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Nation Media Group full year 2018
Rank: Veteran Joined: 7/1/2014 Posts: 920 Location: sky
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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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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Rank: Veteran Joined: 8/10/2014 Posts: 989 Location: Kenya
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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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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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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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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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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
 Towards the goal of financial freedom
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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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Rank: Elder Joined: 6/20/2007 Posts: 2,046 Location: Lagos, Nigeria
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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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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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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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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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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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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Touched 46 intraday. NMG single-handedly sinking my portfolio 
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Rank: Elder Joined: 12/7/2012 Posts: 11,919
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rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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lochaz-index wrote:rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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..
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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sparkly wrote:Ebenyo wrote:rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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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Rank: Elder Joined: 12/7/2012 Posts: 11,919
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Ericsson wrote:sparkly wrote:Ebenyo wrote:rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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.  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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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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sparkly wrote:Ebenyo wrote:rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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Ebenyo wrote:sparkly wrote:Ebenyo wrote:rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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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Rank: Member Joined: 3/20/2008 Posts: 503
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sparkly wrote:Ebenyo wrote:rwitre wrote:Touched 46 intraday. NMG single-handedly sinking my portfolio 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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