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Unga HY 2016-2017 over 59% drop in profits
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VituVingiSana
#1 Posted : Friday, February 24, 2017 9:35:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Lower 1H 2016/17 (vs 2015-16) profits. Sad Sad Sad d'oh! d'oh! d'oh!
Huge drop in Operating Profit from 492mn to 173mn.

The increase in maize prices and reduced volumes has severely affected Unga's maize and animal feeds.
Nakumatt's problems have seeped through with late payments.
Ennsvalley store closings and late payments have hurt the business.

2H expected to be better.

I am disappointed but remain confident that easing of the drought, maize imports and new projects will benefit Unga going forward.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by moderator: Friday, February 24, 2017 12:37 PM | Reason: topic created from user posts
heri
#2 Posted : Friday, February 24, 2017 10:40:14 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
VituVingiSana wrote:
Lower 1H 2016/17 (vs 2015-16) profits. Sad Sad Sad d'oh! d'oh! d'oh!
Huge drop in Operating Profit from 492mn to 173mn.

The increase in maize prices and reduced volumes has severely affected Unga's maize and animal feeds.
Nakumatt's problems have seeped through with late payments.
Ennsvalley store closings and late payments have hurt the business.

2H expected to be better.

I am disappointed but remain confident that easing of the drought, maize imports and new projects will benefit Unga going forward.


Price should drop to 15 going by these results
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Pesa Nane
#3 Posted : Friday, February 24, 2017 12:09:40 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c


Full results link https://view.publitas.co...ing-announcement/page/1
Pesa Nane plans to be shilingi when he grows up.
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  | | Edit by moderator: Friday, February 24, 2017 12:31 PM | Reason: results link
Pesa Nane
#4 Posted : Friday, February 24, 2017 12:13:22 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Sad Sad


Pesa Nane plans to be shilingi when he grows up.
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Chaka
#5 Posted : Friday, February 24, 2017 12:51:21 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Pesa Nane wrote:
Sad Sad



Forgive my ignorance..what does the depreciation of the KES and UGX got to do with profit?Does the Co. have a forex loan or do they import inputs?
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karasinga
#6 Posted : Friday, February 24, 2017 3:04:30 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
Pesa Nane wrote:
Sad Sad



Charts don't lie. check prior analysis here before the" news". I think the time has come for us to combine both tech analysis and fundamentals.
best wishes
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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obiero
#7 Posted : Friday, February 24, 2017 3:16:00 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
Unga Limited has already reached June 2017 as per their profit warning.. If a company cannot afford to spellcheck then can we really expect a profit
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  | | Edit by user: Friday, February 24, 2017 3:17 PM | Reason: Not specified
snipermnoma
#8 Posted : Friday, February 24, 2017 3:59:39 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
obiero wrote:
Unga Limited has already reached June 2017 as per their profit warning.. If a company cannot afford to spellcheck then can we really expect a profit


Help me understand what you mean. The way I read this I see no need for spell check. They expect PBT for th ecurrent financial year which ends in June 2017 will be at least 25% lower than the previous year ending June 2016. To me it makes sense...what am I missing?
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sparkly
#9 Posted : Friday, February 24, 2017 4:02:03 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
Unga Limited has already reached June 2017 as per their profit warning.. If a company cannot afford to spellcheck then can we really expect a profit


You are the one who is slowEh?
Life is short. Live passionately.
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obiero
#10 Posted : Friday, February 24, 2017 4:46:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
sparkly wrote:
obiero wrote:
Unga Limited has already reached June 2017 as per their profit warning.. If a company cannot afford to spellcheck then can we really expect a profit


You are the one who is slowEh?

Hehe
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