@VVS lets just say i saw the light...

With ONLY its half year EPS its trading at a P/E of 12.56 which is CHEAP!!!

I don't mind waiting but i'm pretty sure it will pay off...

The only problem is that now i'm holding two industrial companies which i would have preferred to avoided...

@The Deal, KK will make up for some of this from subsidiaries outside Kenya. Remember they are adding (have added) Mozambique and Burundi came on stream earlier in the year. Zim might yet come through as well.

And by the way, go back about 3 year's back when procesing fees were same for KK and Total. Guess who was still on top?

KK is to pay KPRL part of the 600 million disputed oil processing fee. @mwanahisa, Your assumptions have just been shot to hell.

See:http://www.businessdailyafrica.com/KenolKobil%20agrees%20to%20pay%20disputed%20refinery%20fee/-/539552/1030852/-/2t79xcz/-/index.html

MR VVS... this is how your master Mr Segman will settle his overdue debt.. He has realised he does not have more muscles than everybody else.

A payment schedule of Sh634,422, 694.49 the oil marketer owes the refinery was reached on October 7, according to someone familiar with the matter, and both parties have agreed to withdraw of all legal suits on the matter.

Under the new deal, KenolKobil is required to initially pay 50 per cent of disputed debt – about Sh300 million – and Sh55 million in 10 months’ installments from November 1, 2010. “KenolKobil is required to pay new processing fees and give a secured irrevocable guarantee from a reputable bank acceptable to KPRL with respect to arrears of fees,”

The whole story..... http://www.nation.co.ke/...2/-/ewbceo/-/index.html

This is hearsay from someone "familiar" with the deal...

No evidence has been given and no official statement made on any payment....

And believe me the so called payment schedule of 55million is peanuts...

This is one instance where I would really appreciate it if KK could publish their 3rd Qtr results.

I know they are no under no obligation to do so. Considering the uncertainty wrought by the struggles the group has had with 'em b******s, it would be a welcome exception.

If you opt to do quarterly announcements then CMA REGULATIONS require that you report at the end of every quarter. KK can follow the route taken by their peers Total if they so wish.

I have my own reservations but if in real world you call people all these names that you use here at Wazua!!! Well, God help you. You need to mind your worlds in public as well as in private.

Indeed banks have to publish their results quarterly - CBK requirements not CMA/NSE. Insurance companies under IRA rules actually only have to publish annual results. I have always thought this is way too lenient, given past collapses of insurance companies in Kenya.

Listed insurance companies have to publish their interim results at the half year mark and then annually, under CMA/NSE listing rules.

I am not sure about this , but I think that when a company issues a bond, it then has to report on a quarterly basis.

Note the use of the word publishing as opposed to reporting. I guess you can report to NSE/CMA without necessarily publishing the results (in a newspaper). Car & General has been doing it for years. So has Cititrust. This is one reason for their low prices relative to their book values and earnings in my view. Very few folks know or care how they perform.

I prefer the wait to next year for the full year financials for KK,anything to extend the pussy footing for those who do not want to see this little gem and allow the believers to get more of it cheaply.The harvest will be in abundance.Only WTK is diverting some my funds that would have found way to KK.