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Good morning and welcome to this week’s edition of Bulls and Bears, my weekly thread on the US and Nigerian equity space. If you have any questions, please feel free to share. The NGX ended last week on a positive note. It appreciated by 0.5% closing at 97,722.28 points. John Holt was the best performing…
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Tantalizers Plc made key changes to its board following a board meeting held on the 15th of October, 2024 Food Specialties and Organics Limited and Banklink Africa Private Equities Limited are now core shareholders following a private placement. About the firm Tantalizers was incorporated in 1997 as a private limited liability company It became a…
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In 1986, rockband Bon Jovi dropped their single Living on a Prayer. It tells the tale of Tommy and Gina, a working class couple who struggle to make ends meet and vow to “hold on to what we’ve got.” It would also go on to become an extremely successful song for the band. MTN Nigeria…
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Good morning and welcome to this week’s edition of Bulls and Bears, my weekly thread on the US and the NGX. If you have any questions, please feel free to share. You can also send an email to onome@greentickertales.com Doing things a bit differently this week. Starting with the US market. It was a historic…
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Like its sister company, Nascon Allied Dangote Sugar has had a rough 2024 due to higher cost of sales and finance costs. Key words FY: financial year FY 23: January to December 2023. 9M: Nine months ( in this case January to September) 9M 2023: January to September 2023 9M 2024: January to September 2024…
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Despite a tough macroeconomic environment, May and Baker had decent top and bottomline growth in 9M 2024. About the company May & Baker Nigeria Plc was incorporated as a private limited liability company in Nigeria on September 4, 1944 and commenced business on the same date. It was listed on the Nigerian stock exchange in…
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2024 was (and is because the year isnt over) a tough year for many businesses. Hotels seem to have had it great. Ikeja Hotels and Transcorp Hotels had topline and bottomline growth. I also took a detour to UPDC’s hotel. Though not listed, but some colour was provided in the parent company’s 9M 2024 numbers. …
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Despite topline and bottomline growth in 9M 2024, the rise in receivables is a cause for concern. About the firm Chams Plc was incorporated as a limited liability Company on 10 September 1985 and became a public Company (via a listing by introduction) on 4 September 2008. There was a change of name on 12th…
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While Zenith had decent 9M 2024 gross earnings and profit, stage 2 impairment provisions are a concern. About the bank Zenith Bank Plc was incorporated in Nigeria under the Companies and Allied Matters Act as a private limited liability company on May 30, 1990. It was granted a banking licence in June 1990, and commenced…
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Oando released its audited FY 23 results after market close on Friday. Analyzing this company can be challenging, as the figures are somewhat outdated and include some 2024 data. A more comprehensive understanding will emerge once the 2024 numbers are available. SO my focus is on the financial statement and other key points i found…