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Williamson Tea & Kapchorua
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VituVingiSana
#31 Posted : Saturday, June 29, 2019 10:25:02 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Superprime1 wrote:
VituVingiSana wrote:
Superprime1 wrote:
VituVingiSana wrote:
FUNKY wrote:
Williamson tea might pull a surprise by declaring juicy dividend given their huge cash at bank
The most one can reasonably expect is the same as FY 2018. Both WTK and KTC have cash in the bank.

Even that is being a bit too optimistic; a 50% cut in dividend might perhaps suffice. Realistic in this scenario. Yet, this would still be a good yield. My thoughts.

WTK FY 2019 Div 20/-
KTC FY 2019 Div 10/- Drool Applause Drool Applause

Absolutely awesome, sweet dividend! By all means I didn't anticipate considering the performance outlook, but as they said, "persistent demand for higher dividend during times of good performance" made them decide to maintain last year's payout from retained earnings.

Good stuff from these ever-pessimistic people!Applause Applause Applause

Laughing out loudly They are always crying and making shareholders cry with joy too! Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#32 Posted : Wednesday, July 10, 2019 10:16:57 PM
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Joined: 4/30/2010
Posts: 1,635
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Ericsson
#33 Posted : Wednesday, July 10, 2019 11:37:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
..
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Fyatu
#34 Posted : Thursday, July 11, 2019 7:59:26 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
when is Kapchorua paying dividends?
Dumb money becomes dumb only when it listens to smart money
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Pesa Nane
#35 Posted : Thursday, July 11, 2019 10:40:22 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Fyatu wrote:
when is Kapchorua paying dividends?


Bado! Book closure is 31 July 2019
Pesa Nane plans to be shilingi when he grows up.
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Fyatu
#36 Posted : Thursday, July 11, 2019 11:02:12 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Pesa Nane wrote:
Fyatu wrote:
when is Kapchorua paying dividends?


Bado! Book closure is 31 July 2019


Shukran
Dumb money becomes dumb only when it listens to smart money
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Superprime1
#37 Posted : Wednesday, July 17, 2019 3:15:07 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
Kapchorua now trading at a premium over the sibling (or is it parent?) WTK.

Those chasing dividend would be better of buying WTK, a sligtly higher yield. But then again, this is the market.
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VituVingiSana
#38 Posted : Thursday, February 20, 2020 1:02:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Six-month tea export earnings fall by Sh100m

https://www.businessdail...1822-1cs4djz/index.html

It's going to be very, very ugly for WTK and KTC
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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tandich
#39 Posted : Thursday, February 20, 2020 10:49:03 AM
Rank: Member

Joined: 5/6/2008
Posts: 199
I quote Kakuzi Plc Chairman’s Statement for the period of six months to 30 June 2019

Quote:
Tea operations remain under pressure given the record volumes in the Kenyan market, coupled with political and currency volatility in some of our export markets. The outlook for tea this year is a concern.


Quote:
Whilst the Company is less exposed to tea the extreme decline in tea prices is of great concern. Average Mombasa tea prices have in recent months reduced to levels not seen for ten years.
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Superprime1
#40 Posted : Thursday, February 20, 2020 5:44:36 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
VituVingiSana wrote:
Six-month tea export earnings fall by Sh100m

https://www.businessdail...1822-1cs4djz/index.html

It's going to be very, very ugly for WTK and KTC


Indeed, it'll be very ugly, and messy, this time! What to do, na tuko ndani? d'oh!
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