http://www.nse.co.ke/new...enolKobil%20October.pdf

Poor show from KK. There is a stick to your guns and there is this. They were in a lose lose situation and dragged this thing on unnecessarily. I think heads should roll for this bubu as I'm sure they lost a lot more than 600m in lost business during the dispute.

I made my cash and got out. Now only holding onto 100k shares residual.

@vvs, thanks or the basic buy sell and profit philosophy. However, my point was due to loss of business by not paying the 600m ie not in the loop during the 2 month period, running out of stocks, paying a premium to other sources for fuel, missing out on the OTS action, must have had a significant impact on KK bottom-line. Not sure what you are on about sir.

Given that the loss of business should now be over, i doubt we would have gotten this share at the such a discount should this not have happened... i bet i am still good with it.

@Horton,
Its good you already made your money, but i would believe there's still some more money to make with this share.

I have tried to look at this firm (KK) inside out as much as possible... I have seen the growth outside Kenya whether in Uganda, Tanzania, Zambia, etc... The have 80 stations in Ethiopia [price controls so very low margins] waiting to explode...

@Horton. At worst, I would expect that KK broke even during the "hostilities". Note that a lot of independents do not participate in OTS and also source product(s) from the majors, yet they continue in business.

H1 2010 EPS was 80 cts. If we assume Zero EPS for Q3 but Q4 continues at the same pace as H1 (i.e. 40 cts EPS), we can look forward to an EPS of Kshs 1.20 which is a PE ratio of less than 10 and lower than that of Total. Total's normalised Headline EPS will probably come in at about Kshs 2, based on H1 2010 - a PE ratio of 15.4 at today's price of 31.25.