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Why would C&G cost more than BERG share?
Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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Car and General paid a dividend of 67 cents. Crown Berger is giving 1.25 shillings. Why is C&G trading at 50 shillings while Crown Berger is trading at a miserable 34.50. Is there something underlying the difference? Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Different industries; eps et al. Can't compare. Ni kama kulinganisha... raila na kamotho; omena na githeri The Governor of Nyeri - 2017
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Surealligator wrote:Car and General paid a dividend of 67 cents. Crown Berger is giving 1.25 shillings. Why is C&G trading at 50 shillings while Crown Berger is trading at a miserable 34.50. Is there something underlying the difference? @ Surealligator you surprise me bana. Since when did the absolute amount of dividend become a way of valuing stocks? si safaricom na peni kumi basi itakuwa bure... Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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LOL... ati dividends should be the main or sole reason for valuing a stock... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Reminds me of the comment by Prof Anyang' Nyong'o in the run up to SCOM IPO; "They are selling it at throw away! Sh5 is a joke; even KQ was sold for Sh11...." 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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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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mukiha wrote:Reminds me of the comment by Prof Anyang' Nyong'o in the run up to SCOM IPO; "They are selling it at throw away! Sh5 is a joke; even KQ was sold for Sh11...."  A whole bloody professor!
BBI will solve it :)
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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@2012; YES.... prof of political science... @surealligator; if you compare some basic data of C&G and crown, you will understand why: EPS: C&G = 8.8, Crown = 3.64 NAV: C&G = 57.8, Crown = 34.3 P/E: C&G = 5.7, Crown = 9.6 [this makes Crown almost twice MORE expensive!] P/B: C&G = 0.86, Crown = 1.02 [this makes Crown 20% MORE expensive] On these alone, it is clear that Crown at Sh35 is MORE expensive than C&G at Sh50. 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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Rank: Member Joined: 9/12/2009 Posts: 312
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@ Mukiha if you don't want to start an abusive thread, then don't go mentioning people's names(especially politicians of kenya who are glorified by others ) .There always people waitng around the corner waiting for an opportunity to insult.Its uncalled for.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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@Wondergirl; it is important to mention prominent people's names, especially politicians, and especially when they goof. It helps us know the caliber of leadership we have. 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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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Wondergirl wrote: @ Mukiha if you don't want to start an abusive thread, then don't go mentioning people's names(especially politicians of kenya who are glorified by others ) .There always people waitng around the corner waiting for an opportunity to insult.Its uncalled for. My dear you hold your political leaders a bit too highly. Some of us prefer to treat them like the jokes they are. I have a lot of respect for the good Professor, he was by far the best Planning Minister and a reason why we enjoy some of the things we do today.
BBI will solve it :)
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Rank: New-farer Joined: 5/14/2010 Posts: 26 Location: kenya
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mukiha. yo the only person who has answered the original question of the post. Guys lets not laugh at others esp when they are seeking info. the author of the post was so innocent wen asking bout the diff in the 2. Though i liked the raila vs kamotho analogy lol! Roho Juu
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mukiha wrote:@2012; YES.... prof of political science...
@surealligator; if you compare some basic data of C&G and crown, you will understand why:
EPS: C&G = 8.8, Crown = 3.64
NAV: C&G = 57.8, Crown = 34.3
P/E: C&G = 5.7, Crown = 9.6 [this makes Crown almost twice MORE expensive!]
P/B: C&G = 0.86, Crown = 1.02 [this makes Crown 20% MORE expensive]
On these alone, it is clear that Crown at Sh35 is MORE expensive than C&G at Sh50. car and general is on my watchlist...its a good stock...in 2009 its the cost of sales that broke their necks..but this was due to tough economic times..
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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I once heard the CEO - the youthful Vijay Gidoomal - quip that he can't understand why the share is so expensive! Makes you wonder, doesn't it? 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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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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People are missing the point, look again A New Kenya
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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mukiha wrote:Reminds me of the comment by Prof Anyang' Nyong'o in the run up to SCOM IPO; "They are selling it at throw away! Sh5 is a joke; even KQ was sold for Sh11...." LOL... even the smart politicians make idiotic comments... just to look clever... and suddenly look not so smart! Lakini in Kenya, the problem is the wananchi are also idiots! Proof: 1) Electing the same corrupt bastards over & over again... be it moi or gumo or one of any of the fools/thieves! 2) Voting tribal above all else. 2008 is testament to this. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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2012 wrote:Wondergirl wrote: @ Mukiha if you don't want to start an abusive thread, then don't go mentioning people's names(especially politicians of kenya who are glorified by others ) .There always people waitng around the corner waiting for an opportunity to insult.Its uncalled for. My dear you hold your political leaders a bit too highly. Some of us prefer to treat them like the jokes they are. I have a lot of respect for the good Professor, he was by far the best Planning Minister and a reason why we enjoy some of the things we do today. Kenyan politicians are scummier than scum... - night-time swearing in among other shenanigans - corrupt to the core. Even whores have more self-respect. At least they dont pretend to be something else - Callous. Tax-free salaries/perks while Kenyans starve - Happy to use violence even when unjustified Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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How can you compare crown berger (paints) and C&G cars? In addition to the historic ratios (eps, p/e et al), one has to look at which between the has better future prospectsgiven industry compe, economy, float et al. The Governor of Nyeri - 2017
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Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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mukiha wrote:Reminds me of the comment by Prof Anyang' Nyong'o in the run up to SCOM IPO; "They are selling it at throw away! Sh5 is a joke; even KQ was sold for Sh11...." @Macmende Thanks, you pointed out the fact. Am learning, and relearning. Mukiha, I believe knows better but its good letting the fraternity here refresh their mind, mine included. @Mukiha It pissed me off when the bearded sister said Safcom shares are cheaper than KQ. I wonder if he got his Professorial papers from Togo or they were honorary. We need to see Wisdom in an elder for us to accord him respect. Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@waithaka - Does C&G do cars? I do not recall they do cars (unless they have a franchise I dont know of except Porsche... I think!) Otherwise, the point is well taken coz paint is easier to scale up... and Crown is the #1 name tho Basco has done well with Duracoat + marangi Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:@waithaka - Does C&G do cars?
I do not recall they do cars (unless they have a franchise I dont know of except Porsche... I think!)
Otherwise, the point is well taken coz paint is easier to scale up... and Crown is the #1 name tho Basco has done well with Duracoat + marangi @vvs C&G is a true jack of all trades. They do investment in real property, tire retreads, lawn mowers, motor bikes, tuk tuks, washing machines, generators, poultry and i dont know what else. Life is short. Live passionately.
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Why would C&G cost more than BERG share?
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