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 […]
Updates
Farmers in Senegal Achieve Strong Yield Increases with Syngenta APRON Star Programme
February 28, 2017/Syngenta Syngenta (www.Syngenta.com)’s Seedcare program for smallholder farmers in Senegal has led to impressive yield increases for pearl millet (1.2 t/ha, +40%), sorghum (1.1 t/ha, +86%), maize (2.7 t/ha, +101%), irrigated rice (9.4 t/ha, +11%) and rain-fed rice (2.0 t/ha, +33%). The achievements from year one of the […]
Flour Mills of Nigeria Plc | Resilient in 2017; But Not Particularly Rosy Going Forward
February 28, 2017/Cordros Research Click here to download full report Despite the outperformance on revenue (10% more than Cordros’ estimate), FLOURMILL’s Q3-16/17 PBT came behind our forecast by 83%. The key outliers during the period were other operating losses (+36% ahead) and finance costs (+310% ahead). The former was impacted […]
