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Loss making companies at the NSE
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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obiero wrote:Maybe we need a quick reference point for all the listed companies currently in loss territory.. Here they are: arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme, wtk
If you ask me, these are many companies for the number of listed companies at the NSE. More reason to support the exchange bar theory that less than 20 listed firms make the cut as viable investments See your grouping, I told you KQ is only comparable to Kurwitu  If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Swenani wrote:obiero wrote:Maybe we need a quick reference point for all the listed companies currently in loss territory.. Here they are: arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme, wtk
If you ask me, these are many companies for the number of listed companies at the NSE. More reason to support the exchange bar theory that less than 20 listed firms make the cut as viable investments See your grouping, I told you KQ is only comparable to Kurwitu Haina noma kaka! Ngojea Open Offer kisha tujadiliane. Ukiona vyaelea..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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obiero wrote:[quote=RIEK01]Car&General is profitable Are you sure? https://www.businessdail...9042-13uloqy/index.html[/quote] C&G shows gains, if any, in 2H from property revaluations. That said, they sold a stake in their Cummins business to Cummins and I wonder if that stake was revalued. They need to learn from Centum how to "revalue" businesses  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Pesa Nane wrote:obiero wrote:Pesa Nane wrote:obiero wrote:Maybe we need a quick reference point for all the listed companies currently in loss territory.. Here they are: arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme, wtk
If you ask me, these are many companies for the number of listed companies at the NSE. More reason to support the exchange bar theory that less than 20 listed firms make the cut as viable investments Flame Tree made a profit of Ksh. 40 million, if memory serves me right. Thanks for the update. Other corrections and additions are welcome Williamson Tea also reported a decent HY17 Tea production in the RV has JUMPED substantially since the rains started though prices have dipped but they have a March EOY. The 1H 2018-19 (Sep 2018) will probably look good. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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obiero wrote:Angelica _ann wrote:Which one is the biggest giant of the loss making companies, is it kurwitu? Yes. In relation to the size of its business, it could proportionally be the biggest loss making entity at the NSE. It's either Kurwitu or HAL.. For more context, MSC or KQ could make a loss of KES 1B and the same would be mentioned as a minor slip into the red, while other firms could close shop! Like KQ has losses totaling to KES 82.6B over the last five years and its still operational, with an operating profit! The only reason KQ wasn't declared bankrupt was coz of GoK's (taxpayer) bailouts and arm-twisting the banks. MSC and Uchumi should be declared DOA. Banks (KQLC) were forced to lend even more to KQ under the terms of the Debt Conversion. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/20/2008 Posts: 503
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Who knew that ARM Cement would ever fail to report its results more than 4 months after year end???? Did they even notify the market or even seek an extension like Cables or Trans century? Is the new board/management SERIOUS??????
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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xxxxx wrote:Who knew that ARM Cement would ever fail to report its results more than 4 months after year end???? Did they even notify the market or even seek an extension like Cables or Trans century? Is the new board/management SERIOUS??????
Not a good sign at all Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme Leo umejaribu kuwa fair...by including KQ   John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Spikes wrote:obiero wrote:arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme Leo umejaribu kuwa fair...by including KQ Read post number 1 on this thread
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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obiero wrote:arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme FTG is in profit territory. Minimal, but still positive considering state of the industry.
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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rwitre wrote:obiero wrote:arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme FTG is in profit territory. Minimal, but still positive considering state of the industry. Thanks for the correction
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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arm, cables, cargeneral, deacons, eapc, eveready, express, hal, kapch, kurwitu, kq, limuru, mumias, nbk, olympia, sameer, uchumi
HF 90,000 ABP 3.83; 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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obiero wrote:arm, cables, cargeneral, deacons, eapc, eveready, express, hal, kapch, kurwitu, kq, limuru, mumias, nbk, olympia, sameer, uchumi Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Pesa Nane wrote:obiero wrote:arm, cables, cargeneral, deacons, eapc, eveready, express, hal, kurwitu, kq, limuru, mumias, nbk, olympia, sameer, tcl, uchumi @pesanane Thanks... https://www.businessdail...0144-11uy5w7z/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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obiero wrote:arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme It's good to see Wazuans assisting @Obiero correct his errors. As mentioned: Flame Tree is profitable (HY 2018) Kapchorua was VERY profitable (FY 2017-18) and will pay a 10/- dividend Also, C&G is profitable (HY 2017-18) and expects FY 2018 > FY 2017 http://www.cargen.com/do...ear%20results%202018.pdfGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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VituVingiSana wrote:obiero wrote:arm, cables, cargeneral, deacons, eapc, eveready, express, ftg, hal, kapch, kurwitu, kq, limuru, mumias, olympia, sameer, uchumi, umeme It's good to see Wazuans assisting @Obiero correct his errors. As mentioned: Flame Tree is profitable (HY 2018) Kapchorua was VERY profitable (FY 2017-18) and will pay a 10/- dividend Also, C&G is profitable (HY 2017-18) and expects FY 2018 > FY 2017 http://www.cargen.com/do...ar%20results%202018.pdf
Nyangau wewe 😁
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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arm, cables, deacons, eapc, eveready, express, hal, kurwitu, kq, limuru, mumias, nbk, olympia, sameer, tcl, uchumi
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Closely monitoring the situation from outside the NSE 
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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