A sip of growth at AB InBev - and not much more
AB InBev should be thankful to my dad. He really does do his best for their volume growth, admittedly only in Castle and absolutely nothing else. I'll be forced to break his heart that his efforts just aren't cutting it, as AB InBev's growth over the past 9 months as been entirely from pricing increases. Beer volumes are down.
Perhaps the finance team needs to slow down on their own product though, with the company telling us that normalised EBITDA is impacted by tax credits in Brazil. EBITDA literally stands for Earnings Before Interest, Taxes, Depreciation and Amortisation. I've seen many innovative adjustments to EBITDA in my life to "normalise" it, but tax credits are a first.
It was a monster day of news, so your only chance of catching all of it is in Ghost Bites. I spent hours on SENS yesterday to pull it together. You can read about the horrible numbers at Astral Foods, further investment in potash by BHP, production numbers at Impala Platinum, interim results from Renergen, an interesting rights offer at Sable, numbers at Sasfin that seem to be getting worse all the time and the details of the Woolworths acquisition of Absolute Pets.
On top of this, there are almost 20 companies covered in the Little Bites section.
Everything is available to you with just one click in Ghost Bites>>>
