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Limuru Tea HY 2011 results
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Sure
#1 Posted : Tuesday, August 16, 2011 10:42:43 AM
Rank: Member


Joined: 9/9/2010
Posts: 546
Location: Garissa
Who has the results, please paste.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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WWW
 Report Abusive | Report SPAM | Edit by moderator: Tuesday, August 16, 2011 12:22 PM | Reason: title clarified
cnn
#2 Posted : Tuesday, August 16, 2011 10:52:14 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
Profits down 72% on poor rainfall over the first half.
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muganda
#3 Posted : Tuesday, August 16, 2011 10:58:30 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Okay just received an email and I wonder whether farmers will drive Ferraris?

How idiosyncratic the performance of agriculturals in an Agricultural haven like Kenya, one would think Israel and its Negev desert is in the garden of Eden !!##?

Results:
Tea production 50% lower than same period last year, due to unfavourable rainfall
Tea prices improved 6% but offset by currency fluctuations

Turnover KShs 36.3m (51% down)
Gross Margin 21% (24%p down)
EPS 5.37 (72% down)

The directors do not recommend the payment of an interim dividend.
http://www.mediafire.com/?zzncpinfv899x0f

Cheerio!
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the deal
#4 Posted : Tuesday, August 16, 2011 12:35:07 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Thanks @muganda for the link...now lemme crunch this numbers...
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the deal
#5 Posted : Tuesday, August 16, 2011 4:17:27 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
What a poor show from Limuru Tea, management attributes the drop in profits to a 50% drop in tea production; tea production came in around 237 tonnes in the 1H of 2011.

EPS dropped by 72% despite a 6% improvement in tea prices aided by the weak shilling in the 1H of 2011, at a price of Sh315 per share the stock trades on a forward PE of 29 which is quiet expensive.


Read more here http://www.contrarianinv...-profits-drop-by-72.html
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Realtreaty
#6 Posted : Tuesday, August 16, 2011 9:03:04 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
It means that people did not take much more tea coz sugar prices went up. Let see the Mumias what they have for us Year end results June 2011.
Applause Applause Applause Applause Applause Applause Applause Sad Sad
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QW25071985
#7 Posted : Tuesday, August 16, 2011 9:13:44 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
Realtreaty wrote:
It means that people did not take much more tea coz sugar prices went up. Let see the Mumias what they have for us Year end results June 2011.
Applause Applause Applause Applause Applause Applause Applause Sad Sad


mumias will have nothing to show for their yr end and am reading to buy the stock at sub 3 bob. Why am i saying that ,just look at the price action to the run up to the results.its dead and stagnant as a pond.
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wilyum
#8 Posted : Wednesday, May 23, 2012 9:53:50 AM
Rank: Veteran


Joined: 12/21/2011
Posts: 1,010
not talking abt the results, bt out of curiosity,analysts,wots happening to this share,from 410 yester to 451.behind the scenes,wots driving this?
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VituVingiSana
#9 Posted : Wednesday, May 23, 2012 10:15:26 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
Tea prices are high (almost the highest they have been in years)
The KES is weakening vs US$ (Tea auctions in US$)
The land in Limuru is very valuable
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#10 Posted : Tuesday, June 12, 2012 4:16:42 PM
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Joined: 4/30/2010
Posts: 1,635
500 shares traded at 500/- today.
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Mastermind
#11 Posted : Tuesday, June 12, 2012 4:34:22 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
QW25071985 wrote:
Realtreaty wrote:
It means that people did not take much more tea coz sugar prices went up. Let see the Mumias what they have for us Year end results June 2011.
Applause Applause Applause Applause Applause Applause Applause Sad Sad


l have nothingmumias wil to show for their yr end and am reading to buy the stock at sub 3 bob. Why am i saying that ,just look at the price action to the run up to the results.its dead and stagnant as a pond.


Doube speak http://wazua.co.ke/forum.aspx?g=posts&t=18484

If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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stocksmaster
#12 Posted : Tuesday, June 12, 2012 5:28:29 PM
Rank: Member


Joined: 9/26/2006
Posts: 410
Location: CENTRAL PROVINCE
FUNKY wrote:
500 shares traded at 500/- today.


Agriculturals rock.........

Happy Hunting.
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