March 30, 2017/NSE Ikeja Hotel Plc wishes to notify its shareholders and other stakeholders of the company that Mr Goodie M. Ibru has resigned as Chairman of Ikeja Hotel Plc with effect from 17 February, 2017. Mr Ibru will however remain a non-Executive Director of the Company until 17 May, […]
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SEPLAT Reports Q4 2016 Results – Records Loss Before Tax of $85.1m
Culled—Proshare March 30, 2017/FBNQuest Research Event: Seplat Petroleum Development Company reports Q4 2016 results Implications: Negative reaction from the market likely Positives: Gas sales up 16% y/y to US$28m; realised gas prices also up 19% y/y to US$3.03/mmscf Negatives: Seplat recorded a loss before tax of -US$85.1m in Q4 2016 […]
Cadbury Nigeria Plc is Upgrading to Neutral after Marked Sell-off
Culled—Proshare March 30, 2017/FBNQuest Research 9% reduction to our price target Cadbury Nigeria’s (Cadbury) Q4 2016 results rounded off a challenging 2016. Despite strong topline growth during the quarter, which was around 40% ahead of our estimate, and a recovery from losses in prior quarters (–N477m and –N1.1bn in Q2 […]
