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East African Cables
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VituVingiSana
#16 Posted : Friday, February 19, 2010 9:45:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:

There is a new firm called KETRACO as well which belongs to GoK. They plan to build huge transmission lines from Ethiopia to Nairobi!

@VVS i've haeard of this firm... will it be strictly for setting up transmission lines or was it set to compete with KPLC in distribution???

KETRACO was set-up as a TRANSMISSION firm... Then they are supposed to let KPLC distribute...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#17 Posted : Friday, February 19, 2010 10:12:05 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS so in other words you are saying they dont compete with KPLC.???
Did the setting up of this company lead to reduced costs for KPLC in any way??
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#18 Posted : Friday, February 19, 2010 10:15:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
guru267 wrote:
@VVS so in other words you are saying they dont compete with KPLC.???
Did the setting up of this company lead to reduced costs for KPLC in any way??

KETRACO was set-up last year... I do not think it has built any infrastructure yet...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kesh!
#19 Posted : Friday, February 19, 2010 2:36:01 PM
Rank: Member

Joined: 10/16/2008
Posts: 47
VituVingiSana wrote:
@wondergirl - The lower prices of copper & aluminum should benefit EA Cables... as does the pickup of demand from KPLC (expansion) & new housing...

@VVS... how does lower (as opposed higher) prices for aluminium n copper benefit EA Cables... wouldn't that result in a drop of revenue n possibly even profits (in absolute terms)?
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VituVingiSana
#20 Posted : Friday, February 19, 2010 6:38:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Kesh! wrote:
VituVingiSana wrote:
@wondergirl - The lower prices of copper & aluminum should benefit EA Cables... as does the pickup of demand from KPLC (expansion) & new housing...

@VVS... how does lower (as opposed higher) prices for aluminium n copper benefit EA Cables... wouldn't that result in a drop of revenue n possibly even profits (in absolute terms)?

Depends on their contracts but EA Cables is NOT a 'producer' of copper or aluminum... thus it has to pass on cost of raw materials...

More buyers if the price is lower...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#21 Posted : Friday, June 11, 2010 12:57:24 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
From yesterday's budget:

Import duty on aluminium conductors and cables has been increased from 10% to 25 %

Will this adversely affect EA Cables?

BBI will solve it :)
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the deal
#22 Posted : Friday, June 11, 2010 1:33:20 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
2012 wrote:
From yesterday's budget:

Import duty on aluminium conductors and cables has been increased from 10% to 25 %

Will this adversely affect EA Cables?

Definitely they will be affected but they might benefit from the power billions in the budjet...
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Mpenzi
#23 Posted : Friday, June 11, 2010 3:40:36 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
I would imagine that EA Cables benefits from this as they manufacture cables locally or am I missing something here?
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2012
#24 Posted : Friday, June 11, 2010 4:20:41 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Mpenzi wrote:
I would imagine that EA Cables benefits from this as they manufacture cables locally or am I missing something here?


We don't mine aluminum or copper in Kenya.

BBI will solve it :)
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VituVingiSana
#25 Posted : Friday, June 11, 2010 7:03:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
EA Cables used their political heft here but it will benefit since it MANUFACTURES cables locally...

EAC imports copper (Zambia) & Aluminum... The tax on the imported FINISHED products has gone up...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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BGL
#26 Posted : Saturday, July 10, 2010 10:55:02 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
This is one stock which the market has decided to punish. It closed the year at Ksh 20.25 and six months later it has made 0.0% gains. I thought by venturing into the fibre-optic manufacturing plus their regional expansion would excite the market.

Back to the Technical analysts, which direction will this stock take in the short term.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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VituVingiSana
#27 Posted : Saturday, July 10, 2010 11:02:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
BGL wrote:
This is one stock which the market has decided to punish. It closed the year at Ksh 20.25 and six months later it has made 0.0% gains. I thought by venturing into the fibre-optic manufacturing plus their regional expansion would excite the market.

Back to the Technical analysts, which direction will this stock take in the short term.

Before you conclude the market has 'punished' EA Cables...

1) What is the EPS for 2009 thus we can calculate historical PER
2) What is the 'projected' EPS?
3) What is NAV without 'goodwill'?
4) How is the management/new CEO? [Mugo Kibati quit]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#28 Posted : Saturday, July 17, 2010 10:52:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Hmmm... PROFIT WARNING due to bad debts in Tanzania & poor business climate there... Kenya has done well as KPLC expands...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#29 Posted : Monday, July 19, 2010 11:24:07 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
i think speculators will learn their lesson here...on friday this counter gained 7.5%...today its DOWN 13.3%...
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the deal
#30 Posted : Monday, July 19, 2010 11:36:44 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
sparkly wrote:
Wondergirl wrote:
Whats up with this share? Its price is just going down. I was actualy hoping that the price starts going up in anticipation for year end results?Sad

Undervalued because of unique operational challenges in 2009- high commodity prices and manufacturing plant upgrades. Expect modest results for 2009. Company has a long history of profitability and dividend payment. Buy more if you can. Future is bright.

i hope u didnt buy more due to @sparkly advice...
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