BuchyD:
Mondays are Known For "red".
How Red it's gonna be?... I can't say.

It is always A Good time to (re)enter some stocks for Those who Have spare cash.

HAPPY TRADING!

PETERiCHY:
FOOD 4 THOUGHT

Put a frog into a vessel fill with water and start heating the water.

As the temperature of the water begins to rise, the frog adjust its body temperature accordingly.

The frog keeps adjusting its body temperature with the increasing temperature of the water. Just when the water is about to reach boiling point, the frog cannot adjust anymore.

At this point the frog decides to jump out. The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature.

Very soon the frog dies.
What killed the frog?
Think about it!
I know many of us will say the boiling water.

But the truth about what killed the frog was its own inability to decide when to jump out.

We all need to adjust with people & situations, but we need to be sure when we need to adjust & when we need to move on.

There are times when we need to face the situation and take appropriate actions.

If we allow people to exploit us physically, emotionally, financially, spiritually or mentally they will continue to do so.

Let us decide when to jump!
Let's jump while we still have the strength.

*ThE OcToPuS*

BullBearMkt:

@BuchyD, I understand you made innocent post; but the reality is market can either be red or green on Mondays based on data

Happy Greenwich Week!!!

PETERiCHY:



Based on EXPERIENCE some of us QUIETLY CONVERTED our PAPER PROFIT to CASH by last week of January when the ovation was loudest and made the ABOVE post on Feb 7th.Today the forum has turned GRAVEYRAD.

Well for those looking for SAVE HAVEN to HIDE their LOOT.

CADBURY is there for your taking. It will definitely OUTPERFORM both DangSugar & Nascon put together on the LONG RUN.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Buzochi:
International Breweries Plc has approved the raising of emergency additional capital after posting losses since 2018.

After publishing its financials statement for 2023, the company shareholders called an extraordinary emergency meeting held on February 12, 2024, and approved capital raise through a right issue.

THE WHISTLER reported that International Breweries, makers of Trophy Lager, Hero Larger, Grand Malt, and Eagle Stout did not make a profit during the period from 2018 to 2023, thereby accumulating N156.07bn loss over the period.

An analysis showed that the company recorded full year loss of N3.93bn in 2018, N36.16bn in 2019; N 18.5bn in 2020; N16.42bn in 2021; N21.6bn in 2022 and in 2023, the company lost N59.46bn.

Aside from the nightmare imposed on the management by losses, the brewery is almost having liquidity challenge after its cash and cash equivalent dropped by N37.4bn from N66.8bn in 2022 to N29.4bn by the end of 2023.

The situation has mounted pressure on the company’s executive management led by Carlos Coutino who was appointed managing director in 2022 following the resignation of Hugo Rocha.

International Breweries has issued and fully paid capital of 26,862,069,000 ordinary shares of 50 kobo each.

In the new development, International Breweries shareholders authorized the company to “Raise additional equity capital by way of a rights issue to the existing shareholders of the Company on such terms and conditions (including but not limited to the amount of the Rights Issue, price of the Rights Issue, rights ratio, and number of shares to be provisionally allotted) as shall be determined by the Directors.”

A rights issue is one way for a cash-strapped company to raise capital for several projects. The shareholders also approved to discount the company’s shares from 50 kobo to 2 kobo.

The shareholders said, “That the nominal value of all the existing ordinary shares in the Company’s share capital be and is hereby sub-divided from fifty Kobo (N0.50) each to two Kobo (N0.02) each and all future ordinary shares in the Company’s share capital, including all new ordinary shares that are to be created pursuant to the increase of the Company’s share capital, shall have a nominal value of two Kobo (N0.02) each.”

https://thewhistler.ng/after-six-years-of-posting-losses-international-breweries-shareholders-meet-to-raise-additional-capital/

PETERiCHY:



Based on EXPERIENCE some of us QUIETLY CONVERTED our PAPER PROFIT to CASH by last week of January when the ovation was loudest and made the ABOVE post on Feb 7th.Today the forum has turned GRAVEYRAD.

Well for those looking for SAVE HAVEN to HIDE their LOOT.

CADBURY is there for your taking. It will definitely OUTPERFORM both DangSugar & Nascon put together on the LONG RUN.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Agbalowomeri:
Does it really make any sense converting dollars to invest in stocks at this rate?

Agbalowomeri:
Does it really make any sense converting dollars to invest in stocks at this rate?

PETERiCHY:



Based on EXPERIENCE some of us QUIETLY CONVERTED our PAPER PROFIT to CASH by last week of January when the ovation was loudest and made the ABOVE post on Feb 7th.Today the forum has turned GRAVEYRAD.

Well for those looking for SAVE HAVEN to HIDE their LOOT.

CADBURY is there for your taking. It will definitely OUTPERFORM both DangSugar & Nascon put together on the LONG RUN.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

stcool:
We have a big problem at hand...buying & holding $ is key until Emilokan exits!!!

Mfunkynation:

so you want us to help push the keke down the hill for it to start so that you can excape!
dey dia with your loot, we no go start am...
Na dividend we dey find with our loot this period!

Agbalowomeri:
Does it really make any sense converting dollars to invest in stocks at this rate?

rmx:


Loads of uncertainties in the economy , you can begin to feel the desperation and helplessness . Does not look like naira has bottomed out yet , more pain is definitely coming

Exited the markets January . Am back in dollars with my gain awaiting opportunities in other sectors , principal deployed to real estate . I wish dividend people well

rmx:


Loads of uncertainties in the economy , you can begin to feel the desperation and helplessness . Does not look like naira has bottomed out yet , more pain is definitely coming

Exited the markets January . Am back in dollars with my gain awaiting opportunities in other sectors , principal deployed to real estate . I wish dividend people well

Ballzproblem2:
people [b]investing in Nigeria stock exchange are just wasting their time with the de[/b]valuation of naira , they're better of just buying Dollars and keeping it.


If not go an learn forex trading EOD.

rmx:


Loads of uncertainties in the economy , you can begin to feel the desperation and helplessness . Does not look like naira has bottomed out yet , more pain is definitely coming

Exited the markets January . Am back in dollars with my gain awaiting opportunities in other sectors , principal deployed to real estate . I wish dividend people well

Ballzproblem2:
people investing in Nigeria stock exchange are just wasting their time with the devaluation of naira , they're better of just buying Dollars and keeping it.


If not go an learn forex trading EOD.

Boshins:
stop posting this nonsense on this forum...we r not babies here....

kolaish:
With due respect, stop quoting someone's post as non.sen.se especially when it is an advice. It is not a good and polite way to reply one's post, you can bring your advice/suggestions politely to counter what he/she has said. Though a faceless forum, but let's respect each others view.

yMcy56:
DANGSUGAR
From observation, it seems Sugar is already pricing in the result, after release of result, it might not have much impact on the share price again....

NASCON also maintaining share price range because insiders already seen the result....

We see how it goes....

Meanwhile, some insider activities in TRANSCORP earlier.......cleared up to 14.35 or so..........but selling at 13.50 range so far....

Generally, market looks down........no news, no result, no updates yet.......once results starts coming in, we may experience a better outlook......just an opinion.

Some results are expected by Feb ending.....

Boshins:
what is d advice? That I'm here wasting my time is d advice? Oga, park well...