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KenolKobil first HY 2011 pretax profit up 86%
Rank: Member Joined: 9/19/2010 Posts: 237 Location: Republic of Graham & Doddsville
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earthvoice wrote: he he he  @QW, hope u meant KRA... otherwise where do brokers come in to have a piece of ur share during a dividend payout??? We Will Either Find a Way or Create One - HANNIBAL
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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the deal wrote:Cde Monomotapa wrote:Looking a bit further it confirms that ESOPs are the way to go. Look @ SA and all its Unions problems, nkt!! (or here with KQ). With a successful ESOP then employee expectations & objectives are directly linked to the companies progress!! In Kenya people work for peanuts...ask those KQ ground staff how much they're paid n u will be shocked...a Vet Doc after spending 5 yrs in Uni gets paid 50K in Kenya while in Namibia the later will pocket around 400K. In SA its all about overpaid lazy workers wanting more money...overall ESOPS are good they bring a sense of ownership among staff...i'm sure morale levels are sky high among JIS troops. Yep... and a packet of milk goes for 100bob in Namibia... Be careful when comparing salaries across boarders Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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I see the KenolKobil results announcement http://www.kenolkobil.com/image...alf%20year%20results.pdf and I see signs of a well run company. Net sales up 38% ...yet gross profit grows 58% and Operating profit is up 89% ...hence profit before tax up 86% It seems other companies in the exchange could achieve this effeciency if they stopped fattening their cost base at the slightest increase in top line.
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Rank: Member Joined: 7/12/2011 Posts: 194
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Aguytrying wrote:good review. In your estimate of 2011 full yr, you put net profit at 2.87b. While half year net profit as at now is 2.1b. Meaning u predict they will make 0.7b in H2. Ie less than 50 percent of H1. Why is this? KenolKobil did not have as brilliant a H2 2010 as H1 2010 H1 2010 - 1,179,493,000 H2 2010 - 597,147,000 FY 2010 - 1,776,640,000 Management said that "Going forward, Management forecast that the 2nd Half of 2011 will be stronger than same period of 2010." H1 2011 - 2,157,050,000 H2 2011(?) - 716,576,000 (20% more than H2 2010) FY 2011(?) - 2,873,626,000 The 2.87 Billion is the minimum I think they will make in Full Year 2011. I feel the EPS will likely hit 2/=
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Rank: Member Joined: 7/12/2011 Posts: 194
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@Aguytrying, the 20% growth from H2 2010 might have also been a touch conservative. If I used a figure such as 50%, here is how it will look like. H1 2011 - 2,157,050,000 H2 2011(?) - 895,721,000(50% more than H2 2010) FY 2011(?) - 3,052,771,000 EPS will be 2.07/= An EPS of 2/= is thus well within range
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mukiha wrote:the deal wrote:Cde Monomotapa wrote:Looking a bit further it confirms that ESOPs are the way to go. Look @ SA and all its Unions problems, nkt!! (or here with KQ). With a successful ESOP then employee expectations & objectives are directly linked to the companies progress!! In Kenya people work for peanuts...ask those KQ ground staff how much they're paid n u will be shocked...a Vet Doc after spending 5 yrs in Uni gets paid 50K in Kenya while in Namibia the later will pocket around 400K. In SA its all about overpaid lazy workers wanting more money...overall ESOPS are good they bring a sense of ownership among staff...i'm sure morale levels are sky high among JIS troops. Yep... and a packet of milk goes for 100bob in Namibia... Be careful when comparing salaries across boarders To the contrary life in Namibia is still relatively affordable compared to Kenya, Ok apart from Veggies and milk etc stuff you buy from club20...morale of the story is the Nam Vet Doc with a 400K salary will be well motivated to go to work compared to the Kenyan Vet Doc with 50K salary..most likely he will spend most of his office time looking for ways to supplement his income...thus productivity and efficiency goes through the window.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Operating margins in the oil sector are kidogo no wonder Total will ever struggle read more here http://contrarianinvesti...1-earnings-analysis.html
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Fuel like booze is a high volume low margin business. KK is operating on Pan-African platform and for that reason Total Kenya will find it hard to trounce KK revenue & profit/loss wise.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Gordon Gekko wrote:cnn wrote: The one and only J.Segman live on CNBC tomorrow at 1.40pm,make a date. Charles Njogu, put this interview on the website, like you did with the AGM. Thank you Charles, you da man!!! http://www.youtube.com/u.../kobilkenol?feature=mhum
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@kenyainvesting. Your estimates are well thought out and make sense. However i still wonder why a big difference between kenolkobil's H1 and H2. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/20/2007 Posts: 2,048 Location: Lagos, Nigeria
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When speculating choose the counter that if you miss the capital gain, you should not miss the dividend with minimum 5% yield as the standard in NSE. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 2/12/2008 Posts: 1,178
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KK is like Baks, reacts to good news with a smirk
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Rank: Member Joined: 7/12/2011 Posts: 194
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$2.2 Million from non fuels mainly from rentals. Neat! Building in Kampala to be leased to a bank. Market shares per country: Kenya - 25%Zambia - 11%Tanzania - 11%Ethiopia - 7%Uganda - 10%Rwanda - 32%Burundi - 15%
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Rank: Member Joined: 7/12/2011 Posts: 194
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Terminal in Lubumbashi to be finalised and developed
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Rank: Member Joined: 7/12/2011 Posts: 194
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Segman: "Dividend policy sufficient and fair way of giving returns to investors" "Bonus will be considered at a a later stage IF they go for major financing arrangement for a major acquisition within Africa"
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Rank: Member Joined: 7/12/2011 Posts: 194
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KPC battle still going on
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@KI. Nice tit bits. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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Watched the earlier KK press conference on youtube and later Segman's interview with CNBCs Alishia both confidence inspiring.Were it not for the currencies in the region losing to the dollar the group would have easily grown earnings 100%.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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willin2learn wrote:KK is like Baks, reacts to good news with a smirk 
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Rank: Member Joined: 12/11/2006 Posts: 896
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waiting to exit @15 “Invest in yourself. Your career is the engine of your wealth.”
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KenolKobil first HY 2011 pretax profit up 86%
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