Wazua
»
Investor
»
Stocks
»
Reporting season kicks off.
Rank: Veteran Joined: 6/17/2009 Posts: 1,621
|
East African cables pre-tax profits down 50%,EPS 1.12,dividend 1 shilling per share and a bonus of 1 for every four.
It will be an interesting two months.
|
|
|
Rank: Veteran You have been a member since:: 3/12/2010 Posts: 1,199 Location: Eastlander
|
cnn wrote: East African cables pre-tax profits down 50%,EPS 1.12,dividend 1 shilling per share and a bonus of 1 for every four.
It will be an interesting two months. Bonus issue to placate taste of whack performance.. interestingly..shareholders will approve!!! NKT!! ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
|
No data flow kwani walienda huko wote? "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
|
ProverB wrote:cnn wrote: East African cables pre-tax profits down 50%,EPS 1.12,dividend 1 shilling per share and a bonus of 1 for every four.
It will be an interesting two months. Bonus issue to placate taste of whack performance.. interestingly..shareholders will approve!!! NKT!! Considering all factors I think these are very good results from Cables.
BBI will solve it :)
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
|
I spend some 200k here and got tiedup,could this be the stimulant?..i have though forgotten it and assumed it got lost. "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
Dismal results from Cables...they didnt say how long TZ is gonna take to turnaround? the odds are against them.
|
|
|
Rank: Veteran Joined: 11/14/2006 Posts: 1,311
|
I gave a headsup on EACables a few weeks ago to one @maina20. Have a look at this thread.... http://www.wazua.co.ke/f...spx?g=posts&t=10704
@the deal, The Tanzania loss was a once off loss write -off. That is indicated in the results announcement today.
|
|
|
Rank: Member Joined: 9/18/2009 Posts: 19
|
I think this is a brilliant perfomance considering other factors. Cables is affected mainly by the fluctuating LME metal prices,which have been unfortunately going upwards. Cheaper counterfeit cables from India/China have had an impact on the biz. Gross turnover was as a result of the increase in prices rather than increase in copper tonnage sold.At current prices,as well believed in brand,i think EAC is a good share to hold. See what everyone has seen,but think what nobody has thought. Albert Szent-Gyorgyi
|
|
|
Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
|
voila. my cable gamble pays of. now i have to turn to CMC. Remember ...PENT UP DEMAND!
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
up 17% unbelievable even a contrarian investor like me didnt see this coming.
|
|
|
Rank: Elder Joined: 6/2/2008 Posts: 1,438
|
Ephy wrote:I think this is a brilliant perfomance considering other factors. Cables is affected mainly by the fluctuating LME metal prices,which have been unfortunately going upwards. Cheaper counterfeit cables from India/China have had an impact on the biz. Gross turnover was as a result of the increase in prices rather than increase in copper tonnage sold.At current prices,as well believed in brand,i think EAC is a good share to hold.
I disagree! While the results are better than we envisaged due to the profit warning, they are still not commendable. Main point to note is that there is still a reduction in profits in the company (for the group it was expected). The Dividend yield is OK and the bonus will of course excite in the short term. For speculators, of course this is a godsend. Note it has started well today, and considering it is a TCL share and they are DESPERATE to list this year, maybe they will prop it up. On that consideration alone, I am IN, if I can get it at a decent price. Purely for SPECULATION. I do not intend to stay in for long.
|
|
|
Rank: Elder Joined: 6/2/2008 Posts: 1,438
|
My decent price was pegged between 17.50 and 18. There is no way that I am going to chase this baby to the current outrageous ASKing prices. So, I guess you can count me out (out of the party, if there will be one).
Sour grapes? - maybe, but then there are other fish in the sea, ama? I have learnt that when you are speculating on a company whose fundamentals have not changed dramatically, it only pays if you get in early!!! Good luck mlennyma et al.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
|
If the house owner knew when the thief will strike,angekaa ritho "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
EACBL is up 25% Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
I got a gut feeling that the KK bus is about to leave Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
|
Fyatu wrote:I got a gut feeling that the KK bus is about to leave when did you last checked the supply and demand
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
Supply 528,500 Demand 99,600......this is to my advantage...get on board my brodah...i can see the driver leaving the mkahawa ready to drive us off Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
@mwanahisa. Good to have you back.(I know you've been back for over a week but still). Why dont you start your own ka thread. Your speculative moves are insightful. Your comments are also a breath of fresh air, compared to some suffocating predictions, we've had to endure thro dec. The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 6/2/2008 Posts: 1,438
|
Aguytrying wrote:@mwanahisa. Good to have you back.(I know you've been back for over a week but still). Why dont you start your own ka thread. Your speculative moves are insightful. Your comments are also a breath of fresh air, compared to some suffocating predictions, we've had to endure thro dec. @Aguytrying. Thanks. I do enjoy reading quite a few of your quips as well. So maybe we should do a collabo!!
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Aguytrying wrote:Your comments are also a breath of fresh air, compared to some suffocating predictions, we've had to endure thro dec. I wonder who you are talking about  GOD BLESS YOUR LIFE
|
|
|
Wazua
»
Investor
»
Stocks
»
Reporting season kicks off.
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|