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Cannabis shows promise blocking coronavirus infection:

Discussion in 'Stock Market and Economy news' started by Godspower, May 16, 2020.

  1. Godspower

    Godspower Well-Known Member

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    Total Nigeria Plc (TOTAL: NGSE) released its FY’19 audited results alongside its Q1’20 unaudited numbers. The FY’19 audited filing was largely in line with the earlier unaudited release in January – which revealed a 71.4% YoY moderation in EPS to N6.71/share. The firm consequently announced a dividend of N6.71/share (6.5% div. yield as at close price).
    In the Q1’20 results, TOTAL reported a N 163.2 million loss after tax, weighed by the 9.3% YoY revenue decline during the period. Below are the key highlights from the Q1’20 numbers:
    Q1’20 sales moderated by 9.3% YoY to N70.2 billion, owing to weakened sales from the Petroleum Products (-10.7% YoY) segment. Lubricants (-2.7% YoY) sales similarly printed marginally lower to N13.1 billion.
    In our view, the increased retail expansion from competitors, combined with the activation of social distancing measures within the country due to the COVID-19 outbreak in March led to the drawback in sales. For context, sales to service stations and aviation customers fell by 9.7% YoY and 39.5% YoY respectively.
    The corporate customer’s section, however, rose by 3.7% YoY as major companies continued normal operating hours till the President’s mandatory lockdown order at the end March of 2020
    Gross profit margin improved by 50 bps to 11.0% during the first quarter, aided by the weakness in crude oil prices following the brief trade fallout between two of the biggest oil producers Saudi Arabia and Russia
     
  2. Stewerr

    Stewerr New Member

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    HAH, I don't think it is true man
     
  3. TrevorMathis

    TrevorMathis New Member

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    Pretty interesting thread, I have heard such information recently, but I don't know how true is that. What I know, is that because of this COVID19 pandemic threat, a lot of stores and a lot of places where you could get some marijuana were closed, and it is not the best news for the consumers. Well, happily there are different delivery companies that are ready to help you with getting marijuana. Even it can be a bit harder for the first time to order, you will understand how it works, and you won't have any problems with delivery services in the future. You can find more here
     
    #3 TrevorMathis, Aug 23, 2020
    Last edited by a moderator: Aug 31, 2020

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