Standard Group is Kenya's (and therefore East Africa's) 2nd largest media group. Apart from succesfully diversifying its portfolio to include KTN, Standard also runs a publishing and distribution arm PDS. The company was upgraded to the MIMS on Tuesday the 14th of Feb, making its share a more marketable one. http://www.eastandard.net/hm_news/news.php?articleid=1143964838. Perfomance-wise, the FY06 saw profit before tax more than double due to higher revenue generation. Instead of offering dividend, Standard has offered shareholders a bonus share for every 8 held. The following article gives more informaion on the unaudited financials. http://www.nairobist.com/pblog/index.php?d=16&m=11&y=06. For this FY, the group can expect to benefit from increased newspaper circulation and TV audience due to the elections. It should also be able to generate higher advertising revenue from the same. As an investment, it will be in play until the bonus issue is announced, but will long-term continue to suffer in the shadow of the much larger and expansive Nation Media Group.
Kenya Orchards- Are manufacturers of those popular fruit jams such as mermalaide, strawberry et al as well as juices. Shares in this company have been suspended since May'06.
Limuru Tea-Is 54%-owned by Unilever Tea who act as its mafucturer and sales agent. Was affected by the drought in 2005 as were other Tea companies. Their detailed trading history shows a sharp decrease in shares traded to date which makes it a non suitable company for our consideration for investment.
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