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Bamburi Cement FY2017
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Ericsson
#1 Posted : Tuesday, March 27, 2018 4:34:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,786
Location: NAIROBI
--Profit before tax declined to ksh.4.1bn from 8.3bn
--Profit after tax at ksh.1.973bn versus ksh.5.89bn in 2016
--Final dividend of ksh.1.50.Interim dividend of ksh.2.50 was paid in October.

Link:
https://www.nse.co.ke/li...mpany-announcements.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#2 Posted : Tuesday, March 27, 2018 5:22:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
Ericsson wrote:
--Profit before tax declined to ksh.4.1bn from 8.3bn
--Profit after tax at ksh.1.973bn versus ksh.5.89bn in 2016
--Final dividend of ksh.1.50.Interim dividend of ksh.2.50 was paid in October.

Link:
https://www.nse.co.ke/li...pany-announcements.html

Kwisha nyie.. Na bado NSE rallies.. But then again stranger things have happened in Kenya

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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Angelica _ann
#3 Posted : Tuesday, March 27, 2018 7:00:28 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,927
Now apart from Safaricom, which affordable blue chip is left at NSE
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#4 Posted : Tuesday, March 27, 2018 8:47:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
Angelica _ann wrote:
Now apart from Safaricom, which affordable blue chip is left at NSE

Kenya Airways is at an all time low of KES 2.5 (pre-restructuring equivalent)

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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Angelica _ann
#5 Posted : Tuesday, March 27, 2018 8:56:40 PM
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Joined: 12/7/2012
Posts: 11,927
obiero wrote:
Angelica _ann wrote:
Now apart from Safaricom, which affordable blue chip is left at NSE

Kenya Airways is at an all time low of KES 2.5 (pre-restructuring equivalent)


Blue chips yawa smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#6 Posted : Tuesday, March 27, 2018 9:31:38 PM
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Joined: 6/23/2009
Posts: 13,890
Location: nairobi
Angelica _ann wrote:
obiero wrote:
Angelica _ann wrote:
Now apart from Safaricom, which affordable blue chip is left at NSE

Kenya Airways is at an all time low of KES 2.5 (pre-restructuring equivalent)


Blue chips yawa smile smile smile

Just behind Safaricom in market capitalization.. Birds of a feather

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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xxxxx
#7 Posted : Tuesday, March 27, 2018 9:53:26 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
obiero wrote:
Angelica _ann wrote:
Now apart from Safaricom, which affordable blue chip is left at NSE

Kenya Airways is at an all time low of KES 2.5 (pre-restructuring equivalent)


In the current market, ARMCement must be a cheaper and better prospect than KQ
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obiero
#8 Posted : Tuesday, March 27, 2018 10:16:15 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
Now apart from Safaricom, which affordable blue chip is left at NSE

Kenya Airways is at an all time low of KES 2.5 (pre-restructuring equivalent)


In the current market, ARMCement must be a cheaper and better prospect than KQ

ARM is dying as supported by the health check of its sister Bamburi.. Watch and learn

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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Pesa Nane
#9 Posted : Tuesday, March 27, 2018 11:23:52 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Sad

Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann
#10 Posted : Tuesday, March 27, 2018 11:27:37 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,927
Pesa Nane wrote:
Sad



Kwani pesa ya SGR imeenda wapi, corruptionsmile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#11 Posted : Wednesday, March 28, 2018 7:20:39 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
Angelica _ann wrote:
Pesa Nane wrote:
Sad



Kwani pesa ya SGR imeenda wapi, corruptionsmile

Rate cap imemaliza mortgage business

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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lochaz-index
#12 Posted : Wednesday, March 28, 2018 8:55:47 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Whoa! Shrinking top-line (reduced consumption) but the killer was the operating margin (rising costs and price inelasticity) which was nearly halved! With these kind of headwinds and a pending Dangote entry in the cement business the weaklings are bound to be culled.
The main purpose of the stock market is to make fools of as many people as possible.
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Pesa Nane
#13 Posted : Wednesday, March 28, 2018 9:48:13 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Angelica _ann wrote:


Kwani pesa ya SGR imeenda wapi, corruptionsmile


Group turnover decrease
-Lower sales / decreased market
-Tightening of credit
-Prolonged election
-Drought
-Delayed infrastructure projects
-Flat domestic and export market in Ug

Operating profit halved:
-Lower revenue
-Higher energy costs

PBT halved from 8.3Bn to 4.1Bn
-Lower operating profit
-Lower cash deposit at lower rates
-Lower foreign gains
-Impairment of assets totaling Ksh. 243 million

Cash decreased to Ksh. 2.0Bn due to:
-Payments for the capacity expansion in both KE and Ug
-Lower cash from operations
-Dividend cash out of Ksh. 3.1Bn

The group has taken tax provisions in Uganda over tax assessments dispute.

Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#14 Posted : Wednesday, March 28, 2018 10:33:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,786
Location: NAIROBI
Share price with the current results is overvalued.
Should be trading at 80-85 range
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Spikes
#15 Posted : Wednesday, March 28, 2018 10:35:13 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Ericsson wrote:
Share price with the current results is overvalued.
Should be trading at 80-85 range


It'll reach there on a soft landing.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Juojo
#16 Posted : Thursday, March 29, 2018 9:24:37 AM
Rank: Member


Joined: 7/7/2009
Posts: 41
Pesa Nane wrote:
Angelica _ann wrote:


Kwani pesa ya SGR imeenda wapi, corruptionsmile


Group turnover decrease
-Lower sales / decreased market
-Tightening of credit
-Prolonged election
-Drought
-Delayed infrastructure projects
-Flat domestic and export market in Ug

Operating profit halved:
-Lower revenue
-Higher energy costs

PBT halved from 8.3Bn to 4.1Bn
-Lower operating profit
-Lower cash deposit at lower rates
-Lower foreign gains
-Impairment of assets totaling Ksh. 243 million

Cash decreased to Ksh. 2.0Bn due to:
-Payments for the capacity expansion in both KE and Ug
-Lower cash from operations
-Dividend cash out of Ksh. 3.1Bn

The group has taken tax provisions in Uganda over tax assessments dispute.



But once their new capacities come in in July the situation will change. Especially with the new MD
Happiness is not the absence of problems, It's the ability to deal with them
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jgithige
#17 Posted : Thursday, March 29, 2018 9:53:29 AM
Rank: Member


Joined: 7/10/2014
Posts: 145
Location: Nairobi
Angelica _ann wrote:
Pesa Nane wrote:
Sad



Kwani pesa ya SGR imeenda wapi, corruptionsmile


A closer look in the market, Wanjiku hardly uses bamburi reason number one baobab is expensive. The likes of mombasa cement & simba have taken over wanjiku.

Larfarge Holcim is able to "lobby" well to be given govt tenders such as SGR supply and ofcourse they obviously rudisha mkono to sustain continuity. This one source of business is not suffficient.

Lets not forget there is no property developer is going to buy a bag of cement with a difference of 50bob+ per bag compared to other brands.

Atasema "simiti ni simiti". Unless they change, the biz is going to be gloomy for them
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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