Big Treat

[hispy99]

Originally Posted by chokit

I learnt Tantalizer was listed today by introduction but what effect will this have on Big treat? This stock has not being performing well to make invstors happy in my oppinion.

Can't find Tantalizers on my price list for today. Are you sure it was listed?

[hispy99]

Big Treat Q1 March 2008
2008 2007 Change
Revenue 790M 633.9M 24.63%
PBT 71.4M 1.042 29.58%
PAT 48.5M -10M

[newton]

[quote=hispy99;20177]Big Treat Q1 March 2008
2008 2007 Change
Revenue 790M 633.9M 24.63%
PBT 71.4M 1.042 29.58%
PAT 48.5M -10M[/QUOTTE]

Tanx hispy99,

Profit margin seems slim... PBT is just 9% Turnover

[riskreturn]

[quote=newton;20184]

Originally Posted by hispy99

Big Treat Q1 March 2008
2008 2007 Change
Revenue 790M 633.9M 24.63%
PBT 71.4M 1.042 29.58%
PAT 48.5M -10M[/QUOTTE]

Tanx hispy99,

Profit margin seems slim... PBT is just 9% Turnover

Is the share float not 2 billion units? If so, this would translate to forward (i.e., end-2008) EPS of about 10 kobo. What forward P/E ratio is that, at today's closing price of 6.82 Naira? I leave this to you analysts to compute. And some already bought this at the secondary market for over 15 Naira!

[hispy99]

[quote=riskreturn;20186]

Originally Posted by newton

Is the share float not 2 billion units? If so, this would translate to forward (i.e., end-2008) EPS of about 10 kobo. What forward P/E ratio is that, at today's closing price of 6.82 Naira? I leave this to you analysts to compute. And some already bought this at the secondary market for over 15 Naira!

Some bought at the peak - N20.85

[BLUEMONEY]

[quote=hispy99;20190]

Originally Posted by riskreturn

Some bought at the peak - N20.85

may God help those guys.

[hispy99]

Bigtreat: Year End Dec 2007

Big Treat Plc. 2007 Audited Account.

Turnover 07 N3.0b 06 N1.58b

Pbt 07 N353.2m 06 N154.6m

Taxation 07 N107.3m 06 N23.55m

Pat 07 N245.86m 06 N131.0m

Div - 10k.

C/date 07/07/08

P/date 18/07/08.

[BLUEMONEY]

10 kobo dividend is impressive. but the tax they paid is not

[zainabusman]

Originally Posted by BLUEMONEY

10 kobo dividend is impressive. but the tax they paid is not

The tax is fine. They are only paying 30.4%. The company tax rate is 32%. What happened was they paid only 15.2% in 2006 and the chicken has now come home to roost.

As i have said b4 a lot of these companies manipulate their taxes. FIRS has a lot of work to do.

[knightofdelta]

E be like say people no chop bread for 1st quarter. The 1Q results gives me a forward PE of 81 and placing the fair value at N1.72.

The year end results definitely made more sense because the PE based on that comes to 54 making the fair value rise to about N2.64.

I cannot put my money in this stock.

[hispy99]

Originally Posted by knightofdelta

E be like say people no chop bread for 1st quarter. The 1Q results gives me a forward PE of 81 and placing the fair value at N1.72.

The year end results definitely made more sense because the PE based on that comes to 54 making the fair value rise to about N2.64.

I cannot put my money in this stock.

You should eat more Big Treat bread....it is because of people like you that are always eating "Agege" bread that Big Treat is not selling..

[knightofdelta]

Originally Posted by hispy99

You should eat more Big Treat bread....it is because of people like you that are always eating "Agege" bread that Big Treat is not selling..

E be like say you don forget say na only politicians fit afford Big Treat bread

[hispy99]

Shareholders urge Big Treat to raise fresh funds
By Udeme Ekwere
Published: Wednesday, 16 Jul 2008

The shareholders of Big Treat Plc have called on the management of the company to raise fresh funds from the capital market.

Speaking during the first annual general meeting of the company, the shareholders stated that the move would help the company acquire the capital needed for its expansion drive.

A member of the shareholders’ association, Mr. Lazarus Onwuka, said that the company should consider the option of accessing funds through the stock exchange as against borrowing from banks because of the issue of high interest rates.

He explained that the company had expended a lot of money on paying back loans from the banks, adding that it was not good for the health of the company.

“I think this company should seriously consider raising funds from the capital market or doing a rights issue.

“This will eventually be a cheaper way for the company to get the much needed funds, rather than continuous reliance on bank loans,” he said.

