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BAT FY15 PAT Ksh. 5Bn earnings up 17%
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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BAT FY15 PAT Ksh. 5Bn Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Final Div. Ksh 46 (Interim Ksh. 3.50) Payable 12 May 2016 Register closes 28 Mar 16 AGM on 12 May 2016 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Majority shareholder BAT PLC is making handosme returns from the kenyan subsidiary.They own 60% of the company and company issues its entire profit after tax as dividend. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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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: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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pariah, away away away. Quote:RE: RESIGNATION OF A DIRECTOR - BRITISH AMERICAN TOBACCO KENYA LIMITED (BATK)
I write to inform the Nairobis Securities Exchange Limited that, for personal reasons, Dr. Jonathan Ciano has tendered his resignation as a Non-Executive Director of the Company effective 26th February 2016
Ruth Ngobi
Company Secretary Earlier in the morning... Quote:Towards the end of 2015, a number of public allegations were made regarding certain conduct on the part of BAT. The Board of BAT Kenya takes these allegations extremely seriously and has taken steps to ensure that they are fully investigated. All our employees are required to understand and abide by the company's Standards of Business Conduct. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? Seem to be taken care of... Quote:In 2015, the Company completed the roll out of a new instance of SAP, our Entreprise Resource Planning platform. This is in line with our strategy to simplify business structures and further integrate processes. Anticipated benefits include enhancing business information for decision making and providing opportunities for further cost savings. Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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35.8% dividend yield.To be held forever.
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Rank: Member Joined: 6/15/2013 Posts: 301
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Pesa Nane wrote:Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? Seem to be taken care of... Quote:In 2015, the Company completed the roll out of a new instance of SAP, our Entreprise Resource Planning platform. This is in line with our strategy to simplify business structures and further integrate processes. Anticipated benefits include enhancing business information for decision making and providing opportunities for further cost savings. @aguytrying.....Even me I don't understand. The purpose of a company is to make profits so if you dish out everything you make what's your purpose??
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Rank: Member Joined: 1/31/2007 Posts: 304
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mulla wrote:Pesa Nane wrote:Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? Seem to be taken care of... Quote:In 2015, the Company completed the roll out of a new instance of SAP, our Entreprise Resource Planning platform. This is in line with our strategy to simplify business structures and further integrate processes. Anticipated benefits include enhancing business information for decision making and providing opportunities for further cost savings. @aguytrying.....Even me I don't understand. The purpose of a company is to make profits so if you dish out everything you make what's your purpose?? They have already achieved their purpose by making the huge profits..dishing out all the profits in dividends just means they dont need the money.It is also a sign of how confident they are of their business ie They will always make money to pay a dividend
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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moneydust wrote:mulla wrote:Pesa Nane wrote:Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? Seem to be taken care of... Quote:In 2015, the Company completed the roll out of a new instance of SAP, our Entreprise Resource Planning platform. This is in line with our strategy to simplify business structures and further integrate processes. Anticipated benefits include enhancing business information for decision making and providing opportunities for further cost savings. @aguytrying.....Even me I don't understand. The purpose of a company is to make profits so if you dish out everything you make what's your purpose?? They have already achieved their purpose by making the huge profits..dishing out all the profits in dividends just means they dont need the money.It is also a sign of how confident they are of their business ie They will always make money to pay a dividend That's very wishful thinking from them. Even 1 bn could tucked away for a rainy day. Or the reserves are also too many. Hope it has nothing to do with the main shareholder using it as a cash cow, anyway as long As it is fed properly And taken to hospital when sick. We cant complain. 