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Carbacid Investments FY 2020
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Balaa
#1 Posted : Monday, November 23, 2020 10:37:40 AM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Carbacid Investments FY 2020:
Turnover +8%
PBT +13%
Cash generation continues to be healthy...

"Given our strong performance in the financial year and expectation of resilience in the year ahead, the Board proposes to maintain a final dividend of 0.70 cents per share." Applause

Link for FY 2020 financial report/statements 2020
https://carbacid.com/
If it don't make dollars, it don't make sense
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VituVingiSana
#2 Posted : Monday, November 23, 2020 11:07:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Quality firm.
Quality Management.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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winmak
#3 Posted : Monday, November 23, 2020 6:33:59 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...
For investors as a whole, returns decrease as motion increases ~ WB
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VituVingiSana
#4 Posted : Monday, November 23, 2020 11:12:36 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
winmak wrote:
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...
Applause Applause Applause We shall reap our reward. I think Patel (40%+) will either:

1) Attempt a takeover [but will he pay a fair price?]
2) Sell it out like KK to BOC/Linde.
3) Pay a sweet dividend in the future like Scan
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#5 Posted : Tuesday, November 24, 2020 7:33:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
winmak wrote:
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...


Boarded at what price?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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winmak
#6 Posted : Tuesday, November 24, 2020 9:57:54 AM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
Ericsson wrote:
winmak wrote:
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...


Boarded at what price?

Circa 10... a while back pre Covid
For investors as a whole, returns decrease as motion increases ~ WB
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VituVingiSana
#7 Posted : Tuesday, November 24, 2020 10:06:03 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
winmak wrote:
Ericsson wrote:
winmak wrote:
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...


Boarded at what price?

Circa 10... a while back pre Covid
If I had any 20/20 inkling on COVID, I would have gone all cash and bought BTC! Laughing out loudly

Hang in there.

Meanwhile a 7% dividend is sweet.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Monk
#8 Posted : Tuesday, November 24, 2020 10:36:48 AM
Rank: Member


Joined: 7/1/2009
Posts: 256
VituVingiSana wrote:
winmak wrote:
Ericsson wrote:
winmak wrote:
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...


Boarded at what price?

Circa 10... a while back pre Covid
If I had any 20/20 inkling on COVID, I would have gone all cash and bought BTC! Laughing out loudly

Hang in there.

Meanwhile a 7% dividend is sweet.


DY of 3.77% for me. I've held this counter since 2010. Share price has dropped significantly since then. Consistent dividends though have whittled down my capital loss to 15%. I don't plan on selling.
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Ericsson
#9 Posted : Tuesday, November 24, 2020 10:53:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Monk wrote:
VituVingiSana wrote:
winmak wrote:
Ericsson wrote:
winmak wrote:
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...


Boarded at what price?

Circa 10... a while back pre Covid
If I had any 20/20 inkling on COVID, I would have gone all cash and bought BTC! Laughing out loudly

Hang in there.

Meanwhile a 7% dividend is sweet.


DY of 3.77% for me. I've held this counter since 2010. Share price has dropped significantly since then. Consistent dividends though have whittled down my capital loss to 15%. I don't plan on selling.


Have you factored in bonus share issue and share split done in 2013 to get your adjusted purchase price.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Monk
#10 Posted : Tuesday, November 24, 2020 3:29:19 PM
Rank: Member


Joined: 7/1/2009
Posts: 256
Ericsson wrote:
Monk wrote:
VituVingiSana wrote:
winmak wrote:
Ericsson wrote:
winmak wrote:
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...


Boarded at what price?

Circa 10... a while back pre Covid
If I had any 20/20 inkling on COVID, I would have gone all cash and bought BTC! Laughing out loudly

Hang in there.

Meanwhile a 7% dividend is sweet.


DY of 3.77% for me. I've held this counter since 2010. Share price has dropped significantly since then. Consistent dividends though have whittled down my capital loss to 15%. I don't plan on selling.


Have you factored in bonus share issue and share split done in 2013 to get your adjusted purchase price.


@Ericsson Yes, I did - ABP 14.51 after 1:2 bonus in 2013 and 1:5 split in 2014. I bought more in 2014/2015 when it was in the 20's, so my current ABP is 18.55 :(
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VituVingiSana
#11 Posted : Tuesday, November 24, 2020 8:28:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Monk wrote:
Ericsson wrote:
Monk wrote:
VituVingiSana wrote:
winmak wrote:
Ericsson wrote:
winmak wrote:
VituVingiSana wrote:
Quality firm.
Quality Management.


