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NASCON Allied Industries (Dangote Salt as it was prior known) had strong topline growth in the financial year 2024. Profit grew at a much slower pace due to higher costs. Shareholders have reason to cheer as the company hiked its dividend payout by 100%. About the firm The Company was incorporated on April 30, 1973…
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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…
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Good morning and welcome to this week’s edition of Bulls and Bears. This is a weekly thread where i look at happenings on the NGX and US equity space. If you have any questions, please feel free to share. Occasionally, i veer into other asset classes. Today, being one of such days due to yesterday’s…
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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…
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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…
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Good Morning and welcome to this week’s edition of Bulls and Bears. This is a weekly thread where i look at happenings on the NGX, US equities and occasionally global macro. If you have any questions, please feel free to share. You can also send an email to info@greentickertales.com or use this anonymous link. A…
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Top on my watchlist for the coming week are Nu Holdings, MTN Nigeria and the FUGAZ Banks. Watchlist is not a Buy/Sell/Hold recommendation. I watch stocks for different reasons. Price movement. Impending results. Even large trades. Or just being in the news. HIMS You either love this stock or hate it. Stock dipped a bit…
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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…
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Good morning and welcome to this week’s bulls and bears. Bulls and Bears is a weekly thread where i look at happenings on the NGX and US equity space. If you have any questions, please feel free to share. You can also send an email to info@greentickertales or use this anon link. So how did…
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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.…