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Nation Media Group FY 2013 results Pre-tax Profit up 2.4%
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Fyatu
#11 Posted : Thursday, March 20, 2014 4:08:48 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
murchr wrote:
muganda wrote:
Such lacklustre results. 2.4% means we barely managed not to have a profit dip.

Yet all drivers looked up, so which business unit is to blame?
Sales for the Group +8%
Nation Newspapers +6%
BD_Africa +51%
Daily Monitor +10%
NTV Kenya +3%
NTV Uganda +8%
Mwananchi communications +29%
Monitor publications +10%




Nation Hela? But not suprised by NTVKenya with people like madowo


NTV has very poor picture quality/very poor sound. Very poor news studio. Just flip to KTN today at 7PM or at Prime time or tomorrow's breakfast show to see what i'm talkng about. Hata CORDTV is better in terms of picture and sound. If you look at their programming you get very depressed.Lets not even go to the presenters..
Dumb money becomes dumb only when it listens to smart money
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sparkly
#12 Posted : Thursday, March 20, 2014 4:54:26 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
muganda wrote:
@murchr I must agree. TV is like showbiz, it makes you think someone is doing so well. What with the 73% reach they're indicating, then results - alas!

Okay here we go http://www.nationmedia.com/docs...ultsInvestorBriefing.pdf



The culprit is Operating Expenses up 11.7%. Seconded by a decrease in Cash generated from Operations.


VAT on newspapers must have dampened the circulation growth.
Life is short. Live passionately.
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murchr
#13 Posted : Thursday, March 20, 2014 5:19:00 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Other income= Nsoko? That dip is big
"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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streetwise
#14 Posted : Thursday, March 20, 2014 5:21:03 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Tells me what I have always thought..no money in print media and worse may come..more so with all these Digital moves..
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hisah
#15 Posted : Thursday, March 20, 2014 5:56:48 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I'm in this counter and this results are nasty. Very nasty Sad

Daily nation revenue is as bad as it gets while The EA publication they didn't bother to show if it made any profits/losses. In an election year, I expect much better revenues...

EPS = 13.4 while share price today = 323 means P/E = 24.1 - too overpriced. I have to sell this one and take that measly gain as the fundies are quite bad. Also if they lose that digital migration case against gok, it will get more squeaky for their ad revenues.

I expect the price to dip going forward just like EABL and the only saving grace is winning the case vs gok.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#16 Posted : Thursday, March 20, 2014 6:02:53 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
@hisah what is lacking here is leadership. One cannot fight an idea whose time has come. Safcom is getn into paytv, its either they conform or perish
"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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