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VituVingiSana		#281 Posted : Monday, May 06, 2019 8:57:35 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		obiero wrote: VituVingiSana wrote: Unga steps up competition with Eldoret wheat plant https://www.businessdail...01378-g7kc91/index.html "The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity." The new capacity is probably more efficient. "The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson." Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics. "plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year." Long-term planning. I wish you well mzee Asante. I don't stress too much as long as the management is good/reliable. They don't have to be superstars every year. It's nigh impossible once a firm is mature. The dividend I received from Unga was very helpful in helping me stay well-stocked with Unga branded unga (Ngano and Mahindi), pulses (Amana) and Ennsvalley bread. Actually, all my meals and alcohol. The interim dividend (FY 2018) and buyout of KK has kept my car fueled and maintained. The dividend from TPS (FY 2018) will allow me to stay at a Serena property. I don't have many shares so it will be just a weekend during the off-season but I will top-up. The KenRe dividend will pay for my car, medical, NHIF and property insurance premiums. I&M's dividend will take care of utilities, bank charges and many other expenses eg entertainment. Centum's dividend will be reinvested. I had hoped KQ's dividends would have paid for flights but I am glad I sold them given there has been no dividend since 2012. Overall, it is all good Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#282 Posted : Monday, May 06, 2019 9:00:27 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Unga steps up competition with Eldoret wheat plant https://www.businessdail...01378-g7kc91/index.html "The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity." The new capacity is probably more efficient. "The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson." Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics. "plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year." Long-term planning. I wish you well mzee Asante. I don't stress too much as long as the management is good/reliable. They don't have to be superstars every year. It's nigh impossible once a firm is mature. The dividend I received from Unga was very helpful in helping me stay well-stocked with Unga branded unga (Ngano and Mahindi), pulses (Amana) and Ennsvalley bread. Actually, all my meals and alcohol. The interim dividend (FY 2018) and buyout of KK has kept my car fueled and maintained. The dividend from TPS (FY 2018) will allow me to stay at a Serena property. I don't have many shares so it will be just a weekend during the off-season but I will top-up. The KenRe dividend will pay for my car, medical, NHIF and property insurance premiums. I&M's dividend will take care of utilities, bank charges and many other expenses eg entertainment. Centum's dividend will be reinvested. I had hoped KQ's dividends would have paid for flights but I am glad I sold them given there has been no dividend since 2012. Overall, it is all good Bure kabisa! I read that post with high interest until the last line KQ ABP 4.26
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VituVingiSana		#283 Posted : Monday, May 06, 2019 9:31:47 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		@Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#284 Posted : Saturday, September 28, 2019 9:48:51 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		VituVingiSana wrote: @Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend KQ ABP 4.26
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Ericsson		#285 Posted : Saturday, September 28, 2019 10:55:14 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: VituVingiSana wrote: @Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#286 Posted : Saturday, September 28, 2019 8:30:03 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Ericsson wrote: obiero wrote: VituVingiSana wrote: @Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Tough economy - many firms have suffered under #TanoTena Proud of Unga which has remained profitable with all the politics and bad vibes in a year when many firms ended up with losses. Dividend is 50 cents (vs 1/- last year) but enough to pay for my expenses. I suspect @young is also like me and we try to earn more than we spend. Or adjust our spending to our income. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#287 Posted : Saturday, September 28, 2019 8:42:53 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Delayed commissioning of the new and efficient wheat plant in Eldoret but FY 2019-2020 should see the benefit of a full year of production. Soymeal plant commissioned in June 2019 so FY 2019-2020 should see the benefit of a full year of production. The maize situation looks dire given the politics around maize. Sales were hurt due to input shortages. Depreciation (non-cash) will increase in FY 2019-2020 as will finance costs for the new plants. The reduced dividend was to help accelerate the repayment of debt. Competition remains a challenge. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#288 Posted : Saturday, September 28, 2019 8:43:00 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		VituVingiSana wrote: Ericsson wrote: obiero wrote: VituVingiSana wrote: @Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Tough economy - many firms have suffered under #TanoTena Proud of Unga which has remained profitable with all the politics and bad vibes in a year when many firms ended up with losses. Dividend is 50 cents (vs 1/- last year) but enough to pay for my expenses. I suspect @young is also like me and we try to earn more than we spend. Or adjust our spending to our income. Maybe it's time to sell KQ ABP 4.26
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VituVingiSana		#289 Posted : Saturday, September 28, 2019 10:36:15 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		obiero wrote: VituVingiSana wrote: Ericsson wrote: obiero wrote: VituVingiSana wrote: @Obiero Nilisahau NIC's dividends will pay for my electronics. C&G's dividends paid for my travel. Safaricom's dividends will pay for my internet and phone service. @Young and I are "wazee" and we don't mind the dividends! 30% drop in profit. I wonder if they will maintain the dividend Profit before tax declined by more than 50% from ksh.1.293bn to 615mn Tough economy - many firms have suffered under #TanoTena Proud of Unga which has remained profitable with all the politics and bad vibes in a year when many firms ended up with losses. Dividend is 50 cents (vs 1/- last year) but enough to pay for my expenses. I suspect @young is also like me and we try to earn more than we spend. Or adjust our spending to our income. Maybe it's time to sell Not for me at the moment. Perhaps in the future if the circumstances change. The challenge is there are so many wonderful bargains on the NSE and I have no cash so dividends are highly anticipated and welcome. KenRe Unga Centum I&M Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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MugundaMan		#290 Posted : Saturday, September 28, 2019 11:09:29 PM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		Flee the casino NOWW or get SHAVED even more!! Ati "bargains and a buying opportunity"? vvs ARE YOU KURAZY or just in deep denial! That is what you said about Mumias which is now SUSPENDED from the NSE! MORE TO COME!!
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