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EABL half year 2019/2020 results
Ebenyo
#41 Posted : Friday, January 29, 2021 5:23:10 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,989
Location: Kitale
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
Ericsson
#42 Posted : Friday, January 29, 2021 9:19:09 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
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...039041046110210/photo/1

No interim dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
xtina
#43 Posted : Friday, January 29, 2021 9:22:02 AM
Rank: Member


Joined: 6/26/2008
Posts: 346
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.....
VituVingiSana
#44 Posted : Friday, January 29, 2021 11:50:02 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,594
Location: Nairobi
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
Ericsson
#45 Posted : Friday, January 29, 2021 1:19:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
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
muandiwambeu
#46 Posted : Saturday, January 30, 2021 3:30:24 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,243
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 manenosLaughing out loudly Laughing out loudly
,Behold, a sower went forth to sow;....
PeterReborn
#47 Posted : Monday, February 01, 2021 10:17:16 AM
Rank: Veteran


Joined: 1/3/2014
Posts: 1,061
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 manenosLaughing out loudly Laughing out loudly

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
Ericsson
#48 Posted : Tuesday, February 02, 2021 8:06:26 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
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
VituVingiSana
#49 Posted : Tuesday, February 02, 2021 10:08:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,594
Location: Nairobi
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 manenosLaughing out loudly Laughing out loudly

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
KulaRaha
#50 Posted : Wednesday, February 03, 2021 8:55:26 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,509
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
Ericsson
#51 Posted : Saturday, July 24, 2021 12:33:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
FY results to be released on Friday 30 July 2021
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#52 Posted : Sunday, July 25, 2021 8:21:01 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,594
Location: Nairobi
Ericsson wrote:
FY results to be released on Friday 30 July 2021

A firm with huge operations in 3 countries and it releases FY results in 1 month while others take almost 4 months!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#53 Posted : Sunday, July 25, 2021 10:12:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
FY results to be released on Friday 30 July 2021

A firm with huge operations in 3 countries and it releases FY results in 1 month while others take almost 4 months!


Take 4 months then when they release no dividend.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#54 Posted : Sunday, July 25, 2021 10:48:05 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,594
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
FY results to be released on Friday 30 July 2021

A firm with huge operations in 3 countries and it releases FY results in 1 month while others take almost 4 months!


Take 4 months then when they release no dividend.
Profit Warning one day before results are released.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#55 Posted : Thursday, July 29, 2021 7:11:48 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Link to EABL FY2020/2021 results.


https://mobile.twitter.c...777807848869892/photo/1

Change in Net Sales
1.Uganda:+33%
2.Tanzania:+15%
3.Kenya:+10%

Mainstream Spirits:+23%
Mainstream beer:+12%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#56 Posted : Tuesday, August 03, 2021 9:11:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
https://www.businessdail...e-dar-subsidiary-3494816
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#57 Posted : Wednesday, August 04, 2021 3:03:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/eabl-buys-extra-sh6bn-stake-dar-subsidiary-3494816


East African Breweries Limited has completed acquisition of additional 30 percent stake in Tanzanian subsidiary for $55 million (Sh5.98 billion), raising its ownership to 85 percent.

“We got one minority shares. We decided to buy them out and they also wanted to sell. The shareholding changed from 55 to 85 percent,” EABL managing director Jane Karuku said without giving further details.

British drinks group Diageo disclosed EABL acquired the 30 percent stake late last year for $55 million (Sh5.98 billion) in cash and £16 million (Sh2.1 billion) in outstanding loans that EABL had earlier extended to the Tanzanian brewer.

“On 21 October 2020 and on 6 November 2020, EABL completed the acquisition of 13.3% and 16.7%, respectively of shares in Serengeti Breweries Limited for a total consideration of $55 million (£42 million) in cash and £16 million in the form of shareholder loans outstanding to EABL,”Diageo wrote in a note to investors.

The Serengeti was a major beneficiary of the giant brewer’s Sh7.8 billion capital investment in the year ended June 2021, largely targeted at the Moshi plant which EABL has identified as a major player in its growth strategy for the spirits business.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#58 Posted : Wednesday, October 06, 2021 2:19:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
https://mobile.twitter.c...610307896840201/photo/1

EABL to issue a Medium term note targeting to raise upto ksh.11 billion.
The tenor is 5 years
Offer date is 6th to 21st October
Interest rate is fixed at 12.25% payable semi-annually.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#59 Posted : Thursday, October 07, 2021 12:05:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,594
Location: Nairobi
Absa breaches lending law in Sh18.8bn loan to EABL
https://www.businessdail...8bn-loan-to-eabl-3575148

They need 11bn to pay off an 11bn loan coming due in July 2022.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#60 Posted : Thursday, October 07, 2021 1:04:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
VituVingiSana wrote:
Absa breaches lending law in Sh18.8bn loan to EABL
https://www.businessdail...8bn-loan-to-eabl-3575148

They need 11bn to pay off an 11bn loan coming due in July 2022.


Their cashflow position not good.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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