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CMC 1H 2010-11
VituVingiSana
#1 Posted : Monday, May 23, 2011 10:36:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
So-so but the 2nd Half is expected to be better.
EPS of 0.64
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
FUNKY
#2 Posted : Monday, May 23, 2011 10:49:14 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
This a GEM.....its really cheap at the moment..looking at their results for the first half their finance costs are down by 38 percent..they are utlising their banking facilities more efficiently..they have stopped credit sales meaning no more bad debts...this share is STRONG BUY at the current price.
lovely2010
#3 Posted : Monday, May 23, 2011 12:43:14 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
VituVingiSana wrote:
So-so but the 2nd Half is expected to be better.
EPS of 0.64


No wonder there is still demand for this counter today...
mwanahisa
#4 Posted : Monday, May 23, 2011 1:51:52 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
VituVingiSana wrote:
So-so but the 2nd Half is expected to be better.
EPS of 0.64


@VVS, These results are absolutely nothing to write home about. Please note the EPS of 0.64 is an annualised EPS. EPS for H1 is ONLY 0.32.

I don't have any shares here but I would certainly not be buying any with this kind of result.
VituVingiSana
#5 Posted : Monday, May 23, 2011 1:53:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
mwanahisa wrote:
VituVingiSana wrote:
So-so but the 2nd Half is expected to be better.
EPS of 0.64


@VVS, These results are absolutely nothing to write home about. Please note the EPS of 0.64 is an annualised EPS. EPS for H1 is ONLY 0.32.

I don't have any shares here but I would certainly not be buying any with this kind of result.

Oops! I thought the EPS they showed as for 1H [as most firms do]... Anyway, I expect KK to make that & more for its 1H... and shares are cheaper!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwanahisa
#6 Posted : Monday, May 23, 2011 2:01:06 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
VituVingiSana wrote:
Oops! I thought the EPS they showed as for 1H [as most firms do]... Anyway, I expect KK to make that & more for its 1H... and shares are cheaper!


NSE/CMA should clamp down on the annualisation of EPS's unless it is clearly indicated as such. In my view this is being (mis)used to mislead gullible investors (of course I know you are not one).

KK is indeed a much better deal, without a shadow of doubt.
mwanahisa
#7 Posted : Monday, May 23, 2011 2:04:43 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
FUNKY wrote:
This a GEM.....its really cheap at the moment..looking at their results for the first half their finance costs are down by 38 percent..they are utlising their banking facilities more efficiently..they have stopped credit sales meaning no more bad debts...this share is STRONG BUY at the current price.


I agree with your observations but STRONGLY DISAGREE about CMC being a buy, let alone a strong buy at current prices. You can only make money on this one by hoping that one of the key shareholders decides to "make a big purchase" at 12 as they ocassionally do.
youcan'tstopusnow
#8 Posted : Monday, May 23, 2011 2:22:58 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
mwanahisa wrote:
VituVingiSana wrote:
So-so but the 2nd Half is expected to be better.
EPS of 0.64


@VVS, These results are absolutely nothing to write home about. Please note the EPS of 0.64 is an annualised EPS. EPS for H1 is ONLY 0.32.

I don't have any shares here but I would certainly not be buying any with this kind of result.

Oops! I thought the EPS they showed as for 1H [as most firms do]... Anyway, I expect KK to make that & more for its 1H... and shares are cheaper!

How come KK's 2H was considerably lower than 1H? Could the time their licence was temporarily halted be the only culprit? Do (Don't) you expect price controls to bite hard?
GOD BLESS YOUR LIFE
mwanahisa
#9 Posted : Monday, May 23, 2011 2:32:28 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
youcan'tstopusnow wrote:
VituVingiSana wrote:
mwanahisa wrote:
VituVingiSana wrote:
So-so but the 2nd Half is expected to be better.
EPS of 0.64


@VVS, These results are absolutely nothing to write home about. Please note the EPS of 0.64 is an annualised EPS. EPS for H1 is ONLY 0.32.

I don't have any shares here but I would certainly not be buying any with this kind of result.

Oops! I thought the EPS they showed as for 1H [as most firms do]... Anyway, I expect KK to make that & more for its 1H... and shares are cheaper!

How come KK's 2H was considerably lower than 1H? Could the time their licence was temporarily halted be the only culprit? Do (Don't) you expect price controls to bite hard?


I guess as much re: KK. So, you can anticipate that 2011 will be better.
Wendz
#10 Posted : Monday, May 23, 2011 4:21:20 PM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
youcan'tstopusnow wrote:
VituVingiSana wrote:
mwanahisa wrote:
VituVingiSana wrote:
So-so but the 2nd Half is expected to be better.
EPS of 0.64


@VVS, These results are absolutely nothing to write home about. Please note the EPS of 0.64 is an annualised EPS. EPS for H1 is ONLY 0.32.

I don't have any shares here but I would certainly not be buying any with this kind of result.

Oops! I thought the EPS they showed as for 1H [as most firms do]... Anyway, I expect KK to make that & more for its 1H... and shares are cheaper!

How come KK's 2H was considerably lower than 1H? Could the time their licence was temporarily halted be the only culprit? Do (Don't) you expect price controls to bite hard?


Unfortunately for the wanjikus and fortunately for @VVS, the price controls seem to be controlled "upwards".... I think the OMs are making more money with the price controls than before the controls... compare prices per litre now and prices per litre when the barrel was selling at the highest before price controls.
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