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Sameer (Firestone) FY 12 PAT up 96% courtesy of lower finance cost
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mwekez@ji
#1 Posted : Friday, March 22, 2013 12:05:13 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
>>> FYR pdf copy here

Funny, No dividend declared this time. The dividend declared at Q3 2012 is now considered "First and Final Dividend".
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mlennyma
#2 Posted : Friday, March 22, 2013 12:24:30 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The mockery of a monkey.
"Don't let the fear of losing be greater than the excitement of winning."
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WWW
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dunkang
#3 Posted : Friday, March 22, 2013 12:28:54 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Naushad Meralli
SMH
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#4 Posted : Friday, March 22, 2013 2:36:41 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
LMAO... What? No faith?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#5 Posted : Friday, March 22, 2013 3:19:27 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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symbols
#6 Posted : Friday, March 22, 2013 3:28:20 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
@VVS - What would compel you to touch this share Merali issue excluded.
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Mastermind
#7 Posted : Friday, March 22, 2013 4:19:17 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
FUNKY wrote:
http://www.businessdailyafrica.com/Corporate-News/Sameer-posts-96pc-growth-in-net-profit/-/539550/1727716/-/4s7jly/-/index.html


Something is wrong with this article right?
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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mwekez@ji
#8 Posted : Friday, March 22, 2013 7:17:36 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Mastermind wrote:
FUNKY wrote:
http://www.businessdailyafrica.com/Corporate-News/Sameer-posts-96pc-growth-in-net-profit/-/539550/1727716/-/4s7jly/-/index.html


Something is wrong with this article right?


yeah, right
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VituVingiSana
#9 Posted : Friday, March 22, 2013 10:08:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
symbols wrote:
@VVS - What would compel you to touch this share Merali issue excluded.

1) There is a lot of ambiguity as far as the real estate JV is concerned. Merali owns 75% of the Real Estate JV along Mombasa Rd& Sameer Africa only 25% thus we do not know whether there is any equity (left for Sameer Africa) in the project. A clarification on this matter is required.

2) I find it pricey at 5.80 vs potential growth. High PER for the firm with inconsistent performance.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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symbols
#10 Posted : Saturday, March 23, 2013 2:47:02 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
VituVingiSana wrote:
symbols wrote:
@VVS - What would compel you to touch this share Merali issue excluded.

1) There is a lot of ambiguity as far as the real estate JV is concerned. Merali owns 75% of the Real Estate JV along Mombasa Rd& Sameer Africa only 25% thus we do not know whether there is any equity (left for Sameer Africa) in the project. A clarification on this matter is required.

2) I find it pricey at 5.80 vs potential growth. High PER for the firm with inconsistent performance.


In your view what are the determinants and obstacles for growth in its core business?
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