₦airaland Forum

Tareq1105:
Why would Obi leave money? Are there no projects to spend the money on? Or doesn't he know that the bridge you do for #10m today wouldn't be the same cost after a month?

First he left a huge part of that money in dollars , which in itself is an investment, but you wouldn't understand that because you're not Igbo . ( Read again )

Secondly he wasn't owing the civil savants .

3rdly Government is progressive, and you save for rainy days , well you wouldn't understand that too cuz you hated OBJ and GEJ and love the ones who rendered our foreign reserve empty

richmond500:
Well Soludo is now a governor.

But is it true that Obi's only investment was beer?

And 103 people of low sorry very low IQ liked this .

So if you're papa choose to build a paradise home that would still be taken millons to maintain, when he has the opportunity to invest in these brands ,
Hero lager beer
Trophy beer
Trophy stout
Budweiser
Castle lite
Grand malt
Beta malt and
Flying fish

You would be clapping for him .


Well you and the 103 smart men might be happy about the former .
Definitely because you're not Igbo .

NB : read the last paragraph again

AntiWailer:
Even Onbiano does not have anyting good to say about him..

If you want to make people laugh in Onitsha, just talk about Obiano .
Man was not happy obi meantioned the amount he left for him and where the money was .
And in all he has been saying, he is yet to say Obi didn't leave the money he said he did .
Obiano is actually a drunkard and here in Onitsha we don't count him .

The only Anambra governor that was picked buy EFCC after hand over , as he was running out of the country.

Yusufisraelj:
Seems you sabi that region well. I served there.

I am born and brought up in ANAMBRA state .
I live in Onitsha, my Uncle is a chieftain of Apga .
We know wehting dey vex Soludo

Hero bear , which is actually what is been drank in the entire east and a large part of South South , star and the rest has lost the eastern market since it came onboard.
The company also produces Trophy lagers , Budweiser and Castle lite
They also has other brands like Beta malt, grand malt and flying fish .

And somebody who is a Professor of economics and his fellow let finish obi group is calling it useless.

Everything is not politics

Lifestone:
I only responded to the half-education you are dishing out to people.
Soludo has people paid to explain his policies to Anambra people.
Hope you can see why I won't answer the last paragraph. It's not my call.

You can't answer because you know the truth, but you people are on a campaign to finish opposition.

Anywhere obi did wrong I would say it how it is , but on this one Soludo sounds like he wasn't reasoning like the Economics he is .
Or maybe he has gone mad hating obi's popularity

yemre:
Abeg, what's the name of the brewery and what beer does it produce as of today. Let us do a proper analysis to see if it's worth the hype and we can further help them magnify the good work.

Hero bear , which is actually what is been drank in the entire east and a large part of South South , star and the rest has lost the eastern market since it came onboard.
The company also produces Trophy lagers , Budweiser and Castle lite
They also has other brands like Beta malt, grand malt and flying fish .

And somebody who is a Professor of economics is and his fellow let finish obi group is calling it useless.

Everything is not politics

[quote author=Manchi25 post=135302954]Some of you guys are just too bitter that you create imaginary enemies everywhere. The gov did not mention any name. He only stated the truth. The last time a president came to commission a project there was a beer factory. When you package a lie, you will always be hunted by the truth [/quote
]

So in your sound mind , a paradise state house adds more value to the economy of a state than a manufacturing company.

Nawaoo

gidgiddy:
In a country where politicians are stealing money left-right-centre and stashing the money in Switz accounts, some people are actually insulting Obi for investing government money in a Brewery that has created hundreds of jobs for Anambra people and is generating millions in revenue

No be juju be that?

A particular statistics shows that Nigeria has the lowest IQ among nations.

You could see it on Nairaland

Lifestone:
I could see how you are struggling to make this write up.
I question all the finance qualifications you have listed, because you assumed that the money invested came at zero costs.
The value of $9million today is N13.5 billion, compare this to today's value of the shares left.
Sometimes it's best to keep quiet

First I didn't make the write up , I don't own it .

Secondly the analysis shows my state could make huge profit should we decide to sale our share as at the time this arguments began .
I hope you read to the end before trying to play half smart .
And by the way , what are the economical value of a paradise state house .

NB: I hope you answer the last paragraph

Everybody from ANAMBRA state knows why Soludo is mad .
He was expected to succeed Obi , but for fairness and equity, Obi chused Obiano from ANAMBRA west , a side that has never produced a governor

Everybody from ANAMBRA state knows why Soludo is mad .
He was expected to succeed Obi , but for fairness and equity, Obi chused Obiano from ANAMBRA west , a side that has never produced a governor

And to think that one is a Professor.
While the other is a Trader , is heartbreaking.

I will still vote for Soludo to continue, cuz we can't let APC or PDP enter our state , since labour ain't ready to take what they could take if they're serious about it .

