Nigerian Breweries

[pumping]

Originally Posted by cashrules

Very true..... This is the peak of the raining season where the shacking of alcohol is at the lowest!!!

Just look out for the 4th quarter result... am sure it would be a blast!!! After all all the 'Owambe and Igbankwu' that would happen this year end na 'shine shine' boys go take arrange naa!

On a sad note, just found out that my small cousin who is about 14yrs and his 2 friends do close to a carton of Star daily!!

Chei...did they learn this from you? Seriously they need talking to abeg.

[hispy99]

Originally Posted by pumping

See the part in bold. The variation here was not as much as what we have seen now but I hope you are right.

The higher variation might actually be a good thing.

[hispy99]

Originally Posted by cashrules

Very true..... This is the peak of the raining season where the shacking of alcohol is at the lowest!!!

Just look out for the 4th quarter result... am sure it would be a blast!!! After all all the 'Owambe and Igbankwu' that would happen this year end na 'shine shine' boys go take arrange naa!

On a sad note, just found out that my small cousin who is about 14yrs and his 2 friends do close to a carton of Star daily!!

this one serious o, where dem dey get money buy one carton a day?

[hispy99]

Nigeria’s brewers grow revenues by 25% in 2009

[hispy99]

Market info....

Nigerian breweries plc nine months ended 30th september 2009 corporate action proposed interim dividend n1.50kobo

closure of register january 27th 2010
payment date february 8th 2010

[pumping]

Originally Posted by hispy99

Market info....

Nigerian breweries plc nine months ended 30th september 2009 corporate action proposed interim dividend n1.50kobo

closure of register january 27th 2010
payment date february 8th 2010

Not bad. 10% dividend yield pro-rata....

[williamschichi]

Originally Posted by pumping

Not bad. 10% dividend yield pro-rata....

Please is this stock a good but at now?

[pumping]

Originally Posted by williamschichi

Please is this stock a good but at now?

Long term, I will vouch for this stock.

[X-2-X]

Originally Posted by pumping

Not bad. 10% dividend yield pro-rata....

Oga pumping. Pls how did you arrive at 10% yield?

[pumping]

Originally Posted by X-2-X

Oga pumping. Pls how did you arrive at 10% yield?

No vex. I can't figure this out again. Even the earnings yield is 6.5%. I think I wrongly projected this on a quarterly basis.

[hispy99]

Nigerian Breweries sees Q1 pretax of 11.7 bln naira | News by Country | Reuters

[hispy99]

Nigerian breweries plc proposed a final dividend payment of 89kobo per share. Closure date: March 12th, 2010; payment date: May 20th, 2010.

[migiets]

Originally Posted by hispy99

Nigerian breweries plc proposed a final dividend payment of 89kobo per share. Closure date: March 12th, 2010; payment date: May 20th, 2010.

Is the financial year ended December 2009 result out?. This is rather confusing. How can they pay a final dividend when audited result for the financial year has not been released. Please shed more light.

[hispy99]

Meristem Report

[knightofdelta]

Originally Posted by migiets

Is the financial year ended December 2009 result out?. This is rather confusing. How can they pay a final dividend when audited result for the financial year has not been released. Please shed more light.

That is the latest trend in NSE, which started sometime last year. Some companies will just give some interim or final dividends/bonus and provide results 3 months later after closure date.. it is confusing.

[Gengen]

Originally Posted by knightofdelta

That is the latest trend in NSE, which started sometime last year. Some companies will just give some interim or final dividends/bonus and provide results 3 months later after closure date.. it is confusing.

Could this be attributed to the revised financial year ends of banks being December? Maybe most of the reputable ones are now engaged by banks. Also, with the Sanusi era, auditing may now be taken more seriously by the auditors / company being audited.

[hispy99]

TURNOVER PBT TAX PAT
N'000 N'000 N'000 N'000
31-Dec-09 FY N164,206,848 N41,399,796 (N13,489,705) N27,910,091
31-Dec-08 FY N145,461,762 N36,777,860 (N11,818,521) N25,700,593
12.89% 12.57% 8.60%

[hispy99]

Heineken: NB MD Appointed CEO for Mexico

[wanaj0]

Originally Posted by migiets

Is the financial year ended December 2009 result out?. This is rather confusing. How can they pay a final dividend when audited result for the financial year has not been released. Please shed more light.

You can make dividend or bonus announcements anytime. It is however subject to the necessary regulatory and shareholder approvals. Its after the approvals that payment can be made.

Expect delayed audited reports due to the uniform year end by banks. Manufacturing and the insurance companies companies will be hardest hit because of their limited financial power to pay the external auditors.

[migiets]

This stock seems to be on the march again to the 70 Naira mark. I have had some units of this stock for a long time which i average down at 50 Naira. I have refused the temptation to sell because i consider it as a retirement stock. Of recent, i have started considering GTB and First Bank as retirement stocks. My strategy has always been to swap a retirement stock for another retirement stock. Selling this stock for either GTB or First Bank will enable me buy the required quantity that i want of either of them.

NB seems to have refused to breach the 73 Naira mark. So, wetin una advise?.

Disclosure: I currently have some GTB bought at 18.01 Naira on monday but lack of funds has prevented me from getting the required quantity.