[kictanet] Discipline & Ethics - Re: Legislation and Regulationfore-Commerce in Ken

[Bill Kagai]

On Mon, Jul 14, 2008 at 7:57 PM, <alkags at alkags.com> wrote:

> I wonder if protectionist policies would enhance our global competitiveness
> as a country in the larger scheme of things?


Alkags,
I have written too much (today), but kindly indulge me with this one last
post I could not resist because it harbours on what I do for a living -
information vending ;-)

You know about Unilver Tea. Basic stats look like this...and another reason
why you should subscribe to MediaCorp services

  NSE Sector

Agricultural





Company

Unilever Tea





Code

UNLV





Year Of

1925





Year of Listing

1972





Issued Shares

48,875,000.00





Share Float

11













All Time Low

36.00





All Time High

130.00





Market Capitalisation (Million)

2.26B





Par Value























*Top 10 Shareholders*

*Name*

*%*

  Shareholder1

Brooke Bond Group Ltd. -

88.23

  Shareholder2

Board of Trustees Of NSSF

2.94



Shareholder3

KCB Staff Pension

0.52



Shareholder4

UAP Provincial Insurance

0.33



Shareholder5

Old mutual life Ass

0.29



Shareholder6

BBK Nominees

0.27



Shareholder7

Co-op Bank Kenya

0.22



Shareholder8

BBK Nominees

0.22



Shareholder9

xxxx





Shareholder10

Ins Co. of East Africa

0.17











*Top10Total Shares *

* *

*93.37*

* *









*Profit Before Tax (Year)*

*[Million]*

*Profit After Tax (Year)*

*[Million]*

2000

410.00

2000

450.00

2001

420.00

2001

220.00

2002

415.00

2002

130.00

2003

400.00

2003

60.00

2004

450.00

2004

370.00

2005

100.00

2005

70.00

2006

100.00

2006

60.00

2007



2007











*Earning Per Share *

*Kshs*

*Dividend PayOut*

*Kshs*

2000

9.20

2000

6.00

2001

4.60

2001

2.00

2002

2.50

2002

2.50

2003

1.30

2003

6.00

2004

7.40

2004

8.00

2005

1.40

2005

2.00

2006

1.10

2006

2.00

2007



2007



P/E Ratio







Bankers

Barclay bank of Kenya,Citibank NA,Cooperative Bank

Registrars

Cooperative Bank Registrars





My point
Foreigners hold 88% of the company and thus in a position to make board
decisions regardless of the African investors thinking after all..they
holding only 12%. Some investors bought into this company at more than kshs
100 and when it ceased trading, shares were moving in the 40-45 range. The
shares will be called back because the foreigners agenda is different and
there intention is not to make money for the local investors. [Country of
origin and Fair trade issues]. The local investors including NSSF, KCB
pensioners and many more Wanjikus have been screwed.

RVR is coming next.

Joe is therefore really not far from the point...if Unilever lesson is
anything to go by. We need a unified approach ...If you want to do business
in Kenya...get Kenyan partner...is simply not enough...

We need to get Kenyans in decision making positions also.

PS. Regarding Flo's kind request to facilitate...
Ownership of the process is what is critical. Locals should not only drive
but own and ultimately be responsible for the direction they take. You have
done well...but maybe...as Frank Sinatra would sing...its time for MY WAY.

Ciao,
Bill
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