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Access Kenya 1H 2011 Profits Double

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the deal		#1 Posted : Friday, August 05, 2011 10:48:38 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Congrats @QW although turnover declined...its good to see positive numbers... Analysis here http://contrarianinvestingkenya.info
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Cde Monomotapa		#2 Posted : Friday, August 05, 2011 10:57:52 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Turnover drop can be attributed to drop in tarriffs. The bottom line can b attributed to cost savings & higher margins. Wapi link?
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Cde Monomotapa		#3 Posted : Friday, August 05, 2011 11:00:10 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Cheers @QW..Merry Xmas.
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selah		#4 Posted : Friday, August 05, 2011 11:00:48 AM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		the deal wrote: Congrats @QW although turnover declined...its good to see positive numbers... Analysis here http://contrarianinvestingkenya.info For a moment there I was in shock b4 I realised I was looking at Jubilee results...I think you have not updated the site. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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mlennyma		#5 Posted : Friday, August 05, 2011 11:03:26 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		I did promise a positive outlook on numbers...is the worst over? "Don't let the fear of losing be greater than the excitement of winning."
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selah		#6 Posted : Friday, August 05, 2011 11:11:37 AM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		Am I seeing Right..The company has a negative working capital...what does that mean for the company..will it borrow to remain liquid or what? '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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guru267		#7 Posted : Friday, August 05, 2011 1:50:25 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		SELL!! SELL!! SELL!! Mark 12:29 Deuteronomy 4:16
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kenyainvestor		#8 Posted : Friday, August 05, 2011 3:47:45 PM
Rank: Member Joined: 7/12/2011 Posts: 194		selah wrote: Am I seeing Right..The company has a negative working capital...what does that mean for the company..will it borrow to remain liquid or what? Total Assets for the 6 month period to 30th June 2011 Total up 7.7% BUT Total Assets in comparison to the Half Year 2010, was down 6.4% to Kshs. 1.74 Billion. Net cash from operating activities was significantly down Profit increase was due to a decrease in the Cost of Sales, as Turnover was slightly down For a closer look at the results, check out my blog LINK: ACCESS KENYA HALF YEAR 2011 RESULTS ANALYSIS TURNOVER SLIGHTLY DOWN BUT PROFIT AFTER TAX DOUBLES LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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selah		#9 Posted : Friday, August 05, 2011 3:55:25 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		@kenyainvestor Looking at the working capital they have indicated a negative figure...how will they meet their short term expenditures. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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selah		#10 Posted : Friday, August 05, 2011 3:57:02 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		@kenyainvestor Looking at the working capital they have indicated a negative figure...how will they meet their short term expenditures. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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