Anything above 12/50 and I'm out.

An interim dividend of Ksh 0.50 which is bettter than KK's FY dividend..Merali aint bad news after all.

Am told coffee is now trading at 35years high. Probably hold on till the next coffee season
Ama

Sasini always reminds me of Mr. Market parable in the Intelligent Investor

"Imagine that in some private business you own a small share that cost you $1,000/-. One of your partners Mr. Market is very obliging indeed. Everyday he tell you what he thinks your interest is worth and furthermore offers to either buy you out or sell you an additional interest on that basis. Sometimes his idea of value appears plausible and justified by business developments and prospects as you know them. Often, on the other hand, Mr. Market lets his enthusiasm or his fears run away with him, and the value he proposes seems to you a little short of silly.

If you are a prudent investor or a sensible businessman, will you let Mr. Market daily communication determine your view of a $ 1,000 interest in the enterprise? Only in case you agree with him, or in case you want to trade with him. You may be happy to sell out to him when he quotes a ridiculously high price, and equally happy to buy from him when his price is low. But the rest of the time you will be wiser to form your own ideas of the value of your holdings, based on full reports from the company about its operations and financial position."

No just regret. I was pretty sure on this one, i had done the research and agreed on a speculative bid mostly because of the forex gain but somehow couldn't get myself to place an order.

@deal, biological assets are living plants or animals which are able to produce agricultural produce at the reporting point and which go to the balance sheet as fixed assets/non current assets so a tree is a biological assets and the timber is agricultural produce, a cow is a biological assets the milk is agricultural produce. they are the main factors if you are engaged in agricultural activity. the profit of an agricultural enterprise depends on the management efficiency of these assets.

Calculating biological assets is complicated because unlike the usual company you can't use historical cost so you have to use fair value less cost to sell. Question is how do you value a tea bush or a coffee plant, it could wilt, die of disease etc and how does the auditor confirm those biological assets. that's where the vodoo accounting comes in.

I hope that helps otherwise i failed the exams after i got tired of reading

@mkono thank for schooling me on them biological assets..@sparkly lots of Voodo economics...lol