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Longhorn Listing
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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... in the next few weeks ... June 2012 *It will list by introduction 58,500,000 ordinary shares of Sh1 each on the Alternative Market Segment of the NSE.*Before the move to go public via the NSE, the shares were trading on the Over-the-Counter (OTC) market at the Sh66-price range. *Listed investment company Centum is Longhorn’s lead investor with a 35 per cent stake which it bought in 2008 for Sh241 million.*Businessman and Tetu MP Francis Nyammo is the second largest shareholder with an 11 per cent stake while Mureka Investments controls 2.7 per cent of the firm’s shares. Other top shareholders include Kamami Investments with 2.1 per cent and Text Book Centre with two per cent. *Net profits soared to Sh146 million last year, about six times more than the Sh22 million it made in the 2010 financial yearhttp://www.businessdailyafrica....0/-/u1rwelz/-/index.html
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Net profits soared 600% plus last year. Interesting sales pitch... Is this feat achievable in going forward? Was it a fluke? I'd keep off until the H1 2012 results are out to assess the incredible profit rally... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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So much activity in the NSE gets one thinking what are they seeing/trying to do. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Aguytrying wrote:So much activity in the NSE gets one thinking what are they seeing/trying to do. I know. Anticipate a flurry of listings in a very short time-span... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Nyammo? The chap behind the failure of Kenya Finance Bank? The chap whose activities almost closed down Pan African Insurance (then sold to Sanlam of SA) BTW, if Centum is selling, be cautious. They sold out of Neveready. We know where it is now! I am not touching this with a 10-foot pole! Let me stick with Aga Khan firms or KEKE...! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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At the KES 66 per share (the OTC price), we have
2011 Trailing P/E ratio of 26.5 {66/(146,000,000/58,500,000)}
2010 Trailing P/E ratio of 175.5 {66/(22,000,000/58,500,000)}
DAMN!!! Thats VERY expensive when compared with the NSE Main Market P/E ratio of 9.36
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Those holding the shares from OTC, share the Annual Reports we comb them out
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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VituVingiSana wrote:Nyammo?
The chap behind the failure of Kenya Finance Bank?
The chap whose activities almost closed down Pan African Insurance (then sold to Sanlam of SA)
BTW, if Centum is selling, be cautious. They sold out of Neveready. We know where it is now!
I am not touching this with a 10-foot pole! Let me stick with Aga Khan firms or KEKE...! I remember KFB.... Wouldn't touch longhorn either
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Im waiting for deacons IPO in July... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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guru267 wrote:Im waiting for deacons IPO in July... IPO or Listing by Introduction? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:guru267 wrote:Im waiting for deacons IPO in July... IPO or Listing by Introduction? The latter.. But i still want a piece of this African retail story either way!! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Digital media - Present continous.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Cde Monomotapa wrote:Digital media - Present continous. well noted. Why would anyone buy into a book publisher when even children in Pokot and Kilgoris are learning their a,e,i... on ebook readers? Obsolete tech, like buying a company that makes typewriters. Longhorn should by now be selling branded ebook readers with their pre-installed ebooks or have acquired rights to distrubuted ebooks from international publishers. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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I am NOT endorsing Longhorn. I do not trust Nyammo. Until I see the numbers, there is no point speculating on value. Nevertheless: Folks, Longhorn is not a 'printer' as much as a publisher. In the current set-up, publishers are needed whether one prints or provides e-books. Longhorn publishes (mostly) educational books & with a wildly fluctuating curricula, there is a market for 'new' books every 1-2 years for the same grade/class. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Interesting disclosure there about print & publishing. Mmm..
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Btw, does Longhorn publish mainstream school books or supplementary books. (anyone with children)
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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www.businessdailyafrica....4/-/mr3s1wz/-/index.htmlLooks pretty cheap at 1st glance if you asked me.. Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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we are in bull market so screw your fundamental analysis and buy !
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Best to wait for the IM. You never know what you might find in there ala Britank... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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