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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (12103587 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:14pm On Oct 30 |
crownprince2017: I'm very happy for you and my younger brother in this market jjc Happy married life in advance... Please don't act like Marketjjc that couldn't respect one year honeymoon rule |
Re: Nigerian Stock Exchange Market Pick Alerts by GeeKudi: 12:16pm On Oct 30 |
megawealth01: Not yet. It's 550. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:16pm On Oct 30 |
KarlTom: The game is the game... NGX don't seem to have feelings? |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:16pm On Oct 30 |
GeeKudi: I dey wait am for junction until then |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 12:20pm On Oct 30 |
emmanuelewumi:interest is charged to the margin account on the 1st working day of the following month, based on the portion of the loan utilized monthly. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:22pm On Oct 30 |
ARADEL https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf IB https://doclib.ngxgroup.com/Financial_NewsDocs/42495_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:23pm On Oct 30 |
stockish:This is JAIZ https://doclib.ngxgroup.com/Financial_NewsDocs/42477_JAIZ_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf INTERBREW https://doclib.ngxgroup.com/Financial_NewsDocs/42495_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 12:26pm On Oct 30 |
Femi & Alhaji sold their holdings in the companies 100%, but Japaul is an additional investment and the existing owners maintained their stakes. So they are two different transactions emmanuelewumi: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:29pm On Oct 30 |
In the first nine months of 2024, Nestle Nigeria Plc recorded a pre-tax loss of N255.38 billion on the back of significant increase in finance cost. The company in the period saw its pre-tax losses rise by a whopping N198.73 billion when compared to the same period of 2023. This is according to Nestle Nigeria Plc unaudited financial statement for the nine months ending September 30, 2024, published on the NGX where pre-tax losses rose from N56.65 billion in 2023 to N255.38 billion in the current period. This marks an increase of 350% over the one year period. The company also saw its net finance cost increase by 147% from N148.24 billion to N366.22 billion during the period. Key Highlight of the report Revenue- N665.28 billion, +68% Cost of sales- N458.97 billion, +94% Gross profit- N206.31 billion, +29% Marketing and distribution expenses- N73.39 billion, +25% Administrative expenses- N22.54 billion, +132% Operating Profit- N110.84 billion, +21% Finance costs- N369.15 billion, +136% Net Finance cost- N366.22 billion, +147% Pre-tax loss- N255.38 billion, +350% Income tax credit- N71.11 billion, +424% Loss after tax- N184.27 billion, +328% Basic Loss per share- (-N232.47k), -332% Third Quarter performance In the three months between July and September 2024, the company’s revenue grew from N134.82 billion to N258.31 billion. However, a significant increase in the cost of sales as well as net finance cost ensured the company was in the red during the period. Cost of sales in the third quarter of 2024 nearly doubled from N81.98 billion in Q3, 2023 to N179.31 billion. Also, net finance cost in Q3, 2024 soared by over 160% from N18.33 billion in 2023 to N50.62 billion in the period under review. This resulted in an after-tax loss of N7.35 billion from an after -tax profit of N6.91 billion in the Q3, 2024. Commentary: Nestle Nigeria Plc’s significant net finance cost resulted mainly from the translation of foreign currency denominated balances which resulted in a loss of N285.29 billion. In the corresponding year of 2023, the company’s translation of net exchange loss on foreign currency denominated balances stood at N127.45 billion. Furthermore, interest expense on financial liabilities rose by 188% from N29.07 billion between January to September 2023 to N83.86 billion in the first nine months of 2024. In the period under review, Nestle Nigeria’s raw material cost soared by over 100% from N116.83 billion to N251.12 billion. The company spent N108.51 billion on direct overhead cost and N36.22 billion on direct labour costs in the first nine months of the year. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:30pm On Oct 30 |
yMcy56: One of my ANAMBRA project wey just... |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:30pm On Oct 30 |
emmanuelewumi: See real Monkey Hunting. Skilled monkey hunting |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:31pm On Oct 30 |
BabsO2: It is what it is |
Re: Nigerian Stock Exchange Market Pick Alerts by ndept: 12:32pm On Oct 30 |
https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf EPS of 25.45k as against 4.41k 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by designking: 12:34pm On Oct 30 |
ndept:Fantastic... |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:34pm On Oct 30 |
ARADEL IB seems to be turning the corner. All eyes on FY24... KarlTom: |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:34pm On Oct 30 |
BabsO2:Oga Emma is also guilty of what he calls others....lol. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:35pm On Oct 30 |
phadriz: The guy who invested N20 billion, bought at a huge premium. The same thing with those who bought Dangote Flour and Forte oil |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:35pm On Oct 30 |
ndept:Aradel will be very good buy at 300-400 |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:36pm On Oct 30 |
megawealth01: Nah so he MH us with the DANGSUGAR PO that was rated a buy by so so may analyst. But i saw it as a bloated price back then |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:36pm On Oct 30 |
BabsO2: Walahi you sabi this game |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:37pm On Oct 30 |
Mpeace: Will it go less? Time will tell |
Re: Nigerian Stock Exchange Market Pick Alerts by cocolacec(m): 12:37pm On Oct 30 |
Aradel now N495.10. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 12:37pm On Oct 30 |
ndept: Are we looking at the same report? Wondering why they didn't add the FX gain to the EPS Overall result is flat. Seems plenty chopping lines don enter Lol |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:37pm On Oct 30 |
NAHCO is in a class of its own ...... https://doclib.ngxgroup.com/Financial_NewsDocs/42496_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf Why are they punishing ARADEL in Market? I just pity those that picked @850.. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:38pm On Oct 30 |
yMcy56: VAWULENCE is that you? |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:39pm On Oct 30 |
cocolacec: Where are those wanting to buy at below 500 abi una no pursue again? |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:39pm On Oct 30 |
ndept: Nothing fantastic in this, at least they promised to release their results today and there was no postponement 9 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:40pm On Oct 30 |
emmanuelewumi: Unlike the other one ba? |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:41pm On Oct 30 |
Ginalex: That is cool, it operates like an overdraft facility |
Re: Nigerian Stock Exchange Market Pick Alerts by sboga: 12:41pm On Oct 30 |
megawealth01: shildren of bob |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:41pm On Oct 30 |
Re: Nigerian Stock Exchange Market Pick Alerts by mails4funshi(m): 12:42pm On Oct 30 |
For a corporate organisation like MBC securities ltd, would you have expected a negotiation without a legal tussle (Behind the scene negotiation). And would this have happened without taking over the leadership structure of ELLAH Lakes? emmanuelewumi: |
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