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Nation Media Group HY 2019 profit down 24%
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Ericsson
#101 Posted : Monday, March 08, 2021 12:06:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
mlennyma wrote:
After gamblers make the share recover, the buyout plan will be shelved


Share price on reverse gear.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Queen
#102 Posted : Tuesday, March 09, 2021 1:49:35 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
Ericsson wrote:
mlennyma wrote:
After gamblers make the share recover, the buyout plan will be shelved


Share price on reverse gear.


And the reversal has been brutal.
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obiero
#103 Posted : Friday, March 12, 2021 6:23:26 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,515
Location: nairobi
Queen wrote:
Ericsson wrote:
mlennyma wrote:
After gamblers make the share recover, the buyout plan will be shelved


Share price on reverse gear.


And the reversal has been brutal.

Kaa mbali sana

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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please_call_me
#104 Posted : Friday, March 12, 2021 10:58:54 AM
Rank: Hello


Joined: 6/16/2019
Posts: 8
Queen wrote:
Ericsson wrote:
mlennyma wrote:
After gamblers make the share recover, the buyout plan will be shelved


Share price on reverse gear.


And the reversal has been brutal.


Hii itacheza kama ScanGroup last year after 8 bob dividends. Kurushia kuku mahindi
You kill bird...bird dead snake come.
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Ebenyo
#105 Posted : Tuesday, March 16, 2021 11:23:38 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
sparkly wrote:
maka wrote:
sparkly wrote:
Ebenyo wrote:
Ericsson wrote:
https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1

NMG wants to do a share buyback of 10% of its issued shares to boost the share price



Good move.As long as they buy in a good price that represent fair value of the company.


The lower the buying price, the better for them. I will througn in a few coins to lower by ABP which stands at around 52 bob.



Wueeeh hapa mulichomeka.Sad


Kuungua my fren. My capital loss is KShs 250k 😪😪😪


https://pbs.twimg.com/me...at=jpg&name=900x900

Omba wanunue at ksh.60



The NAV of 2019 results was 41.So they won't buy below 41
Towards the goal of financial freedom
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KulaRaha
#106 Posted : Wednesday, March 17, 2021 8:39:23 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Having an analogue board in a digital world is suicide.
Business opportunities are like buses,there's always another one coming
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mlennyma
#107 Posted : Wednesday, March 17, 2021 9:49:26 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Was it not wise and economical for this guys to start the buyback quietly at low prices instead of blowing the trumpet?
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#108 Posted : Wednesday, March 17, 2021 10:40:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
mlennyma wrote:
Was it not wise and economical for this guys to start the buyback quietly at low prices instead of blowing the trumpet?
Are they legally allowed to do so?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Elephant Man
#109 Posted : Wednesday, March 17, 2021 4:43:43 PM
Rank: Member


Joined: 12/24/2008
Posts: 112
NMG/Jubilee/DTB/Serena - same wazzap group?

Share prices on all have taken a hammering over the last couple of years...
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Ebenyo
#110 Posted : Wednesday, March 17, 2021 5:06:44 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
VituVingiSana wrote:
mlennyma wrote:
Was it not wise and economical for this guys to start the buyback quietly at low prices instead of blowing the trumpet?
Are they legally allowed to do so?



No.CMA must be involved.
Towards the goal of financial freedom
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aemathenge
#111 Posted : Wednesday, August 25, 2021 10:27:47 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
"Is this the long awaited inflexion Point?"

Quote:
PERFORMANCE
The recovery in business performance that started in the second half of 2020 has continued to hold up to June 2021, mainly attributable to growth in print and television advertising revenue, digital advertising revenue, E paper and Nation.Africa subscriptions.

Commentary

Advertisers faced devastating financial challenges, scaled down operations and held back marketing activities in a fight for survival and several closed down...

Translated roughly The traditional advertising and media cheese model has moved for good.


Source: https://www.rich.co.ke/rcdata/company.php?i=MTA%3D
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My 2 cents
#112 Posted : Wednesday, August 25, 2021 11:17:42 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Interim Dividend?
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Ebenyo
#113 Posted : Wednesday, August 25, 2021 11:21:18 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
[quote=aemathenge]"Is this the long awaited inflexion Point?"

