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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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FUNKY wrote:I doubt there will be a split but the talk about the bonus has been going on for the past 3 years. Let's see if they will declare the bonus this year. The bonus issue was addressed by JIS during the H1 2011 presentation at the Investor Briefing. Here JIS was categorically clear that a bonus issuance would only arise in the event of a MAJOR financial arrangement for the purposes of a MAJOR acquistion... Meanwhile u can go to their site & catch up on what went down during the IB. We Will Either Find a Way or Create One - HANNIBAL
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Rank: Member Joined: 7/12/2011 Posts: 194
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Bettertry wrote:FUNKY wrote:I doubt there will be a split but the talk about the bonus has been going on for the past 3 years. Let's see if they will declare the bonus this year. The bonus issue was addressed by JIS during the H1 2011 presentation at the Investor Briefing. Here JIS was categorically clear that a bonus issuance would only arise in the event of a MAJOR financial arrangement for the purposes of a MAJOR acquistion... Meanwhile u can go to their site & catch up on what went down during the IB. kenyainvestor wrote: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" But then, even if he were to give a bonus, I doubt he would categorically say it outright Though we do know hat they have plans in Lubumbashi, Malawi, Namibia and Botswana...
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Rank: Chief Joined: 1/3/2007 Posts: 18,224 Location: Nairobi
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Aguytrying wrote:@vvs. You are the guy who saw it from the start. Where do you see kk after dividend excitement dies down, after book closure. 1) I buy long-term so short term variations do not bother me. If KK was 'delisted' I would remain a shareholder coz IMHO it will be making an EPS of 3/- in FY 2013. 2) Will it drop after it is ex-div (Yes, by 50 cents) but I cannot predict short-term movements. 3) It is election time so prices may/will weaken as we get into 2012. Bottomline: 12/- is cheap. 6x PER. P/B is almost 1:1 (include various properties not revalued). If you buy a great farm cheap today, do you worry about the daily 'price' or the profits it will generate? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VVS, Lai indicated that they will not be revaluing the properties. Do they ever plan on revaluing in the near future? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,224 Location: Nairobi
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The only reason for a bonus is in lieu of a dividend [so the cash can be used to expand/acquire other businesses] & not for the sake of a bonus! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:The only reason for a bonus is in lieu of a dividend [so the cash can be used to expand/acquire other businesses] & not for the sake of a bonus! Yeah, it would seem odd to be dishing out FAT dividends then going for a bonus. GOD BLESS YOUR LIFE
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Rank: Member Joined: 9/26/2006 Posts: 440 Location: CENTRAL PROVINCE
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@ Young will like this: Kenolkobil Board has adopted a dividend policy of 40-45% dividend payment of Net Profits.
Happy hunting.
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Rank: Chief Joined: 1/3/2007 Posts: 18,224 Location: Nairobi
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youcan'tstopusnow wrote:VVS, Lai indicated that they will not be revaluing the properties. Do they ever plan on revaluing in the near future? I doubt unless it is done for a sale. Of course, a redevelopment might require a revaluation but IFRS requires the lower of historic cost or current 'value'. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:[quote=Aguytrying]@vvs. You are the guy who saw it from the start. Where do you see kk after dividend excitement dies down, after book closure. 1) I buy long-term so short term variations do not bother me. If KK was 'delisted' I would remain a shareholder coz IMHO it will be making an EPS of 3/- in FY 2013. 2) Will it drop after it is ex-div (Yes, by 50 cents) but I cannot predict short-term movements. 3) It is election time so prices may/will weaken as we get into 2012. YOU are a true value investor, like warren buffet, and for that i salute you. Thanks for the wisdom. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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I dumped everything this week to avoid the 5% withholding tax. I will buy back ex div. I've parked the cash in CFC money market at 6.2%
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Rank: Elder Joined: 6/20/2007 Posts: 2,048 Location: Lagos, Nigeria
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Gordon Gekko wrote:I dumped everything this week to avoid the 5% withholding tax. I will buy back ex div. I've parked the cash in CFC money market at 6.2% I hope you know when you dumped KK you paid 2.1% "tax" ,when you subcribed to CFC money market, you paid some "tax" and when you will buy back KK in future date you will still pay 2.1 % "tax" . Invarariably the tax you are avoiding you are still paying them. Regards 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: Elder Joined: 6/20/2007 Posts: 2,048 Location: Lagos, Nigeria
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In addition it is cheaper to pay tax on interest (dividends) than on the capital. 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: Chief Joined: 1/3/2007 Posts: 18,224 Location: Nairobi
