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Weekly Valuation Summary June 4, 2018

June 4, 2018/Cordros Capital CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY was flat a tNGN12.50. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q1-18 result, showing EBIT was higher by 76.2% while PBT was lower by 67.2%, […]

Ecobank Partners Kwara Govt on Land Administration

June 1, 2018/Ecobank Ecobank has entered into a strategic partnership with the Kwara State Government and South Gate Technologies on land administration. This entails the computerization of the end to end processes of all land related matters in Kwara State as opposed to the manually driven mechanism which allows for […]

Fidelity Bank Shareholders Endorse 11 Kobo Dividend in 2017

By InvestAdvocate Lagos (INVESTADVOCATE)-Shareholders of Fidelity Bank Plc on Friday May 25, 2018 approved the sum of 11 kobo per share dividend for the year ended December 31, 2017. This is coming on the heels of the bank’s 30th Annual General Meeting (AGM) as the board of directors of the […]