Princkez:
TRANSPOWER has traded about 2m units today....

Streetinvestor2:
You don cast them.I know the ones you use.They will be hearing from me concerning thr poor services,lol. For now I will tell them thr commission must not be the highest figure of the bracket allowed. And they should stop coming here to have expo on weekly stock recommendations for thr clients

ositadima1:


You should be grateful that you have me. Do you think it's easy holding opposing views even when you know you'll be hated for them?

A balanced view is one that sees all sides. If you prefer to only see things one way, or just the ways that are appealing to you, that's your choice. Last time I checked, I'm free to bring in my own views as long as I haven't broken the rules of the forum.

Besides, you're free to counter my points (cynicism) with reason or pass.

ggoldmine:
Attacking someone (or ad hominem fallacy) is different from 'opposing someone's views'. What opinions were you opposing, in this case? Learn to differentiate between the two!

ggoldmine:
Attacking someone (or ad hominem fallacy) is different from 'opposing someone's views'. What opinions were you opposing, in this case? Learn to differentiate between the two!
All these Grammer na waste of time.
My gambling in Oando has paid off in fact I now see it as a strategic investment.
I want to move on to another gambling stock.
I want to sell my holdings in flour
Mills and buy Royal exchange.
How far?

Mankind2024:
My view on International Breweries plc.
I'm borrowing a word from the legendary investor, Peter Lynch, who opined that the best way to make money from the stock market is not to get scared out of it. I'm sitting on a 33% paper loss on my investment in IB since 2017/2018, when I bought 10,000 units at N48 per share. I have been averaging down on this value-trapped stock. Reading Peter Lynch's book titled "Invest in What You Know", I resolved not to get scared out of IB, which I strongly believe will soon trade below N3.50 once the unjustifiable rights issue is completed. This is when I would start averaging down again. I am not getting scared out of IB until the company is delisted. My message to the management of this good company with bad management is that they should be ashamed of themselves and resign en masse.
With the look of things, Wale Tinubu might have repented, while the same cannot be said about the clueless managing team of IB plc.

nosa2:


What do you see in international breweries?

Mankind2024:
A value trap entity managed by the greediest individuals in Nigeria's stock listing history. Although the company generates income, the cost of doing so consistently exceeds the revenue. It's a case of 'monkey work, baboon eat,' where the management reaps the benefits while investors bear the burden. Surprisingly, they requested a rights issue in 2024, despite being the least expected to do so. For the past five financial years, investors have been 'slaving' for the management team, with no prioritisation of dividend payments or capital appreciation. This listed company is heading towards potential delisting, and only time will tell.

Mankind2024:
A value trap entity managed by the greediest individuals in Nigeria's stock listing history. Although the company generates income, the cost of doing so consistently exceeds the revenue. It's a case of 'monkey work, baboon eat,' where the management reaps the benefits while investors bear the burden. Surprisingly, they requested a rights issue in 2024, despite being the least expected to do so. For the past five financial years, investors have been 'slaving' for the management team, with no prioritisation of dividend payments or capital appreciation. This listed company is heading towards potential delisting, and only time will tell.

Mankind2024:
My view on International Breweries plc.
I'm borrowing a word from the legendary investor, Peter Lynch, who opined that the best way to make money from the stock market is not to get scared out of it. I'm sitting on a 33% paper loss on my investment in IB since 2017/2018, when I bought 10,000 units at N48 per share. I have been averaging down on this value-trapped stock. Reading Peter Lynch's book titled "Invest in What You Know", I resolved not to get scared out of IB, which I strongly believe will soon trade below N3.50 once the unjustifiable rights issue is completed. This is when I would start averaging down again. I am not getting scared out of IB until the company is delisted. My message to the management of this good company with bad management is that they should be ashamed of themselves and resign en masse.
With the look of things, Wale Tinubu might have repented, while the same cannot be said about the clueless managing team of IB plc.

nosa2:


I think you miss the point of Peter Lynch's book "Invest in what youy know". I believe what he was saying was that you should invest in companies that you see doing well in the real world. So in this case if we were to use this as a metric, you would need to have been seeing an increased consumption of their products in the real world.

Using financial statements (though valid) is not following Peter Lynch's teachings.

