Tripple Gee

[hispy99]

Tripple GEE Audited Accounts for Year Ended MARCH 2008

2008 2007 Change
Revenue 775.414M 631.354M 22%
PBT 128.8M 65.715M 95%
PAT 101.398M 52.081M 95%

Div 15k
Bonus 1 for 2
Closure Date 3-7 July
Payment Date 17th July

[BLUEMONEY]

Originally Posted by hispy99

Tripple GEE Audited Accounts for Year Ended MARCH 2008

2008 2007 Change
Revenue 775.414M 631.354M 22%
PBT 128.8M 65.715M 95%
PAT 101.398M 52.081M 95%

Div 15k
Bonus 1 for 2
Closure Date 3-7 July
Payment Date 17th July

The result is impressive.

[hispy99]

Originally Posted by BLUEMONEY

The result is impressive.

Impressive compared to last year's performance, but PE is still over 50. PAT growth was 3 times revenue growth.

[hispy99]

Tripple Gee may seek fresh funds
Posted Friday, July 11, 2008

-gives investors 15 Kobo dividend payout for 2008 FYE

-offers 1 for 2 bonus


PETER OBIORA

Proshare NI

July 11, 2008 at 15:45 GMT

Tripple Gee & Company Plc may seek to raise fresh funds as the company has approved a bonus of one for two bonus to its shareholders. This was approved at the Company’s 18th Annual General Meeting held in Lagos Nigeria.

Apart from that, Shareholders of Tripple Gee have approved an increase in the share capital of the company from N300 million to N500 million.

An additional 400 million ordinary shares of 50 kobo each would be created by the company to accommodated the N200 million.

Gbade Giwa, Chairman/Managing Director (MD) of the company affirmed that the company recorded an increase in turnover from N631.3million recorded in 2007 to N775.4 million for the year ended March 31, 2008, indicating an increase of 23 percent in the review period.

Profit before Tax (PBT) rose from N65.7million in year 2007 to N128.8 million in year 2008, indicating a rise of 96 percent.

While Profit after Tax (PAT) also grew from N52 million in year 2007 to N101.3 million in year 2008 showing a growth of 95 percent in the period under review.

“The improved performance in 2008 resulted from an injection of N441 million foreign investments” Giwa said.

He affirmed also that the sum of N441 million was raised through Foreign Direct Investment (FDI); which has helped in clearing Tripple Gee’s long standing debts, “thereby freeing us of astronomical interest rates and also helped ease our working capital,” he said.

Giwa further affirmed that the company is matching forward as its client base is expanding giving the company a steady growth in its market share.

In the same vein, he confirmed that the company would soon access the market to raise fresh funds to finance its business expansion plans.

“We plan to expand our business activities beyond Nigeria to West Africa” Giwa affirmed.

Another reason for the raising of fresh funds is the plans to print end to end transactional statement for banks, pension fund administrators, telecommunications companies and other organisations that require laser high volume prints.

Though as at the time of filling in this report, Proshare NI could not gather much detail as regards the proposed offer by the company.

Tripple Gee is one of the leading producers of security documents, financial instruments and computer stationery and one of the only two companies accredited by the Central Bank of Nigeria (CBN) to print cheques for Nigerian Banks.

[ttoladele]

Originally Posted by hispy99

Tripple Gee may seek fresh funds
Posted Friday, July 11, 2008

-gives investors 15 Kobo dividend payout for 2008 FYE

-offers 1 for 2 bonus


PETER OBIORA

Proshare NI

July 11, 2008 at 15:45 GMT

Tripple Gee & Company Plc may seek to raise fresh funds as the company has approved a bonus of one for two bonus to its shareholders. This was approved at the Company’s 18th Annual General Meeting held in Lagos Nigeria.

Apart from that, Shareholders of Tripple Gee have approved an increase in the share capital of the company from N300 million to N500 million.

An additional 400 million ordinary shares of 50 kobo each would be created by the company to accommodated the N200 million.

Gbade Giwa, Chairman/Managing Director (MD) of the company affirmed that the company recorded an increase in turnover from N631.3million recorded in 2007 to N775.4 million for the year ended March 31, 2008, indicating an increase of 23 percent in the review period.

Profit before Tax (PBT) rose from N65.7million in year 2007 to N128.8 million in year 2008, indicating a rise of 96 percent.

While Profit after Tax (PAT) also grew from N52 million in year 2007 to N101.3 million in year 2008 showing a growth of 95 percent in the period under review.

“The improved performance in 2008 resulted from an injection of N441 million foreign investments” Giwa said.

He affirmed also that the sum of N441 million was raised through Foreign Direct Investment (FDI); which has helped in clearing Tripple Gee’s long standing debts, “thereby freeing us of astronomical interest rates and also helped ease our working capital,” he said.

Giwa further affirmed that the company is matching forward as its client base is expanding giving the company a steady growth in its market share.

In the same vein, he confirmed that the company would soon access the market to raise fresh funds to finance its business expansion plans.

“We plan to expand our business activities beyond Nigeria to West Africa” Giwa affirmed.

Another reason for the raising of fresh funds is the plans to print end to end transactional statement for banks, pension fund administrators, telecommunications companies and other organisations that require laser high volume prints.

Though as at the time of filling in this report, Proshare NI could not gather much detail as regards the proposed offer by the company.

Tripple Gee is one of the leading producers of security documents, financial instruments and computer stationery and one of the only two companies accredited by the Central Bank of Nigeria (CBN) to print cheques for Nigerian Banks.

The above explains the massive share dilution, i wish them luck in their quest for more fund, i won't touch the PO, will rather be patient to grab at a cheaper rate from the trading floor.

[billions]

TRIPPLE GEE AND COMPANY PLC
UNAUDITED RESULT FOR FIRST QUARTER ENDED 30 JUNE 2008
2008 2007
TURNOVER N225.6m N161.8m
PROFIT BEFORE TAXATION N30.8m N21.1m
TAXATION (N4.6m) (N4.2m)
PROFIT AFETR TAXATION N26.1m N16.9m

[hispy99]

Latest Market Info
TRIPPLEG: ON TECHNICAL SUSPENSION

TODAY TRIPPLEG PLC WAS PLACED ON TECHNICAL SUSPENSION FOLLOWING THE RECEIPT OF THEIR APPLICATION FOR PUBLIC OFFER OF 250 MILLION SHARES AT N5.80 PER SHARE.

[kingojames]

Tripple g recently gave bonus on d 3rd july of this yr.
I bought it around N17 about 6 months back and i haven't seen any added units of this stock to the one i bought.
I complained to my stock broker and they as confuse as i am.
Pls what may be happening?

[hispy99]

Company Forecast

31-Dec-08 12 Mths
N'000
Turnover N236,938
PBT N28,739
Tax (N8,621)
PAT N20,117

[billions]

Tripple Gee Plc today released its un-audited results for the second quarter ended 30th September, 2008. Turnover increased by 6.64% to N463.487 million, PBT also increased by 14.06% to N71.41million while PAT grew by 14.06% to N57.128 million from N50.086 million in the corresponding period of 2007

[BLUEMONEY]

Originally Posted by kingojames

Tripple g recently gave bonus on d 3rd july of this yr.
I bought it around N17 about 6 months back and i haven't seen any added units of this stock to the one i bought.
I complained to my stock broker and they as confuse as i am.
Pls what may be happening?

Maybe they didn't plan to Credit your CSCS Account Electronically and you should be Expecting a Bonus Certificate.