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Nation Media Group HY 2019 profit down 24%
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. All this are good ideas,so long as the board remains the same they won't see light of the day. The board is still stuck in the old way of doing things Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. We have sang this song for so long here. Whatever happened to N-soko such that olx came and thrived in a space they had established? You know, some years back Kiboro spoke in one of the AGMs and said that his grandchild never reads newspapers and doesnt care for news, yet that same year, he went on to approve the massive newspaper investment. "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: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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murchr wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. We have sang this song for so long here. Whatever happened to N-soko such that olx came and thrived in a space they had established? You know, some years back Kiboro spoke in one of the AGMs and said that his grandchild never reads newspapers and doesnt care for news, yet that same year, he went on to approve the massive newspaper investment. A whole 2 billion down the drain.That's when I realized they had no future.
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? Even banks have been bashed seriously by rate cap. Life is short. Live passionately.
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Rank: Elder Joined: 7/22/2008 Posts: 2,721
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VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Kusadikika wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions. On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River. Life is short. Live passionately.
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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sparkly wrote:Kusadikika wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions. On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River. Taking down the competition
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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watesh wrote:sparkly wrote:Kusadikika wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions. On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River. Taking down the competition Didn't brookside buy Sameer dairy? "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: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? Even banks have been bashed seriously by rate cap. Not yet but... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Nation Media Group HY 2019 profit down 24%
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