Wazua
»
Investor
»
Stocks
»
KENOL/KOBIL
Rank: Elder Joined: 6/2/2008 Posts: 1,438
|
I managed to get a sizeable lot at 9.10. I am looking forward to buying more as it drops. This company has made lots of money for me over the years. It's been around for 50 years. I bet it will be there for at least another 50 more! Call it falling in love with a stock if you will, but I sure will keep buying.
I have got approx. 10% of my portfolio in it and I reckon to increase this to 20% as the price falls.
Note NBV for the company is above Kshs 7 so even if they went into liquidation - we would still survive.
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
mwanahisa wrote:I managed to get a sizeable lot at 9.10. I am looking forward to buying more as it drops. This company has made lots of money for me over the years. It's been around for 50 years. I bet it will be there for at least another 50 more! Call it falling in love with a stock if you will, but I sure will keep buying.
I have got approx. 10% of my portfolio in it and I reckon to increase this to 20% as the price falls.
Note NBV for the company is above Kshs 7 so even if they went into liquidation - we would still survive. Well done....dude they are not going to close down.... Next question, sorry totally random, working out NBV for a hypothetical company, what if their assets are overvalued somehow? Kinda like the enroll fib?? Waddaya do then?
|
|
|
Rank: Elder Joined: 6/2/2008 Posts: 1,438
|
FACT. Kenol (as it was then known) was trading at Kshs 1.50 in 1991. If only I was old enough to buy it then. It has since split twice at a rate of 10:1 - a multiple of 100. It's share price (adjusted for the splits @9.10) is 910. A 600 bagger in 2 decades. I am not betting against such a record!
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
|
A tick will stick to a cow even after it has died only to be burried with it. "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 6/2/2008 Posts: 1,438
|
@Horton, I guess there's always the possibility of overvaluation. However, the stock market is fraught with risk and you have got to have the stomach for it. Having said that, most of KenolKobil's assets are in Tangible assets, Land, buildings and equipment. As a proxy, look at the price Total paid for Chevron assets in Kenya.
|
|
|
Rank: Member Joined: 1/15/2010 Posts: 625
|
mwanahisa wrote:@Horton, I guess there's always the possibility of overvaluation. However, the stock market is fraught with risk and you have got to have the stomach for it. Having said that, most of KenolKobil's assets are in Tangible assets, Land, buildings and equipment. As a proxy, look at the price Total paid for Chevron assets in Kenya. U made a good call there to buy at 9.1 - you will easily end up making money today. Was a very risky decision though that you made. My expectation was that we'd go down to 9 and not come back up. But the share is going up again.
|
|
|
Rank: Veteran Joined: 7/24/2008 Posts: 781
|
kenol mania!!!! hii ndio inashika sana hii!!! The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
|
|
|
Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
|
The swings with this stock are just too much. At some point demand is 6000 then all over sudden demand is almost matching supply,its like its on PMS. ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,622
|
What makes one think KK is going anywhere?.Even if the worst happened which is the KPRL bastards being paid for their inefficiencies how much is that a dent to KK? .I am heavily invested here and i wish it could remain cheap long enough for me to get constipated with it.Yes i need more blood on the streets.
|
|
|
Rank: Member Joined: 2/20/2007 Posts: 359
|
mwanahisa wrote:FACT. Kenol (as it was then known) was trading at Kshs 1.50 in 1991. If only I was old enough to buy it then. It has since split twice at a rate of 10:1 - a multiple of 100. It's share price (adjusted for the splits @9.10) is 910. A 600 bagger in 2 decades. I am not betting against such a record! Inasmuch as past performance is not...., interesting history you dug up there. Do you have data on mkt share variations and profit margins over the 2 decades? Why, because I suspect that; first margins have dropped significantly in recent years, and two, competition became fairer and thus tougher under Kibakinomics, three there were fewer players *not even independent ones until only recently. And of course, under Moinomics you had a choice of paying 10% or tax..hehehehe.. Considering this, do you see history repeating self?
|
|
|
Rank: Veteran Joined: 10/11/2009 Posts: 1,223
|
These guys (KK) and their die hard self appointed spokesman aka VVS have two weeks to show cause why their license cannot be revoked...the details are posted elsewhere in this forum. Pay up what is owed to you in arrears by KPRL. Do not keep on complaining about inefficiencies here. Do you want to tell us that the system is efficient for all the other marketers and it is deliberately manipulated for KK...what a rubbish. It is not enough to walk with books on slavery, glasses and a hat to become Malcolm X. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
|
|
|
Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
|
Shareprice aside, its good to see total man (yeah right, more like total BS) getting paid back with some of his coin. KK was acquired flaudently by piwott during the days he used to hold m0i's crotch (from his 10% cut in Turkwell dam). New sheriff is in town. The Governor of Nyeri - 2017
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
cnn wrote:What makes one think KK is going anywhere?.Even if the worst happened which is the KPRL bastards being paid for their inefficiencies how much is that a dent to KK? .I am heavily invested here and i wish it could remain cheap long enough for me to get constipated with it.Yes i need more blood on the streets. @cnn sounds like you are in love with the share. Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
hahahaha their service stations look whack? who designed them those ones...
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
|
When are their pumps running dry?two months now!..personally i dont think the less than 500m was worth the damage so far investors have lost and negative publicity created...why become rigid and look around for sympathy and if it doesnt come you pay? "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
|
Interestingly Kenol misfortunes are turning to be Total's blessings at the bourse.
BBI will solve it :)
|
|
|
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
|
I Went from being a devil's advocate on this stock to a supporter. And now going back to being a devil's advocate again! Sigh!
Some people think that if KK pay up on KPRL, they may have to pay up on KPC (more than a bn) and KPA.
As they say - when it starts to rain, it pours!
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,622
|
@sparkly,i am ready to hold out on this one.Tea is the only other haven i would rather be.
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Waithaka, Biwott used to do more than just hold Moi's crotch GOD BLESS YOUR LIFE
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
2012 wrote:Interestingly Kenol misfortunes are turning to be Total's blessings at the bourse.
I have both  GOD BLESS YOUR LIFE
|
|
|
Wazua
»
Investor
»
Stocks
»
KENOL/KOBIL
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|