Rank: Elder Joined: 2/10/2007 Posts: 1,587
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VituVingiSana wrote:@Horton - BTW, the lack of 'consistent' earnings e.g. EABL, BAT is probably why the Agricultural Stocks sell at a lower PER (when times are good) than comparable financials, etc...
I like Kakuzi coz it has decent farms & potential land for 'other' development... Just a matter of time...
Some group bought Eagaads... I think they bought it for the huge farm/land (in Ruiru) rather than the coffee... VVS, ordinary shareholders rarely benefit from assets of companies. The real beneficiaries are debtors, especially when the companies bust. If I was to use potential for other land uses, I will go for Rea Vipingo or even Railways if was listed. When these companies go under, none of he ordinary shareholders ever nears their assets; lLook at Uchumi case.
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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PKoli wrote:VituVingiSana wrote:@Horton - BTW, the lack of 'consistent' earnings e.g. EABL, BAT is probably why the Agricultural Stocks sell at a lower PER (when times are good) than comparable financials, etc...
I like Kakuzi coz it has decent farms & potential land for 'other' development... Just a matter of time...
Some group bought Eagaads... I think they bought it for the huge farm/land (in Ruiru) rather than the coffee... VVS, ordinary shareholders rarely benefit from assets of companies. The real beneficiaries are debtors, especially when the companies bust. If I was to use potential for other land uses, I will go for Rea Vipingo or even Railways if was listed. When these companies go under, none of he ordinary shareholders ever nears their assets; lLook at Uchumi case. Huh? I am sure there is some point in your story but I can't make it out... Please re-phrase & re-post so I can respond... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:PKoli wrote:VituVingiSana wrote:@Horton - BTW, the lack of 'consistent' earnings e.g. EABL, BAT is probably why the Agricultural Stocks sell at a lower PER (when times are good) than comparable financials, etc...
I like Kakuzi coz it has decent farms & potential land for 'other' development... Just a matter of time...
Some group bought Eagaads... I think they bought it for the huge farm/land (in Ruiru) rather than the coffee... VVS, ordinary shareholders rarely benefit from assets of companies. The real beneficiaries are debtors, especially when the companies bust. If I was to use potential for other land uses, I will go for Rea Vipingo or even Railways if was listed. When these companies go under, none of he ordinary shareholders ever nears their assets; lLook at Uchumi case. Huh? I am sure there is some point in your story but I can't make it out... Please re-phrase & re-post so I can respond... I think @Pkoli thinks that you mean unga or limuru will sell its land and you as a shareholder will receive the proceeds benefit directly and he disagrees but he is talking in the context of receivership.... Yet shareholders do benefit because the sale of re valued assets goes directly to the P&L.... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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Unga is not in Receivership... And I think they will be OK... they have turned the corner... I hope they end up selling the land OR become more profitable but I stand by my 100% in 3 years for Unga even with the tough competition + high prices for maize & wheat... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:Unga is not in Receivership... And I think they will be OK... they have turned the corner... I hope they end up selling the land OR become more profitable but I stand by my 100% in 3 years for Unga even with the tough competition + high prices for maize & wheat... @VVS i admire your passion... When you believe in something you REALLY believe.... Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 12/24/2008 Posts: 112
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Kakuzi have sent out a booklet summarising their interim financial statements for the six months to 30 June 2010. Good investor relations in my view. Sales are up to Ksh.808mn against 695m for the corresponding period in 2009 - so with a little luck we could be looking at between Kshs.2.3bn to 2.5bn in sales for 2010. Tea sales are up (Ksh. 597mn against 315mn in 2009  ) Avocado sales are down (Ksh. 110mn against 260mn in 2009  ). All other segments sales down on corresponding period last year. Tea is the only profitable segment for first six months (Kshs 152mn), while avocado posted losses of Ksh 15mn and other segments Ksh 34m over the period. Anyone know how long it takes between planting and harvesting of Macadamia? Kakuzi have close to 400ha planted as at 30.6.2010. What are the yields and pricing they can achieve? Kawaida with odiero's, the commentary from the chairman is 'prudent'! Incidentally, Kakuzi is also traded on the London Stock Exchange - pity they don't have a website, even a rudimentary one like Sasini's or Rea Vipingo's....
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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I think Kakuzi's avocadoes really come in bloom in 2H... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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KAKUZI LIMITED PUBLIC ANNOUNCEMENT FINANCIAL YEAR ENDED 31 DECEMBER 2010 Notice is hereby given, pursuant to Regulation 19 of the Capital Markets Authority Regulations and the Fifth Schedule, Continuing obligations, that Kakuzi Limited has received a claim for repayment of Kshs109 million from Del Monte Kenya Limited (DMKL) following the discovery of an alleged error made by DMKL in calculating the sale price of pineapples for the joint venture between Kakuzi Limited and DMKL for the years 2007 and 2008. The Board of Kakuzi Limited is currently reviewing the claim and will make a further announcement when the matter is resolved. K W Tarplee Chairman 25th January 2011 History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Member Joined: 9/12/2009 Posts: 312
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BGL wrote:KAKUZI LIMITED
PUBLIC ANNOUNCEMENT
FINANCIAL YEAR ENDED
31 DECEMBER 2010
Notice is hereby given, pursuant to Regulation
19 of the Capital Markets Authority Regulations
and the Fifth Schedule, Continuing obligations,
that Kakuzi Limited has received a claim for
repayment of Kshs109 million from Del Monte
Kenya Limited (DMKL) following the discovery
of an alleged error made by DMKL in calculating
the sale price of pineapples for the joint venture
between Kakuzi Limited and DMKL for the
years 2007 and 2008.
