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Kakuzi will be so rewarding by march
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VituVingiSana
#51 Posted : Wednesday, January 19, 2011 10:14:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
qw25041985 wrote:
hahahahah. this thread is funny...KAKUZI . a co. trading 1000 shares per day !!!! i'd rather go play lottery
Please go. Pap.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#52 Posted : Wednesday, April 06, 2011 9:44:25 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
LOL the Great Alligator you need to change your information sources..we are in April now and Kakuzi aint that rewarding.
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mwanahisa
#53 Posted : Wednesday, April 06, 2011 10:21:11 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@the deal, as you can see, some of us were not enticed by the fabulous tale of Kakuzi that was being spun by SA. Meanwhile, my stakes in both WTK and Limuru Tea are holding steady.

mwanahisa wrote:
guru267 wrote:
mwanahisa wrote:
Methinks the jump in the Kakuzi share price was precipitated by the meteoric rise in Eaagads. With the Eaagads story having died a natural death, Kakuzi is also slowly coming down to earth.
I however doubt whether it will go up as much as has been touted on this forum as it is already trading near its all time high.


@mwananhisa you've got everything wrong on Kakuzi...


I disagree with you that I have got everything wrong on Kakuzi, but that is the beauty of this forum. It allows us to debate.

If you are buying Kakuzi for the profits from Tea, you are better off buying WTK (which I hold). It is much more profitable and has altogether better metrics i.e. lower PE, lower PBV, higher NBV and higher Dividend Yield.
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The Merchant
#54 Posted : Wednesday, April 06, 2011 11:47:00 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Kakuzi is soooo messing up my portfolio now. Damn!! Itrs the only stock in the red, VERY red!!
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2012
#55 Posted : Wednesday, April 06, 2011 11:52:44 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
The Merchant wrote:
Kakuzi is soooo messing up my portfolio now. Damn!! Itrs the only stock in the red, VERY red!!


Don't worry, this is a great counter to have in your portfolio for the future. If I were you I'd increase.

BBI will solve it :)
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VituVingiSana
#56 Posted : Wednesday, April 06, 2011 3:59:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
It is an agricultural stock... So you sow when the time is ripe [at a low price] then wait for rain then harvest!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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The Merchant
#57 Posted : Wednesday, April 06, 2011 4:51:01 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
2012 wrote:
The Merchant wrote:
Kakuzi is soooo messing up my portfolio now. Damn!! Itrs the only stock in the red, VERY red!!


Don't worry, this is a great counter to have in your portfolio for the future. If I were you I'd increase.

Thanks for making me feel better. I think Ill wait for it to drop further then buy it en masse. I love the land it sits on though smile
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The Merchant
#58 Posted : Wednesday, April 06, 2011 4:53:36 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
VituVingiSana wrote:
It is an agricultural stock... So you sow when the time is ripe [at a low price] then wait for rain then harvest!

Laughing out loudly Laughing out loudly Laughing out loudly I doubt I bought in low though....Mishit if you ask me, Ill wait for it down thereSad
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Surealligator
#59 Posted : Tuesday, April 26, 2011 3:52:38 PM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
the deal wrote:
LOL the Great Alligator you need to change your information sources..we are in April now and Kakuzi aint that rewarding.


@The Deal

I thought you would have read this before encouraging me to eat the humble pizza.

Quote:
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

25^th January 2011


Link

http://www.bloomberg.com...KN&sid=antQaQp0wlxg

If profit attributed to shareholders was 311m, add the 109m claimed overpaid to Delmonte and you will see the difference. Wait for the announcement and lets compare notes.

However, resolving the matter can be within a fortnight or a decade.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mwanahisa
#60 Posted : Tuesday, April 26, 2011 4:16:09 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Sorry, Sure Alligator. There is nothing to add. 2010 profits were not affected. The 108 million was dealt with as a Prior Period Adjustment affecting reserves and NOT 2010 profits. I admit I also thought the same as you, until I was kindly corrected by a sharp eyed Wazua accounting guru.
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