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EA Portland Cement HY 2017/2018
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Drop in revenues deepens Portland Cement net loss fourfold ast African Portland Cement Company (EAPCC) has announced that its net loss for the six months to December has worsened nearly four times to Sh969.6 million on lower revenues. The financially struggling cement maker saw its revenues drop by Sh660 million to Sh3.06 billion, with management attributing this drop to the politics-driven slowdown of the economy last year. "The company earlier told the Business Daily it could also concurrently launch a rights issue underwritten by development finance institutions (DFI), which could dilute Treasury's stake in the company, ending its status as a parastatal." https://www.businessdail...22956-pftcjjz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Excuses used to shaft small shareholders at the Nairobi Securities Exchange 2016 - 20191. Prolonged political season. 2. Interest rates caps. 3. Prolonged drought. 4. Closure of Nakumatt These excuses will be used to deny wanjiku her peni mbili dividends for the nest three years. Kengen, Kenya power, EAPC and many more will use this line to cheat Kenyans who are brave enough to invest at NSE. Later on you will hear top honchos/wakora at NSE lamenting on the low number of local investors at NSE. Hii ni hujuma Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:Drop in revenues deepens Portland Cement net loss fourfold ast African Portland Cement Company (EAPCC) has announced that its net loss for the six months to December has worsened nearly four times to Sh969.6 million on lower revenues. The financially struggling cement maker saw its revenues drop by Sh660 million to Sh3.06 billion, with management attributing this drop to the politics-driven slowdown of the economy last year. "The company earlier told the Business Daily it could also concurrently launch a rights issue underwritten by development finance institutions (DFI), which could dilute Treasury's stake in the company, ending its status as a parastatal." https://www.businessdail...2956-pftcjjz/index.html
Saddening
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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Quote:Production of cement declined through 2017, signaling a slowdown in real estate sector growth following a tough economic environment.
Cement output, a key indicator of performance in the building and construction sector, reduced by 8.2 per cent or more than 550,000 metric tonnes for the year ending December 2017.
Latest provisional data collated by the Kenya National Bureau of Statistics shows about 6.16 million metric tonnes of cement were produced. 
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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https://www.businessdail...323810-um5yj0/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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G.o.k is not serious about this company. The tender for the supply of cement for SGR was given to bamburi.Si wangepea Eapc? why invest in what you dont trust? Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Ebenyo wrote:G.o.k is not serious about this company. The tender for the supply of cement for SGR was given to bamburi.Si wangepea Eapc? why invest in what you dont trust? The cement being produced by EAPC didn't meet specifications for the SGR project Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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Ebenyo wrote:G.o.k is not serious about this company. The tender for the supply of cement for SGR was given to bamburi.Si wangepea Eapc? why invest in what you dont trust? As @Ericsson said, there are specifications that need to be met. Bamburi has the expertise to do so. And they did. Many years ago [when we had the choice of EAPCC or Bamburi] my contractor insisted I use/buy Bamburi (not Portland) cement even if I had to pay a premium. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/7/2009 Posts: 41
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VituVingiSana wrote:Ebenyo wrote:G.o.k is not serious about this company. The tender for the supply of cement for SGR was given to bamburi.Si wangepea Eapc? why invest in what you dont trust? As @Ericsson said, there are specifications that need to be met. Bamburi has the expertise to do so. And they did. Many years ago [when we had the choice of EAPCC or Bamburi] my contractor insisted I use/buy Bamburi (not Portland) cement even if I had to pay a premium. The other main reason they chose Bamburi was because of their logistics excellence that most of the other companies could not come close to matching. Remember this was a huge part of TanoTena campaign, n Unye could not afford any delays Happiness is not the absence of problems, It's the ability to deal with them
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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Word on the ground has it that Portland has disposed off about 13,000 acres @ Athi River (opposite Green Park Estate ) to NSSF to come up with a housing estate. Anyone with more information/contacts who can clarify this and possible value of the deal?
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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RIEK01 wrote:Word on the ground has it that Portland has disposed off about 13,000 acres @ Athi River (opposite Green Park Estate ) to NSSF to come up with a housing estate. Anyone with more information/contacts who can clarify this and possible value of the deal? Wow possible value of the land deal. And for those who are interested in real estate the master plan. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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An article in April where the firm was looking at getting about sh.10bn ($100mn) from the land sale which had received approval from National Treasury http://www.theeastafrica...394088-lytp9h/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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NSSF like kenya power being led down the garden path by politicians. Don't expect value for money. https://www.nation.co.ke...-xhtml-33a3k6/index.html
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:RIEK01 wrote:Word on the ground has it that Portland has disposed off about 13,000 acres @ Athi River (opposite Green Park Estate ) to NSSF to come up with a housing estate. Anyone with more information/contacts who can clarify this and possible value of the deal? Wow possible value of the land deal. And for those who are interested in real estate the master plan. There is a special in hell for people who steal workers' hard earned money. Life is short. Live passionately.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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I think there are people who have been sold land there(by I don't know who) and built and settled...? RIEK01 wrote:Word on the ground has it that Portland has disposed off about 13,000 acres @ Athi River (opposite Green Park Estate ) to NSSF to come up with a housing estate. Anyone with more information/contacts who can clarify this and possible value of the deal?
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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sparkly wrote:Ericsson wrote:RIEK01 wrote:Word on the ground has it that Portland has disposed off about 13,000 acres @ Athi River (opposite Green Park Estate ) to NSSF to come up with a housing estate. Anyone with more information/contacts who can clarify this and possible value of the deal? Wow possible value of the land deal. And for those who are interested in real estate the master plan. There is a special in hell for people who steal workers' hard earned money. At this rate I want to join that group... Another 10bn stolen from NYS, etc... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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VituVingiSana wrote:sparkly wrote:Ericsson wrote:RIEK01 wrote:Word on the ground has it that Portland has disposed off about 13,000 acres @ Athi River (opposite Green Park Estate ) to NSSF to come up with a housing estate. Anyone with more information/contacts who can clarify this and possible value of the deal? Wow possible value of the land deal. And for those who are interested in real estate the master plan. There is a special in hell for people who steal workers' hard earned money. At this rate I want to join that group... Another 10bn stolen from NYS, etc... Its crazy... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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maka wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:RIEK01 wrote:Word on the ground has it that Portland has disposed off about 13,000 acres @ Athi River (opposite Green Park Estate ) to NSSF to come up with a housing estate. Anyone with more information/contacts who can clarify this and possible value of the deal? Wow possible value of the land deal. And for those who are interested in real estate the master plan. There is a special in hell for people who steal workers' hard earned money. At this rate I want to join that group... Another 10bn stolen from NYS, etc... Its crazy... @vvs is corrupt?
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: 18,056 Location: Nairobi
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obiero wrote:maka wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:RIEK01 wrote:Word on the ground has it that Portland has disposed off about 13,000 acres @ Athi River (opposite Green Park Estate ) to NSSF to come up with a housing estate. Anyone with more information/contacts who can clarify this and possible value of the deal? Wow possible value of the land deal. And for those who are interested in real estate the master plan. There is a special in hell for people who steal workers' hard earned money. At this rate I want to join that group... Another 10bn stolen from NYS, etc... Its crazy... @vvs is corrupt? How can one not be tempted? There's no "punishment" even for those who are caught. IF you are caught. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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