₦airaland Forum

There is nothing like Racism. It should be simply called Discrimination.

And Yorubas are the worst in Discriminating against non-Yorubas. Let that old sick doctor go and eat shit.

Go to most Public and Private companies in and around Lagos State, and see how Yorubas discriminate highly against non-Yorubas, beginning with the Language. There is always a deliberate attempt by Yorubas in an official setting to gang up against non-Yorubas. That is pure Discrimination. It exists everywhere. Let that same old doctor go to Nigeria, and you will see him using the same mouth he is now using to claim Racism, to discriminate against those who are not from his Tribe.

Yorubas, stop discriminating. When you see people from other white countries, you suddenly know how to speak English. But when you are in the midst of your fellow Nigerians, who do not understand Yoruba language, you will no longer speak English language but switch to Yoruba language just to discriminate against others.

Racism my foot.

LilX2:
Make Una stop this nonsense, someone wins an award, y’all bring this Igbo or Yoruba ! Una get sense at all?

Is she from Igala or Nupe before?

There is Tattoo on her neck. She is a Prostitute. End of Discussion. Case closed...

After a stock has been delisted, does CSCS remove it from your stocks trading portfolio? If No, why not?

Yorubas with their "Bend Down Collect Grammy".

sterlingD:
IKEJA HOTEL PLC

https://doclib.ngxgroup.com/Financial_NewsDocs/42957_IKEJA_HOTEL_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

NCR

https://doclib.ngxgroup.com/Financial_NewsDocs/42959_NCR_(NIGERIA)_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

LIVING TRUST

https://doclib.ngxgroup.com/Financial_NewsDocs/42960_LIVINGTRUST_MORTGAGE_BANK_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

*IKEJA HOTEL REPORTS N5.290 BILLION PRE-TAX PROFITS, UP 39.46% YOY*

Ikeja Hotel Plc has reported a profit before tax of N5.290 billion for the year ended 31 December 2024. According to the unaudited Group financial statements, the company reported revenue of N18.754 billion, a 68.75% increase from the N11.113 billion reported the year prior. The revenue growth was primarily driven by a significant rise in room sales revenue, which amounted to N12.832 billion (68.42% of revenue), compared to N7.208 billion in the previous year.

Key highlights (2024 vs 2023 FY)

1) Administrative expenses: N1.890 billion +26.08% YoY
2) Cash and Cash Equivalents: N22.533 billion +53.88% YoY
3) Cost of sales: N11.214 billion +60.58% YoY
4) Earnings per share: N1.60 +66.67% YoY
5) Finance cost: N1.329 billion +11.87% YoY
6) Gross profit: N7.540 billion +82.57% YoY
7) Operating profit: N5.133 billion +15.07% YoY
8. Profit after tax: N3.454 billion +66.53% YoY
9) Retained Earnings: N10.403 billion +41.21% YoY
10) Revenue: N18.754 billion +68.75% YoY
11) Sales and marketing expenses: N713 million +77.02% YoY
12) Total Assets: N69.508 billion +16.31% YoY
13) Total Equity: N26.683 billion +13.13% YoY

