Culled—Proshare November 1, 2016/FBNQuest Research Event: Ashaka Cement (Ashaka) reports Q3 2016 results Implications: Likely downward revisions to consensus 2016E PBT forecast likely Positives: Slight y/y fall in opex which surprised positively Negatives: Ashaka reported a pre-tax loss of –N648m, driven by elevated COGs and a -16% y/y decline in […]
Investors Bite
Mobil Oil Nigeria Plc – Subdued Q3 but still up for record FY
Culled—Proshare November 1, 2016/Vetiva Research Soft revenue in traditionally weak Q3 Forecast cut to account for weak quarter Margins contract as currency woes bite Still up for a record FY TP revised to N206.30 (Previous: N214.82) Shares downgraded to HOLD after post liberalization rally Soft Q3 revenue MOBIL reported subdued […]
Cordros Benefit Tracker October 2016
November 1, 2016/Cordros Click here to download Cordros Corporate Results & Benefits Tracker (Jan-Oct 2016).
