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EABL half year 2019/2020 results
Rank: Veteran Joined: 4/4/2016 Posts: 2,021 Location: Kitale
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Ericsson wrote:47.3% decline in Half Year profit to December 31 2020 with earnings falling to KES.3.8bn from 7.2bn in 2019.
Volumes and net sales tumbled by 5 and 3% respectively.The Kenyan subsidiary recorded the greatest hit with sales down by 10%.
Parent company Diageo reports a 1% rise in net organic sales driven by Americans drinking more Tequila at home.
It could have been worse.Bars were closed for so long.They will recover in the second half. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:47.3% decline in Half Year profit to December 31 2020 with earnings falling to KES.3.8bn from 7.2bn in 2019.
Volumes and net sales tumbled by 5 and 3% respectively.The Kenyan subsidiary recorded the greatest hit with sales down by 10%.
Parent company Diageo reports a 1% rise in net organic sales driven by Americans drinking more Tequila at home.
It could have been worse.Bars were closed for so long.They will recover in the second half.
https://mobile.twitter.c...5039041046110210/photo/1
No interim dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 6/26/2008 Posts: 401
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watesh wrote:Queen wrote:Ericsson wrote:Ericsson wrote:Full Year results being released next week.
EABL full year profit plunged 39% to ksh.7 billion with no final dividend declared
No dividend? Bloodbath tomorrow.
Readying up to buy this gem below 120
Seems 120 bob is not too farfetched after all.....
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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xtina wrote:watesh wrote:Queen wrote:Ericsson wrote:Ericsson wrote:Full Year results being released next week.
EABL full year profit plunged 39% to ksh.7 billion with no final dividend declared
No dividend? Bloodbath tomorrow.
Readying up to buy this gem below 120
Seems 120 bob is not too farfetched after all..... 150/- today and one of the favored stocks for foreigners.
Why is the Basic EPS less than 50% of 1H 2019?
From 7.00 to 2.71 even though the drop in PAT is less than 50%.
Was there a bonus?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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VituVingiSana wrote:xtina wrote:watesh wrote:Queen wrote:Ericsson wrote:Ericsson wrote:Full Year results being released next week.
EABL full year profit plunged 39% to ksh.7 billion with no final dividend declared
No dividend? Bloodbath tomorrow.
Readying up to buy this gem below 120
Seems 120 bob is not too farfetched after all..... 150/- today and one of the favored stocks for foreigners.
Why is the Basic EPS less than 50% of 1H 2019?
From 7.00 to 2.71 even though the drop in PAT is less than 50%.
Was there a bonus?
There was no bonus.
very confusing at the part of basic earnings per share. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:VituVingiSana wrote:xtina wrote:watesh wrote:Queen wrote:Ericsson wrote:Ericsson wrote:Full Year results being released next week.
EABL full year profit plunged 39% to ksh.7 billion with no final dividend declared
No dividend? Bloodbath tomorrow.
Readying up to buy this gem below 120
Seems 120 bob is not too farfetched after all..... 150/- today and one of the favored stocks for foreigners.
Why is the Basic EPS less than 50% of 1H 2019?
From 7.00 to 2.71 even though the drop in PAT is less than 50%.
Was there a bonus?
There was no bonus.
very confusing at the part of basic earnings per share.
This share will be facing headwinds for a while.
Firstly, last fy show the results tumble 39% despite a better trading environment and higher disposable incomes in the 3 quarters of the trading period compared to the last quarter that was heavily struck by kurona.
Current fy have had a full half fy with curfews and lock down on wamonyotas who had to bear with drying taps prompting change of taste, fashion, preferences and sobered decisions-= keg is gaining popularity among working class and middle-class earners, with reduced uptake volumes and a lower margin product. Some DDOS have quite or gotten into other alternatives most preferably keg and it will take a serious pampered advertisement campaigns to replace or win them back into the mainstream products.
Further, going forward, life won't be same again with diminishing returns, decreasing disposable income and the pangs of KURONA
Conclusive wise, expect the share price to adjust to such harsh reality and mirror to the trading environment albeit systematically.
Hopes, the guard don't sleep on their job till restructuring and hard times makes a call with the decision making machine of the firm, shareholders and stakeholders.
I luv morning glory, how is @bigchick doing this morning. I miss your manenos  ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 1/3/2014 Posts: 1,063
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muandiwambeu wrote:Ericsson wrote:VituVingiSana wrote:xtina wrote:watesh wrote:Queen wrote:Ericsson wrote:Ericsson wrote:Full Year results being released next week.
