February 22, 2017/Sage Sage (www.Sage.com/za), the market and technology leader for integrated accounting, payroll & HR, and payment systems, has today launched Sage Foundation’s Enterprise Fund (https://www.Sage.com/company/sage_foundation). The new $1 million fund is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young […]
Investors Bite
Forte Oil List N9 Billion bond
21/2/2017/NSE The Nigerian Stock Exchange has listed a firmly underwritten N9billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company. The proceeds of the N9 Billion Series 1, Five Year bond will be deployed to refinance existing short term commercial […]
Nigerian Breweries Plc|Q4-16 – First Glance: PAT -30% y/y; Record Low EPS in 2016FY
February 21, 2017/Cordros Research Click here to view full report Late yesterday, NB released Q4-2016 and final results for 2016FY. Not surprising, 2016FY EPS was at record low N3.58 (vs. our estimate of N3.35), as gross margin compression (528bps) and significant increase in finance costs more than offset single-digit revenue […]
