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Eveready profit warning
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The fast & furious
#1 Posted : Monday, November 29, 2010 4:01:26 PM
Rank: Member

Joined: 9/24/2009
Posts: 112
Today, Eveready East Africa Limited has announced a profit warning for the financial year ending Sept 30, 2010.

The financial results are expected to be lower than the profit for the same period in 2009.

Causes.

1. Increase in global prices

2. Increase in finance costs

3. Importation of illicit dry cell batteries by Mwau and pharmacist gang.
The signature of God runs in all things. Only fools fail to see it and believe in Him. However, others see it even where non exists - now you see where the false pastor comes in.
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The Merchant
#2 Posted : Monday, November 29, 2010 5:03:01 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Tough industry for these guys. They should have used the IPO money to venture elsewhere, anywhere but batteries. Or used the IPO money to hire assassins to get rid of the illicit importers!!
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VituVingiSana
#3 Posted : Monday, November 29, 2010 5:32:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
So 2/3 merali companies have issued profit warnings...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kyt
#4 Posted : Monday, November 29, 2010 5:39:10 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
its tough doing biz with merali. Sigh!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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VituVingiSana
#5 Posted : Monday, November 29, 2010 6:00:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
kyt wrote:
its tough doing biz with merali. Sigh!
No, It's easy... It is a one-way street... You pay, he takes!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#6 Posted : Monday, November 29, 2010 6:15:52 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hahaha maybe Sasini will issue a profit warning next week...LOL...
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sheep
#7 Posted : Monday, November 29, 2010 7:49:33 PM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
ile pesa he's skimmed from his cunning deals pia inapotelea kwa his other investments...yo cant con mother nature!
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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sparkly
#8 Posted : Monday, November 29, 2010 9:41:05 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
SELL SELL SELL but to whom do you sell?
Life is short. Live passionately.
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sparkly
#9 Posted : Monday, November 29, 2010 9:42:46 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
SELL SELL SELL but to whom do you sell?
Life is short. Live passionately.
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PKoli
#10 Posted : Monday, November 29, 2010 10:07:39 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
I will wait for it at 50 cents. I do not see any saviour for this paka.
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