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young wrote:Gordon Gekko wrote:I dumped everything this week to avoid the 5% withholding tax. I will buy back ex div. I've parked the cash in CFC money market at 6.2% I hope you know when you dumped KK you paid 2.1% "tax" ,when you subcribed to CFC money market, you paid some "tax" and when you will buy back KK in future date you will still pay 2.1 % "tax" . Invarariably the tax you are avoiding you are still paying them. Regards Well said. As Warren Buffett said... Most of USA's dividends are eaten up by financial services! Basically, @young is right. All this 'trading' makes brokers, CMA fat cats, banks rich. He likes dividends. At the end it is ALL about the dividends. No company can grow forever. Look at Microsoft. Warren Buffett does not pay dividends as long as he can grow the firm's profits (ROE) higher than average. He has said when he can't grow it, he will pay it out as dividends. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:This will be the fastest dividend i have ever collected. XD August and by September i'm paid in full!! Yep. HFCK is making people wait till 30th November! GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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If GG feels the stock price will fall significantly more than the 5% yield, he is entitled to sell. He might make his broker rich, but will make himself richer (if indeed his move does pan out) by getting more shares than he initially had. Fair enough GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,224 Location: Nairobi
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youcan'tstopusnow wrote:If GG feels the stock price will fall significantly more than the 5% yield, he is entitled to sell. He might make his broker rich, but will make himself richer (if indeed his move does pan out) by getting more shares than he initially had. Fair enough Oh, yes... It is his decision. Good luck to him. My point is that I am not a trader coz I do not think I can make more money than my broker when I 'trade'. For an excellent look at trading see @stocksmaster who has sorta morphed from 'trading' to 'buy & hold' in 2011. P.S. @SM is a long-term sort of chap but had a great year trading in 2010. The experiment worked for 1 year. Now it seems he is 'holding' but I may be mistaken. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:youcan'tstopusnow wrote:If GG feels the stock price will fall significantly more than the 5% yield, he is entitled to sell. He might make his broker rich, but will make himself richer (if indeed his move does pan out) by getting more shares than he initially had. Fair enough Oh, yes... It is his decision. Good luck to him. My point is that I am not a trader coz I do not think I can make more money than my broker when I 'trade'. For an excellent look at trading see @stocksmaster who has sorta morphed from 'trading' to 'buy & hold' in 2011. P.S. @SM is a long-term sort of chap but had a great year trading in 2010. The experiment worked for 1 year. Now it seems he is 'holding' but I may be mistaken. Yeah. His move to wait for the DTB dividends was surprising. Probably holding KK as there are NO better opportunities to buy if he sells. STILL BEATING THE MARKET THOUGH  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/20/2007 Posts: 2,048 Location: Lagos, Nigeria
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stocksmaster wrote:@ Young will like this: Kenolkobil Board has adopted a dividend policy of 40-45% dividend payment of Net Profits.
Happy hunting. SM, Thanks for sharing this info. 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: Elder Joined: 5/27/2008 Posts: 3,760
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youcan'tstopusnow wrote:If GG feels the stock price will fall significantly more than the 5% yield, he is entitled to sell. He might make his broker rich, but will make himself richer (if indeed his move does pan out) by getting more shares than he initially had. Fair enough I'm banking on a greater than 5% fall on account of ex div and the election uncertainty. @young, there is no entry or exit fee for CFC MM, its all factored in the net 6.2% interest, which is variable and indications are that it is rising. BTW, I also offloaded my KCB, I'm looking for a sub 22 rentry, which I suspect should be in two or three months. This was more of an emotional decision (bad) as I was quite disappointed by the H1 numbers.
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Rank: Elder Joined: 6/20/2007 Posts: 2,048 Location: Lagos, Nigeria
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Dear @GG our inputs are mere suggestions which may not be of much use to you but to others since you have already taken a decision I also believe the net 6.2% is per annum, that translates to 0.52% increase in your capital per month. In essence you can only realise the 6.2% increase in a years time, but if you exit before then to re-position in NSE ........... I believe in a years time KK will yield not less than 10% horizontal growth in the form of interest (dividend) and not less than 5% vertical growth in form of capital appreciation for those that bought it sub 11 bob. Combining the two growths, one should make at least 15% capital growth. This is irrespective of market ups and downs that is expected during this period in question. 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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KenolKobil first HY 2011 pretax profit up 86%
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