Investors Bite

Nigerian Breweries: Conference Call Update – Slight Cut to 2016FY EPS and TP

Sept 01, 2016/Cordros Research We came away from yesterday’s conference call, with the management of NB, believing that operating performance in H2-16 would come in line with our expectation. Rising operating costs and deteriorating brand mix continue to pose threat to margins while management seeks to address these issues via […]

Guaranty Trust Bank Rating Moved to Neutral from Outperform

Culled—-Proshare August 31, 2016/FBNQuest Research Resilience reflected in valuation at current levels GT Bank shares have performed very strongly year-to-date. They are up 44%, compared with a loss of –4% for the ASI. The justification for this outperformance can be traced to the ability of the bank to weather the […]

NSE Remains Bullish on Buy Interest across Major Sectors, ASI up 0.39%

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday sustained its bullish momentum following buying interest across all the major sectors as the all-share index (ASI) climbed up 0.39 percent to close at 27,599.03 points. The positive trend is coming despite a stream of disappointing Q2-2016 economic data (e.g. […]