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Unga FY 2015 results profit up 31%
Rank: New-farer Joined: 5/22/2014 Posts: 78
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The good people at Wazua, does anyone have any information as to what is up with this counter? It has just printed a 52-week low..
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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mugo2of3 wrote:The good people at Wazua, does anyone have any information as to what is up with this counter? It has just printed a 52-week low.. Thin trading at the end of the year. I tried to pick up a few but very few on offer at these prices. I'll try kesho. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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VituVingiSana wrote:mugo2of3 wrote:The good people at Wazua, does anyone have any information as to what is up with this counter? It has just printed a 52-week low.. Thin trading at the end of the year. I tried to pick up a few but very few on offer at these prices. I'll try kesho. Hey prof analyzer I'm waiting for your comments on cytonn thread
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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mugo2of3 wrote:The good people at Wazua, does anyone have any information as to what is up with this counter? It has just printed a 52-week low.. what is happening in this counter? i bought at 38 and i am now wondering if i should average down ?
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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heri wrote:mugo2of3 wrote:The good people at Wazua, does anyone have any information as to what is up with this counter? It has just printed a 52-week low.. what is happening in this counter? i bought at 38 and i am now wondering if i should average down ? but NIC platform is still down, so i cannot even place any orders
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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heri wrote:heri wrote:mugo2of3 wrote:The good people at Wazua, does anyone have any information as to what is up with this counter? It has just printed a 52-week low.. what is happening in this counter? i bought at 38 and i am now wondering if i should average down ? but NIC platform is still down, so i cannot even place any orders i have also been watching keenly but the volumes which trade to bring it down are very small to mean anything to me "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@VVS. Remind me of the 5 year period of dividend drought on this counter UNGA. What was happening, can it happen Again. I'm not clear on details but I know of the dividend drought The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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This is a share which i think i went in at the wrong price
Having bought at 37 bob i feel i should have waited seeing that the PE at current price of 34 is still around 9 bob
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Aguytrying wrote:@VVS. Remind me of the 5 year period of dividend drought on this counter UNGA. What was happening, can it happen Again. I'm not clear on details but I know of the dividend drought Of course, what happened earlier can happen again. Things change. KCB was very profitable early on then it was (technically) bankrupt just a few years ago [Moi-era]. KQ was loss-making then profitable then loss-making. Apple was almost bankrupt not so long ago. TransCentury used to be profitable but now loss-making. Uchumi was profitable, then almost died, was resurrected, then back to poverty. Is there any other reason for Unga except the history 5 years ago? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:@VVS. Remind me of the 5 year period of dividend drought on this counter UNGA. What was happening, can it happen Again. I'm not clear on details but I know of the dividend drought Of course, what happened earlier can happen again. Things change. KCB was very profitable early on then it was (technically) bankrupt just a few years ago [Moi-era]. KQ was loss-making then profitable then loss-making. Apple was almost bankrupt not so long ago. TransCentury used to be profitable but now loss-making. Uchumi was profitable, then almost died, was resurrected, then back to poverty. Is there any other reason for Unga except the history 5 years ago? But what happened that time? I wasn't following stocks then. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:@VVS. Remind me of the 5 year period of dividend drought on this counter UNGA. What was happening, can it happen Again. I'm not clear on details but I know of the dividend drought Of course, what happened earlier can happen again. Things change. KCB was very profitable early on then it was (technically) bankrupt just a few years ago [Moi-era]. KQ was loss-making then profitable then loss-making. Apple was almost bankrupt not so long ago. TransCentury used to be profitable but now loss-making. Uchumi was profitable, then almost died, was resurrected, then back to poverty. Is there any other reason for Unga except the history 5 years ago? But what happened that time? I wasn't following stocks then. I could write about it but it's not really relevant today since the market dynamics have changed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:@VVS. Remind me of the 5 year period of dividend drought on this counter UNGA. What was happening, can it happen Again. I'm not clear on details but I know of the dividend drought Of course, what happened earlier can happen again. Things change. KCB was very profitable early on then it was (technically) bankrupt just a few years ago [Moi-era]. KQ was loss-making then profitable then loss-making. Apple was almost bankrupt not so long ago. TransCentury used to be profitable but now loss-making. Uchumi was profitable, then almost died, was resurrected, then back to poverty. Is there any other reason for Unga except the history 5 years ago? But what happened that time? I wasn't following stocks then. I could write about it but it's not really relevant today since the market dynamics have changed. Thanks. I just remember a wazuan who had waited 5 yrs for a dividend when I was new to stocks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:@VVS. Remind me of the 5 year period of dividend drought on this counter UNGA. What was