Key Highlights of the Result

1) Balance sheet strength: Total assets grew by 16.31% YoY to N69.508 billion, supported by a substantial cash reserve of N22.533 billion. Shareholders’ funds also increased by 13.13% to N26.683 billion, driven by revaluation reserves and retained earnings.
2) Dividends: Over the past two years, the company has maintained a steady dividend per share of 7.5 kobo and currently offers a dividend yield of 0.61%. With the growth in earnings per share (EPS) to N1.60 and strong retained earnings, there is an expectation among investors for increased dividends in the future, which could further bolster shareholder value.
3) Financial health: Ikeja Hotels maintained a strong interest coverage ratio of 3.86x, indicating that its operating profit comfortably covers interest expenses. This reflects a stable financial position despite the increase in finance costs by 11.87% YoY to N1.329 billion.
4) Market performance: Ikeja Hotels’ share price delivered strong returns, with an 88% year-to-date return in 2024, following an impressive 471% return in 2023. This year it has gained 8.44%, ranking it 57th on the NGX in terms of YtD performance. This strong performance suggests investor confidence in the company’s growth prospects.
5) Operating efficiency: While operating profit increased by 15.07% YoY to N5.133 billion, the operating profit margin contracted to 27.37% from 40% in the previous year. This suggests that despite strong revenue growth, there are ongoing cost pressures that impact operational efficiency.
6) Profit surge: This surge in profitability was supported by the faster growth in revenue compared to the increase in the cost of sales, which grew by 60.58% YoY to N11.214 billion. This contributed to a healthy gross profit margin of 40.20%, up by 8.19% from the previous year.
7) Return metrics: The return on equity (ROE) stood at 12.94%, indicating moderate returns for shareholders. The asset turnover ratio was 0.27x, suggesting room for improvement in asset utilization efficiency. Additionally, the net profit margin contracted slightly to 18.42%, reflecting the need to manage costs effectively to sustain profitability.

Overall, Ikeja Hotels Plc has shown robust growth in revenue and profitability, supported by a strong balance sheet and investor-friendly returns. While there are areas such as cost management and asset turnover that warrant attention for further improvement, the company’s strategic positioning in the market and financial health appears promising for continued growth and shareholder value enhancement.

So sad. It could have been anyone of us.

zendi:
Show me where it's buried. I want to retrieve my money that is buried with it.

Go to the evil forest.

That means before this past 1 year, she was a Bore Hole?

zendi:
I had written off the evansmed long ago, but yet continued wishing for a miracle.
Thanks for the info.

Yeah. Evans Medical is dead and buried permanently.

pluto09:
Na buy forde I dey hold am now as I no get option of selling. Or you want to buy?

No

KarlTom:
C'mon man!

This is almost 2years ago...

If you say so.

zendi:
Every old hand has a dump for dry bones in his pfolio, teaching him the Ezekiel prayer for dry bones to come to life.

Mine were in 3 heaps:

1) intenegins

2) stdinsure

2) evansmed

At the appointed time, God breathed life (Norrenberger) into my intenegins and I ejected with healthy loot (60k to N1.50).

My Ezekiel prayer continues on the remaining two.

Evans Medical has been delisted permanently. Forget about it.

https://dailytrust.com/fg-removes-evans-plc-3-others-from-stock-listing/

https://nairametrics.com/2023/07/04/coronation-insurance-receives-buyout-offer-to-delist-from-ngx/

Trade WAPIC (Coronation) Insurance cautiously...

https://nairametrics.com/2024/12/16/will-wapco-delist-following-chinese-buy-into-nigerias-cement-industry-through-lafarge/

Trade WAPCO (Lafarge) cautiously...

https://guardian.ng/business-services/pzs-plan-to-buy-out-other-shareholders-delist-from-exchange-hits-brick/

Trade PZ Plc cautiously...

https://punchng.com/shareholders-back-mrs-oil-delisting-from-ngx/

Trade MRS Plc cautiously...

https://www.vanguardngr.com/2024/06/guinness-nigeria-set-to-delist-from-ngx/

Trade Guinness Plc cautiously

Those still buying these 3 Companies should Trade very cautiously...

1) Austin Laz and Company Plc (Presently at N1.82)
2) Union Dicon Salt Plc (Presently at N7.50)
3) Wapic (Coronation) Insurance Plc (Presently at N2.50)

pluto09:
I pray they return o.
Still holding some bags of ASO savings and loans.

Hold well your ASO savings and loans. They may return soon to the market...

Agbalowomeri:
Medview still dey NSE?

Yes, but Suspended since 26th June, 2020

10 NEXT COMPANIES SET TO BE DELISTED ANY MOMENT FROM NOW ARE:

1) Afromedia Plc
2) Capital Oil Plc
3) DN Tyre & Rubber Plc
4) Ekocorp Plc
5) Goldlink Insurance Plc
6) Medview Airline Plc
7) Multi-Trex Integrated Foods Plc
8. Pharma-Deko Plc
9) Premier Paints Plc
10) Vanleer (Greif Nigeria) Plc

Buy only what you can Sell off. No be your Papa get the Company...

