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WTK/KAPCHORUA FULL YEAR
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cnn
#1 Posted : Monday, June 20, 2011 10:01:38 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
A modest 9% rise for WTK full year profits.At least they have doubled the dividend to 12.50.
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FUNKY
#2 Posted : Monday, June 20, 2011 10:27:40 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
CNN..any info bt Kapchorua tea?
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Sure
#3 Posted : Monday, June 20, 2011 10:35:40 AM
Rank: Member

Joined: 9/9/2010
Posts: 546
Location: Garissa
cnn wrote:
A modest 9% rise for WTK full year profits.At least they have doubled the dividend to 12.50.



Kameme, I assume Kapchorua has given 12.50 also. What about Limuru Tea, why don't they announce their results at the same time as these two as they are related in all aspects?
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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guru267
#4 Posted : Monday, June 20, 2011 10:50:56 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
FUNKY wrote:
CNN..any info bt Kapchorua tea?


Kapchorua EPS +35% to 47bob
final dividend of 7.50
Mark 12:29
Deuteronomy 4:16
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mwanahisa
#5 Posted : Monday, June 20, 2011 10:52:25 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I haven't had time to study these results but on the basis of a casual look I would say they are pretty good considering the previous period the results were simply amazing. DPS is also significantly improved which is good. A bonus would also have been nice!

The only thing in common Limuru Tea has with WTK and KAPC are that they are in the same business. Limuru Tea is controlled by Unilever and has a 31st December year-end, so results are not due.

Sure wrote:
cnn wrote:
A modest 9% rise for WTK full year profits.At least they have doubled the dividend to 12.50.



Kameme, I assume Kapchorua has given 12.50 also. What about Limuru Tea, why don't they announce their results at the same time as these two as they are related in all aspects?
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VituVingiSana
#6 Posted : Monday, June 20, 2011 12:32:18 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
PER of (less than) 2.5 for both firms!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#7 Posted : Monday, June 20, 2011 12:48:38 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
9% i'm not impressed buy at your own peril http://af.reuters.com/ar...ws/idAFLDE75J05R20110620
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VituVingiSana
#8 Posted : Monday, June 20, 2011 1:14:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
[quote=the deal]9% i'm not impressed buy at your own peril http://af.reuters.com/ar...s/idAFLDE75J05R20110620[/quote]As a long-term shareholder, I am very happy with the performance. A huge part is biological gains but Tea Prices are steady in 1Q 2011-12 [though lower production due to lack of rain]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#9 Posted : Monday, June 20, 2011 2:09:41 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
We all agree now that tea stocks are not a good hedge against the weak Sh but KQ still is...Ok as long as Oil remains above 100$/barrel.
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mwanahisa
#10 Posted : Monday, June 20, 2011 2:35:55 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Like VVS as a long term shareholder, I am happy with WTK's performance. I did not expect an increase in profits considering just how good WTK results were in 2010. But at the low PE and NBV levels, this is surely a share to keep.

As with all agrics, the future is always uncertain so I would most certainly not be advising others to jump in at this point.

I can however predict that the increased dividend is here to stay. This company (WTK) has Kshs 95 of its NBV per share in cash which covers the 12.50 dividend almost 8 times!
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  | | Edit by user: Monday, June 20, 2011 2:38 PM | Reason: Clarification - WTK
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