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411 on dividend and AGM
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littledove
#1411 Posted : Friday, July 28, 2023 10:12:24 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
My 2 cents wrote:
Majority shareholders can sometimes be so self-serving.
In my assessment this may be Diageo's tactic to refill cash coffers after the share buybacks. Diageo might be ok with the dividend sacrifice but are the minority shareholders ok with it?

Or worse, the 20% drop in EABL's profitability, could be a gauge of our current economy and therefore a proxy for the extent of drops to be expected by other companies going forward.


this government has shown a clear intention- of taxing where there is money, so expect many companies to start reporting lower earning going foward, see also centum.
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
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watesh
#1412 Posted : Friday, July 28, 2023 1:03:13 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
My 2 cents wrote:
Majority shareholders can sometimes be so self-serving.
In my assessment this may be Diageo's tactic to refill cash coffers after the share buybacks. Diageo might be ok with the dividend sacrifice but are the minority shareholders ok with it?

Or worse, the 20% drop in EABL's profitability, could be a gauge of our current economy and therefore a proxy for the extent of drops to be expected by other companies going forward.


Look at EABL's cashflow. The cash from operations was just enough to pay the dividends that had been declared. They had to rely on proceeds from new loans to pay down an exisiting loan and invest in new facilities for the business.

A high dividend is unsustainable cashflowise
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My 2 cents
#1413 Posted : Friday, July 28, 2023 3:56:56 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
watesh wrote:
My 2 cents wrote:
Majority shareholders can sometimes be so self-serving.
In my assessment this may be Diageo's tactic to refill cash coffers after the share buybacks. Diageo might be ok with the dividend sacrifice but are the minority shareholders ok with it?

Or worse, the 20% drop in EABL's profitability, could be a gauge of our current economy and therefore a proxy for the extent of drops to be expected by other companies going forward.


Look at EABL's cashflow. The cash from operations was just enough to pay the dividends that had been declared. They had to rely on proceeds from new loans to pay down an exisiting loan and invest in new facilities for the business.

A high dividend is unsustainable cashflowise


I have always been puzzled at EABL's dependency on debt given they have been in business for 100 years. At this stage in their life as a mature company, they should be able to finance growth organically with retained earnings. Yet ( much like a much younger company) they are always having to lean heavily into debt financing.
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  | | Edit by user: Friday, July 28, 2023 3:58 PM | Reason: Not specified
jawgey
#1414 Posted : Tuesday, August 01, 2023 1:58:23 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
NSE and Kenya-Re peanuts are well in!
Seeing is believing
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Ericsson
#1415 Posted : Tuesday, August 01, 2023 2:57:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
My 2 cents wrote:
Majority shareholders can sometimes be so self-serving.
In my assessment this may be Diageo's tactic to refill cash coffers after the share buybacks. Diageo might be ok with the dividend sacrifice but are the minority shareholders ok with it?

Or worse, the 20% drop in EABL's profitability, could be a gauge of our current economy and therefore a proxy for the extent of drops to be expected by other companies going forward.


Diageo is benefitting through other means like interest on the shareholder loans advanced to EABL
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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jawgey
#1416 Posted : Tuesday, August 29, 2023 12:09:42 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Safaricom final dividend ndani!
Seeing is believing
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VituVingiSana
#1417 Posted : Monday, September 04, 2023 6:52:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Has anyone received Williamson or Kapchorua divs?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Thornbird
#1418 Posted : Tuesday, September 05, 2023 6:18:53 AM
Rank: New-farer

Joined: 12/13/2018
Posts: 29
VituVingiSana wrote:
Has anyone received Williamson or Kapchorua divs?


Still waiting
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VituVingiSana
#1419 Posted : Wednesday, September 06, 2023 9:19:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Thornbird wrote:
VituVingiSana wrote:
Has anyone received Williamson or Kapchorua divs?


Still waiting
Still nothing!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#1420 Posted : Monday, September 11, 2023 10:05:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
VituVingiSana wrote:
Thornbird wrote:
VituVingiSana wrote:
Has anyone received Williamson or Kapchorua divs?


Still waiting
Still nothing!
This is rather uncharacteristic of them.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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168 Pages«<140141142143144>»
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