The Board of Kakuzi Limited is currently
reviewing the claim and will make a further
announcement when the matter is resolved.
K W Tarplee
Chairman
25th January 2011  Something is wrong about that . The pineapple giant does not buy from Kakuzi pineapples! The joint venture is on land only.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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BGL wrote:KAKUZI LIMITED
PUBLIC ANNOUNCEMENT
FINANCIAL YEAR ENDED
31 DECEMBER 2010
Notice is hereby given, pursuant to Regulation
19 of the Capital Markets Authority Regulations
and the Fifth Schedule, Continuing obligations,
that Kakuzi Limited has received a claim for
repayment of Kshs109 million from Del Monte
Kenya Limited (DMKL) following the discovery
of an alleged error made by DMKL in calculating
the sale price of pineapples for the joint venture
between Kakuzi Limited and DMKL for the
years 2007 and 2008.
The Board of Kakuzi Limited is currently
reviewing the claim and will make a further
announcement when the matter is resolved.
K W Tarplee
Chairman
25th January 2011 @BGL what are you trying to do spreading lies to the public... Please find another way to start a sell off... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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@BGL give us the link please. If what @guru says is true, this is morally reprehensible.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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guru267 wrote:BGL wrote:KAKUZI LIMITED
PUBLIC ANNOUNCEMENT
FINANCIAL YEAR ENDED
31 DECEMBER 2010
Notice is hereby given, pursuant to Regulation
19 of the Capital Markets Authority Regulations
and the Fifth Schedule, Continuing obligations,
that Kakuzi Limited has received a claim for
repayment of Kshs109 million from Del Monte
Kenya Limited (DMKL) following the discovery
of an alleged error made by DMKL in calculating
the sale price of pineapples for the joint venture
between Kakuzi Limited and DMKL for the
years 2007 and 2008.
The Board of Kakuzi Limited is currently
reviewing the claim and will make a further
announcement when the matter is resolved.
K W Tarplee
Chairman
25th January 2011 @BGL what are you trying to do spreading lies to the public... Please find another way to start a sell off... read the statement here http://dn.nationmedia.co...rint/26_01_2011_045.pdf or purchase a copy of the daily nation and open page 45. The problem of eating-smoking grass/vegetables is that you are on activation mode whilst everyone is in resting mode. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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The link does not work Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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In the grand scheme KShs 109mn isn't that much for Kakuzi considering they will probably refute the amount [No loss to them] or defer the payment to a later date... Plus with tea + weak KES... expect a very good set of results... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Ksh 109 M plus the prevailing drought sorry this is blow to Kakuzi.
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Rank: Member Joined: 2/5/2010 Posts: 273 Location: NBI
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guru267 wrote:BGL wrote:KAKUZI LIMITED
PUBLIC ANNOUNCEMENT
FINANCIAL YEAR ENDED
31 DECEMBER 2010
Notice is hereby given, pursuant to Regulation
19 of the Capital Markets Authority Regulations
and the Fifth Schedule, Continuing obligations,
that Kakuzi Limited has received a claim for
repayment of Kshs109 million from Del Monte
Kenya Limited (DMKL) following the discovery
of an alleged error made by DMKL in calculating
the sale price of pineapples for the joint venture
between Kakuzi Limited and DMKL for the
years 2007 and 2008.
The Board of Kakuzi Limited is currently
reviewing the claim and will make a further
announcement when the matter is resolved.
K W Tarplee
Chairman
25th January 2011 @BGL what are you trying to do spreading lies to the public... Please find another way to start a sell off... @guru.. check nse site. it has that announcement.
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Rank: Member Joined: 5/3/2010 Posts: 145 Location: East Africa
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@ guru267
The announcement is in todays paper on page 45, bottom left part of the page. Just confirming thats its there.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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wasee wrote:guru267 wrote:BGL wrote:KAKUZI LIMITED
PUBLIC ANNOUNCEMENT
FINANCIAL YEAR ENDED
31 DECEMBER 2010
Notice is hereby given, pursuant to Regulation
19 of the Capital Markets Authority Regulations
and the Fifth Schedule, Continuing obligations,
that Kakuzi Limited has received a claim for
repayment of Kshs109 million from Del Monte
Kenya Limited (DMKL) following the discovery
of an alleged error made by DMKL in calculating
the sale price of pineapples for the joint venture
between Kakuzi Limited and DMKL for the
years 2007 and 2008.
The Board of Kakuzi Limited is currently
reviewing the claim and will make a further
announcement when the matter is resolved.
K W Tarplee
Chairman
25th January 2011 @BGL what are you trying to do spreading lies to the public... Please find another way to start a sell off... @guru.. check nse site. it has that announcement. http://nse.co.ke/newsite...nouncements&sid=1166Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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IMHO, 109mn isn't a huge amount for Kakuzi to pay up... And I think Kakuzi will probably dispute the figure & come to a compromise... Tea is rocking & rolling despite the drought & Egypt problems... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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I wonder where DMKL was for those 3 yrs. Didn't the auditors catch anything? Eventually this will get resolved if this means payment of partial claim or full claim by installment. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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