A director at Ecobank Transnational Incorporated bought 96,515,229 shares at 15.550NGN and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Downgrading to Hold from Buy following good performance: We are downgrading our recommendation on the Ecobank Transnational Incorporated (ETINL) 9.5% 2024 bond to Hold from Buy. Spreads have tightened significantly since the bond was issued and now look closer to fair. Having said that, we acknowledge that indicative prices are now off the highs.
Recommendation unchanged: We reiterate Buy on the Ecobank Transnational (ETINL) 9.5% 2024 bond for now. We acknowledge that the bond now yields much less than when it was issued (9.75% at issue versus mid YTM of just over 6% at the time of writing).
Goodbye DIAMBK 2019s: The Diamond Bank 8.75% 2019 eurobond will mature on May 21. Access Bank management has said this bond will be redeemed. This will mark Diamond Bank’s exit from the eurobond market. The bank’s equity ceased to trade earlier in the year, following completion of the merger with Access Bank.
We reiterate our Buy recommendation on the Ecobank Transnational (ETINL) 9.5% 2024 bond. The unexpected resignation of the CEO did raise some concerns. However, decent results for Q1 and publication of the much-anticipated end-2018 capital ratios has helped address these concerns.
Initiating coverage with a Buy: We assign a Buy recommendation to the Ecobank Transnational Incorporated (ETINL) 9.5% 2024 bond, issued to yield 9.75%. The key drivers of this positive view are valuations, improving fundamentals, supportive technicals and a strong group of shareholders.
Strike averted as new minimum wage proposed This morning, the minimum wage tripartite committee completed its proposal for a new national minimum wage, which would be forwarded to the Presidency today. Although the proposed figure has not been disclosed, the labour union had previously demanded a wage of at least ₦30,000. The strike action initially planned for today has been called off, easing concerns over fuel and transport availability in some parts o...
ETI is a pan-African institution, a leader in financial services in West Africa. However, its net banking income declined for some time beforerecording a recovery in 2017. Indeed, since 2015 the Group’s activities have weakened with the drop in the price of the oil barrel and Nigeria’seconomic gloom. The Nigerian market represents almost one-third of the group‘s total balance sheet
ETI est une institution panafricaine, leader des services financiers en Afrique de l’Ouest. Cependant, son produit net bancaire a pendant une période chuté avant de connaître une reprise en 2017. En effet, depuis 2015, les activités du Groupe sont en déclin, avec la chute du prix du baril de pétrole et la morosité économique du Nigéria. Le marché nigérian représente en effet, près du tiers du total bilan du Groupe.
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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