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EA Portland Cement Company - Going, Going, Gone?
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Aguytrying
#21 Posted : Sunday, December 29, 2013 7:19:16 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Portland maybe be a good buy when it gets hammered properly . as a takeover target.
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#22 Posted : Sunday, December 29, 2013 8:53:36 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Aguytrying wrote:
Portland maybe be a good buy when it gets hammered properly . as a takeover target.


This is the main reason I haven't used my sales proceeds from Portland to buy anything else!

I know we are likely to go back below 45bob again and ill be back when we do! smile
Mark 12:29
Deuteronomy 4:16
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murchr
#23 Posted : Thursday, August 28, 2014 5:05:16 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Business Daily wrote:
The East African Portland Cement Company (EAPCC) is set to hire a consultant to carry out a forensic audit of its books on claims of improper accounting at the firm that saw shareholders go without dividend payment in the year to June 2013.

The Nairobi bourse listed cement maker which is majority State-owned is considering engaging Deloitte & Touché —the new auditors of the company for the year to June 2014— to examine EAPCC’s previous financial records for any malpractices.
"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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hisah
#24 Posted : Thursday, August 28, 2014 5:39:19 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
murchr wrote:
Business Daily wrote:
The East African Portland Cement Company (EAPCC) is set to hire a consultant to carry out a forensic audit of its books on claims of improper accounting at the firm that saw shareholders go without dividend payment in the year to June 2013.

The Nairobi bourse listed cement maker which is majority State-owned is considering engaging Deloitte & Touché —the new auditors of the company for the year to June 2014— to examine EAPCC’s previous financial records for any malpractices.

Starts to look like CMC and a sure enterprise corruption candidate.

Volume and price trend will tell the story.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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DtheK
#25 Posted : Friday, July 04, 2025 4:05:44 PM
Rank: Member


Joined: 2/15/2010
Posts: 148
Location: Kenya
Aiming to replicate guru267's success here.
Cons
Can't trust management.
So much land Wan*** tried to install his own conflicted CEO.
Pro
Land, 21B of investment property, to the best of my knowledge it's all to be sold.
KCB loan already swapped for land, employees dues also in the process.
Currently profitable core operations.
Last year's dividend gives some confidence(did they actually pay?).
In all a risky bet based on the investment philosophy of "Surely they can't steal everything".
On a lighter note back in 2013(earlier in this thread) @Obiero was still warning about over exposure to financials.
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obiero
#26 Posted : Friday, July 04, 2025 5:57:44 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,747
Location: nairobi
DtheK wrote:
Aiming to replicate guru267's success here.
Cons
Can't trust management.
So much land Wan*** tried to install his own conflicted CEO.
Pro
Land, 21B of investment property, to the best of my knowledge it's all to be sold.
KCB loan already swapped for land, employees dues also in the process.
Currently profitable core operations.
Last year's dividend gives some confidence(did they actually pay?).
In all a risky bet based on the investment philosophy of "Surely they can't steal everything".
On a lighter note back in 2013(earlier in this thread) @Obiero was still warning about over exposure to financials.

Hehe. Wazee hukumbuka. Watch what I do, not what I say

COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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