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Messrs. David Tomlinson, Carlos Coutino, and Cherian Kurien have their work cut out for them. Recently appointed as Finance Director, Managing Director, and Non-Executive Director, respectively, they face the daunting task of reversing the fortunes of one of the most notable value destructors on the NGX. They are tasked with helping Nigeria’s second-largest brewer, International …
Continue reading ” AB InBev’s International Breweries has been a value destructor”
The CEO of Nigerian Breweries, Hans Essaadi has lamented that Nigerian consumers of its Goldberg brand can no longer afford its product- Goldberg lamenting the effect of skyrocketing inflation on the company’s financial performance resulting in a loss of N106 billion in 2023 He said this while speaking to investors on the company’s financial resulted …
Shareholders of Cadbury Nigeria Plc have approved the conversion of an outstanding intercompany loan totaling $7.718 million (₦7,036 billion) owed by the company to Cadbury Schweppes Overseas Limited. This strategic initiative, whether prompted by Cadbury Nigeria’s challenges in procuring foreign currency for repayment or aimed at rebalancing the capital structure to bolster the balance sheet …
Continue reading “Cadbury Intercompany Loan Conversion – Capital Rebalancing or FX Response?”
https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-3735192167361340&output=html&h=250&slotname=8024534568&adk=2880566378&adf=1794609338&pi=t.ma~as.8024534568&w=300&lmt=1707977305&format=300×250&url=https%3A%2F%2Fnairametrics.com%2F2024%2F02%2F14%2Fcadbury-nigeria-shareholders-approve-conversion-of-intercompany-loan-of-7-718-million-into-equity%2F&wgl=1&dt=1707977304175&bpp=5&bdt=7517&idt=1509&shv=r20240213&mjsv=m202402070101&ptt=9&saldr=aa&abxe=1&cookie=ID%3D78c5435a27d2b198%3AT%3D1706746854%3ART%3D1707978539%3AS%3DALNI_MaCdX22vXATZ2t5JwVEmpydB-wjWA&gpic=UID%3D00000d4db8c6848f%3AT%3D1706746854%3ART%3D1707978539%3AS%3DALNI_MZc7DOhFPhDwYnHHm7zGJD1gf727Q&eo_id_str=ID%3Decae2d993ac36a8c%3AT%3D1706746854%3ART%3D1707978539%3AS%3DAA-AfjaUzqMff3P8qrqx9TzI58hz&prev_fmts=0x0&nras=1&correlator=6363846546990&frm=20&pv=1&ga_vid=733453400.1706708259&ga_sid=1707976550&ga_hid=1782020344&ga_fc=1&u_tz=60&u_his=3&u_h=512&u_w=911&u_ah=485&u_aw=911&u_cd=24&u_sd=1.5&adx=100&ady=1030&biw=899&bih=417&scr_x=0&scr_y=379&eid=44759876%2C44759927%2C44808397%2C42531706%2C95322434%2C95323740%2C95325066%2C95323760%2C95320870%2C95324155%2C95324160&oid=2&pvsid=2261185341149873&tmod=1505238963&nvt=1&ref=https%3A%2F%2Fnairametrics.com%2F&fc=1920&brdim=-5%2C-5%2C-5%2C-5%2C911%2C0%2C921%2C496%2C911%2C417&vis=1&rsz=%7Co%7CeEbr%7C&abl=NS&pfx=0&fu=0&bc=31&bz=1.01&ifi=2&uci=a!2&btvi=1&fsb=1&dtd=1533 Shareholders of Cadbury Nigeria Plc has approved that the conversion of an outstanding intercompany loan of $7.718 million (₦7,036 billion) owed by the Company to Cadbury Schweppes Overseas Limited be converted into equity. According to the company’s notice to the Nigerian Exchange Limited seen by Nairametrics, the approval was given as part of resolution …
The Nigerian Breweries PLC has issued a “Price Review Notification” to all its direct customers in the West Zone. This was contained in a letter issued to customers on Monday, February 12, 2024, and seen by Nairametrics. According to the statement, the price adjustments, effective from Monday, February 19, 2024, is deemed necessary to offset …
Continue reading “Nigerian Breweries announces price hike amid rising production costs “
Many banks’ stocks have not slowed their rally since the Central Bank of Nigeria (CBN) imposed stringent limits on their Net Open Position (NOP) regarding foreign currency exposures, both on and off the balance sheet. Tracking Tier-1 and Tier-2 banks stocks performance shows they are not losing steam yet despite concerns that the new regulatory …
Continue reading “Bank stocks defy concerns over foreign currency exposures”
This is to notify that the Board of Directors of Access Holdings Plc met on Tuesday, January 30, 2024 and considered and approved the Group’s Audited Consolidated & Separate Financial Statements for the year ended December 31, 2023, and payment of a final dividend, subject to the approval of the Central Bank of Nigeria. The …
Pursuant to the post-listing requirements of the Nigerian Exchange Limited for quoted companies, Guaranty Trust Holding Company Plc hereby informs that the Board of Directors of the Company at the meeting which held on Tuesday, January 30, 2024, considered and approved the Audited Financial Statements for the year ended December 31, 2023. Further to the …
As Fear is now allayed on the speculation that the position would go to Obafemi Otudeko ,the largest single shareholder First Bank of Nigeria Holdings has announced Olufemi Otedola as the new Chairman of its Board of Directors .The announcement was made after its meeting held on the 31st of January, 2024The announcement beats the …
Continue reading “Breaking :Olufemi Otedola Appointed New Chairman of FBNH’s Board”
Finding value is the new global investor’s gold rush as equity hunters become more concerned about underlying corporate earnings than just riding price bubbles. Global equity markets were high on energy juice in 2023 as the US Dow Jones rose 13.7% and the tech-heavy Nasdaq climbed 43.4%. In Europe, the German DAX glided up by …
Continue reading “The Rise of the Value Investor: The Femi Otedola Twinkle Effect”
