Author: Julius Alagbe
Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.
Virus Outbreak Exacerbates International Breweries Earnings Trouble International Breweries Plc achieved a rather worsen financial scorecard in the first half of 2020, thanks to virus outbreak that exacerbate an already pressured earnings performance. Equity analysts have set price target of ₦10.05 for International Breweries Plc stock after a rather disappointing earnings. Despite its high cash burn rate, and resultant loss of earnings, shareholders pumped money into the company as equity value skyrocketed by a whopping 1,934%. Valued at ₦89.987 billion in the stock market, IntBrew was quoted at ₦3.40 which was 5 kobo above its bottomed price, against 52-week high…
Money Market: Inter-bank Rates Moderated on Robust Liquidity Inter-bank rates moderated further in the money market on Monday on the back of robust liquidity in the financial system. On Monday, the financial system liquidity was opened at ₦604.5 billion, which market analysts say was partly buoyed by bond coupon payment. Then, the Open Buy Back (OBB) and Overnight (OVN) rates declined by 48 basis points (bps) and 33 bps to 1.13% and 1.88%, respectively. Meanwhile, the fixed income market opened the week with largely bullish sentiments, which was also partly aided by the high liquidity in the financial system. However,…
Cadbury: Analysts Downgrade Stock to Hold after Disappointing Earnings
Stanbic IBTC: Stronger Prudential Ratios Attract Analysts Buy Rating. Ahead of its second quarter of financial year 2020 earnings release, analysts have rated Stanbic IBTC Holdings Plc a Buy on account of stronger prudential ratio.
Revenue from Oil Could Only Finance 8.78% of Nigeria’s Budget 2020
Analysts Express Concern over GTB High Foreign Currency Exposure. Guaranty Trust Bank (GTB) Plc high foreign currency loans exposure is now a downside risk to the lender’s earnings expectation in 2020, and analysts have expressed concerns.
With the rampaging coronavirus and associated impacts on the economy, analysts have stated
Naira Repricing Likely as Weak FPI Appetite for OMO Bills Worsen FX Outlook. Naira repricing is more likely as weak foreign portfolio investors (FPI) appetite for Open Market Operations (OMO) bills would worsen currency outlook, Cardinalstone, a multi-assets investment management firm stated this in
We Worry About Efficiency of Access Bank Plc – Analysts. Equity research analysts at Cardinalstone Limited, an investment management firm, have expressed worry over efficiency of Access Bank Plc in financial year 2020.
Fidelity Bank appoints Nneka Onyeali-Ikpe MD-designate Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021. The bank made the announcement on Monday in a notice on the NSE website, signed by Ezinwa Unuigboje, its Company Secretary. The notice said the appointment followed the impending retirement of its Managing Director/Chief Executive Officer, Mr Nnamdi Okonkwo, from the Board of Directors of the bank, with effect from Dec. 31, 2020, upon completion of his contract tenure. “In compliance with…