What tribe is he?

4 COMPANIES LIKELY TO SURPRISINGLY RETURN TO THE STOCK MARKET ARE:

1) African Alliance Insurance Plc
2) ASO Savings and Loans Plc
3) STACO Insurance Plc
4) Standard Alliance Insurance Plc

We watch and wait…

Finally, Tourist Company of Nigeria and Union Homes and Savings have been delisted from the stock market.

Many more will still go. Trade cautiously...

DAAR COMMUNICATIONS PLC REPORTS EARNINGS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2024
Daar Communications Plc reported earnings results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company reported sales was NGN 2,103.46 million compared to NGN 1,316.95 million a year ago. Net loss was NGN 889.09 million compared to NGN 808.27 million a year ago. Basic loss per share from continuing operations was NGN 0.11 compared to NGN 0.1 a year ago.
For the full year, Sales was NGN 4,991.93 million compared to NGN 4,510.34 million a year ago. Net loss was NGN 2,870.81 million compared to NGN 1,509.03 million a year ago.

Ironically, Nigerian lecturers are complaining that AI is making Nigerian students to be academically lazy. My thought is: If the Nigerian lecturers are not also academically lazy, how come they were not able to develop the AI, all these years? 🤔

Johnson225:
Snipper in bottled water? ...Like the guy doesn't have taste buds or what?? very dumb move.
A case of attempted murder, she deserves some time in prison

By the time your taste bud works, your belly buds would have gotten the memo

Congratulations!!!

After reviewing your application, we were impressed by your skills and experience.
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Is this a Fake Job invite from lagworkforce@gmail.com?

Congratulations!!!

After reviewing your application, we were impressed by your skills and experience.
We're therefore pleased to invite you for an assessment/Chat with us.

The conversation is typically tailored to give us the opportunity to get to know you, your interests, skill set and experience. It will also give you a glimpse into who we are, what we do and what our goals are.
Kindly note that you're expected to be corporately dressed with a proper means of identification.

Company Name: Rite Synergy Koncept

Date: Monday February 3rd, 2025.

Time: 9:00am Prompt.

Venue: Flat 168 Iju road, Fagba Bus-stop; beside Providence Heights School, Agege Lagos.

Mode: Physical

N.B: Kindly Acknowledge this mail to confirm your availability.

Thank you.


Disclaimer: We're an outsourcing agency recruiting for a clientele. Only the selected candidates would be undergoing an intensive training after the assessment and should be ready to resume immediately.

For Enquiries; +2347019787941(calls Only)

Best Regards,
Mrs Stella Ugochukwu
Human Resource Department,
Dept: ADM/017

Is this a Fake Job invite?

Congratulations!!!

After reviewing your application, we were impressed by your skills and experience.
We're therefore pleased to invite you for an assessment/Chat with us.

The conversation is typically tailored to give us the opportunity to get to know you, your interests, skill set and experience. It will also give you a glimpse into who we are, what we do and what our goals are.

*Kindly note that you're expected to be corporately dressed with a proper means of identification.*

Company name: Rite Synergy Koncept

Date: Monday February 3rd, 2025.

Time: 9:00am Prompt.

Venue: Flat 168 Iju road, Fagba Bus-stop; beside Providence Heights School, Agege Lagos.

Mode: Physical

N.B: Kindly Acknowledge this mail to confirm your availability.

Thank you.

Disclaimer: We're an outsourcing agency recruiting for a clientele. Only the selected candidates would be undergoing an intensive training after the assessment and should be ready to resume immediately.

For Enquiries; +2349021477834(calls Only), synergysolutions276@gmail.com

Best Regards,
Mrs Stella Ugochukwu
Human Resource Department,
Dept: ADM/019

Is this a Fake Job invite?