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Eveready 2010 full yr results
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Surealligator
#1 Posted : Wednesday, March 30, 2011 10:28:42 AM
Rank: User


Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
Eveready super nine loses its swagger further

Turnover down by KShs.10M from KSh.1,645M in 2009 to KShs. 1,635M in 2010.

Total operating costs declined by KShs.79 M, a reduction of 19% due to lay-offs and slowed production .

Gross margin went up by only 4 percentage points to 24% due to the influences of a depressed Kenya shilling and the impact of an increase in the cost of Zinc which cost the company KShs. 40M.

Profit before tax down by a massive 65% to KShs.14.7M compared to the same period last year.

Profit after-tax down to a measly KShs. 8.7M from KShs.28M in 2009, 69% drop.

Basic and diluted earnings per share hit Kshs.0.04 down from KShs.0.13 recorded in 2009.

The directors recommended a Mbuzi at the companies premises on May 19 instead of paying a a dividend.

Shareholder funds grew by a meager 2.2% to KSh.403M.

The Annual General Meeting will be held on Thursday May 19,2011 at 11.00 am at the Company factory premises.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mkonomtupu
#2 Posted : Wednesday, March 30, 2011 10:36:01 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
At the current price of 2.25 it's so overvalued with a p/e of 56. The ideal price is 0.5/= or less
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Muthawamunene
#3 Posted : Wednesday, March 30, 2011 10:37:18 AM
Rank: Member


Joined: 1/3/2011
Posts: 264
Location: Nairobi
Surealligator wrote:
Eveready super nine loses its swagger further

Turnover down by KShs.10M from KSh.1,645M in 2009 to KShs. 1,635M in 2010.

Total operating costs declined by KShs.79 M, a reduction of 19% due to lay-offs and slowed production .

Gross margin went up by only 4 percentage points to 24% due to the influences of a depressed Kenya shilling and the impact of an increase in the cost of Zinc which cost the company KShs. 40M.

Profit before tax down by a massive 65% to KShs.14.7M compared to the same period last year.

Profit after-tax down to a measly KShs. 8.7M from KShs.28M in 2009, 69% drop.

Basic and diluted earnings per share hit Kshs.0.04 down from KShs.0.13 recorded in 2009.

The directors recommended a Mbuzi at the companies premises on May 19 instead of paying a a dividend.

Shareholder funds grew by a meager 2.2% to KSh.403M.

The Annual General Meeting will be held on Thursday May 19,2011 at 11.00 am at the Company factory premises.


Made me laugh ha ha, then ti hi hi, then he he he. Eti mbuzi?
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Muthawamunene
#4 Posted : Wednesday, March 30, 2011 10:39:07 AM
Rank: Member


Joined: 1/3/2011
Posts: 264
Location: Nairobi
Surealligator wrote:
Eveready super nine loses its swagger further

Turnover down by KShs.10M from KSh.1,645M in 2009 to KShs. 1,635M in 2010.

Total operating costs declined by KShs.79 M, a reduction of 19% due to lay-offs and slowed production .

Gross margin went up by only 4 percentage points to 24% due to the influences of a depressed Kenya shilling and the impact of an increase in the cost of Zinc which cost the company KShs. 40M.

Profit before tax down by a massive 65% to KShs.14.7M compared to the same period last year.

Profit after-tax down to a measly KShs. 8.7M from KShs.28M in 2009, 69% drop.

Basic and diluted earnings per share hit Kshs.0.04 down from KShs.0.13 recorded in 2009.

The directors recommended a Mbuzi at the companies premises on May 19 instead of paying a a dividend.

Shareholder funds grew by a meager 2.2% to KSh.403M.

The Annual General Meeting will be held on Thursday May 19,2011 at 11.00 am at the Company factory premises.


Made me laugh ha ha, then ti hi hi, then he he he. Eti mbuzi?
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amolo
#5 Posted : Wednesday, March 30, 2011 10:44:58 AM
Rank: Member


Joined: 1/29/2007
Posts: 70
Directors are becomong increasingly innovative. Well, a Mbuzi is better than a bottle of mineral water, and guys lets attend the AGM, a plate of mbuzi meat is definitely worthy more than my total holdings of 1000 shares, that might be the only thing i'll ever benefit from my investment there!
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Impunity
#6 Posted : Wednesday, March 30, 2011 10:59:08 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Mbuzi choma

Please weka link.

Can one qualify for a mbuzi by owning say 100 shares worth Kes. 250?

I need to buy some today?
smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Lolest!
#7 Posted : Wednesday, March 30, 2011 11:08:33 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Impunity wrote:
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Mbuzi choma

Please weka link.

Can one qualify for a mbuzi by owning say 100 shares worth Kes. 250?

I need to buy some today?
smile


The company premises are in Nakuru. You'll travel all that way for a bite?(btw, Should I say premises are or premises is?)

