Wazua
»
Investor
»
Stocks
»
Nation Media Group HY15 PAT flat @ 1Bn
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
 Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Div: Ksh. 2.50 Per Share Payable 30 September 2015 Register close: 18 September 2015 Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Quote:.Group performance adversely affected by a general disruption (read board idiocy) as the industry transitioned from analogue to digital signal distribution.
.Group turnover decreased by 5.2% BUT improved performance of regional subsidiaries partially mitigated the revenue shortfall
.Results include a charge of KES 92.2 million in respect of accelerated depreciation of the existing printing press.
.The new press project is progressing well and the plant is due to be commissioned on schedule before the end of the year
.Board cautiously optimistic of achieving improved results over the second half of the year. Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
June 2014 results were restated from prior EPS of 6.03, which was flat from June 2013's EPS of 6.02. So is it really flat this time?
Credit to board for overhauling CEO, but the protracted battle was an error in judgement. Industry has been disrupted by technology.
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
muganda wrote:June 2014 results were restated from prior EPS of 6.03, which was flat from June 2013's EPS of 6.02. So is it really flat this time?
Credit to board for overhauling CEO, but the protracted battle was an error in judgement. Industry has been disrupted by technology.
Hold your breathe, these are interim results. They may be britamed any time Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Pesa Nane wrote:Quote:.Group performance adversely affected by a general disruption (read board idiocy) as the industry transitioned from analogue to digital signal distribution.
.Group turnover decreased by 5.2% BUT improved performance of regional subsidiaries partially mitigated the revenue shortfall
.Results include a charge of KES 92.2 million in respect of accelerated depreciation of the existing printing press.
.The new press project is progressing well and the plant is due to be commissioned on schedule before the end of the year
.Board cautiously optimistic of achieving improved results over the second half of the year. Change is inequitable. Muganda has ground to cover his orientation is now over. **A business paper like business daily should have covered GES in length with youtube videos of the coverage, I guess they still dont know that youtube is an income generator.** "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
.
|
|
|
Rank: User Joined: 1/20/2014 Posts: 3,528
|
muganda wrote:June 2014 results were restated from prior EPS of 6.03, which was flat from June 2013's EPS of 6.02. So is it really flat this time?
Credit to board for overhauling CEO, but the protracted battle was an error in judgement. Industry has been disrupted by technology.
murchr wrote:Pesa Nane wrote:Quote:.Group performance adversely affected by a general disruption (read board idiocy) as the industry transitioned from analogue to digital signal distribution.
.Group turnover decreased by 5.2% BUT improved performance of regional subsidiaries partially mitigated the revenue shortfall
.Results include a charge of KES 92.2 million in respect of accelerated depreciation of the existing printing press.
.The new press project is progressing well and the plant is due to be commissioned on schedule before the end of the year
.Board cautiously optimistic of achieving improved results over the second half of the year. Change is inequitable. Muganda has ground to cover his orientation is now over. **A business paper like business daily should have covered GES in length with youtube videos of the coverage, I guess they still dont know that youtube is an income generator.** Which Muganda???? Why is Muganda defending Muganda  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Othelo wrote:muganda wrote:June 2014 results were restated from prior EPS of 6.03, which was flat from June 2013's EPS of 6.02. So is it really flat this time?
Credit to board for overhauling CEO, but the protracted battle was an error in judgement. Industry has been disrupted by technology.
murchr wrote:Pesa Nane wrote:Quote:.Group performance adversely affected by a general disruption (read board idiocy) as the industry transitioned from analogue to digital signal distribution.
.Group turnover decreased by 5.2% BUT improved performance of regional subsidiaries partially mitigated the revenue shortfall
.Results include a charge of KES 92.2 million in respect of accelerated depreciation of the existing printing press.
.The new press project is progressing well and the plant is due to be commissioned on schedule before the end of the year
.Board cautiously optimistic of achieving improved results over the second half of the year. Change is inequitable. Muganda has ground to cover his orientation is now over. **A business paper like business daily should have covered GES in length with youtube videos of the coverage, I guess they still dont know that youtube is an income generator.** Which Muganda???? Why is Muganda defending Muganda Could be him "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
.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Pesa Nane wrote:muganda wrote:June 2014 results were restated from prior EPS of 6.03, which was flat from June 2013's EPS of 6.02. So is it really flat this time?
Credit to board for overhauling CEO, but the protracted battle was an error in judgement. Industry has been disrupted by technology.
Hold your breathe, these are interim results. They may be britamed any time Thus the price nosedive to date!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
D&B Commentary:Quote:Our View
Competition has opened up new TV stations which
presents a hurdle for broadcast revenue.
The launch of free daily newspapers by competition is set
to continue narrowing Nation Media’s circulation revenue.
