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Sasini Annual Report 2014
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biddii
#1 Posted : Wednesday, February 18, 2015 8:32:00 AM
Rank: New-farer

Joined: 9/25/2014
Posts: 27
Hi,

Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.

In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?

Thanks
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VituVingiSana
#2 Posted : Wednesday, February 18, 2015 10:07:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
biddii wrote:
Hi,

Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.

In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?

Thanks
Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Othelo
#3 Posted : Wednesday, February 18, 2015 10:12:58 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Mr. market has aswered you share has increased with .95 cents to kshs. 15.35 bob.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Mart_Consult
#4 Posted : Wednesday, February 18, 2015 10:20:45 AM
Rank: Member

Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
Othelo wrote:
Mr. market has aswered you share has increased with .95 cents to kshs. 15.35 bob.


Not quite...up-coming Books closure may have informed this...expect to settle at Kes. 13 range..
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Pesa Nane
#5 Posted : Friday, April 03, 2015 2:56:36 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.

Who owns these companies?
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#6 Posted : Friday, April 03, 2015 3:00:52 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.

Who owns this bank?
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#7 Posted : Friday, April 03, 2015 3:05:04 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
biddii wrote:
Hi,

Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.

In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?

Thanks
Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.

514 acres gone.
Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#8 Posted : Friday, April 03, 2015 10:35:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
Pesa Nane wrote:
VituVingiSana wrote:
biddii wrote:
Hi,

Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.

In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?

Thanks
Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.

514 acres gone.

1) That's 2mn/acre. In Kiambu.
2) Who will buy that land? An insider? This is Merali you are dealing with.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#9 Posted : Sunday, April 05, 2015 10:29:50 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Something is cooking here....all insmile
possunt quia posse videntur
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Pesa Nane
#10 Posted : Sunday, April 05, 2015 11:04:45 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
maka wrote:
Something is cooking here....all insmile

@maka you are my friend. Please run, run in any direction, but keep running. The consolidated statement shows the Earning Per Share was only Kshs. 0.10 but its paying a dividend of Kshs. 0.25
Pesa Nane plans to be shilingi when he grows up.
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