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Eveready East Africa rumour!
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murchr
#61 Posted : Tuesday, September 30, 2014 2:16:24 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Remember you only make money when you sell
"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
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littledove
#62 Posted : Tuesday, September 30, 2014 2:18:16 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Angelica _ann wrote:
Jaina wrote:
Monkey business it is. 62% gain in a day on news of closure of factory. This defies any professor's theories

Positive outlook on news on joining the property bandwagon!

when is kenya power joining property bandwagon, somebody should advice them to announce something or go spices like korch, we need a rally in that corner
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
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Jaina
#63 Posted : Tuesday, September 30, 2014 2:34:49 PM
Rank: Member

Joined: 5/13/2008
Posts: 558
biddii wrote:
I think the price rise is understandable. The company has got rid of the factory which if you look at there last set of accounts was costing the approx 250m to run as operating expenses. They will still distribute batteries which they are getting from Egypt. Therefore I don't see much change in the turnover or the cost of sales. You could feasibly see the EPS going up to Kshs 1/- as there are only 210m issued shares.

Furthermore, the real estate project will actual realize the cost of the land asset and that should help the companies NAV.

In the short term there will be the cost of staff retrenchment but there could be a favourable story in the coming years if managed correctly.


Distribute Batteries?. How often does an average Kenyan buy batteries?.

Its like buying Kodak shares
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sparkly
#64 Posted : Tuesday, September 30, 2014 2:45:04 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
biddii wrote:
I think the price rise is understandable. The company has got rid of the factory which if you look at there last set of accounts was costing the approx 250m to run as operating expenses. They will still distribute batteries which they are getting from Egypt. Therefore I don't see much change in the turnover or the cost of sales. You could feasibly see the EPS going up to Kshs 1/- as there are only 210m issued shares.

Furthermore, the real estate project will actual realize the cost of the land asset and that should help the companies NAV.

In the short term there will be the cost of staff retrenchment but there could be a favourable story in the coming years if managed correctly.


Keep away my friend. This is what a corporate death looks like. The next step is delisting from the NSE.
Life is short. Live passionately.
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VituVingiSana
#65 Posted : Tuesday, September 30, 2014 3:07:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Code:
Quote:
Realtreaty wrote:
Kihara joni wrote:
Still buying Mumias this craziness might move over to it, first it was NSE now paka next?

KK will be next and then Sameer.
I foresee a time KK will in a week time trace its way to 21Kes very soon.
Sameer is on the cards and Merali will pray his Diamond ACE card before November.
At least KK has a legit business that has growth potential both in terms of sales of petroleum products and a lot of valuable real estate. Sameer is being stripped of (valuable) real estate by Merali.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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biddii
#66 Posted : Tuesday, September 30, 2014 3:38:04 PM
Rank: New-farer

Joined: 9/25/2014
Posts: 27
sparkly wrote:
biddii wrote:
I think the price rise is understandable. The company has got rid of the factory which if you look at there last set of accounts was costing the approx 250m to run as operating expenses. They will still distribute batteries which they are getting from Egypt. Therefore I don't see much change in the turnover or the cost of sales. You could feasibly see the EPS going up to Kshs 1/- as there are only 210m issued shares.

Furthermore, the real estate project will actual realize the cost of the land asset and that should help the companies NAV.

In the short term there will be the cost of staff retrenchment but there could be a favourable story in the coming years if managed correctly.


Keep away my friend. This is what a corporate death looks like. The next step is delisting from the NSE.



@sparkly.

Got in last week at levels of 2.7 and 2.8. Will monitor movements closely and see how this plays out.
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Mucene
#67 Posted : Tuesday, September 30, 2014 3:41:36 PM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
littledove wrote:
Angelica _ann wrote:
Jaina wrote:
Monkey business it is. 62% gain in a day on news of closure of factory. This defies any professor's theories

Positive outlook on news on joining the property bandwagon!

when is kenya power joining property bandwagon, somebody should advice them to announce something or go spices like korch, we need a rally in that corner

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
If you don't want to go to plan B have a good plan A.
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Gordon Gekko
#68 Posted : Tuesday, September 30, 2014 5:00:39 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Jaina wrote:
Monkey business it is. 62% gain in a day on news of closure of factory. This defies any professor's theories

Management accounting. Open/close decisions, eliminate fixed costs. Fixed costs here are salaries, electricity which are eliminated by closing. The fixed costs associated with other lines can support themselves.
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mawinder
#69 Posted : Tuesday, September 30, 2014 5:24:29 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Mucene wrote:
littledove wrote:
Angelica _ann wrote:
Jaina wrote:
Monkey business it is. 62% gain in a day on news of closure of factory. This defies any professor's theories

Positive outlook on news on joining the property bandwagon!

when is kenya power joining property bandwagon, somebody should advice them to announce something or go spices like korch, we need a rally in that corner

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Yes, these NSE companies should just make announcements.I no longer care about NAV,ratios etc.To me it is which company is expected to announce something.
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jerry
#70 Posted : Tuesday, September 30, 2014 5:47:23 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Gordon Gekko wrote:
Jaina wrote:
Monkey business it is. 62% gain in a day on news of closure of factory. This defies any professor's theories

Management accounting. Open/close decisions, eliminate fixed costs. Fixed costs here are salaries, electricity which are eliminated by closing. The fixed costs associated with other lines can support themselves.

Addition: The mgt can re-engineer the business.

@bidii, "...got in last week ..." Are you an insider?
The opposite of courage is not cowardice, it's conformity.
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