Culled—Proshare November 17, 2016/FBNQuest Research Tangible cuts to our EPS forecasts and price target Dangote Cement’s (DangCem) Q3 2016 results came in well behind our forecasts. As such, we have cut our EPS forecasts by around 12% on average over the 2016E-18E period. However, the reduction to our price target […]
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Lafarge Africa Plc: Ignore the Debt Conversion; Focus on Fundamentals!
November 17, 2016/Cordros Research In announcing its 9M-16 result, the management of LAFARGE informed investors/analysts that the company, as at July, 1st 2016, converted shareholders’ loan for an amount of USD493 million (out of USD510 million) to an equity instrument, on which the repayment (including interest at an average 6% […]
AshakaCem to Delist from NSE over Free Float Deficiency
17/11/2016/Thisday The Board of Directors of Ashaka Cement Plc has opted for a voluntarily delisting of the company from the Nigerian Stock Exchange (NSE). In an explanatory to the NSE, made available wednesday, directors of Ashaka Cement said the voluntary delisting follows the company’s violation of the exchange’s Free Float […]
