https://nairametrics.com/2024/02/29/lafarge-africa-announces-fy-results-profits-impacted-by-significant-fx-loss/

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Lafarge Africa Announces FY results: Profits impacted by significant FX loss
NM Partners by NM Partners 2 hours ago
Lafarge
Lafarge Africa Plc


FY 2023 NET SALES UP 8.6% YOY; PAT DOWN 4.7% YOY, IMPACTED BY FX DEVALUATION LOSSES

FY 2023 Net Sales up 8.6% YoY
Strong Balance Sheet position: FY 2023 Free Cash Flow N109.7bn, strong Net Cash N142bn
FY 2023 PBT up 15.7% YoY in spite of N21bn Foreign exchange losses in 2023
Higher effective tax rate in 2023 (after expiry of Pioneer Status Incentive in 2022) coupled with pressures from FX losses led to a PAT decline of 4.7% YoY.
Continued focus on Product Solutions, Innovation, Operational Excellence, Health and Safety and Decarbonization

PERFORMANCE OVERVIEW

FY 2023 Financial Highlights

Lolu Alade-Akinyemi, CEO of Lafarge Africa, commented,

Once in a while, madness descends upon the market. That's exactly what happened this week following the MPC policy announcement. Imagine UBA, with a projected EPS of 15 naira, at under 30!

MTN though, sheesh

Ok.
https://businessday.ng/news/article/14-hours-power-supply-to-aba-to-start-this-weekend-a-week-ahead-of-schedule/

Today's Top volumes trades

Revenue up 22%
Operating profit up 5%
Finance income up 87%

But

Exchange loss N740b up 804%

Boshins:
https://nairametrics.com/2024/03/01/mtn-nigeria-incurs-n740-billion-in-forex-losses-shareholders-funds-wiped-out/

Wahala promax

[quote author=Agbalowomeri post=128719615]

Unprecedented

Agbalowomeri:


Wahala promax

Boshins:
https://nairametrics.com/2024/03/01/mtn-nigeria-incurs-n740-billion-in-forex-losses-shareholders-funds-wiped-out/

Unprecedented

OBAGADAFFI:
Revenue up 22%
Operating profit up 5%
Finance income up 87%

But

Exchange loss N740b up 804%

OBAGADAFFI:
Revenue up 22%
Operating profit up 5%
Finance income up 87%

But

Exchange loss N740b up 804%

Sharpen your cutlass. Buy opportunity must show.

Boshins:
https://nairametrics.com/2024/03/01/mtn-nigeria-incurs-n740-billion-in-forex-losses-shareholders-funds-wiped-out/

Choi

Agbalowomeri:


Wahala promax

Similar thing happened to Nestle.


What do you expect when the shareholders fund is too small for the volume of business they do

Ding!

Good morning!

For quite sometime now, it has been the banks dictating the direction of the market. When bank stock goes up, all other stocks follow same direction and vice versa. Therefore, all eyes should be on the direction of bank stock. This information is mainly for those in the market for short term gain. Long termer can relax.

Locotrader:
Good morning!

Locotrader:
Good morning!

The challenge now is to know at what price to exit

Locotrader:
Good morning!

Truly, nobody can time the market.....In January, i rebalanced my portfolio and decided to dedicate 10% of it to Champion. When i started buying Champion this February, my projection timeline for profit was 2024/2025......... I was prepared to even wait into 2026; but Alas!!!! Christmas came early.......... Locotrader, come with all the wheelbarrows in your house

Boshins:
https://nairametrics.com/2024/03/01/mtn-nigeria-incurs-n740-billion-in-forex-losses-shareholders-funds-wiped-out/

However low she goes till end of Q2 will keep Naira cost averaging as fund is available. my Opinion with a bucket of salt.

Different strokes for different folks. As some dey mourn massive fx losses na so some dey celebrate massive fx gains.
Banking sector on my mind.

2zona:


The challenge now is to know at what price to exit

Heineken can't exit champion at less than #10.
We minority shareholders with only 3.5% can't sell below 12.

I will prefer Enjoycorp to buy us at a #20 or we ride the company with them.

Champion is locked.No room for entry now.
Loco and those who heard my call are enjoying our ride now though I am 4% down at current price but no whala .Next week will be green all round

E Ku Market ooo

TRANSCORP @14.20......close to full bid...
At least some of us don shout this stock tire here......

TRANSCORP!

This is definitely the handwork of INSIDER INFORMATION. I believe the AFS will be posted soon

Locotrader:


Heineken can't exit champion at less than #10.
We minority shareholders with only 3.5% can't sell below 12.

I will prefer Enjoycorp to buy us at a #20 or we ride the company with them.

Champion is locked.No room for entry now.
Loco and those who heard my call are enjoying our ride now though I am 4% down at current price but no whala .Next week will be green all round

My findings is that Heineken BV strategically kept ChampionBrew small.......Instead of allowing ChampionBrew launch new products, grow and become a competitor to NB, it used ChampionBrew for contract brewing and as a tool to checkmate Guinness and other brewers.

With Heineken out of the way, ChampionBrew is free to fight for market share from NB, Guinness and Interbrew. I see ChampionBrew regaining a stronghold in its region with the launch of new products. EnjoyCorp must raise the value of ChampionBrew if they must make a profit.

yMcy56:
E Ku Market ooo

TRANSCORP @14.20......close to full bid...
At least some of us don shout this stock tire here......

yep....Any sound investor should definitely put a look on the coy called Transcorp....

KarlTom:
TRANSCORP!

This is definitely the handwork of INSIDER INFORMATION. I believe the AFS will be posted soon

Transcorp is bound to fly......The patient will dance to this bank....

2zona:


Sharpen your cutlass. Buy opportunity must show.

Truly truly sharpen cutlass

Meanwhile Nascon and Dangote sugar are keeping us in suspense

Funds...

Boshins:
yep....Any sound investor should definitely put a look on the coy called Transcorp....

I thought SALT sweetens but NASCON has decided to do contrary.
Just like they kept the BM a secret, they are yet to release the AFS as promised...

yMcy56:
E Ku Market ooo

TRANSCORP @14.20......close to full bid...
At least some of us don shout this stock tire here......

Good morning...please which bank will be good to buy @ current price..

KarlTom:
I thought SALT sweetens but NASCON has decided to do contrary.
Just like they kept the BM a secret, they are yet to release the AFS as promised...

People patiently waiting for release of the result, which they promised to release yesterday 29th Feb.

Some offers on table, we don't know what the guys are up to......those offers may disappear immediately result is released and it turns +ve.

We are watching their drama..