If I had Eveready shares, I'd sell them and buy myself a cup of coffee.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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amolo
#8 Posted : Wednesday, March 30, 2011 11:20:10 AM
Rank: Member


Joined: 1/29/2007
Posts: 70
Yes, I'll travel to Nakuru. I'll be selling rotten eggs at the entrance and am sure these will be in high demand. That's how I hope to recover my expenses. I'd have sold stones but this might be illegal!
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lovely2010
#9 Posted : Wednesday, March 30, 2011 11:38:09 AM
Rank: Member


Joined: 10/25/2010
Posts: 519
Location: nairobi
Mbuzi? some of us dont take red meat...waongeze chicken wings...ama omena Im sure they can afford that!!!!
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Surealligator
#10 Posted : Wednesday, March 30, 2011 12:22:20 PM
Rank: User


Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
Lolest! wrote:
[quote=Impunity]Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Mbuzi choma

Please weka link.



http://www.google.co.ke/...pEg&ved=0CBwQ9QEwAg

http://www.flickr.com/ph...rkygourmand/3459082351/
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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the deal
#11 Posted : Wednesday, March 30, 2011 12:28:05 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
EPS 0.04 delisting is the only solution to this chronic losses.
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mlennyma
#12 Posted : Wednesday, March 30, 2011 12:56:24 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
Eveready is un able to compete with the simple chemists in town profit wise,diversify or die.
"Don't let the fear of losing be greater than the excitement of winning."
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ecstacy
#13 Posted : Wednesday, March 30, 2011 1:02:00 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
Surealligator wrote:
Eveready super nine loses its swagger further

Turnover down by KShs.10M from KSh.1,645M in 2009 to KShs. 1,635M in 2010.

Total operating costs declined by KShs.79 M, a reduction of 19% due to lay-offs and slowed production .

Gross margin went up by only 4 percentage points to 24% due to the influences of a depressed Kenya shilling and the impact of an increase in the cost of Zinc which cost the company KShs. 40M.

Profit before tax down by a massive 65% to KShs.14.7M compared to the same period last year.

Profit after-tax down to a measly KShs. 8.7M from KShs.28M in 2009, 69% drop.

Basic and diluted earnings per share hit Kshs.0.04 down from KShs.0.13 recorded in 2009.

The directors recommended a Mbuzi at the companies premises on May 19 instead of paying a a dividend.

Shareholder funds grew by a meager 2.2% to KSh.403M.

The Annual General Meeting will be held on Thursday May 19,2011 at 11.00 am at the Company factory premises.


LMAO! Is it that hopeless? Innovation & expansion to other markets?
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Impunity
#14 Posted : Wednesday, March 30, 2011 3:39:50 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Na hiyo mbuzi watengeneza wet fry too.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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'user'
#15 Posted : Wednesday, March 30, 2011 3:47:44 PM
Rank: Veteran


Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
with my 200 shares I will attend this.This is the highest return to ever get from paka.
2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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youcan'tstopusnow
#16 Posted : Wednesday, March 30, 2011 4:10:56 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Instead of Kenyans recycling condoms, the govt. has decided to import 73 million of them. Eveready could look for a partnership with the govt.smile
GOD BLESS YOUR LIFE
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Cde Monomotapa
#17 Posted : Wednesday, March 30, 2011 10:45:00 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
After a long day...this just what i need..a big LOL!
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QW25071985
#18 Posted : Wednesday, March 30, 2011 10:55:37 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
Surealligator wrote:
Eveready super nine loses its swagger further

Turnover down by KShs.10M from KSh.1,645M in 2009 to KShs. 1,635M in 2010.

Total operating costs declined by KShs.79 M, a reduction of 19% due to lay-offs and slowed production .

Gross margin went up by only 4 percentage points to 24% due to the influences of a depressed Kenya shilling and the impact of an increase in the cost of Zinc which cost the company KShs. 40M.

Profit before tax down by a massive 65% to KShs.14.7M compared to the same period last year.

Profit after-tax down to a measly KShs. 8.7M from KShs.28M in 2009, 69% drop.

Basic and diluted earnings per share hit Kshs.0.04 down from KShs.0.13 recorded in 2009.

The directors recommended a Mbuzi at the companies premises on May 19 instead of paying a a dividend.

Shareholder funds grew by a meager 2.2% to KSh.403M.

The Annual General Meeting will be held on Thursday May 19,2011 at 11.00 am at the Company factory premises.


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly . what the heck is this company going ??????? i mean even with a rebounding economy they cannot post a profit.??????

this results are so ponographic they shld have come with a warning PG 35 . my goodness.
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Cde Monomotapa
#19 Posted : Wednesday, March 30, 2011 11:35:23 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Wapi Genghis Khan. Still need more similar fact evidence on EA Cables?
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MIKEnya
#20 Posted : Thursday, March 31, 2011 1:48:43 PM
Rank: Hello


Joined: 3/31/2011
Posts: 4
Location: Mogadishu
Does anyone have any idea why so many of us are queing to purchase this counter at >= 2.35 ? This is one of the few counters were price went up after results. It had the worst results.

May be there is something we don't know.
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