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Bamburi cement fy2016 profits flat
Rank: Member Joined: 12/11/2006 Posts: 884
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Cement maker Bamburi Group has reported flat growth in its after-tax profit, citing falling demand in domestic and regional markets as well as rising competition. The Nairobi Securities Exchange-listed company recorded a profit after tax of Sh5.89 billion for the year ended December 2016, a 0.3 per cent rise over the profit recorded during a similar period last year. The company’s turnover fell to Sh38 billion from Sh39.2 billion in 2015. http://www.businessdaily...43782-152y7om/index.html“Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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ngapat wrote:Cement maker Bamburi Group has reported flat growth in its after-tax profit, citing falling demand in domestic and regional markets as well as rising competition. The Nairobi Securities Exchange-listed company recorded a profit after tax of Sh5.89 billion for the year ended December 2016, a 0.3 per cent rise over the profit recorded during a similar period last year. The company’s turnover fell to Sh38 billion from Sh39.2 billion in 2015. http://www.businessdaily...3782-152y7om/index.html Buyer's market
Full results link https://view.publitas.co...year-ended-31-dec-2016/
Life is short. Live passionately.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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TA says there is some weakness that could see 120 handle tested. It will be critical for that support to hold otherwise the bears could do some serious damage. IMO after comparing BAMB to ARM, the latter offers better opportunity. I will be loading ARM post FY as well as based on the month end price close. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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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: 7/11/2010 Posts: 5,040
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hisah wrote:TA says there is some weakness that could see 120 handle tested. It will be critical for that support to hold otherwise the bears could do some serious damage.
IMO after comparing BAMB to ARM, the latter offers better opportunity. I will be loading ARM post FY as well as based on the month end price close.
ARM below 20 is tempting. Haven't calculated the eps, NAV since the increase in shares The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Aguytrying wrote:hisah wrote:TA says there is some weakness that could see 120 handle tested. It will be critical for that support to hold otherwise the bears could do some serious damage.
IMO after comparing BAMB to ARM, the latter offers better opportunity. I will be loading ARM post FY as well as based on the month end price close.
ARM below 20 is tempting. Haven't calculated the eps, NAV since the increase in shares aguytrying ulikuwa umepotelea wapi? Towards the goal of financial freedom
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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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Quote:Ex-NBK finance chief Chris Kisire quits Bamburi boardFormer National Bank of Kenya chief finance officer Chris Kisire has left Bamburi Cement's board less than a month after he was charged with defrauding the lender of more than Sh77 million. The regional cement maker announced Mr Kisire had quit after serving nine years as per the rules of the Capital Markets Authority (CMA) — which had said it is probing him on the matter. His departure incidentally comes ahead of his trial on the fraud charges, which commences next month.Ambassador Chris Karanja, another independent director, also quit under the same CMA rules. “Chris Kisire has tendered his resignation which the Board has accepted with regret,” Bamburi Cement company secretary Betty Kanyagia in a notice to the Nairobi Securities Exchange. Arrested The former banker was last month arrested by the Banking Fraud Unit and charged with theft Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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In this case the,the board should have accepted the resignation with pleasure?Can someone post those CMA rules? Pesa Nane wrote:
“Chris Kisire has tendered his resignation which the Board has accepted with regret,” Bamburi Cement company secretary Betty Kanyagia in a notice to the Nairobi Securities Exchange.
Arrested
The former banker was last month arrested by the Banking Fraud Unit and charged with theft
[/quote]
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Cement production, use fall in first half http://www.businessdaily...56658-6roav7/index.html
Cement consumption in Kenya fell by 62,000 metric tonnes in the first five months of the year, raising the prospect of the first annual decline in consumption in more than a decade. Savannah Cement is raising the annual production at its Athi River plant from 1.2 million to 2.4 million tonnes, while Bamburi and ARM are adding 900,000 and 650,000 tonnes per annum in capacity — all set to be on-stream by 2019.
