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Limuru Tea HY15 Earnings down 52%
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Volume of tea sold Y-o-Y? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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What makes this thing trade at so high price with this kind of earnings per share or its the value of the land they own? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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mlennyma wrote:What makes this thing trade at so high price with this kind of earnings per share or its the value of the land they own? Land. Limuru is practically part of Nairobi with better/cooler weather and much greener. If Waiyaki Way is expanded [think Thika Highway] further then it becomes very easy to get to/from CBD. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:Volume of tea sold Y-o-Y? Quote:Performance:
In the 1st half of 2015, the company produced 1,379 Tonnes of green leaf which in turn was manufactured into 321 Tonnes of Black Tea. This was a 15% decrease in Made Tea Volumes compared to 1st half of 2014.
Total revenues decreased by 12% to Kes 42Mn due to the depressed volumes as a result of drier weather conditions.
Prospect: "If this price trend persists and the weather conditions keep improving, we expect the revenues in the second half to improve.." Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 8/16/2011 Posts: 2,304
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The Limuru Tea Company Limited is a Kenyan company that is listed on the Nairobi Stock Exchange and engages in the growing of green leaf tea. The Company owns 275 hectares of tea land situated four kilometers to the east of Limuru Town.
The Limuru Tea Company Limited is an outgrower to Unilever Tea Kenya Limited. Unilever Tea Kenya holds 52% of the issued share capital of Limuru Tea and acts as the company's managing agent in the growing, manufacturing, sales and marketing of its teas
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Pesa Nane wrote:VituVingiSana wrote:Volume of tea sold Y-o-Y? Quote:Performance:
In the 1st half of 2015, the company produced 1,379 Tonnes of green leaf which in turn was manufactured into 321 Tonnes of Black Tea. This was a 15% decrease in Made Tea Volumes compared to 1st half of 2014.
Total revenues decreased by 12% to Kes 42Mn due to the depressed volumes as a result of drier weather conditions.
Prospect: "If this price trend persists and the weather conditions keep improving, we expect the revenues in the second half to improve.." Thanks. That 2H outlook may apply to Williamson & Kapchorua too!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/15/2009 Posts: 360
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321 tonnes of black tea @ 3 dollars a kg should give a turnover of 96million, what I'm I not getting?
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Limuru Tea HY15 Earnings down 52%
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