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mukiha
#1 Posted : Wednesday, January 13, 2010 1:16:05 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
39% drop in PBT....even after the Passat deal.

42% drop in EPS

But not to worry....don't sell in panic.....the Passats accounted for ONLY about 10% of sales. Without them, the results would have been just marginally lower.

Truly; I don't understand what the panic selling was all about. After all, the company issued a profit warning last month so any price adjustment should have taken place at that time.

I give it a few weeks and we'll be looking at 13++ In the meantime, if you have spare cash, it remains a good buy.

But; hey; you know I have romantic feelings about this girl!!!!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#2 Posted : Wednesday, January 13, 2010 1:52:50 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
I agree... CMC remains Kenya's #1 vehicle dealer & has exposure to UG & TZ as well. The rains should boost sales of farm equipment as well.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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xtina
#3 Posted : Wednesday, January 13, 2010 2:18:45 PM
Rank: Member


Joined: 6/26/2008
Posts: 384
Good to hear some positive comments on this stocksmile
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the deal
#4 Posted : Wednesday, January 13, 2010 2:30:32 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ mukiha hehehehe i see panic buttons being pushed there...my advice is stay away from them car sellers atleast until the economy is running at full steam....
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the deal
#5 Posted : Wednesday, January 13, 2010 2:33:10 PM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
@ mukiha hehehehe i see panic buttons being pushed there...my advice is stay away from them car sellers atleast until the economy is running at full steam....
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VituVingiSana
#6 Posted : Wednesday, January 13, 2010 3:09:50 PM
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Joined: 1/3/2007
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Location: Nairobi
@thedeal @mukiha I think CMC is a well-run firm & will be OK going forward.

Spoke to my banker today who said... they have approved lots of loan applications in 4Q 2009 & will release funds in 1Q 2010. Many of these loan applications were from 2Q & 3Q but were 'held up' since the bank was 'collecting' on loans rather than making new loans.

Sorta short-sighted but what can I say?

So for CMC, banks will start lending... and more vehicles may be sold...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#7 Posted : Thursday, January 14, 2010 8:07:20 AM
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Joined: 6/27/2008
Posts: 4,114
the deal wrote:
@ mukiha hehehehe i see panic buttons being pushed there...my advice is stay away from them car sellers atleast until the economy is running at full steam....


By that time, it could be too late....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mukiha
#8 Posted : Friday, January 15, 2010 12:31:46 PM
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Joined: 6/27/2008
Posts: 4,114
See what I meant... closed at 11.40 today ... and it touched 11.50 at one point.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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the deal
#9 Posted : Sunday, January 17, 2010 8:38:22 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@mukiha cmc is trading cum div...once it trades ex div the price dip below 11 mayb around 10.20...thats were i will come in ofcourse i might be wrong...
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Wa_ithaka
#10 Posted : Sunday, January 17, 2010 1:32:50 PM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
Tough yr for most stocks, but CMC has compe from car dealers and thus is not slowing down. If anything, its growing...
The Governor of Nyeri - 2017
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mukiha
#11 Posted : Monday, January 18, 2010 4:21:21 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
@the deal;

This stock has peculiar habits. It rises after going Ex-Div. just you wait and see... but of course, I might also be wrong!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#12 Posted : Monday, January 18, 2010 6:36:16 AM
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Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
Well 2009 was tough for many/most firms in Kenya... 2010 might be a lot better seeing the world economy seems to be 'recovering' and the growth in agriculture... leads to more lorries, pickups, cars, tractors being sold...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#13 Posted : Tuesday, January 19, 2010 7:18:58 AM
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Joined: 6/27/2008
Posts: 4,114
Now it is at 12bob....I love this stock. Never lets you down!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#14 Posted : Tuesday, January 19, 2010 8:01:40 AM
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Joined: 1/3/2007
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Location: Nairobi
@mukiha - I think it has stabilised for now between 11-12 unless there is more news (good or bad)

When is the AGM?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#15 Posted : Tuesday, January 19, 2010 9:04:55 AM
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Joined: 6/27/2008
Posts: 4,114
@VVS: AGM is on 26th Feb. Stock goes XD on Monday... wait and see what will happen after that...
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#16 Posted : Tuesday, January 19, 2010 9:29:26 AM
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Joined: 1/3/2007
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Location: Nairobi
@mukiha - Lakini, why would it fall any more than the dividend when xd (except for outlier trades)...

It is not logical... but then what is in the stockmarket?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#17 Posted : Tuesday, January 19, 2010 9:47:09 AM
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Joined: 6/27/2008
Posts: 4,114
@VVS; I predict it will rise above 12 after going XD. As I said, this is a peculiar stock
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#18 Posted : Tuesday, January 19, 2010 10:28:23 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
LOL... and I thot you were going to say that it will drop like a rock...

It's not the stock/share but the buyers/sellers who are 'peculiar'... why wouldn't you buy cd rather than pay more for xd???

Anyway, since I am a member... I hope so too...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#19 Posted : Friday, February 05, 2010 7:44:32 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
The stock went XD last Friday. Closed on Monday at 11.50; dropped gradually through the week; now appears to have leveled off at11.10/11.20

Now wait and see. It will remain here until the Div is paid and then it will climb to around 12.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Wondergirl
#20 Posted : Friday, February 05, 2010 8:14:43 AM
Rank: Member


Joined: 9/12/2009
Posts: 312
@ Mukiha, when do they get to pay the dividends?
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