₦airaland Forum

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

vibrant40:
Okay. I met this girl in an exam hall, we were both writing exams, so we did the student things, she asked me a maths question which she was kind of afraid of and me being a maths person answered her question and moved on with with my exams. After the exams she search for me to say her gratitude and we moved on. I think after the results was released and she got an A in the exams was when she had to find me and got me on Facebook. She chatted me and introduced herself, so we began chatting from there and that was how I got to know she is my kind of woman.

I asked her out, we started dating or lemme say I started dating her because at a pint she told me we were only friends during the time, be she do come to my side, we do touch and kiss but no s*x. Down the lane I got to know she had a guy whom she was dating but she could not marry because she has so many revelations and dreams that he is not the one and according to her, the guy had so many red flags. At a point I put it to her she should choose what she wanted on time, the guy or myself.


According to her she choose me. Along the line, she told me about another guy disturbing her for romantic relationship, because no matter what she will tell me anything even if she knows I am gonna hurt by that, although I do take it that she is trying to literally tell me to do quick and pop the question if I really want to marry her. All of a sudden I observe she was receiving a Seyi call till like 12midnight, and I would want to call her only for her to be busy on another call for a lengthy period.


She will not stop talking about this guy whenever we are together, how good the guy is to her, she even was like we have the same character but only that the guy is taller than I am and she had also never shy away from talking about the physically height of her dream children.


I saw all these as competition and keep letting her know how much I love and want to marry her. One afternoon, she just rang me and said just a sentence, 'I will marry you'. Well that gave me the assurance I needed, I met her mother (dad is late) and I must confess she has a very good mother, the mom checks on me everyday (infact she did while I was typing this epistle). I popped the questions and she said yes. We had our introduction and currently planing on getting married.


The problem now is, she would still not stop talking about this Seyi guy. She even called me one to tell me she went to his house, that the guy called home to come, I confronted her so many times to tell her how I felt about it, she kept saying sorry and keep repeating the same thing of no cutting loose from the guy, she even claimed that at least she is not having s*x with now that they are just talking..


Some days ago we had a serious argument about this matter and she was like maybe we should even end the relationship if I don't trust her (and this has always been her anthem whenever we have serious arguments, she would say maybe we are not compatible). She later apologized and promised not to let that happen again that she would cut loose of the guy, only for us to be talking via whatsapp last night around 11:40 for to receive this guys call and they spoke for like 10mins. I ended my call, she called back later and was like it was just an innocent talk they had....


Seriously, I am tired and confused, what should I do? Please help me with your candid advice. So sorry for the long epistle and some bad grammar.

Geovanni412:
Thanks for this

chokekachy:
https://www.thecable.ng/extra-i-feel-like-a-tiger-ready-to-devour-nigerias-enemies-says-egbetokun/amp

smalldivk111:
I'm so depressed right now and wish I could die
Have just been diagnosed with an incurable infection herpes

I wish I could just die

ustanley82:
Pls which registrars handles Julius Berger plc

presiade:
I'm not advertising, but reach out to me if you need dollar payments (school fees, SEVIS, purchases, etc.) in the USA in exchange for naira lodgement in a Nigerian bank.

emmanuelewumi:
The main problem with residential tenants, is that most of the new tenants got loans in order to pay for the initial rent, subsequent rent is always a problem.


While the rent is running, instead of them to save up for the next rent they will be paying back the loan used in getting the apartment.


Reason why tenants pay in arrears thereby making rental income erratic.

I prefer the REIT route for real estate investment


Land speculation is like penny stocks, majority will get their hands burnt.

If you must buy a plot of land, make sure you have the cash flow to build on the land within 4 years

Kereokwu:
Property loses value over time but land does not

Pls I want to ask, if a house being occupied by tenants has repair issue especially repairs not caused by tenants who pays for the repairs?

emmanuelewumi:
If you know, you know.


Rental income is overrated as a source of passive income at retirement.

Income is erratic, tenants will owe you, spend money in order to eject tenants, rental income will be used for repairs and maintenance, government will levy you when you renovate the property.

