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Nation Media Group HY 2019 profit down 24%
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Dear xxxx ,thank you for registering for the Nation Media AGM. You can now ask an AGM related question by dialing *483*814# and follow the prompts. Once you choose your preferred language, you reply the next prompt with 2 to ask a question. AGM to be streamed live on 26 June 2020 at 3pm. Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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sparkly wrote:Dear xxxx ,thank you for registering for the Nation Media AGM. You can now ask an AGM related question by dialing *483*814# and follow the prompts. Once you choose your preferred language, you reply the next prompt with 2 to ask a question.
AGM to be streamed live on 26 June 2020 at 3pm. Waste of time, decisions are made by wazees wakina Kiboro and the ilk. Will continue sinking both revenue and profitability _ wise. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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Angelica _ann wrote:sparkly wrote:Dear xxxx ,thank you for registering for the Nation Media AGM. You can now ask an AGM related question by dialing *483*814# and follow the prompts. Once you choose your preferred language, you reply the next prompt with 2 to ask a question.
AGM to be streamed live on 26 June 2020 at 3pm. Waste of time, decisions are made by wazees wakina Kiboro and the ilk. Will continue sinking both revenue and profitability _ wise. Anyone who has managed to login to this agm? Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Temporary salary reduction extended to 31 December 2020. Effective today 120 staff have been retrenched. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:Temporary salary reduction extended to 31 December 2020.
Effective today 120 staff have been retrenched. Good thing NMG is taking steps to remedy the poor performance. In the service industry, you need the right tools and the right tools are people with skills relevant for the market. Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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sparkly wrote:Ericsson wrote:Temporary salary reduction extended to 31 December 2020.
Effective today 120 staff have been retrenched. Good thing NMG is taking steps to remedy the poor performance. In the service industry, you need the right tools and the right tools are people with skills relevant for the market. @sparky,are you still at NMG?im stuck at abp of 79.But working towards averaging down before exit. Towards the goal of financial freedom
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ericsson wrote:Temporary salary reduction extended to 31 December 2020.
Effective today 120 staff have been retrenched. So many staff Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Impunity wrote:Ericsson wrote:Temporary salary reduction extended to 31 December 2020.
Effective today 120 staff have been retrenched. So many staff The business has irrevocably changed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/16/2019 Posts: 313
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VituVingiSana wrote:Impunity wrote:Ericsson wrote:Temporary salary reduction extended to 31 December 2020.
Effective today 120 staff have been retrenched. So many staff The business has irrevocably changed.
Very painful
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:sparkly wrote:Ericsson wrote:Temporary salary reduction extended to 31 December 2020.
Effective today 120 staff have been retrenched. Good thing NMG is taking steps to remedy the poor performance. In the service industry, you need the right tools and the right tools are people with skills relevant for the market. @sparky,are you still at NMG?im stuck at abp of 79.But working towards averaging down before exit. My ABP is Kshs 51.6. Bado niko ndani Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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sparkly wrote:Ebenyo wrote:sparkly wrote:Ericsson wrote:Temporary salary reduction extended to 31 December 2020.
Effective today 120 staff have been retrenched. Good thing NMG is taking steps to remedy the poor performance. In the service industry, you need the right tools and the right tools are people with skills relevant for the market. @sparky,are you still at NMG?im stuck at abp of 79.But working towards averaging down before exit. My ABP is Kshs 51.6. Bado niko ndani Only average down if near-certain that a rebound could occur
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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First you need to experience their e-newspaper before buying even one share in this company. Just go try the lousy product, how substandard and backwards it is. It feels like those jua kali apps we used to get in the early days of smartphones. I am forced to use it as am not risking getting the physical paper. Secondly they never respond to customer feedback. There was an article in last week's Nation about how lousy its own e-paper is. Its like NMG is deaf and blind. These guys have never responded to even one query since 2013!! They simply don't care.  Then remember that the newspaper industry is trying hard to become digital as no-one is buying papers anymore. And this was pre-corona. Am sure circulation has disappeared to an all time low now as the risk of handling a newspaper physically is super high. based on these two facts, NMG is dead in the water. No matter how much you average down etc, this company is sinking. GoK advertising cannot be the only revenue source, newspapers need eyeballs first! Save your money. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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KulaRaha wrote:First you need to experience their e-newspaper before buying even one share in this company. Just go try the lousy product, how substandard and backwards it is. It feels like those jua kali apps we used to get in the early days of smartphones. I am forced to use it as am not risking getting the physical paper. Secondly they never respond to customer feedback. There was an article in last week's Nation about how lousy its own e-paper is. Its like NMG is deaf and blind. These guys have never responded to even one query since 2013!! They simply don't care. Then remember that the newspaper industry is trying hard to become digital as no-one is buying papers anymore. And this was pre-corona. Am sure circulation has disappeared to an all time low now as the risk of handling a newspaper physically is super high. based on these two facts, NMG is dead in the water. No matter how much you average down etc, this company is sinking. GoK advertising cannot be the only revenue source, newspapers need eyeballs first! Save your money. The truth. NMG died in 2013
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nation needs to fire any employee talking of papers. There are a million ways to make money in media. They seem to be stuck in the past "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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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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A sad case 
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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obiero wrote:A sad case very sad, i bought this at 33 expecting a dividend yield of at least 10%, when results were out and no div i sold at 24.50 booked my losses and picked some other promising stock There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:A sad case A happy case for longterm investors. The company is still profitable with little debt and working at a turn-around plan. Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Tulieni .... from Elliott Wave Analysis Of The NSE 20 _ 2nd June 2020 Post 3492 mnandii wrote: Nation Media Group (NMG) should bottom soon and make recovery toward initially 26.00 and 44.00. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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sparkly wrote:obiero wrote:A sad case A happy case for longterm investors. The company is still profitable with little debt and working at a turn-around plan. Their ability to create sufficient revenue from digital streams will be crucial in their long term recovery. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:sparkly wrote:obiero wrote:A sad case A happy case for longterm investors. The company is still profitable with little debt and working at a turn-around plan. Their ability to create sufficient revenue from digital streams will be crucial in their long term recovery. Stock is now at 13 bob. Jesus save us! Life is short. Live passionately.
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Nation Media Group HY 2019 profit down 24%
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