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EABL HY 2019
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Ericsson
#11 Posted : Tuesday, January 29, 2019 11:44:05 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
From the FY2018 results Borrowings is at ksh.30.33bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#12 Posted : Thursday, January 31, 2019 11:35:40 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...59488-sdrqei/index.html

Beer maker East African Breweries Limited (EABL) has borrowed Sh11.5 billion from Kenyan units of Standard Chartered and Stanbic banks to pay off a similar-sized loan taken from its London-based parent Diageo.

The local loan is intended to save the Nairobi Securities Exchange-listed firm an additional tax burden that applies when a subsidiary takes a loan from its parent company.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#13 Posted : Thursday, January 31, 2019 12:08:39 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/EABL-takes-Sh11bn-loan-from-Stanbic-StanChart/4003102-4959488-sdrqei/index.html

Beer maker East African Breweries Limited (EABL) has borrowed Sh11.5 billion from Kenyan units of Standard Chartered and Stanbic banks to pay off a similar-sized loan taken from its London-based parent Diageo.

The local loan is intended to save the Nairobi Securities Exchange-listed firm an additional tax burden that applies when a subsidiary takes a loan from its parent company.




The debt level of this company is already too high.Its in the same range as kenya power.A reputable firm like Diageo should do better.Instead of working to lower debt to equity ratio,they are busy increasing it.This is risky as they might loose control.ARM,KQ,UCHUMI,DEACONS and MUMIAS are in their current state because of situations like this.
Towards the goal of financial freedom
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Ericsson
#14 Posted : Thursday, January 31, 2019 12:11:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/EABL-takes-Sh11bn-loan-from-Stanbic-StanChart/4003102-4959488-sdrqei/index.html

Beer maker East African Breweries Limited (EABL) has borrowed Sh11.5 billion from Kenyan units of Standard Chartered and Stanbic banks to pay off a similar-sized loan taken from its London-based parent Diageo.

The local loan is intended to save the Nairobi Securities Exchange-listed firm an additional tax burden that applies when a subsidiary takes a loan from its parent company.




The debt level of this company is already too high.Its in the same range as kenya power.A reputable firm like Diageo should do better.Instead of working to lower debt to equity ratio,they are busy increasing it.This is risky as they might loose control.ARM,KQ,UCHUMI,DEACONS and MUMIAS are in their current state because of situations like this.


The higher the debt from parent Diageo,the better for them.
They are making more money through fees and charges
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#15 Posted : Friday, February 15, 2019 5:05:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
EABL’s dividend policy is to distribute about 63 percent of net earnings to shareholders.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#16 Posted : Tuesday, February 26, 2019 3:26:05 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
12.95% !!! investors wanakula unono. That date though d'oh!

Pesa Nane plans to be shilingi when he grows up.
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  | | Edit by user: Tuesday, February 26, 2019 3:27 PM | Reason: Not specified
murchr
#17 Posted : Tuesday, February 26, 2019 5:25:12 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Pesa Nane wrote:
12.95% !!! investors wanakula unono. That date though d'oh!



Hio tranche ina nunuliwa aje?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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jmbada
#18 Posted : Tuesday, February 26, 2019 5:53:22 PM
Rank: Member

Joined: 1/1/2011
Posts: 396
Pesa Nane wrote:
12.95% !!! investors wanakula unono. That date though d'oh!


12.95% is way too high. They can source standard loans at 13% without needing to negotiate / go through the administrative hassle of managing agents and noteholders, etc. Unless they are locking in a fixed rate now in anticipation of potential lending rate hikes.
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Angelica _ann
#19 Posted : Tuesday, February 26, 2019 6:09:54 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
jmbada wrote:
Pesa Nane wrote:
12.95% !!! investors wanakula unono. That date though d'oh!


12.95% is way too high. They can source standard loans at 13% without needing to negotiate / go through the administrative hassle of managing agents and noteholders, etc. Unless they are locking in a fixed rate now in anticipation of potential lending rate hikes.


So is it 8th or 6th payment ..... normally surprised that such serious corprate organizations also get caught in copy + paste manenos!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Pesa Nane
#20 Posted : Wednesday, March 13, 2019 3:45:56 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
tranche 2... 14.17% !!
Pesa Nane plans to be shilingi when he grows up.
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