APGA has not been a bad choice


But Soludo should know that there's no way our people will ever love him more than Obi .
We still love Ngige more than Soludo .

The only person we would choose him over is Obiano the drunkard

I'm from ANAMBRA state and I live in Onitsha.
I have two friends who are working with the malt brand and I can confirm that the pay is good , plus the company keep rising pay .

Hero alone has been feeding a lot of people, both the factory workers and the field workers .
Even entertainers are making money from the company on daily basis .
I am also a music Artist, I have performed twice on there brand shows .
Many musicians in the East has been earning from the brand .
Kolaboy
Jariq
Sparkle Tee ( Hostel Dot com . cruna )
Agureo Banks
DJs etc .

It's madness to compare the value of a manufacturing company on the masses to a government house 🏠 that adds no value.
Instead would take from the state purse to maintain

PETER OBI’S EQUITIES INVESTMENT IN INTERNATIONAL BREWERIES PLC: SEPARATING THE TRUTH FROM FALSEHOOD
Japheth Jev
Japheth Jev
AI + Finance Researcher
Published Nov 16, 2022
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The media in Nigeria has been inundated with comments made by professor Charles Soludo, an economist and the governor of Anambra state over the investment that Peter Obi made in the equities/shares of International Breweries Plc. Prof Charles’ comment has generated mixed arguments as some Nigerians have pushed back against it, while others considered it a leverage to intensify their de-marketing effort against Mr Peter Obi.

This piece is set out to bring clarity about the nature of this investment and to prove the validity or otherwise of professor Soludo’s comment.

As an economist, a chartered accountant, and a British trained finance expert, I feel compelled to address any form of disinformation created by politicians for the purpose of deliberately misleading Nigerian voters who have suffered under the yoke of gruesome bad governance in the country, especially when such disinformation relates to economy and investment. Because I believe that the good people of Nigeria should be given adequate information about ALL presidential candidates to enable them make the right decision about who will lead them as president.

ABOUT THE COMPANY- INTERNATIONAL BREWERIES PLC

International Breweries Plc is a public liability company that is listed on Nigeria Stock Exchange. This means that its shares are open to anyone who wishes to become a shareholder or part owner of the company to buy its shares and join its membership. The company products are beers and non-alcohol such as Hero Larger, Castle, Grand malt, and Beta malt.

The major investors/shareholders in this company are AB InBev- the biggest brewing multinational company in the whole World. AB InBev holds 75% of the equities in this company.

INTERNATIONAL BREWERIES PLC FINANCIAL AND STOCK PERFORMANCE

This company has huge revenue generating capacity as it generated the sales revenue of N182.30b in the financial year 2021. Comparing this to its revenue of N136.79b in 2020, you can see that the company was able to grow its topline revenue by 33.82% over this period. This is certainly an impressive performance. This also indicates that the company has quality products that its customers are willing to pay for. However, the company made a net loss of N17.66b, meaning that the company lost money during this period.



This company has a total market capitalization of N107.45b at the time I was writing this report. Market capitalization means the value of the company at a period of time. So its value today is N107.45b but NOT N0.0 (ZERO Naira) as my colleague prof. Charles and other politicians against Peter have claimed.



The company’s equity price( means one unit of shares that represents ownership in the company) has fluctuated throughout this year moving from N5.49 per share to the highest amount of N8.80 per share, and then dropped down to a low price of N4.05 per share at the time of writing this report (See chart 1 below). This fluctuation is typical of equity investments whose value moves up and down throughout the period that an investor invests and holds it. And this is what represents the investment risk to investors who put their money in this type of assets. However, it is important to state that an investors who holds this type of investment losses their money only when they sell the stock during the period of price decline; they do not loss their money as long as they continue to hold their investment until the market price goes up again.

THE TRUE MARKET VALUE OF ANAMBRA STATE GOVERNMENT INVESTMENT IN INTERNATIONAL BREWERIES PLC

Peter Obi who was the then governor of Anambra state invested the sum of N1.95b (this was worth $9M at exchange rate prebailent, then) in 2012 for a 10% equity ownership in a Beverage company called Intafact Beverages Limited. This company had a brand new brewery in Onitsha. The major shareholder and owners of this company was SAB Miller Breweries, a multinational South African Brewing company. SAB Miller invested USD100M in Intafact Beverages Limited.

Some years later, SAB Miller sold their controlling stake in Intafact Beverages Limited to the global multinational Brewing company- AB InBev. There was a change in ownership of Intafact Beverages Limited and the new owners- AB InBev decided to re-organized ALL their brewing companies in Nigeria under a single company called International Breweries Plc, which was publicly listed on the Nigeria Stock Exchange. This new arrangement and re-organization resulted in a fresh valuation of the investment of Anambra state governments which was valued at the equivalent of 406,321,264 stocks/shares in International Breweries Plc, representing a 1.51% ownership in the company.

