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EABL PROFITS TO DECLINE...
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the deal
#1 Posted : Friday, July 09, 2010 2:30:48 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
HOT OF THE PRESS EABL PROFITS WILL DECLINE BY AS MUCH AS A BILLION KSH DUE TO HIGH TAXES AND LOW VOLUMES....www.bloomberg.com...
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Horton
#2 Posted : Friday, July 09, 2010 2:36:53 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
hmm interesting. Saw the article too...dont know....... Kshs.1B is abit too much coz the taxes were jes recently introduced....
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the deal
#3 Posted : Friday, July 09, 2010 3:09:23 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Horton wrote:
hmm interesting. Saw the article too...dont know....... Kshs.1B is abit too much coz the taxes were jes recently introduced....


interesting indeed since some brokers have given EABL a buy recommendation...
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Evolve
#4 Posted : Friday, July 09, 2010 3:37:14 PM
Rank: Member

Joined: 9/25/2007
Posts: 96
Are they referring to revenues or profits? For profits to go down by as much as Kshs 1bn, it means that the revenue may also see a decline of more than kshs 5 bn. Something does not add up as for this would amount to more than 15% shrinkage. But I could be wrong.
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qw25041985
#5 Posted : Friday, July 09, 2010 3:56:47 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
so you are refering to this : http://www.businessweek....ican-alliance-says.html .This is just plain wrong !!!!!!!!!!! how can they have a decline of 1 bln and yet the high taxes were just recently introduced.I am smeling a foul play.Didnt the same Afric a alliance give KCB a sell recommendation and yet the share has been resilient to trade at a stable ksh 17.00 - Ksh 18.00 range.kwani are these guys high on cocaine on a friday...This is just hot air and technically charts are showing a very bullish trend.with supply below Ksh 179.00 being very small.This is a long term stock and Cfc Stanbic bank werent fools when they did a 30 page report on it in June.
Your future depends on your dreams so go to sleep !
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omega
#6 Posted : Friday, July 09, 2010 5:32:46 PM
Rank: Member

Joined: 6/9/2009
Posts: 85
qw25041985 wrote:
so you are refering to this : http://www.businessweek....ican-alliance-says.html .This is just plain wrong !!!!!!!!!!! how can they have a decline of 1 bln and yet the high taxes were just recently introduced.I am smeling a foul play.Didnt the same Afric a alliance give KCB a sell recommendation and yet the share has been resilient to trade at a stable ksh 17.00 - Ksh 18.00 range.kwani are these guys high on cocaine on a friday...This is just hot air and technically charts are showing a very bullish trend.with supply below Ksh 179.00 being very small.This is a long term stock and Cfc Stanbic bank werent fools when they did a 30 page report on it in June.


This analysis is for the year through June 2011, so it makes sense.

http://www.bloomberg.com...ican-alliance-says.html


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sparkly
#7 Posted : Friday, July 09, 2010 7:27:22 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Strange, even the stockbrokers cannot agree. I wouldn't buy at current prices.
Life is short. Live passionately.
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VituVingiSana
#8 Posted : Friday, July 09, 2010 8:25:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
I would not mind some poor reporting by Daily Nation (Business Daily) reporters so the price falls & i can get in cheap!!!

Already enjoying the good life coz of the Kenol gaffe!!! I managed to get the shares at a 5% discount!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#9 Posted : Friday, July 09, 2010 8:55:52 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
I would not mind some poor reporting by Daily Nation (Business Daily) reporters so the price falls & i can get in cheap!!!

Already enjoying the good life coz of the Kenol gaffe!!! I managed to get the shares at a 5% discount!


watch out for NamBrew in the next 5 years...its a giant in the making...at the current PE of 8 its cheap...1H revenue was up 21%...royalties up 50%...then the 15% stake in DHN Drinks a joint venture with Diageo and Heinekken..theyre building a brewery in a SA...
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VituVingiSana
#10 Posted : Friday, July 09, 2010 9:23:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
the deal wrote:
VituVingiSana wrote:
I would not mind some poor reporting by Daily Nation (Business Daily) reporters so the price falls & i can get in cheap!!!

Already enjoying the good life coz of the Kenol gaffe!!! I managed to get the shares at a 5% discount!


watch out for NamBrew in the next 5 years...its a giant in the making...at the current PE of 8 its cheap...1H revenue was up 21%...royalties up 50%...then the 15% stake in DHN Drinks a joint venture with Diageo and Heinekken..theyre building a brewery in a SA...

Chief... stop conning us... It was a pain to buy the shares then I gave up! BTW, I really like NamBrew lakini the illiquidity was what soured me on the NamBrew...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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