Wazua
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Unga limited takeover
Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Unga steps up competition with Eldoret wheat plant https://www.businessdail...01378-g7kc91/index.html
"The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity." The new capacity is probably more efficient.
"The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson." Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics. "plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year." Long-term planning. I wish you well mzee Asante. I don't stress too much as long as the management is good/reliable. They don't have to be superstars every year. It's nigh impossible once a firm is mature. The dividend I received from Unga was very helpful in helping me stay well-stocked with Unga branded unga (Ngano and Mahindi), pulses (Amana) and Ennsvalley bread. Actually, all my meals and alcohol.  The interim dividend (FY 2018) and buyout of KK has kept my car fueled and maintained. The dividend from TPS (FY 2018) will allow me to stay at a Serena property. I don't have many shares so it will be just a weekend during the off-season but I will top-up. The KenRe dividend will pay for my car, medical, NHIF and property insurance premiums. I&M's dividend will take care of utilities, bank charges and many other expenses eg entertainment. Centum's dividend will be reinvested. I had hoped KQ's dividends would have paid for flights but I am glad I sold them given there has been no dividend since 2012. Overall, it is all good  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Unga steps up competition with Eldoret wheat plant https://www.businessdail...01378-g7kc91/index.html
"The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity." The new capacity is probably more efficient.
"The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson." Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics. "plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year." Long-term planning. I wish you well mzee Asante. I don't stress too much as long as the management is good/reliable. They don't have to be superstars every year. It's nigh impossible once a firm is mature. The dividend I received from Unga was very helpful in helping me stay well-stocked with Unga branded unga (Ngano and Mahindi), pulses (Amana) and Ennsvalley bread. Actually, all my meals and alcohol. The interim dividend (FY 2018) and buyout of KK has kept my car fueled and maintained. The dividend from TPS (FY 2018) will allow me to stay at a Serena property. I don't have many shares so it will be just a weekend during the off-season but I will top-up. The KenRe dividend will pay for my car, medical, NHIF and property insurance premiums. I&M's dividend will take care of utilities, bank charges and many other expenses eg entertainment. Centum's dividend will be reinvested. I had hoped KQ's dividends would have paid for flights but I am glad I sold them given there has been no dividend since 2012. Overall, it is all good Bure kabisa! I read that post with high interest until the last line
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service.  @Young and I are "wazee" and we don't mind the dividends! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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Ericsson wrote:obiero wrote:VituVingiSana wrote:@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Tough economy - many firms have suffered under #TanoTena Proud of Unga which has remained profitable with all the politics and bad vibes in a year when many firms ended up with losses. Dividend is 50 cents (vs 1/- last year) but enough to pay for my expenses. I suspect @young is also like me and we try to earn more than we spend. Or adjust our spending to our income. 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: 18,055 Location: Nairobi
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Delayed commissioning of the new and efficient wheat plant in Eldoret but FY 2019-2020 should see the benefit of a full year of production. Soymeal plant commissioned in June 2019 so FY 2019-2020 should see the benefit of a full year of production. The maize situation looks dire given the politics around maize. Sales were hurt due to input shortages. Depreciation (non-cash) will increase in FY 2019-2020 as will finance costs for the new plants. The reduced dividend was to help accelerate the repayment of debt. Competition remains a challenge. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Tough economy - many firms have suffered under #TanoTena Proud of Unga which has remained profitable with all the politics and bad vibes in a year when many firms ended up with losses. Dividend is 50 cents (vs 1/- last year) but enough to pay for my expenses. I suspect @young is also like me and we try to earn more than we spend. Or adjust our spending to our income. Maybe it's time to sell
