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BGL
#1 Posted : Friday, January 07, 2011 6:59:14 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
CMC ended their financial year on 30th sept last year. Until now they are yet to announce their results. What is cooking over there or the directors & auditors are still on christmas break?
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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vestor
#2 Posted : Friday, January 07, 2011 7:33:39 PM
Rank: Member


Joined: 11/9/2010
Posts: 132
If we are to follow history, results should flow in mid next week.am also waiting anxiously,am holding it.
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youcan'tstopusnow
#3 Posted : Friday, January 07, 2011 8:15:40 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Ama results are bad and they are planning to release on deadline day like Barclays did some time back
GOD BLESS YOUR LIFE
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PKoli
#4 Posted : Saturday, January 08, 2011 1:38:49 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
I do not expect fantastic results from CMC but nothing to warrant a profit warning. I think it is speculative stock at current prices
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the deal
#5 Posted : Saturday, January 08, 2011 2:01:26 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
CMC results will be dismal but i want folks to sell so that i buy below 11...the prospects going forward are better i.e GOK is phasing out 14 seater matatus..the economy is on a rebound...
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young
#6 Posted : Saturday, January 08, 2011 4:41:09 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,048
Location: Lagos, Nigeria
I believe it is too risky to invest in motor companies.
If you are speculating on this counter, best of luck.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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jmbada
#7 Posted : Sunday, January 09, 2011 1:31:21 AM
Rank: Member


Joined: 1/1/2011
Posts: 396
Forget about CMC...at the core of their business they are selling a product with ZERO demand..new cars...(as well as a highly-optional service..car servicing).
Who in Kenya buys new cars? Who services their cars at dealers unless they ABSOLUTELY must / they're company maintained, or they are about to sell them?
PS:
My friends have worked in a couple of banks, which tend to be some of the best payers for employed folk and even senior management import 2-3 year old vehicles!
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gesowan
#8 Posted : Sunday, January 09, 2011 4:06:07 AM
Rank: Member


Joined: 11/6/2010
Posts: 289
guess what ,the gov't need to encourage kenyans to purchase new cars by giving incentives,an old Harriers costs 2.3 million whereas a new one cost 1.8 million
a new car is better any time
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vestor
#9 Posted : Sunday, January 09, 2011 2:43:28 PM
Rank: Member


Joined: 11/9/2010
Posts: 132
I am bullish for this counter in the short term. if the market corrected lst year,CMC did not. Either good results or the BOD reward us with a bonus.my reasons for speculating this counter.any seconders?
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jmbada
#10 Posted : Sunday, January 09, 2011 11:24:28 PM
Rank: Member


Joined: 1/1/2011
Posts: 396
gesowan wrote:
guess what ,the gov't need to encourage kenyans to purchase new cars by giving incentives,an old Harriers costs 2.3 million whereas a new one cost 1.8 million
a new car is better any time

@gesowan...are you saying a new harrier in kenya costs 1.8m? That's an absolute surprise to me! Although I'm not necessarily shopping around for high-end 4x4s, so it's more than likely that I wouldn't know about this kind of stuff anyway.
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gesowan
#11 Posted : Monday, January 10, 2011 12:12:47 AM
Rank: Member


Joined: 11/6/2010
Posts: 289
@jmbada
pole,i should made it clear in the US the car is refered to as a lexus and retails @22,000 USD a new one ,please note new cars are more expensive in japan than out of japan(they call it dumping),we need to have new VW passat costing 1.2m and not above that
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the deal
#12 Posted : Thursday, April 07, 2011 9:58:36 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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stock.enigma
#13 Posted : Thursday, April 07, 2011 1:25:25 PM
Rank: Member


Joined: 8/14/2009
Posts: 244
BGL wrote:
CMC ended their financial year on 30th sept last year. Until now they are yet to announce their results. What is cooking over there or the directors & auditors are still on christmas break?





Were you aware of this or are talking of 2011?

http://www.nse.co.ke/new...%20audited%20results.pdf
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stock.enigma
#14 Posted : Thursday, April 07, 2011 2:55:19 PM
Rank: Member


Joined: 8/14/2009
Posts: 244
BGL wrote:
CMC ended their financial year on 30th sept last year. Until now they are yet to announce their results. What is cooking over there or the directors & auditors are still on christmas break?






Results were released in Jan 2010. Here is the link.

http://www.nse.co.ke/new...%20audited%20results.pdf
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