November 7, 2016/NSE Kindly be informed that in line with the terms and conditions of the Global Depositary Receipt Programme (GDR) agreement, FBN Holdings Plc’s (Formerly First Bank of Nigeria Plc) GDR programme will be terminated on 28 December 2016. Deutsche Bank Trust Company Americas, in its capacity as the […]
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Nestle Nigeria Plc – 9M’16 EPS Down 97% YoY as FX Loss Swells
Culled—Proshare November 7, 2016/Vetiva Research Posts second consecutive quarterly loss, 9M’16 PAT down 97% y/y Unsurprisingly, foreign exchange losses continued to mount pressure on NESTLE’s earnings in Q3’16 as further currency weakness in the quarter ensured a second quarterly loss after tax of ₦51.1 million (Q2’16 LAT: ₦6.1 billion). Given […]
Diamond Bank Q3 2016 Results Review – Asset Quality Weighing on Earnings and Valuation
Culled—Proshare November 7, 2016/FBNQuest Research Further downside likely from current levels We expect the market to focus only on asset quality metrics for Diamond going forward, much more than in previous quarters, given the scale of the negative surprise in the bank’s Q3 2016 results. Management has updated its asset […]
