BAGCO Plc

[nosa2]

Originally Posted by pumping

They are definitely paying more than their EPS. Maybe Flourmills will extend a soft loan....

This does not make a lot of sense

[knightofdelta]

Originally Posted by Monwowo

[/B]

How would the cashflow explain them paying way more than their EPS? Proshare reported 200% of EPS??

PAT and cash flow are not usually the same because of the issue of accounting techniques. For example, a company can receive cash upfront before delivering goods and services and they can also provide goods and services before receiving cash. They can also receive goods from their sellers and pay cash later, depreciation is a cashless transaction reflected in income statement but not in cash flow statement, etc. While the income statement will recognize revenues based on certain criteria, cash is cash and cash is almost always (if not all the time) not equal to PAT. If Cash is higher than PAT and they still expect more cash in coming periods, they may decide to pay out more cash than PAT.

[Waves]

03 August 2010
Audited Year Ended (March) 2009

Profit and Loss Information
Turnover 09 N16.142b 08 N14.667b
Profit Before Tax And Extraordinary Items 09 N873.947m 08 N269.551m Exceptional Items 09 Nil 08 (N246.170m)
Taxation 09 (N520.612m) 08 (N157.569m)
Profit After Taxation 09 N353.335m 08 (N134.188m)

Balance Sheet Information
Fixed Assets 09 N10.348b 08 N10.025b
Stock 09 N6.067b 08 N7.341b
Trade Debtors 09 N720.547m 08 N672.569m
Cash And Bank Balances 09 N80.926m 08 N258.779m
Other Debit Balances 09 N3.536b 08 N1.671b
Trade Creditors 09 N998.643m 08 N1.899b
Short Term Borrowings 09 N3.936b 08 N1.101b
Other Credit Balances 09 N6.850b 08 N8.042b
Working Capital 09 N2.474b 08 N4.558b
Net Assets 09 N8.968b 08 N8.926b

Corporate Actions
Proposed Dividend : 13kobo
Proposed Bonus : Nil
Payment Date : 2nd November 2010
Closure Date : 13th -17th September 2010
AGM Date :19th October 2010
AGM Venue :Tahir Guest Palace GRA Kano @ 2.30pm

[muranay@yahoo.com]

Originally Posted by Waves

03 August 2010
Audited Year Ended (March) 2009

Profit and Loss Information
Turnover 09 N16.142b 08 N14.667b
Profit Before Tax And Extraordinary Items 09 N873.947m 08 N269.551m Exceptional Items 09 Nil 08 (N246.170m)
Taxation 09 (N520.612m) 08 (N157.569m)
Profit After Taxation 09 N353.335m 08 (N134.188m)

Balance Sheet Information
Fixed Assets 09 N10.348b 08 N10.025b
Stock 09 N6.067b 08 N7.341b
Trade Debtors 09 N720.547m 08 N672.569m
Cash And Bank Balances 09 N80.926m 08 N258.779m
Other Debit Balances 09 N3.536b 08 N1.671b
Trade Creditors 09 N998.643m 08 N1.899b
Short Term Borrowings 09 N3.936b 08 N1.101b
Other Credit Balances 09 N6.850b 08 N8.042b
Working Capital 09 N2.474b 08 N4.558b
Net Assets 09 N8.968b 08 N8.926b

Corporate Actions
Proposed Dividend : 13kobo
Proposed Bonus : Nil
Payment Date : 2nd November 2010
Closure Date : 13th -17th September 2010
AGM Date :19th October 2010
AGM Venue :Tahir Guest Palace GRA Kano @ 2.30pm

Nice results with 5% dividend

[123.rado]

NIGERIAN BAG MANUFACTURING CO. PLC
11 August 2010
Unaudited Q1 (June) 2010

Profit and Loss Information
Turnover 10 N2.892b 09 N2.463b
PBT 10 N303.798m 09 N310.915m
Tax 10 (N97.215m) 08 (N99.493m)
PAT 10 N206.583m 09 N211.422m

Balance Sheet Information
Fixed Assets 30-06-10 N7.740b 31-03-10 N6.614b
Stock 10 N2.660b 09 N3.273b
Trade Debtors 10 N459.386m 09 N440.565m
Cash And Bank Balances 10 N259.794m 09 N55.390m
Other Debit Balances 10 N6.997b 09 N8.309b
Trade Creditors 10 N370.753m 09 N856.598m
Short Term Borrowings 10 N3.965b 09 N4.516b
Other Credit Balances 10 N3.712b 09 N3.553b
Working Capital 10 N5.271b 09 N6b
Net Assets 09 N10.069b 08 N9.766b