Quote:
Originally Posted by hispy99
Got this from a sister abi na brother site
NIGERIAN BOTTLING COMPANY PLC
FULL YEAR ACCOUNTS FOR THE YEAR ENDED DEC 31ST 2007
2007 2006
TURNOVER N68.529b N59.674b
PROFIT BEFORE TAXATION N4.346b N614.489m
PROFIT AFTER TAXATION N3.172b N1.051b
PROFIT AFTER TAXATION AND
MINORITY INTEREST N3.166b N1.042m
PROPOSED DIVIDEND 75K
CLOSURE OF REGISTER MAY 12TH TO 16TH 2008
PAYMENT DATE JUNE 2, 2008
NOTE: AGM EKO HOTEL & SUITES ADETOKUNBO
ADEMOLA STREET VICTORIA ISLAND LAGOS
ON FRIDAY MAY 30, 2008 AT 11 A.M
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The result was good as expected but this kobo kobo dividend, me no find am funny o!
(I wasn't expecting a bonus, but at least they should have given dividend in the naira range)
Will give Roland Ebelt a piece of my mind on the 30th. I should be able to find out from him what the profit/ growth target for 2008/09 will be let me position myself.
Well, with this result and at today's price, NBC has a current EPS of about 2.42 and PE of 23
If they grow their PAT by just 25% (which is very conservative), their forward PE comes to 19 at today's price. fi they grow PAT by 50%, the forward PE comes to 16.
Guys, NBC just entered my Buy recommendation (though would recommend you enter within the 50s range)