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Nation Media Group HY 2019 profit down 24%
VituVingiSana
#41 Posted : Thursday, August 29, 2019 10:28:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,100
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.
Which other firm, except banks, has survived vs a First Family business?

Even banks have been bashed seriously by rate cap.
Except the bank/s that were lending via M-Pesa and M-Shwari! Which ones were heavily into that business?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#42 Posted : Friday, August 30, 2019 1:09:58 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,805
Location: Enk are Nyirobi
murchr wrote:
watesh wrote:
sparkly wrote:
Kusadikika wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.
Which other firm, except banks, has survived vs a First Family business?


The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions.



On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River.

Taking down the competition


Didn't brookside buy Sameer dairy?


They bought Sameer Dairy Uganda operations. Seems they have set their eyes on Sameer Dairy Kenya operations. State capture with impunity.
Life is short. Live passionately.
Ericsson
#43 Posted : Friday, August 30, 2019 6:54:24 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,567
Location: NAIROBI
sparkly wrote:
murchr wrote:
watesh wrote:
sparkly wrote:
Kusadikika wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.
Which other firm, except banks, has survived vs a First Family business?


The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions.



On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River.

Taking down the competition


Didn't brookside buy Sameer dairy?


They bought Sameer Dairy Uganda operations. Seems they have set their eyes on Sameer Dairy Kenya operations. State capture with impunity.

Kenyatta family and Merali are friends/buddies.
chiaroscuro
#44 Posted : Friday, August 30, 2019 9:11:34 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,127
Location: Nairobi
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.



Who is the majority shareholder in NMG?

Think about that first.
Ebenyo
#45 Posted : Friday, August 30, 2019 9:34:20 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,830
Location: Kitale
chiaroscuro wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.
Towards the goal of financial freedom
VituVingiSana
#46 Posted : Friday, August 30, 2019 10:15:40 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,100
Location: Nairobi
Ericsson wrote:
sparkly wrote:
murchr wrote:
watesh wrote:
sparkly wrote:
Kusadikika wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.
Which other firm, except banks, has survived vs a First Family business?


The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions.



On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River.

Taking down the competition


Didn't brookside buy Sameer dairy?


They bought Sameer Dairy Uganda operations. Seems they have set their eyes on Sameer Dairy Kenya operations. State capture with impunity.

Kenyatta family and Merali are friends/buddies.
People fall out over money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
chiaroscuro
#47 Posted : Friday, August 30, 2019 10:27:33 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,127
Location: Nairobi
Ebenyo wrote:
chiaroscuro wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.


True. Now think about that and the battle with the Kenyatta's Mediamax....

What else does Aga Khan own in Kenya - other than the usual suspects [Jubilee Ins, BTB, IPB] there are many other crucial investments....

Now let's think about that and try to guess if the Kenyatta's would be wise to pick a fight with NMG

I don't think NMG's challenges are from the competition. The entire media industry is undergoing a major shift globally. Revenue streams are steadily declining and so are profits.

Only the smart ones will survive this shift. Do not assume that Mediamax is doing well. Ask yourself why they felt the need to make People Daily a free sheet.... They weren't selling much.

Standard Group is performing much worse. Earlier this year they almost shut down the paper due to losses. [KTN is their cash cow].

The question really is whether any traditional media house will survive the next 10 years.
sparkly
#48 Posted : Friday, August 30, 2019 11:58:52 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,805
Location: Enk are Nyirobi
chiaroscuro wrote:
Ebenyo wrote:
chiaroscuro wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.


True. Now think about that and the battle with the Kenyatta's Mediamax....

What else does Aga Khan own in Kenya - other than the usual suspects [Jubilee Ins, BTB, IPB] there are many other crucial investments....

Now let's think about that and try to guess if the Kenyatta's would be wise to pick a fight with NMG

I don't think NMG's challenges are from the competition. The entire media industry is undergoing a major shift globally. Revenue streams are steadily declining and so are profits.

Only the smart ones will survive this shift. Do not assume that Mediamax is doing well. Ask yourself why they felt the need to make People Daily a free sheet.... They weren't selling much.

Standard Group is performing much worse. Earlier this year they almost shut down the paper due to losses. [KTN is their cash cow].

The question really is whether any traditional media house will survive the next 10 years.


Don't underestimate state power. NMG were locked out of digital migration deal. Nation TV was shut down during the people's president swearing in. GOK started printing it's own paper, circulated "for free" in the People Daily. GOK owes hundreds of millions in unpaid bills to GOK.
Life is short. Live passionately.
watesh
#49 Posted : Friday, August 30, 2019 12:14:00 PM
Rank: Member


Joined: 8/10/2014
Posts: 825
Location: Kenya
chiaroscuro wrote:
Ebenyo wrote:
chiaroscuro wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.


