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Kenya's BOC Gases pretax falls 21 pct in 2009
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muganda
#1 Posted : Friday, February 19, 2010 1:52:31 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
NAIROBI (Reuters) - Kenya's industrial gas supplier BOC Gases posted a 21 percent fall in pretax profit to 232 million shillings on Friday and blamed costs and sluggish demand.

http://af.reuters.com/ar...s/idAFJOE61I0BU20100219


Surprised didn't know it's a subsidiary of a multinational. It seems almost all companies worth anything in the NSE are subsidiaries of foreign companies.
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guru267
#2 Posted : Friday, February 19, 2010 2:29:26 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@muganda these results are exactly the same as the half year so this is in line with what i had expected... i hope no one was expecting any miracles and bought heavily into this counter..

its crazy P/E of 20+ just got even crazier.. i'm expecting a serious fall in share price come monday unless there is an exceptional dividend..
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#3 Posted : Friday, February 19, 2010 6:36:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
BOC Gases profits down... Carbacid profit up...

Carbacid Gases are happy to be off BOC's menu...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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