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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! 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: 157 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: 13,894 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 ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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uchumi		#27 Posted : Monday, July 14, 2025 11:35:39 PM
Rank: Member Joined: 9/16/2006 Posts: 234		The book value is over 230 shillings.Most of the shares are held by institutions hence leaving around 6 percent held by individual investors.Being a target the government want to sell their is possibility of shares going up. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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MaichBlack		#28 Posted : Tuesday, July 15, 2025 11:11:09 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,643		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. I have said it before, anyone who listened to @Obiero's "avoid over exposure to financials" analilia kwa choo while "watching and learning" and marking random dates. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Angelica _ann		#29 Posted : Tuesday, July 15, 2025 12:02:26 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,927		MaichBlack wrote: 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. I have said it before, anyone who listened to @Obiero's "avoid over exposure to financials" analilia kwa choo while "watching and learning" and marking random dates. We got used to it. The negativity and pressure I experienced when I was buying BBK @8.50-10.00 before their transition to ABSA. Do your thing and hold, the reward always comes later. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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VituVingiSana		#30 Posted : Tuesday, July 15, 2025 4:24:12 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,258 Location: Nairobi		MaichBlack wrote: 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. I have said it before, anyone who listened to @Obiero's "avoid over exposure to financials" analilia kwa choo while "watching and learning" and marking random dates. Imagine speaking in KoQe and staying dividend-less for years instead of "over exposure to financials" which paid dividends for all those years! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett**
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obiero		#31 Posted : Tuesday, July 15, 2025 7:39:07 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,894 Location: nairobi		VituVingiSana wrote: MaichBlack wrote: 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. I have said it before, anyone who listened to @Obiero's "avoid over exposure to financials" analilia kwa choo while "watching and learning" and marking random dates. Imagine speaking in KoQe and staying dividend-less for years instead of "over exposure to financials" which paid dividends for all those years! Hehe. Dividends don't give me the kicks. To each their own. I didn't pressure you when you bought Kurwitu. Be kind COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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VituVingiSana		#32 Posted : Wednesday, July 16, 2025 9:53:47 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,258 Location: Nairobi		obiero wrote: VituVingiSana wrote: MaichBlack wrote: 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. I have said it before, anyone who listened to @Obiero's "avoid over exposure to financials" analilia kwa choo while "watching and learning" and marking random dates. Imagine speaking in KoQe and staying dividend-less for years instead of "over exposure to financials" which paid dividends for all those years! Hehe. Dividends don't give me the kicks. To each their own. I didn't pressure you when you bought Kurwitu. Be kind Ati, Kurwitu. Pole sana. KQ then Kurwitu. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett**
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DtheK		#33 Posted : Saturday, August 02, 2025 2:20:47 PM
Rank: Member Joined: 2/15/2010 Posts: 157 Location: Kenya		Apparently things aren't going badly "Q: What were some of the most significant financial highlights or improvements compared to the previous financial year? The most notable improvements include a 120% year-on-year increase in revenue, a 229% growth in gross profit, and a 132% rise in profit before tax, all based on year-to-date performance as of 31st May 2025, pending final yearend closure." Link July newsletter Meanwhile Amsons group owners have taken over the rest of Holcim's stake at 27 bob!?? I would like to believe the deal was sealed when it(EAPC) was trading at below 10. All the same a welcome sign, means they see value.
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