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Sameer Africa HY16
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Ebenyo
#11 Posted : Thursday, July 28, 2016 9:43:09 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
mkate_nusu wrote:
Ebenyo wrote:
Pesa Nane wrote:


Cost of sales too high.
What is Merali doing to bring down the running costs? This company consumes more than it brings.Why spend 1.5 bilion to make just 43 million in profit? Thats a paltry 3% return.I think there is more than meets the eye here.


As earlier stated on numerous warning threads, avoid this stock at all costs


Its true.i will never touch it.Hii ni kiosk ya Merali.
Towards the goal of financial freedom
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mlennyma
#12 Posted : Thursday, September 01, 2016 12:06:51 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
BRIEF-Sameer Africa sees FY
Earnings to be lower by more than 25%

Says Board resolved to cease manufacture of tyres and allied products at Sameer
Africa factory in Nairobi,

Says to commence off-shore production by tyre manufacturers domiciled in China
and India

Says to incur one-off charge in respect of plant and inventory impairment and
employee severance cost about 725 million shillings

Says earnings for current financial year expected to be lower by more than 25% of
earnings reported same period in 2015 Source : j.mp/2bTJLnd Further company
coverage: (Bangalore.newsroom@thomsonreuters.com)
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#13 Posted : Thursday, September 01, 2016 12:09:56 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mlennyma wrote:
BRIEF-Sameer Africa sees FY
Earnings to be lower by more than 25%

Says Board resolved to cease manufacture of tyres and allied products at Sameer
Africa factory in Nairobi,

Says to commence off-shore production by tyre manufacturers domiciled in China
and India

Says to incur one-off charge in respect of plant and inventory impairment and
employee severance cost about 725 million shillings

Says earnings for current financial year expected to be lower by more than 25% of
earnings reported same period in 2015 Source : j.mp/2bTJLnd Further company
coverage: (Bangalore.newsroom@thomsonreuters.com)

thrown in the towel operating the factory,time for staff to call it a day
"Don't let the fear of losing be greater than the excitement of winning."
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Boris Boyka
#14 Posted : Thursday, September 01, 2016 12:33:43 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
mlennyma wrote:
mlennyma wrote:
BRIEF-Sameer Africa sees FY
Earnings to be lower by more than 25%

Says Board resolved to cease manufacture of tyres and allied products at Sameer
Africa factory in Nairobi,

Says to commence off-shore production by tyre manufacturers domiciled in China
and India

Says to incur one-off charge in respect of plant and inventory impairment and
employee severance cost about 725 million shillings

Says earnings for current financial year expected to be lower by more than 25% of
earnings reported same period in 2015 Source : j.mp/2bTJLnd Further company
coverage: (Bangalore.newsroom@thomsonreuters.com)

thrown in the towel operating the factory,time for staff to call it a day

Naushad Meralli Empire.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Pesa Nane
#15 Posted : Thursday, September 01, 2016 1:13:13 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#16 Posted : Thursday, September 01, 2016 1:17:06 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#17 Posted : Thursday, September 01, 2016 1:18:56 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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mlennyma
#18 Posted : Thursday, September 01, 2016 1:26:51 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Caution to the good or caution to the worst?Now the factory land is still a valuable and strategically located asset
"Don't let the fear of losing be greater than the excitement of winning."
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Realtreaty
#19 Posted : Thursday, September 01, 2016 9:31:25 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
mlennyma wrote:
Caution to the good or caution to the worst?Now the factory land is still a valuable and strategically located asset

Applause Applause
The land can be used for a top Hotel building- Merali can make the tallest hotel building in Africa and rent it to Chinese Brand Shangrila!!!smile
This can be a wit venue in Nairobi
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VituVingiSana
#20 Posted : Thursday, September 01, 2016 9:43:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mlennyma wrote:
Caution to the good or caution to the worst?Now the factory land is still a valuable and strategically located asset

To be kula'd by Merali.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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