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Longhorn FY17
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Pesa Nane
#1 Posted : Friday, September 08, 2017 6:57:27 PM
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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 : Friday, September 08, 2017 6:59:33 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Div. Ksh. 0.29
Payable 08 Mar 2018
Closure 08 Dec 2017

AGM 08 Dec 2017
Pesa Nane plans to be shilingi when he grows up.
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muandiwambeu
#3 Posted : Friday, September 08, 2017 7:30:09 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
Pesa Nane wrote:
Div. Ksh. 0.29
Payable 08 Mar 2018

AGM 08 Dec 2017

got something to wipe my tears with atleastApplause Applause . register closes when?
,Behold, a sower went forth to sow;....
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Ebenyo
#4 Posted : Thursday, September 21, 2017 5:27:07 PM
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Location: Kitale
Pesa Nane wrote:




cost cutting measures are good.Now they need to grow revenues
Towards the goal of financial freedom
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Ebenyo
#5 Posted : Friday, October 13, 2017 11:37:11 AM
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Pesa Nane wrote:



@pesa nane,pliz saidia link ya full results?
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Pesa Nane
#6 Posted : Friday, October 13, 2017 5:53:30 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ebenyo wrote:
Pesa Nane wrote:



@pesa nane,pliz saidia link ya full results?


Longhorn Publishers Ltd- Audited Full Year Results for the Year Ended 30th June 2017 <<HERE>>
Pesa Nane plans to be shilingi when he grows up.
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Ebenyo
#7 Posted : Monday, October 16, 2017 12:43:12 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Pesa Nane wrote:
Ebenyo wrote:
Pesa Nane wrote:



@pesa nane,pliz saidia link ya full results?


Longhorn Publishers Ltd- Audited Full Year Results for the Year Ended 30th June 2017 <<HERE>>



Thanks @pesa nane.I now have my copy of the full year results.
Towards the goal of financial freedom
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Ebenyo
#8 Posted : Monday, October 23, 2017 6:02:17 PM
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Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Laying off some workers paid handsomely as its impact was felt in:
1.Distribution costs went down by 13%
2.Administrative expenses went down by 12%
3.Cost of sales went down by 6%
4.operating profit went up by 41%
5.Net profit went up by 28%
This was a good move although not sustainable.
The digital venture which the company has spent ksh 200 million will definately aid in sustainable growth in revenue.
Towards the goal of financial freedom
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Ebenyo
#9 Posted : Thursday, December 14, 2017 7:36:50 AM
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Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Centum has successfully influenced the resolution to sell the company land hosting the head office.
The company will now rent offices.
This is not a good move.
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Ericsson
#10 Posted : Thursday, December 14, 2017 11:01:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Ebenyo wrote:
Centum has successfully influenced the resolution to sell the company land hosting the head office.
The company will now rent offices.
This is not a good move.


The proceeds from the sale will be given as special dividends.
You can guess the biggest beneficiary will be
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#11 Posted : Friday, December 15, 2017 11:28:54 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Ericsson wrote:
Ebenyo wrote:
Centum has successfully influenced the resolution to sell the company land hosting the head office.
The company will now rent offices.
This is not a good move.


The proceeds from the sale will be given as special dividends.
You can guess the biggest beneficiary will be

Land may not be the best investment for Longhorn. They may be better off renting at 6% (rental yield) and investing in a business that makes 15% or paying down debt.
Berkshire Hathaway, run by billionaire Warren Buffett, has rented its offices at Kiewet Plaza for decades.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#12 Posted : Friday, December 15, 2017 1:11:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Ebenyo wrote:
Centum has successfully influenced the resolution to sell the company land hosting the head office.
The company will now rent offices.
This is not a good move.


The proceeds from the sale will be given as special dividends.
You can guess the biggest beneficiary will be

Land may not be the best investment for Longhorn. They may be better off renting at 6% (rental yield) and investing in a business that makes 15% or paying down debt.
Berkshire Hathaway, run by billionaire Warren Buffett, has rented its offices at Kiewet Plaza for decades.



That land is a sunken cost.It was bought a long time ago and by now they recovered their money.
I hope this is not a strategy of Longhorn to prop up profits through asset sales
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#13 Posted : Friday, December 15, 2017 2:24:24 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
VituVingiSana wrote:
Ericsson wrote:
Ebenyo wrote:
Centum has successfully influenced the resolution to sell the company land hosting the head office.
The company will now rent offices.
This is not a good move.


The proceeds from the sale will be given as special dividends.
You can guess the biggest beneficiary will be

Land may not be the best investment for Longhorn. They may be better off renting at 6% (rental yield) and investing in a business that makes 15% or paying down debt.
Berkshire Hathaway, run by billionaire Warren Buffett, has rented its offices at Kiewet Plaza for decades.



The administrative costs will shoot up.
Towards the goal of financial freedom
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VituVingiSana
#14 Posted : Friday, December 15, 2017 4:53:46 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Ebenyo wrote:
Centum has successfully influenced the resolution to sell the company land hosting the head office.
The company will now rent offices.
This is not a good move.


The proceeds from the sale will be given as special dividends.
You can guess the biggest beneficiary will be

Land may not be the best investment for Longhorn. They may be better off renting at 6% (rental yield) and investing in a business that makes 15% or paying down debt.
Berkshire Hathaway, run by billionaire Warren Buffett, has rented its offices at Kiewet Plaza for decades.


That land is a sunken cost.It was bought a long time ago and by now they recovered their money.
I hope this is not a strategy of Longhorn to prop up profits through asset sales

Assets cannot be looked at in isolation. The best use has to be considered. Can the proceeds from the sale be used to boost other income or savings?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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