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Limuru Tea FY15 PBT up 147% to 5.1Mn
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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2015 Production - 3,065,880 Kgs of green leaf (down 10%) Manufactured - 692,343 Kgs of Black Tea Weak Ksh pushed revenue up 33% to Ksh. 92Mn Cost of sales dropped 3% Dividend Ksh. 1 AGM 27 May 2016 Future prospect - "Modest." -Current crop good as a result of El Nino rains end of 2015 -Auction prices showing downward trend -Ksh. stable Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Pesa Nane wrote:2015 Production - 3,065,880 Kgs of green leaf (down 10%)
Manufactured - 692,343 Kgs of Black Tea
Weak Ksh pushed revenue up 33% to Ksh. 92Mn
Cost of sales dropped 3%
Dividend Ksh. 1
AGM 27 May 2016
Future prospect - "Modest."
-Current crop good as a result of El Nino rains end of 2015
-Auction prices showing downward trend
-Ksh. stable
paying 1bob?why is this share so expensive or ni bei ya mashamba!!! "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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mlennyma wrote:Pesa Nane wrote:2015 Production - 3,065,880 Kgs of green leaf (down 10%)
Manufactured - 692,343 Kgs of Black Tea
Weak Ksh pushed revenue up 33% to Ksh. 92Mn
Cost of sales dropped 3%
Dividend Ksh. 1
AGM 27 May 2016
Future prospect - "Modest."
-Current crop good as a result of El Nino rains end of 2015
-Auction prices showing downward trend
-Ksh. stable
paying 1bob?why is this share so expensive or ni bei ya mashamba!!! PBT goes up 147% to 5.1 Mn...thats loose change. I think ni Arap mashiamba keeping it that high. Amnot sure of "expensive" Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Boris Boyka wrote:mlennyma wrote:Pesa Nane wrote:2015 Production - 3,065,880 Kgs of green leaf (down 10%)
Manufactured - 692,343 Kgs of Black Tea
Weak Ksh pushed revenue up 33% to Ksh. 92Mn
Cost of sales dropped 3%
Dividend Ksh. 1
AGM 27 May 2016
Future prospect - "Modest."
-Current crop good as a result of El Nino rains end of 2015
-Auction prices showing downward trend
-Ksh. stable
paying 1bob?why is this share so expensive or ni bei ya mashamba!!! PBT goes up 147% to 5.1 Mn...thats loose change. I think ni Arap mashiamba keeping it that high. Amnot sure of "expensive" I hope this satirical statements and aliases reach the recipients appropriately. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Spikes wrote:Boris Boyka wrote:mlennyma wrote:Pesa Nane wrote:2015 Production - 3,065,880 Kgs of green leaf (down 10%)
Manufactured - 692,343 Kgs of Black Tea
Weak Ksh pushed revenue up 33% to Ksh. 92Mn
Cost of sales dropped 3%
Dividend Ksh. 1
AGM 27 May 2016
Future prospect - "Modest."
-Current crop good as a result of El Nino rains end of 2015
-Auction prices showing downward trend
-Ksh. stable
paying 1bob? why is this share so expensive or ni bei ya mashamba!!! PBT goes up 147% to 5.1 Mn...thats loose change. I think ni Arap mashiamba keeping it that high. Amnot sure of "expensive" I hope this satirical statements and aliases reach the recipients appropriately. Have a glimpse at the retained earnings Vs number of shares Pesa Nane plans to be shilingi when he grows up.
