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Redefining GEMS...
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muganda
#1 Posted : Monday, April 07, 2014 5:44:56 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
These are the kinds of companies we need at the NSE, not funny lifeforms frequenting GEMS. But do they really need the hustle of being a listed company?

Mabati Rolling Mills generated 16bn revenue in a 7.4% top line growth.
Operating margin improved by 1.02bn or 152% due to Other Income plus a tight lid on selling and distribution expenses

Profit before tax up 6.3X to KShs 923mn http://ge.tt/3KdjREX1/v/0
Eat that HomeAfrika!
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VituVingiSana
#2 Posted : Monday, April 07, 2014 8:36:50 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
As you say, the hassle [not hustle] is too much of a bother. Who wants to answer to 'speculative' shareholders about long-term plans or expose plans to competitors?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#3 Posted : Tuesday, April 08, 2014 10:30:29 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
More hassles, more bothers. Not exactly GEMS but, a fine example of an unlisted gem...

CBA is now ranked Kenya's second biggest bank with 5.2 million deposit accounts thanks to M-Shawari.

Commerical Bank of Africa
Net Interest Income +20%
Fees and commissions +300%
Loan Book +33% now at 68.6bn
Deposits +14% to 104.7bn

Profit after tax up 19% to 3.7bn
http://ge.tt/67CpmPX1/v/0
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Pesa Nane
#4 Posted : Tuesday, April 21, 2015 11:09:03 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
PUBLIC NOTICE: Re-Classification of GEMS
Pesa Nane plans to be shilingi when he grows up.
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muganda
#5 Posted : Wednesday, April 22, 2015 9:54:19 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Pesa Nane wrote:
PUBLIC NOTICE: Re-Classification of GEMS


Who's fooling who... Is this a case of 'a rose by any other name would smell as sweet' or a skunk by any other name would reek as foul?
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