400-500 on this stock is a mirage. Wacha wakio ndani wa enjoy The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Aguytrying wrote:moneydust wrote:mulla wrote:Pesa Nane wrote:Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? Seem to be taken care of... Quote:In 2015, the Company completed the roll out of a new instance of SAP, our Entreprise Resource Planning platform. This is in line with our strategy to simplify business structures and further integrate processes. Anticipated benefits include enhancing business information for decision making and providing opportunities for further cost savings. @aguytrying.....Even me I don't understand. The purpose of a company is to make profits so if you dish out everything you make what's your purpose?? They have already achieved their purpose by making the huge profits..dishing out all the profits in dividends just means they dont need the money.It is also a sign of how confident they are of their business ie They will always make money to pay a dividend That's very wishful thinking from them. Even 1 bn could tucked away for a rainy day. Or the reserves are also too many. Hope it has nothing to do with the main shareholder using it as a cash cow, anyway as long As it is fed properly And taken to hospital when sick. We cant complain. 400-500 on this stock is a mirage. Wacha wakio ndani wa enjoy Wishful thinking yet they've been doing it for years? "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
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mulla wrote:Pesa Nane wrote:Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? Seem to be taken care of... Quote:In 2015, the Company completed the roll out of a new instance of SAP, our Entreprise Resource Planning platform. This is in line with our strategy to simplify business structures and further integrate processes. Anticipated benefits include enhancing business information for decision making and providing opportunities for further cost savings. @aguytrying.....Even me I don't understand. The purpose of a company is to make profits so if you dish out everything you make what's your purpose?? My problem is very different. Why do people smoke so that BAT can make profit? Someone said smoking is a luxury and that's the reason for high taxation in cigarettes. Does it mean we are so reach that we'll always have something to spare for luxurious things like smoking? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Aguytrying wrote:moneydust wrote:mulla wrote:Pesa Nane wrote:Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? Seem to be taken care of... Quote:In 2015, the Company completed the roll out of a new instance of SAP, our Entreprise Resource Planning platform. This is in line with our strategy to simplify business structures and further integrate processes. Anticipated benefits include enhancing business information for decision making and providing opportunities for further cost savings. @aguytrying.....Even me I don't understand. The purpose of a company is to make profits so if you dish out everything you make what's your purpose?? They have already achieved their purpose by making the huge profits..dishing out all the profits in dividends just means they dont need the money.It is also a sign of how confident they are of their business ie They will always make money to pay a dividend That's very wishful thinking from them. Even 1 bn could tucked away for a rainy day. Or the reserves are also too many. Hope it has nothing to do with the main shareholder using it as a cash cow, anyway as long As it is fed properly And taken to hospital when sick. We cant complain. 400-500 on this stock is a mirage. Wacha wakio ndani wa enjoy @aguy 1. Retained Earning grew to Ksh 6.4Bn from Ksh. 5.6Bn (tucking away) 2. Roll out of SAP (investing in IT and efficiency tools) 3. Pay out ratio was only 18% at HY (Rainy day prudence) 4. Unbelievable profit margins (must rain again tomorrow) ie -Operating profit margin - 42.3% (was 60.6% previous year) -Pre tax margin - 39.2% -PAT margins - 27.3% Figures D&B Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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jerry wrote:mulla wrote:Pesa Nane wrote:Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? Seem to be taken care of... Quote:In 2015, the Company completed the roll out of a new instance of SAP, our Entreprise Resource Planning platform. This is in line with our strategy to simplify business structures and further integrate processes. Anticipated benefits include enhancing business information for decision making and providing opportunities for further cost savings. @aguytrying.....Even me I don't understand. The purpose of a company is to make profits so if you dish out everything you make what's your purpose?? My problem is very different. Why do people smoke so that BAT can make profit? Someone said smoking is a luxury and that's the reason for high taxation in cigarettes. Does it mean we are so reach that we'll always have something to spare for luxurious things like smoking? Wrong. Smoking is a disease and with no easy cure for that matter. BAT has enough patients to keep it "healthy" for a long time. 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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Rank: Member Joined: 3/15/2009 Posts: 360
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Aguytrying wrote:Someone explain to me like a 2 year old. Why does this company pay out all its profits as dividends? Doesn't it need money for renovations, maintenance and expansion? depreciation and amortization charges take care of renovations and maintenance I think they are not too keen on expansion.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Gatheuzi wrote:
Wrong. Smoking is a disease and with no easy cure for that matter. BAT has enough patients to keep it "healthy" for a long time.
a cigarette is the "medicine" for the chronic "disease" called smoking..
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BAT FY15 PAT Ksh. 5Bn earnings up 17%
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