Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Wednesday,
October 30, 2019 /05:26PM / By CardinalStone Research /
Header Image Credit: Forte Oil Plc
Forte Oil Plc
(FO: TP N22.01 ) released its 9M'19
earnings result earlier today, announcing EPS of N4.03/share during the nine
month period (FY'19E: N4.88/share). 9M'19 performance was bolstered by gains
from disposal of assets and interest proceeds from longstanding PMS subsidy
receivables. The company noted that proceeds from longstanding receivables was
also supported by naira devaluation
Some Positives:
Some Concerns:
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Related News
1. FO Declares N5.26bn PAT in Q3 2019 Results; Revenue
Grew by 30.3%,(SP:N15.90k)
2. Forte Oil Notifies of Take-Over Offer from Ignite
Investments and Commodities Limited
3. Forte Oil Plc Announces Resolutions Passed at Its 40th
AGM Held On Sept 03, 2019
4. FO:
Proposed Take Over By Ignite Investment and Commodities Limited Still Under
Review By Regulators
5. Forte
Oil Plc Releases Document On Take Over Offer By Ignite Investments And
Commodities Limited
6. FO
to Hold 40th AGM on September 3 2019
7. FO Declares N5.45bn PAT in Q2 2019 Result,(SP:N18.30k)
8. Forte Oil Plc Gets CAC Approval For The Extension of Time To
Convene Its 40th AGM
9. FO Appoints Oladeinde Nelson-Cole As Acting Company Secretary
And General Counsel
10. FO Notifies of the Company's Board Meeting and Closed Period
11.
Forte Oil Plc Notifies of the Resignation of the Company's
General Counsel and Secretary
12. FO Declares N650m PAT in Q1 2019 Results;
Approves Special Dividend of N1.15 per Share (SP:N34.95k)
13. FO Announces Resignation and Appointment of its Board of
Directors
14. Femi Otedola: From FO to Geregu
15. Forte Oil Plc - Business Repositioning Signals New Dawn - May 17, 2019
16. Forte Oil Plc Notifies Of Divestment and Sales Of Its
Subsidiaries - May 04, 2019
17. Forte Oil Plc Holds Extraordinary General Meeting On February
7th, 2019
18. Forte Oil Denies Involvement With Skye Bank Insider Related
Loans
19. Forte Oil Plc: Will Planned Divestment Unlock Value?