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Sameer FY 2013 posts +53% profit, 0.30 dividend
Rank: Member Joined: 11/1/2013 Posts: 257
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Mucene wrote:Pretax profit rose by 53 percent to 457 million shillings ($5.27 million), buoyed by the 255 million shillings sale of a piece of land it previously leased out.Selling assets to show increase in profits? but total assets increased by 8%!! No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Member Joined: 11/1/2013 Posts: 257
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YEAR...... PBT .... EPS2009...... 221m.... 0.57 2010 ...... 62m..... 0.21 2011...... 148m.... 0.35 2012...... 300m.... 0.68 2013...... 456m.... 1.44 This has been the trend for the past 5 years No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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Magnate wrote:Mucene wrote:Pretax profit rose by 53 percent to 457 million shillings ($5.27 million), buoyed by the 255 million shillings sale of a piece of land it previously leased out.Selling assets to show increase in profits? but total assets increased by 8%!! Simple playing with accounting principles. The sale of assets at a profit is recognized in the statement for profit and loss while their purchase is not(Cash flow statement will help here). They have also adopted new accounting policies and of note is IFRS 13 Fair value measurement If you don't want to go to plan B have a good plan A.
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Rank: Elder Joined: 8/16/2011 Posts: 2,387
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Does Merali affiliated companies offer Bonuses? I do not expect Sameer price to go down after closure of books.The management was shortsighted in that at that fair price they did not give extra shares as bonus. Sameer has a low capitalisation at 280,000,000 shares they could have created 70,000,000 more shares to rise to 350,000,000 shares that is 1:4. When Merali firm sameer Investment bought back Bridgestone shares everyone thought there ws need to increase capitalisation. I view Merali going the Scanad group way of bring in an investor by creating extra shares for the investor ( say the 70,000,000) 
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Realtreaty wrote:Does Merali affiliated companies offer Bonuses? I do not expect Sameer price to go down after closure of books.The management was shortsighted in that at that fair price they did not give extra shares as bonus. Sameer has a low capitalisation at 280,000,000 shares they could have created 70,000,000 more shares to rise to 350,000,000 shares that is 1:4. When Merali firm sameer Investment bought back Bridgestone shares everyone thought there ws need to increase capitalisation. I view Merali going the Scanad group way of bring in an investor by creating extra shares for the investor ( say the 70,000,000) I can't quite follow the bonus argument. Life is short. Live passionately.
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Rank: Member Joined: 11/1/2013 Posts: 257
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Finally the wheels have began rolling, touching an all time high of 8.0 today with demands 5 times the supply. PE 5.5 div yield 3.75% books closing on 27th may 2014 The chineese cheap wheels deal prospects seems to have positive effects, http://www.ventures-afri...urer-for-cheaper-tyres/
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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Magnate wrote:Finally the wheels have began rolling, touching an all time high of 8.0 today with demands 5 times the supply. PE 5.5 div yield 3.75% books closing on 27th may 2014 The chineese cheap wheels deal prospects seems to have positive effects, http://www.ventures-afri...urer-for-cheaper-tyres/
That is not correct,i remember this one in the 30s.
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Rank: Member Joined: 11/1/2013 Posts: 257
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cnn wrote:Magnate wrote:Finally the wheels have began rolling, touching an all time high of 8.0 today with demands 5 times the supply. PE 5.5 div yield 3.75% books closing on 27th may 2014 The chineese cheap wheels deal prospects seems to have positive effects, http://www.ventures-afri...urer-for-cheaper-tyres/
That is not correct,i remember this one in the 30s. i agree,its 52 week high thanks for the vocabulary No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Member Joined: 11/1/2013 Posts: 257
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Sameer to invest in own power plant The company Wednesday announced that it would put up a six-megawatt coal plant at its tyre manufacturing plant in Nairobi that will be ready by 2016. Read more at: http://www.standardmedia...vest-in-own-power-plant
This will also add some juice to this stock currently on an upward trend at 8.5 bob today The firm also announced that it is close to concluding the search for a technical and capital partner. Walmsley said Sameer had already identified potential partners and negotiations are ongoing, but did not disclose any details. Read more at: http://www.standardmedia...vest-in-own-power-plant
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Member Joined: 3/3/2014 Posts: 131
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When is the books closure for this counter? @magnate...Just seen ur post on books closure. IMITATION IS LIMITATION
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Sameer FY 2013 posts +53% profit, 0.30 dividend
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