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Williamson sells H/Q for 500m
BLESSING
#1 Posted : Wednesday, October 19, 2011 8:23:26 AM
Rank: New-farer

Joined: 3/21/2011
Posts: 32
Location: Thika Rd
Williamson will give a special dividend from sell of its williamson house for 500 million to lion of Kenya.

mlennyma
#2 Posted : Wednesday, October 19, 2011 8:30:04 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
So where do you go after selling your home.
"Don't let the fear of losing be greater than the excitement of winning."
youcan'tstopusnow
#3 Posted : Wednesday, October 19, 2011 8:36:16 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Many options including renting, ama?
GOD BLESS YOUR LIFE
FUNKY
#4 Posted : Wednesday, October 19, 2011 8:38:20 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
the deal
#5 Posted : Wednesday, October 19, 2011 9:01:25 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Unless we see an official announcement from the company on the NSE website showing details of the transaction I will treat this storo with caution!
Chaka
#6 Posted : Wednesday, October 19, 2011 9:01:25 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
mlennyma wrote:
So where do you go after selling your home.

You go to mashambani(pun intended) yaani ocha
Gordon Gekko
#7 Posted : Wednesday, October 19, 2011 10:04:31 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Super move. It 1. Makes Williamson focus on its core business, 2. Releases capital for use in the business.

One will argue that they will now be paying rent. But any sustainable business must be able to generate cash to pay fixed costs. Owning an office can mask a company's ability to sustain itself, but in rented premises, you will KNOW the outfit is in trouble the minute auctioneers put furniture on the pavement.

KCB, Safcon have gone this way.
cnn
#8 Posted : Wednesday, October 19, 2011 10:08:46 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
the deal wrote:
Unless we see an official announcement from the company on the NSE website showing details of the transaction I will treat this storo with caution!

You can believe what you want,as a shareholder i will take it,secondary to my main interest in the company..Tea.
Sufficiently Philanga....thropic
#9 Posted : Wednesday, October 19, 2011 10:21:02 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
mlennyma wrote:
So where do you go after selling your home.

Karen Office Park, since 14th Oct!
@SufficientlyP
mwanahisa
#10 Posted : Wednesday, October 19, 2011 10:33:47 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
the deal wrote:
Unless we see an official announcement from the company on the NSE website showing details of the transaction I will treat this storo with caution!


Deal. You are indeed right. See my comment on the thread on "Agricultural Stocks looking Greener".

Mgt explained the rationale for the sale during the AGM. Proceeds will be ploughed into acquiring more land for their core business so expectation of a special dividend is MISPLACED. I even pressed them to confirm whether they would continue with their 15/= dividends in future years and they were non commital.

But, you can't blame us (shareholders) for enjoying the current ride when the rest of the market is in the state that it is!

Meanwhile, I reiterate my conviction that this company is still worth a lot more than the current share price. This goes for practically all agriculturals, and that's a FACT!
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