cnn... please ignore. utachoka bure.

@the deal.. there are plenty of profit takers yet to be eliminated and that's partly because there hasn't been any material info on KK but I'm bullish on oil in the years of recovery to come and bearish on the dollar which means i have a responsibility to be bullish on KK....

i'm now hoping kakuzi or KCB can give me a good xmas

@the deal, Coast is still on, though now not by KQ, but Modern Coast....

KK benefits when oil prices drop [exceptions do apply] coz lower fuel prices means better margins [coz easier to pass on]

If it costs KK 50, they can sell at 60 [20% markup]
If it costs KK 80, they can sell at 90 [12.5% markup]

Once the selling price touches 100, there is severe resistance. I recall being in a high-rise at 5pm on a Friday overlooking Koinange St when petrol was at 107/-... there were very few cars out there... Folks were taking public transport OR not coming to the CBD...
[Or mwakwere was suspended]

Consumers don't as much about what margins are made by OMCs or taxes as much as the PRICE they pay... So petrol at 50/- with 50% taxes is more acceptable than 80/- with 20% taxes...

@guru - You are stating the obvious. Read my post.

1) It can work either way. You can be left with 'expensive' stock. See Triton's gamble or even KK when it had pricey stocks.
2) I disagree that KK has $69 stock. Unless you have inside info, I believe you are mistaken for a number of reasons.
3) LOL... In 2009, everything was down! KQ was 20/-, KPLC was 100/-, Equity was 13, SCBK was 120, Williamson was 50, etc... Saying that KK was at its lowest point coz oil was at $30 [btw, that was for a very, very short period] is spurious correlation