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Longhorn HY 2019 results
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Mastermind wrote:Ericsson wrote:littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.htmlLonghorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans. It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement. .............. The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan. The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital. James Mworia@MworiaJ Longhorns borrowing is Kshs 364mm at an average interest rate of 14%. Business daily at it's best Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing? If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Between James Mworia and Business Daily who is saying the truth Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Ericsson wrote:Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Let him show us what we are missing. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Mastermind wrote:Ericsson wrote:Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Let him show us what we are missing. @vvs would say he has skin in the game Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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Ericsson wrote:Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Longhorns borrowing is Kshs 364mm at an average interest rate of 14%. 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: 18,380 Location: Nairobi
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Ericsson wrote:Mastermind wrote:Ericsson wrote:Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Let him show us what we are missing. @vvs would say he has skin in the game Mworia has 5mn+ shares. Almost 0.75% shareholding. Significant money in Centum. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 1/14/2015 Posts: 16 Location: Ngamia 1
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2:49 EAT
Shares traded: 105K
Share price: Ksh 5.54
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Longhorn HY 2019 results
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