wazua Sat, May 2, 2026
Welcome Guest Search | Active Topics | Log In

238 Pages«<101102103104105>»
KENOL/KOBIL
Options
Previous Topic · Next Topic
guru267
#1021 Posted : Thursday, October 28, 2010 3:24:45 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
@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


@VVS you know that oil marketers can hold oil for more than half a year right???

lets do a case study...

KK which was holding stock it bought in Q3 and Q4 of 2008 for more than $100 made a 500million half year loss in 2009 when oil was trading at $30-$50....

The same company bought this oil at $30-$50 in H1 2009 and announced a 1.93 billion pre tax profit for FY 2009 and this was attributed to the sale of this stock they bought at above $60...

so they do benefit much more when oil rises and tend to lose when oil falls
Mark 12:29
Deuteronomy 4:16
Back to top
  |
VituVingiSana
#1022 Posted : Thursday, October 28, 2010 3:34:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,378
Location: Nairobi
@guru - The question is one of 'cost of holding stocks'

- I like KK's management. Why do I defend them? Coz they are smart!
- I am sure KK knew the crap with KPRL was coming so they made nice with KPA & KPC [storage + imports]. Then they must have filled up all they could. Nevertheless, within 2 months they must have depleted their stocks.
- OTS has reduced the 'speculation' that OMCs can engage. Not 100% but significantly.
- The cost of storage in Kenya is significant. KK does not have a huge tank network. A pity. I have engaged KK in this matter. I wish KK would have bought the 'unfinished' Triton tanks.
- Financing costs on $100 oil > $50 oil

BTW, I think KK will have a great 2H coz they were able to jack prices to 99/- (selling 'old' stocks) while standing aside while MoE, KPRL & other OMCs could not match KK's heft at importation or distribution.

Also the financing costs will be lower as Kenya's interest rates have dropped vs 2009...

What I am saying is that LOW oil prices are better for KK coz 'overall' they can sell more at better margins.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Wendz
#1023 Posted : Thursday, October 28, 2010 4:00:07 PM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
qw25041985 wrote:
Oh yeah . Mumias broke that 12 bob support.But i donot think it'll be down for long there's no much volume to pull it down but technically itsnt a good thing.
Access Kenya lost steam ? what happened .


who understands this statement to explain to me? sloooowly please.
Back to top
  |
mlennyma
#1024 Posted : Thursday, October 28, 2010 4:07:41 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I have waited to read a post by wondergirl in vain,
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
the deal
#1025 Posted : Thursday, October 28, 2010 7:01:58 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
KenolKobil's license has been reinstated but they have agreed to pay KPRL 634M Kenyan money-Nation mobile.
Back to top
  |
youcan'tstopusnow
#1026 Posted : Thursday, October 28, 2010 7:17:12 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Back to top
WWW
  |
BGL
#1027 Posted : Thursday, October 28, 2010 7:45:27 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
the deal wrote:
KenolKobil's license has been reinstated but they have agreed to pay KPRL 634M Kenyan money-Nation mobile.


They will clear the outstanding debt and pay new rates like everybody else. It is always fair to play football on an even playground.
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
Back to top
  |
Wondergirl
#1028 Posted : Friday, October 29, 2010 9:20:52 AM
Rank: Member

Joined: 9/12/2009
Posts: 312
mlennyma wrote:
I have waited to read a post by wondergirl in vain,

smile Hey Mlennyma. Looks like I'm a lass of few words, or should I say few posts?
Back to top
  |
VituVingiSana
#1029 Posted : Friday, October 29, 2010 10:59:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,378
Location: Nairobi
nyoike & kiraitu on the way out?

http://www.standardmedia...?id=2000021267&cid=4
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
2012
#1030 Posted : Friday, October 29, 2010 10:59:38 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
the deal wrote:
KenolKobil's license has been reinstated but they have agreed to pay KPRL 634M Kenyan money-Nation mobile.


I told you. This Segman dude was just bullsh*tting. We shareholders lost big time in that unscripted, unrehearsed circus and no one can convince me otherwise.

BBI will solve it :)
Back to top
  |
238 Pages«<101102103104105>»
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.