EABL full year profit plunged 39% to ksh.7 billion with no final dividend declared
No dividend? Bloodbath tomorrow.
Readying up to buy this gem below 120
Seems 120 bob is not too farfetched after all..... 150/- today and one of the favored stocks for foreigners.
Why is the Basic EPS less than 50% of 1H 2019?
From 7.00 to 2.71 even though the drop in PAT is less than 50%.
Was there a bonus?
There was no bonus.
very confusing at the part of basic earnings per share.
This share will be facing headwinds for a while.
Firstly, last fy show the results tumble 39% despite a better trading environment and higher disposable incomes in the 3 quarters of the trading period compared to the last quarter that was heavily struck by kurona.
Current fy have had a full half fy with curfews and lock down on wamonyotas who had to bear with drying taps prompting change of taste, fashion, preferences and sobered decisions-= keg is gaining popularity among working class and middle-class earners, with reduced uptake volumes and a lower margin product. Some DDOS have quite or gotten into other alternatives most preferably keg and it will take a serious pampered advertisement campaigns to replace or win them back into the mainstream products.
Further, going forward, life won't be same again with diminishing returns, decreasing disposable income and the pangs of KURONA
Conclusive wise, expect the share price to adjust to such harsh reality and mirror to the trading environment albeit systematically.
Hopes, the guard don't sleep on their job till restructuring and hard times makes a call with the decision making machine of the firm, shareholders and stakeholders.
I luv morning glory, how is @bigchick doing this morning. I miss your manenos
I think there is also change of preference among the middle class.Traditional brews like muratina aka Ratish is gaining popularity especially for the group events which s eating in the beer and whisky space.Balozi is doing well though but it is starting to eat in the whitecap market. Self cannibalization.
Consistency is better than intensity
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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https://www.theeastafric...-coronavirus-run-3275768
They raised their stake to 81% in Serengeti Breweries Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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PeterReborn wrote:muandiwambeu wrote:Ericsson wrote:VituVingiSana wrote:xtina wrote:watesh wrote:Queen wrote:Ericsson wrote:Ericsson wrote:Full Year results being released next week.
EABL full year profit plunged 39% to ksh.7 billion with no final dividend declared
No dividend? Bloodbath tomorrow.
Readying up to buy this gem below 120
Seems 120 bob is not too farfetched after all..... 150/- today and one of the favored stocks for foreigners.
Why is the Basic EPS less than 50% of 1H 2019?
From 7.00 to 2.71 even though the drop in PAT is less than 50%.
Was there a bonus?
There was no bonus.
very confusing at the part of basic earnings per share.
This share will be facing headwinds for a while.
Firstly, last fy show the results tumble 39% despite a better trading environment and higher disposable incomes in the 3 quarters of the trading period compared to the last quarter that was heavily struck by kurona.
Current fy have had a full half fy with curfews and lock down on wamonyotas who had to bear with drying taps prompting change of taste, fashion, preferences and sobered decisions-= keg is gaining popularity among working class and middle-class earners, with reduced uptake volumes and a lower margin product. Some DDOS have quite or gotten into other alternatives most preferably keg and it will take a serious pampered advertisement campaigns to replace or win them back into the mainstream products.
Further, going forward, life won't be same again with diminishing returns, decreasing disposable income and the pangs of KURONA
Conclusive wise, expect the share price to adjust to such harsh reality and mirror to the trading environment albeit systematically.
Hopes, the guard don't sleep on their job till restructuring and hard times makes a call with the decision making machine of the firm, shareholders and stakeholders.
I luv morning glory, how is @bigchick doing this morning. I miss your manenos
I think there is also change of preference among the middle class.Traditional brews like muratina aka Ratish is gaining popularity especially for the group events which s eating in the beer and whisky space.Balozi is doing well though but it is starting to eat in the whitecap market. Self cannibalization.
It's better to self-cannibalize than to be cannibalized by others.
It's not easy to think that a huge investment in a legacy brand could be destroyed.
Many examples abound. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Speaking of beer, something seems to have changed in the flavour profile of White Cap, and have found myself going to Balozi as default in the last few months. Maybe EABL is changing the formula? Business opportunities are like buses,there's always another one coming
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EABL half year 2019/2020 results
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