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CMC RESULTS ARE OUT
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FUNKY
#1 Posted : Thursday, January 13, 2011 10:12:26 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
http://www.nse.co.ke/newsite/pdf/YEAR%202011/Announcements/CMC%20Holdings%20audited%20results.pdf

After seeing the above results they are not as bad as they were expected to be?..Share has climbed to 13/-.

I guess 2011 might be good for them as economy is growing..agricultural counters are good so more sales of tractors..sales of buses might also go up in nairobi.

Please advice guys?
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miser
#2 Posted : Thursday, January 13, 2011 10:26:53 AM
Rank: Member

Joined: 7/7/2008
Posts: 124
Malipo peni mbili tu...aargh!Why?
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Moibutu
#3 Posted : Thursday, January 13, 2011 10:29:53 AM
Rank: Member

Joined: 9/12/2008
Posts: 58
This is a very frustrating counter, any future for new vehicles market in Kenya?
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FUNKY
#4 Posted : Thursday, January 13, 2011 10:34:47 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
If i am not wrong the government is planning to increase the number in the police force which means more new land rovers this year?
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2012
#5 Posted : Thursday, January 13, 2011 10:38:48 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
[quote=FUNKY]If i am not wrong the government is planning to increase the number in the police force which means more new land rovers this year?[/quote]

Police stopped buying Land Rovers last century. Ni matoyota land cruisers siku hizi. Even military don't buy as many and those Passats are too few to make a difference but maybe after 2012 elections all Senators, Governors, Mayors, Parastatal heads and Ministers might be allocated...

BBI will solve it :)
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  | | Edit by user: Thursday, January 13, 2011 12:21 PM | Reason: Not specified
FUNKY
#6 Posted : Thursday, January 13, 2011 10:50:24 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
So basically without the support of the government this counter has no future..i am wondering what happened to the profits of all thos passats which were sold to the government..was it reflected in the 2010 results?
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bartum
#7 Posted : Thursday, January 13, 2011 11:37:26 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
@funky! You have cmc in your portfolio? Please re do your analysis
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VituVingiSana
#8 Posted : Thursday, January 13, 2011 12:49:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,410
Location: Nairobi
It will be a tragedy to allocated cars from GoK to all those senators & governors... As much as I supported the new Katiba... the costs may be horrendously high!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#9 Posted : Thursday, January 13, 2011 1:00:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,410
Location: Nairobi
It will be a tragedy to allocated cars from GoK to all those senators & governors... As much as I supported the new Katiba... the costs may be horrendously high!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sean_george
#10 Posted : Thursday, January 13, 2011 1:53:26 PM
Rank: New-farer

Joined: 11/18/2010
Posts: 12
Location: Kenya
There is still hope for CMC in
1. Buses after the phasing out of 14-seaters
2. Passats for governers and senators etc
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