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E.A Cables FY 2012 PAT Up 66 percent
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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PBT up 62 percent EPS up at 1.74 from 1.15 Download the report here Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Turnover down 13.5 percent from 4.9B to 4.3B PBT up 62 percent from 753M to 464M PAT up 65 percent from 314M to 522M Dividend up 25 percent from 0.8 (0.3+0.5) to 1.0 (0.4+0.6) Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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COMMENTS: - Growth in earnings due to (i) Export sales (ii) Efficient production (iii) Currency stability (iv) TZ subsidiary behaving at last. - Drop in turnover due to low Copper and Aluminium prices at LME. DIVIDEND book closure on 3rd may 2013. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Good performance, though i do not understand the cost drivers of their business fully and how they might impact it going forward. Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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First-rate numbers and strong cash flow generation 
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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dunkang wrote:Turnover down 13.5 percent from 4.9B to 4.3B
PBT up 62 percent from 753M to 464M
PAT up 65 percent from 314M to 522M
Dividend up 25 percent from 0.8 (0.3+0.5) to 1.0 (0.4+0.6) Ah,cables my sweet cables.  Uncertainty is certain.Let go
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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ChessMaster wrote:dunkang wrote:Turnover down 13.5 percent from 4.9B to 4.3B
PBT up 62 percent from 753M to 464M
PAT up 65 percent from 314M to 522M
Dividend up 25 percent from 0.8 (0.3+0.5) to 1.0 (0.4+0.6) Ah,cables my sweet cables. 7.5 percent dividend yield at present share price. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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dunkang wrote:ChessMaster wrote:dunkang wrote:Turnover down 13.5 percent from 4.9B to 4.3B
PBT up 62 percent from 753M to 464M
PAT up 65 percent from 314M to 522M
Dividend up 25 percent from 0.8 (0.3+0.5) to 1.0 (0.4+0.6) Ah,cables my sweet cables. 7.5 percent dividend yield at present share price. To be honest I am never concerned about dividends.I am more concerned about what they have retained and what they intend to do with it. Uncertainty is certain.Let go
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Copper Demand Outstrip Supply, because of China A reason why E.A Cables will always make money, DEMAND! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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How? They dont produce copper rather they require it as raw material? "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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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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murchr wrote:How? They dont produce copper rather they require it as raw material? As long as there is a need for development cables will thrive even if the cost of raw materials goes up(they'll just transfer it to the consumer).The major problem is cheaper products.But cheap is expensive and dangerous when it comes to such materials.Just my opinion. Uncertainty is certain.Let go
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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murchr wrote:How? They dont produce copper rather they require it as raw material? China is buying the raw and using it all in its electrical and electronics industry, therefore; - No cheap fakes from China to this region, - Growing demand of Cu in the region can be met by a local manufacturer due to cost, - the rising cost of Cu will keep off new manufacturers due to high Capital needed and inability to get the raw. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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@dunkang, dont you think that since China is buying in bulk, they are maximizing on the economies of scale and will eventually be supplying to the world at a cheaper price? "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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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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With the chinese market demand jumping through the roof now, E.A Cables don't need to worry about imports. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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http://www.bloomberg.com...eficit-commodities.html
Please dont get me wrong, but my thinking is that the demand of copper by China will push the price of the raw material up, China will eventually produce a cheaper product and companies like KPLC and Umeme etc might just source for the finished product from China...(they aint bound to cables). I could be wrong "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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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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murchr wrote:http://www.bloomberg.com/news/2013-02-26/copper-winding-earth-105-times-shows-deficit-commodities.html
Please dont get me wrong, but my thinking is that the demand of copper by China will push the price of the raw material up, China will eventually produce a cheaper product and companies like KPLC and Umeme etc might just source for the finished product from China...(they aint bound to cables).
I could be wrong
I think you are wrong. The Cu is for local (Inside China) consumption, so there is none left to sell to the outer world. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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dunkang wrote:murchr wrote:http://www.bloomberg.com/news/2013-02-26/copper-winding-earth-105-times-shows-deficit-commodities.html
Please dont get me wrong, but my thinking is that the demand of copper by China will push the price of the raw material up, China will eventually produce a cheaper product and companies like KPLC and Umeme etc might just source for the finished product from China...(they aint bound to cables).
I could be wrong
I think you are wrong. The Cu is for local (Inside China) consumption, so there is none left to sell to the outer world. Really? I hope i am "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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@dunkang, dont call for high copper price. it'll bring a disaster to the ea-cable bottom line. FY12 we are enjoying the fruits of low metal prices
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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dunkang wrote:With the chinese market demand jumping through the roof now, E.A Cables don't need to worry about imports. I'm curious,why would the Chinese be curious about imports now.Anyway,who's to say they will offer it at the same quality and at a cheaper price than cables.If they do,we'll know they are making a move.A major entrant like that won't sneak in. Uncertainty is certain.Let go
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E.A Cables FY 2012 PAT Up 66 percent
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