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QUARTER 1 NOT SOO ROSY FOR SOME
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cnn
#1 Posted : Thursday, April 29, 2010 6:01:13 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Cables pretax profit down from 172 million to 84.67M down 51%.

KCB pretax up 10% from 1.73Billion to 1.9Billion.

Financials seem to be the spot for 2010
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VituVingiSana
#2 Posted : Thursday, April 29, 2010 6:41:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
We cant all have profits increasing every quarter... LOL...

Did EA Cables buy another manufacturer in a southern african country..?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#3 Posted : Friday, April 30, 2010 7:21:30 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
In an improving economy,a drop of 50% is gross.
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youcan'tstopusnow
#4 Posted : Saturday, May 01, 2010 1:06:00 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
EA cables are on aregional expansion. Don't know if that could have affected them.
KCB's 11% gain is dwarfed by Equity's 43%. There is no doubt which is the better stock for the short-medium term there.
GOD BLESS YOUR LIFE
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the deal
#5 Posted : Saturday, May 01, 2010 2:28:32 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
KCB is still in expansion mode...is it not what they're holding this rights thing for???
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slykat
#6 Posted : Saturday, May 01, 2010 3:04:35 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
@the deal,

I think I read somewhere they r raising cash to raise their capital reserve, not for expansion.

By the by, is KCB inefficient, mismanaged or both? It is ever pregnant with great promise but always delivers ordinary promise!

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youcan'tstopusnow
#7 Posted : Thursday, May 06, 2010 7:11:15 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Besides AccessKenya, the only counters that have posted negative returns at the Nairobi bourse for the last 3 months are BOC Kenya (9.4 per cent), East Africa Cables (8.5 per cent) and Marshals (16.7 per cent) among the 55 listed firms.
Looks like general sentiment for the market is extremely positive.
If you invest in the market now and end up negative by year end, kuna shida.
GOD BLESS YOUR LIFE
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Gordon Gekko
#8 Posted : Friday, May 07, 2010 6:38:54 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@youcan't of the laggards you have mentioned I hold AccessKenya. At 24% loss it trails Paka (47% loss), Orchards (30% loss) in my portfolio. Which would have been OK if it was not 9.3% of my portfolio. I hope they have positive news at the postponed AGM.
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cnn
#9 Posted : Friday, May 07, 2010 11:05:10 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@GG, just cut your losses on Access,you can make up for the losses elsewhere,that is a sinking ship.
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PKoli
#10 Posted : Friday, May 07, 2010 11:13:56 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@GG..I concur with sendiments of cnn. Access might be facing challenging times. I am now browsing with a safcom modem, which I can carry anywhere..Fixed lines, they have to focus on corporate clients..
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