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Fundamental investor - Eveready

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VituVingiSana		#21 Posted : Monday, September 06, 2010 12:52:13 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi		At least @yawe is not one who shouts BUY, BUY, BUY, BUY, BUY, BUY, BUY without some thought/facts... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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My 2 cents		#22 Posted : Monday, September 06, 2010 5:30:00 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,075		I cannot remember the last time I bought batteries; but I sure can remember the last time I bought - Credit -Booze - A Newspaper
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simonkabz		#23 Posted : Monday, September 06, 2010 5:38:31 PM
Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon		They should take up ths great n rare opportunity n start brewing n bottling charm! TULIA.........UFUNZWE!
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VituVingiSana		#24 Posted : Monday, September 06, 2010 5:55:52 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi		simonkabz wrote: They should take up ths great n rare opportunity n start brewing n bottling charm! LOLest!!!! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Njung'e		#25 Posted : Monday, September 06, 2010 6:12:11 PM
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi		simonkabz wrote: They should take up ths great n rare opportunity n start brewing n bottling charm! ......I am just wondering what i would if i found i have Paka in my stable....even a Ndead paka. Nothing great was ever achieved without enthusiasm.
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VituVingiSana		#26 Posted : Monday, September 06, 2010 7:53:05 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi		sparkly wrote: VituVingiSana wrote: sparkly wrote: Wazungus very cunning, so they exited everready through the IPO, knowing the company had a bleak future. Kenyan public was sold rotten mangos. They must have cooked the books seriously to dupe cma to allow them to list. Chief, I read the prospectus & they were clear about the risks... yet MOST Kenyans refuse to read the Prospectus... then bitch! You do know the over-subscription was MASSIVE for Neveready...? @vvs, why an IPO? 1. To raise capital for expansion 2. Divest/take profit from a mature business 3. Divest from a business thats no longer worth it/viable if you can't sell it by private treaty... In the case of eveready, it was no. 3, and i am letting those who didn't know to know. You disagree? My point is that if you had read the Neveready prospectus at the time... you could see the shit was going to hit the fan! Unless you were as daft as nyongo or did not read the prospectus... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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digitek1		#27 Posted : Tuesday, September 07, 2010 10:43:14 AM
Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya		polymer1 wrote: They didnt take the opportunity to get into solar though they have a brand built on energy solutions. Eveready is not listed by the earth institute as an alternative energy producer! NKt http://bit.ly/dl4Nfi polymer1 wrote: They need either a new management or strategy. ati diapers!! polymer1 wrote: If I had the money I would buy it wholesome for the real estate where its factory is located and leave batteries to the chinese. There is still a big market for batteries that eveready are not tapping. However the Xiang hui seem to have beat them to it as they will soon open a lithium batt factory in Nakuru (in your face zain style) http://bit.ly/d4Qs5c robertyawe wrote: Merali is likely to sell off his holding in Eveready and likely to a Chinese manufacturer looking to penetrate the EA market. That said if the chineese were to make a move and the thing hits 10 bob....dont quote me I may be wrong..but then I could be right
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kiragumwangi		#28 Posted : Wednesday, September 08, 2010 2:53:02 PM
Rank: Member Joined: 1/16/2009 Posts: 3		A quick look at the the company's fundamentals between 2005 and 2009 shows + sales fell by 27 per cent + net profit margin fell from a low 12 per cent to a meagre 2.5 per cent + EPS value fell from Ksh 0.9 to Ksh 0.14 (a massive 84 per cent decline) + DPS fell from Ksh 0.7 to nought BUT + quick ratio remained steady at 0.6 + gearing actually fell from 27 per cent to 16 per cent. + PE ratio stood at 30 in Sept. 2009 and today stands at a massive 46 There seems to be a disconnect between the company fundamentals and market fundamentals. A growth company is not necessarily a growth stock. Evidently here a declining company (going by sales values) is proving to be a growth stock. Lots of sentiment investors out there continuing to believe in the fortunes of this company.
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sparkly		#29 Posted : Wednesday, September 08, 2010 3:02:38 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		@kiragu has the stock grown between 2005-2009? Life is short. Live passionately.
