I see blood on the streets for this company very soon

Express Kenya largely benefited from EABL tenders to transport beer to Rwanda and Congo etc. The contract worth over 2 billion has now been terminated and awarded fully to DHL (is Kirubi in this one?).

Actually, EABL has outsourced the distribution for its beer to DHL.

For Express Kenya, it is like Scangroup losing Airtel advertising deal in Africa.

If you can, dump the share to bail out before it is too late.

Is it just me or is that profit warnings are the in thing nowadays. Some of these Co.s need de-listing including Safcom. Those Leyland city hoppers frm Express zisha-beat!

@Milken

Thanks for the information. That is why I love sharing the little from the bourse vineyard and although much might be from nowhere, the smart guys are able to pick serious information from mass data available around us.

@Cde Monomotapa

With matatu saccos for everybody, city hopper, KBS and city shuttle will have a hard time as their nitche market will be encroached on by the Sacco busses. Express Kenya is being threatened from all sides. What is the average age of the Board of Directors of this company?

By the way guys, am not a young man. So, don't tell me I will also grow old. I believe in letting my sons and daughters run the show once they hits 21 and take full charge by the time each hits 30 so that I can guide them when I am alive.

In other words, I don't hate old people, I simply hate their desire to stick to managing affairs even when their brain power is on the wane.

I always ask my dad why many fathers took their children to University but never allow them make learned decisions to improve the family status blah blah blah. He never fails to remind me that it was just the other day he was cleaning my rearend cauze I could not do it on my own.

Profits will be more than 75% lower compared to 2013 i.e. a loss.
But not to worry, don't sell your shares yet, its moving into real estate.

Please be reminded that FY13 they made a profit of Kshs. 229,000.00 LINK

I hope the FY13 earnings will not be re-stated