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Longhorn HY 2019 results
Ebenyo
#1 Posted : Tuesday, February 19, 2019 3:40:02 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
revenue kshs 697,565,000 up 73%
net profit kshs 68,831 up 52%
Towards the goal of financial freedom
mlennyma
#2 Posted : Tuesday, February 19, 2019 4:27:01 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,173
Location: nairobi
Ebenyo wrote:
revenue kshs 697,565,000 up 73%
net profit kshs 68,831 up 52%

A chemist shop in town makes more
"Don't let the fear of losing be greater than the excitement of winning."
hardwood
#3 Posted : Tuesday, February 19, 2019 4:52:49 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
So each month they made a profit of about 5k, which is less than what a house girl makes over the same period.
S.Mutaga III
#4 Posted : Tuesday, February 19, 2019 4:59:32 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
It's 68.8 million. That's over 11 million in net profit per month. I don't think there are many chemists if any that make over 11 million NET profit per month. Also, Longhorn typically makes most of its money in the second half i.e Jan-June due to the nature of its business. I wont be surprised if the net profit surpasses 200 million in FY.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Ebenyo
#5 Posted : Tuesday, February 19, 2019 5:23:13 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
hardwood wrote:
So each month they made a profit of about 5k, which is less than what a house girl makes over the same period.


im sorry for the error.Its kshs 68,831,000
Towards the goal of financial freedom
tom_boy
#6 Posted : Wednesday, February 20, 2019 12:27:00 PM
Rank: Member


Joined: 2/20/2007
Posts: 767
Hardly a blip on the share price
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
Ericsson
#7 Posted : Wednesday, February 20, 2019 12:27:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
tom_boy wrote:
Hardly a blip on the share price


https://www.businessdail...990430-3qdomr/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
littledove
#8 Posted : Friday, September 06, 2019 8:35:55 AM
Rank: Member


Joined: 7/1/2014
Posts: 895
Location: sky
https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.html
Longhorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans.

It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement.
..............
The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan.

The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital.

There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ericsson
#9 Posted : Friday, September 06, 2019 11:08:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.html
Longhorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans.

It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement.
..............
The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan.

The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital.


James Mworia@MworiaJ
Longhorns borrowing is Kshs 364mm at an average interest rate of 14%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Mastermind
#10 Posted : Friday, September 06, 2019 12:35:14 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
Ericsson wrote:
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.html
Longhorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans.

It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement.
..............
The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan.

The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital.


James Mworia@MworiaJ
Longhorns borrowing is Kshs 364mm at an average interest rate of 14%.


If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
Ericsson
#11 Posted : Friday, September 06, 2019 12:37:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Mastermind wrote:
Ericsson wrote:
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.html
Longhorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans.

It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement.
..............
The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan.

The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital.


James Mworia@MworiaJ
Longhorns borrowing is Kshs 364mm at an average interest rate of 14%.




Business daily at it's best
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Mastermind
#12 Posted : Friday, September 06, 2019 12:55:51 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing?
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
Ericsson
#13 Posted : Friday, September 06, 2019 1:05:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Mastermind wrote:
@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing?

Between James Mworia and Business Daily who is saying the truth
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Mastermind
#14 Posted : Friday, September 06, 2019 2:35:27 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
Ericsson wrote:
Mastermind wrote:
@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing?

Between James Mworia and Business Daily who is saying the truth




Here we go!
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
Ericsson
#15 Posted : Friday, September 06, 2019 3:27:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing?

Between James Mworia and Business Daily who is saying the truth




Here we go!


So Mworia was lying
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Mastermind
#16 Posted : Friday, September 06, 2019 4:00:20 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
Ericsson wrote:
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing?

Between James Mworia and Business Daily who is saying the truth




Here we go!


So Mworia was lying


Let him show us what we are missing.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
Ericsson
#17 Posted : Sunday, September 08, 2019 5:33:04 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing?

Between James Mworia and Business Daily who is saying the truth




Here we go!


So Mworia was lying


Let him show us what we are missing.

@vvs would say he has skin in the game
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#18 Posted : Monday, September 09, 2019 12:22:25 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
Ericsson wrote:
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing?

Between James Mworia and Business Daily who is saying the truth




Here we go!


So Mworia was lying
Longhorns borrowing is Kshs 364mm at an average interest rate of 14%.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#19 Posted : Monday, September 09, 2019 12:28:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
Ericsson wrote:
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing?

Between James Mworia and Business Daily who is saying the truth




Here we go!


So Mworia was lying


Let him show us what we are missing.

@vvs would say he has skin in the game
Mworia has 5mn+ shares. Almost 0.75% shareholding. Significant money in Centum.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
BKB
#20 Posted : Tuesday, September 10, 2019 2:49:17 PM
Rank: New-farer


Joined: 1/14/2015
Posts: 16
Location: Ngamia 1
2:49 EAT

Shares traded: 105K
Share price: Ksh 5.54
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