Kakuzi is flirting hesitantly with the sh 100 mark.

@mkonomtupu, the wakubwa are in London. I wonder if the slide will be as fast as the rise?

"Kakuzi is owned by Kakuzi Ltd, owned by Linton Park of UK, has over 40,000 acres of land under tea and coffee. The land starts from Makutano on the Nairobi-Muranga Road and runs all the way to Muranga Teachers College in the Makuyu area. The company recently ventured into horticulture farming. Kakuzi also owns a ranch that starts from Kenol Station in Thika District on to Mt. Kilimabogo. The ranch is used to keep cattle."

-- Mars Group Kenya

"Linton Park PLC is a multi-product company with operations in agriculture, horticulture, food distribution, engineering, and pharmaceuticals. Its food production crops include edible nuts, fruits, tea, and wine grapes grown in Australia, Chile, Kenya, Malawi, and South Africa. Linton Park's food distribution businesses trade fish and caviar. Its engineering businesses operate metal finishing facilities, including galvanizing and plating. The company's Siegfried Group division develops and manufactures the active ingredients for generic pharmaceutical products while its Sidroga division develops and markets herbal medicines and teas. Camellia Plc has aquired all of the company shares."

-- Yahoo! Finance

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Ask them at the AGM...
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ws, not a shareholder n that's why I don't buy on sentiments. A company may have assets but it's what the company management does with the assets that matters.
Jguru-Thanks. Amazing how little we know about Kakuzi which was really my point.

@VituVingiSana: What would an acre in the region described go for - minimum price?

My mum recently (Jun 2009) bought land at Kenol. 1/4 acre at 300k. Some church friends of her's later pooled their money and bought 1 acre at 1.4 million. Kenol is prime and growing. Ask anyone who lives in Murang'a or Thika.

My uncle lives in Makuyu. He told me early last year, that Kakuzi had cut down all the coffee bushes on their Makuyu farm and planted trees that are used for electricity poles. They laid off most of the workers too. I wonder if the trees grew and they have sold them, making a killing!? There was also a plan to hive off part of the farm and sell it off. Real estate gains?

We did some work at Linton Park a few years back. They had an office at Westlands. The MD/CEO then was a Mhindi, but the guys who actually called the shots (driving Range Rovers, of course) were British. With the new ERP system, they cut down on HR costs (down-sized, of course). For instance, anyone without a Masters/MBA could not work in their commercial/finance department!

That company is making money. It is run on strategy and the management are shrewdly conceptive. The only problem KAKUZI has is when the rains fail. Buy if you can. But watch out, this is the NSE!

The CEO (Board) are (mostly) mzungus... I think the jamaa referred to by @jguru is the FD or senior finance guy who @jguru met coz of an audit.

@mm - Dude... there is no muddled strategy... lakini for u I wud advise... stay away... this is not for you!

I wonder if Safaricom will b considered 'muddled' by @mm when MJ leaves coz he retires?

I have the Annual Report for 2008 but the 2009 is also out (I dont have it)... Anyway, look out for 1H 2010 results by 30 Sep 2010...

The high tea prices + weaker KES + high production = Lots of profits!

BTW, Kakuzi also paid off most of their debt/loans coz of high tea prices = cashflow in 2009...