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EARNINGS Growth-worst performers
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jammo
#1 Posted : Wednesday, April 01, 2009 5:57:00 PM
Rank: Member


Joined: 2/12/2008
Posts: 345
Companies that 'grew negatively'...if that is even possible..compared to last year..based on latest published accounts..

..ignored Agric and Alternative investment segments...and Carbacid & Boc which shrunk 5.71% and 3.23% respectively.

Commercial and Allied;

1. KQ; -62.01%

2. TPSerena; -46.29%

3.ScanGroup; -15.44%

4.Safcom; -11.19%

5.Car&Gen; -10.83%

6.NMG; -7.71%


FINANCE&Invest

1.Jubilee; -22.11%

2.Centum; -17.72%

D.Indust. & Allied:

1.Sameer; -95.31%

2.Kenol; -32.04%

3.Mumias; -18.76%

4.E.A.Portland; -10.48%


...just a thought though...befor u decide to write off some..these figures are from year to year... Use quarter to quarter figures to atleast point possible forward figures on comin quarter.



DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!
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Mainat
#2 Posted : Wednesday, April 01, 2009 10:24:00 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Dude-TPS numbers are wrong. Also think its brand and product will prevail once global credit crunch eases up later this yr. NMG number is also wrong. Dude,what earnings number are you using?


www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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jammo
#3 Posted : Thursday, April 02, 2009 4:12:00 AM
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Joined: 2/12/2008
Posts: 345
2008 Figures out by mid march..12th to be exact.....figures out after that include TPSerena(monday 30th) and NMG earlier on..

TPSerena eps of sh3.91,forward eps of 0.46,it however reported actual EPS of sh2.10.

NMG eps 7.65...forward eps 7.06..... It however reported an actual EPS of sh 9.0.. So adjust as necessary.

DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!
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Mainat
#4 Posted : Thursday, April 02, 2009 5:37:00 AM
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Joined: 11/21/2006
Posts: 1,590
tps-where did you get a fwd eps of 0.46 given it hasn't announced q1? Its eps fell by 46.29%. NMG's eps rose by 19%...

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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McReggae
#5 Posted : Thursday, April 02, 2009 6:32:00 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
KQ,the comparison aint for the full year results,rather 1st half,is it????

Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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VituVingiSana
#6 Posted : Thursday, April 02, 2009 7:01:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Unless you post the EPS you are using,these numbers make no sense even where you extrapolate.

NMG had increased earnings.

TPS profits dropped but much better 2H vs 1H (PEV & all that)

KQ's 1H might be lower than 2H (PEV affected bookings/travel + high oil prices)

And so on...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Chaka
#7 Posted : Thursday, April 02, 2009 7:12:00 AM
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Joined: 2/16/2007
Posts: 2,114
@jammo,

Could you also post on 'EARNINGS Growth-best performers'?
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jammo
#8 Posted : Thursday, April 02, 2009 7:22:00 AM
Rank: Member


Joined: 2/12/2008
Posts: 345
@mainat... I'm choosing to ignore NMG end year financials and instead go with their 2nd n 3rd quarters' results of '08... For simple reason books can be cooked enough to just scrape thro some 'profits' i am not sayin they cooked their books!..just that i'm more biased toward quarterly results. Same way kq will 'beat' expectations..do worse than last year but will definately exclaim; 'Hey,we expected to perform worse!..so this poor performance is actually good!!'...

DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!
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VituVingiSana
#9 Posted : Thursday, April 02, 2009 9:11:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Actually... it is easier to 'cook' un-audited results... Of course,audited results can be cooked as well but much harder vs quarterlies.

Most banks comb thru their portfolios at year-end so they can provide for NPLs coz they need to be audited & sent to CBK.

Well-capitalised private banks can be extra conservative & reduce their 'good' year earnings to cater for bad debts in the lean years.



Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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