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Sameer inks deal with China firm for cheaper tyres
Realtreaty
#1 Posted : Sunday, May 04, 2014 10:45:14 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
Now we may skip and hope that the stock wil return to its original good health state of 20s to 30s. How quick can it prosper?
It has its Yana brand and others been battered by cheap wheels that enter East African market via Egypt on Comesa grounds. Egypt has been an entry port as well as a dumping ground due to the Suez canal. The reek then spreads to the sub-saharan Africa. Other goods that enter African market via Egypt are cosmestics, ceramics and sanitary materials, confectionaries, and crockery which seem harvested from the East and re-exported to Comesa region with filmy duty.
Magnate
#2 Posted : Monday, May 05, 2014 9:44:56 AM
Rank: Member

Joined: 11/1/2013
Posts: 257
If you can,t beat them join them.level the playing ground with cheap tires also at the expense of kenyan jobs ofcourse.

Sameer Africa enters franchise agreement with Asian manufacturer to boost sales.
The new Chinese partner is expected to provide Sameer with cheaper tyres in its portfolio to boost its sales volumes.
Sameer, which is listed at the Nairobi Securities Exchange, is set to introduce a new brand of tyres from the Chinese firm later this year.

http://www.businessdaily...2/-/13fs7q9/-/index.html
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Realtreaty
#3 Posted : Monday, May 05, 2014 11:26:36 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
The Kenyan Govt was unable to impose heavier duties on imported tyres entering comesa market from Egypt and Sudan. Sameer was and has been claiming the imbalance and it should now be allowed to go fish for its own at a lower cost in the shallow waters of Asia where Egyptians are trawling.smile
Ofcourse Kenya should be the best friend of the new superpower. 90% of what kenyans use comes from Asia from school bags, handkerchiefs to all electronics.
The wheels will give Sameer the advantage of lower labour cost and material cost. Instead of shipping materials why not ship finished goods? Everyone is now importing!!!
Realtreaty
#4 Posted : Thursday, July 17, 2014 6:06:07 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
The deal is almost on the books and soon the speed of rise will be witnessed.
The best thing is Sameer is not creating new shares by bring in a partner. I suspect we could be in for a bonus FY 2014 results.
maka
#5 Posted : Sunday, August 03, 2014 12:14:56 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Profit warning in today's Sunday Nation...HY i.e
possunt quia posse videntur
maka
#6 Posted : Sunday, August 03, 2014 12:32:56 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
Profit warning in today's Sunday Nation...HY i.e

possunt quia posse videntur
icecube
#7 Posted : Sunday, August 03, 2014 12:50:15 PM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
maka wrote:
Profit warning in today's Sunday Nation...HY i.e


Let the dumping begin!
littledove
#8 Posted : Monday, August 04, 2014 9:00:15 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
icecube wrote:
maka wrote:
Profit warning in today's Sunday Nation...HY i.e


Let the dumping begin!

their was a discussion on this share last year and wazuans cautioned against merali. well some people made money but as sparkly wrote "Another screwing for Wanjiku by Merali...This guy is a shark and sharks eat small fish'' many people will unfortunately be caught up here
http://m.wazua.co.ke/forum.aspx?g=posts&t=26542
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Angelica _ann
#9 Posted : Monday, August 04, 2014 9:35:26 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Where is @Realtreaty to defend @merali!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Tall Order
#10 Posted : Monday, August 04, 2014 9:40:12 AM
Rank: Member

Joined: 5/9/2014
Posts: 130
Location: Nairobi
Thanks @littledove for referring those of us who might have missed the thread and 'would be' victims of Sameer Africa's latest deal. We now know what we are faced with should we go down that route.
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