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Bamburi Cement FY13 EPS down 21.5%
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mwekez@ji
#1 Posted : Thursday, March 06, 2014 5:31:00 PM
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chaimani
#2 Posted : Thursday, March 06, 2014 5:31:44 PM
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mwekez@ji
#3 Posted : Thursday, March 06, 2014 5:39:32 PM
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PAT down 24.8%. Talk of escaping issuing of a profit warning by a whisker ... ama they doctored the books to escape it¡¿
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dunkang
#4 Posted : Thursday, March 06, 2014 6:15:26 PM
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Receive with simplicity everything that happens to you.” ― Rashi

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PKoli
#5 Posted : Thursday, March 06, 2014 8:38:10 PM
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mwekez@ji wrote:
Tough time for the company/industry

https://www.nse.co.ke/listed-com...cement-full-year-results


Surprising results...this was one stock I had earmarked to keep like eabl. But with Dangote on the horizon, I am scared.
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hisah
#6 Posted : Friday, March 07, 2014 8:05:32 AM
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mwekez@ji wrote:
PAT down 24.8%. Talk of escaping issuing of a profit warning by a whisker ... ama they doctored the books to escape it¡¿

Wow! What an anticlimax. IMF VAT ghosts?? Is the econ squeaking this bad. Can't trust those EAPCC results...

So now we have EABL, Uchumi and BAMB throwing spanners in the works. Q1 slump will start leaking into financials and then by H1 the reversals will start popping out across a number of sectors. By then eurobond will be a past issue and the national budget will be in focus. How will GDP sprint above 5% with the current handbrake. I foresee financials at crosshairs at this rate. Cut lending rates and the consumer borrows to pay debts; hike rates and the NPLs spike badly. No where to run!
If handled badly the stench may leak into 2015 making the 2011 bumpy ride look like a smooth ride!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Magnate
#7 Posted : Friday, March 07, 2014 1:48:30 PM
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Bamburi pays higher dividend despite profit drop

http://www.capitalfm.co....nd-despite-profit-drop/


Full Year Profit after Tax 3.673b versus 4.882b -24.764%
Full Year Earnings Per share 9.55 versus 12.17 -21.52%

Interim Dividend 2/= + Final Dividend 9/= a share=11.00 versus 10.50 +4.76%

Note that they have paid out as Dividend 115.18% of Full Year Earnings Per Share.


The shareholders are the ones having their say here.


With bamburi down ,am eagerly waiting for the EAPCC H1 report hoping their turnaround results announced last year 2013 will be sustainable through 2014,and resume holding of the stock.
currently Mr.Market has no supply @ 88.0
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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sparkly
#8 Posted : Friday, March 07, 2014 5:48:00 PM
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Company has a lot of cash reserves.
Life is short. Live passionately.
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Juojo
#9 Posted : Friday, March 07, 2014 6:14:13 PM
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sparkly wrote:
Company has a lot of cash reserves.


Eish!! They should start a banking wing. Look @ that interest received. 473M Applause Applause Applause It's more than most small banks are showing Laughing out loudly Laughing out loudly Laughing out loudly
Happiness is not the absence of problems, It's the ability to deal with them
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mwekez@ji
#10 Posted : Friday, March 07, 2014 6:49:36 PM
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Rich wrote:
Bamburi Cement reported FY 2013 Earnings where Full Year Turnover declined -9.503% to 33.928b, FY Profit After Tax declined -24.764% making that a 2 Year Losing Streak, FY Earnings Per share declined -21.52%. Bamburi Cement is proposing to pay a Final Dividend of 9 shillings making that a Total Dividend Pay Out of 11 shillings a share and a +4.76% Increase on a Year on Year Basis. In fact, Bamburi Cement is paying out 115.18% of its Full Year Earnings Per share as Dividend, which speaks to a Management expressing confidence about 2014 or a Parent looking for cash. Bamburi Cement closed unchanged at 206.00 and traded just 300 shares. Bamburi Cement is -1.904% in 2014 and now trades on a PE of 21.571 which looks expensive and therefore, I expect some slippage in the Price notwithstanding a chunk Final Dividend worth 3.83% of Yield on the current Price.

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guru267
#11 Posted : Friday, March 07, 2014 7:16:30 PM
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Now this was a very unpleasant surprise!! Sad

But at least the management pay the shareholders to sit put as they work on a recovery plan..

