Aguytrying wrote:mugo2of3 wrote:Dear Wazuans.
All your opinions above on Nation Media Group observed; anybody with some insight as to what is happening to NMG please share...
Even the lowest NSE point of Aug 02-03 did not touch this share, now it's at a 52-week low.
Dividend books closed 18th Sept, I guess trading Ex-Dividend has added to the drop
Flat profits and bleak future if the company refuses to evolve quickly enough. On PE basis, still over valued at 15.
This could be a nice time time to get these shares when no one wants them. This company will evolve and thrive even if it takes a while
1. Uncertainty surrounding future TV earnings due to digital migration that has seen increase in number of FTA TV stations in Kenya from 6 to 81.
2. a lot of viewers in Kenya and Tanzania have more choice from GoTv, Startimes meaning surveys show that viewers spend less time watching their TV stations
2. Uncertainty of future earnings from newspapers due to advent of social media and changing demographics. the youth do not buy newspapers
3. Spiral costs to maintain NTV
4. Ban of East African in Tanzania
5. Nation FM has not picked up despite huge investment
6. Depreciation costs relating to Analogue transmission equipment and old equipment now tht they are building a new plant.
7. The share was one of the most overvalued on the exchange and the only reason it got to 300 was investors anticipated an impending share split
#I see it hitting sub 100 then investors will notice its high dividend payout
my 2 cents worth...