The diversification of business lines into digital platforms
will aid in offsetting the slow growth in circulation
revenue, majorly from the youthful populace. Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
After listening to the investor briefing, I clearly believe the chairman is still on denial as to where the industry is heading. He starts by telling shareholders that how researchers thot the business will go down then comes back to tell us that indeed that has not been the case in the developing world tho the it has happened in the developed world. Then he goes on to tell the audience about his 20 yr old grandson who is on internship at NMG - apparently doesn't look at the newspapers nor watch news on teli....I would think that would tell him something about the upcoming market (young adults)...but.... If they keep publishing newspapers as they are today, they will sink real deep... "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
.
|
|
|
Rank: User Joined: 1/20/2014 Posts: 3,528
|
Kiboro having been CEO of this company in the analogue era is the wrong chairman in this digital era. He curtails free thinking!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
|
www.businessdailyafrica..../-/13jxoc0z/-/index.html Fertilizer plant at 123B.. No way. Thats not possible, even a car factory cant cost that much!
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
obiero wrote:www.businessdailyafrica.com/Toyota-kicks-off-Sh123bn-Eldoret-factory/-/539546/2857566/-/13jxoc0z/-/index.html Fertilizer plant at 123B.. No way. Thats not possible, even a car factory cant cost that much! Maybe its JAP YEN  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
|
Boris Boyka wrote:obiero wrote:www.businessdailyafrica.com/Toyota-kicks-off-Sh123bn-Eldoret-factory/-/539546/2857566/-/13jxoc0z/-/index.html Fertilizer plant at 123B.. No way. Thats not possible, even a car factory cant cost that much! Maybe its JAP YEN Ai. The YEN is stronger than KES. Ni hii tabia mbaya ya Business Daily, misreporting
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
|
obiero wrote:www.businessdailyafrica.com/Toyota-kicks-off-Sh123bn-Eldoret-factory/-/539546/2857566/-/13jxoc0z/-/index.html Fertilizer plant at 123B.. No way. Thats not possible, even a car factory cant cost that much! Perhaps a jua kali car factory. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: New-farer Joined: 5/22/2014 Posts: 78
|
Dear Wazuans.
All your opinions above on Nation Media Group observed; anybody with some insight as to what is happening to NMG please share...
Even the lowest NSE point of Aug 02-03 did not touch this share, now it's at a 52-week low.
Dividend books closed 18th Sept, I guess trading Ex-Dividend has added to the drop
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
mugo2of3 wrote:Dear Wazuans.
All your opinions above on Nation Media Group observed; anybody with some insight as to what is happening to NMG please share...
Even the lowest NSE point of Aug 02-03 did not touch this share, now it's at a 52-week low.
Dividend books closed 18th Sept, I guess trading Ex-Dividend has added to the drop Pole, sadly the biz leaders always stay toooo long: they come, rejig, advance, and regress. And time with its upheavals, doesn't always respect industrial doyens of old  
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
mugo2of3 wrote:Dear Wazuans.
All your opinions above on Nation Media Group observed; anybody with some insight as to what is happening to NMG please share...
Even the lowest NSE point of Aug 02-03 did not touch this share, now it's at a 52-week low.
Dividend books closed 18th Sept, I guess trading Ex-Dividend has added to the drop Flat profits and bleak future if the company refuses to evolve quickly enough. On PE basis, still over valued at 15. This could be a nice time time to get these shares when no one wants them. This company will evolve and thrive even if it takes a while The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Member Joined: 8/17/2007 Posts: 294
|
Aguytrying wrote:mugo2of3 wrote:Dear Wazuans.
All your opinions above on Nation Media Group observed; anybody with some insight as to what is happening to NMG please share...
Even the lowest NSE point of Aug 02-03 did not touch this share, now it's at a 52-week low.
Dividend books closed 18th Sept, I guess trading Ex-Dividend has added to the drop Flat profits and bleak future if the company refuses to evolve quickly enough. On PE basis, still over valued at 15. This could be a nice time time to get these shares when no one wants them. This company will evolve and thrive even if it takes a while 1. Uncertainty surrounding future TV earnings due to digital migration that has seen increase in number of FTA TV stations in Kenya from 6 to 81. 2. a lot of viewers in Kenya and Tanzania have more choice from GoTv, Startimes meaning surveys show that viewers spend less time watching their TV stations 2. Uncertainty of future earnings from newspapers due to advent of social media and changing demographics. the youth do not buy newspapers 3. Spiral costs to maintain NTV 4. Ban of East African in Tanzania 5. Nation FM has not picked up despite huge investment 6. Depreciation costs relating to Analogue transmission equipment and old equipment now tht they are building a new plant. 7. The share was one of the most overvalued on the exchange and the only reason it got to 300 was investors anticipated an impending share split #I see it hitting sub 100 then investors will notice its high dividend payout my 2 cents worth...
|
|
|
Wazua
»
Investor
»
Stocks
»
Nation Media Group HY15 PAT flat @ 1Bn
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|