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WTK/KAPCHORUA FULL YEAR
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cnn
#1 Posted : Monday, June 20, 2011 10:01:38 AM
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A modest 9% rise for WTK full year profits.At least they have doubled the dividend to 12.50.
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FUNKY
#2 Posted : Monday, June 20, 2011 10:27:40 AM
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CNN..any info bt Kapchorua tea?
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Sure
#3 Posted : Monday, June 20, 2011 10:35:40 AM
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cnn wrote:
A modest 9% rise for WTK full year profits.At least they have doubled the dividend to 12.50.



Kameme, I assume Kapchorua has given 12.50 also. What about Limuru Tea, why don't they announce their results at the same time as these two as they are related in all aspects?
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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guru267
#4 Posted : Monday, June 20, 2011 10:50:56 AM
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FUNKY wrote:
CNN..any info bt Kapchorua tea?


Kapchorua EPS +35% to 47bob
final dividend of 7.50
Mark 12:29
Deuteronomy 4:16
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mwanahisa
#5 Posted : Monday, June 20, 2011 10:52:25 AM
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I haven't had time to study these results but on the basis of a casual look I would say they are pretty good considering the previous period the results were simply amazing. DPS is also significantly improved which is good. A bonus would also have been nice!

The only thing in common Limuru Tea has with WTK and KAPC are that they are in the same business. Limuru Tea is controlled by Unilever and has a 31st December year-end, so results are not due.

Sure wrote:
cnn wrote:
A modest 9% rise for WTK full year profits.At least they have doubled the dividend to 12.50.



Kameme, I assume Kapchorua has given 12.50 also. What about Limuru Tea, why don't they announce their results at the same time as these two as they are related in all aspects?
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VituVingiSana
#6 Posted : Monday, June 20, 2011 12:32:18 PM
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PER of (less than) 2.5 for both firms!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#7 Posted : Monday, June 20, 2011 12:48:38 PM
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9% i'm not impressed buy at your own peril http://af.reuters.com/ar...ws/idAFLDE75J05R20110620
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VituVingiSana
#8 Posted : Monday, June 20, 2011 1:14:00 PM
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[quote=the deal]9% i'm not impressed buy at your own peril http://af.reuters.com/ar...s/idAFLDE75J05R20110620[/quote]As a long-term shareholder, I am very happy with the performance. A huge part is biological gains but Tea Prices are steady in 1Q 2011-12 [though lower production due to lack of rain]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#9 Posted : Monday, June 20, 2011 2:09:41 PM
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We all agree now that tea stocks are not a good hedge against the weak Sh but KQ still is...Ok as long as Oil remains above 100$/barrel.
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mwanahisa
#10 Posted : Monday, June 20, 2011 2:35:55 PM
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Like VVS as a long term shareholder, I am happy with WTK's performance. I did not expect an increase in profits considering just how good WTK results were in 2010. But at the low PE and NBV levels, this is surely a share to keep.

As with all agrics, the future is always uncertain so I would most certainly not be advising others to jump in at this point.

I can however predict that the increased dividend is here to stay. This company (WTK) has Kshs 95 of its NBV per share in cash which covers the 12.50 dividend almost 8 times!
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guru267
#11 Posted : Monday, June 20, 2011 4:59:20 PM
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Williamson tea opearating EPS is 73bob which makes P/E around 3 minus revaluations
Kapchorua tea operating EPS is 20 making the P/E around 5 minus revaluations

Still CHEAP!!
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#12 Posted : Monday, June 20, 2011 4:59:34 PM
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The 95/- includes Biological Gains but still a very good performance. Can I afford to be patient? Yes.

2011-12 seems to be doing OK. What that means is that even with reduced production in 4Q 2010-11 (& drought going into 1Q 2011-12) the strong Tea Prices + weak KShs = Same PAT in 2011-12.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#13 Posted : Monday, June 20, 2011 5:27:32 PM
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guru267 wrote:
Williamson tea opearating EPS is 73bob which makes P/E around 3 minus revaluations
Kapchorua tea operating EPS is 20 making the P/E around 5 minus revaluations

Still CHEAP!!

I might be a bit greedy,but once again i feel WTK has retained too much cash even with the enhanced dividend payouts.I am staying put though.
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cnn
#14 Posted : Saturday, June 25, 2011 12:09:43 PM
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As i await the annual report to exactly what component of the profits came from the core business for WTK,i am given to understand they have sold George Williamson house to Lion of Kenya and moving their offices to Karen park.Prudent?
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guru267
#15 Posted : Saturday, June 25, 2011 12:23:03 PM
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cnn wrote:
As i await the annual report to exactly what component of the profits came from the core business for WTK,



guru267 wrote:
Williamson tea opearating EPS is 73bob which makes P/E around 3 minus revaluations
Still CHEAP!!

Mark 12:29
Deuteronomy 4:16
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cnn
#16 Posted : Saturday, June 25, 2011 1:32:02 PM
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@guru,increased property valuations contributed part of the 73,i want to know the tea sales component.
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guru267
#17 Posted : Saturday, June 25, 2011 3:03:48 PM
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cnn wrote:
@guru,increased property valuations contributed part of the 73,i want to know the tea sales component.


@cnn full year EPS for 2011 was 97.. EPS from tea sales (operating EPS) was 73bob
Mark 12:29
Deuteronomy 4:16
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cnn
#18 Posted : Saturday, June 25, 2011 3:50:08 PM
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@guru,refer to the commentary accompanying the results release...an increase in property valuations contributed to the operational improvement.
EPS of 73 is not all from tea!
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guru267
#19 Posted : Saturday, June 25, 2011 4:48:18 PM
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@cnn thanks for pointing that out... I believe the property revaluations are fairly insignificant if they chose to include them in the operating results..
Do they release a detailed annual report??
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#20 Posted : Saturday, June 25, 2011 7:45:41 PM
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I also wanna know how much of the Operational Profits are from Tea/Timber/Biashare

Property Valuations probably for the various residential houses they own for Managers, etc but I wonder how much Williamson House [6 floors] is worth?

IMHO, they should sell 5 floors then distribute the cash to shareholders!!!

What is this talk about land in Karen?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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