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Kenya Orchards Ltd FY2012 Results
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dunkang
#1 Posted : Friday, March 29, 2013 8:09:50 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
WIERD? FUNNY? CRAZY? In whatever way you want to describe me, for the first time ever in Wazua, here comes the Full Year 2012 Results for KOL!

Turnover up 10.38p.c to KES29.68M

Profit Bfore Tax down 15.19p.c to KES1.64M

Profit After Tax down 65.61p.c to KES0.24M

Total dividend payout KES55,000

No. of listed shares 12,868,124

Company website: www.njorocanning.co.ke

Company products;
- Relishes and Pickles
- Sauces
- Canned Vegetables
- Dehydrated Vegetables
- Frozen Vegetables
- Spices
- Jams and Marmalades
- Desserts
Receive with simplicity everything that happens to you.” ― Rashi

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sparkly
#2 Posted : Friday, March 29, 2013 1:27:10 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
dunkang wrote:
WIERD? FUNNY? CRAZY? In whatever way you want to describe me, for the first time ever in Wazua, here comes the Full Year 2012 Results for KOL!

Turnover up 10.38p.c to KES29.68M

Profit Bfore Tax down 15.19p.c to KES1.64M

Profit After Tax down 65.61p.c to KES0.24M

Total dividend payout KES55,000

No. of listed shares 12,868,124

Company website: www.njorocanning.co.ke

Company products;
- Relishes and Pickles
- Sauces
- Canned Vegetables
- Dehydrated Vegetables
- Frozen Vegetables
- Spices
- Jams and Marmalades
- Desserts


This company is performing sub-par IMO. With a rapidly growing middle class in Kenya and a growing East Africa Export market, they ought to do better.

70 years of operations and their turnover is 30m! Someone needs to drill some strategic sense into the heads of the Directors, seriously. It is obviously a very closely held company and the shareholders should be ready to cede some control in return for more capital and human resource.
Life is short. Live passionately.
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guru267
#3 Posted : Friday, March 29, 2013 1:34:10 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
An NSE listed company with 30mill turnover and 200k profits?!

Sad!
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#4 Posted : Friday, March 29, 2013 1:46:42 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Better than losing money;-)
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#5 Posted : Friday, March 29, 2013 1:56:25 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Is Hutchings Biemer still in operation? In 2006, it had already been suspended for 10 years. Eish! Is it still suspended or was it delisted? What was the initial reason for suspension? Sage a.k.a VVS, sema kitusmile
GOD BLESS YOUR LIFE
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dunkang
#6 Posted : Friday, March 29, 2013 3:19:47 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
youcan'tstopusnow wrote:
Better than losing money;-)


@YCSN, i think its better to lose money in 1 or 2 years then make billions in the 3rd year than making 200k forever!

@Sparkly, could it be that the 'share ownership protection' is a way of tax evading. #just_asking

Surely, how can you declare 55,000/- dividend payout for over 12Million shares for the 2nd year running?

This stock has been trading at 3/- since forever!
Receive with simplicity everything that happens to you.” ― Rashi

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murchr
#7 Posted : Friday, March 29, 2013 4:56:40 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
sparkly wrote:
dunkang wrote:
WIERD? FUNNY? CRAZY? In whatever way you want to describe me, for the first time ever in Wazua, here comes the Full Year 2012 Results for KOL!

Turnover up 10.38p.c to KES29.68M

Profit Bfore Tax down 15.19p.c to KES1.64M

Profit After Tax down 65.61p.c to KES0.24M

Total dividend payout KES55,000

No. of listed shares 12,868,124

Company website: www.njorocanning.co.ke

Company products;
- Relishes and Pickles
- Sauces
- Canned Vegetables
- Dehydrated Vegetables
- Frozen Vegetables
- Spices
- Jams and Marmalades
- Desserts


This company is performing sub-par IMO. With a rapidly growing middle class in Kenya and a growing East Africa Export market, they ought to do better.

70 years of operations and their turnover is 30m! Someone needs to drill some strategic sense into the heads of the Directors, seriously. It is obviously a very closely held company and the shareholders should be ready to cede some control in return for more capital and human resource.


Sparkly I agree with you completely, some sense needs to be drilled into the directors of this company
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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VituVingiSana
#8 Posted : Saturday, March 30, 2013 9:10:03 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Hutchings Biemer was just a vehicle to get hold of the brands it 'controlled' ... It should be delisted.
KOL is probably a shell used to support other businesses owned by the controlling shareholder. At least it makes a profit & the majority shareholder isn't playing merali style games! Or could be!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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dunkang
#9 Posted : Saturday, March 30, 2013 9:56:54 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
What happened to the following firms and their operations;
- African Lakes Corporation plc. It was listed at the NSE and delisted in 2002. It was involved in the transport business. Does it still operate?

- A Baumann is still listed at the NSE but suspended (??). Its was retailer dealing with electrical and farm machineries. Does it still have shops?

- Hutchings Biemer still listed but suspended. It was also a retailer dealing with furniture. Still alive?

What happened to the handful of shareholders?
Receive with simplicity everything that happens to you.” ― Rashi

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Ilikeyou
#10 Posted : Monday, August 18, 2014 3:58:42 PM
Rank: Member


Joined: 11/21/2007
Posts: 152
Location: Nairobi
Ooops!

They have never attempted to repay even sh.1 of Sh.256M borrowings they just keep reporting since 2008.

negative equity.

Can we include this as a referendum item also?
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