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4 Pages«<234
Williamson Tea & Kapchorua
Ebenyo
#61 Posted : Thursday, April 01, 2021 12:13:21 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,983
Location: Kitale
VituVingiSana wrote:
Fresh row over tea plucking machines as job losses mount

https://www.businessdail...ob-losses-mount-3342484
...sacking of thousands over the Covid-19 pandemic that was followed by their replacement with plucking machines. That's logical. With low tea prices, lots of competition and demands for higher wages mechanization is the way to go.

tea combine harvesters managed by four workers displace 45 workers.




“Plucking machines have been introduced in most tea producing countries and Kenya is not an exception especially in this era of mechanised agriculture,” said a senior manager

“The machines consume less fuel and are managed by one person who can do work for more than 20 tea pickers, cutting down on the cost of production by a greater margin,” argued a director at one of the tea companies.




It's not proper to fight evolving technology.
For shareholders,this is great because operational expenses of tea companies will come down.
WTK will create more surplus funds and their generosity will put money on shareholders pockets.
Towards the goal of financial freedom
Ebenyo
#62 Posted : Thursday, July 01, 2021 5:44:29 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,983
Location: Kitale
https://www.google.co.ke...nJeGPv9xEUN&ampcf=1

Williamson to pay kshs 10 dividend
Towards the goal of financial freedom
Ebenyo
#63 Posted : Friday, July 23, 2021 12:25:20 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,983
Location: Kitale
Virtual AGM has just ended.
Dividend will be paid on 15th August.
The company is banking on mechanization to reduce costs.
The 999 year leases will be reduced to 99 years.
Covid 19 pandemic affected tea prices.
Towards the goal of financial freedom
VituVingiSana
#64 Posted : Friday, August 20, 2021 3:08:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,559
Location: Nairobi
Dividends for FY2021 ni ndani.
I can only hope FY2022 will be good so they can keep paying nice dividends.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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