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Wa_ithaka		#30 Posted : Wednesday, September 08, 2010 3:09:05 PM
Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi		The title of thread is just bs. You can't use fundamental and Everyday in the same sentence unless you are suggesting Everready harbours fundamentalists. The Governor of Nyeri - 2017
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kiragumwangi		#31 Posted : Wednesday, September 08, 2010 3:21:52 PM
Rank: Member Joined: 1/16/2009 Posts: 3		My earlier statement 'There seems to be a disconnect between the company fundamentals and market fundamentals' should actually have read '... a disconnect between the company fundamentals and market sentiment'. On the backdrop that the company will be diversifying its product offer to include baby care products one wonders whether venturing into such an untested market only increases the company's risk profile. Its 2009 report pitted short-term borrowings (read payable within a year) of Ksh 362 million against cash reserves of Ksh 62 million. I'd like to know how that was resolved. Thus significant financial risk for this company prevails in a declining market. For some reason the market seems to have turned the proverbial blind eye.
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kiragumwangi		#32 Posted : Wednesday, September 08, 2010 3:32:37 PM
Rank: Member Joined: 1/16/2009 Posts: 3		@sparkly. I am actaully going by its PE ratios (a reflection of market sentiment regarding this particular stock) between '09 and '10 which has risen. Stock price drop (as opposed to PE ratio) in that or any other period could have been down to an overall declining market (read recession or global financial crisis or bear market)affecting all stocks. This would be exemplified in a declining benchmark index as has been the case in the last two years. Point being although Eveready stock may have declined over recent times it continues to post a healthy PE ratio which shows that investors continue to believe in the stock performance if not the company performance. Hence the statement a growth stock is not necessarily a growth company
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the deal		#33 Posted : Wednesday, September 08, 2010 6:58:31 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Somebody here said paka will start manufacturing condoms how far is that?
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youcan'tstopusnow		#34 Posted : Wednesday, September 08, 2010 7:07:16 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		the deal wrote: Somebody here said paka will start manufacturing condoms how far is that? If they call the condoms paka, that will be neat! GOD BLESS YOUR LIFE
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VituVingiSana		#35 Posted : Wednesday, September 08, 2010 7:18:21 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi		the deal wrote: Somebody here said paka will start manufacturing condoms how far is that? Then there are those toys they can sell... and which need batteries... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sheep		#36 Posted : Wednesday, September 08, 2010 7:33:22 PM
Rank: Veteran Joined: 7/24/2008 Posts: 781		Energizer bunny 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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youcan'tstopusnow		#37 Posted : Monday, November 22, 2010 6:07:09 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		How low can this baby go? 2.50? Nothing good fundamentally with this company. Some guys are speculating in poor companies in the hope that they will be bought e.g hoping that some Chinese will pop up to 'save' Eveready (possible) But I feel that it would be a better choice to speculate on stronger well managed companies which could also be subject to a takeover e.g. HF, NBK. This way, if a takeover is not forthcoming, the company can still perform. Better than clinging on to cats down to their 9th life. By the way, the share has lost 25 p.c since this topic was started. Same as Mumias (2 worst price drops since Sep 3rd) GOD BLESS YOUR LIFE
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VituVingiSana		#38 Posted : Monday, November 22, 2010 6:11:10 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi		At least Mumias has a chance... Paka is NeverReady... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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YOUNG ECONOMST		#39 Posted : Monday, November 22, 2010 6:38:16 PM
Rank: New-farer Joined: 11/11/2010 Posts: 65 Location: NRB		Its the high time they changed the name from Eveready to Daipeready. Its like a daiper which has been used and ready for disposal. Happy to join this family. "The opportunity of a lifetime must be seized during the lifetime of the opportunity."
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youcan'tstopusnow		#40 Posted : Monday, November 22, 2010 7:13:16 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		VituVingiSana wrote: At least Mumias has a chance... Paka is NeverReady... TRUE! We can't even begin to compare the two. I was just alluding to the sharp drop in Panya's share price GOD BLESS YOUR LIFE
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