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The cheapest stock in an overvalued market may still be overvalued |
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The cheapest stock in an overvalued market may still be overvalued |
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The cheapest stock in an overvalued market may still be overvalued |
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The cheapest stock in an overvalued market may still be overvalued |
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NIGERIAN BREWERIES PLC
October 20, 2011 Unaudited Q3 (Sept. 2011) Profit and Loss Information Turnover 30/09/2011 N159.965b 30/09/2010 N130.706b Cost of Sales 11 (N84.249b) 10 (N69.085b) Profit Before Tax 11 N37.282b 10 N31.710b Taxation 11 (N12.455b) 10 (N10.573b) Profit After Tax 11 N24.827b 10 N21.137b Balance Sheet Information Fixed Assets 30/09/2011 N73.926b 31/12/2010 N73.800b Investments 11 N150.000m 10 N150.000m Stocks 11 N29.290b 10 N21.231b Trade Debtors 11 N8.308b 10 N3.491b Cash and Bank Balances 11 N65.361b 10 N12.607b Other Debit Balances 11 N6.270b 10 N3.109b Trade Creditors 11 N25.059b 10 N21.444b Short term Borrowings 11 N42.713b 10 N95.308m Other Credit Balances 11 N50.846b 10 N68.172b Working Capital 11 N10.523b 10 (N4.595b) Net Assets 11 N64.687b 10 N50.172b |
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The cheapest stock in an overvalued market may still be overvalued |
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The cheapest stock in an overvalued market may still be overvalued |
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Nigerian Breweries Plc: Board Resignation and Appointment of Director
December 16, 2011 Nigerian Breweries Plc has notified The Nigerian Stock Exchange of the resignation of one of its Directors, Mr. J.C. van der Linden, with effect from 15th January 2012. This is to enable him take up a new position within the Heineken Group. The Company has also appointed Mr. Walter L. Drenth as a Director to fill the vacancy created by the resignation of Mr. Linden. Mr. Walter L. Drenth is a 1995 Economics graduate of the University of Amsterdam majoring in Marketing Management, Finance, Marketing & Market Research. He also obtained advanced degrees at INSEAD (2007) – HIMAC Advanced Management Course, London Business School (2007) – High Performance People and Leadership Skills. His work experiences include ABN AMRO Bank N.V. Hong Kong September 1993 – January 1994, Brand Manager Impulse Ice Cream, Unilever N.V. October 1995 – December 1998, International Strategy Director, FHV/BBDO Creative Marketing Agency N.V. December 1999 – December 2003. Global Marketing Communications Manager Heineken (Amsterdam) December 2003 – December 2007. Marketing Director Heineken Ireland (ROI and Northern Ireland) January 2008 – present. Mr. Drenth who was born on 5th February 1968 is married with two children.
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The cheapest stock in an overvalued market may still be overvalued |
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"The only Real Wisdom is knowing you know Nothing" - Socrates - The Greek philosopher |
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“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”-William Arthur Ward |
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The cheapest stock in an overvalued market may still be overvalued |
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Quote:
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"The only Real Wisdom is knowing you know Nothing" - Socrates - The Greek philosopher |
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"The only Real Wisdom is knowing you know Nothing" - Socrates - The Greek philosopher |
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NIGERIAN BREWERIES PLC
March 06, 2012 Audited Year-end Results (Dec. 31, 2011) Profit and Loss Information Turnover 31-12-11 N230.123b 31-12-10 N185.862b Cost of Sales 11 (N120.361b) 10 (N98.694b) Selling, Distribution & Admin Expenses 11 (N53.459b) 10 (N42.460b) Other Income 11 N345.125m 10 N259.428m Interest Income 11 N1.329b 10 N183.470m Interest Expense 11 (N1.604b) 10 (N269.836m) Profit before Tax 11 N56.372b 10 N44.880b Taxation 11 (N18.347b) 10 (N14.548b) Profit after Tax 11 N38.025b 10 N30.332b Balance Sheet Information Fixed Assets 31-12-11 N98.428b 31-12-10 N72.719b Investments 11 N150.000m 10 N150.000m Stocks 11 N27.533b 10 N21.231b Trade Debtors 11 N6.884b 10 N3.491b Cash and Bank Balances 11 N21.876b 10 N12.607b Other Debit Balances 11 N61.499b 10 N4.189b Trade Creditors 11 N30.797b 10 N21.353b Short term Borrowings 11 N9.108b 10 N95.308m Other Credit Balances 11 N98.400b 10 N42.768b Working Capital 11 (N8.972b) 10 (N4.595b) Net Assets 11 N78.066b 10 N50.172b DIV=300K;N CD=15/03/12; AGM=16/05/12; PD=17/05/12. |
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"The only Real Wisdom is knowing you know Nothing" - Socrates - The Greek philosopher |
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The cheapest stock in an overvalued market may still be overvalued |
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The cheapest stock in an overvalued market may still be overvalued |
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