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Nation Media Group HY 2019 profit down 24%
Rank: Elder Joined: 12/4/2009 Posts: 10,773 Location: NAIROBI
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mlennyma wrote:After gamblers make the share recover, the buyout plan will be shelved Share price on reverse gear. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Ericsson wrote:mlennyma wrote:After gamblers make the share recover, the buyout plan will be shelved Share price on reverse gear. And the reversal has been brutal.
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Rank: Elder Joined: 6/23/2009 Posts: 13,714 Location: nairobi
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Queen wrote:Ericsson wrote:mlennyma wrote:After gamblers make the share recover, the buyout plan will be shelved Share price on reverse gear. And the reversal has been brutal. Kaa mbali sana
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Hello Joined: 6/16/2019 Posts: 8
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Queen wrote:Ericsson wrote:mlennyma wrote:After gamblers make the share recover, the buyout plan will be shelved Share price on reverse gear. And the reversal has been brutal. Hii itacheza kama ScanGroup last year after 8 bob dividends. Kurushia kuku mahindi You kill bird...bird dead snake come.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:sparkly wrote:maka wrote:sparkly wrote:Ebenyo wrote:Ericsson wrote:https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1
NMG wants to do a share buyback of 10% of its issued shares to boost the share price Good move.As long as they buy in a good price that represent fair value of the company. The lower the buying price, the better for them. I will througn in a few coins to lower by ABP which stands at around 52 bob. Wueeeh hapa mulichomeka.  Kuungua my fren. My capital loss is KShs 250k 😪😪😪 https://pbs.twimg.com/me...at=jpg&name=900x900
Omba wanunue at ksh.60 The NAV of 2019 results was 41.So they won't buy below 41 Towards the goal of financial freedom
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Having an analogue board in a digital world is suicide. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Was it not wise and economical for this guys to start the buyback quietly at low prices instead of blowing the trumpet? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,190 Location: Nairobi
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mlennyma wrote:Was it not wise and economical for this guys to start the buyback quietly at low prices instead of blowing the trumpet? Are they legally allowed to do so? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/24/2008 Posts: 112
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NMG/Jubilee/DTB/Serena - same wazzap group?
Share prices on all have taken a hammering over the last couple of years...
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:mlennyma wrote:Was it not wise and economical for this guys to start the buyback quietly at low prices instead of blowing the trumpet? Are they legally allowed to do so? No.CMA must be involved. Towards the goal of financial freedom
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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"Is this the long awaited inflexion Point?" Quote:PERFORMANCE
The recovery in business performance that started in the second half of 2020 has continued to hold up to June 2021, mainly attributable to growth in print and television advertising revenue, digital advertising revenue, E paper and Nation.Africa subscriptions.
Commentary
Advertisers faced devastating financial challenges, scaled down operations and held back marketing activities in a fight for survival and several closed down...
Translated roughly The traditional advertising and media cheese model has moved for good. Source: https://www.rich.co.ke/rcdata/company.php?i=MTA%3D
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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[quote=aemathenge]"Is this the long awaited inflexion Point?" Quote:PERFORMANCE
The recovery in business performance that started in the second half of 2020 has continued to hold up to June 2021, mainly attributable to growth in print and television advertising revenue, digital advertising revenue, E paper and Nation.Africa subscriptions.
Commentary
Advertisers faced devastating financial challenges, scaled down operations and held back marketing activities in a fight for survival and several closed down...
Translated roughly The traditional advertising and media cheese model has moved for good. Source: https://www.rich.co.ke/r...ta/company.php?i=MTA%3D[/quote] The turnaround is paying off Towards the goal of financial freedom
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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Lots of cash on the balance sheet and they still dont declare an interim. Perhaps they don't want to excite the share price before they complete their buybacks. They talk about future investments blah blah blah; they really should be more aggressive in the buyback scheme. Like buying more than 1 billion upwards worth - rather than the paltry 400M that is currently ongoing.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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My 2 cents wrote:Lots of cash on the balance sheet and they still dont declare an interim. Perhaps they don't want to excite the share price before they complete their buybacks. They talk about future investments blah blah blah; they really should be more aggressive in the buyback scheme. Like buying more than 1 billion upwards worth - rather than the paltry 400M that is currently ongoing. Towards the goal of financial freedom
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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It sort of shows lack of long-term thinking when in 2020 they give a 1-10 bonus, hence creating more shares. Then in 2021 turn around and mop up 10% of the share pool. Lack of foresight, lack of direction. Kuyumbayumba tu. I cringe when I read their annual reports, littered with pictures of old men in oversize suits trying to steer an old and dying business model in a new digital age. Laughable. They should hand the strategic thinking for this company to younger folks.
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Rank: Chief Joined: 1/3/2007 Posts: 18,190 Location: Nairobi
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Elephant Man wrote:NMG/Jubilee/DTB/Serena - same wazzap group?
Share prices on all have taken a hammering over the last couple of years...
Most NSE counters have been hammered regardless of financial performance. Of the 4... TPSEA got whacked out of the blue esp COVID. And the problems started with PEV2008 when tourism was devastated. Jubilee is the best financial performer. Lots of cash equivalents and cash-earning assets. DTB is all about self-inflicted wounds. NMG is in an industry that started dying years ago. Even its other foreign counterparts have been hurt. Warren Buffett gave up and sold off Berkshire's media assets. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,190 Location: Nairobi
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My 2 cents wrote:It sort of shows lack of long-term thinking when in 2020 they give a 1-10 bonus, hence creating more shares. Then in 2021 turn around and mop up 10% of the share pool. Lack of foresight, lack of direction. Kuyumbayumba tu. I cringe when I read their annual reports, littered with pictures of old men in oversize suits trying to steer an old and dying business model in a new digital age. Laughable. They should hand the strategic thinking for this company to younger folks. I found this odd too. They should have paid a dividend instead. That said, the buyback does amount to a tax-free dividend of sorts if you sell your "bonus" to NMG but I agree it doesn't make sense to me. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,190 Location: Nairobi
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My 2 cents wrote:Lots of cash on the balance sheet and they still dont declare an interim. Perhaps they don't want to excite the share price before they complete their buybacks. They talk about future investments blah blah blah; they really should be more aggressive in the buyback scheme. Like buying more than 1 billion upwards worth - rather than the paltry 400M that is currently ongoing. On the interim dividend, it may not be on their agenda. I like interim dividends but they are a lot of work for nothing for listed firms when one considers the costs of paying dividends. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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In more developed capital markets, most dividends are actually paid quarterly. In Kenya, the holdings per investor are too small so perhaps interims are not worth the processing hustle. But it does mean that dividend liquidity in the economy is concentrated in may/jun when most banks and other companies pay out a final. Am glad the CBK made Safaricom split theirs in two this year.
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Nation Media Group HY 2019 profit down 24%
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