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xxxxx		#111 Posted : Thursday, September 13, 2012 12:11:20 PM
Rank: Member Joined: 3/20/2008 Posts: 503		VituVingiSana wrote: On 8th June 2012: VituVingiSana wrote: It will be a slow slide since the sellers have no incentive to sell it at lower prices & buyers have no reason to buy it at 10% lower than the VWAP. Until it goes to sub-10, I do not see any reason to look at it. I doubt the profits will rise sufficiently in 2012 (over 2011) to merit the current price. On 13 Sep 2012, a profit warning. Enjoy. Surely we expect results not profit warnings. The company sells books for Christ's sake. How can accounts take so long???? COOKS
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hisah		#112 Posted : Thursday, September 13, 2012 6:06:38 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		hisah wrote: Net profits soared 600% plus last year. Interesting sales pitch... Is this feat achievable in going forward? Was it a fluke? I'd keep off until the H1 2012 results are out to assess the incredible profit rally... I must say I'm shocked that thing counter is still up there. I was expecting a collapse after the IPO, but I guess the little share float is keeping the price a float. However as @VVS says, the ride will be a slow puncture, slow motion bidless fall. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana		#113 Posted : Thursday, September 13, 2012 6:48:50 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		hisah wrote: hisah wrote: Net profits soared 600% plus last year. Interesting sales pitch... Is this feat achievable in going forward? Was it a fluke? I'd keep off until the H1 2012 results are out to assess the incredible profit rally... I must say I'm shocked that thing counter is still up there. I was expecting a collapse after the IPO, but I guess the little share float is keeping the price a float. However as @VVS says, the ride will be a slow puncture, slow motion bidless fall. So LKL traded 200 shares at 16.50 & that to me are trades intended to 'set' a price. Stay far away from this counter until it drops to sub-10 levels. Even at 10, I exercise caution. Look at PER, BV, etc before going in. Think Neveready, Sameer/Firestone, etc! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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hisah		#114 Posted : Friday, September 14, 2012 1:25:02 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		VWAP @15.10... What was the listing price... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana		#115 Posted : Tuesday, September 18, 2012 10:34:27 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		You have been punked! EPS in 2010-11 (before listing) of 2.33 EPS for 2011-12 (after listing) loss of 0.38 Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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hisah		#116 Posted : Wednesday, September 19, 2012 12:13:44 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		VituVingiSana wrote: You have been punked! EPS in 2010-11 (before listing) of 2.33 EPS for 2011-12 (after listing) loss of 0.38 600% profit rally turned into a spectacular loss nosedive a fiscal year later. One centum owns this stock. The same one centum that refused to give a profit warning... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji		#117 Posted : Wednesday, September 19, 2012 1:09:23 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		hisah wrote: VituVingiSana wrote: You have been punked! EPS in 2010-11 (before listing) of 2.33 EPS for 2011-12 (after listing) loss of 0.38 600% profit rally turned into a spectacular loss nosedive a fiscal year later. One centum owns this stock. The same one centum that refused to give a profit warning... Those in and for longhorn have really been punked! The 5 year financial statements presented in the IM showed no loss at any one time and displayed dividends in all years. Even H1 2011/12 results in the IM were in profit zone. But i remember we read IM in between the lines and raised red flags. Those who gave a deaf ear may now drown in the loss and no dividend year!
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mwekez@ji		#118 Posted : Wednesday, September 19, 2012 1:29:15 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Longhorn posts a loss four months after NSE listing http://www.businessdailyafrica..../-/11snkk1z/-/index.html
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Ericsson		#119 Posted : Wednesday, September 19, 2012 8:42:15 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI		Centum has a 35% stake in the company. This points to reduced earnings for Centum come half year. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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StatMeister		#120 Posted : Wednesday, September 19, 2012 8:43:56 AM
Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos		So they give a profit warning, and 1 week later they post losses. Beats me this logic of profit warnings, thought all companies do monthly and YTD book-keeping. A bad day fishing is better than a good day at work
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