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Williamson's Tea Kenya: EPS Ksh 96.42
Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Ninety six shillings forty two cents is the EPS of WTK. That is very huge. But with all these money why give a dividend of six bob? History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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EPS: Somebody say whoop, whoop! As for the Dividend.... WTF???? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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Good performance. Am now waiting for Limuru Tea. I at least have 3000 of LT. Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Surealligator wrote:Good performance. Am now waiting for Limuru Tea. I at least have 3000 of LT. I bow down to you! At least 3,000 Limuru Tea!!! My calculator cant take all the zeros! What did u get in at? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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As expected good results,but the dividend per share only 6 bob .Given EPS from operations was 64 shillings i expected better.Maybe the share price will follow the good results upwards.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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cnn wrote:As expected good results,but the dividend per share only 6 bob .Given EPS from operations was 64 shillings i expected better.Maybe the share price will follow the good results upwards. Not likely with only 6/- dividend... The dividend payout is lower than some firms dividend yield... 6/- on a share costing 215/- is less than 3%.. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@VVS here we go ,first trade at 227 and then 249,i still believe!
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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cnn wrote:@VVS here we go ,first trade at 227 and then 249,i still believe! Subsequent trades at 230/-. Nothing for kapchorua. The bid is even lower than the prior closing price! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Kapchorua with EPS from operations of 32 half that of WTK,will pay 6.25 per share as dividend,same as WTK.These companies share a board of directors and i wish to know why WTK shareholders have been short changed on this one.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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cnn wrote:Kapchorua with EPS from operations of 32 half that of WTK,will pay 6.25 per share as dividend,same as WTK.These companies share a board of directors and i wish to know why WTK shareholders have been short changed on this one. Everyone has been short-changed on this one... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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I am going to be at the AGM blowing a vuvuzela in the years of the bloody lousy Board... The jamaa at rich.co.ke (a large shareholder is also pissed)... Check the vid on his blog & google reuters as well... WTK - min div shud be 20/- KTL - min div shud be 9/- Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/17/2008 Posts: 7 Location: Texas
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Aly Khan not a happy investor...... May be he can rally investors to vote out some board members. He seems to be heavily invested in agricultural stocks.
Superb results as was expected but terrible dividend payment policy.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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minto64 wrote:Aly Khan not a happy investor...... May be he can rally investors to vote out some board members. He seems to be heavily invested in agricultural stocks.
Superb results as was expected but terrible dividend payment policy.
Not enough minority shares since Board is controlled (50%+) by UK parent. http://www.finanznachric...eat-performance-020.htm
Aly Khan Satchu, an independent analyst said the proposed dividend for Williamson's shares did not meet expectations. 'The dividend pay out of 6.25 per share was a 'crass' mistake for which there is simply no justification,' he said.
He cited Williamson's earnings per share of 96.42 shillings from 12.62 shillings previously for his dissatisfaction with the proposed dividend. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@vvs,iam also furious at the dividend fiasco.As an investor i bought into the company to get returns.When the directors show me huge profits and then pay peanuts i am mad at them unless they show me what else they want to do with the money retained.I have been trying the whole afternoon to get the shareholding struture with little luck.Shareholders need an explanation on this.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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@cnn - I cant find my Annual Report for 2008-9 but Ngong Tea (subsidiary of UK parent) has 55% or so... alykhan satchu is top 10... I wish I were! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VVS, I thought your target price was 200 ama after those STUNNING results you have a new target price? I also noticed that they said they were not going to match last years performance in the current financial year. Won't that lead to a drop in the share price this time next year? But I agree the dividend was a joke. GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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They never seem to give good expectations going forward looking at the last two half year and also the last two full year results.I dont expect that much drop in profitability,they are selling more tea albeit at slightly reduced prices,the weaker shilling also renders support though that could be offset by imported inputs.Even if EPS dropped by 100%,we will be talking 32 shillings earnings from operations!.If only they can explain the low dividend.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Like @cnn said... I have NEVER seen them say anything positive... It is like they want to think the company is going to collapse... I have the past 3 years of results & they ALWAYS bitch about labour, fuel & inputs... Whether they make 5/-, 10/- or 96/-... they 'lower' expectations... OK, fine BUT pay me a effing dividend that matches earnings/cashflow... @cnn - Erm, a 100% drop = ZERO EPS... u mean 50% drop... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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@you - Revised coz 96 EPS vs 250 share price is historic PER 2.5 (cheapest anywhere!) Now... if profits down 50% still PER of only 5 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I would like to caution Agric wannabe investors to be cautious with what they buy...this counters are Fickle...
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Williamson's Tea Kenya: EPS Ksh 96.42
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