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PKoli		#21 Posted : Thursday, October 14, 2010 1:13:35 AM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		VituVingiSana wrote: @Horton - BTW, the lack of 'consistent' earnings e.g. EABL, BAT is probably why the Agricultural Stocks sell at a lower PER (when times are good) than comparable financials, etc... I like Kakuzi coz it has decent farms & potential land for 'other' development... Just a matter of time... Some group bought Eagaads... I think they bought it for the huge farm/land (in Ruiru) rather than the coffee... VVS, ordinary shareholders rarely benefit from assets of companies. The real beneficiaries are debtors, especially when the companies bust. If I was to use potential for other land uses, I will go for Rea Vipingo or even Railways if was listed. When these companies go under, none of he ordinary shareholders ever nears their assets; lLook at Uchumi case.
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VituVingiSana		#22 Posted : Thursday, October 14, 2010 6:22:57 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi		PKoli wrote: VituVingiSana wrote: @Horton - BTW, the lack of 'consistent' earnings e.g. EABL, BAT is probably why the Agricultural Stocks sell at a lower PER (when times are good) than comparable financials, etc... I like Kakuzi coz it has decent farms & potential land for 'other' development... Just a matter of time... Some group bought Eagaads... I think they bought it for the huge farm/land (in Ruiru) rather than the coffee... VVS, ordinary shareholders rarely benefit from assets of companies. The real beneficiaries are debtors, especially when the companies bust. If I was to use potential for other land uses, I will go for Rea Vipingo or even Railways if was listed. When these companies go under, none of he ordinary shareholders ever nears their assets; lLook at Uchumi case. Huh? I am sure there is some point in your story but I can't make it out... Please re-phrase & re-post so I can respond... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#23 Posted : Thursday, October 14, 2010 9:31:51 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		VituVingiSana wrote: PKoli wrote: VituVingiSana wrote: @Horton - BTW, the lack of 'consistent' earnings e.g. EABL, BAT is probably why the Agricultural Stocks sell at a lower PER (when times are good) than comparable financials, etc... I like Kakuzi coz it has decent farms & potential land for 'other' development... Just a matter of time... Some group bought Eagaads... I think they bought it for the huge farm/land (in Ruiru) rather than the coffee... VVS, ordinary shareholders rarely benefit from assets of companies. The real beneficiaries are debtors, especially when the companies bust. If I was to use potential for other land uses, I will go for Rea Vipingo or even Railways if was listed. When these companies go under, none of he ordinary shareholders ever nears their assets; lLook at Uchumi case. Huh? I am sure there is some point in your story but I can't make it out... Please re-phrase & re-post so I can respond... I think @Pkoli thinks that you mean unga or limuru will sell its land and you as a shareholder will receive the proceeds benefit directly and he disagrees but he is talking in the context of receivership.... Yet shareholders do benefit because the sale of re valued assets goes directly to the P&L.... Mark 12:29 Deuteronomy 4:16
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VituVingiSana		#24 Posted : Thursday, October 14, 2010 9:43:13 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi		Unga is not in Receivership... And I think they will be OK... they have turned the corner... I hope they end up selling the land OR become more profitable but I stand by my 100% in 3 years for Unga even with the tough competition + high prices for maize & wheat... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#25 Posted : Thursday, October 14, 2010 9:47:54 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		VituVingiSana wrote: Unga is not in Receivership... And I think they will be OK... they have turned the corner... I hope they end up selling the land OR become more profitable but I stand by my 100% in 3 years for Unga even with the tough competition + high prices for maize & wheat... @VVS i admire your passion... When you believe in something you REALLY believe.... Mark 12:29 Deuteronomy 4:16
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Elephant Man		#26 Posted : Tuesday, October 26, 2010 10:23:26 AM
Rank: Member Joined: 12/24/2008 Posts: 112		Kakuzi have sent out a booklet summarising their interim financial statements for the six months to 30 June 2010. Good investor relations in my view. Sales are up to Ksh.808mn against 695m for the corresponding period in 2009 - so with a little luck we could be looking at between Kshs.2.3bn to 2.5bn in sales for 2010. Tea sales are up (Ksh. 597mn against 315mn in 2009 ) Avocado sales are down (Ksh. 110mn against 260mn in 2009 ). All other segments sales down on corresponding period last year. Tea is the only profitable segment for first six months (Kshs 152mn), while avocado posted losses of Ksh 15mn and other segments Ksh 34m over the period. Anyone know how long it takes between planting and harvesting of Macadamia? Kakuzi have close to 400ha planted as at 30.6.2010. What are the yields and pricing they can achieve? Kawaida with odiero's, the commentary from the chairman is 'prudent'! Incidentally, Kakuzi is also traded on the London Stock Exchange - pity they don't have a website, even a rudimentary one like Sasini's or Rea Vipingo's....
