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Limuru Tea HY17
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Pesa Nane
#1 Posted : Monday, September 11, 2017 8:31:43 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Monday, September 11, 2017 8:35:58 PM
Rank: Elder


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

Performance
In the first half of 2017, the company produced 926 Tons of green leaf, which in turn was manufactured into 216 Tons of black tea. This was a 45% decrease in Made Tea volumes compared to the first half of 2016.

Total revenues decreased by 43% to Kes 34 million in the period compared to Kes 59 million realised in the same period of 2016. This decrease in the first half of 2017 was due to a drop in production volumes as a result of unfavourable weather conditions experienced in first quarter.

The company posted a pre-tax loss of Kes 6.4 million in the first half of 2017 compared to a pre-tax profit of Kes 6.2 million in 2016.

Dividend
The Directors do not recommend an interim dividend.

Prospects
The first half of 2017 experienced unfavourable weather conditions which adversely impacted on volumes.

If the current weather conditions persist for the rest of the year, the full year crop is expected to be lower than last year, hence the 2017 performance therefore is expected to be modest.
Pesa Nane plans to be shilingi when he grows up.
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obiero
#3 Posted : Monday, September 11, 2017 8:38:29 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,530
Location: nairobi
Pesa Nane wrote:
Quote:
COMMENTARY

Performance
In the first half of 2017, the company produced 926 Tons of green leaf, which in turn was manufactured into 216 Tons of black tea. This was a 45% decrease in Made Tea volumes compared to the first half of 2016.

Total revenues decreased by 43% to Kes 34 million in the period compared to Kes 59 million realised in the same period of 2016. This decrease in the first half of 2017 was due to a drop in production volumes as a result of unfavourable weather conditions experienced in first quarter.

The company posted a pre-tax loss of Kes 6.4 million in the first half of 2017 compared to a pre-tax profit of Kes 6.2 million in 2016.

Dividend
The Directors do not recommend an interim dividend.

Prospects
The first half of 2017 experienced unfavourable weather conditions which adversely impacted on volumes.

If the current weather conditions persist for the rest of the year, the full year crop is expected to be lower than last year, hence the 2017 performance therefore is expected to be modest.

Our economy is dying

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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obiero
#4 Posted : Monday, September 11, 2017 8:43:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,530
Location: nairobi
Pesa Nane wrote:
Quote:
COMMENTARY

Performance
In the first half of 2017, the company produced 926 Tons of green leaf, which in turn was manufactured into 216 Tons of black tea. This was a 45% decrease in Made Tea volumes compared to the first half of 2016.

Total revenues decreased by 43% to Kes 34 million in the period compared to Kes 59 million realised in the same period of 2016. This decrease in the first half of 2017 was due to a drop in production volumes as a result of unfavourable weather conditions experienced in first quarter.

The company posted a pre-tax loss of Kes 6.4 million in the first half of 2017 compared to a pre-tax profit of Kes 6.2 million in 2016.

Dividend
The Directors do not recommend an interim dividend.

Prospects
The first half of 2017 experienced unfavourable weather conditions which adversely impacted on volumes.

If the current weather conditions persist for the rest of the year, the full year crop is expected to be lower than last year, hence the 2017 performance therefore is expected to be modest.

Our economy is dying

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Magnate
#5 Posted : Tuesday, September 12, 2017 1:55:35 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
Lets see how Mr. Market will react
Demand -0
Supply-0
Last price 540.0
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Ebenyo
#6 Posted : Tuesday, September 12, 2017 6:07:42 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Magnate wrote:
Lets see how Mr. Market will react
Demand -0
Supply-0
Last price 540.0


I will need someone to convince me so hard as to why i should put my money here.
With this current price,i get guaranteed 10% return from a treasury bond yet shareholders here get 0%.
And why does agricultural companies performing so poorly?
Save for kapchorua and williamson(albeit without the nagging court case) the rest are in nightmares.
Towards the goal of financial freedom
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