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Ericsson		#1 Posted : Thursday, February 20, 2020 10:05:34 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		https://pbs.twimg.com/me...rmat=jpg&name=large Net working capital collapsed by 74% to Sh901m from Sh3.4bn in FY18, while non-current assets surged 17% to Sh10.7bn. Book value stands at Sh97.15 & ROaE for FY19 was 41% Operating profit margin collapsed mainly on regulatory costs due to introduction of new Solatium levy. Company has introduced new product of modern oral nicotine pouches without tobacco & a lot of internal cash was invested in the new factory. The decrease in working capital can be partly attributed to prudent cash management, as reflected by the decrease in finance costs. Final dividend of ksh.30 per share bringing total dividend per share at 33.50 compared to 35 the previous year Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#2 Posted : Thursday, February 20, 2020 10:19:44 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ericsson wrote: https://pbs.twimg.com/media/ERMzHQQXkAAfCEH?format=jpg&name=large Net working capital collapsed by 74% to Sh901m from Sh3.4bn in FY18, while non-current assets surged 17% to Sh10.7bn. Book value stands at Sh97.15 & ROaE for FY19 was 41% Operating profit margin collapsed mainly on regulatory costs due to introduction of new Solatium levy. Company has introduced new product of modern oral nicotine pouches without tobacco & a lot of internal cash was invested in the new factory. The decrease in working capital can be partly attributed to prudent cash management, as reflected by the decrease in finance costs. Final dividend of ksh.30 per share bringing total dividend per share at 33.50 compared to 35 the previous year Good perfomance in the circumstances. Life is short. Live passionately.
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Angelica _ann		#3 Posted : Thursday, February 20, 2020 11:07:11 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		Good performance, though the investment is under siege. The new factory will expand production in next few years. Tax regime onslaught continues, what will they introduce next Dividend has been reducing YoY for the last 3 years. 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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VituVingiSana		#4 Posted : Thursday, February 20, 2020 11:21:40 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Angelica _ann wrote: Good performance, though the investment is under siege. The new factory will expand production in next few years. Tax regime onslaught continues, what will they introduce next Dividend has been reducing YoY for the last 3 years. The "shortfall" in dividends is going towards a good cause. Investment. The LYFT factory should boost sales in future years but there will be need to hold back funds for a few years to build capacity. If LYFT is successful then the potential for export is huge. https://www.lyft.co.uk Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Angelica _ann		#5 Posted : Thursday, February 20, 2020 11:29:06 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		VituVingiSana wrote: Angelica _ann wrote: Good performance, though the investment is under siege. The new factory will expand production in next few years. Tax regime onslaught continues, what will they introduce next Dividend has been reducing YoY for the last 3 years. The "shortfall" in dividends is going towards a good cause. Investment. The LYFT factory should boost sales in future years but there will be need to hold back funds for a few years to build capacity. If LYFT is successful then the potential for export is huge. https://www.lyft.co.uk The LYFT will be for this market or export? I don't see them around 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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Angelica _ann		#6 Posted : Thursday, February 20, 2020 3:22:10 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		solatium compensation contribution levy of two percent on manufactured tobacco products. Solatium levy is used by government to fund tobacco control research and cessation and rehabilitation programmes. Knowing GoK, the 2% is high and will also amount to nothing. Just hurting businesses and investment environment. 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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sparkly		#7 Posted : Thursday, February 20, 2020 5:00:46 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Angelica _ann wrote: solatium compensation contribution levy of two percent on manufactured tobacco products. Solatium levy is used by government to fund tobacco control research and cessation and rehabilitation programmes. Knowing GoK, the 2% is high and will also amount to nothing. Just hurting businesses and investment environment. Sort of an NSSF for smokers Is there one for consumers of frothy drinks? Life is short. Live passionately.
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VituVingiSana		#8 Posted : Thursday, February 20, 2020 8:32:12 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Angelica _ann wrote: VituVingiSana wrote: Angelica _ann wrote: Good performance, though the investment is under siege. The new factory will expand production in next few years. Tax regime onslaught continues, what will they introduce next Dividend has been reducing YoY for the last 3 years. The "shortfall" in dividends is going towards a good cause. Investment. The LYFT factory should boost sales in future years but there will be need to hold back funds for a few years to build capacity. If LYFT is successful then the potential for export is huge. https://www.lyft.co.uk The LYFT will be for this market or export? I don't see them around New product. I am a non-smoker so I do not go looking for these BTW, I do not encourage smoking or use of tobacco/nicotine. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#9 Posted : Thursday, February 20, 2020 8:33:45 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		sparkly wrote: Angelica _ann wrote: solatium compensation contribution levy of two percent on manufactured tobacco products. Solatium levy is used by government to fund tobacco control research and cessation and rehabilitation programmes. Knowing GoK, the 2% is high and will also amount to nothing. Just hurting businesses and investment environment. Sort of an NSSF for smokers Is there one for consumers of frothy drinks? This money will be chewed, smoked & sucked by the recipients. No different from NHIF & NSSF. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ebenyo		#10 Posted : Friday, February 21, 2020 10:37:55 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		BAT looks very much a favourite of Gok.Excise duty and value added tax of kshs 15,788,000 is a reprieve for a debt ridden treasury. Towards the goal of financial freedom
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