Category: Napkin Notes
-
Chemical and Allied Products (CAP) delivered stellar results in 2024, amidst what was an extremely challenging year. Management needs to work on making the stock more liquid. Revenue Revenue made during the period was N36.3 billion, 52% higher than the N23.8 billion it generated in 2023. N36.2 billion of revenue (the lion share) was from sales…
-
CWG Plc (Computer Warehouse Group) yesterday released its results for the audited FY 2024. The company hiked its dividend payout by 143%. About the firm CWG was incorporated in Nigeria as a private limited liability company on 1 February 2005 and listed on the Nigerian Stock Exchange on the 15th of November 2013. The Group…
-
Rigmarole An English word, meaning a long complicated process. About the firm National Sports Lottery Limited was incorporated on 03 January 2000, and commenced operations in July 2001 The company was granted in December 2001, exclusive licence to carry out the business of lottery in Nigeria. On the 9th July 2011 the firm was converted…
-
For ease of understanding Transnational Corporation of Nigeria is a conglomerate with subsidiaries operating in the power and hospitality space. The company few days ago released its results for the financial year ended December 2024. FY 2024 numbers Revenue increased by 107%, rising to N408 billion in 2024 from N197 billion in 2023. Profit after…
-
Little little patience is a single released by the rainmaker Majek Fashek Shareholders have been patient for two years running, but that patience could be wearing thin. In an unstable economy like Nigeria, cash is king. For two years running, the firm has been unable to pay a dividend because it has been running on…
-
BUA Cement is one of the 3 cement companies on the NGX. It is also one of the 3 cement companies in Nigeria. It was founded Abdulsamad Rabiu. FY 2024 numbers There was a decent increase in revenue. Full year revenue came in at N876 billion. Up 47.5% from the N459 billion in 2023 At…
-
Dangote Cement had a pretty dull year due to a sharp rise in operating costs, finance costs and thin volume growth. The spike in finance costs were in the African subsidiaries. Group operations Revenue went up from N2.2 trillion in 2023 to N3.5 trillion in 2024 Up 62.1% year on year Operating profit went up…
-
MTN Nigeria, yesterday released its audited numbers for the 2024 financial year. There was decent increase in revenue, but losses worsened. FY 2024 numbers Total revenue for the year went up by 36% from N2.4 trillion in 2023 to N3.3 trillion in 2024. Voice and data accounted for the bulk of revenue. Voice data came…
-
Access Bank (biggest subsidiary of Access Holdings) yesterday opened its commercial paper issue. A commercial paper is short term borrowing by a company. Issue details The Series 1 and 2 Commercial Paper Offer is for up to ₦200 Billion under its ₦400 billion commercial paper programme Series 1 has a tenor of 180 days and…
-
Nigerian Breweries dropped its audited FY 2024 numbers last week Friday. Revenue hit the N1 trillion mark up 80% from the N599 billion it made in FY 2023. That’s taken the brewer into a select number of firms on the exchange to do that. They include MTN Nigeria and Dangote Cement. Operating margins are thin.…