May 15, 2017/NSE The Board of Directors of Lafarge Africa has submitted to the Nigerian Stock Exchange a Notice of its 58th Annual General Meeting (AGM) at which it will propose a Rights Issue for an amount up to N140 billion for approval by the shareholders of the Company. Also […]
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NSE Closes Week in Green on Blue-Chip Counters to Record 9 Month-High Gain
May 12, 2017/Cordros Research Click here to download full PDF Report Nigerian Capital Market Equities Surprisingly, it was a record breaking week in the market, with the All Share Index posting the largest singular gain of 3.18%, since 15th of June 2016, setting a 9 month-high at 28,423.70 points. We […]
Guinness Nigeria Q3 2017 Results Review – Neutral Rating Maintained
Culled—Proshare May 12, 2017/FBNQuest Research Increase to earnings estimates and price target Guinness Nigeria’s (Guinness) Q3 2017 (end-Mar) results were stronger than we expected. The results were driven mainly by stellar sales growth of 54% y/y and a gross margin expansion of about 1,000bps y/y; both sales and gross margins […]
