Wazua
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Car & General FY17
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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mulla wrote:tom_boy wrote:Involved in multiple idustries
Trading
Property
Fintech via watu credit
Razor thin trading margins. Issues with importation of goods at the port, long delays. Higher costs.
Property market headed for a glut ( i think). They are looking for an anchor tenant before commencing. Not sure their property dev location has a significant competitive advantage. (where is it by the way).
Now into watu credit. A fintech. Offering mobile loans. "Supporting" mama groups. Wonder how this will pan out.
EPS 2018 up from 1.71 to 5.35.
Feels to me like a very mixed bag kind of company. Looks like they have lost Suzuki dealership to Toyota Kenya. Quite unfortunate as the Uber chapchap is picking alot of traction. However in the long run i think Toyota may be better than C&G for Suzuki as they may be more aggressive in marketing their other brands such as the Vitara etc C&G never held the Suzuki dealership. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/15/2013 Posts: 301
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VituVingiSana wrote:mulla wrote:tom_boy wrote:Involved in multiple idustries
Trading
Property
Fintech via watu credit
Razor thin trading margins. Issues with importation of goods at the port, long delays. Higher costs.
Property market headed for a glut ( i think). They are looking for an anchor tenant before commencing. Not sure their property dev location has a significant competitive advantage. (where is it by the way).
Now into watu credit. A fintech. Offering mobile loans. "Supporting" mama groups. Wonder how this will pan out.
EPS 2018 up from 1.71 to 5.35.
Feels to me like a very mixed bag kind of company. Looks like they have lost Suzuki dealership to Toyota Kenya. Quite unfortunate as the Uber chapchap is picking alot of traction. However in the long run i think Toyota may be better than C&G for Suzuki as they may be more aggressive in marketing their other brands such as the Vitara etc C&G never held the Suzuki dealership. my bad.....rephrase....CMC motors
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Wazua
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Car & General FY17
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