By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Monday sustained its hold on the Nigerian Stock Exchange (NSE), as the all-share index (ASI) declined by 0.70 percent to close at 25,986.81 points. “Following today’s negative proceedings, the Month-to-Date (-4.53 percent) and Year-to-Date (-9.57 percent) returns declined further,” according to Cordros […]
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GTBank Q3 2016 Results Review- Limited Changes to Earnings ests and Price Target
Culled–Proshare November 14, 2016/FBNQuest Research Provisions and opex loomed large… On an annualised basis, GT Bank’s 9M 2016 PAT of N129bn is in line with management’s ROE guidance of “above 25%”. The fact that the bank’s Q3 2016 results featured strong fx-related gains did not come as a surprise to […]
UACN Announces Mandatory Take-Over of 2 Million Ordinary Shares in PORTPAINT
November 14, 2016/NSE Stanbic IBTC Stockbrokers hereby on behalf of UAC of Nigeria Plc (“UACN”) notify Dealing Members of the Mandatory Take-Over bid of up to 2,000,000 ordinary shares of 50 Kobo each in Portland Paints and Products Nigeria Plc (“Portland Paints” or the “Company”) at N4.47 per share (the […]
