Wazua
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Kobil Kitengela razed down
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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 Me like this,KK share to tumble today. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Impunity wrote: Me like this,KK share to tumble today. I suspect it is MUCH smaller than the one that got razed down along Langata Road next to Dam Estate. What was the effect on the share then?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@GG, Indeed. We should also ask just how much in volumes does that particular station push as a percentage of total KK sales? And I bet most of the damage plus loss of sales would be covered by Insurance not so?
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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Impunity wrote: Me like this,KK share to tumble today. Why would it tumble?
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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I will not engage in this petty issue,how can one remote station affect a regional empire? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 7/22/2008 Posts: 1,139
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Impunity wrote: Me like this,KK share to tumble today. all liabilities will be passed to their insurer. The insurer will reinstate KK station to the same financial position it was before the loss occured.This is a simple insurance rule ! "You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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mlennyma wrote:I will not engage in this petty issue,how can one remote station affect a regional empire? If you subtract 50 cents from one thousand shillings, do you still have one thousand shillings?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mlennyma wrote:I will not engage in this petty issue,how can one remote station affect a regional empire?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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+6.5% up today. So much for this wet dream.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Wazuans, please get your pessimism out of this site. How can you relate the razing down of one gas station(most probably accounting for atmost 2% volume sales annually) to tumbling of a companies share price. Get busy, lest you are another breed of activist who utter any a long as is bad (an mostly useless), nothing good. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 1/29/2011 Posts: 257
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Cde Monomotapa wrote:+6.5% up today. So much for this wet dream. Don't jinx it bro, its only 10.00am...! "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Member Joined: 9/26/2006 Posts: 440 Location: CENTRAL PROVINCE
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dunkang wrote:Wazuans, please get your pessimism out of this site. How can you relate the razing down of one gas station(most probably accounting for atmost 2% volume sales annually) to tumbling of a companies share price.
Get busy, lest you are another breed of activist who utter any a long as is bad (an mostly useless), nothing good. KK has about 160 gas stations in Kenya and about 420 stations in total (Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Burundi and Zambia). As such, the Kitengela station should contribute less than 0.24% of the turnover. Am certain its fully insured and should be back in operations in no time. Happy hunting
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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stocksmaster wrote:dunkang wrote:Wazuans, please get your pessimism out of this site. How can you relate the razing down of one gas station(most probably accounting for atmost 2% volume sales annually) to tumbling of a companies share price.
Get busy, lest you are another breed of activist who utter any a long as is bad (an mostly useless), nothing good. KK has about 160 gas stations in Kenya and about 420 stations in total (Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Burundi and Zambia). As such, the Kitengela station should contribute less than 0.24% of the turnover. Am certain its fully insured and should be back in operations in no time. Happy hunting Yup. Think, do not be afraid..(to think)
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Why not? Jinxing it would only play into (some of) our hands. earthvoice wrote:Cde Monomotapa wrote:+6.5% up today. So much for this wet dream. Don't jinx it bro, its only 10.00am...!
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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More details: The station was being relocated (due to expansion of the road) & was only selling gas (LPG) cylinders. The loss is limited to damaged premises, some cylinders & one vehicle. The station was 'closed' but being renovated to a non-fuel business since it was not viable as a fuel station after the expansion of the road. [I suspect some of the land/area was acquired for the expansion so the fuel court would be too small] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwanahisa wrote:Why not? Jinxing it would only play into (some of) our hands. earthvoice wrote:Cde Monomotapa wrote:+6.5% up today. So much for this wet dream. Don't jinx it bro, its only 10.00am...! Oops...
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Kobil Kitengela razed down
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