Now we may skip and hope that the stock wil return to its original good health state of 20s to 30s. How quick can it prosper?
It has its Yana brand and others been battered by cheap wheels that enter East African market via Egypt on Comesa grounds. Egypt has been an entry port as well as a dumping ground due to the Suez canal. The reek then spreads to the sub-saharan Africa. Other goods that enter African market via Egypt are cosmestics, ceramics and sanitary materials, confectionaries, and crockery which seem harvested from the East and re-exported to Comesa region with filmy duty.

The Kenyan Govt was unable to impose heavier duties on imported tyres entering comesa market from Egypt and Sudan. Sameer was and has been claiming the imbalance and it should now be allowed to go fish for its own at a lower cost in the shallow waters of Asia where Egyptians are trawling.
Ofcourse Kenya should be the best friend of the new superpower. 90% of what kenyans use comes from Asia from school bags, handkerchiefs to all electronics.
The wheels will give Sameer the advantage of lower labour cost and material cost. Instead of shipping materials why not ship finished goods? Everyone is now importing!!!

Profit warning in today's Sunday Nation...HY i.e

Let the dumping begin!

Where is @Realtreaty to defend @merali!

....and where is the link apart from photocopy from i wonder where on a none- trading day (sunday Nation) I would love to see it on Business Daily and a copy on NSE.
But Profit warning does not even appear on SameerAfrica website!!
Is this a leaked document?
Or Icecube want to chip in at lower price?
Is the idea meant to lower theis stock price so that Sameer can create more shres for the partner?
I will cross the river when I rech there.

What is wrong with merali telling you that this year he did not sell land as he did last year? They were just doing what is required of them: declare a profit warning. I think nothing has changed fundamentally, going back to the previous pace of performance, if you believe in you can join.

But their website is too optimistic outlining quite a diversified business ventures, I expected them to be bringing in much more revenues than they have been doing. But sub 5 might tempt me to start entry.
But for their tyre business, it seems the market will always be there especially with cheaper brands. You can see Kingsway Tyres ltd plans to invest Sh50 million in a retread production line.

1) Don't assume a profitable business sporting "Sameer" is part of "Sameer Africa"
2) Merali always looks out for #1. #1 = Merali
3) Instead of letting a strategic investor buy into Sameer Africa using NEW money [issue of new shares at fair price] what Merali did was buy out Bridgestone's shares & then he will re-sell them to the "Strategic Investor" ... So Sameer Investments [or whatever proxy he uses] gets the profit while the firm Sameer Africa remains starved of capital.
4) Sale of land along Mombasa Road. That is Sameer Africa's major asset but it is being sold if not taken over by Merali's firms in JV deals.

Ok, well said, Chief. They tried to upload a bit of information on their 'investor' section. Exactly which are the businesses that constitute what I am tempted to buy through NSE?