Wazua
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NMG HY 2018
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Poor Life is short. Live passionately.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 adapt or die Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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It's just a matter of time before they put up their properties for sale. And it's OK. Up and down. Media has changed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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I like the management here. They are not resisting change. Rather, they are embracing it and looking to get ahead and grow new revenue streams- online TV, directory and ticketing platform for movies, events & retailers, lifestyle platform, partnerships in the education sector, events, and one am particularly excited about, the Lit Music record label. It has lots of potential. As a result, digital revenue has been on an increase of 6%. (Direct costs have also shot up by 27%, but that's understandable considering the rollout of the new platforms) I also like how, instead of yielding to established journalists wanting payhikes “that equal their fame”, vis-à-vis the recent poaching by Royal Media, BBC, Media Max et. al, they chose to let them go and develop younger talent with fresh ideas. Hence there are cost reductions (like in TV down by 21%) - Overall cost of sales down 11% ALAFU my problem with government- it owes NMG 726 million. Kazi ni kuwazungusha. Treasury to blame for Sh2.5bn media debt, says Joe MucheruMy concerns on decreased turnover are assuaged by the fact that it’s a tough business environment, and management is not making excuses. They are taking steps to turn things around. That having been said, the moment they slack off, I’m jumping ship. But for now, I’ll sit tight. The KSh. 1.50 interim dividend will calm jittery nerves. (Though it’s down from 2.50 - but no worries, let’s not eat everything today and go hungry tomorrow). Even if end year total dividend is slashed to Sh. 8, NMG will have a dividend yield of 9%, higher than nearly all firms on the NSE. In summary, NMG management looks to be steering this ship well through turbulent waters. Tutabaki ndani tungoje FY results.
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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rwitre wrote:I like the management here. They are not resisting change. Rather, they are embracing it and looking to get ahead and grow new revenue streams- online TV, directory and ticketing platform for movies, events & retailers, lifestyle platform, partnerships in the education sector, events, and one am particularly excited about, the Lit Music record label. It has lots of potential. As a result, digital revenue has been on an increase of 6%. (Direct costs have also shot up by 27%, but that's understandable considering the rollout of the new platforms) I also like how, instead of yielding to established journalists wanting payhikes “that equal their fame”, vis-à-vis the recent poaching by Royal Media, BBC, Media Max et. al, they chose to let them go and develop younger talent with fresh ideas. Hence there are cost reductions (like in TV down by 21%) - Overall cost of sales down 11% ALAFU my problem with government- it owes NMG 726 million. Kazi ni kuwazungusha. Treasury to blame for Sh2.5bn media debt, says Joe MucheruMy concerns on decreased turnover are assuaged by the fact that it’s a tough business environment, and management is not making excuses. They are taking steps to turn things around. That having been said, the moment they slack off, I’m jumping ship. But for now, I’ll sit tight. The KSh. 1.50 interim dividend will calm jittery nerves. (Though it’s down from 2.50 - but no worries, let’s not eat everything today and go hungry tomorrow). Even if end year total dividend is slashed to Sh. 8, NMG will have a dividend yield of 9%, higher than nearly all firms on the NSE. In summary, NMG management looks to be steering this ship well through turbulent waters. Tutabaki ndani tungoje FY results. I concur. Even a total dividend if 6 Bob (1.5+4.5) is good enough at this moment. NMG is really an income stock for long termers. Just like Stan chart. This counter is not however good enough for speculators or those that want to take sshort term position for capital appreciation. They were extremely generous last year as the total dividend of 10 Bob (2.5+7.5) was above around 8.6 Bob EPS. It means they dipped into their reserve to finance part of the FY 2017 dividend. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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rwitre wrote:I like the management here. They are not resisting change. Rather, they are embracing it and looking to get ahead and grow new revenue streams- online TV, directory and ticketing platform for movies, events & retailers, lifestyle platform, partnerships in the education sector, events, and one am particularly excited about, the Lit Music record label. It has lots of potential. As a result, digital revenue has been on an increase of 6%. (Direct costs have also shot up by 27%, but that's understandable considering the rollout of the new platforms) I also like how, instead of yielding to established journalists wanting payhikes “that equal their fame”, vis-à-vis the recent poaching by Royal Media, BBC, Media Max et. al, they chose to let them go and develop younger talent with fresh ideas. Hence there are cost reductions (like in TV down by 21%) - Overall cost of sales down 11% ALAFU my problem with government- it owes NMG 726 million. Kazi ni kuwazungusha. Treasury to blame for Sh2.5bn media debt, says Joe MucheruMy concerns on decreased turnover are assuaged by the fact that it’s a tough business environment, and management is not making excuses. They are taking steps to turn things around. That having been said, the moment they slack off, I’m jumping ship. But for now, I’ll sit tight. The KSh. 1.50 interim dividend will calm jittery nerves. (Though it’s down from 2.50 - but no worries, let’s not eat everything today and go hungry tomorrow). Even if end year total dividend is slashed to Sh. 8, NMG will have a dividend yield of 9%, higher than nearly all firms on the NSE. In summary, NMG management looks to be steering this ship well through turbulent waters. Tutabaki ndani tungoje FY results. This is what they should have done 5 years ago. But well and good better late than never. I hope Kiboro retires soon. He's a spent force he couldnt see the change coming even after noticing that his grandson does not read newspapers and listen to news ut broadcasts. It still hasn't happened to them that online news is instant. I dont see anything about their HY18 on Business Daily. