceutical manufacturing firm in Nigeria released its first quarter (Q1) result on April 28th, 2017. The firm’s revenue grew by 181% from ₦1.2billion ($3.3million) in Q1 2016 to ₦3.4billion ($9.4billion) in Q1 2017. Cost of sales […]
