November 1, 2016/NSE Consistent with its commitment to broaden and deepen the Nigerian capital markets, The Nigerian Stock Exchange (NSE or The Exchange) in partnership with the Exchange Traded Funds (ETFs) Issuers Vetiva Fund Managers Limited, Lotus Capital Limited and Stanbic IBTC Asset Management is set to organise its annual […]
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Diamond Bank Plc – Earnings Sink on Higher Loan Loss Expense
Culled—Proshare November 1, 2016/FBNQuest Research • PAT down 78% y/y – behind Vetiva and Consensus estimates • Loss posted in Q3’16 standalone • Worrisome signs ahead, Earnings revised lower • TP revised to N3.17 (Previous: N4.29) PAT sinks amidst weak top line growth DIAMONDBNK released 9M’16 results showing weaker quarterly […]
Flour Mills of Nigeria Reports Q2’17 Results; Sales Grows by 43% YoY
Culled—Proshare October 31, 2016/FBNQuest Research Event: Flour Mills of Nigeria (FMN) reports Q2 2017 (end-Sep) results Implications: Marked upward revisions to consensus 2017 underlying PBT forecast likely Positives: Sales grew by 43% y/y. FMN reported PBT of N2.9bn vs underlying pretax loss of –N810m in Q2 2016 Negatives: FMN’s reported […]
