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NMG FY 2018 and Beyond
wukan
#61 Posted : Sunday, April 19, 2020 12:16:29 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,386
This newspaper needs an editorial overhaul. When they come with a headline like this "Lack of diaspora evacuation budget has roots in Moi era", just shows mindset stuck in the Moi period.
obiero
#62 Posted : Sunday, April 19, 2020 3:43:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,698
Location: nairobi
wukan wrote:
This newspaper needs an editorial overhaul. When they come with a headline like this "Lack of diaspora evacuation budget has roots in Moi era", just shows mindset stuck in the Moi period.

I agree
www.winda.co.ke
Ericsson
#63 Posted : Sunday, April 19, 2020 6:54:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
wukan wrote:
This newspaper needs an editorial overhaul. When they come with a headline like this "Lack of diaspora evacuation budget has roots in Moi era", just shows mindset stuck in the Moi period.


Ni uchungu ya what Moi did to them
Ericsson
#64 Posted : Monday, April 20, 2020 1:15:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5
sparkly
#65 Posted : Monday, April 20, 2020 8:01:53 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,733
Location: Enk are Nyirobi
Ericsson wrote:
FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5


Link?
Life is short. Live passionately.
littledove
#66 Posted : Monday, April 20, 2020 8:51:38 AM
Rank: Member


Joined: 7/1/2014
Posts: 775
Location: sky
sparkly wrote:
Ericsson wrote:
FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5


Link?


https://kenyanwallstreet.com/nation-media-fy-2019-earnings-decline-18-5-to-ksh-856-million/
Nation Media Group recorded a fall in net earnings of KSh 856 Million down from KSh 1.1 billion the previous financial year.

Turnover also declined to KSh 9.1 billion in 2019 from KSh 9.7 billion the previous year. Gross Profit declined from KSh 1.6 billion to KSh 1.3 billion during the period under consideration.

Total comprehensive income declined to KSh 826.6 Million from KSh 1.1 billion. Directors of the media house attribute this poor performance to higher prices of newsprint and a reduction in advertising spend due to an adverse business environment.

Directors have recommended a bonus share issue of one share for every 10 held in the capital of the company. These new shares will not qualify for payment of any dividend for the year 2019.
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
#67 Posted : Monday, April 20, 2020 10:15:37 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5


Link?


https://www.nse.co.ke/issuer-announcements.html
Angelica _ann
#68 Posted : Monday, April 20, 2020 11:27:45 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,486
Ericsson wrote:
sparkly wrote:
[quote=Ericsson]FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5


Link?


https://www.nse.co.ke/issuer-announcements.html[/quote]

Share price not moved at all!!!! smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Balaa
#69 Posted : Monday, April 20, 2020 11:51:32 AM
Rank: Member


Joined: 7/6/2018
Posts: 125
Location: Kinshasa
Ericsson wrote:
FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5

Thought that should be the interim dividend paid? The directors did not recommend payment of a final div.
Ericsson
#70 Posted : Monday, April 20, 2020 12:14:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
Balaa wrote:
Ericsson wrote:
FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5

Thought that should be the interim dividend paid? The directors did not recommend payment of a final div.


Correct
Ebenyo
#71 Posted : Tuesday, April 21, 2020 6:57:45 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,821
Location: Kitale
Angelica _ann wrote:
Ericsson wrote:
sparkly wrote:
[quote=Ericsson]FY2019 Profit after tax at ksh.856mn
Dividend per share ksh.1.5


Link?


https://www.nse.co.ke/issuer-announcements.html[/quote]

Share price not moved at all!!!! smile



The price had factored this news early.
Towards the goal of financial freedom
Ericsson
#72 Posted : Saturday, May 02, 2020 8:49:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
https://kenyanwallstreet...s-salaries-by-up-to-35/

The Nation Media Group (NMG), considered the largest media firm in the region, has announced plans to slash salaries for its employees, a move that seeks to cushion the media house from the impacts of COVID-19 that has seen business across all sectors take a dip, revenue-wise.

