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ARM 3Q 2011 profits down by 61%
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FUNKY
#1 Posted : Monday, November 07, 2011 10:29:45 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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guru267
#2 Posted : Monday, November 07, 2011 10:35:48 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
FUNKY wrote:
http://af.reuters.com/ar...s/idAFJOE7A605120111107


The company did extremely well.. Let's just Pray for the kshs.. Pray
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Monday, November 07, 2011 10:36 AM | Reason: Not specified
Cde Monomotapa
#3 Posted : Monday, November 07, 2011 10:39:22 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Mmm..it'll be interesting to see the mkts reaction to this smile
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Aguytrying
#4 Posted : Monday, November 07, 2011 10:46:29 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
Mmm..it'll be interesting to see the mkts reaction to this smile


The market always reacts to bad news. smile
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#5 Posted : Monday, November 07, 2011 10:48:23 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
Cde Monomotapa wrote:
Mmm..it'll be interesting to see the mkts reaction to this smile


The market always reacts to bad news. smile

Let's see what to do with this BAD news ;-)
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Aguytrying
#6 Posted : Monday, November 07, 2011 10:54:02 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
Aguytrying wrote:
Cde Monomotapa wrote:
Mmm..it'll be interesting to see the mkts reaction to this smile


The market always reacts to bad news. smile

Let's see what to do with this BAD news ;-)


In the link above it says, that the unrealized losses will be reversed if the shilling strengthens, that may confuse the market for a while. Esp that now the shilling is strengthening.
The investor's chief problem - and even his worst enemy - is likely to be himself
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stocksmaster
#7 Posted : Monday, November 07, 2011 11:06:37 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
A 61% fall in profits for a company trading at a P/E of above 20 and a dividend yield of about 1% is very bad news in a bear market.

A sub Ksh 100 price by the End of this Month is in the horizon.

Happy Hunting.
x handle: @stocksmaster79
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muganda
#8 Posted : Monday, November 07, 2011 11:13:58 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Interested to hear what @GenghisCapitalLtd politically correct viewpoint is?

Well said @stocksmaster, as always.
Why is the concept of hedging so foreign in Kenya? Yet CFO's perch atop coroprate hierachy.
stocksmaster wrote:
A 61% fall in profits for a company trading at a P/E of above 20 and a dividend yield of about 1% is very bad news in a bear market.

A sub Ksh 100 price by the End of this Month is in the horizon.

Happy Hunting.
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Mainat
#9 Posted : Monday, November 07, 2011 11:28:04 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Having seen East Africa Portland and KenGen go through this, how come Athi River didn't even try to hedge the fx risk?
Sehemu ndio nyumba
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stocksmaster
#10 Posted : Monday, November 07, 2011 11:39:06 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
Mainat wrote:
Having seen East Africa Portland and KenGen go through this, how come Athi River didn't even try to hedge the fx risk?


They had assumed that the USD Loan of 74.2M (FY 2010) was naturally hedged through its exports of its USD Denominated non-cement exports. As such,they assumed that the USD inflows should have covered for the USD interest payments. I think this assumption did not hold.

Happy Hunting.
x handle: @stocksmaster79
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