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Car & General FY13 EPS up 18.8%. DPS 0.80 Bonus 1:5
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mwekez@ji
#1 Posted : Tuesday, January 28, 2014 1:58:22 PM
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mlennyma
#2 Posted : Tuesday, January 28, 2014 2:08:54 PM
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Very nice first shot to the reporting season,others follow the bonus suit to give meaning to jubilee year.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#3 Posted : Tuesday, January 28, 2014 3:09:35 PM
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Applause Applause Applause Applause Applause Applause

WHEN THE GURU SPEAKS........
Mark 12:29
Deuteronomy 4:16
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vestor
#4 Posted : Tuesday, January 28, 2014 3:21:19 PM
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Joined: 11/9/2010
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guru267 wrote:
Applause Applause Applause Applause Applause Applause

WHEN THE GURU SPEAKS........


Do you now change the timeline for achieving your selling price ?
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Horton
#5 Posted : Tuesday, January 28, 2014 4:41:55 PM
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18.8%?!?! Hardly a laudable result. Bonus?! Big deal!
Gross profit up a measly17%
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mwekez@ji
#6 Posted : Tuesday, January 28, 2014 8:08:39 PM
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Joined: 5/31/2011
Posts: 5,121
Horton wrote:
18.8%?!?! Hardly a laudable result. Bonus?! Big deal!
Gross profit up a measly17%

Kweli we have very different definations of laudable results. Kwangu, +18.8% +17% are laudable results and the Bonus is a big deal in increasing liquidity here. Hii counter inafaa kuwa huko 80s
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guru267
#7 Posted : Tuesday, January 28, 2014 8:14:08 PM
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Horton wrote:
18.8%?!?! Hardly a laudable result. Bonus?! Big deal!
Gross profit up a measly17%


I see the doubters are still alive and kicking...

Wait for the price action in 2014!

Glad I got in at 28.....
Mark 12:29
Deuteronomy 4:16
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guru267
#8 Posted : Tuesday, January 28, 2014 8:22:52 PM
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EPS = 8.83 bob

NAV per share = 75 bob

I am in for a big ride on this one!
Mark 12:29
Deuteronomy 4:16
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Horton
#9 Posted : Wednesday, January 29, 2014 9:13:46 AM
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mwekez@ji wrote:
Horton wrote:
18.8%?!?! Hardly a laudable result. Bonus?! Big deal!
Gross profit up a measly17%

Kweli we have very different definations of laudable results. Kwangu, +18.8% +17% are laudable results and the Bonus is a big deal in increasing liquidity here. Hii counter inafaa kuwa huko 80s


Why would "increasing liquidity" be your primary concern for a stocks price to rise?? if anything, it should go down( supply n demand) i guess it works different in Kenya?? Share buybacks increase value for Shareholders not INCREASING LIQUIDITY.

Have you asked yourself...if this company had soo much in Retained earnings (i.e. such a high NAV) why are they just giving a stingy 0.80 dividend? @ Guru, one thing about NAVs, you should always give a margin of safety, reason for this is that you have to discount for bias.


What Moat does this company have? If you look carefully at the results... most of the "profits" are from revaluation of properties.
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guru267
#10 Posted : Wednesday, January 29, 2014 10:01:13 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Horton wrote:
mwekez@ji wrote:
Horton wrote:
18.8%?!?! Hardly a laudable result. Bonus?! Big deal!
Gross profit up a measly17%

Kweli we have very different definations of laudable results. Kwangu, +18.8% +17% are laudable results and the Bonus is a big deal in increasing liquidity here. Hii counter inafaa kuwa huko 80s


Why would "increasing liquidity" be your primary concern for a stocks price to rise?? if anything, it should go down( supply n demand) i guess it works different in Kenya?? Share buybacks increase value for Shareholders not INCREASING LIQUIDITY.

Have you asked yourself...if this company had soo much in Retained earnings (i.e. such a high NAV) why are they just giving a stingy 0.80 dividend? @ Guru, one thing about NAVs, you should always give a margin of safety, reason for this is that you have to discount for bias.


What Moat does this company have? If you look carefully at the results... most of the "profits" are from revaluation of properties.



Well @Horton despite all the theories above we have opened at 42bob with no supply in sight! Looks like I will be selling at 70bob in no time... Laughing out loudly Applause Laughing out loudly Applause Laughing out loudly Applause
Mark 12:29
Deuteronomy 4:16
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guru267
#11 Posted : Wednesday, January 29, 2014 10:08:03 AM
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If I'm paid a small dividend because of massive expansion plans why would I mind??
Mark 12:29
Deuteronomy 4:16
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Horton
#12 Posted : Wednesday, January 29, 2014 10:10:18 AM
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@guru true however demand is also only 500 shares.. I do realise its a difference of opinion where i neither gain nor lose....so good luck i hope it goes well for you...
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guru267
#13 Posted : Wednesday, January 29, 2014 11:20:19 AM
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50 bob pap!
Mark 12:29
Deuteronomy 4:16
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ecstacy
#14 Posted : Wednesday, January 29, 2014 11:30:25 AM
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Joined: 2/26/2008
Posts: 4,449
guru267 wrote:
Horton wrote:
18.8%?!?! Hardly a laudable result. Bonus?! Big deal!
Gross profit up a measly17%


I see the doubters are still alive and kicking...

Wait for the price action in 2014!

Glad I got in at 28.....


Applause This counter is on steroids.
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Aguytrying
#15 Posted : Wednesday, January 29, 2014 1:32:55 PM
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their debt scared me last time i looked at it
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#16 Posted : Wednesday, January 29, 2014 7:59:35 PM
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Joined: 5/31/2011
Posts: 5,121
Horton wrote:
mwekez@ji wrote:
Horton wrote:
18.8%?!?! Hardly a laudable result. Bonus?! Big deal!
Gross profit up a measly17%

Kweli we have very different definations of laudable results. Kwangu, +18.8% +17% are laudable results and the Bonus is a big deal in increasing liquidity here. Hii counter inafaa kuwa huko 80s


Why would "increasing liquidity" be your primary concern for a stocks price to rise?? if anything, it should go down( supply n demand) i guess it works different in Kenya?? Share buybacks increase value for Shareholders not INCREASING LIQUIDITY.

Have you asked yourself...if this company had soo much in Retained earnings (i.e. such a high NAV) why are they just giving a stingy 0.80 dividend? @ Guru, one thing about NAVs, you should always give a margin of safety, reason for this is that you have to discount for bias.


What Moat does this company have? If you look carefully at the results... most of the "profits" are from revaluation of properties.



@horton, if you have ever tried buying this counter you would know why increasing liquidity is important. You also need to understand NSE, bonus issues augur well and they end up increase the worth of ones holding .... dividend, @guru amejibu ... profits, they are both from operations and the properties. those at this counter treasure both and they know both will continue to deliver good results ... that said, mr. market was happy with the results delivered ;-)
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mwekez@ji
#17 Posted : Wednesday, January 29, 2014 8:09:53 PM
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Posts: 5,121
Aguytrying wrote:
their debt scared me last time i looked at it


it had also scared me at first then i worked out debt to equity ratio which worked out to less than 1. i consider a gearing of upto 3 to be ok
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VituVingiSana
#18 Posted : Wednesday, January 29, 2014 11:23:20 PM
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Joined: 1/3/2007
Posts: 18,124
Location: Nairobi
The largest portion of the 'profits' [I am using PBT] is from "Revaluation Gains of Properties" which is a non-cash item and unless the properties are sold, these will not generate cash [except for rent]. If property prices stagnate [or fall] then the situation would be dire using PBT as a yardstick.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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