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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
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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chaimani
#2 Posted : Thursday, March 06, 2014 5:31:44 PM
Rank: New-farer

Joined: 2/26/2012
Posts: 25
Location: moscow na muranga
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mwekez@ji
#3 Posted : Thursday, March 06, 2014 5:39:32 PM
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Joined: 5/31/2011
Posts: 5,121
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
Rank: Elder

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

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PKoli
#5 Posted : Thursday, March 06, 2014 8:38:10 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
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
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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
Rank: Member

Joined: 11/1/2013
Posts: 257
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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  | | Edit by user: Friday, March 07, 2014 1:54 PM | Reason: Not specified
sparkly
#8 Posted : Friday, March 07, 2014 5:48:00 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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
Rank: Member

Joined: 7/7/2009
Posts: 41
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
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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  | | Edit by user: Friday, March 07, 2014 6:50 PM | Reason: Not specified
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