Results - http://www.rich.co.ke/rcdata/company.php?i=NTI%3D

My fren, hapa you will burn to recognition. Run while you can

With a post-dividend cost basis of under kshs 1 per share, do I look like I am in a hurry to run anywhere any time soon? Talk to me in ten years!

Horton, you are missing the point completely, brother. The woes of EVRD are well known. The question is, is this a turnaround situation? I.e. have they tweaked their business model to make drastic changes compared to what they were doing the prior ten years? The answer is a resounding YES. They have (at long last) stabilized their balance sheet. They have also dropped the suicide deal with Energizer Intl (three cheers..hip hip hooray!) that made them prisoners of pricing controls and product strategies set in New York!

Oh yes, I am very very familiar with TURBO batteries. They are safely nestled everywhere including in my TV remote, powering kila kitu nywee. Super long lasting and very reliable. Clorox (very high quality brand compared to Jik which destroys clothes) is also relaxing in the laundry room as we speak. Works very well and leaves a nice scent on whites. Everclear needs time, brother..it's a new brand. It will pick up in due course. Now shareholders need to light a fire under management's bee-hinds to reduce those administrative costs and this company will be back on a roll.

Eveready has no business to speak of. Their dry cell manufacturing business is now obsolete.

For now they are just a general distributorship company and doing very badly at it;

1. Paltry sales of 300m per annum. There are hundreds if not thousands of private businesses doing turnover of 300m and above.

2. Razor thin gross margins of 25% far cry from the 40%-70% gross margins enjoyed by manufacturers.

3. Huge overheads in the region of 300m per annum. Seriously who incurs overhead costs as much as the annual sales?

If I was management, I would delist the company immediately to save on the compliance costs related to listing at nse; Sell all non-core assets; declare all staff redundant then invest in a new line of business like logistics.

Sparkly,

Of course I do not expect you to say anything positive about a stock that munched much of your bank account in the past. Be patient. Besides the glaring contradiction above, let's remember a few things;

1. Remember this was the first year post the suicide deal, and with brand new products. 300m is not child's beans my fren. Try launching your new product and making the same.

2. Remember that year was in an election year when most businesses except price inelastic ones like Safcom did really bad.

3. Remember gross margins for companies that are distributors and for manufacturers are two totally different animals. Regardless, 25% is a pretty penny in any sector.

4. I agree with you on overheads. They need to retrench and retrench fast, and control all their fixed costs. These surely cannot be allowed to be growing when the company isn't making the type of operating profits that it should be making. Once that happens and earnings pop as TURBO entrenches itself in the market, this company is good to go.

The stock slumped the day after the profit news came out then soared back with crazy demand the next day with buy orders trumping sell orders by like 3 to 1.

Regardless of how this thing moves in the coming months I am in it for the long haul. If you have any shares you are disposing of since you hate this company with a passion please send to me

A new Chamis is born at nse! A developing case study for generations to come.

Convert "elders" by asking them to sell him any EVRD stock they may have? .
That's warped logic, my fren. What "elders" (and youngsters) do with their time and money is their business. That's the free market defined, no?

This one is destined to be another ADSS

The founders of wazua did a good job.I share in their vision and aspiration of this site.There must be a good reason as to why they chose things that way.Wee kama unaona ni comedy,si uanzishe yako uweke mambo vile unataka? Otherwise wazua is good.We learn from each other within what we know.And learning takes place where there is humility.