Kenya Commercial Bank Limited (KCB.tz) HY2016 Interim Report

first_imgKenya Commercial Bank Limited (KCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2016 interim results for the half year.For more information about Kenya Commercial Bank Limited (KCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited (KCB.tz) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (KCB.tz)  2016 interim results for the half year.Company ProfileKenya Commercial Bank Limited is a leading financial institution in Tanzania offering retail and corporate banking services as well as mortgages, treasury and Bancassurance services. Kenya Commercial Bank offers financial solutions ranging from current accounts, overdrafts and loans to fixed and short-term deposits, mortgage finance, trade finance and forex, and business investment accounts. The banking institution participates in investments in Treasury Bills and Bonds with the central banks. Wholly-owned subsidiaries in the banking group include Kenya Commercial Finance Company Limited, Savings & Loan Kenya Limited, Kenya Commercial Bank Nominees Limited, Kencom House Limited, KCB Tanzania Limited, KCB Sudan Limited, KCB Rwanda SA and KCB Uganda Limited. Kenya Commercial Bank Limited is listed on the Dar es Salaam Stock Exchange.last_img read more

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Dangote Cement Plc (DANGCE.ng) 2016 Annual Report

first_imgDangote Cement Plc (DANGCE.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2016 annual report.For more information about Dangote Cement Plc (DANGCE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Dangote Cement Plc (DANGCE.ng) company page on AfricanFinancials.Document: Dangote Cement Plc (DANGCE.ng)  2016 annual report.Company ProfileDangote Cement Plc manufactures, packages and distributes cement and related products for the limestone mining, coal production and property investment sectors in Nigeria and the rest of Africa. The company has operations in Nigeria, Benin and Ghana, Cameroon, Congo, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania and Zambia and exports internationally. Dangote Cement Plc operates the largest cement plant in sub-Saharan Africa, the Obajana Cement Plant. Cement bagged and distributed by Dangote Cement Plc is required of the limestone mining, coal production and property investment sectors. Formerly known as Obajana Cement Plc, the company changed its name to Dangote Cement Plc in 2010. The company is a subsidiary of Dangote Industries Limited. Its head office is in Lagos, Nigeria. Dangote Cement Plc is listed on the Nigerian Stock Exchangelast_img read more

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Lasaco Assurance Plc (LASACO.ng) HY2017 Interim Report

first_imgLasaco Assurance Plc (LASACO.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2017 interim results for the half year.For more information about Lasaco Assurance Plc (LASACO.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Lasaco Assurance Plc (LASACO.ng) company page on AfricanFinancials.Document: Lasaco Assurance Plc (LASACO.ng)  2017 interim results for the half year.Company ProfileLasaco Assurance Plc is a composite insurance and financial services company in Nigeria licensed to underwrite business in major sectors of the economy. This includes the heavy engineering, construction, banking and finance, manufacturing, agriculture and tourism sectors. Lasaco Assurance Plc’s business portfolio includes leadership and a significant stake in key federal and state government insurance businesses, multinational and private companies. The company also offers life cover to high-tech, capital intensive and special risk sectors such as oil and gas and aerospace. Lasaco Assurance Plc has business interests in property development and management as well as shareholdings in numerous blue chip enterprises. The company’s head office is in Lagos, Nigeria. Lasaco Assurance Plc is listed on the Nigerian Stock Exchangelast_img read more

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Beta Glass Company (BETAGL.ng) 2017 Abridged Report

first_imgBeta Glass Company (BETAGL.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2017 abridged results.For more information about Beta Glass Company (BETAGL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Beta Glass Company (BETAGL.ng) company page on AfricanFinancials.Document: Beta Glass Company (BETAGL.ng)  2017 abridged results.Company ProfileBeta Glass Company Plc manufactures, distributes and sells glassware for the local market in Nigeria and for international export. The company supplies glass bottles and containers to the soft drinks, wine and spirits, pharmaceutical and cosmetic sectors in Nigeria as well as exports to Benin, Burkina Faso, Cameroon, Gabon, Gambia, Ghana, Guinea, Liberia, Mauritius, Senegal, Sierra Leone and Togo. Beta Glass Company has manufacturing plants in Agbara Ogun state and in Ughelli Delta state. The company is a subsidiary of Frigoglass Industries Nigeria Plc. Its head office is in Lagos, Nigeria. Beta Glass Company Plc is listed on the Nigerian Stock Exchangelast_img read more

