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8.5% dividend yield in NSE bull market, can you believe it?
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Mastermind
#11 Posted : Thursday, September 04, 2014 10:56:35 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Book closure tomorrow. 52wk range 162-220, todays range 163-165. Can it go lower than 162? Time will tell.
@Pesanane on energy cost theres hope if www.businessdailyafrica....0/-/4y2bp9z/-/index.html goes thru
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Aguytrying
#12 Posted : Friday, September 05, 2014 5:49:08 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Mastermind wrote:
Book closure tomorrow. 52wk range 162-220, todays range 163-165. Can it go lower than 162? Time will tell.
@Pesanane on energy cost theres hope if www.businessdailyafrica....0/-/4y2bp9z/-/index.html goes thru


2.8b is a lot of money for a feasibility study? its almost as much as profit after tax. is this company wasting too much money and dishing out too much dividend?? what's the angle
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ericsson
#13 Posted : Friday, September 05, 2014 8:14:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Bamburi is giving out huge dividends because the majority owner Lafarge wants to reap as much as possible before things become thick for the company.
Competition is really hitting them left,right and center from the other cement producers upgrading their capacities and grabbing market share.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#14 Posted : Friday, September 05, 2014 10:20:20 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Aguytrying wrote:
Mastermind wrote:
Book closure tomorrow. 52wk range 162-220, todays range 163-165. Can it go lower than 162? Time will tell.
@Pesanane on energy cost theres hope if www.businessdailyafrica....0/-/4y2bp9z/-/index.html goes thru


2.8b is a lot of money for a feasibility study? its almost as much as profit after tax. is this company wasting too much money and dishing out too much dividend?? what's the angle

Kwani? Kusoma ni kazi? They are not fools. The 2.8bn includes the feasibility study AND a waste management system upgrade e.g lorries, loaders, management system and Abu's consultancy fee.

"The deal will see Bamburi, its anchor shareholder Lafarge and the French government invest Sh2.8 billion in funding a feasibility study and providing expertise and equipment to help boost the county’s waste management capacity."

And the French gov't is providing some of the funds. Possibly even LaFarge will do so directly. The Power Plant Project can become a subsidiary of Bamburi with other shareholders e.g. PROPARCO & LaFarge.
The main contribution of Bamburi is the KES 2bn in (unusable) land in addition to the KES 2.8bn & the capacity to absorb the waste. Bamburi already burns used tyres for fuel and the power plant is next to Haller Park. It is hard to re-use an abandoned mine but mark it up to 2bn and use it as the equity contribution for the Waste Power Plant. Smart!

The huge challenge will be to tackle pollution since the Bamburi area has become increasingly a residential/commercial area vs the former industrial/agricultural area.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#15 Posted : Friday, September 05, 2014 11:00:57 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@VVS. I'm even embarrassed. or the half baked businessdaily reporting.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#16 Posted : Friday, September 05, 2014 9:18:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@aguy - just had a look at the chart. This one for now is a pig with lipstick. Downside coming. Target 150 then 130.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#17 Posted : Saturday, September 06, 2014 6:15:41 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
@aguy - just had a look at the chart. This one for now is a pig with lipstick. Downside coming. Target 150 then 130.


please post when u have a chance. ever since those high volumes at 175 I knew something was going on. I would be happy to buy more for lower because I believe in the company and its future
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#18 Posted : Saturday, September 06, 2014 6:17:50 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
@aguy - just had a look at the chart. This one for now is a pig with lipstick. Downside coming. Target 150 then 130.


what do u think is the cause? could be the bear be coming in (Knocking the door ) through BAMB
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#19 Posted : Saturday, September 06, 2014 8:54:47 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
hisah wrote:
@aguy - just had a look at the chart. This one for now is a pig with lipstick. Downside coming. Target 150 then 130.


what do u think is the cause? could be the bear be coming in (Knocking the door ) through BAMB

There's a thread I compared BAMB with ARM back in 2012 I think where I suggested ARM is a better play. Can't recall the thread.

BAMB has been a value trap for a while vs ARM since 2012 as its performance has been dismal to say the least. The real estate bull as well as infrastructure boom is not reflecting in BAMB's results. That still remains a red flag on my radar since it means its competitors are biting off market share from it. Throw in property CGT from 2015 and a limping econ and BAMB doesn't look rosy.

Also for ARM sizable support lies @50-60 zone due to that loan to equity conversion by that nigerian bank.

See this discussion (post 3565) on ARM we had with @mwekezaji - http://investor.wazua.co...amp;m=425583#post425583

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kryptonite
#20 Posted : Saturday, September 06, 2014 11:34:28 AM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
VituVingiSana wrote:
Angelica _ann wrote:
Pesa Nane wrote:
Hype is "....Bamburi top club of millionaire counters at bourse"


BD - BAT’s top local shareholders at end of May were Shantilal Patel and Meghji Shah with 119 million shares valued at Sh94 million at current market rate.

??????????????
Wacha ninunue BAT at less than 1/- per share!



Total shares issued for BAT is 100 million, sijui BD wametoa wapi an extra 19 million.
The harder you work, the luckier you get
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