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Sameer Africa FY14 LOSS of Kshs. 69 Million
Pesa Nane
#1 Posted : Thursday, March 26, 2015 8:34:49 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Sad
No Dividend recommended

Full results: http://ge.tt/9U36NyC2/v/0
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Thursday, March 26, 2015 8:42:59 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
AGM 29 May 2015, Sameer Africa premises, Mombasa road.
Pesa Nane plans to be shilingi when he grows up.
edwinmukiri
#3 Posted : Thursday, March 26, 2015 10:43:29 AM
Rank: New-farer


Joined: 8/11/2014
Posts: 72
Location: Nairobi
Buying this share was a bad idea!!!!!
Bulls make money,bears make money and pigs get slaughtered.
mlennyma
#4 Posted : Thursday, March 26, 2015 10:53:00 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
edwinmukiri wrote:
Buying this share was a bad idea!!!!!

that earnings per share erosionSad
"Don't let the fear of losing be greater than the excitement of winning."
Pesa Nane
#5 Posted : Thursday, March 26, 2015 11:00:30 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
edwinmukiri wrote:
Buying this share was a bad idea!!!!!

Quote:

Management outlook 2015:

In 2015, we will continue to focus and invest in additional retail outlets and we will expand the product offering under our new SUMMIT brand. Other strategic thrusts include the following:

* Re-focus on our export markets
* Cost reduction (of course not what greases some peoples companies)
* Unlocking the value of our extensive property portfolio (Rider, but to whose benefit?)
* Continue to lobby the Kenya Government for protection measures to support local manufacturers (why not to increase efficiencies)

The trading environment in 2015 will continue to pose challenges although projected economic growth rates for most East African economies appear facourable. The cost of basic raw material inputs for tyre manufacture are expected to remain depressed, although we may experience continued volatility in local currency exchange rates against major currencies.
The board of directors is cautiously optimistic (haha) that the Group will post improved results in 2015.
Pesa Nane plans to be shilingi when he grows up.
Boris Boyka
#6 Posted : Thursday, March 26, 2015 6:21:57 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
@Aguy where are you? come with the matchette and rungu...i have mine already! Lets fish out @Realtreaty who promised a dvdnd heresmile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Gordon Gekko
#7 Posted : Thursday, March 26, 2015 6:29:30 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Revenue down, opex up, hii nini? Revenue flat opex down ok, revenue down opex flat bad, revenue up opex up ish ish, Revenue up opex down best.
Angelica _ann
#8 Posted : Thursday, March 26, 2015 6:34:27 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Group & Company. Which is which. Conmanship is continuous here, poor Wanjiku!!!
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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