Culled—-Proshare September 26, 2016/FBNQuest Research Strong but varied unit volume growth in H1 2016 Sector-wise, unit volume growth for Nigerian cement companies in H1 2016 was stellar, at around 21% y/y. However, on a company by company basis, fortunes varied. While Dangote Cement, Nigeria’s largest cement producer, saw unit volume […]
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Guinness Nigeria Plc – No Sign of Respite in the Very Near Term
Culled-Proshare September 23, 2016/FBNQuest Research Downward revision to estimates; Underperform rating maintained Guinness Nigeria (GN) reported pretax and post-tax losses in Q4 2016 (end-June); the losses were significantly worse than our expectations. As such, we have cut our earnings estimates over the next two years by 88% on average. However, […]
Bulls Sustain Hold on NSE for 2-Straight Week as Conoil Maintain Top Gainers Spot
By InvestAdvocate Lagos (INVESTADVOCATE)-The Bulls on Friday sustained its hold on the Nigerian equities market for the second consecutive week, with the benchmark index closing 1.39 percent Week-on-Week (w/w) higher at 28,247.07 and N9.703 trillion respectively. “Similarly, all other Indices finished higher during the week, with the exception of the […]
