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NSE Plc FY 2019
Rank: Member Joined: 5/2/2018 Posts: 267
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NSE Plc issued a profit warning late Friday 13th Dec, declaring that after-tax profit will fall by at least 25% for the FY ending 31st Dec 2019.
The self-listed bourse said 2019 performance was adversely affected by a challenging economic environment and reduced inflow of capital from global frontier market investors who are key participants in the Kenyan market.
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Rank: Member Joined: 1/1/2011 Posts: 396
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Superprime1 wrote:NSE Plc issued a profit warning late Friday 13th Dec, declaring that after-tax profit will fall by at least 25% for the FY ending 31st Dec 2019.
The self-listed bourse said 2019 performance was adversely affected by a challenging economic environment and reduced inflow of capital from global frontier market investors who are key participants in the Kenyan market. Allowing for stick shorting would have surfaced issues ALOT faster and kept CEOs alot more honest.
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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https://www.theeastafrican.co.ke/business/Battered-brokers-offload-stake-in-Nairobi-bourse-shareholding/2560-5584332-8153bdz/index.htmlThe self-listed Nairobi Securities Exchange (NSE) is battling a crisis of confidence over the continuous decline in stock prices, which has seen close to a half of the stockbrokerage firms that held shares in the Kenyan bourse sell their stake over falling returns and uncertainties over the market’s recovery prospects. .................. The stockbrokers who have given up ownership of the exchange include Faida Investment Bank, African Alliance Investment Bank Kenya Ltd, Suntra Investment Bank, Francis Thuo & Partners Ltd, Kestrel Capital Ltd, Ngenye Kariuki and Company Ltd, SGB securities and Shah Munge & Partners Ltd , according to NSE’s latest annual report. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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littledove wrote:https://www.theeastafrican.co.ke/business/Battered-brokers-offload-stake-in-Nairobi-bourse-shareholding/2560-5584332-8153bdz/index.htmlThe self-listed Nairobi Securities Exchange (NSE) is battling a crisis of confidence over the continuous decline in stock prices, which has seen close to a half of the stockbrokerage firms that held shares in the Kenyan bourse sell their stake over falling returns and uncertainties over the market’s recovery prospects. .................. The stockbrokers who have given up ownership of the exchange include Faida Investment Bank, African Alliance Investment Bank Kenya Ltd, Suntra Investment Bank, Francis Thuo & Partners Ltd, Kestrel Capital Ltd, Ngenye Kariuki and Company Ltd, SGB securities and Shah Munge & Partners Ltd , according to NSE’s latest annual report. Who has taken up the stakes as the stockbrokers give up ownership Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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At the Board of Directors meeting held in May 2019, changes were approved to the Directors remuneration as follows: · To increase the annual retainer fees for the Chair, Vice Chairman and other Directors from a per annum gross of Sh 714,286, Sh 571,429 and Sh 428,571 respectively to a per annum gross of Sh 1.2 million, Sh 960,000 and Sh 720,000 respectively. · To fix the Board Committee sitting allowances from a gross of Sh 28,571 per sitting for each member to a gross of Sh 57,142 for the Committee Chair and Sh 42,857 for Committee members Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy
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Rank: Member Joined: 6/15/2013 Posts: 301
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watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness....
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Rank: New-farer Joined: 8/1/2019 Posts: 86
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mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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McGill wrote:mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked. Why, this board are among the lowest paid at NSE. 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: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Angelica _ann wrote:McGill wrote:mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked. Why, this board are among the lowest paid at NSE. You mean the NSE Board is one of the lowest paid at the NSE...
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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Angelica _ann wrote:McGill wrote:mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked. Why, this board are among the lowest paid at NSE. They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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watesh wrote:Angelica _ann wrote:McGill wrote:mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked. Why, this board are among the lowest paid at NSE. They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out. They have actually overseen more delistings than the reverse
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: 12/7/2012 Posts: 11,908
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obiero wrote:watesh wrote:Angelica _ann wrote:McGill wrote:mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked. Why, this board are among the lowest paid at NSE. They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out. They have actually overseen more delistings than the reverse So they need to be motivated to think  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: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Kiprono Kittony appointed new board Chairman effective July 13 2020 https://mobile.twitter.c...2918810148798471/photo/1Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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[quote=Ericsson]Kiprono Kittony appointed new board Chairman effective July 13 2020 https://mobile.twitter.c...918810148798471/photo/1[/quote] Members' club!!! 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: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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FY2020 Profit before tax ksh.218.9mn Profit after tax ksh.167.9mn Earnings per share sh.0.65 Dividend per share sh.0.53 Dividend book closure 4 June 2021 Dividend payment date 30 August 2021 https://mobile.twitter.c...330454379839488/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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