Camellia Share Discussion Threads

[piedro] 18/8/2022 14:26

CJohn,

Dealing with dormant companies

[russman] 18/8/2022 05:42

How about developing their organic natural rubber interests.

[russman] 17/8/2022 18:50

CAM lack strategic focus; it is an administrative nightmare.
How can CEO manage all these different companies, dotted around the globe.

[wskill] 17/8/2022 13:42

Never realised I worked for CAM in the 70s its a small world thanks for listing the company subsidiaries Russman.

[scepticalinvestor] 16/8/2022 20:01

Busted flush - new kenyan gov will bleed this dry

[russman] 16/8/2022 17:40

My suggestion would to build an African agricultural consolidator around the Linton Park / Kakuzi nuclei.
Ditch the art / share portfolio
Ditch the investment properties
Ditch engineering
Ditch insurance
Ditch South America "arable".
Start a share buyback programme.

[piedro] 13/8/2022 01:23

Kakuzi Plc@Kakuzi_Plc
Kenya will soon break into the global Blueberries export market
as Kakuzi PLC & leading berries marketing firm @driscollsberry
have announced a collaborative partnership to grow the local
and export volumes.



- once again the obvious but it is happening.

[cjohn] 12/8/2022 11:55

Hi Pedro, you are being too understanding of the company's inertia.

Why don't they employ a law undergraduate on summer break to go through the ridiculous list of subsidiaries and work out which ones are dormant?

Then s/he can do half an hour's reading on how to wind up dormant subsidiaries. Then go ahead and do it. It just needs a bit of attention and will.


Maybe what? A couple of weeks work for one not very qualified individual?

[cjohn] 12/8/2022 11:38

Hi Russman,

Mightn't it be better to sell all the agricultural interests and small engineering concerns and shares and keep the investment in BFM?

Big cash return of maybe 175% market cap to all shareholders, including the blessed trust.

Shareholders could then re-invest that cash in a post office account. Much less risk - no guards brutalising villagers, for example or dodgy internal stitch-ups - and a superior ROI.

Better for minority shareholders and better for the Trust. (Less need for directors, of course: another plus.)

Above all, they should get on with it. It's beatific ties to its charity beneficiaries are always an implicit excuse for mediocre decisions and dithering.

Your long list of corporate ramifications says it all.

[russman] 11/8/2022 17:45

Focus on the agriculture.
Jettison the Chairman's toys.
There is value; minority could get a windfall!

[piedro] 11/8/2022 08:51

Interesting re: the Kakuzi probe.
Can you please give a link?

Of their subsidiary and associated undertakings, yes there are a lot but I think you will find by comparing year by year that their number is being slowly reduced [liquidated].

I presume that they cannot just tear up the titles and have done but it takes time to find buyers and with the dormant companies in liquidation there is no doubt paperwork and legal costs involved.

How did they get to such a state?
Were there bonanza years where they bought up everything on sight?
Some perhaps was from Colonial land grabbing!

[piedro] 11/8/2022 07:07

Well that's certainly a "Diverse Ragbag" that you have
'copied and pasted'.

Perhaps you could put it in a format that is understandable.

[russman] 11/8/2022 06:45

Regulator probing Kakuzi on finances and governance
Wednesday June 29 2022
The Capital Markets Authority (CMA) has launched investigations into Kakuzi over allegations of shifting profits abroad and corporate governance issues perpetrated by its majority shareholder Camellia Plc.

The regulator confirmed that a probe is currently underway without giving the details of the investigations, broadly indicating the inquiry is on corporate governance and transfer pricing.

Kakuzi declined to comment on the matter saying they are engaging directly with the regulator.

Minority shareholders of the company had previously complained of being locked out of the company board which was controlled by the British company, Camellia Plc.

The multinational, by virtue of its interests in Bordure Limited and Lintak Investments, owns a controlling 50.7 percent in Kakuzi.

[cjohn] 08/8/2022 08:34

Is there a single CAM business that it would make sense NOT to sell?

Is there a single business with a decent sustained ROC?

[russman] 08/8/2022 05:44

Cashflow is pretty meaningless for CAM valuation.
For example BF&M Limited stake has value but negligible cashflow (unless sold)

[piedro] 07/8/2022 11:35

Russman,
Initially I thought .. "obviously ROCE will be low as from investing
in new plantations till getting a reasonable return will take 6-8 years"

So I had a look at the cash flow ...

[russman] 05/8/2022 17:33

ROCE is too low.

[piedro] 05/8/2022 12:42

Bardsley England@BardsleyEngland
First Harvest of 2022 Bardsley Bramley crop #startofseason
-
-
-
#bramley #bramleyapples #apples #britishapples #topfruit #british #season #pickingseason #harvest #appleharvest #farm #farming #fruitfarming #orchard #appleorchard #crop #applecrop


- obviously.

[piedro] 03/8/2022 16:35

Kakuzi Is Banking Product Diversification To Boost Value
By Soko Directory Team / Published May 18, 2022


PS: there is also a China deal for the sale of Kenyan black tea

[piedro] 30/7/2022 10:37

Right on, the obvious has been too obvious to be noticeable.

Over the last seven years with Thomas Franks as CEO there have been gradual
changes at Camellia, Kakuzi and other of their subsidiaries which perhaps are
only now starting to come to fruition.

Whether these changes will give rise to a profitable and successful company
is questionable and remains to be seen.

The China deal for avocados has been an important priority for the Kenyan gov.
in their fight against poverty {new port, production controls and exports}

AIMHO BWDIK

[russman] 29/7/2022 18:06

if in doubt, state the obvious.

[piedro] 29/7/2022 16:25

Kakuzi Plc@Kakuzi_Plc
Kakuzi PLC has commenced the field harvesting and pre-shipment preparation
for an inaugural Hass variety avocado consignment to be shipped out to China
this weekend.