Wazua
»
Investor
»
Stocks
»
Flame Tree Group Buying Spree
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
 Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Quote:About Flame Tree Group
Flame Tree Group is a world class corporation in the heart of Africa developing and providing quality and affordable brands. We are a customer centric, results driven and forward thinking company. We build long term relationships with our customers, our people and our shareholders.
Flame Tree Group is listed under the Growth and Enterprise Market Segment (GEMS) on the Nairobi Securities Exchange (NSE) as NSE: FTGH
It has operations in Kenya, Rwanda, Ethiopia, Mauritius, Mozambique and Dubai. It operates in cosmetics, plastics and trading, with a brand portfolio that includes Roto Tanks, Jojo Plastics, Natures Own Spices, Chigs, Honeycomb, Gonuts, Happy’s, Zoe, Cerro, Alana Skin, Siora, and Buildmart. It was founded in
1989 and now employs over 1,000 people, who are focused on delivering quality, value and innovation to improve their customer’s lives. Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
Pesa Nane wrote:Quote:About Flame Tree Group
Flame Tree Group is a world class corporation in the heart of Africa developing and providing quality and affordable brands. We are a customer centric, results driven and forward thinking company. We build long term relationships with our customers, our people and our shareholders.
Flame Tree Group is listed under the Growth and Enterprise Market Segment (GEMS) on the Nairobi Securities Exchange (NSE) as NSE: FTGH
It has operations in Kenya, Rwanda, Ethiopia, Mauritius, Mozambique and Dubai. It operates in cosmetics, plastics and trading, with a brand portfolio that includes Roto Tanks, Jojo Plastics, Natures Own Spices, Chigs, Honeycomb, Gonuts, Happy’s, Zoe, Cerro, Alana Skin, Siora, and Buildmart. It was founded in
1989 and now employs over 1,000 people, who are focused on delivering quality, value and innovation to improve their customer’s lives. It has triggered my buy price of below 7.00 but i still haven't pulled the trigger. Should the many acquisitions worry potential investors? This company has some healthy margins and churns out a tidy EPS The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Aguytrying wrote:Pesa Nane wrote:Quote:About Flame Tree Group
Flame Tree Group is a world class corporation in the heart of Africa developing and providing quality and affordable brands. We are a customer centric, results driven and forward thinking company. We build long term relationships with our customers, our people and our shareholders.
Flame Tree Group is listed under the Growth and Enterprise Market Segment (GEMS) on the Nairobi Securities Exchange (NSE) as NSE: FTGH
It has operations in Kenya, Rwanda, Ethiopia, Mauritius, Mozambique and Dubai. It operates in cosmetics, plastics and trading, with a brand portfolio that includes Roto Tanks, Jojo Plastics, Natures Own Spices, Chigs, Honeycomb, Gonuts, Happy’s, Zoe, Cerro, Alana Skin, Siora, and Buildmart. It was founded in
1989 and now employs over 1,000 people, who are focused on delivering quality, value and innovation to improve their customer’s lives. It has triggered my buy price of below 7.00 but i still haven't pulled the trigger. Should the many acquisitions worry potential investors? This company has some healthy margins and churns out a tidy EPS Looks cheap BUT 1) Lots of competition in the categories including food, beauty products and tanks. Each category has many competitors. 2) How is FTG financing the deals? [Some IPO cash but then debt?] Pros: Growth areas as construction [tanks, plastics] increases in the region. Food is food. Prepared foods market is growing. And we know as long as we like the ladies put on makeup... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
I just have a simple question: with all these acquisitions, do they have enough human assets to manage everything properly? Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
I read somewhere that they are targeting a rights issue in the next 2 years or so..
|
|
|
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
|
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
The market is suffering. 2020 is going to be tough for FTGH. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Life is short. Live passionately.
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? No need to panic. FY 2019 will be a profit and perhaps a dividend. Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Never sold them. Luckily this was one of my smaller positions so I am not particularly worried. I need to start looking at them again at the sub-2 level but I prefer my "core" holdings. I have been transitioning a larger % into my "Core" picks. 5 comprise 85%+ of my total holdings in value. I don't mind lower prices given there may be value if the firm is doing OK over time. To paraphrase WB: Socks or stocks, I like them at a discount! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Member Joined: 5/31/2011 Posts: 250
|
VituVingiSana wrote:sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Never sold them. Luckily this was one of my smaller positions so I am not particularly worried. I need to start looking at them again at the sub-2 level but I prefer my "core" holdings. I have been transitioning a larger % into my "Core" picks. 5 comprise 85%+ of my total holdings in value. I don't mind lower prices given there may be value if the firm is doing OK over time. To paraphrase WB: Socks or stocks, I like them at a discount! VVS which are your core holdings? Care to share? You lose money chasing women, but you never lose women chasing money - NAS
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Kenyan Oracle wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Never sold them. Luckily this was one of my smaller positions so I am not particularly worried. I need to start looking at them again at the sub-2 level but I prefer my "core" holdings. I have been transitioning a larger % into my "Core" picks. 5 comprise 85%+ of my total holdings in value. I don't mind lower prices given there may be value if the firm is doing OK over time. To paraphrase WB: Socks or stocks, I like them at a discount! VVS which are your core holdings? Care to share? This is a FTG thread but here goes in no particular order: Centum Kenya Re Banks (mid-sized I&M, NIC (now large as NCBA), DTB) Unga The reasons are posted elsewhere. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Member Joined: 5/31/2011 Posts: 250
