Williamson Tea are involved in growing, milling and sale of tea as well real estate management and sale of generators-for a fuller description of their activities please refer to this. Most of their tea is grown in the Kericho area through various subsidiaries and associates (the most prominent being Kapchorua which is NSE-listed in its own right). WTK and Kapchorua returned to profitability in the 1st half of their financial year 06 as did the whole tea industry. As per my earlier article, most of their shares are held by the Williamson family and the short supply of traded shares ensures that small amounts can move the price as shown by the price from November to January of this year.
Both will do well for the FY06 (year ends in March'07 so expect results in June or thereabouts). However, both companies' share prices have historically peaked in Jan/Feb of each year . Recommendation is to wait until June/July by when the prices should be at there lowest point. Additionally, both do pay generous dividends hence would be worth investing in at that time.
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