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  #1 (permalink)  
Old 27th April 2007, 12:05 AM
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Default Champion Breweries

To the gurus in the house, what's your take on Champion Breweries?

Quote:
The Punch
Champion Breweries to recapitalise
By Goddy Egene
Published: Thursday, 26 Apr 2007

Strong indications have emerged that Champion Breweries Plc will soon access the capital market for funds via a Rights Issues.

Capital market sources hinted that the planned recapitalisation would enable the management improve on the company’s dwindling financial performance and its inability to pay dividend to its shareholders for sometime.

Champion Breweries, which returned to profitability in 2001 after a restructuring of debt owed to Akwa Ibom State Government, among others, was posting record operational performance, until recently when its performance began to decline.

However, in order to improve its performance, the company is to issue 1.5billion ordinary shares of 50 kobo limited to shareholders whose names appeared in the registers of members as at July 28, 2006, at a yet to be to be determined price. The stock sold for N13.31 per share on Wednesday.

http://www.punchontheweb.com/Articl....07042522365115
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  #2 (permalink)  
Old 30th December 2007, 11:30 PM
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Has any1 got new updates as regards the champion breweries offer. Its taking quite some time and wt inter breweries still doin 5% daily increase post TS i'm sure quite a lot of ppl are as earger as myself to see the offer docs 4 champion brewery
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Old 31st December 2007, 08:57 AM
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One thing you can be sure of is that people 'dey shack 4 Naija ' so brewery stocks might not be a bad idea esp bcos of the present economic (or should I say financial) boom. Let's see what we can find out.
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Old 1st January 2008, 02:15 AM
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Uh uh, we got a problem! The last time Champion Breweries made a profit was in 2004 (N143m). This year (2007), it will make a loss of over N300m. But I guess this also has its positive side.
See Quoted Companies
But from the Punch article
Quote:
...However, in order to improve its performance, the company is to issue 1.5billion ordinary shares of 50 kobo limited to shareholders whose names appeared in the registers of members as at July 28, 2006, at a yet to be to be determined price...
, it seems those of us who dont have shares there aready have nothing to gain either way except we rush in and buy now.
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Old 2nd January 2008, 01:35 PM
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Yeah its a rigths issue they r plannin, i'd still like 2 see the circular 2 know d new strategic investor (if any) and decide on future position as there's bound to be some liquidity when the rights are listed
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Old 25th March 2008, 08:07 AM
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Default Low volumes traded and number of transactions

Given the low volumes of Champion Breweries shares traded daily and the few associated number of transactions, one wonders what is keeping the price static at N3.30 if teh current sentiment in the market is anything to go by.
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Old 25th March 2008, 09:15 AM
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Quote:
Originally Posted by Rapidresult View Post
Given the low volumes of Champion Breweries shares traded daily and the few associated number of transactions, one wonders what is keeping the price static at N3.30 if teh current sentiment in the market is anything to go by.
Its still on suspension
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Old 26th March 2008, 04:30 PM
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Quote:
Originally Posted by newton View Post
Its still on suspension
Why is it on suspension and when was it?
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  #9 (permalink)  
Old 26th March 2008, 05:01 PM
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Quote:
Originally Posted by Rapidresult View Post
Why is it on suspension and when was it?
I think there were supposed to do a RIGHTS offer or something and it has been on suspension for a while now (maybe a year?)
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Old 26th March 2008, 05:20 PM
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Hispy99 pls can you tell us all you know about CB. The only thing I heard sometime ago was that the Present Governor of Anambra State wants to revive the company in collaboration with 4 other south east governors who are all shareholders to the company.
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Old 1st April 2008, 08:51 PM
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Quote:
Originally Posted by nezvest View Post
Hispy99 pls can you tell us all you know about CB. The only thing I heard sometime ago was that the Present Governor of Anambra State wants to revive the company in collaboration with 4 other south east governors who are all shareholders to the company.
Champion Breweries is in Uyo Akwa Ibom State, whereas you are refering to Premier Brewery in far away Onitsha.
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Old 3rd April 2008, 02:57 PM
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Default premier breweries.

the problem with premier breweries.
the major share holder is no longer anambra state cos the over 45% stake of the state was sold to the chairman of the company by one former military administator of the state. the governor, mr peter obi is trying to revive the company by partnering with castle beer south africa but the chairman is thwarting all his effort. the chairman is just saying that mr peter obi want to take the company from him. for now the company is just empty structures and the chairman is in control not state government.

i will keep an eye on them and will alert the house on any developement.
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Old 10th April 2008, 09:31 PM
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so what can we categorically say about cb, who's will handle the pp?
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Old 31st October 2008, 03:08 PM
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Default Re: Champion Breweries

CHAMPION BREWERIES PLC
ANNUAL AUDITED ACCOUNT FOR THE PERIOD 02-01-2007 TO 31-12-2007
2007 2006
TURNOVER N1.623b N1.103b
LOSS/PROFIT BEFORE TAXATION (N330.737m) (N422.544m)
PROFIT AFTER TAXATION (N330.737m) (N422.544m)
RETAINED EARNINGS (N330.737m) (N422.544m)
BALANCE SHEET INFORMATION
FIXED ASSETS N3.369b N2.986b
STOCK N1.401b N676.094m
TRADE DEBTORS N251.667m N128.664m
CASH AND BANK BALANCES N15.091m N23.334m
OTHER DEBIT BALANCE N328,000 N420,000
TRADE CREDITS N198.863m N184.721m
SHORT TERM BORROWINGS N94.253m N267.689m
OTHER CREDIT BALANCES N3.819b N2.084b
WORKING CAPITAL N2.442b N1.723b
NET ASSETS N916.985m N1.247b
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Old 13th October 2009, 07:56 PM
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Default Re: Champion Breweries

Turnover PBT PAT
N'000 N'000 N'000
30-Jun-09 6 Mths N642,059 (N71,727) (N71,727)
30-Jun-08 6 Mths N744,943 (N276,183) (N276,183)
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Last edited by hispy99; 13th October 2009 at 07:59 PM.
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Old 13th October 2009, 10:30 PM
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Default Re: Champion Breweries

Quote:
Originally Posted by hispy99 View Post
Turnover PBT PAT
N'000 N'000 N'000
30-Jun-09 6 Mths N642,059 (N71,727) (N71,727)
30-Jun-08 6 Mths N744,943 (N276,183) (N276,183)
are they exempted from Tax? and it looks like people just stopped drinking their beers within the last year.
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Old 14th October 2009, 10:49 AM
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Default Re: Champion Breweries

Quote:
Originally Posted by twentypercent View Post
are they exempted from Tax? and it looks like people just stopped drinking their beers within the last year.
They had a negative PBT and are thus exempted from paying tax for those years... they will have a deferred tax assets which can be used to reduce taxes going forward when they return to profitability.
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Old 14th October 2009, 01:21 PM
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Default Re: Champion Breweries

Is the stock still on technical suspension ? Do they still intend do a PO/PP ?
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Old 16th October 2009, 02:39 AM
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Default Re: Champion Breweries

Quote:
Originally Posted by londoncool View Post
Is the stock still on technical suspension ? Do they still intend do a PO/PP ?
PO/PP for Champion breweries? I don't see how that can succeed. Maybe a rights issue.
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Old 20th November 2009, 05:34 AM
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Default Re: Champion Breweries

Champion Breweries extends products’ presence in six South-South states | Vanguard
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