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Limuru Tea pre-tax profits 72% down
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muganda
#1 Posted : Monday, March 24, 2014 5:59:26 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Oh my, this agriculture, yet we all agree it is the future for Kenya, it is very dangerous for investors mid-term.

Did they event issue a profit warning! So bad that even they forget to enclose a P&L, just balance sheet and cash flow!

Results: http://ge.tt/4lnXx4T1/v/0
Culprits: lower gains on revaluation of biological assets, and reduced tea auction prices. Cost of sales also higher; same for wage increase.

Dividend 7.50
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streetwise
#2 Posted : Monday, March 24, 2014 6:12:16 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Agriculture has this nature were some time the yields are high and other times they are low affected in my words by anything and everything.

Very difficult place to be...just ask some of those farmers around Kenya, over 7 years what is the productivity like..

No wonder the Kiambu farmers started concrete farming..
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muganda
#3 Posted : Monday, March 24, 2014 6:13:55 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
@streetwise No wonder the Kiambu farmers started farming concrete..

Laughing out loudly Laughing out loudly Laughing out loudly
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dunkang
#4 Posted : Monday, March 24, 2014 6:48:48 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
@Cashflow must have collapsed. He has been singing Agrics here nonstop.

@Streetwise, that is a new one. Laughing out loudly Laughing out loudly Laughing out loudly
Receive with simplicity everything that happens to you.” ― Rashi

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georgegop
#5 Posted : Monday, March 24, 2014 8:06:13 PM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
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CASHFLOW202
#6 Posted : Monday, March 24, 2014 8:56:07 PM
Rank: New-farer


Joined: 4/6/2013
Posts: 95
dunkang wrote:
@Cashflow must have collapsed. He has been singing Agrics here nonstop.

@Streetwise, that is a new one. Laughing out loudly Laughing out loudly Laughing out loudly


Hehe I like this statement about me.
But trust me I have made money. I started the thread when they were lower or mid way their 52wk range and all the four I had are at their top. made ROIs of an average of 26pc. Now I only have Williamson tea which I am already 24pc up so come down buddy dunkang
Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
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streetwise
#7 Posted : Tuesday, March 25, 2014 8:17:56 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Kapchorua Tea issues profit warning as global prices fall

http://www.businessdaily...-/104fdv1z/-/index.html



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stockshunter
#8 Posted : Tuesday, March 25, 2014 8:57:22 AM
Rank: Member


Joined: 1/16/2014
Posts: 114
At this rate of companies recording poor performance we might see the bear before the end of the year. looking around there are no bargains in the market and more so the poor earnings in agricultural sector which is the leading foreign exchange earner we will have problems. The dollar might sky rocket and the commodities such as fuel and other imports will drive the inflation.
fear makes people live a miserable life.
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dunkang
#9 Posted : Tuesday, March 25, 2014 9:42:45 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
streetwise wrote:
Kapchorua Tea issues profit warning as global prices fall

http://www.businessdaily...-/104fdv1z/-/index.html


Pray Pray Pray Pray
All i can ask is, "HOW BAD, HOW BAD IS IT, HOW BAD?"
Receive with simplicity everything that happens to you.” ― Rashi

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streetwise
#10 Posted : Tuesday, March 25, 2014 9:45:53 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi

Like I said before affected by anything and everything. Is there a person who has studied actuarial science who can help us here...
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hisah
#11 Posted : Tuesday, March 25, 2014 11:41:20 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
stockshunter wrote:
At this rate of companies recording poor performance we might see the bear before the end of the year. looking around there are no bargains in the market and more so the poor earnings in agricultural sector which is the leading foreign exchange earner we will have problems. The dollar might sky rocket and the commodities such as fuel and other imports will drive the inflation.

If the chingland defaults blow up as expected from Q2, then I expect commodos prices to deflate or even collapse across board! So KES might just survive a nasty squeeze even if the eurobond is postponed or undersubscribed since oil becomes cheap and CBR rates are still high.

But the nightmare would be if chingland defaults blow up and Fed hikes the USD fed rate. That cocktail would properly squeeze many emerging market currencies. Worse for those that rely on commodo exports for their fx reserves. If a nation just relies on say oil exports as the only fx income channel, such an econ will be at the crossfire and their ccy will definitely take it in the chin.

The biggest risk to the global econ is not inflation, but deflation and that's why the CBs have been printing money like madmen since GFC.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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