DANGCEM’s H1'21 result reflects its superiority over domestic peers in terms of capacity, market coverage, and cost management. We raise our FY'21 earnings forecast to N366.5 billion (vs N333.1 billion previously) on potential impact of higher than expected volumes and prices. Aided by its strong cash position, the company is also likely to continue providing the highest dividend yield within its sector. This dividend yield and potential share buyback is likely to keep investors interested in the ticker.
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CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer
The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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