kaimbaga2012 wrote:http://www.businessdailyafrica.com/Corporate-News/Tea-farmers-set-for-massive-windfall-after-Kenya-earns-Sh84bn/539550-3372292-n8sfuoz/index.
How will this impact on Williamson Tea Ernings
Apr, May and June should be OK for WTK. The challenges with too much tea & lower prices will affect WTK July-Dec 2016 but WTK also spent considerable sums buying new, efficient machinery to reduce the cost of harvesting.
Agricultural firms' profits are cyclical but as a long term investor, the pay-off of a well-mananged firm can be great!
My views. I have some Kakuzi as well. No complaints. The biggest threat are the politicians as elections near.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett