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Flame Tree Group 2019
Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Jubilee has been rough on Manufacturing Start!
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Metch wrote:Jubilee has been rough on Manufacturing what has happened? Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Ebenyo wrote:Metch wrote:Jubilee has been rough on Manufacturing what has happened? The journey has to be completed Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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Metch wrote:Jubilee has been rough on Manufacturing Has any listed manufacturer shown a decent growth in profits since 2017? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/26/2008 Posts: 384
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This quarantine is making me look at shares I have always overlooked. FTGH share price is at 1.01, I am thinking of buying a few for my YOLO portfolio. Their Roto tank products, Zoe and Nature's Own remain key brands for them.
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Rank: New-farer Joined: 12/13/2018 Posts: 28
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xtina wrote:This quarantine is making me look at shares I have always overlooked. FTGH share price is at 1.01, I am thinking of buying a few for my YOLO portfolio. Their Roto tank products, Zoe and Nature's Own remain key brands for them. My approach as a relative newbie is to add to what I had started accumulating now that the price is at levels I hadn't dreamed would ever return. Pesa tu ndio limitation.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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They have taken advantage of covid -19 and started manufacturing hand sanitizers which are currently in very high demand...zoe hand sanitizer is being seen in many outlets
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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2019 FY ResultsQuote:
- Flame Tree Group pre-tax profit up 115%
- Profits for FY2019 up by KES 48.3M
Profitable, but still no dividend.
Positive Short-Term Effects of Covid 19 on FTGQuote:
During the first Quarter of 2020 we have experienced:
- increase in sales of hand-washing stations
- increase in sales of hand sanitizers
- decrease of the price of plastic raw materials in the international market, following the drastic
drop of fuel prices.
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Rank: Member Joined: 3/16/2019 Posts: 313
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Receptor wrote:Another ARM cement kind of situation loading.....run for your wife Flame Tree sets sights on corporate bond
Quote:Flame Tree Group intends to issue a corporate bond to fund growth despite the reduced investor appetite following loss of money in Chase and Imperial bank securities.
Chief executive Heril Bangera says in the latest annual report the firm is working on issuing the bond to help the Nairobi Securities Exchange-listed firm grow. Quote:The bond plans come on the back of FTG having secured Sh905 million ($8.5 million) credit line from SBM bank to improve working capital and fund growth even as it froze payment on maturing loans in the wake of coronavirus. “There is a project ongoing to issue corporate bonds. Even if the amount we may reach is not as high as we target, still we are confident these new funds will come to support FTG,” says Mr Bangera. ICYMI Chase Bank, Imperial Bank, ARM and Nakumatt are some of the firms that have sunk after they issued corporate bonds. Is it different this time?
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Rank: Member Joined: 3/20/2008 Posts: 503
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kmucheke wrote:Receptor wrote:Another ARM cement kind of situation loading.....run for your wife Flame Tree sets sights on corporate bond
Quote:Flame Tree Group intends to issue a corporate bond to fund growth despite the reduced investor appetite following loss of money in Chase and Imperial bank securities.
Chief executive Heril Bangera says in the latest annual report the firm is working on issuing the bond to help the Nairobi Securities Exchange-listed firm grow. Quote:The bond plans come on the back of FTG having secured Sh905 million ($8.5 million) credit line from SBM bank to improve working capital and fund growth even as it froze payment on maturing loans in the wake of coronavirus. “There is a project ongoing to issue corporate bonds. Even if the amount we may reach is not as high as we target, still we are confident these new funds will come to support FTG,” says Mr Bangera. ICYMI Chase Bank, Imperial Bank, ARM and Nakumatt are some of the firms that have sunk after they issued corporate bonds. Is it different this time? Very true.....RUN
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Rank: New-farer Joined: 3/28/2016 Posts: 36 Location: nairobi
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xxxxx wrote:kmucheke wrote:Receptor wrote:Another ARM cement kind of situation loading.....run for your wife Flame Tree sets sights on corporate bond
Quote:Flame Tree Group intends to issue a corporate bond to fund growth despite the reduced investor appetite following loss of money in Chase and Imperial bank securities.
Chief executive Heril Bangera says in the latest annual report the firm is working on issuing the bond to help the Nairobi Securities Exchange-listed firm grow. Quote:The bond plans come on the back of FTG having secured Sh905 million ($8.5 million) credit line from SBM bank to improve working capital and fund growth even as it froze payment on maturing loans in the wake of coronavirus. “There is a project ongoing to issue corporate bonds. Even if the amount we may reach is not as high as we target, still we are confident these new funds will come to support FTG,” says Mr Bangera. ICYMI Chase Bank, Imperial Bank, ARM and Nakumatt are some of the firms that have sunk after they issued corporate bonds. Is it different this time? Very true.....RUN Lets see the return. If its high like ARM, you will know that these guys are desperate and the bond will be a non-starter.
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Flame Tree Group 2019
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