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Tough economy - many firms have suffered under #TanoTena Proud of Unga which has remained profitable with all the politics and bad vibes in a year when many firms ended up with losses. Dividend is 50 cents (vs 1/- last year) but enough to pay for my expenses. I suspect @young is also like me and we try to earn more than we spend. Or adjust our spending to our income. Maybe it's time to sell Not for me at the moment. Perhaps in the future if the circumstances change. The challenge is there are so many wonderful bargains on the NSE and I have no cash so dividends are highly anticipated and welcome. KenRe Unga Centum I&M Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Flee the casino NOWW or get SHAVED even more!! Ati "bargains and a buying opportunity"? vvs ARE YOU KURAZY or just in deep denial! That is what you said about Mumias which is now SUSPENDED from the NSE! MORE TO COME!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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The Act required a shareholder to accumulate at least 90 per cent shareholding for a takeover to be successful. The amendment however lowers this to just 50 per cent.“The Amendment Act now lowers the 90 per cent threshold to just 50 per cent, thereby pulling Kenya away from global practice in relation to minority shareholder protections," said Bowmans Law in an analysis. "The lower threshold allows any bidder to force out any non-assenting shareholders easily if 50 per cent of the shares to which the offer relates accept the offer.” “There are few, if any, jurisdictions globally with such a low threshold for compulsory acquisition. We anticipate challenges to the legitimacy of this amendment and, potentially, in respect of any take-over effected in the future that takes advantage of the lower thresholds," said the law firm. https://www.standardmedi...ower-in-new-legal-change
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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Extraterrestrial wrote:The Act required a shareholder to accumulate at least 90 per cent shareholding for a takeover to be successful. The amendment however lowers this to just 50 per cent.“The Amendment Act now lowers the 90 per cent threshold to just 50 per cent, thereby pulling Kenya away from global practice in relation to minority shareholder protections," said Bowmans Law in an analysis. "The lower threshold allows any bidder to force out any non-assenting shareholders easily if 50 per cent of the shares to which the offer relates accept the offer.” “There are few, if any, jurisdictions globally with such a low threshold for compulsory acquisition. We anticipate challenges to the legitimacy of this amendment and, potentially, in respect of any take-over effected in the future that takes advantage of the lower thresholds," said the law firm. https://www.standardmedi...wer-in-new-legal-change This is worrisome but "We anticipate challenges to the legitimacy of this amendment and, potentially, in respect of any take-over effected in the future that takes advantage of the lower thresholds" It's interesting to note who the Chairman of the CMA is and which family has 50%+ of Unga's shares! SAHL tried to get to 74.99% of Stanbic and it can choose a takeover option. BAT EABL BBK/ABSA KPLC KenRe Most firms have a single or combination/related shareholders with 50%+ and what choice does that leave the minorities with? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Tough economy - many firms have suffered under #TanoTena Proud of Unga which has remained profitable with all the politics and bad vibes in a year when many firms ended up with losses. Dividend is 50 cents (vs 1/- last year) but enough to pay for my expenses. I suspect @young is also like me and we try to earn more than we spend. Or adjust our spending to our income. Maybe it's time to sell Not for me at the moment. Perhaps in the future if the circumstances change. The challenge is there are so many wonderful bargains on the NSE and I have no cash so dividends are highly anticipated and welcome. KenRe Unga Centum I&M From 35 to 16 and still sliding into the abyss.. Well, atleast no one will say I didn't try to warn my senior
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Tough economy - many firms have suffered under #TanoTena Proud of Unga which has remained profitable with all the politics and bad vibes in a year when many firms ended up with losses. Dividend is 50 cents (vs 1/- last year) but enough to pay for my expenses. I suspect @young is also like me and we try to earn more than we spend. Or adjust our spending to our income. Maybe it's time to sell Not for me at the moment. Perhaps in the future if the circumstances change. The challenge is there are so many wonderful bargains on the NSE and I have no cash so dividends are highly anticipated and welcome. KenRe Unga Centum I&M From 35 to 16 and still sliding into the abyss.. Well, atleast no one will say I didn't try to warn my senior Almost the entire NSE is suffering since 2018. Saf shareholders are also crying with the recent slide.  Even though there have been major hits eg KES/USD, Russia-Ukraine, etc, it does feel like the majority are deliberately keeping the reported performance down. Despite all that, I am glad I did not sell my Unga to buy KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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When did this crash to 15 and people refused to sell at 30? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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mlennyma wrote:When did this crash to 15 and people refused to sell at 30? can you believe it. people refused to sell at over 100% premium! Unga began the year with a share price of 32.00 KES but has since lost 51.1% off that price valuation, ranking it 62nd on the NSE in terms of year-to-date performance. Understanding the Kenyan investor is a difficult task https://afx.kwayisi.org/nse/unga.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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