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Rea Vipingo profit warning
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Surealligator
#1 Posted : Wednesday, May 19, 2010 7:19:37 AM
Rank: User


Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
The company has given a profit warning. They said a drop of over 25% in profits is expected for financial year ending Sept 30, 2010.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mukiha
#2 Posted : Wednesday, May 19, 2010 7:29:14 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
I was thinking about puting some money into it...not any more. I had bought into it during its IPO many years ago. Stayed with them for several years and saw no growth.

Even though they seem well focused on their business [high quality sisal], and they consistently increased volumes produced, this did not translate into increased shareholder value.

I was also concerned about too many "arms length" insider contracts.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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the deal
#3 Posted : Wednesday, May 19, 2010 8:09:37 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
suprise...i thought maybe those Agrics were going to produce supernormal profits this year...LOL...they deserve their low P/E's...
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muganda
#4 Posted : Wednesday, May 19, 2010 8:28:21 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Incredulous! Coming this year I almost assumed it was a profit warning for surplus/excess profits (why don't companies give those?)

And I remember a post on Wazua saying Aly-Khan Satchu had taken a huge position. You really can't fortell the future - wonder whether he exited on time?

ProverB wrote:
..noticed aly khan satchu had a sizable chunk of Rea Vipingo shares..check out annual report top 10 shareholders.
I realize shareholding proportion might not mean much..but when that share holding is by a renown shares trader...might mean something...but then ..that was as at Dec 31st 2008...i year has passed.

..just a thought.
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Wa_ithaka
#5 Posted : Wednesday, May 19, 2010 8:38:19 AM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
Makongo (sisal)takes time to grow. And time to dry up. A lot opf its crop would have been decimated in 2009. It'll take time to go up.

Always beware of this saying "a rising tide lifts all boats"
The Governor of Nyeri - 2017
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the deal
#6 Posted : Wednesday, May 19, 2010 9:04:38 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ muganda... aly khan satchu is obssesed with the agrics/married to them.. i'm sure he is still keeping that bid chunk...LOL...
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Surealligator
#7 Posted : Wednesday, May 19, 2010 1:18:26 PM
Rank: User


Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
the deal wrote:
the key to success is being humble and obeying the principles of the Lord...


@The deal

You seem to be conversant with biblical quotes. What are the verses for the phrase "Woman, obey your husband. Husband, love your wife", or something like that?
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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VituVingiSana
#8 Posted : Wednesday, May 19, 2010 1:32:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,120
Location: Nairobi
LOL... There is more here than just rain... The Global Financial Crisis ate into DEMAND as well...

For 2010:
1) Rain will boost sisal production...
2) Demand might pick up as economies/agriculture picks up...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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