By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Bearish sentiments on Thursday returned to the Nigerian Stock Exchange (NSE) as the all-share index (ASI) was dragged into the red zone; falling 0.06 percent to close at 27,420.99 points. Cordros daily market update reports that the session’s negative close increased the Month-to-Date and […]
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Total Nigeria Plc is Positioned for a Stellar 2016; Shares Rated Neutral
August 18,2016/FBNQuest Research Strong all round performance in Q2 Total Nigeria’s (Total) Q2 2016 performance was better than expected. Sales and earnings both grew, 65% y/y and 211% y/y respectively. Access to fx for imports and an inventory load-up of relatively cheap stock were the primary drivers. The stock has […]
Guaranty Trust Bank Plc – Extraordinary FX Gains Mask Spike in Loan Loss
Culled—–Proshare August 18, 2016/Vetiva Research Earnings beat estimates – PAT up 45% y/y · Top line pressured by Non-Interest Income · Devaluation supports loan, deposit and asset growth · Board of Directors declares N0.25 interim dividend · TP revised upwards to N32.45 (Previous: N30.67) Earnings beat consensus despite spike in […]