It is damn too lousy


Unfortunately that is the route known by majority of the population

emmanuelewumi:
I booked my loss about 8 years ago or thereabout, sold for between N20 and N24

emmanuelewumi:
Oando does not have shareholders but shellholders, speculators and gamblers

Deejaygold:
PHOTOS: Gbadebo Rhodes-Vivour visits Oba of Lagos

The governorship candidate of the Labour Party in Lagos State, Gbadebo Rhodes-Vivour, has visited the Oba of Lagos, Rilwan Akiolu.

He made this known on his Twitter page on Thursday.

Gbadebo noted that he was accompanied by his father and team to visit and pay respects to the king.

He wrote,



https://twitter.com/GRVlagos/status/1636371615813636102?s=20[/quote]Why did he wear face mask only on his visit to the Oba's palace?

handsomeyitayo:
i was searching through my mail and i found out that i saw someone i don't know send me $550 and i don't have account with world remit ,
but i don't know how the person got my account first bank number and email. i have mailed world remit but they are telling me different thing entirely . do they charge for receiving money from abroad. Any one use World Remit Before please .. i have friends that sent money from USA to me Twice but none of them have told me they sent me money. and that have my first bank account number ....

i don't understand this message i got .

they even said i should confirm my account details and others things..i have not click the link coz i dont know maybe they want to hack my bank account...

this is the email from the scammers:WorldRemit <mail@xmz-productions.org>
reply-to: mail@xmz-productions.org


this is the email from worldremit original site that they reply my mail : Data Privacy <dataprivacy@worldremit.com>

machine606:
Pls, is there I way, formula, or any way of calculate the required amount needed to reinvest in a stock to average at a particular price aside "blind reinvestment" until the desired target is met. For instance, I I used #1000 to buy a share @ 2 per share, but the price fell by 30℅ to 1.40. How much do I need to reinvest to arrive at an average price of #1.40 if this price is unchanged.

Lol. I know say Na mathematics be this.

Fut9ure:
We now see exactly where the problem is in Nigeria
North is really not the problem of Nigeria

But the South west

They are taking advantage of the fact that north and south east are not in good terms due to the war fought in the past to continue romancing the north

That devilish mentality and snake like nature will stop one day
Look at adeboye that led a protest during Jonathan era kept mute
South west got no reason to claim anymore that they are the most educated...this election open their yansh well.

The four major contestants were from the three major tribe
So it means we the South South are the one to choose the most suitable for Nigeria without biased because they are not our brothers
And we chose choose obi but due to tribalism the South west refused and supported a man who is sick mentally and physically...national anthem was going on he wasn't Aware

If you can't handover your daughter or sister for Marriage to a sick old man with dementia not physically and mentally fit. Some one not aware of his environment but still you want to support same man to head 220 million Nigeria at this point of our critical situation then may you and your family know no peace


If you are emotionally attached to your tribe, religion and political leaning to the point that the truth and justice becomes secondary consideration then your education is useless, your exposure is useless. If you cannot reason beyond petty sentiments. You are liability to man kind

Everyone should retweet and save this so that our future kids will know that at some point in the history of Nigeria we were caught in between the Devil( tinubu, atiku) and redemption( obi)
But the South west spoilt dragged us back because of tribalism

Every sane Nigeria should look at this and read a meaning to it
1) Tinubu political party and administration is ruling but he was unable to win Abuja where them sit down put
2) his own state of origin osun. Even a twelve year old will win thier own state yet he was unable to win

3) all development in lagos is attributed to Tinubu and he is regarded as the father of lagos yet he was unable to win

Nigerians should put on thier conscience and see that tinubu was rejected completely by Nigerians

I'm from the South South( Edo to be precise)

abuhusna1:
Geregu is nothing but hype people investing in the owner's name not really the stock cos it didn't make any significant gain last year

yMcy56:
Has Transcorp Power Ltd started generating power? ..,..because I didn't see it in the list of the active Gencos.....and I'm just aware of their successful bids and all that; but that Transcorp is a distribution company so far.

