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Ojeysky's Posts

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Autos / Re: Clean Tokunbo 2012 Infiniti G37 by ojeysky(m): 11:19pm On Feb 22
Still here
Autos / Re: Clean Toks Sienna Limited 2011 12.9m by ojeysky(m): 11:19pm On Feb 22
Buy now
Autos / Re: Very Clean Toks Sienna XLE 2010 by ojeysky(m): 11:17pm On Feb 22
Buy now
Autos / Re: Toks 2014 Tundra 4wd New Arrival Selling Cheap by ojeysky(m): 11:17pm On Feb 22
Still here
Autos / Re: Clean Toks accident free Benz Metris 2018! by ojeysky(m): 6:38am On Feb 21
Still available
Autos / Re: Very Clean Toks MDX Technology 2016 Enroute by ojeysky(m): 6:37am On Feb 21
Still available
Autos / Re: Toks 2013 Benz S550 Urgent Sale! by ojeysky(m): 10:24pm On Feb 20
Buy now at great price
Autos / Re: Clean Tokunbo 2012 Infiniti G37 by ojeysky(m): 10:24pm On Feb 20
Buy now
Autos / Re: Toks 2014 Tundra 4wd New Arrival Selling Cheap by ojeysky(m): 10:19pm On Feb 20
Buy now
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 7:10pm On Feb 19
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/

Wait o does this not signal heavy dilution?? O'boy

1 Like

Autos / Re: Clean Toks Highlander Limited 2010 sold!!! by ojeysky(m): 10:06am On Feb 17
Still available
Technology Market / Re: **PHONE SWAP CENTRE**SWAP IT NOW!!! pin:265DA560 or 08033923897 by ojeysky(m): 8:21am On Feb 16
Neatly used Mi 9t pro 6GB ram 128GB storage available for sale. I also have a replacement screen(with frame) of 9t pro available for sale.

Phone: 120k
New Complete replacement Screen (with frame): 75k
Location: Ado-Ekiti but can be delivered to your preferred state

Autos / Re: Total Cost Of Clearing A Vehicle In Nigeria by ojeysky(m): 6:32am On Feb 16
Torniex:


What are you saying?. Is this my first time of importing cars? They don’t remove batteries rather they isolate it.
I had a reliable clearing agent I just wanted to give him a trial. The Accord, one of the cars he cleared, was a non-runner and the battery was intact. He can attest to it. He decided to carry the one that can fetch him more money. 👇this one was classified as forklift due the impact at the front, although it’s actually Run and drive. The battery and other things are intact. Good job by the clearing agent.

Okay good to know, I have experienced it more than once when battery of forklift/non runner are not in the car..they are easier to pick off as they are already isolated. Yes it can be taken by agent but more often it's taken by someone else. For avoidance of doubt I am not exonerating your agent on this particular matter am just speaking generally.

2 Likes

Autos / Re: Total Cost Of Clearing A Vehicle In Nigeria by ojeysky(m): 8:30pm On Feb 15
It's not abnormal for a imported car to have a missing battery especially if the car is non runner or forklift, they will remove the battery from the terminal in USA.

2 Likes 1 Share

Autos / Re: Very Clean Toks Sienna XLE 2010 by ojeysky(m): 8:24pm On Feb 15
Price is firm
Autos / Re: Clean Toks Sienna Limited 2011 12.9m by ojeysky(m): 8:22pm On Feb 15
Still here
Autos / Re: Clean Toks accident free Benz Metris 2018! by ojeysky(m): 8:20pm On Feb 15
Available
Autos / Re: Total Cost Of Clearing A Vehicle In Nigeria by ojeysky(m): 3:41am On Feb 15
@oliverjiad you should really provide your own side of the story as this is a serious matter. Anyway let's put that incoming transaction with you on hold till further notice
Autos / Re: Toks 2014 Tundra 4wd New Arrival Selling Cheap by ojeysky(m): 7:32am On Feb 13
Still available for sale
Autos / Re: N1,200,000 or Less Tokunbo Cars by ojeysky(m): 5:33pm On Feb 11
ojeysky:


It was 1.4m to naija but at that time clearing was around 600k or less, FX was less than 500 to a USD. So 2m will do that 07 MDX then while about 3m to 4m should do for 2010. However now clearing alone is 3m+ with exchange rate 1k. The rest is mathematics

I wrote this in September, clearing of same car now is 6m+ and someone will still say e lo fokan bale

2 Likes

Satellite TV Technology / Re: Solar Energy, A Complement To FTA by ojeysky(m): 12:08pm On Feb 10
280ah new Eve cells available for sale in 16 units @145k each

Autos / Re: Very Clean Toks MDX Technology 2016 by ojeysky(m): 5:18am On Feb 10
Buy now
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by ojeysky(m): 7:00pm On Feb 07
Juror:

Which BMS is this?

Ant BMS the older version
Autos / Re: Distress sale -Toks Mini Cooper Countryman Sport 2013 sold by ojeysky(m): 6:11am On Feb 07
Still available
Autos / Re: Very Clean Toks Sienna XLE 2010 by ojeysky(m): 6:10am On Feb 07
Still available
Phones / Re: Oneplus Thread by ojeysky(m): 6:09am On Feb 07
noobody:
100% mint oneplus 10T,8gb/128gb single SIM,updated to android 14.comes with box,tempered glass,and cases.
350k
Contacts on signature

Cheers.

Wish it was dual SIM, 16gb ram anyone with that spec could quote me. 10 pro, 10T or 11
Autos / Re: Clean Toks accident free Benz Metris 2018! by ojeysky(m): 10:25pm On Feb 06
Still here
Autos / Re: Clean Toks Highlander Limited 2010 sold!!! by ojeysky(m): 10:24pm On Feb 06
Still here
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by ojeysky(m): 10:28pm On Feb 05
3 years+ on this one and still counting. Performance still great.

3 Likes

Phones / Re: Oneplus Thread by ojeysky(m): 9:56pm On Feb 05
Anyone with the 11 or 10 pro with 256GB storage minimum and dual SIM for sale share info here
Autos / Re: Clean Tokunbo 2012 Infiniti G37 by ojeysky(m): 6:22pm On Feb 05
Still here
Autos / Re: Ford Escape 2016 Full Option 12.5m by ojeysky(m): 6:21pm On Feb 05
Still here

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