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Industry

Implications of Proposed Acquisition of Honeywell Flour Mills by Flour Mills of Nigeria

Event: Flour Mills of Nigeria Plc (FMN) has notified the Nigerian Exchange Group (NGX) of its plan to acquire a controlling stake in...

Capital

Flour Mills of Nigeria Q3 2019: Stronger Volume Supports Turnover Growth

February 5, 2019/InvestmentOne Report   ·         Mixed top line:  down 4.25% q/q, up 1.42% y/y.   ·         Weak gross profit margin: up 19bps q/q; down...

Capital

Flour Mills of Nigeria Plc Extends Offer and Repriced The 184-Day CP Series 3

  October 23, 2018/Arthur Stevens Asset Management Flour Mills of Nigeria Plc has extended the offer and repriced the 184-day CP (“Series 3”)....

Capital

Flour Mills of Nigeria Plc: Q4-18 Revenue, Margins Lower-Than-Expected; Earnings Disappoint

  July 2, 2018/Cordros Report Update: FLOURMILL released Q4-18 and 2018FY results earlier today. The 2018FY result shows revenue grew by a marginal...

Agriculture

Flour Mills Invests in Agric Sector

April 26, 2018/NSE In a move that further reiterates the commitment of Flour Mills of Nigeria Plc to the development of the Agriculture...

Capital

Flour Mills of Nigeria Plc: Earnings outlook still strong, even as new shares shrink TP

    Following the conclusion of the NGN38 billion Rights Issue (RI) and our recent discussions with management, we revise our TP and...

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