This a GEM.....its really cheap at the moment..looking at their results for the first half their finance costs are down by 38 percent..they are utlising their banking facilities more efficiently..they have stopped credit sales meaning no more bad debts...this share is STRONG BUY at the current price.

@VVS, These results are absolutely nothing to write home about. Please note the EPS of 0.64 is an annualised EPS. EPS for H1 is ONLY 0.32.

I don't have any shares here but I would certainly not be buying any with this kind of result.

NSE/CMA should clamp down on the annualisation of EPS's unless it is clearly indicated as such. In my view this is being (mis)used to mislead gullible investors (of course I know you are not one).

KK is indeed a much better deal, without a shadow of doubt.

How come KK's 2H was considerably lower than 1H? Could the time their licence was temporarily halted be the only culprit? Do (Don't) you expect price controls to bite hard?

Unfortunately for the wanjikus and fortunately for @VVS, the price controls seem to be controlled "upwards".... I think the OMs are making more money with the price controls than before the controls... compare prices per litre now and prices per litre when the barrel was selling at the highest before price controls.

@mukiha is right coz the rise to $140 for oil was rapid but had no staying power [lucky for us] AND the KES/US$ rate was 70/- or so.

Oil prices slipped from $140 to $40 rapidly which led to substantial losses for KK who had already 'bought' pricey fuel.

Plus at the time, the KPC, KPA & KPRL charges were lower than they are at present. Financing costs were also lower [remember the low interest rate environment at the time?]

Ksh 1.00 up does not qualify for "....its going up and up and up..." especially when u factor in costs... at about 13-14..you can say more assuredly "....its going up and up and up..."
jus saying.

@ProverB; in case you didn't notice, CMC went up 10% yesterday and today it JUMPED another 10%....remember, this is the maximum allowed...

On what basis?

[quote=mwanahisa]I admit I have been surprised to see CMC cross the Kshs 12 level. I have seen it trade at around that level a few times in the past but the volumes were never convincing and usually the price has tended to fall fairly quickly after touching 12. I wonder what will happen this time?

See CMC price chart over the last 12 months.

http://www.bloomberg.com...te?ticker=CMCH:KN#chart[/quote]

That makes two of us.... What is pushing this share up? Did i miss some info somewhere? Well, am not complaining because it is on my next "get-rid-off list".