To know the true market value of Anambra State Government investment in this company, without sentiment and distortion of facts is simple. Simply take the value of the share price of International Breweries Plc for the day and times it by the number of shares that Anambra State has in the company. For example, the true value of this investment today is : 406,321,264 * N4.05 = N1,645,601,119 = N1.65b. This simple math shows that the true value of Anambra’s investment that Peter made is NOT ZERO as claimed by professor Charles.

I earlier stated that equity investment fluctuates, i.e. changes value by moving up and down. So in the above computation the value of this investment is down and total worth is less than the original capital of N1.95b that Peter invested in this company. If Anambra state decides to sell this investment today, they would lose N304M in this business. But they are not in any loss as long as they continue to hold the investment to the future; rather, they can potentially gain from it.

Finally, let us consider a situation where Anambra could make money from this investment. Looking at the Graph 1 above , you will find that the share price of International Breweries was N8.80 in May this year. At this price, the Total value of this investment was: 406,321,264 * N8.80 = N3,575,627,123 = N3.58b! So, at this point, Anambra investment was actually in a huge profit and could potentially generate a profit of $1.63B to the government and people of Anambra State, had they decided to sell this investment in the month of MAY 2022.

Based on the foregoing analysis, it is clear that professor Charles Soludo and other politicians in Nigeria who are claiming that the value of this investment is ZERO are wrong. It is apparent that they are simply trying to maliciously feed the good people of Nigeria with disinformation, which they think could sway the teaming masses against Peter Obi who is projected to win the presidential election next year.

Japheth Jev, MSc (UK), CIMA(UK), CGMA(US), ACA, writes from Birmingham UK



https://www.facebook.com/share/p/1Bn1HCUzUt/

torqque7:
Just dey play..we know you are an Agbadorain stop lying.

Nwannem abum nwafor Anambra state, from Aguata LGA area.
But oburu na obi joinnia hell rufire , muah personally agahizi ekwenyezi na ya .

Cuz if those set of people help put him in power nothing changes, starting from ministerial nomination list .

We need real change and obi can't make real change with such people on his camp

I'm an Igbo man and one thing I know is if obi turn up with people like your father to campaign we go throw him water .
We're not like the rest of Nigeria.
We don't need power by all means.

I wish it's true .
Buh bat is power hungry , he can't be real .

Fact is good girls can only be free and do things without feeling judged when dy are with bad boys who treat them softly .
I'm currently dating a chosen girl , the entire hood is in shock , everyone is like how .
Babe geh everything no joke .
And with me she isn't ashamed or afraid to show her naughty side .

Sheila of big brother Africa 2010 .

That girl too love Nigerian men .
That's how she kept following UTI Nwachukwu in and out of the show

The op is just saying what he think , after dragging colos .
Let me tell you what helped the Igbos since you're ignorant .
Other tribe give there young people fish and hide the way to the river , so they can be worshiped as the only alhaji in town .
But the Igbos took there young ones in on a daily and show them the way to the river and also teach them how to fish .
House , feed and clothe them for years while they fish for them .
Then settle them with enough net to go fort and catch there own fish .
The young ones , haven grown , will pick the coming generation to show them the way to the river .

This is our story .
It's not sentiment , it's what's on ground

Don't use were you are to judge the rest of Nigeria .
The Military is the Enemy around here .

Some posters above me should know that in the SouthEast the military are feared as angels of death .
They kill young people everyday .

Guilty or not Guilty you're in trouble

Vintage001:
My wife just gave birth to twins.

Congratulations 🎉👏👏👏
I tap that

SpatialKing:
Ndi "South East is no longer safer"

"You are destroying your region"

You all should be ashamed of yourselves

Aswearugad

As an Igbo man from Anambra , my grandparents told me not to continue betting who is already on the ground pleading .

Nigerians abeg make we dy calm down .

Coming

We know

Find a way to make him worry Les about money .
Don't make him feel he is not doing enough , encourage and commend his efforts to provide for the family .
Don't talk about your needs before sex , do it after , if you must .
Help him financially .

United it will end in tears , just like those who believed and voted for the man in Abuja

The problem is the majority of the people whom this message is for can't read it .

The south is been held down by the North

tungamaje:
To me, I would have said this is the best opportunity for the south and middle belt to break the Fulani grip on power. If it is possible the elders of the SMBF should cajole Obi to step down for Tinubu and he picks his VP from the middle belt, That way, they would defeat the north. The northerners zoning their presidential candidate to the south was a calculated move to divide the south and massively vote Atiku meaning they still hold unto power

You're madt , obi will not step down for a dead walking .
Are you alright ?