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Rank: New-farer Joined: 10/25/2011 Posts: 67
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Limuru Tea Share has been on a loosing streak over the last few days. Why is this happening?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Was the share split on this share ever effected? 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: New-farer Joined: 1/15/2010 Posts: 81
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Rank: Member Joined: 10/26/2015 Posts: 151
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I still don't get why this share is so darn pricey. Especially, when there's better choices like WTK and Kapchorua. Even Kakuzi.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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MadDoc wrote:I still don't get why this share is so darn pricey. Especially, when there's better choices like WTK and Kapchorua. Even Kakuzi. Where is Limuru Tea's farm located? Where is WTK & Kapchorua farms located? [Where did PEV 2008 happen? Whose stronghold are these farms in? How close are they to large towns?] Where is Kakuzi's farm located? Does Kakuzi have any drama about their leases? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 10/26/2015 Posts: 151
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VituVingiSana wrote:MadDoc wrote:I still don't get why this share is so darn pricey. Especially, when there's better choices like WTK and Kapchorua. Even Kakuzi. Where is Limuru Tea's farm located? Where is WTK & Kapchorua farms located? [Where did PEV 2008 happen? Whose stronghold are these farms in? How close are they to large towns?] Where is Kakuzi's farm located? Does Kakuzi have any drama about their leases? WTK still looks to be the better choice. Basing stock attractiveness on assets or earnings from core activity, it's a no-brainer for me
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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VituVingiSana wrote:MadDoc wrote:I still don't get why this share is so darn pricey. Especially, when there's better choices like WTK and Kapchorua. Even Kakuzi. Where is Limuru Tea's farm located? Where is WTK & Kapchorua farms located? [Where did PEV 2008 happen? Whose stronghold are these farms in? How close are they to large towns?] Where is Kakuzi's farm located? Does Kakuzi have any drama about their leases? I am not so much into agric stocks -I've never owned one - but comparatively I still think this stock is punching above its weight on many counts. Sure, their land is prime vs the rest of the competition. The last I checked their total land holding was about 776 acres (correct me if I wrong). Putting aside WTK and Kapchorua, the others have land holdings running into the thousands of acres (but have more shares I believe) and are not far from the CBD either. If we ignore all other assets and only look at land as the basis for the premium the market places on this stock would its price be justified vs the rest? Total land value/total issued shares = land value per share. Placed toe to toe with say eaagads or kakuzi or sasini (ignoring merali's antics) which of these would have the highest land value per share? Further to, would its PER or PBV merit to be that high either vis a vis the land value per share or ROE numbers? Or am I missing something? The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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lochaz-index wrote:VituVingiSana wrote:MadDoc wrote:I still don't get why this share is so darn pricey. Especially, when there's better choices like WTK and Kapchorua. Even Kakuzi. Where is Limuru Tea's farm located? Where is WTK & Kapchorua farms located? [Where did PEV 2008 happen? Whose stronghold are these farms in? How close are they to large towns?] Where is Kakuzi's farm located? Does Kakuzi have any drama about their leases? I am not so much into agric stocks -I've never owned one - but comparatively I still think this stock is punching above its weight on many counts. Sure, their land is prime vs the rest of the competition. The last I checked their total land holding was about 776 acres (correct me if I wrong). Putting aside WTK and Kapchorua, the others have land holdings running into the thousands of acres (but have more shares I believe) and are not far from the CBD either. If we ignore all other assets and only look at land as the basis for the premium the market places on this stock would its price be justified vs the rest? Total land value/total issued shares = land value per share. Placed toe to toe with say eaagads or kakuzi or sasini (ignoring merali's antics) which of these would have the highest land value per share? Further to, would its PER or PBV merit to be that high either vis a vis the land value per share or ROE numbers? Or am I missing something? 1) Excluding Merali's antics, Sasini would have the best/highest "Price/Book Value" but... you have the Merali discount of 100%. 2) Limuru (Tea) is very close to Nairobi and there are significant developments coming up in the area. Plus the Westlands-Limuru road might get a makeover/expansion to cater for the additional traffic to Naivasha [SGR, tourism, industrial park, etc]. 3) Kakuzi is very attractive on a Price/Book Value basis if the Kiambu/Muranga mafia don't invade their land/farms. 4) WTK/KTC are too far away from any significant urban centers and are NOT land plays. Plus, let's call a spade a spade. They are in the middle of an area where "outsiders" could be massacred. Refer to PEV 2008. So these are pure tea (not land) plays. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 10/26/2015 Posts: 151
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lochaz-index wrote:VituVingiSana wrote:MadDoc wrote:I still don't get why this share is so darn pricey. Especially, when there's better choices like WTK and Kapchorua. Even Kakuzi. Where is Limuru Tea's farm located? Where is WTK & Kapchorua farms located? [Where did PEV 2008 happen? Whose stronghold are these farms in? How close are they to large towns?] Where is Kakuzi's farm located? Does Kakuzi have any drama about their leases? I am not so much into agric stocks -I've never owned one - but comparatively I still think this stock is punching above its weight on many counts. Sure, their land is prime vs the rest of the competition. The last I checked their total land holding was about 776 acres (correct me if I wrong). Putting aside WTK and Kapchorua, the others have land holdings running into the thousands of acres (but have more shares I believe) and are not far from the CBD either. If we ignore all other assets and only look at land as the basis for the premium the market places on this stock would its price be justified vs the rest? Total land value/total issued shares = land value per share. Placed toe to toe with say eaagads or kakuzi or sasini (ignoring merali's antics) which of these would have the highest land value per share? Further to, would its PER or PBV merit to be that high either vis a vis the land value per share or ROE numbers? Or am I missing something? Thank you both for the insight
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Declined by 50 shs to be Top Loser of the day KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Limuru Tea FY15 PBT up 147% to 5.1Mn
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