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Bamburi Cement 2019
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Half Year Results; Bamburi Cement declares another SHOCK decline in profit: PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18. Turnover was flat at Sh18.67b (a 0.56% increase) Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%) Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making "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:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making Refer to the link below na muwache kuwaste data http://wazua.co.ke/forum...9867&p=59#post880069
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: 4/30/2010 Posts: 1,635
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Any interim dividend declared?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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FUNKY wrote:Any interim dividend declared? Interim div with those kind of results... Ngumu sana. possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border The operating margin fell through the roof! Only the depreciation charge and energy/logistics costs are surcharged on it...this doesn't imply a swift recovery. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 3/20/2008 Posts: 503
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Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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FUNKY wrote:Any interim dividend declared? "The Boardof directors does not recommend payment of an interim dividend (KES 1.00/= per ordinary share paid in 2018)". https://www.nse.co.ke/li...ssuer-announcements.htmlIf it don't make dollars, it don't make sense
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement???
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? BAT, Jubilee, Stanchart & EABL should fall like this in 2020. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Angelica _ann wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? BAT, Jubilee, Stanchart & EABL should fall like this in 2020.  Life is short. Live passionately.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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lochaz-index wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? Bamburi Cement has hit new 17 year low. From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Ericsson wrote:lochaz-index wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:[quote=Ericsson]Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? Bamburi Cement has hit new 17 year low. From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Ericsson wrote:lochaz-index wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? Bamburi Cement has hit new 17 year low. From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH. will such opportunities come by again in my lifetime?
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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heri wrote:Ericsson wrote:lochaz-index wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? Bamburi Cement has hit new 17 year low. From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH. will such opportunities come by again in my lifetime? Under Kibaki, the NSE 20 even crossed the 6,000 pts mark. Compare with the situation now where everybody is praying for the benchmark to reach even 3,000 pts." - Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/20/2008 Posts: 503
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heri wrote:Ericsson wrote:lochaz-index wrote:xxxxx wrote:obiero wrote:xxxxx wrote:Angelica _ann wrote:Ericsson wrote:mlennyma wrote:Ericsson wrote:Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:
PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.
Turnover was flat at Sh18.67b (a 0.56% increase)
Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)
another ARM and E A Portland in the making 1. Higher depreciation charge from new capacity commissioned amidst flat revenue 2. Impairment of assets associated with Rwanda 3. Higher finance costs to finance capacity expansion in Uganda 4. High energy & logistics costs 5. No SGR sales 6. Closure of Uganda-Rwanda border Looks like the new Finance Director (Grace) was cleaning the books. I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero Turnover is also showing signs of extreme trouble So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement??? Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019? Bamburi Cement has hit new 17 year low. From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH. will such opportunities come by again in my lifetime? Now's your opportunity to load up on Bamburi
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