Culled—Proshare November 1, 2016/FBNQuest Research Event: Ashaka Cement (Ashaka) reports Q3 2016 results Implications: Likely downward revisions to consensus 2016E PBT forecast likely Positives: Slight y/y fall in opex which surprised positively Negatives: Ashaka reported a pre-tax loss of –N648m, driven by elevated COGs and a -16% y/y decline in […]
Updates
Mobil Oil Nigeria Plc – Subdued Q3 but still up for record FY
Culled—Proshare November 1, 2016/Vetiva Research Soft revenue in traditionally weak Q3 Forecast cut to account for weak quarter Margins contract as currency woes bite Still up for a record FY TP revised to N206.30 (Previous: N214.82) Shares downgraded to HOLD after post liberalization rally Soft Q3 revenue MOBIL reported subdued […]
Scatec Solar and Norfund sign Power Purchase Agreement for Mozambique’s first large scale Solar Plant
November 1, 2016/Scatec Solar Scatec Solar (ScatecSolar.com) and Norfund (www.Norfund.no) have signed the Power Purchase Agreement securing the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM). The agreement was signed at a ceremony in Maputo yesterday in the presence of […]
