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Longhorn FY 2014 flat EPS gives div 1.20/= plus bonus 3:2
madebe
#1 Posted : Friday, September 26, 2014 10:10:05 AM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
The stock is on steroids? any news?? 18% jump
cnn
#2 Posted : Friday, September 26, 2014 10:31:51 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,621
Final dividend 1.20(interim 0.8)and a bonus of 3 for every 2 held.
littledove
#3 Posted : Friday, September 26, 2014 10:33:46 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 923
Location: sky
Dividend
The Directors recommend the payment of a final dividend of Kshs. 1.20 per share from the results for the year ended 30 June 2014 which amounts to Kshs. 70.2m. An interim dividend of Kshs. 0.80 per share, which amounted to Kshs. 46.8m was paid during the year. The total dividend for the year is therefore Kshs. 2.00 per share which totals to Kshs. 117m. This represents 150% increase compared with the dividend of Kshs. 0.8 per share (total of Kshs. 46.8m) paid in the previous year ended June 2013. Subject to the shareholders’ approval at the 2014 Annual General Meeting, the dividend will be paid on or before 21 February 2015http://www.longhornpublishers.com/docs/Press%20Release.pdf
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
target1360
#4 Posted : Friday, September 26, 2014 10:34:30 AM
Rank: Member


Joined: 5/14/2014
Posts: 289
Location: nairobi
money will be made here
I find satisfaction in owning great business,not trading them
madebe
#5 Posted : Friday, September 26, 2014 11:10:13 AM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
Earnings 94 Million

Dividends 117 Million

what kind of business is this???

anyway, i got my self some after was it mutiga advised???

i will also benfeit from centum 35% shareholding.......
S.Mutaga III
#6 Posted : Friday, September 26, 2014 11:31:16 AM
Rank: Member


Joined: 3/26/2012
Posts: 830
I knew the end year results would not be impressive...but with the deals in Zambia and Malawi...and Rwanda already in the bag...the future is not bleak as I thought
A successful man is not he who gets the best, it is he who makes the best from what he gets.
All@din
#7 Posted : Friday, September 26, 2014 12:40:01 PM
Rank: Hello


Joined: 9/24/2014
Posts: 8
LongHorn whats happening

I had not had any intimation from the brokers, neither seen anything by wazuans on this. a 33% hike in on morning, any insights?
Sargasm : When the urge to make a sarcastic reply is so overwhelming you can only roll your eyes and grunt incoherently
Magnate
#8 Posted : Friday, September 26, 2014 12:59:49 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
The Directors further recommend the approval of a bonus
issue of three shares for every two shares held in the Company
subject to receipt of the requisite shareholders and regulatory
approvals. The bonus shares to be issued will not be eligible for
the final dividend for the year ended 30 June 2014.

The book closure date for bonus calculations will be advised
after obtaining the requisite regulatory approvals
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
All@din
#9 Posted : Friday, September 26, 2014 1:18:50 PM
Rank: Hello


Joined: 9/24/2014
Posts: 8
is a bonus of 3:2 really feasible?
Sargasm : When the urge to make a sarcastic reply is so overwhelming you can only roll your eyes and grunt incoherently
icecube
#10 Posted : Friday, September 26, 2014 1:28:31 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
This Longhorn has confused investors at the NSE?
a_abbass
#11 Posted : Friday, September 26, 2014 1:36:08 PM
Rank: New-farer


Joined: 9/13/2014
Posts: 10
Location: Kenya
Looks like a steal, I'm especially attracted to the high dividend yields and relatively low p/b. I like cash flow position to, the overreaction in price due to bonus seems like a great opportunity to make some money from arbitrage type strategies.
Will be interesting to see what happens once it goes ex-div and ex-bonus.


Pre-bonus
Issued Shares 58,500,000
Profit 95,254,000
EPS 1.63
Equity 434,320,000
BVPS 7.42
Price 15.00
p/b 2.02
DPS 2.00
Div yield 13.33%


Post Bonus
Issued Shares 146,250,000
EPS 0.65
BVPS 2.97
Price (p/b method) 6.00
Price (Div method) 6.00
p/b 2.02
DPS 0.80
Div Yield 13.33%
No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation - Robert Rhea
mlennyma
#12 Posted : Friday, September 26, 2014 1:36:27 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
So the price is supposed to more than double from its normal price before the declaration but afterwards it will be like a share split.
"Don't let the fear of losing be greater than the excitement of winning."
muraggz
#13 Posted : Friday, September 26, 2014 4:13:20 PM
Rank: New-farer


Joined: 3/29/2012
Posts: 12
Over 40% jump in the value of this share!! i await only to see the activity after the weekend smile some people will be borrowing heavily to invest here Laughing out loudly Laughing out loudly
kasibitta
#14 Posted : Monday, September 29, 2014 8:56:38 AM
Rank: Member


Joined: 2/7/2014
Posts: 155
http://www.businessdaily.../-/t91ww3z/-/index.html


the big moneys are exiting while wanjikus are getting in...
Goldilocks Reloaded
#15 Posted : Monday, September 29, 2014 10:20:52 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
What is the long term outlook of this business of publishing. Everyone is going digital & online nowadays. Is this part of LKL's strategic growth plan? Anyone knows? Personally I have a negative outlook on publishing in the middle to long term. One has to be really innovative to survive.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
littledove
#16 Posted : Monday, September 29, 2014 10:25:04 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 923
Location: sky
material announcement continues even today? or why is the price more than 10%
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
VituVingiSana
#17 Posted : Monday, September 29, 2014 10:56:14 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
Goldilocks Reloaded wrote:
What is the long term outlook of this business of publishing. Everyone is going digital & online nowadays. Is this part of LKL's strategic growth plan? Anyone knows? Personally I have a negative outlook on publishing in the middle to long term. One has to be really innovative to survive.
Do not confuse 'publishing' with 'access' ... Even what you access online (vs a hard/print copy) is published.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Mucene
#18 Posted : Wednesday, October 01, 2014 12:07:54 PM
Rank: Member


Joined: 8/4/2012
Posts: 155
Location: Kenya
Seeing a trade with a 11.76% gain, any announcement?
If you don't want to go to plan B have a good plan A.
littledove
#19 Posted : Wednesday, October 01, 2014 12:21:23 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 923
Location: sky
Mucene wrote:
Seeing a trade with a 11.76% gain, any announcement?

This the third day the price is rising above 10%!
was the announcement very very long or why are they getting two extra days?
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
kimanijohnson
#20 Posted : Wednesday, October 01, 2014 1:55:48 PM
Rank: New-farer


Joined: 9/21/2014
Posts: 12
Location: nairobi
announcement very long?maybe it was 'very strong".
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