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Nation Media Group FY 2013 results Pre-tax Profit up 2.4%
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murchr
#1 Posted : Thursday, March 20, 2014 2:19:02 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
NMG Pre-tax Profit up 2.4%

to 3.5B, Nation Media Group dividend stays at KSh 10 a share. DailyNation circulation up 2% op profit up 6% and ad revenue up 12%.
"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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Angelica _ann
#2 Posted : Thursday, March 20, 2014 2:21:31 PM
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Joined: 12/7/2012
Posts: 11,908
2013 was a tough year, wonder whether 2014 will be any better?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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muganda
#3 Posted : Thursday, March 20, 2014 2:33:02 PM
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Joined: 9/15/2006
Posts: 3,905
Such lacklustre results. 2.4% means we barely managed not to have a profit dip.

Yet all drivers looked up, so which business unit is to blame?
Sales for the Group +8%
Nation Newspapers +6%
BD_Africa +51%
Daily Monitor +10%
NTV Kenya +3%
NTV Uganda +8%
Mwananchi communications +29%
Monitor publications +10%
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Goldilocks Reloaded
#4 Posted : Thursday, March 20, 2014 2:45:34 PM
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Joined: 1/14/2014
Posts: 178
I thought 2013 would have been a very good year for them with all the Election campaign advertisements and all...
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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murchr
#5 Posted : Thursday, March 20, 2014 2:48:32 PM
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Joined: 2/26/2012
Posts: 15,980
This should be a wakeup call the print business - esp newspaper sales will definitely dip. If they are not into pay TV then sijui. Seems they made money during the election time and the rest of the time things went flat
"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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alma
#6 Posted : Thursday, March 20, 2014 2:48:43 PM
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Joined: 7/20/2007
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This is interesting. Anyone with the detailed report?
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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dunkang
#7 Posted : Thursday, March 20, 2014 2:53:07 PM
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Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
WOLOLO! Other than CFC Stanbic Bank and PanAfric, the year has been TOUGH!!!!!
Receive with simplicity everything that happens to you.” ― Rashi

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murchr
#8 Posted : Thursday, March 20, 2014 3:00:18 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
muganda wrote:
Such lacklustre results. 2.4% means we barely managed not to have a profit dip.

Yet all drivers looked up, so which business unit is to blame?
Sales for the Group +8%
Nation Newspapers +6%
BD_Africa +51%
Daily Monitor +10%
NTV Kenya +3%
NTV Uganda +8%
Mwananchi communications +29%
Monitor publications +10%




Nation Hela? But not suprised by NTVKenya with people like madowo
"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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muganda
#9 Posted : Thursday, March 20, 2014 3:16:10 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
@murchr I must agree. TV is like showbiz, it makes you think someone is doing so well. What with the 73% reach they're indicating, then results - alas!

Okay here we go http://www.nationmedia.com/docs...ultsInvestorBriefing.pdf



The culprit is Operating Expenses up 11.7%. Seconded by a decrease in Cash generated from Operations.
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2012
#10 Posted : Thursday, March 20, 2014 3:45:59 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
muganda wrote:
Such lacklustre results. 2.4% means we barely managed not to have a profit dip.

Yet all drivers looked up, so which business unit is to blame?
Sales for the Group +8%
Nation Newspapers +6%
BD_Africa +51%
Daily Monitor +10%
NTV Kenya +3%
NTV Uganda +8%
Mwananchi communications +29%
Monitor publications +10%



On the Radio slide they seem to have deliberately excluded Easy FM while they have the newer Q FM. I think that must be the loss maker as it needs big egos and money to effectively compete directly with Kiss, Classic, Capital.

BBI will solve it :)
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Fyatu
#11 Posted : Thursday, March 20, 2014 4:08:48 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
murchr wrote:
muganda wrote:
Such lacklustre results. 2.4% means we barely managed not to have a profit dip.

Yet all drivers looked up, so which business unit is to blame?
Sales for the Group +8%
Nation Newspapers +6%
BD_Africa +51%
Daily Monitor +10%
NTV Kenya +3%
NTV Uganda +8%
Mwananchi communications +29%
Monitor publications +10%




Nation Hela? But not suprised by NTVKenya with people like madowo


NTV has very poor picture quality/very poor sound. Very poor news studio. Just flip to KTN today at 7PM or at Prime time or tomorrow's breakfast show to see what i'm talkng about. Hata CORDTV is better in terms of picture and sound. If you look at their programming you get very depressed.Lets not even go to the presenters..
Dumb money becomes dumb only when it listens to smart money
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sparkly
#12 Posted : Thursday, March 20, 2014 4:54:26 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
muganda wrote:
@murchr I must agree. TV is like showbiz, it makes you think someone is doing so well. What with the 73% reach they're indicating, then results - alas!

Okay here we go http://www.nationmedia.com/docs...ultsInvestorBriefing.pdf



The culprit is Operating Expenses up 11.7%. Seconded by a decrease in Cash generated from Operations.


VAT on newspapers must have dampened the circulation growth.
Life is short. Live passionately.
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murchr
#13 Posted : Thursday, March 20, 2014 5:19:00 PM
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Joined: 2/26/2012
Posts: 15,980
Other income= Nsoko? That dip is big
"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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streetwise
#14 Posted : Thursday, March 20, 2014 5:21:03 PM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Tells me what I have always thought..no money in print media and worse may come..more so with all these Digital moves..
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hisah
#15 Posted : Thursday, March 20, 2014 5:56:48 PM
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Joined: 8/4/2010
Posts: 8,977
I'm in this counter and this results are nasty. Very nasty Sad

Daily nation revenue is as bad as it gets while The EA publication they didn't bother to show if it made any profits/losses. In an election year, I expect much better revenues...

EPS = 13.4 while share price today = 323 means P/E = 24.1 - too overpriced. I have to sell this one and take that measly gain as the fundies are quite bad. Also if they lose that digital migration case against gok, it will get more squeaky for their ad revenues.

I expect the price to dip going forward just like EABL and the only saving grace is winning the case vs gok.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#16 Posted : Thursday, March 20, 2014 6:02:53 PM
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Joined: 2/26/2012
Posts: 15,980
@hisah what is lacking here is leadership. One cannot fight an idea whose time has come. Safcom is getn into paytv, its either they conform or perish
"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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