According to its 2007 annual reports, Big Treat, recorded a turnover of N3bn, compared with N855m in 2006. Its profit after tax also grew by 242 per cent, from N72m in 2006 to N246m. It paid a divident of 10k per share.

The company, however, paid N262m as interest and financial charges to banks in the year 2007 alone, compared with N21m paid the previous year.

[hispy99]

Big Treat expands further with new outlet in Lagos
Written by Princewill Ekwujuru
Monday, 28 July 2008

Big Treat Plc has added yet another feather to its cap with the opening of another outlet at the Onipanu-end of Ikorodu Road, Lagos. The outlet opened on Saturday, July 19, 2008; increased the number of Big Treat outlets across the country to 24.

Speaking at the official commissioning of the branch, Managing Director of the company, Pamela Wu, explained that the firm’s expansion to the Ikorodu area of the state was borne out of the yearnings of residents in the vicinity; promising that her company is always ready to meet the needs of its customers – existing and prospective.

The Big Treat boss, who was excited with the turnout of the people at the event, said that it took the company so long to come to the area because the management did not want to go down on its quality standard.

According to her, customers at the area will soon confirm that Big Treat quality is second to none; as the management follows due process in its operations system coupled with the experienced personnel who understand the intricacies of customer service.

According to her, the new outlet has enough capability to service the food, supermarket, pharmacy and bakery needs of the populace.

The Managing Director however said that many more outlets would be opened in other parts of the country; pointing out that the management has set the standards for each of its outlets. With that, she stated, several assessments are carried out before final decisions are made to forge ahead with expansion.

Big Treat opened a new vista in the emerging buoying confectionery sector and Nigeria-China relationship in December 2007 with the listing of its ordinary shares on the Nigerian Stock Exchange (NSE).

The company, had barely a week ago, held its first annual general meeting; where shareholders authorized the management to approach the capital market for fresh capital to run the firm.

Endorsing the plans, the shareholders also approved the payment of 10 kobo dividend as they also commended the management for the unprecedented growth recorded by the firm within the first year of operations after listing on the Nigerian Stock Exchange. The listing followed successful completion of the firm’s private placement, undertaken few months earlier.

Big Treat, which started in 1991 as a small shop on Opebi Road in Lagos, now has over 22 outlets across the country with factories in Lagos, Kano, Kaduna, and Port Harcourt. It also has invested over 3 billion in the production of Pala Milk drink and Happy Chef Loaf.

[billions]

Big Treat Plc released its un-audited result for the half year ended 30th June, 2008. The Turnover inched up by 14.50% to N1.5 billion, PBT increased by 62.24% to N157.135 million while PAT increased by 59.98% to N136.352 million from N85.23 million in the corresponding period. In spite of good corporate earnings, the stock failed to enjoy investors’ patronage as it experienced price depreciation and closed lower at the end today’s trading session.

[hispy99]

Oando signs pact with Big Treat
By Yetunde Ebosele

In line with its commitment to ensure customers' satisfaction at all times, Oando Marketing Limited, recently, entered into a pact with a leading bakery and confectionary business outfit in Nigeria, Big Treat Plc to boost its profile.

This strategic partnership, would enable Oando Marketing offer 58 out of its over 500 service stations to Big Treat for expansion of its distribution bases across Nigeria.

Besides, the company noted that this would further make Oando service stations across the country a one-stop shop for high quality consumer products.

Speaking on this development, the Chief Operating Officer, Oando Marketing Limited, Mrs. Lara Banjoko said that the partnership with Big Treat would further boost the company's profile as a customer friendly organisation.

"At Oando, we are constantly seeking ways to improve consumer experience on our forecourt, this partnership therefore excites us as it present us another opportunity to provide value-added services to our customers. This is just one of the few planned strategies through which we will continue to enhance one-stop-consumer experience we are known for," Banjoko said.

The expansion plan is expected to begin with six stations in Lagos State with effect from September 25, 2008 and then eight by the end of November 2008, before spreading to other service stations across the country.

Also commenting, Managing Director, Big Treat, Mrs. Pamela Wu stated: "Today marks a significant day in the history of Big Treat, as this strategic partnership will provide us the good opportunity of reaching our numerous customers nationwide faster with our high quality and nutritious foods. We share in Oando marketing's vision of delivering a unique customer experience at its service stations, and we are committed to exceeding expectations by the quality of our products and services."

As Big Treat is one of Nigeria's operators of fast food outlets, convenience store marketers and household supermarkets, the services will be available at Oando service stations, on sizes basis. Some stations will feature all three services while others will be just one."

With this partnership, Big Treat will be joining other brands that have partnership deals with Oando Marketing, such as Chicken Republic, and Tasty Fried Chicken.