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East African Portland Cement FY 2017/18
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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High debt and poor cashflow Burukenge kabisa Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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Ericsson wrote:High debt and poor cashflow
Burukenge kabisa Hii si burukenge ila mama ya burukenge
KQ ABP 4.26
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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obiero wrote:Fyatu wrote:Superprime1 wrote:The well-cooked financial results of EAPCC Ltd, a.k.a Blue Triangle, are out. From an operating loss of Sh3.56 billion in the year, it adds a Sh11.34bn "fair value gain on investment properties", ricocheting the loss into a cool Sh6.96bn PBT (on paper) and Sh7.8bn PAT after a tax credit of Sh835.42 million.  In the 2016/17 FY, it had an operating loss of Sh1.32bn, resulting in a Loss Before Tax of Sh1.71bn and a net loss of Sh1.47bn. The administration and selling expenses jumped 70% to Sh3.87bn at a time revenue dipped 25.3% to Sh5.18bn.  The cement maker says the court awarded Sh1.5bn through a 2012-2015 CBA. It's more of an obituary. pilipili manga, binzari nyembamba, karafuu na iliki.Ongeza knorr cubes(beef flavour) na royco mchuzi mix. This is daylight robbery. Jubilee says it is fighting corruption and yet allow this blatant cooking of books. Perhaps,DCI and DPP have no capacity to detect accounting fraud. Kenyans be damned. Nowhere to run to or hide. I am waiting eagerly for the overcooked mchuzi from Kenya power Cytonn are teaching others how to prop up a dying monkey via fair value treatment techniques Question is whether they will prop the books with fair value next year. One also wonders why they waited for too long to report the obvious.In today's newspaper(Standard), the auditor general states that EAPC is technically insolvent.Cannot wait for the auditor general opinion on Kenya power.The AG is the only hope for the truth in this mali ya umma(GoK) firms Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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Fyatu wrote:obiero wrote:Fyatu wrote:Superprime1 wrote:The well-cooked financial results of EAPCC Ltd, a.k.a Blue Triangle, are out. From an operating loss of Sh3.56 billion in the year, it adds a Sh11.34bn "fair value gain on investment properties", ricocheting the loss into a cool Sh6.96bn PBT (on paper) and Sh7.8bn PAT after a tax credit of Sh835.42 million. In the 2016/17 FY, it had an operating loss of Sh1.32bn, resulting in a Loss Before Tax of Sh1.71bn and a net loss of Sh1.47bn. The administration and selling expenses jumped 70% to Sh3.87bn at a time revenue dipped 25.3% to Sh5.18bn. The cement maker says the court awarded Sh1.5bn through a 2012-2015 CBA. It's more of an obituary. pilipili manga, binzari nyembamba, karafuu na iliki.Ongeza knorr cubes(beef flavour) na royco mchuzi mix. This is daylight robbery. Jubilee says it is fighting corruption and yet allow this blatant cooking of books. Perhaps,DCI and DPP have no capacity to detect accounting fraud. Kenyans be damned. Nowhere to run to or hide. I am waiting eagerly for the overcooked mchuzi from Kenya power Cytonn are teaching others how to prop up a dying monkey via fair value treatment techniques Question is whether they will prop the books with fair value next year. One also wonders why they waited for too long to report the obvious.In today's newspaper(Standard), the auditor general states that EAPC is technically insolvent.Cannot wait for the auditor general opinion on Kenya power.The AG is the only hope for the truth in this mali ya umma(GoK) firms He's lucky to be around.. One of the sober men left
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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The difference between EAPCC and ARM is that the former has GoK support so can't be placed into Administration. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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VituVingiSana wrote:The difference between EAPCC and ARM is that the former has GoK support so can't be placed into Administration. That is the truth
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Even the AG doubts the stability of the firm and the results whether they portray a good picture https://www.businessdail...57288-4211g5z/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Horton wrote:Ericsson wrote:No dividend declared,cashflow statement ndio kusema sasa From the drop in demand this industry is going to be interesting to watch. Should be another shilling stock this. Bamburi-Relied on short term deal of standard gauge railway.Unlisted competitors e.g simba cement and others are hurting their revenues. ARM-currently under administration EAPCC-a walking corpse. Nse investors have no option in cement industry.Unless Aliko Dangote does something. Towards the goal of financial freedom
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Fyatu wrote:Superprime1 wrote:The well-cooked financial results of EAPCC Ltd, a.k.a Blue Triangle, are out. From an operating loss of Sh3.56 billion in the year, it adds a Sh11.34bn "fair value gain on investment properties", ricocheting the loss into a cool Sh6.96bn PBT (on paper) and Sh7.8bn PAT after a tax credit of Sh835.42 million. In the 2016/17 FY, it had an operating loss of Sh1.32bn, resulting in a Loss Before Tax of Sh1.71bn and a net loss of Sh1.47bn. The administration and selling expenses jumped 70% to Sh3.87bn at a time revenue dipped 25.3% to Sh5.18bn. The cement maker says the court awarded Sh1.5bn through a 2012-2015 CBA. It's more of an obituary. pilipili manga, binzari nyembamba, karafuu na iliki.Ongeza knorr cubes(beef flavour) na royco mchuzi mix. This is daylight robbery. Jubilee says it is fighting corruption and yet allow this blatant cooking of books. Perhaps,DCI and DPP have no capacity to detect accounting fraud. Kenyans be damned. Nowhere to run to or hide. I am waiting eagerly for the overcooked mchuzi from Kenya power As long as there will be something for us to eat,it will be fine.But if there will be nothing,we should think of taking over the company. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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https://kenyanwallstreet...cquire-portland-cement/
Lafarge, the French multinational, is in talks to acquire East African Portland Cement Company, a firm that is heaving under a financial rut. The firm is now considering bailing out EAPCC, which it holds 41.7 per cent stake, by purchasing the remaining stake from the government and other shareholders. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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East African Portland Cement FY 2017/18
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