Wazua
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EA Portland Cement Company - Going, Going, Gone?
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Portland maybe be a good buy when it gets hammered properly . as a takeover target. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:Portland maybe be a good buy when it gets hammered properly . as a takeover target. This is the main reason I haven't used my sales proceeds from Portland to buy anything else! I know we are likely to go back below 45bob again and ill be back when we do!  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Business Daily wrote:The East African Portland Cement Company (EAPCC) is set to hire a consultant to carry out a forensic audit of its books on claims of improper accounting at the firm that saw shareholders go without dividend payment in the year to June 2013.
The Nairobi bourse listed cement maker which is majority State-owned is considering engaging Deloitte & Touché —the new auditors of the company for the year to June 2014— to examine EAPCC’s previous financial records for any malpractices. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Business Daily wrote:The East African Portland Cement Company (EAPCC) is set to hire a consultant to carry out a forensic audit of its books on claims of improper accounting at the firm that saw shareholders go without dividend payment in the year to June 2013.
The Nairobi bourse listed cement maker which is majority State-owned is considering engaging Deloitte & Touché —the new auditors of the company for the year to June 2014— to examine EAPCC’s previous financial records for any malpractices. Starts to look like CMC and a sure enterprise corruption candidate.
Volume and price trend will tell the story.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 2/15/2010 Posts: 150 Location: Kenya
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Aiming to replicate guru267's success here.
Cons
Can't trust management.
So much land Wan*** tried to install his own conflicted CEO.
Pro
Land, 21B of investment property, to the best of my knowledge it's all to be sold.
KCB loan already swapped for land, employees dues also in the process.
Currently profitable core operations.
Last year's dividend gives some confidence(did they actually pay?).
In all a risky bet based on the investment philosophy of "Surely they can't steal everything".
On a lighter note back in 2013(earlier in this thread) @Obiero was still warning about over exposure to financials.
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Rank: Elder Joined: 6/23/2009 Posts: 13,769 Location: nairobi
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DtheK wrote:Aiming to replicate guru267's success here.
Cons
Can't trust management.
So much land Wan*** tried to install his own conflicted CEO.
Pro
Land, 21B of investment property, to the best of my knowledge it's all to be sold.
KCB loan already swapped for land, employees dues also in the process.
Currently profitable core operations.
Last year's dividend gives some confidence(did they actually pay?).
In all a risky bet based on the investment philosophy of "Surely they can't steal everything".
On a lighter note back in 2013(earlier in this thread) @Obiero was still warning about over exposure to financials. Hehe. Wazee hukumbuka. Watch what I do, not what I say
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 9/16/2006 Posts: 234
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The book value is over 230 shillings.Most of the shares are held by institutions hence leaving around 6 percent held by individual investors.Being a target the government want to sell their is possibility of shares going up. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 7/22/2009 Posts: 7,561
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Rank: Elder Joined: 12/7/2012 Posts: 11,921
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We got used to it. The negativity and pressure I experienced when I was buying BBK @8.50-10.00 before their transition to ABSA. Do your thing and hold, the reward always comes later. 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: Chief Joined: 1/3/2007 Posts: 18,218 Location: Nairobi
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 Imagine speaking in KoQe and staying dividend-less for years instead of "over exposure to financials" which paid dividends for all those years! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,769 Location: nairobi
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Hehe. Dividends don't give me the kicks. To each their own. I didn't pressure you when you bought Kurwitu. Be kind
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,218 Location: Nairobi
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obiero wrote:Hehe. Dividends don't give me the kicks. To each their own. I didn't pressure you when you bought Kurwitu. Be kind Ati, Kurwitu. Pole sana. KQ then Kurwitu. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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EA Portland Cement Company - Going, Going, Gone?
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