Culled—Proshare April 25, 2017/Vetiva Research Sticky Gross Earnings – down 2% y/y Lofty provisioning pressures bottom line PAT down 38% y/y – albeit ahead of Vetiva and Consensus estimates TP revised to N3.32 (Previous: N2.95) PAT down 38% y/y – albeit ahead of estimates DIAMONDBNK released its long awaited FY’16 […]
Updates
AfDB assesses results of US$ 5 billion investment in South Africa
April 26, 2017/AfDB What do we get for US$ 5 billion investment? The Independent Development Evaluation (IDEV) of the African Development Bank Group (AfDB) has just published a report evaluating more than a decade of engagement in South Africa (2004 – 2015), principally in the finance and energy sectors. Striking […]
Cadbury Nigeria Plc | First Glance: Q1-17 PAT; Hard Landing From Q4-16
April 26, 2017/Cordros Research Click here to download full PDF Report Cadbury Nigeria Plc (CADBURY) published Q1-17 result late yesterday, outperforming our estimate on revenue, but disappointed on earnings. PAT fell by 86.2% y/y, way behind our -47% y/y estimate. Principally, the decline in gross margin, both y/y and q/q, […]