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Vodacom Tanzania Limited (VODA.tz) HY2018 Interim Report

first_imgVodacom Tanzania Limited (VODA.tz) listed on the Dar es Salaam Stock Exchange under the Technology sector has released it’s 2018 interim results for the half year.For more information about Vodacom Tanzania Limited (VODA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Vodacom Tanzania Limited (VODA.tz) company page on AfricanFinancials.Document: Vodacom Tanzania Limited (VODA.tz)  2018 interim results for the half year.Company ProfileVodacom Tanzania Plc is a telecommunication company in Tanzania offering products and services ranging from voicemail, data and messaging to leased lines, PABX and international connectivity and remote satellite communication. Vodacom Tanzania also offers products and services for mobile banking, hosting, data storage, disaster recovery and security solutions. Vodacom Tanzania supports Vodacom M-Pesa, a financial app used to send money using a mobile phone; and Vodacom M-Pawa which allows customers to access savings and loan accounts. The company has active roaming agreements with global operators including T-Mobile USA Inc, Vodafone Limited (UK) and Vodafone Limited (India). Vodacom Tanzania Plc is a subsidiary of Vodacom Group Limited. Vodacom Tanzania Limited is listed on the Dar es Salaam Stock Exchangelast_img read more

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Cornerstone Insurance Company Plc (CORNER.ng) 2019 Abridged Report

first_imgCornerstone Insurance Company Plc (CORNER.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2019 abridged results.For more information about Cornerstone Insurance Company Plc (CORNER.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Cornerstone Insurance Company Plc (CORNER.ng) company page on AfricanFinancials.Document: Cornerstone Insurance Company Plc (CORNER.ng)  2019 abridged results.Company ProfileCornerstone Insurance Company Plc is an insurance company in Nigeria offering products for life and non-life classes. The company provides risk underwriting and related financial services for individuals, corporate and institutional customers. This includes products for motor vehicles, aviation, marine, engineering all risks, asset protection, liability to third party, oil and gas, group life, credit life, mortgage protection, term assurance, wealth creation and Islamic insurance. Cornerstone Insurance Company Plc was the first insurance company in Nigeria to provide customers with an online platform for insurance transactions. The company’s services are easily accessible through internet and mobile technology. Cornerstone Insurance Company Plc’s head office is in Lagos, Nigeria. Cornerstone Insurance Company Plc is listed on the Nigerian Stock Exchangelast_img read more

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Sasini Limited (SASN.ke) 2019 Abridged Report

first_imgSasini Limited (SASN.ke) listed on the Nairobi Securities Exchange under the Food sector has released it’s 2019 abridged results.For more information about Sasini Limited (SASN.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Sasini Limited (SASN.ke) company page on AfricanFinancials.Document: Sasini Limited (SASN.ke)  2019 abridged results.Company ProfileSasini Limited grows tea and coffee in Kenya and produces, stores and markets bulk tea and coffee for domestic consumption and export to Africa sub-regions. Through wholly-owned subsidiaries, Sasini Limited has interests in the tea, coffee, dairy, livestock, horticulture and tourism sectors in Kenya. Bulk tea produced by Sasini Limited is sold through the Mombasa auction or direct sales to export customers. Tea farms are in the Highlands West of the Rift Valley in Sotik. Bulk coffee is grown on eight independent estates in the Central Highland of Kenya and processed at its own pulping and wet processing facility. Sasini Limited has a coffee mill at Kamundu Coffee Estate which has a daily capacity to mill about 4 800 bags of clean coffee. Aristocrats Tea and Coffee is the exporting arm of Sasini Limited and exports milled coffee to international blending houses and roasters. Loose and tea bag products for the domestic market are sold under the brand names Sasini Gold, Sasini Chai and Sasini Premium. Coffee products for domestic consumption are sold under the brand name Kahawa Bamba and Sasini Instant Coffee. Sasini Limited maintains a herd of Holstein Friesian cattle and produces a range of yoghurt and pasteurised milk. Sasini Limited is listed on the Nairobi Securities Exchangelast_img read more

