wazua Sun, Dec 22, 2024
Welcome Guest Search | Active Topics | Log In | Register

Crown Paints FY18
Options
Previous Topic · Next Topic
Pesa Nane
#1 Posted : Friday, April 26, 2019 2:58:56 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#2 Posted : Friday, April 26, 2019 3:18:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
The paint needs to be koroga'd!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Pesa Nane
#3 Posted : Friday, April 26, 2019 4:23:28 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
The paint needs to be koroga'd!


Tulia rangi ikauke
Pesa Nane plans to be shilingi when he grows up.
Back to top
 Report Abusive | Report SPAM
Pesa Nane
#4 Posted : Monday, May 13, 2019 11:50:20 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Back to top
 Report Abusive | Report SPAM
Pesa Nane
#5 Posted : Monday, May 13, 2019 11:53:39 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
DIVIDEND
The Board of Directors has recommend a final dividend of KShs. 0.60 for 2018
(KShs. 0.60 in 2017) per share.

Bogus.
Pesa Nane plans to be shilingi when he grows up.
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#6 Posted : Tuesday, May 14, 2019 1:52:09 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Pesa Nane wrote:
Quote:
DIVIDEND
The Board of Directors has recommend a final dividend of KShs. 0.60 for 2018
(KShs. 0.60 in 2017) per share.

Bogus.
Better than many, many NSE-listed firms.
No dividends from NBK, KQ, FTGH, Express, etc.
Others lowered their Dividend eg KenyaRe, etc
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Ebenyo
#7 Posted : Tuesday, May 14, 2019 8:21:34 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
VituVingiSana wrote:
Pesa Nane wrote:
Quote:
DIVIDEND
The Board of Directors has recommend a final dividend of KShs. 0.60 for 2018
(KShs. 0.60 in 2017) per share.

Bogus.
Better than many, many NSE-listed firms.
No dividends from NBK, KQ, FTGH, Express, etc.
Others lowered their Dividend eg KenyaRe, etc



I wonder why old companies like crown paints and it's peers are struggling with high level of debts? These were the old jewels but are now really struggling.Finance costs eats much of their revenues.
They are just benefiting debtors and not share holders.
Debt to equity ratio of old jewels:
Crown paints 234%
kenya power 408%
BAT-196%
EABL-246%

On the positive side,some old jewels have successfully managed to keep debts at low levels:
NMG-42%
Bamburi-52%
BOC-40%
Towards the goal of financial freedom
Back to top
 Report Abusive | Report SPAM
Ebenyo
#8 Posted : Tuesday, May 14, 2019 8:45:04 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
VituVingiSana wrote:
Pesa Nane wrote:
Quote:
DIVIDEND
The Board of Directors has recommend a final dividend of KShs. 0.60 for 2018
(KShs. 0.60 in 2017) per share.

Bogus.
Better than many, many NSE-listed firms.
No dividends from NBK, KQ, FTGH, Express, etc.
Others lowered their Dividend eg KenyaRe, etc



Crown paints and it's peers which are old jewels of the past are really struggling with debts.Finace costs are eating much of their revenues.This is benefiting debtors more than shareholders.
Debt to equity ratio of these old jewels are alarmingly too high:
Crown paints-234%
kenya power-408%
BAT-196%
EABL-246%

However, others successfully managed to keep debts at low levels:
Bamburi-40%
NMG-42%
Carbacid-13%
Towards the goal of financial freedom
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#9 Posted : Tuesday, September 17, 2019 12:18:57 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Crown Paints gives up Dar office to cut costs
https://www.businessdail...5876-urm07tz/index.html
TZ has not been kind to KE firms.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
mwekez@ji
#10 Posted : Tuesday, September 17, 2019 10:15:12 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
How the share price has remained up there
Back to top
 Report Abusive | Report SPAM
Ericsson
#11 Posted : Sunday, October 11, 2020 7:17:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Company is intending to do a rights issue
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Ericsson
#12 Posted : Friday, May 07, 2021 11:23:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
Company is intending to do a rights issue


Capital Markets Authority approves Crown paints Kenya rights issue.

https://mobile.twitter.c...583921717518339/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Users browsing this topic
Guest
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.