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Bamburi Cement 2019
sparkly
#21 Posted : Friday, January 24, 2020 6:52:13 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,569
Location: Enk are Nyirobi
xxxxx wrote:
heri wrote:
Ericsson wrote:
lochaz-index wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
Angelica _ann wrote:
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making


1. Higher depreciation charge from new capacity commissioned amidst flat revenue

2. Impairment of assets associated with Rwanda

3. Higher finance costs to finance capacity expansion in Uganda

4. High energy & logistics costs

5. No SGR sales

6. Closure of Uganda-Rwanda border


Looks like the new Finance Director (Grace) was cleaning the books.


I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero

Turnover is also showing signs of extreme trouble


So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement???

Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019?


Bamburi Cement has hit new 17 year low.

From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH.


will such opportunities come by again in my lifetime?


Now's your opportunity to load up on Bamburi


Effects of cement price wars.
Life is short. Live passionately.
xxxxx
#22 Posted : Saturday, January 25, 2020 4:09:55 PM
Rank: Member


Joined: 3/20/2008
Posts: 482
sparkly wrote:
xxxxx wrote:
heri wrote:
Ericsson wrote:
lochaz-index wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
Angelica _ann wrote:
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making


1. Higher depreciation charge from new capacity commissioned amidst flat revenue

2. Impairment of assets associated with Rwanda

3. Higher finance costs to finance capacity expansion in Uganda

4. High energy & logistics costs

5. No SGR sales

6. Closure of Uganda-Rwanda border


Looks like the new Finance Director (Grace) was cleaning the books.


I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero

Turnover is also showing signs of extreme trouble


So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement???

Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019?


Bamburi Cement has hit new 17 year low.

From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH.


will such opportunities come by again in my lifetime?


Now's your opportunity to load up on Bamburi


Effects of cement price wars.


Will it go below 60?
sparkly
#23 Posted : Saturday, January 25, 2020 5:13:24 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,569
Location: Enk are Nyirobi
xxxxx wrote:
sparkly wrote:
xxxxx wrote:
heri wrote:
Ericsson wrote:
lochaz-index wrote:
xxxxx wrote:
obiero wrote:
xxxxx wrote:
Angelica _ann wrote:
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making


1. Higher depreciation charge from new capacity commissioned amidst flat revenue

2. Impairment of assets associated with Rwanda

3. Higher finance costs to finance capacity expansion in Uganda

4. High energy & logistics costs

5. No SGR sales

6. Closure of Uganda-Rwanda border


Looks like the new Finance Director (Grace) was cleaning the books.


I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero

Turnover is also showing signs of extreme trouble


So....at 72 and continuing the steep decline, is Bamburi Cement the new ARM Cement???

Whoa! The beating on this counter is a sight to behold. Currently at around 70 a piece it is trading below its 2005 lows with a seemingly unabating sell off. Is the firm staring at a loss for FY 2019?


Bamburi Cement has hit new 17 year low.

From 2002 to 2004, it rose from Sh15 to Sh126 (+740% in just 2 years). My God, Kibaki made people RICH.


will such opportunities come by again in my lifetime?


Now's your opportunity to load up on Bamburi


Effects of cement price wars.


Will it go below 60?


No one knows. I thought NMG was a steal at 120. Now the thing is trading at 35!
Life is short. Live passionately.
sparkly
#24 Posted : Wednesday, January 29, 2020 6:31:43 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,569
Location: Enk are Nyirobi
Ebenyo
#25 Posted : Wednesday, January 29, 2020 9:01:45 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,791
Location: Kitale




This marks the end of EAPC and Bamburi as well
Towards the goal of financial freedom
Angelica _ann
#26 Posted : Wednesday, January 29, 2020 10:22:20 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,187
Ebenyo wrote:


UMK didnt participate in the killing of EAPC. Bad governance and management killed it.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#27 Posted : Wednesday, January 29, 2020 10:59:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,019
Location: NAIROBI
Ebenyo wrote:


Bamburi can't die.It has it's niche market
Ericsson
#28 Posted : Wednesday, January 29, 2020 11:01:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,019
Location: NAIROBI


EA Portland and Bamburi cement will be joined together/merged.
Mark this post.
sparkly
#29 Posted : Wednesday, January 29, 2020 8:58:17 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,569
Location: Enk are Nyirobi
Angelica _ann wrote:
Ebenyo wrote:


UMK didnt participate in the killing of EAPC. Bad governance and management killed it.


As Head of State, he should be concerned with how EAPC, a State Corporation is doing before launching private cement companies.
Life is short. Live passionately.
Ericsson
#30 Posted : Wednesday, January 29, 2020 10:57:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,019
Location: NAIROBI
sparkly wrote:
Angelica _ann wrote:
Ebenyo wrote:


UMK didnt participate in the killing of EAPC. Bad governance and management killed it.


As Head of State, he should be concerned with how EAPC, a State Corporation is doing before launching private cement companies.


