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Bamburi Cement 2019
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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xxxxx wrote:heri wrote:Ericsson wrote:lochaz-index wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? Bamburi Cement has hit new 17 year low. From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH. will such opportunities come by again in my lifetime? Now's your opportunity to load up on Bamburi Effects of cement price wars. Life is short. Live passionately.
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Rank: Member Joined: 3/20/2008 Posts: 503
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sparkly wrote:xxxxx wrote:heri wrote:Ericsson wrote:lochaz-index wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? Bamburi Cement has hit new 17 year low. From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH. will such opportunities come by again in my lifetime? Now's your opportunity to load up on Bamburi Effects of cement price wars. Will it go below 60?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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xxxxx wrote:sparkly wrote:xxxxx wrote:heri wrote:Ericsson wrote:lochaz-index wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? Bamburi Cement has hit new 17 year low. From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH. will such opportunities come by again in my lifetime? Now's your opportunity to load up on Bamburi Effects of cement price wars. Will it go below 60? No one knows. I thought NMG was a steal at 120. Now the thing is trading at 35! Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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This marks the end of EAPC and Bamburi as well Towards the goal of financial freedom
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ebenyo wrote:This marks the end of EAPC and Bamburi as well UMK didnt participate in the killing of EAPC. Bad governance and management killed it. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote:This marks the end of EAPC and Bamburi as well Bamburi can't die.It has it's niche market Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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EA Portland and Bamburi cement will be joined together/merged. Mark this post. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Angelica _ann wrote:Ebenyo wrote:This marks the end of EAPC and Bamburi as well UMK didnt participate in the killing of EAPC. Bad governance and management killed it. As Head of State, he should be concerned with how EAPC, a State Corporation is doing before launching private cement companies. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:Angelica _ann wrote:Ebenyo wrote:This marks the end of EAPC and Bamburi as well UMK didnt participate in the killing of EAPC. Bad governance and management killed it. As Head of State, he should be concerned with how EAPC, a State Corporation is doing before launching private cement companies. EAPC was looted to the bone marrow and denied business because of 10% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Bamburi closes at 66.50 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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Ericsson wrote:Bamburi closes at 66.50 This one's a falling knife, a la NMG. I stopped averaging @90. Poised to drop further. 60 could be calling.  If it don't make dollars, it don't make sense
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Balaa wrote:Ericsson wrote:Bamburi closes at 66.50 This one's a falling knife, a la NMG. I stopped averaging @90. Poised to drop further. 60 could be calling. https://pbs.twimg.com/me...mat=jpg&name=900x900Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/20/2008 Posts: 503
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Balaa wrote:Ericsson wrote:Bamburi closes at 66.50 This one's a falling knife, a la NMG. I stopped averaging @90. Poised to drop further. 60 could be calling. Hahaha...you should go all in. If you bought it at 90 a few weeks back, and it was a good investment, why not buy it at 60?
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:Bamburi closes at 66.50 Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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lochaz-index wrote:Ericsson wrote:Bamburi closes at 66.50 Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal. https://pbs.twimg.com/me...mat=jpg&name=900x900Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Ericsson wrote:lochaz-index wrote:Ericsson wrote:Bamburi closes at 66.50 Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal. https://pbs.twimg.com/me...at=jpg&name=900x900  Jamaa says banning imports of clinker will make cement cheaper. How now? Jamaa just wants to fleece Kenyans by providing clinker at higher prices than the imports. Let him compete vs the imported clinker. On the high cost and unreliability of electricity supply, he has a point. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:Ericsson wrote:lochaz-index wrote:Ericsson wrote:Bamburi closes at 66.50 Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal. https://pbs.twimg.com/me...at=jpg&name=900x900 Jamaa says banning imports of clinker will make cement cheaper. How now? Jamaa just wants to fleece Kenyans by providing clinker at higher prices than the imports. Let him compete vs the imported clinker. On the high cost and unreliability of electricity supply, he has a point. hhehehehe,,,.. Guru has spilled the beans about ARM in todays sub-Standard. Kumbe our factory in kaloleni was outdated by 25 years.. Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Fyatu wrote:VituVingiSana wrote:Ericsson wrote:lochaz-index wrote:Ericsson wrote:Bamburi closes at 66.50 Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal. https://pbs.twimg.com/me...at=jpg&name=900x900 Jamaa says banning imports of clinker will make cement cheaper. How now? Jamaa just wants to fleece Kenyans by providing clinker at higher prices than the imports. Let him compete vs the imported clinker. On the high cost and unreliability of electricity supply, he has a point. hhehehehe,,,.. Guru has spilled the beans about ARM in todays sub-Standard. Kumbe our factory in kaloleni was outdated by 25 years.. Post link 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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Ericsson wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:lochaz-index wrote:Ericsson wrote:Bamburi closes at 66.50 Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal. https://pbs.twimg.com/me...at=jpg&name=900x900 Jamaa says banning imports of clinker will make cement cheaper. How now? Jamaa just wants to fleece Kenyans by providing clinker at higher prices than the imports. Let him compete vs the imported clinker. On the high cost and unreliability of electricity supply, he has a point. hhehehehe,,,.. Guru has spilled the beans about ARM in todays sub-Standard. Kumbe our factory in kaloleni was outdated by 25 years.. Post link That Muhindi Paunrana really did us in...... LINKDumb money becomes dumb only when it listens to smart money
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