Jos International Breweries Plc

[Stockbear]

BusinessDay
Major Equity Swap At JIB
17 April 2007

A major divestment in Jos International Breweries Plc, yesterday may chart a new course for the shares in the coming weeks.

Stockbrokers said the cross deals where 200 million shares were transfered to new investors, has put the company in focus again.

The Brewer of Rock Larger beer among other brands has not declared dividends in a long time now. Specifically, the market capitalization of shares which were traded yesterday at N2.94 was N588 million.

The highest price during the year has been N3.26. The new investor(s) may turn out to be a booster to the company, which currently carry zero price earning ratio and earnings per share.

Earlier in March 2007, the Nigerian Stock Exchange allowed a supplementary offer of the brewery company listed. The supplementary offer of 303,500,000 shares was listed.

[Stockbear]

Investors need to be vigilant!

BusinessDay
April 19th, 2007
Jos International Breweries battles for life

Activities at Jos International Breweries Plc are gradually grinding to a halt, indicating that all is certainly not going well with the brewing company.
Chinedu Dike

The slide to a shutdown is making shareholders to be deeply concerned and is making them to seek the intervention of the regulatory authorities to help salvage their investments in the company.

The company accessed the capital market in 2004 for fresh funds to strengthen its operations. But the results of the offer are yet to be published and there are no clues of the level of subscription.

Though subscribers to the offer have received their share certificates, they are not yet verifiable as the shares are yet to be listed for trading on the floor of the Nigerian Stock Exchange (NSE).

Worried by this development, Boniface Okezie, President, Progressive Shareholders Association of Nigeria (PSAN), said he went to the company’s factory in Jos to appraise the state at the company. What he saw there was near zero operations. He did not see any truck moving in or out of the factory an indication that no production activity was going on.

http://www.businessdayonline.com/?c=56&a=12768

[Royal]

Stckbear, Thank you,

I actually was considering this as a good dark horse, that is a dark horse that you know will shine!
Rgdz

[Betiku Franklin Olugbenga]

If any serious core investor(s) comes along, this can certainly go the way of international breweries.
We should be on the look out for any info from n about the company.

[Betiku Franklin Olugbenga]

Kudos needs be given to the current mgt of the coy though, they have posted good results in the last six months

[pegheneji]

the price of JIB has been on the rise inspite of the bad result, does anyone know why or is ther any foreign investor coming in?

[dejacrue]

pple r buyin in expectatn of a new foreign core investors.as such d price r rising in spite of the unimpressive results.