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Williamson Tea & Kapchorua
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Mastermind wrote:
They have also issued theirs as expected.
 Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 5/6/2008 Posts: 199
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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FY 2018-19 profits are going to be awful. FY 2019-20 1H looks bad. Low tea prices. Drought conditions last year. Excess - flooding/heavy vs good, steady, even rains - rains in some parts. Politics. Though, given the cyclical nature of this industry, I am staying out for now. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Williamson tea might pull a surprise by declaring juicy dividend given their huge cash at bank
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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FUNKY wrote:Williamson tea might pull a surprise by declaring juicy dividend given their huge cash at bank The most one can reasonably expect is the same as FY 2018. Both WTK and KTC have cash in the bank. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/2/2018 Posts: 267
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VituVingiSana wrote:FUNKY wrote:Williamson tea might pull a surprise by declaring juicy dividend given their huge cash at bank The most one can reasonably expect is the same as FY 2018. Both WTK and KTC have cash in the bank. Even that is being a bit too optimistic; a 50% cut in dividend might perhaps suffice. Realistic in this scenario. Yet, this would still be a good yield. My thoughts.
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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The profits for 2018-19 might be the lowest seen in years! And 2019-20 is looking very weak for tea. Low, low prices at auction. 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: 18,098 Location: Nairobi
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Superprime1 wrote:VituVingiSana wrote:FUNKY wrote:Williamson tea might pull a surprise by declaring juicy dividend given their huge cash at bank The most one can reasonably expect is the same as FY 2018. Both WTK and KTC have cash in the bank. Even that is being a bit too optimistic; a 50% cut in dividend might perhaps suffice. Realistic in this scenario. Yet, this would still be a good yield. My thoughts. WTK FY 2019 Div 20/- KTC FY 2019 Div 10/-   Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/2/2018 Posts: 267
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VituVingiSana wrote:Superprime1 wrote:VituVingiSana wrote:FUNKY wrote:Williamson tea might pull a surprise by declaring juicy dividend given their huge cash at bank The most one can reasonably expect is the same as FY 2018. Both WTK and KTC have cash in the bank. Even that is being a bit too optimistic; a 50% cut in dividend might perhaps suffice. Realistic in this scenario. Yet, this would still be a good yield. My thoughts. WTK FY 2019 Div 20/- KTC FY 2019 Div 10/- Absolutely awesome, sweet dividend! By all means I didn't anticipate considering the performance outlook, but as they said, "persistent demand for higher dividend during times of good performance" made them decide to maintain last year's payout from retained earnings. Good stuff from these ever-pessimistic people!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Superprime1 wrote:VituVingiSana wrote:Superprime1 wrote:VituVingiSana wrote:FUNKY wrote:Williamson tea might pull a surprise by declaring juicy dividend given their huge cash at bank The most one can reasonably expect is the same as FY 2018. Both WTK and KTC have cash in the bank. Even that is being a bit too optimistic; a 50% cut in dividend might perhaps suffice. Realistic in this scenario. Yet, this would still be a good yield. My thoughts. WTK FY 2019 Div 20/- KTC FY 2019 Div 10/- Absolutely awesome, sweet dividend! By all means I didn't anticipate considering the performance outlook, but as they said, "persistent demand for higher dividend during times of good performance" made them decide to maintain last year's payout from retained earnings. Good stuff from these ever-pessimistic people! Absolutely fantastic. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Superprime1 wrote:VituVingiSana wrote:Superprime1 wrote:VituVingiSana wrote:FUNKY wrote:Williamson tea might pull a surprise by declaring juicy dividend given their huge cash at bank The most one can reasonably expect is the same as FY 2018. Both WTK and KTC have cash in the bank. Even that is being a bit too optimistic; a 50% cut in dividend might perhaps suffice. Realistic in this scenario. Yet, this would still be a good yield. My thoughts. WTK FY 2019 Div 20/- KTC FY 2019 Div 10/- Absolutely awesome, sweet dividend! By all means I didn't anticipate considering the performance outlook, but as they said, "persistent demand for higher dividend during times of good performance" made them decide to maintain last year's payout from retained earnings. Good stuff from these ever-pessimistic people!  They are always crying and making shareholders cry with joy too! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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.. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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when is Kapchorua paying dividends? Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Fyatu wrote:when is Kapchorua paying dividends? Bado! Book closure is 31 July 2019 Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Pesa Nane wrote:Fyatu wrote:when is Kapchorua paying dividends? Bado! Book closure is 31 July 2019 Shukran Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 5/2/2018 Posts: 267
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Kapchorua now trading at a premium over the sibling (or is it parent?) WTK.
Those chasing dividend would be better of buying WTK, a sligtly higher yield. But then again, this is the market.
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Six-month tea export earnings fall by Sh100m https://www.businessdail...1822-1cs4djz/index.html
It's going to be very, very ugly for WTK and KTC Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/6/2008 Posts: 199
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I quote Kakuzi Plc Chairman’s Statement for the period of six months to 30 June 2019 Quote:Tea operations remain under pressure given the record volumes in the Kenyan market, coupled with political and currency volatility in some of our export markets. The outlook for tea this year is a concern. Quote:Whilst the Company is less exposed to tea the extreme decline in tea prices is of great concern. Average Mombasa tea prices have in recent months reduced to levels not seen for ten years.
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Rank: Member Joined: 5/2/2018 Posts: 267
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Indeed, it'll be very ugly, and messy, this time! What to do, na tuko ndani? 
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