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VituVingiSana		#1621 Posted : Sunday, November 18, 2018 1:07:07 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#1622 Posted : Sunday, November 18, 2018 4:13:42 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Centum debt is not moderate Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Horton		#1623 Posted : Sunday, November 18, 2018 11:22:01 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That’s one thing I have not been able to do .......have cash it’s hard just keeping it there when u can see KCB is at 38/- . 🤦🏽‍♂️🤦🏽‍♂️
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VituVingiSana		#1624 Posted : Sunday, November 18, 2018 11:50:07 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		Ericsson wrote: VituVingiSana wrote: Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Centum debt is not moderate What's their debt? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#1625 Posted : Monday, November 19, 2018 12:40:00 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Centum debt is not moderate What's their debt? Ksh.24.64bn http://www.centum.co.ke/...ar-ended-31st-march-2018 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#1626 Posted : Monday, November 19, 2018 7:28:57 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Centum debt is not moderate What's their debt? Ksh.24.64bn http://www.centum.co.ke/...r-ended-31st-march-2018 Company's Net Debt (Total Debt less Cash) is 13.765bn vs Assets of 61.57bn Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#1627 Posted : Monday, November 19, 2018 7:57:17 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Centum debt is not moderate What's their debt? Ksh.24.64bn http://www.centum.co.ke/...r-ended-31st-march-2018 Company's Net Debt (Total Debt less Cash) is 13.765bn vs Assets of 61.57bn What is the figure of cash.The figure I see is ksh.5.8bn Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#1628 Posted : Monday, November 19, 2018 8:43:15 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Centum debt is not moderate What's their debt? Ksh.24.64bn http://www.centum.co.ke/...r-ended-31st-march-2018 Company's Net Debt (Total Debt less Cash) is 13.765bn vs Assets of 61.57bn What is the figure of cash.The figure I see is ksh.5.8bn http://www.centum.co.ke/...udited_Results_FY18.pdf The Company not Group. The reason I am looking at Company is that the Group debt includes debt allocated to Non-Controlling Interests. From a Group perspective, the net debt is 18.6bn vs Assets of 96bn Company's Net Debt (Total Debt less Cash) is 13.765bn vs Assets of 61.57bn Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#1629 Posted : Monday, November 19, 2018 10:21:05 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Centum debt is not moderate What's their debt? Ksh.24.64bn http://www.centum.co.ke/...r-ended-31st-march-2018 Company's Net Debt (Total Debt less Cash) is 13.765bn vs Assets of 61.57bn What is the figure of cash.The figure I see is ksh.5.8bn http://www.centum.co.ke/...udited_Results_FY18.pdf The Company not Group. The reason I am looking at Company is that the Group debt includes debt allocated to Non-Controlling Interests. From a Group perspective, the net debt is 18.6bn vs Assets of 96bn Company's Net Debt (Total Debt less Cash) is 13.765bn vs Assets of 61.57bn Centum is an Investment Company. Their debt should be analysed as Inventory i.e on a year to year basis. Life is short. Live passionately.
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VituVingiSana		#1630 Posted : Monday, November 19, 2018 10:26:36 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		sparkly wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: Tips for preparing your portfolio for economic slowdown and bear run; --Own stocks with good balance sheets and low debts --Consider short duration and bonds --Have at least 10% cash in your portfolio. That's what I learnt when I decided to follow WB's lessons excluding some small forays into stuff like ARM My core picks have remained consistent since they have low net debts. KenRe is cash-rich [but GoK controlled] I&M is cash-rich [but it is a bank and there's always a risk of a run] KK has low debt [I have excluded WC debt given it finances easy to liquidate inventory] Unga has low/moderate debt [but it has taken on more debt recently for the new Eldoret plant + inventory] Safaricom - Zero debt [and huge cashflow inflows] Centum - Moderate debt but manageable debt levels. Working Capital is a double-edged sword. Firms like KK need huge levels of WC, which is financed by borrowing, but for inventory that can easily be sold. Unga faces a different challenge given inventory prices/value are dependent on GoK but it's FMCG so it can cash out at a manageable loss. FX is also a risk. Balance Sheets measure "debt" at a point in time which could skew the analysis. The completion of the sale of an asset, proceeds used to pay down debt, could be delayed for a few days after the date of the Balance Sheet. On the surface, the debt situation looks dire but once the sale is completed, it will improve dramatically. Centum debt is not moderate What's their debt? Ksh.24.64bn http://www.centum.co.ke/...r-ended-31st-march-2018 Company's Net Debt (Total Debt less Cash) is 13.765bn vs Assets of 61.57bn What is the figure of cash.The figure I see is ksh.5.8bn http://www.centum.co.ke/...udited_Results_FY18.pdf The Company not Group. The reason I am looking at Company is that the Group debt includes debt allocated to Non-Controlling Interests. From a Group perspective, the net debt is 18.6bn vs Assets of 96bn Company's Net Debt (Total Debt less Cash) is 13.765bn vs Assets of 61.57bn Centum is an Investment Company. Their debt should be analysed as Inventory i.e on a year to year basis. Please explain. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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