Culled—Proshare March 9, 2017/News Highlights Exchange-regulated MTF market for primary debt issuance, operating alongside London Stock Exchange plc’s other markets ISM targeted at institutional and professional investors from around the world Reinforces LSEG’s ongoing commitment to offer UK and global issuers access to a variety of listing options LSEG welcomes […]
Updates
Dangote Cement Plc FY 2016 Earnings Update – Expiring Tax Breaks Cast a Cloud on Forward Earnings
Culled—Proshare March 9, 2017/Afrinvest Research Dangote Cement Plc (“DANGCEM” or “the Group”) reported Q4:2016 earnings result last week, outperforming analysts’ expectation across metrics. Q4 standalone revenue grew 37.0% Y-o-Y to N173.0bn, bringing FY: 2016 turnover to N615.1bn, up 25.1% Y-o-Y relative to our projection of 20.0%. Similarly, Q4 standalone PBT […]
The Good Health of the DMO; Looks to Raise N130bn in Third Monthly Auction
Culled—Proshare Marhc 9, 2017/FBNQuest Research The DMO holds its third monthly auction of FGN bonds of the year next week, and looks to raise N130bn. It is operating from a position of relative strength, having already raised N375bn (US$1.23bn) from January and February combined by the simple expedient of paying […]
