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Crown Paints FY18
Pesa Nane
#1 Posted : Friday, April 26, 2019 2:58:56 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#2 Posted : Friday, April 26, 2019 3:18:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,052
Location: Nairobi
The paint needs to be koroga'd!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#3 Posted : Friday, April 26, 2019 4:23:28 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
The paint needs to be koroga'd!


Tulia rangi ikauke
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#4 Posted : Monday, May 13, 2019 11:50:20 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#5 Posted : Monday, May 13, 2019 11:53:39 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
DIVIDEND
The Board of Directors has recommend a final dividend of KShs. 0.60 for 2018
(KShs. 0.60 in 2017) per share.

Bogus.
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#6 Posted : Tuesday, May 14, 2019 1:52:09 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,052
Location: Nairobi
Pesa Nane wrote:
Quote:
DIVIDEND
The Board of Directors has recommend a final dividend of KShs. 0.60 for 2018
(KShs. 0.60 in 2017) per share.

Bogus.
Better than many, many NSE-listed firms.
No dividends from NBK, KQ, FTGH, Express, etc.
Others lowered their Dividend eg KenyaRe, etc
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#7 Posted : Tuesday, May 14, 2019 8:21:34 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,664
Location: Kitale
VituVingiSana wrote:
Pesa Nane wrote:
Quote:
DIVIDEND
The Board of Directors has recommend a final dividend of KShs. 0.60 for 2018
(KShs. 0.60 in 2017) per share.

Bogus.
Better than many, many NSE-listed firms.
No dividends from NBK, KQ, FTGH, Express, etc.
Others lowered their Dividend eg KenyaRe, etc



I wonder why old companies like crown paints and it's peers are struggling with high level of debts? These were the old jewels but are now really struggling.Finance costs eats much of their revenues.
They are just benefiting debtors and not share holders.
Debt to equity ratio of old jewels:
Crown paints 234%
kenya power 408%
BAT-196%
EABL-246%

On the positive side,some old jewels have successfully managed to keep debts at low levels:
NMG-42%
Bamburi-52%
BOC-40%
Towards the goal of financial freedom
Ebenyo
#8 Posted : Tuesday, May 14, 2019 8:45:04 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,664
Location: Kitale
VituVingiSana wrote:
Pesa Nane wrote:
Quote:
DIVIDEND
The Board of Directors has recommend a final dividend of KShs. 0.60 for 2018
(KShs. 0.60 in 2017) per share.

Bogus.
Better than many, many NSE-listed firms.
No dividends from NBK, KQ, FTGH, Express, etc.
Others lowered their Dividend eg KenyaRe, etc



Crown paints and it's peers which are old jewels of the past are really struggling with debts.Finace costs are eating much of their revenues.This is benefiting debtors more than shareholders.
Debt to equity ratio of these old jewels are alarmingly too high:
Crown paints-234%
kenya power-408%
BAT-196%
EABL-246%

However, others successfully managed to keep debts at low levels:
Bamburi-40%
NMG-42%
Carbacid-13%
Towards the goal of financial freedom
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