Nigerian Breweries

[AG Dickson]

Hi ken,thanks 4 ur help... Thanks 4 ur advice cus it 2 kuk beyound d companys present status, it dis ideal i ve dat made me also buy into dis dangote sugar stocks,but ken i don't give attn 2 dis bankin stocks N its fixed deposits<wat do think>Can u recommend 4 me A good N Compitent stock broker?@All dsame thank again 4 ur help...
@LEGACY WORLD.

[c kenneths]

Originally Posted by AG Dickson

Hi ken,thanks 4 ur help... Thanks 4 ur advice cus it 2 kuk beyound d companys present status, it dis ideal i ve dat made me also buy into dis dangote sugar stocks,but ken i don't give attn 2 dis bankin stocks N its fixed deposits<wat do think>Can u recommend 4 me A good N Compitent stock broker?@All dsame thank again 4 ur help...
@LEGACY WORLD.

Stockbrokers, like everything else in life have grades. The more the starting deposit, the more class. If you can afford it then go for ZSL, BGL or CSL. Bye.

[c kenneths]

Watch this stock, whatever made it to gain fully yesterday may be strong, seems insiders strenghtening their position ahead of a bumper harvest.

[migiets]

Originally Posted by c kenneths

Watch this stock, whatever made it to gain fully yesterday may be strong, seems insiders strenghtening their position ahead of a bumper harvest.

I think it might have to do with the interim dividend 0f N1.30. The closure of register is June 22-26, 2009 while payment date is July 2, 2009. Iam sure people are loading up in order to benefit.

[c kenneths]

Originally Posted by migiets

I think it might have to do with the interim dividend 0f N1.30. The closure of register is June 22-26, 2009 while payment date is July 2, 2009. Iam sure people are loading up in order to benefit.

The stock gained up to N2.50 yesterday alone. You mean people are ready to add N2.50 to get paid N1.30?

[AG Dickson]

Originally Posted by c kenneths

The stock gained up to N2.50 yesterday alone. You mean people are ready to add N2.50 to get paid N1.30?

All that glinter's isn't gold,the movement of d stock could just be as a result of dis divident afterwhich drops drasticaly.**True Gold last long**@ LEGACY WORLD.

[hardrock_niga]

Originally Posted by c kenneths

The stock gained up to N2.50 yesterday alone. You mean people are ready to add N2.50 to get paid N1.30?

Foreign investors through mutual funds dedicated to Frontier emerging markets are out for Guiness, NB, Zenith and First bank, most of the mutual funds flyers for frontier emergibg markets are giving these companies in nigeria high valuations

[lincoln]

Originally Posted by c kenneths

The stock gained up to N2.50 yesterday alone. You mean people are ready to add N2.50 to get paid N1.30?

My N2.50 kobo will better remain under my pillow

[migiets]

Originally Posted by lincoln

My N2.50 kobo will better remain under my pillow

Where is your house so that i can direct the rats that have been disturbing us in my compound to your house to have a good meal of the N2.50 kobo under your pillow?. In this credit crunch, half a loaf will be better than nothing.. Seriously speaking, the market is made up of Investors and Traders. A trader will not see any reason why he/she should spend N2.50 to get N1.30. Do not forget also that some people have made this stock their retirement stock and they depend on the dividend and interim dividend. The interim dividend of NB has helped me out some very tight financial situations on several occasions. Here is something to ponder: Will a major shareholder ever sell his NB even if it gets to N200.00?.

[c kenneths]

Originally Posted by migiets

Where is your house so that i can direct the rats that have been disturbing us in my compound to your house to have a good meal of the N2.50 kobo under your pillow?. In this credit crunch, half a loaf will be better than nothing.. Seriously speaking, the market is made up of Investors and Traders. A trader will not see any reason why he/she should spend N2.50 to get N1.30. Do not forget also that some people have made this stock their retirement stock and they depend on the dividend and interim dividend. The interim dividend of NB has helped me out some very tight financial situations on several occasions. Here is something to ponder: Will a major shareholder ever sell his NB even if it gets to N200.00?.

