Streetinvestor2:
If they try it.That will be the first and only AGM I will attend. They will know that madman no be till you wear tear cloth

emmanuelewumi:
Waiting for the take of TA people on the markets direction for the next 6 to 8 months

janga:


The true about Technical Analysis is that it’s mostly used for entry & exist price in market and it’s also use for short term trades. so anyone trying to give 8 months direction of market using TA is just based on assumption

pluto09:


Is it not possible for TA people to talk and analyze without the word "if"?

janga:


The true about Technical Analysis is that it’s mostly used for entry & exist price in market and it’s also use for short term trades. so anyone trying to give 8 months direction of market using TA is just based on assumption

janga:


The true about Technical Analysis is that it’s mostly used for entry & exist price in market and it’s also use for short term trades. so anyone trying to give 8 months direction of market using TA is just based on assumption

Streetinvestor2:
If they try it.That will be the first and only AGM I will attend. They will know that madman no be till you wear tear cloth

ositadima1:


Wrong! Have you not heard of the concept of time frames and the fractal nature of the markets? As long as you can vary time frames, you can use TA. Candlesticks can be adjusted to represent minutes, hours, days, weeks, months, years, or even decades. Then, you can apply your TA tools.

naturalflow:
Intbrew with 26billion shares!it has more shares than the postal boy(nb) and guineas combine and also in losses upon losses for 5years.it will take something like what we are about to see in fbnh for it to move.

Mankindman:
Here is the letter I just sent to the Board Members of INTBREW today.
international.breweries@ng.ab-inbev.com

The Chairman, HRM. Igwe Nnaemeka A. Achebe
The Board Members
Richard Rivett-Carnac
Andrew Whiting
Ms Abiye Tobin-West
Mr Michael Ajukwu
HRM. Igwe Peter Anugwu
Mr Olugbenga Awomolo
Mr Sunday Akintoye Omole
Olutoyin Odulate
Muyiwa Awojimi
The Managing Director/s
International Breweries plc
Dear All,
I hope this letter finds you in good health and high spirits. I am writing to express my deep concern regarding the significant challenges that International Breweries has faced over the past five years, including consecutive net loses, an excessive cost of sales, and a continuous decline in market capitalisation
Firstly, it is disheartening to note the sustained net loses that International Breweries has encountered over the past five years (2018 to 2022).
As a concerned stakeholder with some million units which I have been averaging down the cost price from 2018 till date, I understand the difficulties and complexities of the market; however, such a prolonged period of negative financial performance raises serious questions about the company's overall strategic direction, financial management, and the effectiveness of its operational processes.
Furthermore, the humongous cost of sales is alarming and requires immediate attention.It is unexplainable and unacceptable how a company made revenue of N54.3B and spent N44.7B as cost of sales in unaudited 1st quarter 2023 report. No profitable company with minority shareholders interest does that and still remains in business. This is almost the highest among all the listed companies in NGX and a gross contradiction to your vision of responsible long-term performance and compounding growth model.
The escalating expenses associated with production, distribution, and marketing have likely contributed significantly to the company's financial struggles and this will negate your commitment to shareholders value. It is essential to thoroughly evaluate and optimise the cost structure to ensure sustainable profitability and improved financial results, otherwise I see INTBREW as a going concern that may eventually be delisted from the exchange and deeply hurt faithful and steadfast minority Nigerian shareholders who invested their life savings, sweat and blood in this promising but unrewarding company. There is nothing to celebrate in 5 years full financial statement (2018 to 2022).
The management are becoming a specialist in fabrication of yearly excuses that ranges from Forex difficult, high cost of manufacturing, Covid pandemic, High cost of finance and impairment, low consumer purchasing power as a result of inflation and high excise is already hinted for full 2023 financial report.

https://africanfinancials.com/international-breweries-plc-unaudited-condensed-financial-statement-analysis-a-look-at-q12023-interim-report/

https://businessday.ng/companies/article/international-breweries-loss-narrows-to-lowest-in-five-years/

Equally troubling is the dwindling market capitalisation of International Breweries. A decline in market capitalisation adversely affects the confidence of investors, stakeholders, and the general market sentiment towards the company. It is crucial to proactively address the factors that have contributed to this decline and develop a comprehensive plan to regain market confidence, stabilise the company's valuation, and ultimately create value for shareholders.

