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Standard Group HY17
Pesa Nane
#1 Posted : Wednesday, August 30, 2017 8:59:44 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,411
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#2 Posted : Thursday, August 31, 2017 12:00:39 AM
Rank: Chief


Joined: 1/3/2007
Posts: 13,426
Location: Nairobi
Pesa Nane wrote:


I don't understand SG's accounting. The PAT for 2017 is positive yet the EPS is negative. Can anyone shed light on this?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
alotoftalk
#3 Posted : Thursday, August 31, 2017 12:31:55 AM
Rank: Member


Joined: 8/27/2015
Posts: 137
Location: Harare
VituVingiSana wrote:
Pesa Nane wrote:


I don't understand SG's accounting. The PAT for 2017 is positive yet the EPS is negative. Can anyone shed light on this?


Minority interest.

Essentially the minority interest made a profit while the controlling shareholders made a loss.
Investment philosophy development in progress...
sparkly
#4 Posted : Thursday, August 31, 2017 12:46:22 AM
Rank: Elder


Joined: 9/23/2009
Posts: 5,596
Location: Enk are Nyirobi
alotoftalk wrote:
VituVingiSana wrote:
Pesa Nane wrote:


I don't understand SG's accounting. The PAT for 2017 is positive yet the EPS is negative. Can anyone shed light on this?


Minority interest.

Essentially the minority interest made a profit while the controlling shareholders made a loss.


They invest in a company that is more profitable than they are.

Yaani they sponsor a mpango that is richer than they are.
Life is short. Live passionately.
Ericsson
#5 Posted : Friday, September 01, 2017 10:15:08 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,891
Location: NAIROBI
Standard Group Reportedly Fires CEO Sam Shollei.
Pesa Nane
#6 Posted : Friday, September 01, 2017 6:00:21 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,411
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#7 Posted : Friday, September 01, 2017 6:03:41 PM
Rank: Chief


Joined: 1/3/2007
Posts: 13,426
Location: Nairobi
Ericsson wrote:
Standard Group Reportedly Fires CEO Sam Shollei.

"Resigned" you mean... Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#8 Posted : Wednesday, October 11, 2017 9:48:14 AM
Rank: Elder


Joined: 5/25/2012
Posts: 3,411
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
obiero
#9 Posted : Wednesday, October 11, 2017 1:54:03 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,644
Location: nairobi
Pesa Nane wrote:

What's soo special with this man. Has he managed to turn around Uchumi? Anywho, we know who owns SGL
www.winda.co.ke
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