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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heri wrote:Cement production, use fall in first half http://www.businessdaily...56658-6roav7/index.html
Cement consumption in Kenya fell by 62,000 metric tonnes in the first five months of the year, raising the prospect of the first annual decline in consumption in more than a decade. Savannah Cement is raising the annual production at its Athi River plant from 1.2 million to 2.4 million tonnes, while Bamburi and ARM are adding 900,000 and 650,000 tonnes per annum in capacity — all set to be on-stream by 2019. I think I saw an article saying the value of buildings approved had also dropped. What happened to Dangote's plan to enter the kenyan market?
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Dangote abandoned the idea of entering kenya Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Ericsson wrote:Dangote abandoned the idea of entering kenya Oh...didnt know. Thanks.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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heri wrote:Cement production, use fall in first half http://www.businessdaily...56658-6roav7/index.html
Cement consumption in Kenya fell by 62,000 metric tonnes in the first five months of the year, raising the prospect of the first annual decline in consumption in more than a decade. Savannah Cement is raising the annual production at its Athi River plant from 1.2 million to 2.4 million tonnes, while Bamburi and ARM are adding 900,000 and 650,000 tonnes per annum in capacity — all set to be on-stream by 2019. hope this wont affect HY 17 results Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,530 Location: nairobi
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Ebenyo wrote:heri wrote:Cement production, use fall in first half http://www.businessdaily...56658-6roav7/index.html
Cement consumption in Kenya fell by 62,000 metric tonnes in the first five months of the year, raising the prospect of the first annual decline in consumption in more than a decade. Savannah Cement is raising the annual production at its Athi River plant from 1.2 million to 2.4 million tonnes, while Bamburi and ARM are adding 900,000 and 650,000 tonnes per annum in capacity — all set to be on-stream by 2019. hope this wont affect HY 17 results The two men must be tutored on how to grow an economy
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: 6/23/2009 Posts: 13,530 Location: nairobi
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Ebenyo wrote:heri wrote:Cement production, use fall in first half http://www.businessdaily...56658-6roav7/index.html
Cement consumption in Kenya fell by 62,000 metric tonnes in the first five months of the year, raising the prospect of the first annual decline in consumption in more than a decade. Savannah Cement is raising the annual production at its Athi River plant from 1.2 million to 2.4 million tonnes, while Bamburi and ARM are adding 900,000 and 650,000 tonnes per annum in capacity — all set to be on-stream by 2019. hope this wont affect HY 17 results The two men must be tutored on how to grow an economy
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: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:Ebenyo wrote:heri wrote:Cement production, use fall in first half http://www.businessdaily...56658-6roav7/index.html
Cement consumption in Kenya fell by 62,000 metric tonnes in the first five months of the year, raising the prospect of the first annual decline in consumption in more than a decade. Savannah Cement is raising the annual production at its Athi River plant from 1.2 million to 2.4 million tonnes, while Bamburi and ARM are adding 900,000 and 650,000 tonnes per annum in capacity — all set to be on-stream by 2019. hope this wont affect HY 17 results The two men must be tutored on how to grow an economy They are very poor indeed on economic angle.Govt of national unity can help.Otherwise we are doomed in the next five yeard. Towards the goal of financial freedom
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Ebenyo wrote:obiero wrote:Ebenyo wrote:heri wrote:Cement production, use fall in first half http://www.businessdaily...56658-6roav7/index.html
Cement consumption in Kenya fell by 62,000 metric tonnes in the first five months of the year, raising the prospect of the first annual decline in consumption in more than a decade. Savannah Cement is raising the annual production at its Athi River plant from 1.2 million to 2.4 million tonnes, while Bamburi and ARM are adding 900,000 and 650,000 tonnes per annum in capacity — all set to be on-stream by 2019. hope this wont affect HY 17 results The two men must be tutored on how to grow an economy They are very poor indeed on economic angle.Govt of national unity can help.Otherwise we are doomed in the next five yeard. I think the emperors should fire their advisers...implement their manifesto and salvage the economy. Otherwise the country will sleepwalk, drunkwalk and corruptwalk its way to another election year 2022
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