What will happen if they win the final?

The interest rate on over 90% of the loan the loan is about 8% and it is a dollar denominated loan. They marked the loan to market in 2011, which was what led to the initial losses the company experienced as the Naira depreciated. The loan belongs to Brauhaase, a joint venture between SABMiller and Castel Group. Brauhaase owns 65% of International breweries and they are in the process of consolidating the company with some other ones in Nigeria to give NB and Guinness a run for their money. I have argued with some members on this before and they believed that I must have been high on something when I said IB was a stock to watch because they were of the opinion that IB was not going to have any impact on the market share of the two giants.

In 2011 in response to the threat of IB, Guinness increased capacity and NB went on a buying spree of moribund brewers. Despite that we see the kind of numbers that IB is churning out. Oracle went as far as saying that the management of IB was milking the company, that was why they were running into losses... Okay now!

As for me, I now have a holding period of 28.5 years for IB and if you decide to join me, you can thank me later because some of the information in this post is something you will never find anywhere, not even from the majority of IB workers.

with a total asset of 11.7billion and net asset of 551million. It means 95.3% of this company asset is own by the creditors, so who owns the company. Though with an interest coverage ratio of 31 the interest expenses is not yet a burden to them but this is a high interest rate regime

Does anyone know how aggressive AMCON is, in recovering all these loans?
At least not all the loans are not collaterized.
Unfortunately most of the money from these loans have been moved offshore rather than investing it in the Nigerian economy.

Hehe.I can't help but laugh!! Wasn't this the same company that was even telling the market what it is worth? I'm glad the market is wiser now.:D:D