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Unga FY 2015 results profit up 31%
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muganda
#1 Posted : Thursday, October 01, 2015 10:40:11 AM
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Joined: 9/15/2006
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The numbers are finally in. Turnover grew 10% while operating profit up 40%. As you'd expect, forex losses up 10X.

All leading to a 31% growth in profit. Note though, excluding discontinued operations, we have a 23% growth in earnings.
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heri
#2 Posted : Thursday, October 01, 2015 10:50:00 AM
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Thanks. How much are they paying in dividends?
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heri
#3 Posted : Thursday, October 01, 2015 10:57:06 AM
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Thanks. How much are they paying in dividends?
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Kastone
#4 Posted : Thursday, October 01, 2015 11:21:29 AM
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Joined: 3/1/2014
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heri wrote:
Thanks. How much are they paying in dividends?

Final dividend Ksh.1
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Kastone
#5 Posted : Thursday, October 01, 2015 11:24:26 AM
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heri wrote:
Thanks. How much are they paying in dividends?

Final dividend Ksh.1
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Cornelius Vanderbilt
#6 Posted : Thursday, October 01, 2015 11:38:53 AM
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Joined: 8/15/2015
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Cornelius Vanderbilt wrote:
Interesting move on the charts in the runup to results.can we bank on it results will be good?look at the area circled black.pardon the poor picture quality




CHARTS NEVER LIE

http://wazua.co.ke/forum.aspx?g=posts&m=686097#post686097
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mlennyma
#7 Posted : Thursday, October 01, 2015 2:31:20 PM
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A bearish market mood respects no results
"Don't let the fear of losing be greater than the excitement of winning."
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Sam_Kibs
#8 Posted : Thursday, October 01, 2015 3:44:30 PM
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Joined: 7/1/2015
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on a better note EPS grew by 44%. This is a stock am contemplating diving in when it gets lower.
“It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
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madebe
#9 Posted : Thursday, October 01, 2015 5:27:58 PM
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Anybody with the detailed results???? And what is the discontinued operations as they contributed high profits
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Gatheuzi
#10 Posted : Thursday, October 01, 2015 6:51:51 PM
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madebe wrote:
Anybody with the detailed results???? And what is the discontinued operations as they contributed high profits

Sale of Bullpack.
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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Othelo
#11 Posted : Thursday, October 01, 2015 7:53:55 PM
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Sam_Kibs wrote:
on a better note EPS grew by 44%. This is a stock am contemplating diving in when it gets lower.

EPS grew by 22% from continuing operations!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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VituVingiSana
#12 Posted : Friday, October 02, 2015 3:34:37 PM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
The forex loss was huge and hopefully it will be contained (or mitigated) in 2015-16.

1) The KES has depreciated vs the USD (most maize and wheat imports are priced and billed in USD) from July to September. This will hurt Unga unless it was able to increase the price of flour to the consumer.

2) The purchase of Ennsvalley should add both Revenue and Profits going forward but will the profits exceed the 'lost' profits from Bullpak? I do not think this will be the case in 2015-16 as Unga will look to grow Ennsvalley by investing more cash & restructure operations.

3) Assets - I think Unga has assets whose values are understated in the Balance Sheet. There is a plot along Ngong Road that is shown, available for sale, at what seems a low valuation but chances are the sale price would be much higher.

The focus should be on Volume Growth, Gross Margins, Operating Profit and Finance Costs. The 'profit' from Discontinued Operations should be ignored.

It seems (except for forex losses) Unga will have a better 2015-16 with volume growth pushed by a better supply chain, distribution and new products.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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heri
#13 Posted : Thursday, October 08, 2015 9:58:42 AM
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when do the books close for the dividends pay?
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Sir invest
#14 Posted : Thursday, October 08, 2015 10:47:18 AM
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VituVingiSana
#15 Posted : Wednesday, October 21, 2015 4:56:17 AM
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This augurs well for Unga's 1H 2015-16 if they can buy the maize & store it for the inevitable increase in price after the harvesting season is over..
http://www.businessdaily...04/-/kb4hj6/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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heri
#16 Posted : Wednesday, October 21, 2015 10:02:35 AM
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Out of my shares this is the only one i am in the red so far at 10% . Are we likely to see sub 25?
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obiero
#17 Posted : Wednesday, October 21, 2015 10:23:25 AM
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heri wrote:
Out of my shares this is the only one i am in the red so far at 10% . Are we likely to see sub 25?


At the NSE?? U must own only two counters.. or made recent purchases

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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heri
#18 Posted : Wednesday, October 21, 2015 11:12:45 AM
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obiero wrote:
heri wrote:
Out of my shares this is the only one i am in the red so far at 10% . Are we likely to see sub 25?


At the NSE?? U must own only two counters.. or made recent purchases


Been in KK for a long time bought at 8.54 , CFC bought 2 years ago at 68 sold recently at 100 remaining with 1700 shares. recently bought Unga at 40 bob, also have Kenya Re

also bought HF at 20 recently

Kenya Re and KK are the main counters i have

CFC is where i lost serious paper gains having seen it rise to 140s and not sold only to exit at 100
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Sir invest
#19 Posted : Wednesday, October 21, 2015 11:13:22 AM
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Joined: 8/19/2015
Posts: 125
Let it go down we accumulate more. even if it hits 20bob i will buy.
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Muthawamunene
#20 Posted : Wednesday, October 21, 2015 11:14:08 AM
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Joined: 1/3/2011
Posts: 264
Location: Nairobi
And we go belly up!!
Things just got real here.
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