True. Now think about that and the battle with the Kenyatta's Mediamax....

What else does Aga Khan own in Kenya - other than the usual suspects [Jubilee Ins, BTB, IPB] there are many other crucial investments....

Now let's think about that and try to guess if the Kenyatta's would be wise to pick a fight with NMG

I don't think NMG's challenges are from the competition. The entire media industry is undergoing a major shift globally. Revenue streams are steadily declining and so are profits.

Only the smart ones will survive this shift. Do not assume that Mediamax is doing well. Ask yourself why they felt the need to make People Daily a free sheet.... They weren't selling much.

Standard Group is performing much worse. Earlier this year they almost shut down the paper due to losses. [KTN is their cash cow].

The question really is whether any traditional media house will survive the next 10 years.

They will survive only if their digital platforms start generating as much revenue as their traditional newspaper ventures. For NMG they have to try and create a better platform to run ads directly and cut out the middle man (Google Adsense) who takes 45% of the cut. Run adsense as a back up. They should make it easy for small businesses to advertise on their sites for even as little as 1,000 bob. If they can get the platform to geo-target different locations in Kenya such that one can advertise to people in a specific area (county), the better. Digital has so much opportunity, its just more on the execution that they need to pull up their socks. It so much easier to advertise on Facebook and Instagram for as little as Ksh500. NMG should invest in a platform with similar capabilites for advertisers.
chiaroscuro
#50 Posted : Friday, August 30, 2019 12:30:25 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,127
Location: Nairobi
sparkly wrote:
chiaroscuro wrote:
Ebenyo wrote:
chiaroscuro wrote:
sparkly wrote:
obiero wrote:
chiaroscuro wrote:
NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn

Now they report a 24% drop in HY PBT

What do you think will happen by end of year?

The trend is very clear.

Time for those who are in to implement exit strategies - you do have exit strategies, don't you?

And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up


First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now.

NMG needs to adapt fast and grow revenue before they turn into another failed company:

1. Reinvigorate old revenue lines
a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases;
b) Nation Business Directory - Should have gone online by now.
c) n-soko - Whatever happened to this?

2. Invest in new business lines:
a) Digital news distribution channels;
b) Events and promotions;
C) Niche market radio and TV stations;
d) Financial data services like Reuters.



Who is the majority shareholder in NMG?

Think about that first.



Agakhan is the majority shareholder.


True. Now think about that and the battle with the Kenyatta's Mediamax....

What else does Aga Khan own in Kenya - other than the usual suspects [Jubilee Ins, BTB, IPB] there are many other crucial investments....

Now let's think about that and try to guess if the Kenyatta's would be wise to pick a fight with NMG

I don't think NMG's challenges are from the competition. The entire media industry is undergoing a major shift globally. Revenue streams are steadily declining and so are profits.

Only the smart ones will survive this shift. Do not assume that Mediamax is doing well. Ask yourself why they felt the need to make People Daily a free sheet.... They weren't selling much.

Standard Group is performing much worse. Earlier this year they almost shut down the paper due to losses. [KTN is their cash cow].

The question really is whether any traditional media house will survive the next 10 years.


Don't underestimate state power. NMG were locked out of digital migration deal. Nation TV was shut down during the people's president swearing in. GOK started printing it's own paper, circulated "for free" in the People Daily. GOK owes hundreds of millions in unpaid bills to GOK.


No. They were NOT locked out of the deal. They messed up and locked themselves out. They had been offered a chance to bid but did not take it seriously. Their bid was incompetently and hurriedly done - didn't even attache audited financial statements!

Then the silly move of going to court...albeit their right to do so, it was very unwise on their part. Also done in a hurry after Aga Khan expressed dismay at NMG missing the chance to get Digital Carrier licence.

Anyway, that is now water under the bridge....



FUNKY
#51 Posted : Saturday, August 31, 2019 5:43:38 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,615
BREAKING NEWS

Nation Media Group (NMG) principal shareholder Aga Khan could be considering divesting from media business in Kenya, a move that could see him sell off his vast interests in print and broadcasting industries in Kenya. President UHURU KENYATTA was rumoured to be making a move on a buy-out of the MEDIA giant.
Ericsson
#52 Posted : Sunday, September 01, 2019 7:44:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,567
Location: NAIROBI
FUNKY wrote:
BREAKING NEWS

Nation Media Group (NMG) principal shareholder Aga Khan could be considering divesting from media business in Kenya, a move that could see him sell off his vast interests in print and broadcasting industries in Kenya. President UHURU KENYATTA was rumoured to be making a move on a buy-out of the MEDIA giant.


