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Ericsson
#1 Posted : Wednesday, March 29, 2017 10:32:17 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
profit before tax increases from 2.62 billion shillings in 2015 to 3.94 billion shillings in 2016
Directors recommend payment of first and final dividend of 1.06 shillings per share for year
Drop in international oil prices led to a decrease of 26 percent in net sales
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#2 Posted : Wednesday, March 29, 2017 11:26:16 AM
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
#3 Posted : Wednesday, March 29, 2017 11:32:12 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
profit before tax increases from 2.62 billion shillings in 2015 to 3.94 billion shillings in 2016
Directors recommend payment of first and final dividend of 1.06 shillings per share for year
Drop in international oil prices led to a decrease of 26 percent in net sales


Closure 16 June 2017
Pesa Nane plans to be shilingi when he grows up.
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wukan
#4 Posted : Wednesday, March 29, 2017 11:41:47 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
The market cap is around Kshs 3.1B lower than the gross profit of 3.9B

Damn! this market
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sparkly
#5 Posted : Wednesday, March 29, 2017 12:58:40 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
wukan wrote:
The market cap is around Kshs 3.1B lower than the gross profit of 3.9B

Damn! this market


Suppressed by preference shares held by the parent company.
Life is short. Live passionately.
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VituVingiSana
#6 Posted : Wednesday, March 29, 2017 12:59:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
wukan wrote:
The market cap is around Kshs 3.1B lower than the gross profit of 3.9B

Damn! this market

Don't be shallow like you-know-who but dig deeper. Let me know what you find and we can discuss it later.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wukan
#7 Posted : Wednesday, March 29, 2017 1:30:03 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
VituVingiSana wrote:
wukan wrote:
The market cap is around Kshs 3.1B lower than the gross profit of 3.9B

Damn! this market

Don't be shallow like you-know-who but dig deeper. Let me know what you find and we can discuss it later.


I'm aware of the preference shares without which the valuation would be around 42-45/= but still the market is giving a discount whether you use fundamentals or technical analysis. I'm proud of my "A"Laughing out loudly Laughing out loudly Laughing out loudly
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VituVingiSana
#8 Posted : Wednesday, March 29, 2017 5:10:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
wukan wrote:
VituVingiSana wrote:
wukan wrote:
The market cap is around Kshs 3.1B lower than the gross profit of 3.9B

Damn! this market

Don't be shallow like you-know-who but dig deeper. Let me know what you find and we can discuss it later.


I'm aware of the preference shares without which the valuation would be around 42-45/= but still the market is giving a discount whether you use fundamentals or technical analysis. I'm proud of my "A"Laughing out loudly Laughing out loudly Laughing out loudly

Bingo! Before you (ordinary shareholder) see a penny, the pref shares get their dividends and redemption.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#9 Posted : Wednesday, March 29, 2017 5:19:15 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Can someone plis explain to me the impact of preference shares? whats the advantage/disadvantage to the ordinary shareholder? what are the complications? whats wrong and right?
Towards the goal of financial freedom
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Ericsson
#10 Posted : Wednesday, March 29, 2017 5:20:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
wukan wrote:
VituVingiSana wrote:
wukan wrote:
The market cap is around Kshs 3.1B lower than the gross profit of 3.9B

Damn! this market

Don't be shallow like you-know-who but dig deeper. Let me know what you find and we can discuss it later.


I'm aware of the preference shares without which the valuation would be around 42-45/= but still the market is giving a discount whether you use fundamentals or technical analysis. I'm proud of my "A"Laughing out loudly Laughing out loudly Laughing out loudly

Bingo! Before you (ordinary shareholder) see a penny, the pref shares get their dividends and redemption.


Warren Buffet hates and doesn't invest in companies which issue preference shares.
very important lesson I learnt when I was learning the ropes of investing in quoted equities
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
  |
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