Culled—Proshare May 10, 2017/FBNQuest Research Potential EPS dilution likely to weigh on sentiment Lafarge Africa’s (Lafarge) Q1 2017 results showed that although PBT missed our forecast by around 10%, PAT came in well ahead (+96.9%), thanks to a positive surprise of N9.3bn in other comprehensive income (OCI). Following the results, […]
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Diamond Bank Q4’16 and Q1’17 Results Review – Upgrading to Neutral Post Sell-off
Culled—Proshare May 10, 2017/FBNQuest Research Earnings estimates raised, but not as much as guidance implies Following Diamond Bank’s Q4 2016 & Q1 2017 results, we have increased our 2017E PBT forecast by 39% to N12.2bn. This estimate is considerably below management’s guidance of c.N20bn because of our conservative cost of […]
E-Dividend: SEC Reports 2.2 Million Mandated Accounts
By Kingsley Ogunwa InvestAdvocate Lagos (INVESTADVOCATE) – Nigeria’s Securities and Exchange Commission (SEC) on Wednesday said 2.2 million Nigerian investors have mandated their accounts for the e-dividend payment. Mounir Gwarzo, the director general (DG), of THE Commission revealed this to financial market journalists at a press briefing after the end […]
