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Bamburi PBT FY 2014 results up 6%
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Aguytrying
#21 Posted : Sunday, March 08, 2015 6:10:25 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
[quote=Boris Boyka][quote=Pesa Nane][quote=Boris Boyka]
Reccomendation? or they didn't have.[/quote]

BAMBURI Vs ARM source D&B
EPS.......... Ksh. 9.80 Vs 2.72 :-)
PER.......... 16.33 Vs 30.88 :-)
PBV.......... 2.17 Vs 5.12 :-)
DPS.......... Ksh. 12.00 Vs 0.60 :-)
Div. Yield.. 7.5% Vs 0.71% :-)

Recommendation: :-) :-) =p~ =p~ [/quote]
:-d :-) =p~ =d> [/quote]

ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down
The investor's chief problem - and even his worst enemy - is likely to be himself
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sparkly
#22 Posted : Sunday, March 08, 2015 7:00:39 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[quote=Aguytrying][quote=Boris Boyka][quote=Pesa Nane][quote=Boris Boyka]
Reccomendation? or they didn't have.[/quote]

BAMBURI Vs ARM source D&B
EPS.......... Ksh. 9.80 Vs 2.72 :-)
PER.......... 16.33 Vs 30.88 :-)
PBV.......... 2.17 Vs 5.12 :-)
DPS.......... Ksh. 12.00 Vs 0.60 :-)
Div. Yield.. 7.5% Vs 0.71% :-)

Recommendation: :-) :-) =p~ =p~ [/quote]
:-d :-) =p~ =d> [/quote]

ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down [/quote]

Additional crushing capacity expected from TZ plus new clinker plant.
Life is short. Live passionately.
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VituVingiSana
#23 Posted : Monday, March 09, 2015 10:36:32 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,410
Location: Nairobi
What is ARM's Debt:Equity Ratio? That is what worries me.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gatheuzi
#24 Posted : Monday, March 09, 2015 10:44:12 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
[quote=VituVingiSana]What is ARM's Debt:Equity Ratio? That is what worries me.[/quote]
8.1b in equity vs 12bn borrowings. So the ratio is 148% as at 31st Dec 13.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Gatheuzi
#25 Posted : Monday, March 09, 2015 11:00:01 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
[quote=Gatheuzi][quote=VituVingiSana]What is ARM's Debt:Equity Ratio? That is what worries me.[/quote]
8.1b in equity vs 12bn borrowings. So the ratio is 148% as at 31st Dec 13.[/quote]
Bank loans form about half of the borrowings with a rate of about 13% p.a (KES6.5B). There is an income note from Aureos for KES1.7b (BTW Turner of Actis is a Non-Executive Director in the Board) and there is about KES1.7B worth of Equity linked notes - with a rate of 12% but could be 13.2% depending on performance of the share price in the exchange. Remaining chunk is from bank overdrafts.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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  | | Edit by user: Monday, March 09, 2015 7:48 PM | Reason: Not specified
Aguytrying
#26 Posted : Monday, March 09, 2015 5:13:45 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
[quote=sparkly][quote=Aguytrying][quote=Boris Boyka][quote=Pesa Nane][quote=Boris Boyka]
Reccomendation? or they didn't have.[/quote]

BAMBURI Vs ARM source D&B
EPS.......... Ksh. 9.80 Vs 2.72 :-)
PER.......... 16.33 Vs 30.88 :-)
PBV.......... 2.17 Vs 5.12 :-)
DPS.......... Ksh. 12.00 Vs 0.60 :-)
Div. Yield.. 7.5% Vs 0.71% :-)

Recommendation: :-) :-) =p~ =p~ [/quote]
:-d :-) =p~ =d> [/quote]

ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down [/quote]

Additional crushing capacity expected from TZ plus new clinker plant.[/quote]

With Those ARM valuations you'd think they won a contract to supply cement to build the moon!
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#27 Posted : Monday, March 09, 2015 5:54:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,410
Location: Nairobi
[quote=Gatheuzi][quote=Gatheuzi][quote=VituVingiSana]What is ARM's Debt:Equity Ratio? That is what worries me.[/quote]
8.1b in equity vs 12bn borrowings. So the ratio is 148% as at 31st Dec 13.[/quote]
Bank loans form about half of the borrowings with a rate of about 13% p.a ($6.5B). There is an income note from Aureos for $1.7b (BTW Turner of Actis is a Non-Executive Director in the Board) and there is about $1.7B worth of Equity linked notes - with a rate of 12% but could be 13.2% depending on performance of the share price in the exchange. Remaining chunk is from bank overdrafts.[/quote]
At 13% it is not too shabby. And if part of the loan is convertible then it helps too. I assume you mean KES & not $. I thought the Debt:Equity was much higher so ARM isn't doing too bad.

For me those valuations (current price) have baked in the 'future goodies' so not for me. As a company (& for current shareholders who have been in it for years) it has done very, very well.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, March 09, 2015 5:56 PM | Reason: Not specified
Aguytrying
#28 Posted : Monday, March 09, 2015 6:31:56 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@VVS. well said. we may get a chance one day.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Angelica _ann
#29 Posted : Monday, March 09, 2015 6:50:41 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,941
[quote=Aguytrying][quote=sparkly][quote=Aguytrying][quote=Boris Boyka][quote=Pesa Nane][quote=Boris Boyka]
Reccomendation? or they didn't have.[/quote]

BAMBURI Vs ARM source D&B
EPS.......... Ksh. 9.80 Vs 2.72 :-)
PER.......... 16.33 Vs 30.88 :-)
PBV.......... 2.17 Vs 5.12 :-)
DPS.......... Ksh. 12.00 Vs 0.60 :-)
Div. Yield.. 7.5% Vs 0.71% :-)

Recommendation: :-) :-) =p~ =p~ [/quote]
:-d :-) =p~ =d> [/quote]

ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down [/quote]

Additional crushing capacity expected from TZ plus new clinker plant.[/quote]

With Those ARM valuations you'd think they won a contract to supply cement to build the moon![/quote]
I have never understood how ARM moved from 29bob past Bamburi to split to current levels. Anyway that valuation is crazy.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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lochaz-index
#30 Posted : Monday, March 09, 2015 7:25:35 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
[quote=Angelica _ann][quote=Aguytrying][quote=sparkly][quote=Aguytrying][quote=Boris Boyka][quote=Pesa Nane][quote=Boris Boyka]
Reccomendation? or they didn't have.[/quote]

BAMBURI Vs ARM source D&B
EPS.......... Ksh. 9.80 Vs 2.72 :-)
PER.......... 16.33 Vs 30.88 :-)
PBV.......... 2.17 Vs 5.12 :-)
DPS.......... Ksh. 12.00 Vs 0.60 :-)
Div. Yield.. 7.5% Vs 0.71% :-)

Recommendation: :-) :-) =p~ =p~ [/quote]
:-d :-) =p~ =d> [/quote]

ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down [/quote]

Additional crushing capacity expected from TZ plus new clinker plant.[/quote]

With Those ARM valuations you'd think they won a contract to supply cement to build the moon![/quote]
I have never understood how ARM moved from 29bob past Bamburi to split to current levels. Anyway that valuation is crazy.[/quote]

Apparently ARM have 100yrs and 200yrs limestone mines reserves in kenya and tanzania which must have been factored in the current price however that advantage should be translated to its bottom line to justify its price.
The main purpose of the stock market is to make fools of as many people as possible.
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