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VituVingiSana		#27 Posted : Tuesday, October 26, 2010 4:10:10 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi		I think Kakuzi's avocadoes really come in bloom in 2H... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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BGL		#28 Posted : Wednesday, January 26, 2011 2:38:37 AM
Rank: Veteran Joined: 10/11/2009 Posts: 1,223		KAKUZI LIMITED PUBLIC ANNOUNCEMENT FINANCIAL YEAR ENDED 31 DECEMBER 2010 Notice is hereby given, pursuant to Regulation 19 of the Capital Markets Authority Regulations and the Fifth Schedule, Continuing obligations, that Kakuzi Limited has received a claim for repayment of Kshs109 million from Del Monte Kenya Limited (DMKL) following the discovery of an alleged error made by DMKL in calculating the sale price of pineapples for the joint venture between Kakuzi Limited and DMKL for the years 2007 and 2008. The Board of Kakuzi Limited is currently reviewing the claim and will make a further announcement when the matter is resolved. K W Tarplee Chairman 25th January 2011 History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Wondergirl		#29 Posted : Wednesday, January 26, 2011 7:49:35 AM
Rank: Member Joined: 9/12/2009 Posts: 312		BGL wrote: KAKUZI LIMITED PUBLIC ANNOUNCEMENT FINANCIAL YEAR ENDED 31 DECEMBER 2010 Notice is hereby given, pursuant to Regulation 19 of the Capital Markets Authority Regulations and the Fifth Schedule, Continuing obligations, that Kakuzi Limited has received a claim for repayment of Kshs109 million from Del Monte Kenya Limited (DMKL) following the discovery of an alleged error made by DMKL in calculating the sale price of pineapples for the joint venture between Kakuzi Limited and DMKL for the years 2007 and 2008. The Board of Kakuzi Limited is currently reviewing the claim and will make a further announcement when the matter is resolved. K W Tarplee Chairman 25th January 2011 Something is wrong about that . The pineapple giant does not buy from Kakuzi pineapples! The joint venture is on land only.
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guru267		#30 Posted : Wednesday, January 26, 2011 7:59:47 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		BGL wrote: KAKUZI LIMITED PUBLIC ANNOUNCEMENT FINANCIAL YEAR ENDED 31 DECEMBER 2010 Notice is hereby given, pursuant to Regulation 19 of the Capital Markets Authority Regulations and the Fifth Schedule, Continuing obligations, that Kakuzi Limited has received a claim for repayment of Kshs109 million from Del Monte Kenya Limited (DMKL) following the discovery of an alleged error made by DMKL in calculating the sale price of pineapples for the joint venture between Kakuzi Limited and DMKL for the years 2007 and 2008. The Board of Kakuzi Limited is currently reviewing the claim and will make a further announcement when the matter is resolved. K W Tarplee Chairman 25th January 2011 @BGL what are you trying to do spreading lies to the public... Please find another way to start a sell off... Mark 12:29 Deuteronomy 4:16
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