Invest Data Consulting Ltd

Company: FIDSON HEALTHCARE PLC (FIDSON) Rating: Hold Market Price at Earnings Release: 5.70 Intrinsic Value: N6.00 Latest Cash Div: N0.20 By: Jeariogbe Tunde Segun (Equity Analyst) Key Financial Tickers This report observed both the full year financial performance indices of Fidson Healthcare Plc for the year ended December 2017 and the first quarter 2018 statistics As at the end of the 2017 activities year, one individual and three corporate institutions owned above 5% of the company’s shares, they are: Fidelis Ayebae (29.77%) Glorious Haven Ltd (on behalf of Fidelis Ayebae) (5.74%) Stanbic Nominee (9.73%) CSP Nominee (12.16) Finance cost was observed to have increased in the current year by 45% as against last year. The figure currently reported was N1.001 billion as against the N690.776 million for 2016 The increase in Finance cost was despite the reduced Interest bearing loans and borrowings of N2.992 billion, as against N3.514 billion reported in prior ...

INVESTORS POSITION, TAKE PROFIT, LOOK TO EARNINGS SEASON, ECONOMIC DATA FOR DIRECTION The stock market on Thursday had a volatile and mixed performance to slightly reverse two trading sessions of a down market that had been on sideways trending range, before closing higher. The NSE benchmark index opened the day lower, and then rallied marginally in the mid-morning till afternoon as the intraday high of 36,732.24 remained the new resistant to breakout for new trend  to be ushered in in this recovery market and economy, especially when the Q3 corporate earnings reports that will further boost market fundamentals is around the corner. Add this to the September inflation figure and Q3 GDP numbers which will further reveal the health status of the Nigerian economy that is underway, as government still continues. It is also unfortunate that the promise  has at this point in time continue to promise that it would release funds to implement capital projects in 2017 bu...