Click here to view Cordros Weekly Stock Recommendation By InvestAdvocate Lagos (INVESTADVOCATE)-Rating Definition–Cordros Capital uses the following rating system BUY(OVERWEIGHT)-Over the next twelve months,we expect the stock to return at least 20% above the current market price. HOLD(NEUTRAL)-Over the next twelve months,we expect the stock to range between<-10%and<+20% from the […]
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Flour Mills of Nigeria Plc | Resilient in 2017; But Not Particularly Rosy Going Forward
February 28, 2017/Cordros Research Click here to download full report Despite the outperformance on revenue (10% more than Cordros’ estimate), FLOURMILL’s Q3-16/17 PBT came behind our forecast by 83%. The key outliers during the period were other operating losses (+36% ahead) and finance costs (+310% ahead). The former was impacted […]
UAC of Nigeria Plc: Have the bears overdone it?
Culled—Proshare February 27, 2017/ARM Research Recently, the share price of UAC of Nigeria Plc (UACN) succumbed to bearish sentiments, hitting an eight-year low of N12.02 on the 23rd of February 2017. The scale of the sell-offs placed UACN among a handful of stocks which have lost at least 80% of […]
