August 5, 2016/SEC The Securities and Exchange Commission (SEC) is pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This follows the directive from the Central Bank of Nigeria (CBN) via Circular referenced BPS/DIR/GEN/CIR/03/005 dated 28th July, 2016 instructing banks to allow customers […]
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FX Related Costs Bite Harder On Earnings of Julius Berger Nigeria Plc
Culled—-Proshare August 5, 2016/Vetiva Research FX related charges drag Q2 into loss Weak Q2 bottom-line mutes strong profitability over the quarter FY’16 earnings forecast revised lower following disappointing H1 Valuation revised slightly lower amidst pressure on FY’16 earnings JBERGER reported a 94% y/y drop in H1’16 PAT to N136 million […]
Fidelity Bank Q2 2016 Results: Retaining Underperform Rating on Weak Outlook
Culled—-Proshare August 5, 2016/FBNQuest Research Maintaining Underperform rating despite rolling over to 2017E Although Fidelity Bank’s (Fidelity) Q2 2016 PAT beat our forecast by 27%, the positive surprise was solely due to a positive result on the other comprehensive income (OCI) line. The underlying results showed that PBT missed our […]