VVS convinced me to board this bus...


Boarded at what price?

Circa 10... a while back pre Covid
If I had any 20/20 inkling on COVID, I would have gone all cash and bought BTC! Laughing out loudly

Hang in there.

Meanwhile a 7% dividend is sweet.


DY of 3.77% for me. I've held this counter since 2010. Share price has dropped significantly since then. Consistent dividends though have whittled down my capital loss to 15%. I don't plan on selling.


Have you factored in bonus share issue and share split done in 2013 to get your adjusted purchase price.


@Ericsson Yes, I did - ABP 14.51 after 1:2 bonus in 2013 and 1:5 split in 2014. I bought more in 2014/2015 when it was in the 20's, so my current ABP is 18.55 :(
Was it on my "Buy List" in the KES 20s?
I certainly like it at current levels but I am out of cash. I got a KenRe dividend Juzi but I also need/want cash on hand for expenses.

*Not directly related to CARB

The net dividends in 2020 (& going into 2021) might be lower than 2019.

I expect dividends from Centum (1.20), C&G (0.80), CARB (0.70), DTB (0.60) and Kenya Re (0.10-0.25) in 2021. Jubilee may pay a Special Dividend (or a higher dividend vs 2020) in 2021.

I expect reduced dividends from I&M (not sure how much), Stanbic, SCBK, WTK and KAPC too Sad ,

I do not expect Unga, Longhorn, FTG and other banks (NCBA, Equity) I have to pay a dividend.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#12 Posted : Thursday, November 26, 2020 9:03:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Carbacid to acquire BOC Kenya
https://mobile.twitter.c...1840597917921280/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Balaa
#13 Posted : Thursday, November 26, 2020 10:27:40 AM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Sad [quote=Ericsson]Carbacid to acquire BOC Kenya
https://mobile.twitter.c...840597917921280/photo/1[/quote]

When the hunter becomes the hunted.
If it don't make dollars, it don't make sense
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McGill
#14 Posted : Thursday, November 26, 2020 11:11:42 AM
Rank: New-farer


Joined: 8/1/2019
Posts: 86
[quote=Ericsson]Carbacid to acquire BOC Kenya
https://mobile.twitter.c...840597917921280/photo/1[/quote]

But that acquisition price d'oh!
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tandich
#15 Posted : Thursday, November 26, 2020 12:19:53 PM
Rank: Member


Joined: 5/6/2008
Posts: 199


Has anyone seen the mentioned Notice of Intention on the BOC website?
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mlennyma
#16 Posted : Thursday, November 26, 2020 12:26:06 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
This is broad day conmanship to many shareholders who bought Boc at very high prices
"Don't let the fear of losing be greater than the excitement of winning."
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Balaa
#17 Posted : Thursday, November 26, 2020 12:36:53 PM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
mlennyma wrote:
This is broad day conmanship to many shareholders who bought Boc at very high prices


Straight up! But unfortunately, whoever has the gold, makes the rules. Curious to see how this one plays out, CMA having botched the previous takeover attempt by BOC.
Well, Institutional and private investors could still have their say as BOC Holdings (Linde Group) shareholding is slightly above 65%.
If it don't make dollars, it don't make sense
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Monk
#18 Posted : Thursday, November 26, 2020 2:50:40 PM
Rank: Member


Joined: 7/1/2009
Posts: 256
Balaa wrote:
mlennyma wrote:
This is broad day conmanship to many shareholders who bought Boc at very high prices


Straight up! But unfortunately, whoever has the gold, makes the rules. Curious to see how this one plays out, CMA having botched the previous takeover attempt by BOC.
Well, Institutional and private investors could still have their say as BOC Holdings (Linde Group) shareholding is slightly above 65%.


What happens to those in both CARB and BOC? Are they offering to convert your BOC shares to CARD shares?
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Fyatu
#19 Posted : Thursday, November 26, 2020 2:53:16 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
mlennyma wrote:
This is broad day conmanship to many shareholders who bought Boc at very high prices


The casino is rigged
Dumb money becomes dumb only when it listens to smart money
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Horton
#20 Posted : Thursday, November 26, 2020 4:30:46 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Fyatu wrote:
mlennyma wrote:
This is broad day conmanship to many shareholders who bought Boc at very high prices


The casino is rigged


Personally think it’s a bad purchase by this seasoned investor.

BOC has declining turnover, poor margins and trading at a premium.
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