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KENOL/KOBIL
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@Gecko no worries there....as a KK shareholder you sleep with a smile on your face each day...LOL... The group has a positive outlook for 2011 and has vowed to continue with its geographical expansion in East, Central and Southern Africa to shore up its performance. "We are looking at all markets starting with Djibouti all the way to South Africa. Specifically, we are looking at Malawi, Congo, Angola and Namibia. Some of them are at an advanced stage and some of them are at the formative stage," said the company's Group Mergers and Regional Manager Patrick Kondo. Kenol has been eyeing Mozambique and Zimbabwe and it already making headway there. In Mozambique, they have already secured a storage of 21,000 cubic meters which means that they can start bringing in products for sale. They also have someone based in Harare who is charged with establishing the operations in these two countries. http://www.capitalfm.co....roperty-market-5797.html
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Infact i quite like the diversification. 25% from non-oil is reasonable. And lpg is a part of that 25 percent. I like this. This company makes its so hard for one to leave it. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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KK, I like your new tv ad. I first saw the shorter confusing version then the long one that makes sense later. I like the one in the papers with the huge logos too. Now please do something about the logo/s, you could do a competition for designs by Kenyans talented in that area... the current one/s are quite old.
BBI will solve it :)
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Rank: New-farer Joined: 3/16/2011 Posts: 19 Location: kenya
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2012 wrote:KK, I like your new tv ad. I first saw the shorter confusing version then the long one that makes sense later. I like the one in the papers with the huge logos too. Now please do something about the logo/s, you could do a competition for designs by Kenyans talented in that area... the current one/s are quite old. I saw it too. Its quite nice. Looks like they trying to position KK as a caring brand for Kenyans as well as get the numbers. Hope it increases the share price in the near future...
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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As KK increases the reach across Kenya, the profits will also increase but I do not care as much about the Kenya operations as much as regional expansion. KK doesn't put all its eggs in one basket... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,927 Location: nairobi
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that new advert is kinda smashing hot. coupled with their tue and fri freebies this kenol kobil thing could make us some money in the mid term
COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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mwanahisa wrote:I expect the results to be good but NOT GREAT, although an improvement over 2009. However, the results will be coming at a time when the market is in a very DESPONDENT mood. Given this scenario, unless there is a BONUS and/or a VERY GOOD DIVIDEND, it is unlikely that there will be a major improvement in price i.e. over the 10 Shs level in the short term.
It may be worth noting that just before an annoucement when results are expected to be good there will usually be a lot of activity in a stock, usually with increasing prices. I have not seen any of this with KK. But I could be wrong! It seems, I was right after all, especially regarding the behaviour of the market, with respect to KK. I am now happily adding onto my stake in this counter, safe in the knowledge that I will get a 52 cents dividend. Even better this is a company that could make anything from between 1.50 to 2/= for the full year 2011. But, I am in no hurry as the depressed market is affording me the luxury.
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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Managing director Jacob Segman said the firm had bought 17,000 acres of land on which it plans to build.http://www.businessdaily...16/-/7cshde/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@VVS, I saw this story in yesterday's BD and I must say I was amazed and to be honest, I did not quite believe it, considering the only land that Segman had mentioned in the results announcement was a 4 acre plot in Addis Ababa. Of course, I know they have other properties e.g. depots and fuel stations which they could actually develop into other complementing uses. Thinking about it, the story had some other factual inaccuracies especially regarding the value of KK's operations in TZ. I am therefore withholding judgement on this 17,000 acres until I can get more information. [quote=VituVingiSana] Managing director Jacob Segman said the firm had bought 17,000 acres of land on which it plans to build.http://www.businessdaily...6/-/7cshde/-/index.html[/quote]
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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@mwanahisa - The business reporting in Kenya sucks! It is 18,000 sq Meters [4 acres?] & not $7bn but $7mn at best! Also the 14 Operating firms KK allegedly bought! Bure kabisa! I put it up as a joke!!! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/6/2008 Posts: 26
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if you haven't seen the ad on TV, sample this http://www.youtube.com/watch?v=16qR_YLZ6hk
Fahali wawili wakipigana nyasi huumia
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Gordon Gekko wrote:I must say I'm quite worried about the diversification plans. Never lose sight of your core business. If you can't be the best in your core business, we are in trouble.
But I'll give JS the benefit of doubt, this is a glitch that will be resolved once the elections are over and we have real professionals running MoE. and subsequently the parastatals under it. I second this Comrade.
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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Thengiu! shukran! Foresight..
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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I like I like I like sigh...if only the roads around here were half as decent as the roads (even the rough ones) in the ad....
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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That 404 in the ad is just sweet! too sweet to be true. Now because they have advertised with a beautiful classic, and the discounts thet are giving, Kesho nitajaza gari kwao. A full 81 litres of diesel. I Think Therefore I Am
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Gordon Gekko wrote:I must say I'm quite worried about the diversification plans. Never lose sight of your core business. If you can't be the best in your core business, we are in trouble. I on the other hand think it's a brilliant plan. Of course their core business will still remain core but cases have shown that companies that diversified to add on to their core business have grown tremendously. Look at Apple vs Microsoft or Coke vs Pepsi. Another case study would be WPP (Wire and Plastic Products) they are the second biggest in the advertising world also largest shareholders of Scangroup, good thing they did not stick to wires and plastics. The petroleum market in Kenya has become unpredictable with the Govt. offering more confusion than solutions.
BBI will solve it :)
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@For Sport, which road? its only the biker rider I saw in that ad...
@2012, fruits from the real estate will start being felt in a couple of years - recall Pan Africa real estate project came through after a few years, but for them, investment is part of their core business. If I really want to invest in real estate, I would buy Centum. I would have preferred that the excess cash (which they seem to have plenty of) is used buying out all the petrol companies in Africa.
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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@GG - Yep, the biker chick is hot! In all that leather, too... vroom! I would like to see KK expand regionally but not by paying too high a price. No point in expanding where you can't supply the goods OR the market it very volatile [politically or violent]. I think KK should consolidate [grow] its position in Tanzania [huge market], Uganda & Zambia. There are other possibilities too including sales into S.Sudan as well as DRC [via Rwanda]. KK is also moving into Mozambique & Zimbabwe [both greenfield but just like Burundi they may acquire more locations]. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 3/16/2011 Posts: 19 Location: kenya
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[quote=VituVingiSana] Managing director Jacob Segman said the firm had bought 17,000 acres of land on which it plans to build.http://www.businessdaily...6/-/7cshde/-/index.html[/quote] Just seen a press release. Segman says that the information carried in BD is not true "The true position is that the company owns a 4acre(17,000 square metres) prime piece of land in the heart of Addis Ababa Ethiopia, housing our head office and storage facilities...KenolKobil is considering using the land for other economic activities in line with its non fuel business development strategy. Another clarification KenolKobil plans to build an LPG plant in Dar es Salaam with an installed capacity exceeding 1000 metric tonnes(not 21,000 cubic metres) it is expected to cost 7 million not billion
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Seen the advert, a bit too mushy for my taste, and adverts these days have to be funny or witty. Anywho, hope it gets those tanks filled, kesho is friday the day that i'll be fueling and also tuesdays. The investor's chief problem - and even his worst enemy - is likely to be himself
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