Culled—Proshare October 28, 2016/FBNQuest Research Event: Nigerian Breweries reports Q3 2016 results Implications: Likely downward revisions to consensus 2016 PBT forecast Positives: Net interest expense declined by -23% y/y Negatives: PBT declined by -66% y/y driven by a gross margin contraction of -639bps y/y and a 9% y/y rise in […]
Investors Bite
CCNN Plc Records Another Disappointing Performance
October 28, 2016/Cordros Research On Friday, CCNN released results for nine months and third quarter ended September 2016. Revenue and operating expenses for 9M-15 were restated, thus the latest Q3-15 figures for these heads differed from those presented in last year’s account. This update compares the third quarter 2016 result […]
NSE Benchmark Index Advance as Buying Momentum Persist
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Buying momentum persisted Thursday on the Nigerian Stock Exchange (NSE) as the all-share index (ASI) advanced 0.43 percent to close at 27,236.78 points. “Today’s activities further decreased the Month-to-Date and Year-to-Date losses to 3.88 percent and 5.07 percent respectively,” according to Cordros daily market update. […]
