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EA Portland Cement HY 2017/2018
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Ericsson
#1 Posted : Wednesday, February 28, 2018 12:59:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Drop in revenues deepens Portland Cement net loss fourfold

ast African Portland Cement Company (EAPCC)

has announced that its net loss for the six months to December has worsened nearly four times to Sh969.6 million on lower revenues.

The financially struggling cement maker saw its revenues drop by Sh660 million to Sh3.06 billion, with management attributing this drop to the politics-driven slowdown of the economy last year.

"The company earlier told the Business Daily it could also concurrently launch a rights issue underwritten by development finance institutions (DFI), which could dilute Treasury's stake in the company, ending its status as a parastatal."

https://www.businessdail...22956-pftcjjz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by moderator: Wednesday, February 28, 2018 2:17 PM | Reason: title case
Fyatu
#2 Posted : Wednesday, February 28, 2018 1:21:27 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Excuses used to shaft small shareholders at the Nairobi Securities Exchange 2016 - 2019

1. Prolonged political season.
2. Interest rates caps.
3. Prolonged drought.
4. Closure of Nakumatt

These excuses will be used to deny wanjiku her peni mbili dividends for the nest three years.

Kengen, Kenya power, EAPC and many more will use this line to cheat Kenyans who are brave enough to invest at NSE. Later on you will hear top honchos/wakora at NSE lamenting on the low number of local investors at NSE. Hii ni hujuma
Dumb money becomes dumb only when it listens to smart money
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obiero
#3 Posted : Wednesday, February 28, 2018 1:36:19 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Ericsson wrote:
Drop in revenues deepens Portland Cement net loss fourfold

ast African Portland Cement Company (EAPCC)

has announced that its net loss for the six months to December has worsened nearly four times to Sh969.6 million on lower revenues.

The financially struggling cement maker saw its revenues drop by Sh660 million to Sh3.06 billion, with management attributing this drop to the politics-driven slowdown of the economy last year.

"The company earlier told the Business Daily it could also concurrently launch a rights issue underwritten by development finance institutions (DFI), which could dilute Treasury's stake in the company, ending its status as a parastatal."

https://www.businessdail...2956-pftcjjz/index.html

Saddening

KQ ABP 4.26
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wukan
#4 Posted : Wednesday, February 28, 2018 3:19:58 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
Quote:
Production of cement declined through 2017, signaling a slowdown in real estate sector growth following a tough economic environment.

Cement output, a key indicator of performance in the building and construction sector, reduced by 8.2 per cent or more than 550,000 metric tonnes for the year ending December 2017.

Latest provisional data collated by the Kenya National Bureau of Statistics shows about 6.16 million metric tonnes of cement were produced.


Sad Sad
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Pesa Nane
#5 Posted : Wednesday, February 28, 2018 9:07:14 PM
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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Ericsson
#6 Posted : Wednesday, February 28, 2018 10:57:22 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...323810-um5yj0/index.html
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Wealth=Income + Investments - Lifestyle
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Ebenyo
#7 Posted : Thursday, March 01, 2018 8:07:59 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Pesa Nane wrote:



G.o.k is not serious about this company.
The tender for the supply of cement for SGR was given to bamburi.Si wangepea Eapc? why invest in what you dont trust?
Towards the goal of financial freedom
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Ericsson
#8 Posted : Thursday, March 01, 2018 11:42:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Pesa Nane wrote:



G.o.k is not serious about this company.
The tender for the supply of cement for SGR was given to bamburi.Si wangepea Eapc? why invest in what you dont trust?


The cement being produced by EAPC didn't meet specifications for the SGR project
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#9 Posted : Thursday, March 01, 2018 8:49:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ebenyo wrote:
Pesa Nane wrote:



G.o.k is not serious about this company.
The tender for the supply of cement for SGR was given to bamburi.Si wangepea Eapc? why invest in what you dont trust?

As @Ericsson said, there are specifications that need to be met. Bamburi has the expertise to do so. And they did.

Many years ago [when we had the choice of EAPCC or Bamburi] my contractor insisted I use/buy Bamburi (not Portland) cement even if I had to pay a premium.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, March 01, 2018 8:50 PM | Reason: Not specified
Juojo
#10 Posted : Friday, March 02, 2018 10:00:21 AM
Rank: Member

Joined: 7/7/2009
Posts: 41
VituVingiSana wrote:
Ebenyo wrote:
Pesa Nane wrote:



G.o.k is not serious about this company.
The tender for the supply of cement for SGR was given to bamburi.Si wangepea Eapc? why invest in what you dont trust?

As @Ericsson said, there are specifications that need to be met. Bamburi has the expertise to do so. And they did.

Many years ago [when we had the choice of EAPCC or Bamburi] my contractor insisted I use/buy Bamburi (not Portland) cement even if I had to pay a premium.


The other main reason they chose Bamburi was because of their logistics excellence that most of the other companies could not come close to matching. Remember this was a huge part of TanoTena campaign, n Unye could not afford any delays
Happiness is not the absence of problems, It's the ability to deal with them
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