Most major shareholders dont sell, they continue to accumulate. But they wont start buying more of the stock now that it gained before a result gets out.

[hispy99]

NIGERIAN BREWERIES PLC PERIOD ENDED 30TH SEPTEMBER 2009 FORECAST PROFIT AND LOSS ACCOUNTS INFORMATION

TURNOVER 09 N120.268b
PROFIT BEFORE TAXATION 09 N28.976b
FORECAST TAXATION 09 (N9.295b)
PROFIT AFTER TAXATION 09 N19.680b

[X-2-X]

There was talk of NB paying interim dividends but I didnt see the Q1 results from which these dividend are supposedly being paid.

Anybody has a link to their Q1 2009 results please?

[hispy99]

Originally Posted by X-2-X

There was talk of NB paying interim dividends but I didnt see the Q1 results from which these dividend are supposedly being paid.

Anybody has a link to their Q1 2009 results please?

Don't think Q1 result has been released, or maybe we both missed it?

[wondas]

The unaudited result is yet to be released but an interim dividend of N1:30k was announced with closure date as June 22, 2009.

[funshy76]

Originally Posted by c kenneths

Stockbrokers, like everything else in life have grades. The more the starting deposit, the more class. If you can afford it then go for ZSL, BGL or CSL. Bye.

Hi Ken,

You are a star. I have been following your trend of conversation and i was just about to ask the same question.

I live abroad, my present stockbroker has made me lose thousands by not taking spot action. Too slow for my likening. No communication, you have to chase her around. I need someone very proactive, up and doing. Someone very good in communication.

I hope those ones you advice are very good. I will change my broker ASAP to one of them.
Thanks once again.

[AG Dickson]

Originally Posted by funshy76

Hi Ken,

You are a star. I have been following your trend of conversation and i was just about to ask the same question.

I live abroad, my present stockbroker has made me lose thousands by not taking spot action. Too slow for my likening. No communication, you have to chase her around. I need someone very proactive, up and doing. Someone very good in communication.

I hope those ones you advice are very good. I will change my broker ASAP to one of them.
Thanks once again.

Hi funshy,
Can u kind of do me a favour by sending me a mail/reply on their terms N charges <i mean>your intended stock.B.
Rely app a mail@dadslegacy4me@yahoo.Com

[funshy76]

Thanks. I have sent you a mail.

[hispy99]

NIGERIAN BREWERIES PLC INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 30TH JUNE 2009

TURNOVER 09 N82.691b 08 N68.053b
PROFIT BEFORE TAXATION 09 N24.631b 08 N18.143b
TAXATION 09 (N7.776b) 08 (N5.805b)
PROFIT AFTER TAXATION 09 N16.855b 08 N12.337b
BALANCE SHEET INFORMATION
FIXED ASSETS 09 N67.260b 08 N61.577b
STOCK 09 N22.244b, 08 N20.534b
TRADE DEPTORS 09 N6.095b 08 N7.024b
CASH AND BANK BALANCES 09 N8.638b 08 N9.695b
OTHER DEBIT BALANCES 09 N1.278b 08 N1.041b
OTHER CREDIT BALANCES 09 N70.041b 08 N59.063b
WORKING CAPITAL 09 (N15.027b)08 (N6.742b)
NET ASSETS 09 N35.475b 08 N40.778b

[utuocha]

What a superlative result. My take is that Nigerian Breweries will hit N60 in the coming days. Everyone should watch out for this stock!

[c kenneths]

Originally Posted by utuocha

What a superlative result. My take is that Nigerian Breweries will hit N60 in the coming days. Everyone should watch out for this stock!

In the face of recent developements, I think its better to work from the known to the unknown. This stock is the omly one I have my eyes on now, others will need serious scrutiny.