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Longhorn HY 2019 results
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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revenue kshs 697,565,000 up 73% net profit kshs 68,831 up 52% Towards the goal of financial freedom
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Ebenyo wrote:revenue kshs 697,565,000 up 73%
net profit kshs 68,831 up 52%
A chemist shop in town makes more "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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So each month they made a profit of about 5k, which is less than what a house girl makes over the same period.
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Rank: Member Joined: 3/26/2012 Posts: 830
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It's 68.8 million. That's over 11 million in net profit per month. I don't think there are many chemists if any that make over 11 million NET profit per month. Also, Longhorn typically makes most of its money in the second half i.e Jan-June due to the nature of its business. I wont be surprised if the net profit surpasses 200 million in FY. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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hardwood wrote:So each month they made a profit of about 5k, which is less than what a house girl makes over the same period. im sorry for the error.Its kshs 68,831,000 Towards the goal of financial freedom
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Rank: Member Joined: 2/20/2007 Posts: 767
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Hardly a blip on the share price They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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tom_boy wrote:Hardly a blip on the share price https://www.businessdail...990430-3qdomr/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.htmlLonghorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans. It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement. .............. The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan. The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital. 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: 10,684 Location: NAIROBI
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littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.htmlLonghorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans. It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement. .............. The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan. The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital. James Mworia@MworiaJ Longhorns borrowing is Kshs 364mm at an average interest rate of 14%. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Ericsson wrote:littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.htmlLonghorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans. It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement. .............. The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan. The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital. James Mworia@MworiaJ Longhorns borrowing is Kshs 364mm at an average interest rate of 14%. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Mastermind wrote:Ericsson wrote:littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Longhorn-takes-Sh900m-loans-at-16pc-interest/4003102-5262122-dogjfrz/index.htmlLonghorn Publishers has taken bank loans amounting to Sh896.5 million at an average interest rate of 16 percent, significantly above the maximum annual lending rate of 13 percent for commercial bank loans. It was not immediately clear why the Nairobi Securities Exchange-listed firm is incurring finance costs above the legal requirement. .............. The loan is secured by the company (Longhorn) vehicles and attracts interest at 15.75 percent. The loan tenor is 60 months,” Centum said of the SBM loan. The StanChart loan has an interest of 14 percent, is secured by the publisher’s buildings and matures in 12 months. The loan is for working capital. James Mworia@MworiaJ Longhorns borrowing is Kshs 364mm at an average interest rate of 14%. Business daily at it's best Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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@Ericsson, They are right. Check the annual report for Centum Plc https://centum.co.ke/ima..._Annual_Report_FY19.pdf pg 223. What are we (Business daily and yours truly) missing? If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Between James Mworia and Business Daily who is saying the truth Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Ericsson wrote:Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Let him show us what we are missing. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Mastermind wrote:Ericsson wrote:Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Let him show us what we are missing. @vvs would say he has skin in the game Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Longhorns borrowing is Kshs 364mm at an average interest rate of 14%. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:Mastermind wrote:Ericsson wrote:Mastermind wrote:Ericsson wrote:Between James Mworia and Business Daily who is saying the truth Here we go! So Mworia was lying Let him show us what we are missing. @vvs would say he has skin in the game Mworia has 5mn+ shares. Almost 0.75% shareholding. Significant money in Centum. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 1/14/2015 Posts: 16 Location: Ngamia 1
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2:49 EAT
Shares traded: 105K
Share price: Ksh 5.54
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