November 4, 2016/Cordros Research Last week, FBN Holdings Plc (FBNH) released its nine months earnings report for the period ended September 30, 2016. Profit before tax (PBT) declined by 5.0% y/y (-51.4% q/q) while return on average equity (RoAE) fell to 9.4%, from 12.0% recorded as at H1’16. Following revisions […]
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Proshare Collaborates with FMDQ; Completes Financial Market Coverage – Oct ’16 SSS Report
November 4, 2016/research@proshareng.com Stock market activities closed negative in the month of October 2016 as the key market indicator, NSEASI, dropped by -3.94% as against +2.67% gain recorded in the month of September 2016 while market YTD performance extends further to remain in the red zone and stands at -4.97%. […]
Revision to DANGCEM Plc Estimates delivers a HOLD Recommendation
November 4, 2016/Cordros Research We have revised forecasts for DANGCEM going into 2017, considering (1) price action and competition (from LAFARGE whose production faced repeated interruptions in 2016) in Nigeria, which should impact sales volume; (2) likely price weakness in Pan Africa markets on intense competition; (3) higher (than expected) […]
