By Kingsley Ogunwa InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said on Wednesday shareholders who buy shares and registered with multiple names will forfeit ownership of such holdings. Mounir Gwarzo, the director general (DG), of the Commission revealed this to financial market journalists at a press briefing after the […]
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Lafarge Africa Q1 2017 Results Review – Downgrading to Neutral
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, […]
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 […]