According to a statement signed by NMG Group Executive Director, Stephen Gitagama, there will be a temporary reduction in the pay for all staff earning a gross monthly income of KSh50,000 and above, ranging between 5% and 35%, depending on earnings.

The Group further reports that its Board of Directors has also taken a reduction in their Director’s fee.
whiteowl
#73 Posted : Tuesday, May 12, 2020 10:06:39 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,412
Location: Bohemian Grove
This stock is why "long term" investors should always sleep with one eye wide open.Its now heading to 5 Bob.NSE has transformed a horse into a monkey in just under 4 years. That's a miracle of biblical proportion!
lochaz-index
#74 Posted : Tuesday, May 12, 2020 10:43:37 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,119
whiteowl wrote:
This stock is why "long term" investors should always sleep with one eye wide open.Its now heading to 5 Bob.NSE has transformed a horse into a monkey in just under 4 years. That's a miracle of biblical proportion!

From highs of 300+ to now heading for sub 20...that is quite a brutal ride. A double digit dividend yield failed to dam the tide. Buy and hold strategy hasn't been kind to its adherents these last few years.
The main purpose of the stock market is to make fools of as many people as possible.
watesh
#75 Posted : Tuesday, May 12, 2020 11:11:28 AM
Rank: Member


Joined: 8/10/2014
Posts: 810
Location: Kenya
whiteowl wrote:
This stock is why "long term" investors should always sleep with one eye wide open.Its now heading to 5 Bob.NSE has transformed a horse into a monkey in just under 4 years. That's a miracle of biblical proportion!

The Group's business model has been decimated on all fronts by the internet.
Ericsson
#76 Posted : Tuesday, May 12, 2020 2:04:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
watesh wrote:
whiteowl wrote:
This stock is why "long term" investors should always sleep with one eye wide open.Its now heading to 5 Bob.NSE has transformed a horse into a monkey in just under 4 years. That's a miracle of biblical proportion!

The Group's business model has been decimated on all fronts by the internet.


The Group Business model needs to change.
If I was Aga Khan I would delist the company
moneydust
#77 Posted : Tuesday, May 12, 2020 5:22:46 PM
Rank: Member


Joined: 1/31/2007
Posts: 299
whiteowl wrote:
This stock is why "long term" investors should always sleep with one eye wide open.Its now heading to 5 Bob.NSE has transformed a horse into a monkey in just under 4 years. That's a miracle of biblical proportion!



That's why I have always argued that my "long term" is a series of short terms.
rwitre
#78 Posted : Wednesday, May 13, 2020 11:29:57 AM
Rank: Member


Joined: 3/8/2018
Posts: 429
Location: Nairobi
Ericsson wrote:
watesh wrote:
whiteowl wrote:
This stock is why "long term" investors should always sleep with one eye wide open.Its now heading to 5 Bob.NSE has transformed a horse into a monkey in just under 4 years. That's a miracle of biblical proportion!

The Group's business model has been decimated on all fronts by the internet.


The Group Business model needs to change.
If I was Aga Khan I would delist the company


Extremely oversold.

But markets can remain irrational longer than you can remain solvent.
sparkly
#79 Posted : Wednesday, May 13, 2020 1:46:04 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,733
Location: Enk are Nyirobi
rwitre wrote:
Ericsson wrote:
watesh wrote:
whiteowl wrote:
This stock is why "long term" investors should always sleep with one eye wide open.Its now heading to 5 Bob.NSE has transformed a horse into a monkey in just under 4 years. That's a miracle of biblical proportion!

The Group's business model has been decimated on all fronts by the internet.


The Group Business model needs to change.
If I was Aga Khan I would delist the company


Extremely oversold.

But markets can remain irrational longer than you can remain solvent.


This share has really burnt me, waah!
Life is short. Live passionately.
Ericsson
#80 Posted : Wednesday, May 13, 2020 2:58:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
Standard Group Share price has overtaken NMG's
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