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Express Kenya FY 2013 - worst NSE stock!!?
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VituVingiSana
#11 Posted : Wednesday, April 30, 2014 6:12:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Pesa Nane wrote:
By order of the board - Signed Dr. Chris Obura

Performance
Despite the internal and external challenges, the Express Kenya group of companies has managed
to break even, reporting a profit. The group is proud to report that the 2013 results are attributable to its operational activities unlike in previous year when it included gains from investment activities.
The group has had an improvement in business as a result of an increase in its client base, leading to a substantial positive increment in its operational activities.
Future outlook
Plans to invest in the real estate business are well underway as discussed in last year’s AGM. This shall follow the carefully planned and sustainable realignment of the group’s resources towards its long term strategic goals.

Hahaha! Profit for the year Ksh. 229,000.00 ($2,600)
And obura is also the under-performing chairman of Olympia
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#12 Posted : Wednesday, April 30, 2014 8:44:55 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
This is a joke, we hear of how cargo business has improved so whats their cut? And is the chairman the same Chris obura the politician?
"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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mwenza
#13 Posted : Wednesday, April 30, 2014 8:50:35 PM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
mlennyma wrote:
Pwa pwa hahaaaaa....many wazua's have made more profit than this,what remains is may be their smart logo


I know one particular wazuan who has made more than double that amount in only one counter.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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murchr
#14 Posted : Monday, September 08, 2014 5:03:08 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Business Daily wrote:
External auditors have painted an unflattering picture of Express Kenya’s future, singling out the fact that the firm’s debts have now surpassed assets.


If my calculations are right, at Friday's closing price of 7/- the PE of this company is 700 given its EPS of 0.01
"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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whiteowl
#15 Posted : Monday, September 08, 2014 11:34:24 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
murchr wrote:
Business Daily wrote:
External auditors have painted an unflattering picture of Express Kenya’s future, singling out the fact that the firm’s debts have now surpassed assets.


If my calculations are right, at Friday's closing price of 7/- the PE of this company is 700 given its EPS of 0.01

and I thought home Africa was doing badly Laughing out loudly
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VituVingiSana
#16 Posted : Monday, September 08, 2014 12:00:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Don't forget Olympia!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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