I find these results shocking with the way the cement sector is booming here in Kenya and East Africa.
Mark 12:29
Deuteronomy 4:16
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mwekez@ji
#12 Posted : Friday, March 07, 2014 7:30:23 PM
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guru267 wrote:
Now this was a very unpleasant surprise!! Sad

But at least the management pay the shareholders to sit put as they work on a recovery plan..

I find these results shocking with the way the cement sector is booming here in Kenya and East Africa.


Competitors are eating into Bamburi market share. Bamburi cement is quite priced hence competitors winning. If trend continue, more woes unto this company ... HY14 PAT may be a turnaround, but on cost savings? *not good*
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guru267
#13 Posted : Saturday, March 08, 2014 9:41:03 AM
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mwekez@ji wrote:
guru267 wrote:
Now this was a very unpleasant surprise!! Sad

But at least the management pay the shareholders to sit put as they work on a recovery plan..

I find these results shocking with the way the cement sector is booming here in Kenya and East Africa.


Competitors are eating into Bamburi market share. Bamburi cement is quite priced hence competitors winning. If trend continue, more woes unto this company ... HY14 PAT may be a turnaround, but on cost savings? *not good*


They ought to secure themselves from the huge threats like ARM and Dangote especially pricing cement bags... They have enough capital to build a power plant!
Mark 12:29
Deuteronomy 4:16
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dunkang
#14 Posted : Thursday, July 10, 2014 9:08:45 AM
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NAIROBI, Kenya, July 9 – The World’s largest cement maker based in Switzerland, Holcim has ruled out plans for a take-over in the intended indirect acquisition of Kenya’s listed Bamburi Cement Limited.

In a statement on Wednesday Holcim said if it successfully merged with France-based cement firm Lafarge SA, which has a 58.6 controlling stake in Bamburi Cement, it will not issue a take-over offer to Bamburi Cement.

“We have no intention of making a take-over offer for BCL,” Holcim said.

Instead, each Lafarge shareholder would receive an equal number of newly issued ordinary shares of Holcim in a public exchange offer.
Receive with simplicity everything that happens to you.” ― Rashi

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2012
#15 Posted : Thursday, July 10, 2014 9:16:26 AM
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I still don't get why companies like Lafarge sell out.

BBI will solve it :)
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Aguytrying
#16 Posted : Thursday, July 10, 2014 10:17:52 AM
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2012 wrote:
I still don't get why companies like Lafarge sell out.


Its not a sell out. Its a "merger of equals" 50-50 down the middle. The new entity will be called Lafargeholcim
The investor's chief problem - and even his worst enemy - is likely to be himself
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Boris Boyka
#17 Posted : Thursday, July 10, 2014 12:03:47 PM
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@Aguy seems the 6/- interim after close of books didn't affect the price much! @guru was in this blue chip ako on which seat
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Aguytrying
#18 Posted : Thursday, July 10, 2014 4:49:15 PM
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Boris Boyka wrote:
@Aguy seems the 6/- interim after close of books didn't affect the price much! @guru was in this blue chip ako on which seat


the books haven't yet closed. indeed the half year results haven't been even announced. they announced the interim even before results! enjoy the dividend when it comes, capital gains will come much later.
The investor's chief problem - and even his worst enemy - is likely to be himself
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littledove
#19 Posted : Thursday, July 10, 2014 4:58:17 PM
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Aguytrying wrote:
Boris Boyka wrote:
@Aguy seems the 6/- interim after close of books didn't affect the price much! @guru was in this blue chip ako on which seat


the books haven't yet closed. indeed the half year results haven't been even announced. they announced the interim even before results! enjoy the dividend when it comes, capital gains will come much later.

how is that possible or a campany can reward shareholders any time they like
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Aguytrying
#20 Posted : Thursday, July 10, 2014 5:08:59 PM
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littledove wrote:
Aguytrying wrote:
Boris Boyka wrote:
@Aguy seems the 6/- interim after close of books didn't affect the price much! @guru was in this blue chip ako on which seat


the books haven't yet closed. indeed the half year results haven't been even announced. they announced the interim even before results! enjoy the dividend when it comes, capital gains will come much later.

how is that possible or a campany can reward shareholders any time they like


seeing is believing

www.businessdailyafrica....4/-/dvjfl9z/-/index.html
The investor's chief problem - and even his worst enemy - is likely to be himself
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