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Carbacid FY 2018

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Superprime1		#1 Posted : Monday, October 29, 2018 11:27:05 AM
Rank: Member Joined: 5/2/2018 Posts: 267		After-tax profit down 15.3% to Sh298.53m Revenues down by a marginal 0.5% to Sh753.16m Administrative expenses up 15.4% to Sh175.91m Proposed dividend maintained at Sh0.70/share Book closure - Nov 16, 2018 AGM - Dec 11, 2018
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Pesa Nane		#2 Posted : Monday, October 29, 2018 11:49:50 AM
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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Ebenyo		#3 Posted : Monday, October 29, 2018 1:17:56 PM
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale		Baloobhai Patel saw an opportunity to preserve his cash with a continous income. Towards the goal of financial freedom
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Superprime1		#4 Posted : Monday, October 29, 2018 1:51:11 PM
Rank: Member Joined: 5/2/2018 Posts: 267		Ebenyo wrote: Baloobhai Patel saw an opportunity to preserve his cash with a continous income. At what price did he acquire?
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Ebenyo		#5 Posted : Monday, October 29, 2018 1:59:25 PM
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale		Superprime1 wrote: Ebenyo wrote: Baloobhai Patel saw an opportunity to preserve his cash with a continous income. At what price did he acquire? He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed. Towards the goal of financial freedom
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Superprime1		#6 Posted : Monday, October 29, 2018 2:04:03 PM
Rank: Member Joined: 5/2/2018 Posts: 267		Ebenyo wrote: Superprime1 wrote: Ebenyo wrote: Baloobhai Patel saw an opportunity to preserve his cash with a continous income. At what price did he acquire? He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed. Even worse are the rising administrative expenses... Can't help but wonder what's the future of Carbacid...
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obiero		#7 Posted : Tuesday, October 30, 2018 7:32:43 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi		Superprime1 wrote: Ebenyo wrote: Superprime1 wrote: Ebenyo wrote: Baloobhai Patel saw an opportunity to preserve his cash with a continous income. At what price did he acquire? He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed. Even worse are the rising administrative expenses... Can't help but wonder what's the future of Carbacid... Same guy remains second among significant KQ shareholders HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ebenyo		#8 Posted : Tuesday, October 30, 2018 12:29:06 PM
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale		obiero wrote: Superprime1 wrote: Ebenyo wrote: Superprime1 wrote: Ebenyo wrote: Baloobhai Patel saw an opportunity to preserve his cash with a continous income. At what price did he acquire? He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed. Even worse are the rising administrative expenses... Can't help but wonder what's the future of Carbacid... Same guy remains second among significant KQ shareholders His age is the one for preservation of wealth.Im still in the age of creating wealth.I prefer growing busineses that will grow my money in the long run. Towards the goal of financial freedom
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VituVingiSana		#9 Posted : Tuesday, October 30, 2018 5:55:40 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		obiero wrote: Superprime1 wrote: Ebenyo wrote: Superprime1 wrote: Ebenyo wrote: Baloobhai Patel saw an opportunity to preserve his cash with a continous income. At what price did he acquire? He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed. Even worse are the rising administrative expenses... Can't help but wonder what's the future of Carbacid... Same guy remains second among significant KQ shareholders We all make mistakes even as astute an investor as BC Patel. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Balaa		#10 Posted : Saturday, November 03, 2018 4:36:05 PM
Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa		Out of curiousity: Anyone knows the CEO of Carbacid Investments? Ameekwa chini ya maji sana! If it don't make dollars, it don't make sense
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Horton		#11 Posted : Saturday, November 03, 2018 4:47:02 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		VituVingiSana wrote: obiero wrote: Superprime1 wrote: Ebenyo wrote: Superprime1 wrote: Ebenyo wrote: Baloobhai Patel saw an opportunity to preserve his cash with a continous income. At what price did he acquire? He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed. Even worse are the rising administrative expenses... Can't help but wonder what's the future of Carbacid... Same guy remains second among significant KQ shareholders We all make mistakes even as astute an investor as BC Patel. I don’t think CARB would be classified as a mistake. Sure they are going thru a rough patch currently but consider this: 1. Cheapest source of CO2 2. They are also the most expensive on the sell side. To get back market share they need to reduce their prices but this company usually hates price wars 3. They have ZERO DEBT 4. Baloo bought these shares way back before BOCs offer. So he must have recouped his investment several times over. 5. They need to improve their investment income. Since this company is cash rich, it usually invests in NSE mainly and now bonds. Decisions to buy shares from what I have heard is done in-house and sometimes leads to poor buys eg NBK. They need a CIO with experience here
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VituVingiSana		#12 Posted : Sunday, November 04, 2018 12:17:32 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Horton wrote: VituVingiSana wrote: obiero wrote: Superprime1 wrote: Ebenyo wrote: Superprime1 wrote: Ebenyo wrote: Baloobhai Patel saw an opportunity to preserve his cash with a continous income. At what price did he acquire? He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed. Even worse are the rising administrative expenses... Can't help but wonder what's the future of Carbacid... Same guy remains second among significant KQ shareholders We all make mistakes even as astute an investor as BC Patel. I was referring to BC buying KQ not CARB. I don’t think CARB would be classified as a mistake. Sure they are going thru a rough patch currently but consider this: 1. Cheapest source of CO2 2. They are also the most expensive on the sell side. To get back market share they need to reduce their prices but this company usually hates price wars 3. They have ZERO DEBT 4. Baloo bought these shares way back before BOCs offer. So he must have recouped his investment several times over. 5. They need to improve their investment income. Since this company is cash rich, it usually invests in NSE mainly and now bonds. Decisions to buy shares from what I have heard is done in-house and sometimes leads to poor buys eg NBK. They need a CIO with experience here Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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