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IKEJA HOTEL PLC – 9M 2025 Financial Performance Review (Unaudited Results for the Period Ended 30 September 2025)

Published
22 Apr 25
Updated
25 Oct 25
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Wane_Investment_House's Fair Value
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1Y
133.8%
7D
3.7%

Author's Valuation

₦17.015.8% overvalued intrinsic discount

Wane_Investment_House's Fair Value

Shared on 25 Oct 25

Wane_Investment_House made no meaningful changes to valuation assumptions.

Shared on 01 Aug 25

Governance Crisis at TCN Plc Raises Investment Risk for Ikeja Hotel Plc Key Takeaways: IHPLC Denies Director Withdrawal: Ikeja Hotel Plc (IHPLC) has clarified it did not authorize the removal of its nominated directors—Chief Anthony Idigbe SAN and Alhaji Abatcha Bulama—from the board of its investee company, The Tourist Company of Nigeria Plc (TCN). Board Dispute and SEC Oversight: The controversy stems from the SEC-ordered forensic audit of IHPLC, which triggered governance tension within IHPLC and TCN, both still under SEC regulatory scrutiny.

Shared on 01 Aug 25

Fair value Increased 67%

Valuation based on H1 result

Shared on 29 Jul 25

WaneInvestmentHouse has decreased revenue growth from 20.0% to 12.1% and decreased shares outstanding growth rate from 0.1% to 0.0%.

Shared on 25 Apr 25

Fair value Decreased 97%

WaneInvestmentHouse has decreased revenue growth from 132.0% to 20.0% and increased future PE multiple from 3.1x to 3.4x.