FreeStuffsNG:

Paper loss actually Their revenue shot up in double digits as usual and they're still making big money here in Nigeria!

For those who don't know how to read and interpret FS, I am sorry that I can't help you.

The forex volatility is a temporary thing. Nestle will outlive it if it keeps minting money like it's still doing. I trust Nestle majority shareholder and other sophisticated investors to start mopping the shares from weak hands who don't understand the FS. To shareholders of Nestle, your company is still very formidable and profitable!

God bless Nigeria for ever! Check my signature for free stuffs!

Are you drunk? Please explain how nestle is still profitable?
It's clear that you do not know the difference between revenue and profit.
Please educate yourself.

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

Emerge from the moon abi?
It seems you guys don't know that the country is gone.
I have told my shipper to stop further consignment to Nigeria.
By March I am matching to Kenya, Ghana etc to check something.

Nigeria

Been a shareholder, is not a joke...... 🤣😂

tctrills:

Are you drunk? Please explain how nestle is still profitable?
It's clear that you do not know the difference between revenue and profit.
Please educate yourself.

I didn't make sense from what he posted there. And I am also asking if he's drunk?.

Whaaaaaaat?! but I thought ........ hooooooooo!

References1:


https://nairametrics.com/2024/02/28/nestle-nigeria-reports-n104-billion-loss-in-2023-shareholders-funds-wiped-out/?amp=1

Nestle: “The most evil company in the world”, according to some people: https://startuptalky.com/nestle-evil-company/

Omihanifa:


Am not disputing what you have said but the point am making here is that nestle products are very expensive, so the company should know clearly that due to the way the economy is at the moment a lot of people will ditch their products for cheaper alternatives.how may people go ready buy nestle bottled water at 2900 when you can buy cway, aquafina cascade and Mr v for less.

Nestle is considered premium water, that's what most top hotels, lounge and bars use

Adewale1603:
Before it was PZ cussions, now nestle.
Vaseline will be next

Pls no near our vaseline pls

When ever necessity becomes a luxury, luxury becomes unnecessary

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

Yet your government goes cap in hand begging for FDI.. Like government like supporters, clueless, arrogant, visionless, daft, corrupt, incompetent and gullible.

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

Agbadorians are not just bright... Lol

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

Nigeria is not favorable for business.

Thundafireseun:
In another news ….

Nestle is leaving Nigeria soon

True! Massive job loss loadin
God have mercy 🙏

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

keep sounding dumb as the day goes by. Local companies with which fund?

Shareholders are from sky Abi?

Soo no more milo

They just want to use this opportunity to walk away. Let the local champions take over. If well managed, some local businessmen could transform nestle and bring it back to profitability. These foreign owned companies don't like making losses outside their home country.

I just got a job offer from them ooooo

@FreeStuffsNG

your standards are low, people like you dont want the best for Nigerians. In what world does an exchange rate movement from 700NGN to 1400NGN a good thing.

You must be in an alternate universe, an upside down world filled with psychopaths. Paper loss that Nestle would still have to account for on the cash flow or balance sheet statement. You are full of ****

You think by lying often it becomes the truth : definition of a psychopath.

Ill mark this post for future ref.

FreeStuffsNG:

Paper loss actually Their revenue shot up in double digits as usual and they're still making big money here in Nigeria!

For those who don't know how to read and interpret FS, I am sorry that I can't help you.

The forex volatility is a temporary thing. Nestle will outlive it if it keeps minting money like it's still doing. I trust Nestle majority shareholder and other sophisticated investors to start mopping the shares from weak hands who don't understand the FS. To shareholders of Nestle, your company is still very formidable and profitable!

God bless Nigeria for ever! Check my signature for free stuffs!

@ Zxcvbnmghtr

Yes the economy is biting
but they dont have population were more that 60Percent described as being multidimentionally poor.

They dont have a system were the mininum wage is 20dollars a montha with sky rocketing food prices.

Your standards are low, people like you want Nigerians to be poor and don't want prosperity.



Mediocrity.

Nigerians are too patient from 1USd to 1500usd. Rubbish.

Zxcvbnmghtr:


Oga the economy is biting even worse in Europe and America.

eliyke:
I wonder what will b going through d minds of some investors dis calamity govt is trying to woo,instead of cleaning ur house first,u are traveling up nd down begging other countries to invest in ur country when u can not maintain d little ones u hv here

They are not looking for any investor, they know no investor will come to this kind of environment, they just want to travel the world , and be seen doing something,enjoy themselves, take pictures and earn estacodes ,that's all

Wahala90:
...

