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EABL profit warning
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Surealligator
#1 Posted : Wednesday, October 27, 2010 9:43:20 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
EABL has said generous dividends to its shareholders will be a thing of the past as the company has and is going to spend most of its retained earnings on buying half of and revamping Serengeti Brewery. The reduced earnings will go on till 2014 if not 2016

Another key factor will be the re-entry of SAB Castle Brewery into Kenya, this time in a sure footed manner after previous harassment by EABL. SAB is harassing EABL in Southern Sudan and doing a good mash work on EABL in Uganda.

Add Mututho laws to the equation and EABL shareholders will have a low return on their investment in the medium term.

Recommendation: Sell now, buy in 2013.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Horton
#2 Posted : Wednesday, October 27, 2010 9:53:38 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
It isn't a "profit warning", it's just reduced dividends. However results are consistent but not inflation beating and at a price of 212 and pe of 20+, I'm gonna sell my shares as it's profits grows on single digits.
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2012
#3 Posted : Wednesday, October 27, 2010 10:02:22 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Profit warning??? What are you talking about???

BBI will solve it :)
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madebe
#4 Posted : Wednesday, October 27, 2010 10:03:16 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
ok. base it on fact. walisema wapi ati dividends will reduce? where is the report?
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sheep
#5 Posted : Wednesday, October 27, 2010 10:46:49 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
mmeona another bluechip @BAMBURI has broken badly today now at 196...glad I sold after suffering @200 for so long...EABL must obey the law of the markets and go down!
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Surealligator
#6 Posted : Wednesday, October 27, 2010 11:10:25 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
madebe wrote:
ok. base it on fact. walisema wapi ati dividends will reduce? where is the report?


@Madebe

but depress its earnings eating into shareholders take home in the next couple of years.

On the other hand, Adebu cannot be as combative as Mahinda was. Top it with change of guard at the company where Adebu brought in some not aggressive and Adebu friendly management.

http://www.businessdaily.../-/14lk0uo/-/index.html
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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  | | Edit by user: Wednesday, October 27, 2010 11:13 AM | Reason: Not specified
Surealligator
#7 Posted : Wednesday, October 27, 2010 11:15:19 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
@ Madebe

Also, check your E-mails and mail boxes for a shareholder appraisal letter from EABL
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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  | | Edit by user: Wednesday, October 27, 2010 11:17 AM | Reason: Not specified
KulaRaha
#8 Posted : Wednesday, October 27, 2010 11:17:30 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Please please please keep selling with all your theories and blah blah, please please sell!!!

I need to buy.....
Business opportunities are like buses,there's always another one coming
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2012
#9 Posted : Wednesday, October 27, 2010 11:28:44 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
This is still a very good deal even without dividend since they do not have to borrow money and after 2014 which is not far btw it will be fullu fullu muenjoyo for the shareholders.

BBI will solve it :)
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Impunity
#10 Posted : Wednesday, October 27, 2010 11:45:35 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Fundaah
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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