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Williamson Q1 2011 results
Rank: Member Joined: 9/9/2010 Posts: 546 Location: Garissa
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2011 Q1 EPS 89.42 2010 Q1 EPS 50.50 An inclease of only 40 bob even after selling williamson house. Something is wrong here. 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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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Member Joined: 9/9/2010 Posts: 546 Location: Garissa
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FUNKY wrote:results fpr kapchorua? 2011 Q1 EPS 47.90 2010 Q1 EPS 23.58 Excerpts from the Williamson report Commentary of the ResultsIn addition, the group realized the sale of its investment in William House and gains realized are included in the 6 months performance The cost of doing business in Kenya continues to be a great concern to the Group with energy, fuel and labour costs continually increasing. I was expecting the 500 million divided by 8.7million shares to realize a 47 shillings increase on top of increased returns from exports during a weak shilling period. This guys need to be sent a Bill Lay to shake things up there. 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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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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New Blog Post: Williamson Tea Kenya Half Year 2011/12 Profits Surge Turnover Flat Read more here http://www.contrarianinv...surge-turnover-flat.html
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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No one has any information about interim dividends by Kapchorua and Williamson?
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Sure wrote:2011 Q1 EPS 89.42
2010 Q1 EPS 50.50
An inclease of only 40 bob even after selling williamson house. Something is wrong here.
Cooked? Sniff,sniff,sniff... Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sure wrote:I was expecting the 500 million divided by 8.7million shares to realize a 47 shillings increase on top of increased returns from exports during a weak shilling period.
This guys need to be sent a Bill Lay to shake things up there. My friend please google these: 1. proceeds from sale of assets 2. gain from sale of assets. The million was merely the proceeds from the sale which is not distributable Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sure wrote:I was expecting the 500 million divided by 8.7million shares to realize a 47 shillings increase on top of increased returns from exports during a weak shilling period.
This guys need to be sent a Bill Lay to shake things up there. My friend please google these: 1. proceeds from sale of assets 2. gain from sale of assets. The million was merely the proceeds from the sale which is not distributable Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sure wrote:2011 H1 EPS 89.42
2010 H1 EPS 50.50
An inclease of only 40 bob even after selling williamson house. Something is wrong here.
If you strip out the gains from william house the H1 EPS is 72 which brings a forward FY2011 EPS of 140 on normal operations... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Has there been any interim dividend declared?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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FUNKY wrote:Has there been any interim dividend declared? No interim was declared. If anything, the management is not expecting the current performance to be replicated in the remaining part of financial period. KES trend, energy, fuel and labour costs will not do them good.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Yaani they sold the house on credit terms, check the "trade and other recievables" section in BS and the cash flow statement. http://www.rich.co.ke/media/doc...N%20TEA%20RESULTS%20.pdf
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Rank: Veteran Joined: 6/17/2009 Posts: 1,622
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mwekez@ji wrote:FUNKY wrote:Has there been any interim dividend declared? No interim was declared. If anything, the management is not expecting the current performance to be replicated in the remaining part [/b[b]]of financial period. KES trend, energy, fuel and labour costs will not do them good. Their eternal chorus.
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'... Here is a hint: Balance Sheet, P&L and Cash Flow... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...
Here is a hint: Balance Sheet, P&L and Cash Flow... What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:VituVingiSana wrote:Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...
Here is a hint: Balance Sheet, P&L and Cash Flow... What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value @the deal In your article you said "the 500million gain on the sale did not exist as was being purported but was instead 144million" Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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guru267 wrote:the deal wrote:VituVingiSana wrote:Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...
Here is a hint: Balance Sheet, P&L and Cash Flow... What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value @the deal In your article you said "the 500million gain on the sale did not exist as was being purported but was instead 144million" 'Turnover was flat at Sh1.5 Billion ( 2010, Sh1.5 Billion), EPS surged by 77% to stand at Sh89.42 from Sh50.50 last year buoyed by the sale of Williamson House which netted them Sh144 Million instead of the Sh500 Million reported in some media circles, shareholders will also be disappointed that there has been no special dividend declared as alleged by one of the company's top shareholders when the news of the sale of Williamson House broke out' The link is here please http://www.contrarianinv...surge-turnover-flat.html
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:VituVingiSana wrote:Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...
Here is a hint: Balance Sheet, P&L and Cash Flow... What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value 
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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Cde Monomotapa wrote:the deal wrote:VituVingiSana wrote:Erm, someone please explain to @thedeal the differences between 'Sale Price','Profit on Sale' and 'Proceeds from Sale'...
Here is a hint: Balance Sheet, P&L and Cash Flow... What are you on about old man? I was commenting on the gain not the selling price, gain on disposal of assets=selling price-net book value Sigh, perhaps Namibian accounting is done differently... Ask @guru for tips.. @the deal In your article you said "the 500million gain on the sale did not exist as was being purported but was instead 144million" Though let me ask... what does " the 500million gain on the sale did not exist as was being purported but was instead 144million" mean??? So who purported a 500mn gain on the sale? *I read your so-called analysis & could not understand what you were trying to say* Anyway, what do I care... I am IN THE MONEY... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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