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EABL FY19
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FUNKY
#11 Posted : Monday, July 29, 2019 8:23:53 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
https://www.standardmedi...9pc-but-sees-tough-2019

"With such a comfortable cash position, said EABL Group Finance and Strategy Director Gyorgy Geiszl, the company may opt to repay its Medium Note or claw back the money to its investors."

A special dividend might be in the offing!
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VituVingiSana
#12 Posted : Monday, July 29, 2019 8:58:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
FUNKY wrote:
https://www.standardmedia.co.ke/business/article/2001335558/eabl-profit-up-59pc-but-sees-tough-2019

"With such a comfortable cash position, said EABL Group Finance and Strategy Director Gyorgy Geiszl, the company may opt to repay its Medium Note or claw back the money to its investors."

A special dividend might be in the offing!
EABL needs to repay its MTN first. Then any KES loans it has. The special dividend can wait.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#13 Posted : Tuesday, July 30, 2019 5:05:30 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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Angelica _ann
#14 Posted : Tuesday, July 30, 2019 5:10:59 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
VituVingiSana wrote:
FUNKY wrote:
https://www.standardmedia.co.ke/business/article/2001335558/eabl-profit-up-59pc-but-sees-tough-2019

"With such a comfortable cash position, said EABL Group Finance and Strategy Director Gyorgy Geiszl, the company may opt to repay its Medium Note or claw back the money to its investors."

A special dividend might be in the offing!
EABL needs to repay its MTN first. Then any KES loans it has. The special dividend can wait.


I support. But Dieago (sp) are normally fishy - they always structure loans that favour them.
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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FUNKY
#15 Posted : Wednesday, July 31, 2019 10:31:44 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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Failed Businessman
#16 Posted : Wednesday, July 31, 2019 10:50:20 PM
Rank: Hello

Joined: 5/24/2019
Posts: 8
Location: Nairobi
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/EABL-staff-face-layoffs/4003102-5218176-view-asAMP-qbwvsbz/index.html


These retrenchments started kitambo. I was one of the first people to face the axe. Jobs are mainly moved to India.
Unfortunately I can't change my username SMH!
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VituVingiSana
#17 Posted : Wednesday, July 31, 2019 11:59:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Failed Businessman wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/EABL-staff-face-layoffs/4003102-5218176-view-asAMP-qbwvsbz/index.html


These retrenchments started kitambo. I was one of the first people to face the axe. Jobs are mainly moved to India.
Are KE labor costs too high?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Failed Businessman
#18 Posted : Thursday, August 01, 2019 12:49:28 AM
Rank: Hello

Joined: 5/24/2019
Posts: 8
Location: Nairobi
VituVingiSana wrote:
Failed Businessman wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/EABL-staff-face-layoffs/4003102-5218176-view-asAMP-qbwvsbz/index.html


These retrenchments started kitambo. I was one of the first people to face the axe. Jobs are mainly moved to India.
Are KE labor costs too high?


I think so.
Unfortunately I can't change my username SMH!
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  | | Edit by user: Thursday, August 01, 2019 1:03 AM | Reason: Not specified
sparkly
#19 Posted : Thursday, August 01, 2019 10:00:52 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Failed Businessman wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/EABL-staff-face-layoffs/4003102-5218176-view-asAMP-qbwvsbz/index.html


These retrenchments started kitambo. I was one of the first people to face the axe. Jobs are mainly moved to India.


Your handle is unlucky. Change it.
Life is short. Live passionately.
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McGill
#20 Posted : Thursday, August 01, 2019 1:31:11 PM
Rank: Member

Joined: 8/1/2019
Posts: 106
VituVingiSana wrote:
Failed Businessman wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/EABL-staff-face-layoffs/4003102-5218176-view-asAMP-qbwvsbz/index.html


These retrenchments started kitambo. I was one of the first people to face the axe. Jobs are mainly moved to India.
Are KE labor costs too high?


I know of a diageo position where a kenyan guy makes 120,000ksh but the Indian counterpart makes less than 50,000ksh
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