Culled—Proshare March 28, 2017/NSE The Board and Management of R.T.Briscoe (Nigeria) PLC hereby inform the Nigerian Stock Exchange and the general public that discussions are ongoing with the 7 banks to which our company is indebted, for a restructuring of our credit facilities. One of the banks recently advertised in […]
Updates
FCMB Group Reports Q4 2016 Results – OCI Grew by 132% YoY to N2.6bn
Culled—Proshare March 28, 2017/FBNQuest Research Event: FCMB Group reports Q4 2016 results Implications: Neutral reaction expected from the market Positives: Positive surprise on provisions; other comprehensive income grew by 132% y/y to N2.6bn Negatives: Profit before provisions fell -10% y/y and surprised negatively This afternoon, The NSE published FCMB Holdings’ […]
Transnational Corporation of Nigeria – Closure of ABV to Impact Hospitality Revenue
Culled–Proshare March 28, 2017/CardinalStone Research We met with the management of Transnational Corporation of Nigeria Plc (TRANSCORP) last week to understand the key drivers of its FY’16 results, and its plans for the future especially with regards to recent government action in the power sector. We revise our target price […]