|
VituVingiSana wrote:Kenyan Oracle wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Never sold them. Luckily this was one of my smaller positions so I am not particularly worried. I need to start looking at them again at the sub-2 level but I prefer my "core" holdings. I have been transitioning a larger % into my "Core" picks. 5 comprise 85%+ of my total holdings in value. I don't mind lower prices given there may be value if the firm is doing OK over time. To paraphrase WB: Socks or stocks, I like them at a discount! VVS which are your core holdings? Care to share? This is a FTG thread but here goes in no particular order: Centum Kenya Re Banks (mid-sized I&M, NIC (now large as NCBA), DTB) Unga The reasons are posted elsewhere. Hebu tag me on the other thread. Dont want to hijack this thread. You lose money chasing women, but you never lose women chasing money - NAS
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Kenyan Oracle wrote:VituVingiSana wrote:Kenyan Oracle wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Never sold them. Luckily this was one of my smaller positions so I am not particularly worried. I need to start looking at them again at the sub-2 level but I prefer my "core" holdings. I have been transitioning a larger % into my "Core" picks. 5 comprise 85%+ of my total holdings in value. I don't mind lower prices given there may be value if the firm is doing OK over time. To paraphrase WB: Socks or stocks, I like them at a discount! VVS which are your core holdings? Care to share? This is a FTG thread but here goes in no particular order: Centum Kenya Re Banks (mid-sized I&M, NIC (now large as NCBA), DTB) Unga The reasons are posted elsewhere. Hebu tag me on the other thread. Dont want to hijack this thread. Please search. I did this in 2018 and 2019. My reasons on why. I may need to update the reasons/logic to reflect changes. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 11/27/2007 Posts: 3,604
|
VituVingiSana wrote:Kenyan Oracle wrote:VituVingiSana wrote:Kenyan Oracle wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Never sold them. Luckily this was one of my smaller positions so I am not particularly worried. I need to start looking at them again at the sub-2 level but I prefer my "core" holdings. I have been transitioning a larger % into my "Core" picks. 5 comprise 85%+ of my total holdings in value. I don't mind lower prices given there may be value if the firm is doing OK over time. To paraphrase WB: Socks or stocks, I like them at a discount! VVS which are your core holdings? Care to share? This is a FTG thread but here goes in no particular order: Centum Kenya Re Banks (mid-sized I&M, NIC (now large as NCBA), DTB) Unga The reasons are posted elsewhere. Hebu tag me on the other thread. Dont want to hijack this thread. Please search. I did this in 2018 and 2019. My reasons on why. I may need to update the reasons/logic to reflect changes. Waiting to see how this turns out. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Sober wrote:VituVingiSana wrote:Kenyan Oracle wrote:VituVingiSana wrote:Kenyan Oracle wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Never sold them. Luckily this was one of my smaller positions so I am not particularly worried. I need to start looking at them again at the sub-2 level but I prefer my "core" holdings. I have been transitioning a larger % into my "Core" picks. 5 comprise 85%+ of my total holdings in value. I don't mind lower prices given there may be value if the firm is doing OK over time. To paraphrase WB: Socks or stocks, I like them at a discount! VVS which are your core holdings? Care to share? This is a FTG thread but here goes in no particular order: Centum Kenya Re Banks (mid-sized I&M, NIC (now large as NCBA), DTB) Unga The reasons are posted elsewhere. Hebu tag me on the other thread. Dont want to hijack this thread. Please search. I did this in 2018 and 2019. My reasons on why. I may need to update the reasons/logic to reflect changes. Waiting to see how this turns out. Centum Kenya Re Banks (mid-sized I&M, NIC (now large as NCBA), DTB) Unga OR FTGH? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote:Sober wrote:VituVingiSana wrote:Kenyan Oracle wrote:VituVingiSana wrote:Kenyan Oracle wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote: The market is suffering. 2020 is going to be tough for FTGH. Are you still in this tuktuk? Never sold them. Luckily this was one of my smaller positions so I am not particularly worried. I need to start looking at them again at the sub-2 level but I prefer my "core" holdings. I have been transitioning a larger % into my "Core" picks. 5 comprise 85%+ of my total holdings in value. I don't mind lower prices given there may be value if the firm is doing OK over time. To paraphrase WB: Socks or stocks, I like them at a discount! VVS which are your core holdings? Care to share? This is a FTG thread but here goes in no particular order: Centum Kenya Re Banks (mid-sized I&M, NIC (now large as NCBA), DTB) Unga The reasons are posted elsewhere. Hebu tag me on the other thread. Dont want to hijack this thread. Please search. I did this in 2018 and 2019. My reasons on why. I may need to update the reasons/logic to reflect changes. Waiting to see how this turns out. Centum Kenya Re Banks (mid-sized I&M, NIC (now large as NCBA), DTB) Unga OR FTGH? Obviously FTGH. Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
@sparkly - Manufacturing in Kenya suffered in 2019 and is still suffering. At best, I expect modest results from FTG for FY19. Nothing to write home about. Except for "sin" manufacturing eg EABL and BAT, I don't think the other manufacturing firms (BOC, Bamburi, EAC, etc) did well in 2019. Even the once unassailable Bamburi has been hurting. On the other hand, at sub-2 (vs 7 at one point), perhaps FTG is well priced. FTG's level of receivables and debt is higher than I would like but if FTG can grow the business without increasing receivables and debt then it looks more attractive. I bought Centum at 28-35 given it looks very attractive compared to the NAV. Kenya Re at 3/- given the low P/B and high PER. Finally, not that it's a guarantee of success (see ARM) but the CEO owns 80%+ which is a lot of skin in the game. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
Flame Tree Group Buying Spree
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|