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Nation Media Group full year 2018
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littledove
#1 Posted : Wednesday, April 17, 2019 10:00:25 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
NMG MAKES Ksh1.6bn profit before tax for 2018, down 16.4pc mostly due to bad debt by the government.

NMG BOARD proposes Sh5 dividend after posting Sh1.6bn profit before tax for 2018, down 16.4pc due to depressed regional economies.

"Performance was adversely impacted by depressed regional economies and the discontinuation of Government advertising from July 2018 due to non-payment of debts" - Tobiko
"NMG will invest about $ 2 million on digital infrastructure and assets." - Group Finance Director, Richard Tobiko
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson
#2 Posted : Wednesday, April 17, 2019 10:53:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
littledove wrote:
NMG MAKES Ksh1.6bn profit before tax for 2018, down 16.4pc mostly due to bad debt by the government.

NMG BOARD proposes Sh5 dividend after posting Sh1.6bn profit before tax for 2018, down 16.4pc due to depressed regional economies.

"Performance was adversely impacted by depressed regional economies and the discontinuation of Government advertising from July 2018 due to non-payment of debts" - Tobiko
"NMG will invest about $ 2 million on digital infrastructure and assets." - Group Finance Director, Richard Tobiko


"Revenues for digital grew by 13 per cent in 2018 compared to 2017."
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#3 Posted : Wednesday, April 17, 2019 11:24:23 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
littledove wrote:
NMG MAKES Ksh1.6bn profit before tax for 2018, down 16.4pc mostly due to bad debt by the government.

NMG BOARD proposes Sh5 dividend after posting Sh1.6bn profit before tax for 2018, down 16.4pc due to depressed regional economies.

"Performance was adversely impacted by depressed regional economies and the discontinuation of Government advertising from July 2018 due to non-payment of debts" - Tobiko
"NMG will invest about $ 2 million on digital infrastructure and assets." - Group Finance Director, Richard Tobiko

The bleeding continues
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Balaa
#4 Posted : Wednesday, April 17, 2019 1:07:56 PM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Anyone know yet if the 5bob is final div or total div for 2018?
If it don't make dollars, it don't make sense
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Ebenyo
#5 Posted : Wednesday, April 17, 2019 6:34:20 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
littledove wrote:
NMG MAKES Ksh1.6bn profit before tax for 2018, down 16.4pc mostly due to bad debt by the government.

NMG BOARD proposes Sh5 dividend after posting Sh1.6bn profit before tax for 2018, down 16.4pc due to depressed regional economies.

"Performance was adversely impacted by depressed regional economies and the discontinuation of Government advertising from July 2018 due to non-payment of debts" - Tobiko
"NMG will invest about $ 2 million on digital infrastructure and assets." - Group Finance Director, Richard Tobiko



Sad Sad
Towards the goal of financial freedom
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murchr
#6 Posted : Wednesday, April 17, 2019 7:00:54 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Which business is making money which is not?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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young
#7 Posted : Thursday, April 18, 2019 3:22:56 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Balaa wrote:
Anyone know yet if the 5bob is final div or total div for 2018?


LATEST 2018
Interim 1.50bob
Final. 3.50 Bob (just declared)

IN 2017
Interim 2.50 Bob
Final. 7.50 Bob


The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Balaa
#8 Posted : Thursday, April 18, 2019 8:56:28 AM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Thanks@young.
Seems like it was a matter of time before this dividend aristocrat slashed the dividend payable. With sliding profitability the Writing has been on the wall.
If it don't make dollars, it don't make sense
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rwitre
#9 Posted : Thursday, April 18, 2019 10:28:13 AM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
young wrote:
Balaa wrote:
Anyone know yet if the 5bob is final div or total div for 2018?


LATEST 2018
Interim 1.50bob
Final. 3.50 Bob (just declared)

IN 2017
Interim 2.50 Bob
Final. 7.50 Bob




Dividends to soothe us. That AGM will be fire.