If Transcorp is a Genco, then what's the issue with them?
Could it be that there's the need to separate Transcorp Power from the Transcorp group then?

yMcy56:
GEREGU has delivered over +110%..........

Geregu is a Genco company and can't be compared with Transcorp, which is Discos.
- Can remember someone comparing Transcorp with Geregu, they don't belong to same category.....
It's just like Comparing Seplat with Conoil or MRS.......same Sector but not same category....
That's my understanding of it.

customstreet:
Conoil! Conoil!! Conoil!!!

INVESTMENT ADVICE

CONOIL

1. Current P|E Ratio = 4.02
2. Unaudited EPS = 898k
3. Current price range = 3500k-3800k plus
4. Average 9 years historical divided payout = 78%
5. Expected Dividend yield = 15.50% +
6. Holding period = 3.5 months
7. Target price = N55-N65

Recommendation:

Apply your own Due Diligence

ijustdey:
https://dailypost.ng/2023/02/08/2023-what-well-do-if-thugs-snatch-bvas-inec/

ositadima1:
Oh, how could I forget? The award for most entertaining commentator of the year goes to none other than our very own Mcy56. She's got her own unique style, but I wouldn't classify her as a fundamentalist or technician. She probably studied mass communications in school, or maybe she's just naturally gifted. But one thing's for sure, with her commentary, the market is never boring!

Massiveglory:
It is an act of sheer wickedness, evilness and foolishness to push for a candidate as this after all we been through as a nation in the past almost 8yrs .

Lade18:
Recently met this single lady of one. Been the one footing her bills and sending her daughter (5yrs old) to school. She told me She wouldn't let us have sex until she sees I'm committed and reality love her. Although, that's not the reason I'm talking care of her daughter, I just naturally love to spend for people I care about. Just recently, she's wanting to know how much I give my mom and why I'm the one sending her money when she has a shop and making her money.

Yesterday, she told me I don't love her enough. That, if I can open a shop for my mom , then I can do more for her. But I wasn't the one that opened the shop for her, I just supported her.

Now, we had sex for the first time last month and has been denying me sex since then. Yesterday, she came around and I initiated sex, she denied. She told me if we're ever gonna be together, I should learn how to be a man. In her world, being a man involve me cooking, laundry, take her out, and clean. I told her that's cool. But I don't know what a woman will be doing in a House if she's not working while I'm the one footing her bills. If I ask her this, she would get angry.

My fellow men, why are the requirements for sex getting on the increase these Days? Is that they way it's supposed to be?

BullBearMkt:
...same scenario is common in NASDAQ, NYSE, FTSE100 etc Nigeria stock exchange not an island! What @Phlinx said is actually rubbish.

Phlinx:
Pls be careful how you handle your money. Putting money in the NSE and holding the mentality that you are investing is a big mistake. I am not saying you cannot get ROI make money on your 10m I am simply saying you should not, must not approach NSE thinking you are investing.

If you want to put your money in something and go away for ten years, maybe you can look to NASDAQ and buy shares of a viable technology company this is far better than the NSE. However, this too IS NOT AN INVESTMENT!

jeromestarks:
Many girls in Nigeria are mentally distorted due to heartbreaks and relationship wahala.

Please always let your girlfriends down gently when you're done using them. Don't just breakup anyhow. Take at least two weeks to gradually dish out the breakup so that she won't become a psycho to her next boyfriend.

Thanks for your cooperation.

captaininiobong:
Hy guys, I don't know if you have been in this, my woman that agreed to be the mother of my kids as stated by her recently stopped talking to me, picking my calls because she needed a 3million naira marriage.

I told her please why not we do moderate and use the remaining for investment. She said no. The three million is even small.

When I asked her what will we use the 3million to do, she said to buy furniture for the home. Uptill now she doesn't pick my calls, reply my chat if not that no be God showed her to me I would have deleted her number off my phone but am still keeping it for a reason I don't even know.

We have been together for long, not until a friend of mine got married and I told her they did thier marriage not less than 300k, then she said it's a big lie.

Hadsty23:
Cost of feeds and other issues arising in this country are killing everyone's biz.
Just of recent, flood wiped out every catfish farmer life investment