Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Tuesday, Jan 28, 2020
Investor
We’re investing funds for profit. Join us and wazua!
FEATURE  

LATEST DISCUSSIONS
Safaricom 2019/2020 [219]
East African Cables [46]
Exchange Bar: Results forecast [2096]
Best Money Market fund in Kenya [271]
Kenya Power FY 2017/2018 [310]
Kenya Re - 2018 and beyond [280]
KCB 2018 and Beyond [516]
2020 Watch List - Buy/Sell [27]
Carbacid HY19 [33]
Mobile Loans Ponzi [190]
Kenya Airways...why ignore.. [14262]
Potential merger NIC + CBA [204]
Kenya Economy Watch [2459]
Uchumi - A value play? [486]
Rongai Road Expansion [63]
 
Forum Jump
Welcome Guest Search | Active Topics | Log In | Register

3 Pages<123>
East African Cables
2012
#21 Posted : Friday, June 11, 2010 12:57:24 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,576
Location: Nairobi
From yesterday's budget:

Import duty on aluminium conductors and cables has been increased from 10% to 25 %

Will this adversely affect EA Cables?

Stand for something or you will fall for anything. Today's mighty oak is yesterday's nut that held its ground. Rosa Parks
the deal
#22 Posted : Friday, June 11, 2010 1:33:20 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,511
Location: Windhoek/Nairobbery
2012 wrote:
From yesterday's budget:

Import duty on aluminium conductors and cables has been increased from 10% to 25 %

Will this adversely affect EA Cables?

Definitely they will be affected but they might benefit from the power billions in the budjet...
Mpenzi
#23 Posted : Friday, June 11, 2010 3:40:36 PM
Rank: Veteran


Joined: 10/17/2008
Posts: 1,234
I would imagine that EA Cables benefits from this as they manufacture cables locally or am I missing something here?
2012
#24 Posted : Friday, June 11, 2010 4:20:41 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,576
Location: Nairobi
Mpenzi wrote:
I would imagine that EA Cables benefits from this as they manufacture cables locally or am I missing something here?


We don't mine aluminum or copper in Kenya.

Stand for something or you will fall for anything. Today's mighty oak is yesterday's nut that held its ground. Rosa Parks
VituVingiSana
#25 Posted : Friday, June 11, 2010 7:03:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,638
Location: Nairobi
EA Cables used their political heft here but it will benefit since it MANUFACTURES cables locally...

EAC imports copper (Zambia) & Aluminum... The tax on the imported FINISHED products has gone up...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
BGL
#26 Posted : Saturday, July 10, 2010 10:55:02 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,208
This is one stock which the market has decided to punish. It closed the year at Ksh 20.25 and six months later it has made 0.0% gains. I thought by venturing into the fibre-optic manufacturing plus their regional expansion would excite the market.

Back to the Technical analysts, which direction will this stock take in the short term.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
VituVingiSana
#27 Posted : Saturday, July 10, 2010 11:02:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,638
Location: Nairobi
BGL wrote:
This is one stock which the market has decided to punish. It closed the year at Ksh 20.25 and six months later it has made 0.0% gains. I thought by venturing into the fibre-optic manufacturing plus their regional expansion would excite the market.

Back to the Technical analysts, which direction will this stock take in the short term.

Before you conclude the market has 'punished' EA Cables...

1) What is the EPS for 2009 thus we can calculate historical PER
2) What is the 'projected' EPS?
3) What is NAV without 'goodwill'?
4) How is the management/new CEO? [Mugo Kibati quit]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#28 Posted : Saturday, July 17, 2010 10:52:17 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,638
Location: Nairobi
Hmmm... PROFIT WARNING due to bad debts in Tanzania & poor business climate there... Kenya has done well as KPLC expands...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#29 Posted : Monday, July 19, 2010 11:24:07 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,511
Location: Windhoek/Nairobbery
i think speculators will learn their lesson here...on friday this counter gained 7.5%...today its DOWN 13.3%...
the deal
#30 Posted : Monday, July 19, 2010 11:36:44 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,511
Location: Windhoek/Nairobbery
sparkly wrote:
Wondergirl wrote:
Whats up with this share? Its price is just going down. I was actualy hoping that the price starts going up in anticipation for year end results?Sad

