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% […]
Investors Bite
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 […]
Lafarge Africa Plc – Restructuring to calm earnings volatility
Culled—Proshare 16/11/2016/Vetiva Research Weak earnings, debt restructuring weigh on WAPCO WAPCO has declined 50% ytd, much steeper than the Industrial Goods sector (-24%) and the broader market (NSE ASI: -9%). The sell pressure started after the release of H1’16 earnings with a negative PAT exacerbated by N28 billion FX loss. […]
