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HomeAfrika 1H 2014 earnings down 58%
VituVingiSana
#1 Posted : Thursday, August 28, 2014 2:08:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
1H 2014. EPS of 8 cents. Enjoy.
If it makes 12 cents in 2H = 20 cents.
PER of 25x
I have not calculated NAV but the results do incorporate Fair Value changes.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
muganda
#2 Posted : Thursday, August 28, 2014 3:13:21 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Revenues up 13%
Cost of sales up (100%)
Admin costs up (88%)
Selling & distribution (42%)
Even fair value gains on investment property down

YET the board ard management are very positive about the Real Estate industry going forward - Oh my!

HY EPS now 0.08 or at this trend a P/E of 62.5; right up there with Facebook 30-Jun P/E of 73.

Link http://t.co/N52MqipABU


mkeiy
#3 Posted : Thursday, August 28, 2014 3:59:33 PM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
muganda wrote:
Revenues up 13%
Cost of sales up (100%)
Admin costs up (88%)
Selling & distribution (42%)
Even fair value gains on investment property down

YET the board ard management are very positive about the Real Estate industry going forward - Oh my!

HY EPS now 0.08 or at this trend a P/E of 62.5; right up there with Facebook 30-Jun P/E of 73.

Link http://t.co/N52MqipABU




They better hurry up before ISIS gets to our borders and start beheading us.
murchr
#4 Posted : Thursday, August 28, 2014 4:38:53 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Disaster, lets see those who have the heart to hold on
"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
.
S.Mutaga III
#5 Posted : Thursday, August 28, 2014 5:59:16 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
I have never understood why people bought, and still buy this counter. Very sad that some wazuans still bought or hold this counter. What exactly do you hope to make from a company making 8 cents a share and trading north of Ksh 5 a share really? I would never touch it until it has a single digit p/e and a good growth in earnings. There is only one way for this counter....south...in my opinion, I would value it at Ksh 1 or Ksh 2.0 at most.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
The optimist
#6 Posted : Thursday, August 28, 2014 8:42:27 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
VituVingiSana wrote:
1H 2014. EPS of 8 cents. Enjoy.
If it makes 12 cents in 2H = 20 cents.
PER of 25x
I have not calculated NAV but the results do incorporate Fair Value changes.

Is it 58% or 72%?
The company posted a 72 percent drop in net profit to Sh42 million in the half year to June down from Sh155 million
uchumi
#7 Posted : Thursday, August 28, 2014 8:48:54 PM
Rank: Member

Joined: 9/16/2006
Posts: 234
how comes we did not have profit warning
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
Cde Monomotapa
#8 Posted : Thursday, August 28, 2014 9:04:03 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Why we need to integrate these stocks exchanges.

In Zim, ZSE there is a choice of 4 pure-play property stocks. Portfolios including commercial, hospitality, industrial, residential, office parks, land banks etc

Pearl Properties http://www.pearlproperties.co.zw/

Mashonaland Holdings http://www.masholdings.co.zw/CoProfile.htm

Zimre Property Investment http://www.zimreproperties.co.zw/

Dawn Properties www.dawnproperties.co.zw

FYI.
dunkang
#9 Posted : Thursday, August 28, 2014 9:10:12 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
uchumi wrote:
how comes we did not have profit warning

Why did you even bother buying a shitty stock in the first place?

Half Year announcements are INTERIM, hence no need for warnings, advices e.t.c e.t.c.
Receive with simplicity everything that happens to you.” ― Rashi

Fomoney
#10 Posted : Friday, August 29, 2014 5:09:34 AM
Rank: Member

Joined: 7/9/2006
Posts: 79
uchumi wrote:
how comes we did not have profit warning


There's the warning, better sell when it's still 5Pray . Don't see any price movement upwards anytime soon. Those that want to play this can be sure to get back in at lower prices.
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