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Ghana Oil Company Limited (GOIL.gh) HY2020 Interim Report

first_imgGhana Oil Company Limited (GOIL.gh) listed on the Ghana Stock Exchange under the Energy sector has released it’s 2020 interim results for the half year.For more information about Ghana Oil Company Limited (GOIL.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Ghana Oil Company Limited (GOIL.gh) company page on AfricanFinancials.Document: Ghana Oil Company Limited (GOIL.gh)  2020 interim results for the half year.Company ProfileGhana Oil Company Limited markets and distributes petroleum products in Ghana. The company markets a range of products which includes diesel, gasoline, premix, kerosene, bitumen, aviation fuel, liquid petroleum gas (LPG), lubricants, grease and special products such as brake fluids, mosquito coils and a multi-insect repellent called Goiltox. Ghana Oil Company Limited provides a bunkering service for ocean vessels as well as builds storage tanks and lays pipelines to transport fuel and LPG across Ghana and other countries in sub-Sahara Africa. Its retail division is marketed under the brand name GOIL and comprises 85 filling stations, 61 services stations and 138 consumer outlets located in major towns and cities in Ghana. Ghana Oil Company Limited targets companies, schools, hospitals, factories, hotels, banks and major parastatals. Several retail outlets have been set up to market premix fuel and kerosene to the rural areas and LPG filling stations have been installed in a few filling and service stations. Ghana Oil Company Limited is listed on the Ghana Stock Exchangelast_img read more

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A P/E ratio of 10 times and a 6% yield! I’d buy this FTSE 100 dividend stock for my ISA

first_img Image source: Getty Images. It wasn’t a shock to see ITV’s (LSE: ITV) share price balloon following mid-December’s general election. Its move to 13-month peaks above 150p per share reflected the improved near-term outlook concerning Brexit. And it was hoped this would herald a recovery in advertising budgets.What is a bit of a surprise to me, though, is investor appetite for ITV has fallen off more recently. Consequently the broadcaster’s shed 10% of its value since the turn of 2020.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I believe, though, that this spate of recent weakness represents a top buying opportunity. The outlook for UK advertising spend still looks pretty robust. And recent data on the subject illustrates this point perfectly.Ad budgets to rise again!The Expenditure Report authored by the Advertising Association and marketing research specialist WARC is a much-watched gauge on the health of the domestic ad market. And, fortunately, the latest release leaves broadcasters like ITV with plenty to get excited about.The study suggests total advertising spending in Britain will rise 5.2% in 2020, matching the predicted growth rate for last year. Pleasingly for the broadcasters, television ad budgets are expected to rise 1.7% this year.This suggests conditions are set to improve markedly for ITV and its television rivals.The fallout of the Brexit referendum almost four years ago has hammered business confidence more recently and with it, overall marketing spend. Indeed, previous Expenditure reports showed a 0.1% improvement in annual TV ad spend in 2018. And the current edition suggests budgets actually dropped 0.5% in 2019.VOD squadLast month’s report is particularly encouraging for ITV, given the massive investment it’s made to improve the ‘ITV Hub’ video on demand (or VOD) platform. The Advertising Association and WARC expects ad revenues in this sub-segment of the media arena to rise at a slower pace in 2020 versus previous years. But expectations of a 14.5% year-on-year improvement in VOD ad sales still provides plenty to cheer.ITV is reaping the fruits of improving advertiser budgets already. In quarter three, total ad sales rose 1%, at the top end of its guidance. And this is thanks in large part to the success of ITV Hub. It hit the magic 30m subscriber target a full two years ahead of schedule. In recent months, it’s launched an addressable advertising platform to boost its sales-creating opportunities too.Big dividends at low costBut don’t just think of ITV as a great buy on a strong outlook for ad spending in 2020. Revenues at the ITV Studios division are growing at a handsome pace. And they should keep doing so as the unit’s global footprint expands. On top of this, the launch of the BritBox streaming service in late 2019 adds another layer to its earnings picture for the years ahead.At current prices, ITV sports a forward P/E ratio of just 10.3 times. It’s a reading I consider to be far too low in light of its exceptional long-term growth opportunities. Throw a chubby 6% dividend yield for 2020 into the mix, and I reckon this is one stock worthy of serious attention from dip buyers. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Royston Wild | Sunday, 9th February, 2020 | More on: ITV I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Royston Wildcenter_img Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended ITV. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” A P/E ratio of 10 times and a 6% yield! I’d buy this FTSE 100 dividend stock for my ISAlast_img read more

