THE UNEXPECTED GIFT
I had mixed feelings as I stared at my admission letter into the University sitting in my mail. On one hand, I was extremely happy but on the other, I was totally sad because father is no more and can’t celebrate this win with me. Aside that, there was no obvious means to pay the […]
Stock Recommendation for the Week , April 15
ARM Research | Weekly Call The Nigerian equities market extended its loss run last week, with the ASI shedding 0.19% to close at 29,560.47 points while market capitalization lost N21 billion. This performance was largely driven by bearish sentiments in the Breweries (-0.32%), Personal Care (-2.16%), Food (-0.21%) and Insurance (-0.39%) indices, offsetting the mild […]
Her children, her everything
Mama Divine was a lanky, very dark and young mother of two kids. She owns a moderate foodstuff business which every family in our estate depends on for their mini mid-week shopping. Her story was as unbelievable as it is pitiable. Having left her home in Delta state at the age of 14 after several […]
ARM Research | Weekly Call – Stock Recommendation for the Week , April 8
For the fourth consecutive week the Nigerian equities market continued its decline with the ASI shedding 4.59% this week to close at 29,616.38 points while market capitalization lost N548 billion. This lacklustre performance in Nigeria’s bourse was driven by bearish sentiments across all sectors with Banking (-5.49%), Breweries (-8.67%), Cement (-1.30%), Personal Care (-8.37%), Food […]
#ILoveMyFamilySeries: A Gift For Everyone
I felt my phone vibrate in my pocket as I showed a new customer an array of complete sitting room sets in my workshop display room. I gestured to the workshop manager to continue with the customer so that I could take the call. The caller identity showed an unrecognized international line. “Hello”, I said […]
Initial View – Dangote Sugar Refinery Plc FY 2018- Smuggling of cheap sugar hurts topline
In Dangote Sugar Refinery (Dangsugar) released its full year 2018 result wherein it reported weaker earnings (-45% to N22 billion), 5% deviation from our earnings estimate – mainly due to higher than expected tax paid during the period. For clarity, effective taxes over the period printed at 36.5% (5-year average: 28% and ARM Estimate: 30%). […]
Vacation ready?
This holiday will be a pretty short one but still, with the children at home, you’ll need a plan to maintain sanity and curtail expenses. Get vacation ready with these tips: Shop in bulk before school vacates: Make time to stock up before school vacates in order to have a process set up for the […]
ARM Research – Stock Recommendation for the Week , April 01
The Nigerian equities market continued its decline with the ASI declining -0.31% WoW to close at 31,041.42 points while market capitalization lost N59.7billion. This was induced by bearish sentiments across major sectors, particularly Banking (-2.14%), Breweries (-3.23%), Personal Care (-0.44%), and Insurance (-1.57%) indices overwhelming gains in Cement (0.50%), Oil & Gas (9.68%) and (Food […]
Initial View – FCMB Group Plc. & Fidelity Bank Plc. FY 2018 – Striking outing in 2018, topped with juicy dividends
FCMB Group Plc. (FCMB:NL) & Fidelity Bank Plc (Fidelity.NL) Striking outing in 2018, topped with juicy dividends FCMB (FCMB.NL) and Fidelity (FIDELITY.NL) published FY 18 results last night with both banks posting solid growth in earnings. FCMB reported EPS of N0.76, slightly higher than our expectation of N0.74. The difference was largely due to a […]
Monetary Policy: MPC Springs a dovish surprise
MPC Springs a dovish surprise The CBN Monetary Policy Committee (MPC) voted to cut the key benchmark interest rate by 50bps to 13.5%, taking the Standing Lending Facility and standing deposit facility to 15.5% and 8.5% respectively. The decision was surprising in that ARM Research and most analysts surveyed by Bloomberg anticipated no change in […]
