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Bamburi Cement FY2017
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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--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.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Kwisha nyie.. Na bado NSE rallies.. But then again stranger things have happened in Kenya
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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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)
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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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  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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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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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 Just behind Safaricom in market capitalization.. Birds of a feather
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/20/2008 Posts: 503
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Kwani pesa ya SGR imeenda wapi, corruption 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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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Angelica _ann wrote:Kwani pesa ya SGR imeenda wapi, corruption Rate cap imemaliza mortgage business
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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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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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Angelica _ann wrote:Kwani pesa ya SGR imeenda wapi, corruption 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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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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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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Rank: Member Joined: 7/7/2009 Posts: 41
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Pesa Nane wrote:Angelica _ann wrote:Kwani pesa ya SGR imeenda wapi, corruption 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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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Angelica _ann wrote:Kwani pesa ya SGR imeenda wapi, corruption 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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Bamburi Cement FY2017
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