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Nation Media Group HY 2019 profit down 24%
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VituVingiSana
#41 Posted : Thursday, August 29, 2019 10:28:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
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.
Except the bank/s that were lending via M-Pesa and M-Shwari! Which ones were heavily into that business?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#42 Posted : Friday, August 30, 2019 1:09:58 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:
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?


They bought Sameer Dairy Uganda operations. Seems they have set their eyes on Sameer Dairy Kenya operations. State capture with impunity.
Life is short. Live passionately.
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Ericsson
#43 Posted : Friday, August 30, 2019 6:54:24 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
murchr wrote:
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?


They bought Sameer Dairy Uganda operations. Seems they have set their eyes on Sameer Dairy Kenya operations. State capture with impunity.

Kenyatta family and Merali are friends/buddies.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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chiaroscuro
#44 Posted : Friday, August 30, 2019 9:11:34 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
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.



Who is the majority shareholder in NMG?

Think about that first.
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Ebenyo
#45 Posted : Friday, August 30, 2019 9:34:20 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
chiaroscuro 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.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.
Towards the goal of financial freedom
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VituVingiSana
#46 Posted : Friday, August 30, 2019 10:15:40 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
sparkly wrote:
murchr wrote:
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?


They bought Sameer Dairy Uganda operations. Seems they have set their eyes on Sameer Dairy Kenya operations. State capture with impunity.

Kenyatta family and Merali are friends/buddies.
People fall out over money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  |
chiaroscuro
#47 Posted : Friday, August 30, 2019 10:27:33 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Ebenyo wrote:
chiaroscuro 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.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.


True. Now think about that and the battle with the Kenyatta's Mediamax....

What else does Aga Khan own in Kenya - other than the usual suspects [Jubilee Ins, BTB, IPB] there are many other crucial investments....

Now let's think about that and try to guess if the Kenyatta's would be wise to pick a fight with NMG

I don't think NMG's challenges are from the competition. The entire media industry is undergoing a major shift globally. Revenue streams are steadily declining and so are profits.

Only the smart ones will survive this shift. Do not assume that Mediamax is doing well. Ask yourself why they felt the need to make People Daily a free sheet.... They weren't selling much.

Standard Group is performing much worse. Earlier this year they almost shut down the paper due to losses. [KTN is their cash cow].

The question really is whether any traditional media house will survive the next 10 years.
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  | | Edit by user: Friday, August 30, 2019 10:32 AM | Reason: spelling
sparkly
#48 Posted : Friday, August 30, 2019 11:58:52 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
chiaroscuro wrote:
Ebenyo wrote:
chiaroscuro 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.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.


True. Now think about that and the battle with the Kenyatta's Mediamax....

What else does Aga Khan own in Kenya - other than the usual suspects [Jubilee Ins, BTB, IPB] there are many other crucial investments....

Now let's think about that and try to guess if the Kenyatta's would be wise to pick a fight with NMG

I don't think NMG's challenges are from the competition. The entire media industry is undergoing a major shift globally. Revenue streams are steadily declining and so are profits.

Only the smart ones will survive this shift. Do not assume that Mediamax is doing well. Ask yourself why they felt the need to make People Daily a free sheet.... They weren't selling much.

Standard Group is performing much worse. Earlier this year they almost shut down the paper due to losses. [KTN is their cash cow].

The question really is whether any traditional media house will survive the next 10 years.


Don't underestimate state power. NMG were locked out of digital migration deal. Nation TV was shut down during the people's president swearing in. GOK started printing it's own paper, circulated "for free" in the People Daily. GOK owes hundreds of millions in unpaid bills to GOK.
Life is short. Live passionately.
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watesh
#49 Posted : Friday, August 30, 2019 12:14:00 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
chiaroscuro wrote:
Ebenyo wrote:
chiaroscuro 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.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.


True. Now think about that and the battle with the Kenyatta's Mediamax....

What else does Aga Khan own in Kenya - other than the usual suspects [Jubilee Ins, BTB, IPB] there are many other crucial investments....

Now let's think about that and try to guess if the Kenyatta's would be wise to pick a fight with NMG

I don't think NMG's challenges are from the competition. The entire media industry is undergoing a major shift globally. Revenue streams are steadily declining and so are profits.

Only the smart ones will survive this shift. Do not assume that Mediamax is doing well. Ask yourself why they felt the need to make People Daily a free sheet.... They weren't selling much.

Standard Group is performing much worse. Earlier this year they almost shut down the paper due to losses. [KTN is their cash cow].

The question really is whether any traditional media house will survive the next 10 years.

They will survive only if their digital platforms start generating as much revenue as their traditional newspaper ventures. For NMG they have to try and create a better platform to run ads directly and cut out the middle man (Google Adsense) who takes 45% of the cut. Run adsense as a back up. They should make it easy for small businesses to advertise on their sites for even as little as 1,000 bob. If they can get the platform to geo-target different locations in Kenya such that one can advertise to people in a specific area (county), the better. Digital has so much opportunity, its just more on the execution that they need to pull up their socks. It so much easier to advertise on Facebook and Instagram for as little as Ksh500. NMG should invest in a platform with similar capabilites for advertisers.
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chiaroscuro
#50 Posted : Friday, August 30, 2019 12:30:25 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
sparkly wrote:
chiaroscuro wrote:
Ebenyo wrote:
chiaroscuro 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.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.


True. Now think about that and the battle with the Kenyatta's Mediamax....

What else does Aga Khan own in Kenya - other than the usual suspects [Jubilee Ins, BTB, IPB] there are many other crucial investments....

Now let's think about that and try to guess if the Kenyatta's would be wise to pick a fight with NMG

I don't think NMG's challenges are from the competition. The entire media industry is undergoing a major shift globally. Revenue streams are steadily declining and so are profits.

Only the smart ones will survive this shift. Do not assume that Mediamax is doing well. Ask yourself why they felt the need to make People Daily a free sheet.... They weren't selling much.

Standard Group is performing much worse. Earlier this year they almost shut down the paper due to losses. [KTN is their cash cow].

The question really is whether any traditional media house will survive the next 10 years.


Don't underestimate state power. NMG were locked out of digital migration deal. Nation TV was shut down during the people's president swearing in. GOK started printing it's own paper, circulated "for free" in the People Daily. GOK owes hundreds of millions in unpaid bills to GOK.


No. They were NOT locked out of the deal. They messed up and locked themselves out. They had been offered a chance to bid but did not take it seriously. Their bid was incompetently and hurriedly done - didn't even attache audited financial statements!

Then the silly move of going to court...albeit their right to do so, it was very unwise on their part. Also done in a hurry after Aga Khan expressed dismay at NMG missing the chance to get Digital Carrier licence.

Anyway, that is now water under the bridge....
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