Click here to download full report By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer and Nigeria’s most capitalised listed company, Dangote Cement Plc has proposed a final dividend of N8.50 kobo per share to its shareholders compared to N8.00 paid in 2015 end. This is coming on the heels of the release of […]
Updates
ALERT – Dangote Cement Plc’s 2016FY Net Profit Beat Consensus After Posting Tax Credit
February 28, 2017/Cordros Research Dangote Cement Plc (DANGCEM) just released 2016FY result wherein revenue grew by 25% (to N615 billion vs. consensus’ N620 billion) while PAT increased by just 2.9% (to N186.6 billion vs. consensus’ N175 billion). A tax credit of N20.89 billion (resulting from deferred tax credit) was reported […]
Weekly Stock Recommendation-Cordros
Click here to view Cordros Weekly Stock Recommendation By InvestAdvocate Lagos (INVESTADVOCATE)-Rating Definition–Cordros Capital uses the following rating system BUY(OVERWEIGHT)-Over the next twelve months,we expect the stock to return at least 20% above the current market price. HOLD(NEUTRAL)-Over the next twelve months,we expect the stock to range between<-10%and<+20% from the […]