He has seen the light now ,he is on the otherside singing a new hym

tctrills:

Are you drunk? Please explain how nestle is still profitable?
It's clear that you do not know the difference between revenue and profit.
Please educate yourself.

like president like followers,you now imagine why the country is in this mess

Dialpad:
The new Nigeria business owners will hire them

I agree with you.
It's an opportunity for our indigenous businesses people to step in and fill the void

Adolfnigeria:
@ Zxcvbnmghtr

Yes the economy is biting
but they dont have population were more that 60Percent described as being multidimentionally poor.

They dont have a system were the mininum wage is 20dollars a montha with sky rocketing food prices.

You standards are low, people like you want Nigerians to be poor and dont want properity.



Mediocrity.

Nigerians are too patient from 1USd to 1500usd. Rubbish.

Poverty.

NESTLE Milo ,cerelac , Nido and Golden morn is getting out of reach for even average people
how would they not post losses ?
omo , if nestle should leave this country walahi, naija go suffer
those guys are one of the highest paying multinationals in nigeria
A van sales rep earns close 200k

Sirmwill:
If Nestle should decide to leave Nigeria
All Your eyes would see Banza version of Shege 😇

Abeg make them no leave Nigeria… I like the way they treat ALL their staffs including contract staffs. They pay their staffs well and free lunch every blessed day(better food with big chicken laps🍗). I was privileged to work as a contract staff in their branch at Sango-Ota in 2020, I worked for 5 months, I was paid 90k monthly.

Every festive period or public holiday like Christmas, sallah, independent day, new year e.t.c they normally share 1 portion of everything we do produce for all Staffs like golden more, milo, Nescafé coffee.. etc I really enjoyed my stay there! It’s not easy to be a full time staff there no matter the connection you have!

They pay their full time staff well, they pay above 130k monthly depending on your position. If you’re receiving below 130k then you must be a contract staff. The man I was working under was receiving 350k monthly and he’s not even close to any managerial position.

I really enjoyed working with them!

surgical:
like president like followers,you now imagine why the country is in this mess

These people can't be helped. They need our prayers.

sekundosekundo:


I didn't make sense from what he posted there. And I am also asking if he's drunk?.

He is drunk on stupidity.

We complained so much about this economy killing businesses? How many of the executives of these multinationals have cut down their luxury lifestyles to protect shareholders' funds? How many of these executives have made sacrifices to keep the company afloat and save shareholders from this type of tears? Some of these shareholders too will not question the lifestyles of these executives ones they have been treated well. Until we begin to question, query and challenge these companies' executives about their luxury living at the expense of shareholders' protection, we have not started.

What Nestle?

Experiencing a loss in the stock market can be challenging, but it's important to approach the situation thoughtfully. Here are some steps you can consider taking if a company you've invested in incurs significant losses:

Stay Calm:
It's natural to feel upset or frustrated, but it's essential to stay calm and avoid making impulsive decisions. Emotional reactions can lead to further losses.

Assess the Situation:
Evaluate the reasons behind the company's poor performance. Consider whether it's a short-term issue or a more significant, long-term concern. Look at financial reports, news, and any other relevant information.

Diversification:
Assess your overall investment portfolio. If your losses are concentrated in one stock, it might be a reminder of the importance of diversification. Spreading your investments across different sectors can help mitigate risk.

Reevaluate Your Investment Thesis:
Review the reasons you initially invested in the company. Has there been a fundamental change in the business, industry, or economic conditions? Consider whether the reasons for your investment are still valid.

Long-Term Perspective:
If your investment horizon is long-term, consider whether the company has the potential for recovery. Some companies go through temporary setbacks but bounce back over time.

Consult Financial Advisors:
If you're uncertain about what actions to take, consider consulting with a financial advisor. They can provide personalized advice based on your financial goals, risk tolerance, and the current market conditions.

Tax Implications:
Before making any decisions, be aware of potential tax implications. Selling stocks may trigger capital gains or losses, impacting your tax situation.

Decide on Your Next Steps:
Based on your assessment, decide whether to hold, sell, or buy more shares. Make decisions aligned with your overall financial goals and risk tolerance.

Learn from the Experience:
Use the experience as an opportunity to learn. Reflect on what went well and what could have been done differently. This knowledge can help you make more informed investment decisions in the future.

Remember that investing always involves some level of risk, and markets can be unpredictable. It's crucial to have a well-thought-out investment strategy and to periodically review and adjust your portfolio based on changing circumstances. If you're unsure about your specific situation, seeking advice from financial professionals is recommended

See my signature for ways out of the present hunger in Nigeria.