Wondergirl wrote:Pesa Nane wrote:Quote:The value of the Company's holdings in listed companies declined by Ksh. 36 million since August 2016 compared to a loss of Kshs 7 million in the half year ended 31st January 2016
#OgopaBear
@eightcents,
What do you think is the future of this business?
Any hope of better tiding?
A long serving director, B.C. Patel continues to accumulate the stock and now holds about 30% of the company's free float stock. Does he know something that we don't?
However, what we know is:
2014 profit was flat
2015 profit was down
2016 profit was down
HY2017 profit is down pointing to a stagnation is FY2017
PE (9.4) is above the sector average
PB (1.4) is above the sector average
On the flip side,
Consistent dividend payer
Growing assets
Little / No debt
Pesa Nane plans to be shilingi when he grows up.