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KENOL/KOBIL
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guru267
#1101 Posted : Wednesday, November 24, 2010 3:57:51 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:

I sold some today at 195 did you buy...Jub is an insurance firm..nobody respects insurance firms on the NSE...


@the deal you must be a very young guy if you are this impatient... It was almost 3 weeks ago you said you loved JUBILEE'S annual report and bought in at 200...

Now your selling??? At a loss???? Sad

The stock is being driven down by speculators and profit takers after rallying 80% for the year.. I think you should have held on but hey its your loss...

I believe the growth in the insurance industry especially insurance in the next ten years will be stellar...
Mark 12:29
Deuteronomy 4:16
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the deal
#1102 Posted : Wednesday, November 24, 2010 4:09:14 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
guru267 wrote:
the deal wrote:

I sold some today at 195 did you buy...Jub is an insurance firm..nobody respects insurance firms on the NSE...


@the deal you must be a very young guy if you are this impatient... It was almost 3 weeks ago you said you loved JUBILEE'S annual report and bought in at 200...

Now your selling??? At a loss???? Sad

The stock is being driven down by speculators and profit takers after rallying 80% for the year.. I think you should have held on but hey its your loss...

I believe the growth in the insurance industry especially insurance in the next ten years will be stellar...

i didn't sell everything just reduced my exposure..in case there's a dividend backlash...i believe i will recoup my losses by venturing into KK...KK,KQ and Jub those are the shares i will hold until 2012...smile smile smile yeaah some of this stunts you can try them when you are young Mzee Njunge DONT TRY THIS AT HOME..
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nahdy
#1103 Posted : Wednesday, November 24, 2010 4:44:24 PM
Rank: Member

Joined: 6/29/2006
Posts: 184
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youcan'tstopusnow
#1104 Posted : Wednesday, November 24, 2010 6:39:57 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Great innovation and a wonderful speech too
GOD BLESS YOUR LIFE
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the deal
#1105 Posted : Thursday, November 25, 2010 12:46:48 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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youcan'tstopusnow
#1106 Posted : Thursday, November 25, 2010 4:26:43 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
"We have negotiated, pleaded, and begged for along time, but all this fell on deaf ears. We cannot beg forever when Kenyans are suffering," Kiraitu said.
Retard! Kenyans are suffering because of (your) flagrant corruption. This guy is crazy thinking he can take the moral high ground. Ungekuwa Uchina ungekuwa umekula kamba! What does he tell his kids? 'Soma ukuwe kama mimi?' The government should focus their efforts on increasing efficiency (But why would they, while they're making money through the same inefficiencies)
GOD BLESS YOUR LIFE
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guru267
#1107 Posted : Thursday, November 25, 2010 6:50:52 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
This can't go well for kenol because they may given some stupidly low maximum margin that will dent their local earnings...

We all know whats happening to them in Ethiopia... Sad
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#1108 Posted : Thursday, November 25, 2010 8:22:06 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
guru267 wrote:
This can't go well for kenol because they may given some stupidly low maximum margin that will dent their local earnings...

We all know whats happening to them in Ethiopia... Sad
KK paid a 'low' price for Ethiopian assets coz of the low margin. I see huge gains there from other lines of business but the market will deregulate in some form or fashion.

The government is playing the populism card. It will bite us in the arse when OMCs will stop taking the risk of importing fuel/oil or not bother to open odd hours [why spend on overtime if the margins are not worth it]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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milken
#1109 Posted : Thursday, November 25, 2010 8:49:02 AM
Rank: Member

Joined: 4/25/2008
Posts: 192
Location: Nairobi
Am suprised by KK's decision to lower prices. Cureent cost is about 88.74 per litre for super.

See below
US$ to KES Rate 81
Landed Price in US$ per ton 856.678
Conversion (ton to M3) 1374
Cost per Lt 50.50
KOSF Discharge (3 US$ per M3) 2.43
KPC Transport to NBI (Kshs 2250 per m3 +VAT) 2.61
IDF (2.25% of landed Cost) 1.14
EXCISE DUTY (Kshs 19.895 per lt) 19.90
RML (Kshs 9 per litre) 9.00
PDL (Kshs 0.4 per lt) 0.40
PRL (Kshs 0.05 per lt) 0.05
Depot Losses 0.25% 0.22
Local Delivery (Kshs 0.5 per lt) 0.50
Station Dealer Return Kshs 2 per lt 2.00
Cost at Station 88.74

Oil Company Return 15% 13.01
Price at at Station 101.75
Itari muting'oe ihuragwo ngi ni Ngai
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guru267
#1110 Posted : Thursday, November 25, 2010 9:00:48 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
milken wrote:
Am suprised by KK's decision to lower prices. Current cost is about 88.74 per litre for super.



Oil Company Return 15% 13.01
Price at at Station 101.75


In some countries this return is only 2-5% so i don't blame G.O.K for being pissed
Mark 12:29
Deuteronomy 4:16
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