EAPC was looted to the bone marrow and denied business because of 10%
Ericsson
#31 Posted : Thursday, January 30, 2020 6:22:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,019
Location: NAIROBI
Bamburi closes at 66.50
Balaa
#32 Posted : Friday, January 31, 2020 7:37:55 AM
Rank: Member


Joined: 7/6/2018
Posts: 106
Location: Kinshasa
Ericsson wrote:
Bamburi closes at 66.50


This one's a falling knife, a la NMG. I stopped averaging @90. Poised to drop further. 60 could be calling. Pray
Ericsson
#33 Posted : Friday, January 31, 2020 10:11:37 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,019
Location: NAIROBI
Balaa wrote:
Ericsson wrote:
Bamburi closes at 66.50


This one's a falling knife, a la NMG. I stopped averaging @90. Poised to drop further. 60 could be calling. Pray



https://pbs.twimg.com/me...mat=jpg&name=900x900
xxxxx
#34 Posted : Friday, January 31, 2020 10:17:43 AM
Rank: Member


Joined: 3/20/2008
Posts: 482
Balaa wrote:
Ericsson wrote:
Bamburi closes at 66.50


This one's a falling knife, a la NMG. I stopped averaging @90. Poised to drop further. 60 could be calling. Pray


Hahaha...you should go all in. If you bought it at 90 a few weeks back, and it was a good investment, why not buy it at 60?
lochaz-index
#35 Posted : Friday, January 31, 2020 10:32:07 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,014
Ericsson wrote:
Bamburi closes at 66.50

Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal.
The main purpose of the stock market is to make fools of as many people as possible.
Ericsson
#36 Posted : Friday, January 31, 2020 11:27:39 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,019
Location: NAIROBI
lochaz-index wrote:
Ericsson wrote:
Bamburi closes at 66.50

Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal.


https://pbs.twimg.com/me...mat=jpg&name=900x900
VituVingiSana
#37 Posted : Sunday, February 02, 2020 7:10:29 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,716
Location: Nairobi
Ericsson wrote:
lochaz-index wrote:
Ericsson wrote:
Bamburi closes at 66.50

Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal.


https://pbs.twimg.com/me...at=jpg&name=900x900
Laughing out loudly Laughing out loudly Laughing out loudly Jamaa says banning imports of clinker will make cement cheaper. How now?
Jamaa just wants to fleece Kenyans by providing clinker at higher prices than the imports.

Let him compete vs the imported clinker.

On the high cost and unreliability of electricity supply, he has a point.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Fyatu
#38 Posted : Tuesday, February 04, 2020 11:56:41 AM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,693
Location: Nakuru
VituVingiSana wrote:
Ericsson wrote:
lochaz-index wrote:
Ericsson wrote:
Bamburi closes at 66.50

Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal.


https://pbs.twimg.com/me...at=jpg&name=900x900



Laughing out loudly Laughing out loudly Laughing out loudly Jamaa says banning imports of clinker will make cement cheaper. How now?
Jamaa just wants to fleece Kenyans by providing clinker at higher prices than the imports.

Let him compete vs the imported clinker.

On the high cost and unreliability of electricity supply, he has a point.


hhehehehe,,,..Laughing out loudly Laughing out loudly

Guru has spilled the beans about ARM in todays sub-Standard. Kumbe our factory in kaloleni was outdated by 25 years..
Dumb money becomes dumb only when it listens to smart money
Ericsson
#39 Posted : Tuesday, February 04, 2020 12:48:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,019
Location: NAIROBI
Fyatu wrote:
VituVingiSana wrote:
Ericsson wrote:
lochaz-index wrote:
Ericsson wrote:
Bamburi closes at 66.50

Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal.


https://pbs.twimg.com/me...at=jpg&name=900x900



Laughing out loudly Laughing out loudly Laughing out loudly Jamaa says banning imports of clinker will make cement cheaper. How now?
Jamaa just wants to fleece Kenyans by providing clinker at higher prices than the imports.

Let him compete vs the imported clinker.

On the high cost and unreliability of electricity supply, he has a point.


hhehehehe,,,..Laughing out loudly Laughing out loudly

Guru has spilled the beans about ARM in todays sub-Standard. Kumbe our factory in kaloleni was outdated by 25 years..

Post link
Fyatu
#40 Posted : Tuesday, February 04, 2020 1:02:12 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,693
Location: Nakuru
Ericsson wrote:
Fyatu wrote:
VituVingiSana wrote:
Ericsson wrote:
lochaz-index wrote:
Ericsson wrote:
Bamburi closes at 66.50

Would have made a superb shorting candidate in the futures market. Wonder why it was taken off along with kengen from the initial proposal.


https://pbs.twimg.com/me...at=jpg&name=900x900



Laughing out loudly Laughing out loudly Laughing out loudly Jamaa says banning imports of clinker will make cement cheaper. How now?
Jamaa just wants to fleece Kenyans by providing clinker at higher prices than the imports.

Let him compete vs the imported clinker.

On the high cost and unreliability of electricity supply, he has a point.


hhehehehe,,,..Laughing out loudly Laughing out loudly

Guru has spilled the beans about ARM in todays sub-Standard. Kumbe our factory in kaloleni was outdated by 25 years..

Post link


That Muhindi Paunrana really did us in......LINK
Dumb money becomes dumb only when it listens to smart money
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