Undervalued because of unique operational challenges in 2009- high commodity prices and manufacturing plant upgrades. Expect modest results for 2009. Company has a long history of profitability and dividend payment. Buy more if you can. Future is bright.

i hope u didnt buy more due to @sparkly advice...
guru267
#31 Posted : Monday, July 19, 2010 11:43:47 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,673
Location: Nairobi
Profit warnings should be banned.... The guys who were buying on friday are gettin fried alive today.... The guys who sold on friday are way above the clouds...
Mark 12:29
Deuteronomy 4:16
sheep
#32 Posted : Monday, July 19, 2010 11:44:03 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
The down season is here with us mpaka october...expect 50% losses on some counters.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
Jaguar
#33 Posted : Monday, July 19, 2010 11:53:05 AM
Rank: Member


Joined: 6/7/2007
Posts: 263
Location: humu humu
NAIROBI (Reuters) - Kenya's East African Cables on Saturday issued a profit warning for the financial year ending December due to unsatisfactory performance by its Tanzanian unit.

The company recorded a 51 percent drop in pre-tax profit for the first quarter of 2010 to 84.67 million Kenya shillings, due to high metal prices that put pressure on its margins.

East African Cables said its Kenyan unit was strong and profitable, but its Tanzanian unit was not faring well.

"A decline in profitability has occurred within our subsidiary in Tanzania ... arising from ... significant provisioning of bad and doubtful debts and inventory ... (and) continued volatility in sales in the Tanzanian utility sector," it said in a statement published in the local Nation newspaper.

"The impact of the above factors, which see the subsidiary report a significant loss, will be reflected in the group's unaudited results of the first half of this financial year..."

East African Cables' shares closed Friday trade on the Nairobi Stock Exchange at 21.75 shillings, from 20.25 shillings a day earlier.

http://af.reuters.com/ar...ws/idAFJOE66G01920100717
Wa_ithaka
#34 Posted : Monday, July 19, 2010 12:12:48 PM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
guru267- I am surprised to hear you say profit warnings should be banned. I believe CMA/NSE explicitly requires listed firms to notify firms of material changes in the firms' perfomance
The Governor of Nyeri - 2017
winston
#35 Posted : Monday, July 19, 2010 1:03:49 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
sheep wrote:
The down season is here with us mpaka october...expect 50% losses on some counters.


Please elaborate...I thought (other than the Referendum) the release of first half results and the improved economic forecasts should spur the market or at the very least hold steady?
mukiha
#36 Posted : Monday, July 19, 2010 1:52:39 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
Profit warning is just a blip in an otherwise good company. Every electrician I talk to sings praise of wire from from EA Cables. They are pricy but are recognised as the best in the market....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
mukiha
#37 Posted : Monday, July 19, 2010 1:54:48 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
VituVingiSana wrote:
EA Cables used their political heft here but it will benefit since it MANUFACTURES cables locally...

EAC imports copper (Zambia) & Aluminum... The tax on the imported FINISHED products has gone up...

Isn't duty on imported finished products what we've been advocating for all these years?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
VituVingiSana
#38 Posted : Tuesday, December 03, 2019 9:58:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,638
Location: Nairobi
https://www.businessdail...0620-mn9kukz/index.html Competition
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Kusadikika
#39 Posted : Tuesday, December 03, 2019 11:36:18 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,647
VituVingiSana wrote:
https://www.businessdailyafrica.com/corporate/companies/Firm-targets-real-estate-with-Sh1bn-cables-factory/4003102-5370620-mn9kukz/index.html Competition


Ukishindana na ndovu kunya utapasuka msamba. The only way you can make money in manufacturing things in Kenya that can be procured way cheaper from China is if you have a personal relationship with everybody on the board of Kenya Power and the whole management including everyone in procurement and they have assured you that they will pay you 10 times the market price of cables and you have deposited their cut from the deal even before you begin construction of the factory......... You also need to have contacts at the port and all border points to ensure no cables ever enter Kenya for at least 5 years..

FUNKY
#40 Posted : Monday, January 27, 2020 1:06:08 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,581
BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA
Users browsing this topic
Guest (3)
3 Pages<123>
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.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2020 Wazua.co.ke. All Rights Reserved.