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Car & General - Huge Price Jumps
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VituVingiSana
#1 Posted : Wednesday, May 05, 2010 2:11:29 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
What's up with C&G... low volumes, huge price jumps...

From low 30s to 45/- today...

Year end is 30 Sep 2010 so does someone know the 1H 2009-10 results beforehand????
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#2 Posted : Thursday, May 06, 2010 6:21:56 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS an illiquid stock like C&G can move very high up because it is very hard to find supply or very far down because of it being hard to find demand...

many internet sites have put it as a stock to watch because of its price friendly products
Mark 12:29
Deuteronomy 4:16
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Surealligator
#3 Posted : Thursday, May 06, 2010 6:48:57 AM
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Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
@ Guru267 and Vituz

I find this company sickening with their sick 67 cents dividend pay out. How do they arrive at the sick figure even when their EPS is 8.80. When will they ever start paying some different even if it is .50 or 5 shillings for a change. Find the dividends history of this company for the last five or ten yrs.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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VituVingiSana
#4 Posted : Thursday, May 06, 2010 12:35:37 PM
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Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
LOL... You are right... There is a weird 67 cents... no idea why... lakini I think it is a legacy of a bonus...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#5 Posted : Monday, May 10, 2010 4:09:23 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
actually if take a closer look at the those end of year results...turnover doubled but the cost of sales and cost of distribution of their goods tripled n caused their profits to tumble...if they can reduce the cost of sales then they can create value for their owners...
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sparkly
#6 Posted : Monday, May 10, 2010 7:29:05 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Their working capital funded by overdrafts year in year out. They also have a poultry farm in Tanzania
Life is short. Live passionately.
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PKoli
#7 Posted : Monday, May 10, 2010 8:21:24 PM
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Joined: 2/10/2007
Posts: 1,587
Car and General is too illiquid. Today it only traded 1000 shares, so the rice should not trouble people.

I would rather keep with BOC
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VituVingiSana
#8 Posted : Tuesday, May 11, 2010 2:22:36 AM
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Joined: 1/3/2007
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Lakini, another rise in price today... Is there something we do not know?

Are there no sellers at this price?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#9 Posted : Tuesday, May 11, 2010 8:12:00 AM
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Joined: 1/7/2010
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Anybody seen the announcement?
The Governor of Nyeri - 2017
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VituVingiSana
#10 Posted : Tuesday, May 11, 2010 9:23:08 AM
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1H profits up almost 50%.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Surealligator
#11 Posted : Tuesday, May 11, 2010 9:26:39 AM
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Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
@Wa_ithaka

2010 1H EPS 5.98
2009 1H EPS 4.33

In January 2011, they will announce EPS of 14 shillings for Financial year ending Sept 2010 and a DPS of .67. The much they can do beyond that is declare a bonus.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mwanahisa
#12 Posted : Tuesday, May 11, 2010 9:30:55 AM
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Joined: 6/2/2008
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Brilliant performance all considered. However, the board and mgt of C&G are clearly not particularly interested in signalling their success to the market. Poor dividends have caused this to stock to remain undervalued by the market for far too long!
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Surealligator
#13 Posted : Tuesday, May 11, 2010 9:30:56 AM
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Wa_ithaka, go to NSE Car & General Announcement
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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VituVingiSana
#14 Posted : Tuesday, May 11, 2010 10:05:30 AM
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Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
Growth mode... but last year they bought too much stocks... they said so on the Annual Report... so they were selling stocks this year & improving cash position...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#15 Posted : Tuesday, September 18, 2018 10:08:36 PM
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Joined: 6/23/2009
Posts: 13,508
Location: nairobi
Jumped in on mobile money lending

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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