In light of these concerns, I would like to propose a few suggestions that may help alleviate the current challenges faced by International Breweries:

Conduct a comprehensive review and analysis of the company's strategic direction, operational processes, and financial management practices to identify areas for improvement and develop an effective turnaround plan.
Implement stringent cost-control measures to address the excessive cost of sales, identify cost-saving opportunities, and optimise operational efficiency throughout the value chain.

Strengthen the company's marketing and sales efforts to revitalise brand positioning, expand market reach, and drive revenue growth.

Enhance communication and transparency with shareholders and other stakeholders by providing regular updates on the progress made towards resolving the financial challenges, and sharing a clear roadmap for future growth and profitability.
Consider exploring potential partnerships, alliances, or strategic acquisitions that can help diversify the product portfolio, expand market presence, and drive revenue generation. I am of the believe that this should not be difficult to achieve, your products is doing well on the streets and compete favourably with the products of rival companies.

It is my sincere hope that these suggestions will contribute to the successful turnaround of International Breweries, and restore its position as a leading player in the industry. I firmly believe that with a proactive approach, effective management, and a commitment to progressive "Excellence", the company can overcome its current obstacles and regain its financial strength.

I kindly request you to consider the points raised in this letter and take appropriate action to address the issues that have been highlighted. As a stakeholder and supporter of International Breweries, I am eager to see the company emerge from this challenging period and achieve long-term sustainable success and give a lasting smile 😀😁😁😊☺️😀😀😁 on minority shareholders.
Thanks in anticipation of your attention to this matter. I would appreciate the opportunity to discuss these concerns further via email and offer any assistance or insights that may be helpful in the company's recovery efforts.
Yours sincerely,
Mankindman

BullBearMkt:
Hello everyone!

The weekly report for NSE ASI activities for week ending July 7, 2023 is ready
Kindly find the link to the report below:

link: ==> https://drive.google.com/file/d/1kko1975C8w1uGPtUn_4zBu85CkUxQil5/view?usp=sharing

I hope it's working well!

Thanks boss

BullBearMkt:

...where one person knowledge reaches its boundary, is the starting point for another's.

Deadlytruth:
But time frames aren't used in isolation. It is a combination of it with some other indicators. I might be wrong anyway.

Mpeace:
First bank on full bid. We may see first bank over take zenith and gtco.

yMcy56:
FIRST BANK
On full bid @22.30......
Bids increasing......

* Crutial meeting held on Sunday by the directors to plot how to respond to Otudeko's re-entry ...

https://businessday.ng/news/article/first-banks-biggest-single-day-trade-sparks-rumours-of-otudeko-return/

Mpeace:
Someone just burst the full bid. There are now offers

Mpeace:
Someone just burst the full bid. There are now offers

yMcy56:
FIRST BANK
On full bid @22.30......
Bids increasing......

* Crutial meeting held on Sunday by the directors to plot how to respond to Otudeko's re-entry ...

https://businessday.ng/news/article/first-banks-biggest-single-day-trade-sparks-rumours-of-otudeko-return/

ositadima1:


Wrong! Have you not heard of the concept of time frames and the fractal nature of the markets? As long as you can vary time frames, you can use TA. Candlesticks can be adjusted to represent minutes, hours, days, weeks, months, years, or even decades. Then, you can apply your TA tools.

Princkez:
The guy we advised to hold till after dividend payment will be celebrating by now

yMcy56:

Are we looking at different offers/bids?
Cos as at now, it's still on full bid....

In another news, TRANSCORP is on full bid @4.54!
ACCESS @19.25!
UBA @15.60!
ETERNA @31.20 full bid....

FIRST BANK as at now: