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Carbacid FY 2018
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Superprime1
#1 Posted : Monday, October 29, 2018 11:27:05 AM
Rank: Member


Joined: 5/2/2018
Posts: 267
After-tax profit down 15.3% to Sh298.53m
Revenues down by a marginal 0.5% to Sh753.16m
Administrative expenses up 15.4% to Sh175.91m

Proposed dividend maintained at Sh0.70/share
Book closure - Nov 16, 2018
AGM - Dec 11, 2018
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Pesa Nane
#2 Posted : Monday, October 29, 2018 11:49:50 AM
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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Ebenyo
#3 Posted : Monday, October 29, 2018 1:17:56 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.
Towards the goal of financial freedom
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Superprime1
#4 Posted : Monday, October 29, 2018 1:51:11 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
Ebenyo wrote:
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.

At what price did he acquire?
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Ebenyo
#5 Posted : Monday, October 29, 2018 1:59:25 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Superprime1 wrote:
Ebenyo wrote:
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.

At what price did he acquire?


He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed.
Towards the goal of financial freedom
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Superprime1
#6 Posted : Monday, October 29, 2018 2:04:03 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
Ebenyo wrote:
Superprime1 wrote:
Ebenyo wrote:
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.

At what price did he acquire?


He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed.

Even worse are the rising administrative expenses...

Can't help but wonder what's the future of Carbacid...
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obiero
#7 Posted : Tuesday, October 30, 2018 7:32:43 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,506
Location: nairobi
Superprime1 wrote:
Ebenyo wrote:
Superprime1 wrote:
Ebenyo wrote:
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.

At what price did he acquire?


He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed.

Even worse are the rising administrative expenses...

Can't help but wonder what's the future of Carbacid...

Same guy remains second among significant KQ shareholders

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ebenyo
#8 Posted : Tuesday, October 30, 2018 12:29:06 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
obiero wrote:
Superprime1 wrote:
Ebenyo wrote:
Superprime1 wrote:
Ebenyo wrote:
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.

At what price did he acquire?


He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed.

Even worse are the rising administrative expenses...

Can't help but wonder what's the future of Carbacid...

Same guy remains second among significant KQ shareholders


His age is the one for preservation of wealth.Im still in the age of creating wealth.I prefer growing busineses that will grow my money in the long run.
Towards the goal of financial freedom
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VituVingiSana
#9 Posted : Tuesday, October 30, 2018 5:55:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
obiero wrote:
Superprime1 wrote:
Ebenyo wrote:
Superprime1 wrote:
Ebenyo wrote:
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.

At what price did he acquire?


He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed.

Even worse are the rising administrative expenses...

Can't help but wonder what's the future of Carbacid...

Same guy remains second among significant KQ shareholders
We all make mistakes even as astute an investor as BC Patel.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Balaa
#10 Posted : Saturday, November 03, 2018 4:36:05 PM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Out of curiousity: Anyone knows the CEO of Carbacid Investments? Ameekwa chini ya maji sana!
If it don't make dollars, it don't make sense
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Horton
#11 Posted : Saturday, November 03, 2018 4:47:02 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
obiero wrote:
Superprime1 wrote:
Ebenyo wrote:
Superprime1 wrote:
Ebenyo wrote:
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.

At what price did he acquire?


He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed.

Even worse are the rising administrative expenses...

Can't help but wonder what's the future of Carbacid...

Same guy remains second among significant KQ shareholders
We all make mistakes even as astute an investor as BC Patel.


I don’t think CARB would be classified as a mistake. Sure they are going thru a rough patch currently but consider this:
1. Cheapest source of CO2
2. They are also the most expensive on the sell side. To get back market share they need to reduce their prices but this company usually hates price wars
3. They have ZERO DEBT
4. Baloo bought these shares way back before BOCs offer. So he must have recouped his investment several times over.
5. They need to improve their investment income. Since this company is cash rich, it usually invests in NSE mainly and now bonds. Decisions to buy shares from what I have heard is done in-house and sometimes leads to poor buys eg NBK. They need a CIO with experience here
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VituVingiSana
#12 Posted : Sunday, November 04, 2018 12:17:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
obiero wrote:
Superprime1 wrote:
Ebenyo wrote:
Superprime1 wrote:
Ebenyo wrote:
Baloobhai Patel saw an opportunity to preserve his cash with a continous income.

At what price did he acquire?


He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed.

Even worse are the rising administrative expenses...

Can't help but wonder what's the future of Carbacid...

Same guy remains second among significant KQ shareholders
We all make mistakes even as astute an investor as BC Patel. I was referring to BC buying KQ not CARB.


I don’t think CARB would be classified as a mistake. Sure they are going thru a rough patch currently but consider this:
1. Cheapest source of CO2
2. They are also the most expensive on the sell side. To get back market share they need to reduce their prices but this company usually hates price wars
3. They have ZERO DEBT
4. Baloo bought these shares way back before BOCs offer. So he must have recouped his investment several times over.
5. They need to improve their investment income. Since this company is cash rich, it usually invests in NSE mainly and now bonds. Decisions to buy shares from what I have heard is done in-house and sometimes leads to poor buys eg NBK. They need a CIO with experience here

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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