₦airaland Forum

Great insight. Thank you

OakPearl:
I have a palm plantation.
I can tell from the report that a major booster of the revenue in 2024 was the absence of FFB sales.
FFB - Fresh Fruit Bunch was sold in 2023 but in 2024, all the harvested FFB were refined. It is more lucrative to refine your FFB as you get two major by products in CPO and PKO which are international commodities.
As long as they keep producing and expanding the farms, you can be sure of continuous increased revenue apart from occasional price increases.
When you then factor in the fact that they have now found a way to access the global palm oil market (valued at $72 billion and projected to grow to around $121 billion in 2034), through the Ghana acquisition, greater market share is bound to be captured in forex.

OakPearl:
I have a palm plantation.
I can tell from the report that a major booster of the revenue in 2024 was the absence of FFB sales.
FFB - Fresh Fruit Bunch was sold in 2023 but in 2024, all the harvested FFB were refined. It is more lucrative to refine your FFB as you get two major by products in CPO and PKO which are international commodities.
As long as they keep producing and expanding the farms, you can be sure of continuous increased revenue apart from occasional price increases.
When you then factor in the fact that they have now found a way to access the global palm oil market (valued at $72 billion and projected to grow to around $121 billion in 2034), through the Ghana acquisition, greater market share is bound to be captured in forex.

Thanks.i have never looked beyond palm oil in all my considerations in that business. It is true the kanel oil is big money too.

Im hoping to get on their Investors call this year.
I think outside of the Ghana plant which has rubber that is being produced. I hear they have their own rubber plantation in Nigeria here which I think are yet to mature. Im trying to find more information. Thats another potential source of FX for them

OakPearl:
I have a palm plantation.
I can tell from the report that a major booster of the revenue in 2024 was the absence of FFB sales.
FFB - Fresh Fruit Bunch was sold in 2023 but in 2024, all the harvested FFB were refined. It is more lucrative to refine your FFB as you get two major by products in CPO and PKO which are international commodities.
As long as they keep producing and expanding the farms, you can be sure of continuous increased revenue apart from occasional price increases.
When you then factor in the fact that they have now found a way to access the global palm oil market (valued at $72 billion and projected to grow to around $121 billion in 2034), through the Ghana acquisition, greater market share is bound to be captured in forex.

OakPearl:
I have a palm plantation.
I can tell from the report that a major booster of the revenue in 2024 was the absence of FFB sales.
FFB - Fresh Fruit Bunch was sold in 2023 but in 2024, all the harvested FFB were refined. It is more lucrative to refine your FFB as you get two major by products in CPO and PKO which are international commodities.
As long as they keep producing and expanding the farms, you can be sure of continuous increased revenue apart from occasional price increases.
When you then factor in the fact that they have now found a way to access the global palm oil market (valued at $72 billion and projected to grow to around $121 billion in 2034), through the Ghana acquisition, greater market share is bound to be captured in forex.

#EllahmyEllah

SonofElElyonRet:
#EllahmyEllah

OKITIPUPA OIL is trading @#70 .....ELLAHLAKES

Princkez:
OKITIPUPA OIL is trading @#70 .....ELLAHLAKES

Ellah the future

KarlTom:
C'mon man!

This is almost 2years ago...

If you say so.

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

No

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.

The anti Gamble brigade will love this story. Also the Ewumi School of Multiple Streams.

https://www.zikoko.com/money/how-to-prepare-for-retirement-in-nigeria/

I’m so pained. It’s very tightly held. I saw it at N22 but no single offer on the market and you know with NASD doesn’t take much to move the price to +10%.
I don’t think the results are good enough to justify that price and I know they want to relist on NGX

Princkez:
OKITIPUPA OIL is trading @#70 .....ELLAHLAKES

Princkez:
OKITIPUPA OIL is trading @#70 .....ELLAHLAKES

How did they get to there without selling to anyone? 😔

essentialone:
Yeah. Evans Medical is dead and buried permanently.

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

Sunrisepebble:
Im hoping to get on their Investors call this year.
I think outside of the Ghana plant which has rubber that is being produced. I hear they have their own rubber plantation in Nigeria here which I think are yet to mature. Im trying to find more information. Thats another potential source of FX for them

The CFO had a question and answer session with journalists last week it is on YouTube.

You can Google it

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

Go to the evil forest.

Can anyone confrm credit of Zenith RI and PO shares to their CSCS?

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.

Emndy:
Can anyone confrm credit of Zenith RI and PO shares to their CSCS?

I can confirm, although they credited it to the wrong broker. I have no intention of ever selling, so I won’t bother myself trying to move it.

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

Emndy:
Can anyone confrm credit of Zenith RI and PO shares to their CSCS?

Yet to get mine

Elder emmanuelewumi

Please what's your opinion on the following stocks?

UACN
GUINNESS
UNILEVER

For mid and long term.

Please when did they credit your Zenith shares

Youngzedd:
Elder emmanuelewumi

Please what's your opinion on the following stocks?

UACN
GUINNESS
UNILEVER

For mid and long term.

CAUTION BY ESSENTIALONE

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

Trade Guinness Plc cautiously

I don’t think Tolaram wants to acquire the whole company. I don’t think people will agree to sell to them at anything less than N100 either.

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

Trade Guinness Plc cautiously

essentialone:
Go to the evil forest.

Na dat one I no fit do.

Make the money carry all my evils enter the evil forest permanently.

Sunrisepebble:
I don’t think Tolaram wants to acquire the whole company. I don’t think people will agree to sell to them at anything less than N100 either.

Maybe.

Ding

Ding !!!

emmanuelewumi:
Yet to get mine

You participated in the RI/PO.what happened.I thought it is not your thing

2mn bid depth for Presco. Na wa

If you no see palm oil buy go buy oando. That means you are in the business for long time.Oando will still deliver this yr and beyond. It will be in wale best interest and TPain interest

Streetinvestor2:
If you no see palm oil buy go buy oando. That means you are in the business for long time.Oando will still deliver this yr and beyond. It will be in wale best interest and TPain interest

I pray Oando do a 10% drop today so that I can load. Wale can't drag his uncle's name to the mud.

I can gamble on that. Just the share redistribution is enough profit already even if stock prices doesn't nudge.