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rwitre
#10 Posted : Thursday, June 20, 2019 12:21:50 PM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray
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Angelica _ann
#11 Posted : Thursday, June 20, 2019 12:27:31 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray


Pole sana, lack of innovation and adapting to the changing environment. No signs of improvement in the near future.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ebenyo
#12 Posted : Thursday, June 20, 2019 12:35:23 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray




you are not alone.Hata Mimi hapa naumia mbaya.My current ABP is 101 against the current price of 46.Sijui @sparky ako aje hapa.
Towards the goal of financial freedom
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lochaz-index
#13 Posted : Thursday, June 20, 2019 12:42:05 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray

Brutal collapse on this one. From highs of 300 as a supposed 'blue chip' in 2014 it is on the verge of a 90% erosion of shareholders wealth.
The main purpose of the stock market is to make fools of as many people as possible.
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obiero
#14 Posted : Thursday, June 20, 2019 12:45:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,517
Location: nairobi
lochaz-index wrote:
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray

Brutal collapse on this one. From highs of 300 as a supposed 'blue chip' in 2014 it is on the verge of a 90% erosion of shareholders wealth.

Yasserbigchair warned on this one. Take heart boss..

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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sparkly
#15 Posted : Thursday, June 20, 2019 12:50:39 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ebenyo wrote:
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray




you are not alone.Hata Mimi hapa naumia mbaya.My current ABP is 101 against the current price of 46.Sijui @sparky ako aje hapa.


50% below water. My ABP is 92.
Life is short. Live passionately.
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Ericsson
#16 Posted : Thursday, June 20, 2019 1:37:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
sparkly wrote:
Ebenyo wrote:
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray




you are not alone.Hata Mimi hapa naumia mbaya.My current ABP is 101 against the current price of 46.Sijui @sparky ako aje hapa.


50% below water. My ABP is 92.

Blood in the streets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#17 Posted : Thursday, June 20, 2019 1:50:21 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
sparkly wrote:
Ebenyo wrote:
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray




you are not alone.Hata Mimi hapa naumia mbaya.My current ABP is 101 against the current price of 46.Sijui @sparky ako aje hapa.


50% below water. My ABP is 92.

Blood in the streets


I see it sliding to lower 30's. Watching from the sidelines. smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ebenyo
#18 Posted : Thursday, June 20, 2019 1:51:04 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
sparkly wrote:
Ebenyo wrote:
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray




you are not alone.Hata Mimi hapa naumia mbaya.My current ABP is 101 against the current price of 46.Sijui @sparky ako aje hapa.


50% below water. My ABP is 92.



The only solution for us is to average down kabisa.
And nowadays NTV is on Facebook.The challenge is to turn digital exposure into revenues.
GAA paid them half the money and they have renewed business.Thats good as long as they will pay on time.
And how are the media companies worldwide coping with digital disruptions? e.g New York times,Washington post and others?
Towards the goal of financial freedom
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Ericsson
#19 Posted : Thursday, June 20, 2019 1:53:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ebenyo wrote:
sparkly wrote:
Ebenyo wrote:
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray




you are not alone.Hata Mimi hapa naumia mbaya.My current ABP is 101 against the current price of 46.Sijui @sparky ako aje hapa.


50% below water. My ABP is 92.



The only solution for us is to average down kabisa.
And nowadays NTV is on Facebook.The challenge is to turn digital exposure into revenues.
GAA paid them half the money and they have renewed business.Thats good as long as they will pay on time.
And how are the media companies worldwide coping with digital disruptions? e.g New York times,Washington post and others?


Problem of NMG is content.It's wanting.
Their cash cow is still Daily Newspaper.
Their prime time news is usually biased.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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xxxxx
#20 Posted : Thursday, June 20, 2019 1:58:25 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
sparkly wrote:
Ebenyo wrote:
rwitre wrote:
Touched 46 intraday.

NMG single-handedly sinking my portfolio Pray Pray




you are not alone.Hata Mimi hapa naumia mbaya.My current ABP is 101 against the current price of 46.Sijui @sparky ako aje hapa.


50% below water. My ABP is 92.


Despite the fact that prima facie it sounds like an attractive opportunity to average down, I'd get out fast if I were you. Industry dynamics don't portend a recovery anytime soon. Being a long term investor, you are entitled to more peace of mind than is offered by this security. On NMG, right now, being greedy when everyone is fearful doesn't apply
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