Quote:
PERFORMANCE
The recovery in business performance that started in the second half of 2020 has continued to hold up to June 2021, mainly attributable to growth in print and television advertising revenue, digital advertising revenue, E paper and Nation.Africa subscriptions.

Commentary

Advertisers faced devastating financial challenges, scaled down operations and held back marketing activities in a fight for survival and several closed down...

Translated roughly The traditional advertising and media cheese model has moved for good.


Source: https://www.rich.co.ke/r...ta/company.php?i=MTA%3D[/quote]

The turnaround is paying off
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My 2 cents
#114 Posted : Wednesday, August 25, 2021 6:54:31 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Lots of cash on the balance sheet and they still dont declare an interim. Perhaps they don't want to excite the share price before they complete their buybacks. They talk about future investments blah blah blah; they really should be more aggressive in the buyback scheme. Like buying more than 1 billion upwards worth - rather than the paltry 400M that is currently ongoing.
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Ebenyo
#115 Posted : Wednesday, August 25, 2021 6:58:19 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
My 2 cents wrote:
Lots of cash on the balance sheet and they still dont declare an interim. Perhaps they don't want to excite the share price before they complete their buybacks. They talk about future investments blah blah blah; they really should be more aggressive in the buyback scheme. Like buying more than 1 billion upwards worth - rather than the paltry 400M that is currently ongoing.

Towards the goal of financial freedom
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My 2 cents
#116 Posted : Wednesday, August 25, 2021 6:58:46 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
It sort of shows lack of long-term thinking when in 2020 they give a 1-10 bonus, hence creating more shares. Then in 2021 turn around and mop up 10% of the share pool. Lack of foresight, lack of direction. Kuyumbayumba tu. I cringe when I read their annual reports, littered with pictures of old men in oversize suits trying to steer an old and dying business model in a new digital age. Laughable. They should hand the strategic thinking for this company to younger folks.
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VituVingiSana
#117 Posted : Wednesday, August 25, 2021 7:21:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Elephant Man wrote:
NMG/Jubilee/DTB/Serena - same wazzap group?

Share prices on all have taken a hammering over the last couple of years...
Most NSE counters have been hammered regardless of financial performance.

Of the 4...

TPSEA got whacked out of the blue esp COVID. And the problems started with PEV2008 when tourism was devastated.

Jubilee is the best financial performer. Lots of cash equivalents and cash-earning assets.

DTB is all about self-inflicted wounds.

NMG is in an industry that started dying years ago. Even its other foreign counterparts have been hurt. Warren Buffett gave up and sold off Berkshire's media assets.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#118 Posted : Wednesday, August 25, 2021 7:29:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
My 2 cents wrote:
It sort of shows lack of long-term thinking when in 2020 they give a 1-10 bonus, hence creating more shares. Then in 2021 turn around and mop up 10% of the share pool. Lack of foresight, lack of direction. Kuyumbayumba tu. I cringe when I read their annual reports, littered with pictures of old men in oversize suits trying to steer an old and dying business model in a new digital age. Laughable. They should hand the strategic thinking for this company to younger folks.

I found this odd too. They should have paid a dividend instead. That said, the buyback does amount to a tax-free dividend of sorts if you sell your "bonus" to NMG but I agree it doesn't make sense to me.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#119 Posted : Wednesday, August 25, 2021 7:30:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
My 2 cents wrote:
Lots of cash on the balance sheet and they still dont declare an interim. Perhaps they don't want to excite the share price before they complete their buybacks. They talk about future investments blah blah blah; they really should be more aggressive in the buyback scheme. Like buying more than 1 billion upwards worth - rather than the paltry 400M that is currently ongoing.

On the interim dividend, it may not be on their agenda. I like interim dividends but they are a lot of work for nothing for listed firms when one considers the costs of paying dividends.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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My 2 cents
#120 Posted : Wednesday, August 25, 2021 7:42:50 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
In more developed capital markets, most dividends are actually paid quarterly. In Kenya, the holdings per investor are too small so perhaps interims are not worth the processing hustle. But it does mean that dividend liquidity in the economy is concentrated in may/jun when most banks and other companies pay out a final. Am glad the CBK made Safaricom split theirs in two this year.
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