Verify Funky
murchr
#53 Posted : Sunday, September 01, 2019 7:46:38 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,606
Ericsson wrote:
FUNKY wrote:
BREAKING NEWS

Nation Media Group (NMG) principal shareholder Aga Khan could be considering divesting from media business in Kenya, a move that could see him sell off his vast interests in print and broadcasting industries in Kenya. President UHURU KENYATTA was rumoured to be making a move on a buy-out of the MEDIA giant.


Verify Funky



Laughing out loudly is this a yearly thing?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
VyaBureSiachi
#54 Posted : Sunday, September 01, 2019 10:09:17 AM
Rank: New-farer


Joined: 2/27/2018
Posts: 48
Location: Cambrian Dc
FUNKY wrote:
BREAKING NEWS

Nation Media Group (NMG) principal shareholder Aga Khan could be considering divesting from media business in Kenya, a move that could see him sell off his vast interests in print and broadcasting industries in Kenya. President UHURU KENYATTA was rumoured to be making a move on a buy-out of the MEDIA giant.

I smell a pump-and-dump. The share has been on a sustained downward slide, despite the indication that they will maintain the same dividend payout. Once books close it should go below ksh.35 easily.
"could be considering" that phrase is packed with plausible deniability.
If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
rwitre
#55 Posted : Sunday, September 01, 2019 11:12:57 AM
Rank: Member


Joined: 3/8/2018
Posts: 433
Location: Nairobi
VyaBureSiachi wrote:
FUNKY wrote:
BREAKING NEWS

Nation Media Group (NMG) principal shareholder Aga Khan could be considering divesting from media business in Kenya, a move that could see him sell off his vast interests in print and broadcasting industries in Kenya. President UHURU KENYATTA was rumoured to be making a move on a buy-out of the MEDIA giant.

I smell a pump-and-dump. The share has been on a sustained downward slide, despite the indication that they will maintain the same dividend payout. Once books close it should go below ksh.35 easily.
"could be considering" that phrase is packed with plausible deniability.


These rumours have been doing rounds since early last year.

Straight from the horses mouth in April 2018

Quote:

Nation Media Group (NMG) has dispelled rumours being spread on social media that the company would be sold.

Speaking on Saturday at the Nation Golf Classic dinner held at the Nakuru Golf Club, NMG acting Chief Executive Officer Stephen Gitagama (now CEO) urged Kenyans to ignore the rumours.

"The rumour going round in the country is unfounded, this is not true," Mr Gitagama told the audience which included golfers, Nation clients and company staff.

Mr Gitagama said NMG is a public-listed company owned by Kenyans through shares.

“So, if you want to buy Nation shares, just walk to your stock broker and buy [your] shares of choice. But the company is not for sale,” he added.

the group’s Board Chairman Wilfred Kiboro reiterated the same message that the company is not for sale.

"Some of you, may have read about this crazy thing about Nation Media Group being sold to the First Family," he said, referring to the family of President Uhuru Kenyatta.

"I want to confirm to everybody, NMG is not for sale. The only way to buy Nation Media is through the stock exchange."


Ericsson
#56 Posted : Thursday, September 26, 2019 9:49:55 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,567
Location: NAIROBI
KCB and NMG trading at same share price.
A few years ago NMG was trading at 5 times KCB share price.
ARAPCHARLEE
#57 Posted : Saturday, May 30, 2020 10:08:26 AM
Rank: New-farer


Joined: 4/28/2019
Posts: 67
Location: Talai
SAFARICOM PARTNERS WITH MEDIA HOUSES TO UNVEIL KES 20 DIGITAL NEWSPAPERS

https://www.safaricom.co...qXS3TKCbc7ji42rW_hqTGtvk
obiero
#58 Posted : Saturday, May 30, 2020 1:59:02 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,767
Location: nairobi
Ericsson wrote:
KCB and NMG trading at same share price.
A few years ago NMG was trading at 5 times KCB share price.

Can you believe it. Check out the 52 week range
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Angelica _ann
#59 Posted : Wednesday, June 24, 2020 1:01:46 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,603
Headed to 15 bob, this is crazy at the casino!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
amorphous
#60 Posted : Wednesday, June 24, 2020 2:05:22 PM
Rank: Member


Joined: 5/15/2019
Posts: 267
Location: planet earth
Angelica _ann wrote:
Headed to 15 bob, this is crazy at the casino!!!!



You mean some of you still have high hopes in the casino post covid? Laughing out loudly Laughing out loudly Laughing out loudly
Wait till the loss numbers of the other companies come in.
Flee the casino NOW NOW NOWWWWWWWW before you lose your shirts!!!Laughing out loudly
Amorphously amorphous
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