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UNGA Group Full Year 2011/2012 Results
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King G
#11 Posted : Friday, September 28, 2012 1:04:44 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
the deal wrote:
The Directors decided to pack Ksh30mn in a Term deposit instead of increasing the dividend thats not cool, Ksh30mn is equal to Ksh0.40 per share.



I hope you cashed in on your capital gains? But i believe in the long haul Unga is still a good bet!
Thieves
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VituVingiSana
#12 Posted : Friday, September 28, 2012 1:10:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
the deal wrote:
The Directors decided to pack Ksh30mn in a Term deposit instead of increasing the dividend thats not cool, Ksh30mn is equal to Ksh0.40 per share.
Shame on you Shame on you Shame on you You need to learn to interpret that info... d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#13 Posted : Friday, September 28, 2012 1:28:38 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
the deal wrote:
The Directors decided to pack Ksh30mn in a Term deposit instead of increasing the dividend thats not cool, Ksh30mn is equal to Ksh0.40 per share.
Shame on you Shame on you Shame on you You need to learn to interpret that info... d'oh! d'oh! d'oh!

LOL you need to learn something a higher dividend is a way of unlocking shareholder value...they already have a considerable amount in those term deposits. They were suppose to increase that dividend period even if it means taping their cash reserves from the other year! There was no excuse here.
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VituVingiSana
#14 Posted : Friday, September 28, 2012 2:03:28 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
the deal wrote:
VituVingiSana wrote:
the deal wrote:
The Directors decided to pack Ksh30mn in a Term deposit instead of increasing the dividend thats not cool, Ksh30mn is equal to Ksh0.40 per share.
Shame on you Shame on you Shame on you You need to learn to interpret that info... d'oh! d'oh! d'oh!

LOL you need to learn something a higher dividend is a way of unlocking shareholder value...they already have a considerable amount in those term deposits. They were suppose to increase that dividend period even if it means taping their cash reserves from the other year! There was no excuse here.

That wasn't the point. You missed it. This is a balance sheet item so on 30 June 2012, they had a Term Deposit. It may have matured by 28 Sep 2012. Or timed to mature on the dividend payment date. So of course, they will 'park' it in a Term Deposit between 30th June 2012 to the payment date. It would be silly to leave it in a Current Account for 5 months!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#15 Posted : Friday, September 28, 2012 3:00:29 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
the deal wrote:
VituVingiSana wrote:
the deal wrote:
The Directors decided to pack Ksh30mn in a Term deposit instead of increasing the dividend thats not cool, Ksh30mn is equal to Ksh0.40 per share.
Shame on you Shame on you Shame on you You need to learn to interpret that info... d'oh! d'oh! d'oh!

LOL you need to learn something a higher dividend is a way of unlocking shareholder value...they already have a considerable amount in those term deposits. They were suppose to increase that dividend period even if it means taping their cash reserves from the other year! There was no excuse here.

That wasn't the point. You missed it. This is a balance sheet item so on 30 June 2012, they had a Term Deposit. It may have matured by 28 Sep 2012. Or timed to mature on the dividend payment date. So of course, they will 'park' it in a Term Deposit between 30th June 2012 to the payment date. It would be silly to leave it in a Current Account for 5 months!

On the cash flow statement they say the term deposit is an investment, so they can roll it over when it matures...smile
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VituVingiSana
#16 Posted : Friday, September 28, 2012 3:02:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
the deal wrote:
VituVingiSana wrote:
the deal wrote:
VituVingiSana wrote:
the deal wrote:
The Directors decided to pack Ksh30mn in a Term deposit instead of increasing the dividend thats not cool, Ksh30mn is equal to Ksh0.40 per share.
Shame on you Shame on you Shame on you You need to learn to interpret that info... d'oh! d'oh! d'oh!

LOL you need to learn something a higher dividend is a way of unlocking shareholder value...they already have a considerable amount in those term deposits. They were suppose to increase that dividend period even if it means taping their cash reserves from the other year! There was no excuse here.

That wasn't the point. You missed it. This is a balance sheet item so on 30 June 2012, they had a Term Deposit. It may have matured by 28 Sep 2012. Or timed to mature on the dividend payment date. So of course, they will 'park' it in a Term Deposit between 30th June 2012 to the payment date. It would be silly to leave it in a Current Account for 5 months!

On the cash flow statement they say the term deposit is an investment, so they can roll it over when it matures...smile
The CF Statement is for the period. Of they can roll a Term Deposit. Isn't that idea (to earn higher interest) until cash is needed?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gatoho
#17 Posted : Friday, September 28, 2012 6:48:31 PM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
I will gladly wait to add @ 9 bob.. Another one for retirement
Foresight..
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guru267
#18 Posted : Friday, September 28, 2012 9:28:23 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
When this stock rallied from 10bob - 16bob.. I smelt two fat rats called SPECULATION and GREED..

it looks like The guys who bought during that rally will sell to me at 10bob.. smile

This is a good stock at the right price!
Mark 12:29
Deuteronomy 4:16
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