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Sameer FY 2013 posts +53% profit, 0.30 dividend
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muganda
#1 Posted : Wednesday, March 26, 2014 10:37:07 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
What a shocker this ugly duckling, due to a surge in export and local sales. Is this share now trading at a P/E of 4.8 and a dividend of 4.28!

http://in.mobile.reuters.com/ar...N0MN3X020140326?irpc=932
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  | | Edit by user: Wednesday, March 26, 2014 10:39 PM | Reason: Not specified
gatoho
#2 Posted : Wednesday, March 26, 2014 11:48:49 PM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
muganda wrote:
What a shocker this ugly duckling, due to a surge in export and local sales. Is this share now trading at a P/E of 4.8 and a dividend of 4.28!

http://in.mobile.reuters.com/ar...N0MN3X020140326?irpc=932

I was expecting a bonus
Foresight..
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Mucene
#3 Posted : Thursday, March 27, 2014 7:45:19 AM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
muganda wrote:
What a shocker this ugly duckling, due to a surge in export and local sales. Is this share now trading at a P/E of 4.8 and a dividend of 4.28!

http://in.mobile.reuters.com/ar...N0MN3X020140326?irpc=932


Pretax profit rose by 53 percent to 457 million shillings ($5.27 million), buoyed by the 255 million shillings sale of a piece of land it previously leased out.

Selling assets to show increase in profits?
If you don't want to go to plan B have a good plan A.
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muganda
#4 Posted : Thursday, March 27, 2014 8:06:20 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Mucene wrote:
Pretax profit rose by 53 percent to 457 million shillings ($5.27 million), buoyed by the 255 million shillings sale of a piece of land it previously leased out.

Selling assets to show increase in profits?


Cheers @Mucene for the insight. Verdict: still ugly but for some photo editing http://ge.tt/11Sw4yT1/v/0
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dunkang
#5 Posted : Thursday, March 27, 2014 10:59:06 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Mucene wrote:

Pretax profit rose by 53 percent to 457 million shillings ($5.27 million), buoyed by the 255 million shillings sale of a piece of land it previously leased out.

Selling assets to show increase in profits?

I saw that in the Company Commentary and my eyes POPPED OUT!Eh? Eh?
So, if the company made 453M, of which 255M was from selling company property, then simple maths indicate they made 198M from operations, which mean the profit declined!!!!

Pump pump pump pump, then DUMP!!!!!!!

ARE WE STARRING AT ANOTHER ENRON, KENYAN VERSION????
Receive with simplicity everything that happens to you.” ― Rashi

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jawgey
#6 Posted : Thursday, March 27, 2014 11:44:02 AM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
It's definitely a case of pump and dump. You gotta wonder why people are still falling for this.. but it's Merali we talking about, he's definitely capable of anything.
Seeing is believing
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stockshunter
#7 Posted : Thursday, March 27, 2014 12:07:27 PM
Rank: Member

Joined: 1/16/2014
Posts: 114
jawgey wrote:
It's definitely a case of pump and dump. You gotta wonder why people are still falling for this.. but it's Merali we talking about, he's definitely capable of anything.

In order to maintain the same performance and not issue a profit warning at the end of the current trading period they will have to sell their building along Mombasa road, net their factory, next..... A company cannot rely on selling assets to post positive result soon they will run out of assets to sell and that is when the real monkey will be seen. I can't touch this thing even the thought of it hurts.
fear makes people live a miserable life.
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Sufficiently Philanga....thropic
#8 Posted : Thursday, March 27, 2014 6:13:22 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
stockshunter wrote:
jawgey wrote:
It's definitely a case of pump and dump. You gotta wonder why people are still falling for this.. but it's Merali we talking about, he's definitely capable of anything.

In order to maintain the same performance and not issue a profit warning at the end of the current trading period they will have to sell their building along Mombasa road, net their factory, next..... A company cannot rely on selling assets to post positive result soon they will run out of assets to sell and that is when the real monkey will be seen. I can't touch this thing even the thought of it hurts.

smile Laughing out loudly smile
@SufficientlyP
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dunkang
#9 Posted : Thursday, March 27, 2014 7:03:26 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Some wise guy once said;
"The key to a perfect pump-and-dump scheme is Plausibility and prey."
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#10 Posted : Thursday, March 27, 2014 9:13:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
dunkang wrote:
Mucene wrote:

Pretax profit rose by 53 percent to 457 million shillings ($5.27 million), buoyed by the 255 million shillings sale of a piece of land it previously leased out.

Selling assets to show increase in profits?

I saw that in the Company Commentary and my eyes POPPED OUT!Eh? Eh?
So, if the company made 453M, of which 255M was from selling company property, then simple maths indicate they made 198M from operations, which mean the profit declined!!!!

Pump pump pump pump, then DUMP!!!!!!!

ARE WE STARRING AT ANOTHER ENRON, KENYAN VERSION????
Add to Olympia, HAFR for those stocks that make the majority shareholder wealthy not all the shareholders! And there are some Pumpers and Dumpers on Wazua who push these stocks. Ask @Obiero who has the details!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, March 27, 2014 9:16 PM | Reason: Not specified
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