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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young wrote:rwitre wrote:I like the management here. They are not resisting change. Rather, they are embracing it and looking to get ahead and grow new revenue streams- online TV, directory and ticketing platform for movies, events & retailers, lifestyle platform, partnerships in the education sector, events, and one am particularly excited about, the Lit Music record label. It has lots of potential. As a result, digital revenue has been on an increase of 6%. (Direct costs have also shot up by 27%, but that's understandable considering the rollout of the new platforms) I also like how, instead of yielding to established journalists wanting payhikes “that equal their fame”, vis-à-vis the recent poaching by Royal Media, BBC, Media Max et. al, they chose to let them go and develop younger talent with fresh ideas. Hence there are cost reductions (like in TV down by 21%) - Overall cost of sales down 11% ALAFU my problem with government- it owes NMG 726 million. Kazi ni kuwazungusha. Treasury to blame for Sh2.5bn media debt, says Joe MucheruMy concerns on decreased turnover are assuaged by the fact that it’s a tough business environment, and management is not making excuses. They are taking steps to turn things around. That having been said, the moment they slack off, I’m jumping ship. But for now, I’ll sit tight. The KSh. 1.50 interim dividend will calm jittery nerves. (Though it’s down from 2.50 - but no worries, let’s not eat everything today and go hungry tomorrow). Even if end year total dividend is slashed to Sh. 8, NMG will have a dividend yield of 9%, higher than nearly all firms on the NSE. In summary, NMG management looks to be steering this ship well through turbulent waters. Tutabaki ndani tungoje FY results. I concur. Even a total dividend if 6 Bob (1.5+4.5) is good enough at this moment. NMG is really an income stock for long termers. Just like Stan chart. They were extremely generous last year as the total dividend of 10 Bob (2.5+7.5) was above around 8.6 Bob EPS. It means they dipped into their reserve to finance part of the FY 2017 dividend. slashing interim dividend from 2.50 to 1.50 is very wrong.That affects the annual dividend yield for income investors.And the market will judge it harshly with a tumbling price. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Ebenyo wrote:young wrote:rwitre wrote:I like the management here. They are not resisting change. Rather, they are embracing it and looking to get ahead and grow new revenue streams- online TV, directory and ticketing platform for movies, events & retailers, lifestyle platform, partnerships in the education sector, events, and one am particularly excited about, the Lit Music record label. It has lots of potential. As a result, digital revenue has been on an increase of 6%. (Direct costs have also shot up by 27%, but that's understandable considering the rollout of the new platforms) I also like how, instead of yielding to established journalists wanting payhikes “that equal their fame”, vis-à-vis the recent poaching by Royal Media, BBC, Media Max et. al, they chose to let them go and develop younger talent with fresh ideas. Hence there are cost reductions (like in TV down by 21%) - Overall cost of sales down 11% ALAFU my problem with government- it owes NMG 726 million. Kazi ni kuwazungusha. Treasury to blame for Sh2.5bn media debt, says Joe MucheruMy concerns on decreased turnover are assuaged by the fact that it’s a tough business environment, and management is not making excuses. They are taking steps to turn things around. That having been said, the moment they slack off, I’m jumping ship. But for now, I’ll sit tight. The KSh. 1.50 interim dividend will calm jittery nerves. (Though it’s down from 2.50 - but no worries, let’s not eat everything today and go hungry tomorrow). Even if end year total dividend is slashed to Sh. 8, NMG will have a dividend yield of 9%, higher than nearly all firms on the NSE. In summary, NMG management looks to be steering this ship well through turbulent waters. Tutabaki ndani tungoje FY results. I concur. Even a total dividend if 6 Bob (1.5+4.5) is good enough at this moment. NMG is really an income stock for long termers. Just like Stan chart. They were extremely generous last year as the total dividend of 10 Bob (2.5+7.5) was above around 8.6 Bob EPS. It means they dipped into their reserve to finance part of the FY 2017 dividend. slashing interim dividend from 2.50 to 1.50 is very wrong.That affects the annual dividend yield for income investors.And the market will judge it harshly with a tumbling price. Let them pay what they can afford. Cash is king. You don't want it to borrow to pay dividends nor starve itself of cash to make investments. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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POINT OF CORRECTION The EPS (Earning Per Share) history of NMG for the past 3 years are :- 2015........11.8 2016........8.9 2017........6.9 But the board has been TOO GENEROUS to consistently pay 10 Bob dividend by dipping into their reserves for the past 2 years to PLEASE shareholders. Looking forward pro-rating from their HY18 earnings I estimate full year EPS of 4.8 (2018) Vs 6.9(2017) Factoring in 1.5 Bob interim dividend ,I expect a REASONABLE final dividend of 2.5 Bob making a total of 4 Bob from previous years 10 Bob. This is the best way to face reality and channell funds for future growth and bumper dividends . Bamburi did exactly that thereby drastically reducing their dividend payout from 12 Bob in FY 2016 (interim 6 + final 6 Bob) TO 4 Bob in FY 2017 dividend (2.5 interim +1.5 final) I was actually SCARED about the generosity of NMG as I knew it is not sustainable. My 2 cents. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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