Turnover up to 37.5B from 35.9B
PBT DOWN to 7.18B from 8.47B
PAT DOWN to 4.88B from 5.86B
EPS DOWN to 12.17 from 14.44
Dividend up 10.50 from 8

NSSF grows stake in Bamburi Cement



The National Social Security Fund (NSSF) has increased its stake in Bamburi Cement to enhance the fund's bid to reclaim a seat in the board of the cement firm.

Filings with the regulator indicate that the workers-owned pension provider increased its stake to 16.67 per cent as at April 11 from 14.71 per cent in September 2012 after buying 3.53 million shares currently worth Sh724 million.

http://www.businessdailyafrica....00/-/o0icru/-/index.html

@chiaroscuro;that is a rich indian tycoon

interesting guy he is then

When you look at some counters including EABL, Carbacid & BAT ... the dividends they get today equal the price of the shares as little as 11 years ago i.e. 2002 before Kibaki became president. I noticed he likes agricultural firms & compare Williamson which traded at 50 about 3-4 years ago. These days, with biological gains, the EPS is routinely over 50.

There are many like him who have been investing for years & are now billionaires. There was a time when dividend yields were 20% [when interest rates were 50%] but over time the interest rates dropped while the dividends increased!

That's what PWN said. He buys in his own name to minimize taxes & since there is nothing to fear i.e. it is his money. I think this BC Patel may be the same guy who was a huge shareholder (but not on the board) in Pan African Insurance but sold out to Sanlam after nyammo & friends screwed it over when they stole from Kenya Finance Bank. I think after that he moved to firms with solid management only like Warren Buffett does. That is a lesson I learnt the hard way too.