happening, can it happen Again. I'm not clear on details but I know of the dividend drought Of course, what happened earlier can happen again. Things change. KCB was very profitable early on then it was (technically) bankrupt just a few years ago [Moi-era]. KQ was loss-making then profitable then loss-making. Apple was almost bankrupt not so long ago. TransCentury used to be profitable but now loss-making. Uchumi was profitable, then almost died, was resurrected, then back to poverty. Is there any other reason for Unga except the history 5 years ago? But what happened that time? I wasn't following stocks then. I could write about it but it's not really relevant today since the market dynamics have changed. Thanks. I just remember a wazuan who had waited 5 yrs for a dividend when I was new to stocks Dividends are important to some but some firms prefer not to pay dividends & then borrow e.g. Berkshire Hathaway and Centum. Mature firms eg BAT have high dividend payout ratios. Unga is growing [& should not pay dividends] at the moment but at a 'leisurely' pace. I remain wary of its level of debt both KES & USD. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Good News: Maize flour price drops to Sh90 low on cheaper grain http://www.businessdaily...4/-/yrd99l/-/index.html
Unga can trade the same volumes but with lower financing costs. Plus some Kenyans will go back to Unga products as the price differential between Unga's products & 'posho mills' reduces. Bad News: One of the directors, Mary M’Mukindia, has been caught up in the BAT bribery scandal. Unga had a similar situation with Kiereini who was eased out by the Ndegwas post-CMC. http://www.businessdaily...4/-/dkdoboz/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 7/23/2015 Posts: 35
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VituVingiSana wrote:Good News: Maize flour price drops to Sh90 low on cheaper grain http://www.businessdaily...4/-/yrd99l/-/index.html
Unga can trade the same volumes but with lower financing costs. Plus some Kenyans will go back to Unga products as the price differential between Unga's products & 'posho mills' reduces. Bad News: One of the directors, Mary M’Mukindia, has been caught up in the BAT bribery scandal. Unga had a similar situation with Kiereini who was eased out by the Ndegwas post-CMC. http://www.businessdaily.../-/dkdoboz/-/index.html Sad! I hope they act swiftly, the worst response in bribery matters is to sit on the issue and hope it goes away. Especially if, like Unga, you hope to do lots of business with American Fastfood multinationals- the US anti-corruption investigators don't joke around as Goodyear discovered last year. On a side note, I must start looking at the 'management fees' in Companies' accounts with a more cynical eye: according to the Independent article ( link) that's the item under which BAT allegedly hid the bribes in its financial reports. The other was 'expenses incurred in anti-smuggling operations'. Even the birds can testify...but you forget the chief has his son as the judge and his son-in-law as interpreter- Oumar Ba
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@Arconnrk - Unga pays Seaboard for services. At one time, Seaboard managed Unga Ltd [the subsidiary of Unga Holdings]. I hope all payments are 'clean' since Unga has no significant GoK dealings. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 7/23/2015 Posts: 35
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Pizza Hut coming to Kenya according to news item I just watched. Will Unga be an 'exclusive supplier' as with KFC, Dominos and Nestle? Its not far-fetched since Yum Brands, the owners of the KFC brand, also own the Pizza hut brand. They may not want their east african franchisees to go with untested suppliers given the multiple disasters Yum had with food suppliers in China. On the downside- as far as I know, the board-member we share with BAT has not been dealt with. Even the birds can testify...but you forget the chief has his son as the judge and his son-in-law as interpreter- Oumar Ba
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Rank: New-farer Joined: 7/23/2015 Posts: 35
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VituVingiSana wrote:@Arconnrk - Unga pays Seaboard for services. At one time, Seaboard managed Unga Ltd [the subsidiary of Unga Holdings]. I hope all payments are 'clean' since Unga has no significant GoK dealings. I hope so too. Unfortunately, like any food businesse= they have dealings with licensing and regulators from time to time- shake that tree hard enough and there's no telling what unexplained payment might fall out. Even the birds can testify...but you forget the chief has his son as the judge and his son-in-law as interpreter- Oumar Ba
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Arconnrk wrote:Pizza Hut coming to Kenya according to news item I just watched. Will Unga be an 'exclusive supplier' as with KFC, Dominos and Nestle? Its not far-fetched since Yum Brands, the owners of the KFC brand, also own the Pizza hut brand. They may not want their east african franchisees to go with untested suppliers given the multiple disasters Yum had with food suppliers in China. On the downside- as far as I know, the board-member we share with BAT has not been dealt with. Already opened. Westgate and University Way. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 7/23/2015 Posts: 35
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VituVingiSana wrote:Arconnrk wrote:Pizza Hut coming to Kenya according to news item I just watched. Will Unga be an 'exclusive supplier' as with KFC, Dominos and Nestle? Its not far-fetched since Yum Brands, the owners of the KFC brand, also own the Pizza hut brand. They may not want their east african franchisees to go with untested suppliers given the multiple disasters Yum had with food suppliers in China. On the downside- as far as I know, the board-member we share with BAT has not been dealt with. Already opened. Westgate and University Way. No kidding? All that's left really is the big 'M' of McDonalds to complete the American fastfood menu. Even the birds can testify...but you forget the chief has his son as the judge and his son-in-law as interpreter- Oumar Ba
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Unga FY 2015 results profit up 31%
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