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Williamson Q1 2011 results
FUNKY
#11 Posted : Saturday, November 26, 2011 9:04:09 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Has there been any interim dividend declared?
mwekez@ji
#12 Posted : Saturday, November 26, 2011 12:29:17 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
FUNKY wrote:
Has there been any interim dividend declared?


No interim was declared. If anything, the management is not expecting the current performance to be replicated in the remaining part of financial period. KES trend, energy, fuel and labour costs will not do them good.
mwekez@ji
#13 Posted : Saturday, November 26, 2011 12:34:26 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Yaani they sold the house on credit terms, check the "trade and other recievables" section in BS and the cash flow statement.

http://www.rich.co.ke/media/doc...N%20TEA%20RESULTS%20.pdf
cnn
#14 Posted : Saturday, November 26, 2011 12:48:17 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
mwekez@ji wrote:
FUNKY wrote:
Has there been any interim dividend declared?


No interim was declared. If anything, the management is not expecting the current performance to be replicated in the remaining part [/b[b]]of financial period. KES trend, energy, fuel and labour costs will not do them good.

Their eternal chorus.
VituVingiSana
#15 Posted : Sunday, November 27, 2011 12:34:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...

Here is a hint: Balance Sheet, P&L and Cash Flow...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#16 Posted : Sunday, November 27, 2011 7:05:00 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...

Here is a hint: Balance Sheet, P&L and Cash Flow...

What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value

guru267
#17 Posted : Sunday, November 27, 2011 8:20:43 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
VituVingiSana wrote:
Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...

Here is a hint: Balance Sheet, P&L and Cash Flow...

What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value



@the deal
In your article you said "the 500million gain on the sale did not exist as was being purported but was instead 144million"
Mark 12:29
Deuteronomy 4:16
the deal
#18 Posted : Sunday, November 27, 2011 10:27:23 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
guru267 wrote:
the deal wrote:
VituVingiSana wrote:
Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...

Here is a hint: Balance Sheet, P&L and Cash Flow...

What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value



@the deal
In your article you said "the 500million gain on the sale did not exist as was being purported but was instead 144million"


'Turnover was flat at Sh1.5 Billion ( 2010, Sh1.5 Billion), EPS surged by 77% to stand at Sh89.42 from Sh50.50 last year buoyed by the sale of Williamson House which netted them Sh144 Million instead of the Sh500 Million reported in some media circles, shareholders will also be disappointed that there has been no special dividend declared as alleged by one of the company's top shareholders when the news of the sale of Williamson House broke out'

The link is here please http://www.contrarianinv...surge-turnover-flat.html
Cde Monomotapa
#19 Posted : Sunday, November 27, 2011 10:27:42 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
VituVingiSana wrote:
Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...

Here is a hint: Balance Sheet, P&L and Cash Flow...

What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value


Laughing out loudly Laughing out loudly
VituVingiSana
#20 Posted : Monday, November 28, 2011 6:13:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Cde Monomotapa wrote:
the deal wrote:
VituVingiSana wrote:
Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...

Here is a hint: Balance Sheet, P&L and Cash Flow...

What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value


Laughing out loudly Laughing out loudly

Sigh, perhaps Namibian accounting is done differently...

Ask @guru for tips.. @the deal
In your article you said "the 500million gain on the sale did not exist as was being purported but was instead 144million"

Though let me ask... what does "the 500million gain on the sale did not exist as was being purported but was instead 144million" mean???

So who purported a 500mn gain on the sale?
*I read your so-called analysis & could not understand what you were trying to say*

Anyway, what do I care... I am IN THE MONEY...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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