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KENOL/KOBIL
milken
#1111 Posted : Thursday, November 25, 2010 9:46:12 AM
Rank: Member

Joined: 4/25/2008
Posts: 192
Location: Nairobi
That return is arrived at by computing the cost of capital. If the borrowing rates are 1% then a 3% return can do. I challenge the govt to lower taxes (currently at 30 bob) if they want Kenyans to enjoy low prices
Itari muting'oe ihuragwo ngi ni Ngai
VituVingiSana
#1112 Posted : Thursday, November 25, 2010 10:29:15 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
milken wrote:
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

Milken - Awesome! Where can I get this info... Or how do I bug you for updates??? ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#1113 Posted : Thursday, November 25, 2010 10:31:40 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
@milken - I don't understand some of the abbreviations used. Please help:
RML
PDL
PRL

Also Yield Shift Losses have not been factored in. Or have they?
Transport costs if KPC is down?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
milken
#1114 Posted : Thursday, November 25, 2010 10:38:12 AM
Rank: Member

Joined: 4/25/2008
Posts: 192
Location: Nairobi
All three are statutory levies
RML: Road Maintenance Levy
PDL: Petroleum Development Levy
PRL: Petroleum Regulatory Levy

If KPC is down transport is 3 bob from Mombasa to Nairobi. However that rarely happens.

Yield shifts have not been factored but you can include a refinery deficiency of about 2 bob per litre
Itari muting'oe ihuragwo ngi ni Ngai
2012
#1115 Posted : Thursday, November 25, 2010 11:15:30 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I'm still shocked that KK would call a press conference to tell us that they're reducing pump price to 98/- while the rest are at 97/-.

Is it me or is KK playing with our intellect?

BBI will solve it
:)
VituVingiSana
#1116 Posted : Thursday, November 25, 2010 11:34:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
2012 wrote:
I'm still shocked that KK would call a press conference to tell us that they're reducing pump price to 98/- while the rest are at 97/-.

Is it me or is KK playing with our intellect?
Kwani, segman drives your car to KK... Go wherever you want!

*** BTW, not all KK's are 101, just happens the ones in town [Koinange St] which are closest to Nation & Standard offices are more expensive coz less competition...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
2012
#1117 Posted : Thursday, November 25, 2010 12:08:33 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
VituVingiSana wrote:
Kwani, segman drives your car to KK...


No but it sure sounds like he more than drives yours. Pole I'd forgotten you have a thing for this man but that announcement was not only not newsworthy but fell far below expectations.

BBI will solve it
:)
VituVingiSana
#1118 Posted : Thursday, November 25, 2010 12:36:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
2012 wrote:
VituVingiSana wrote:
Kwani, segman drives your car to KK...


No but it sure sounds like he more than drives yours. Pole I'd forgotten you have a thing for this man but that announcement was not only not newsworthy but fell far below expectations.

He pays for my fuel... So please fill up at KK... You don't want me to walk, do you?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Surealligator
#1119 Posted : Thursday, November 25, 2010 1:13:57 PM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
2012 wrote:
I'm still shocked that KK would call a press conference to tell us that they're reducing pump price to 98/- while the rest are at 97/-.

Is it me or is KK playing with our intellect?


@Vituz & 2012

Wacheni kuchokozana. It is painful watching KK go down to 10 bob again. Woe onto us holding this share if it hits 9 bob. Lakini, let us not heat up cauze ni kufyam. Things will get better with time.

So, don't fight on Leona's birthday.

@2012

Don't you know Kenyan media is actually run by the big boys of business in Kenya. KK was launching a fuel card and wanted to do it with maximum media coverage. Their PR guys know who to give 510 and handouts apart from having certain Editors under a retainer to ensure full coverage and minimum or no negative stories.

On top of it, Kenyan media is held by the balls by the Multinationals as the media houses depend on the multi million adverts from the same companies. So, a reminder that the media houses depend on adverts from a vested company usually makes the CEO and Managing Editor go helter skelter if proper coverage is not done for the company.

Ati Centum bought 100 acres in Runda?
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
VituVingiSana
#1120 Posted : Thursday, November 25, 2010 1:41:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
@surealligator - You are a prime candidate for the nuthouse! LOL...

Anyway, I wish KK could Warren Buffett's advice here...
De-list for 10 years...
Perhaps I am over-optimistic about KK but IMHO, Ceteris Paribus, I think in 10 years KK's EPS will be at least equal to the current share price!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
238 Pages«<110111112113114>»
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