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Nation Media Group FY2010 results show improvement
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muganda
#1 Posted : Wednesday, March 30, 2011 5:08:37 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,906
Not had a chance to even read through Wazua, too disorganized but just received this on email.

Groups turnover increased by 17.2% and profit before tax by 32.7% to KShs 2.1 billion. Attributed to growth and turnaround of all young previously underpeforming businesses.

EPS now 9.8
DPS now 8.0

Final dividend of KShs 4.00 per share + plus a special dividend of KShs 2.50 per share. Books closure 8-Jun.
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gathinga
#2 Posted : Wednesday, March 30, 2011 6:04:39 PM
Rank: Veteran


Joined: 11/30/2006
Posts: 635
at a glance: very strong cash flows, very generous dividends. Can now join the ranks of dividend stocks like BAT, EABL in addition to being a defensive stock
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sparkly
#3 Posted : Wednesday, March 30, 2011 9:45:38 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Niko dani yake. Will def add more when price becomes attractive
Life is short. Live passionately.
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QW25071985
#4 Posted : Wednesday, March 30, 2011 10:05:19 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
muganda wrote:
Not had a chance to even read through Wazua, too disorganized but just received this on email.

Groups turnover increased by 17.2% and profit before tax by 32.7% to KShs 2.1 billion. Attributed to growth and turnaround of all young previously underpeforming businesses.

EPS now 9.8
DPS now 8.0

Final dividend of KShs 4.00 per share + plus a special dividend of KShs 2.50 per share. Books closure 8-Jun.



no wonder this stock was hiting new highs let alone yanking of its all time high is so much ease.Mmmmmmhhhh ! i guess somebody had market info way ahead of us....now it shld really play well as a defensive stock for the rest of the bear period.
Remember in this bear period what we are concerned with are high yeilding defensive stocks.
@ hisah.you remember me highlighting this stock a while back . lol...its all in the price as they say and it cldnt be any truer for NMG.
and please those waiting for it to come down. you'll indeed wait.
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Surealligator
#5 Posted : Thursday, March 31, 2011 10:55:34 AM
Rank: User


Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
Nation Media Group Limited (Nation Media) released its FY10 earnings results posting a 40.0% y/y (+72.2% h/h) growth in EPS to KES 9.80.

The board of directors have declared a final dividend of KES 4.00 per share and a special dividend of KES 2.50 per share (Total dividend KES 8.00) to be paid on or about 30 July,2011 to shareholders registered at the close of business on 31 May,2011.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Gordon Gekko
#6 Posted : Thursday, March 31, 2011 11:14:23 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Would have preferred even a 1:20 bonus instead of the special dividend.
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My 2 cents
#7 Posted : Thursday, March 31, 2011 11:14:45 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,075
Dividend payment delayed by a whole month! They normally pay out 30th June.
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