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Invested in FTSE 100 ‘value’ stocks? Read this now

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Edward Sheldon, CFA | Friday, 21st February, 2020 Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares See all posts by Edward Sheldon, CFA Invested in FTSE 100 ‘value’ stocks? Read this now Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Edward Sheldon owns shares in Imperial Brands and has a position in the Fundsmith Equity fund. The Motley Fool UK has recommended Imperial Brands. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Image source: Getty Images Earlier this week, I was chatting to a friend who, like me, is a passionate investor. He was concerned about some of his FTSE 100 ‘value’ holdings. “My value portfolio is seriously underperforming,” he told me.This seems to be quite a common problem at the moment. In recent years, a lot of FTSE 100 value stocks have produced disappointing returns. Many ‘cheap’ stocks – including the likes of BT Group, Centrica, and Imperial Brands – have become even cheaper.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…With that in mind, today I want to take a closer look at the concept of value investing. Specifically, I’d like to draw your attention to what Fundsmith portfolio manager Terry Smith – who has turned £10k of investor money into more than £45k in less than a decade – has to say about this style of investing.Value investing has its flawsIn his most recent annual letter to Fundsmith investors, Smith said that, in his view, value investing has its flaws as a strategy.“Markets are not perfect but they are not totally inefficient either and most of the stocks which have valuations which attract value investors have them for good reason — they are not good businesses,” he wrote.Smith points out that cheap companies tend to generate “inadequate” returns on capital (meaning they’re not very profitable) and that often, they are facing headwinds. As a result, the intrinsic value of these companies often doesn’t grow much over time.Smith also argues that value investing is not a true buy-and-hold strategy as it involves buying low, attempting to sell at a higher price, and then starting the whole process all over again. As well as being a more complicated process than simply buying and holding for the long term, it also involves increased trading costs.A better approach?Instead of chasing value, Smith believes investors are better off focusing on higher-quality companies that consistently generate strong returns on capital, even if they’re a little more expensive. His view is that over the long run, portfolio returns tend to be in line with the returns generated by the companies in the portfolio themselves, “which are low for most value stocks.”Here, he borrows a great quote from Warren Buffett’s business partner, Charlie Munger: “Over the long term, it’s hard for a stock to earn a much better return than the business which underlies it earns. If the business earns six percent on capital over forty years and you hold it for that forty years, you’re not going to make much different than a six percent return – even if you originally buy it at a huge discount. Conversely, if a business earns eighteen percent on capital over twenty or thirty years, even if you pay an expensive looking price, you’ll end up with one hell of a result.”I think this wisdom from Smith is certainly something to consider if your value approach to investing is not delivering the results you desire. Instead of buying stocks just because they’re cheap, it could be a better idea to invest in high-quality companies that are very profitable, and hold for the long term while they compound their returns. The FTSE 100 has plenty of them. As Buffett says: “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”last_img read more

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