Streetinvestor2:
It looks to me RI failed and someone here was saying they already have it covered as per the fund.The management are criminals. A company that almost all thr products are selling like wild fire.They will always use cost of sales to finish the revenue .The majority shareholders should bring out thr money and use it to be declaring lose every year...yeye people

Mankind2024:
I respectfully disagree. This company was thriving in the real world, competing successfully with Nigerian Breweries and Guinness.
Trophy vs Star larger
Trophy vs Guinness lager
Budweiser, castle Light vs Heineken
Hero and Eagle vs Champion larger
Flying fish is now the top pick for milenia ladies.
Trophy stout/Eagle stout has systematically led to reduce patronage of Guinness stout due to competitive price advantage and improve quality.
Grandmalt and Betamalt are no pushover vs Maltina and Malta Guinness
in the premium categories, a streetwise analysis reveals that IB plc's products are certainly not pushovers. However, it appears that the company is attempting to delist IB plc. At the current trend and momentum, I doubt IB plc will remain listed on the exchange for another five years if the current selfish rights issue fails. The reason is that they may resort to excessive and unsustainable borrowing, leading to potential delisting.
A smart team can turnaround the misfortune of IB plc within 2 years regardless of Nigeria economy.

nosa2:


When I asked you why you bought the company you were quoting financials

Mankind2024:
Here is your question
What do you see in international breweries?

I replied you that I see value in a great company with bad managing team.

222Martins:
What makes a great company? Having a good product is not enough, management is key....and money always follow good management. It seems you are emotionally attached to IB. If not, there was enough time for you to cut your losses on the downward journey from N48 to N4..

I will rather back a good management and bad product; as it is easier to pivot your products across industries than to get rid of a bad management that is deeply entrenched/vested in a company just like RTBriscoe.

Mankind2024:
Emotional attachment? No. Investment attachment? Yes. My Break-Even Price (BEP) is N4.94, with a 30.01% paper loss. Take time to read posts on this anonymous forum; it's not necessary to quote every post. Some of you try to gaslight and validate opposing views, but you cannot stop us from sharing our valid perspectives on this platform.
By the way IB was once a good company with good Team that once made many NGX investors Multimillionaire. It was once one of the top performers on NGX.
A bad company today can become even worse tomorrow, and vice versa. The graph below illustrates this point. Investors who sold IB at N60.00 will never forget the lesson of 2018. Life is full of twists and turns. Today, Wale Tinubu is transforming into a hero, and Oando is becoming a gem in my portfolio. However, no one can predict such turns without a crystal ball, which I don't possess. History has shown us that even the unexpected can happen, as seen in the sudden collapse of Lehman Brothers, which caught everyone off guard.
Many investors are trapped in the Breweries subsector, Catching the falling knife which I once posted in this forum.
"Catching the falling 🔪 knive phenomenon"

222Martins:
What makes a great company? Having a good product is not enough, management is key....and money always follow good management. It seems you are emotionally attached to IB. If not, there was enough time for you to cut your losses on the downward journey from N48 to N4..

I will rather back a good management and bad product; as it is easier to pivot your products across industries than to get rid of a bad management that is deeply entrenched/vested in a company.

Streetinvestor2:
Is thr really anything wrong to be emotionally attached to your business or company. Yes I am emotionally attached to some of my company as a shareholder. I am equally emotionally attached to other things.We all can not have the same emotion towards things,lol

Stan2330:

How can one identify bad management before it starts reflecting on share price

Mankind2024:


I'm not emotionally attached to IB plc, but I am financially attached as a shareholder. My investment decisions are based on financial logic, not sentimental ties. While I appreciate the company's products my focus remains on maximising returns on my investment. If the numbers don't add up, I'll make tough decisions to protect my financial interests.
This was the motivation for the 1st post on IB plc today, where I mentioned that I wouldn't be scared off from this great company that is being ruined by bad management that always come to investors every 5 years to raise funds via right issues.

Stan2330:

How can one identify bad management before it starts reflecting on share price

Hedgefunds:


Last year Iemailed AB INBEV no respond . I think the Parent company are in with the fraud.

Raider76:
Myc please how do you see TRANSPOWER in the short to medium term? Shareholding structure not similar to GEREGU. There is the upcoming sale of IPPIS powerplants, and possible settlement of debt to gencos by FGN.

yMcy56:

I was able to check TRANSPOWER's Q1, what I can say is HOLD and be patient.
If you are large and have spare funds, be topping your stakes as it's probably going down.
At current -10% in market, pick some if the fund is there....... medium to long term is looking good.
*Q2 will give more pointer.

PS: If you want figures and breakdown, consult PA Emma, Oga OGG or any of the gurus. Na my own amateur view I just talk.
Happy Sunday!

Cc: @Dilligence

megawealth01:
Nigeria’s Foreign Reserved Reserves Reaches $34.7 Billion

https://punchng.com/nigerias-fx-reserves-hit-34-7bn/?utm_source=telegram&utm_medium=social#google_vignette