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Total Profits slump
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Sober
#1 Posted : Wednesday, November 16, 2011 9:16:14 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Net profit drops to 69.5 million down from 348million for the first nine months of the year.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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mlennyma
#2 Posted : Wednesday, November 16, 2011 9:21:25 AM
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Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Grave!!what ails them? Fair value 10 or below
"Don't let the fear of losing be greater than the excitement of winning."
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mkonomtupu
#3 Posted : Wednesday, November 16, 2011 9:23:55 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
with the base rate at 24% and with their extensive borrowings, things are getting bad to worse for total

I like the candid disclosure that "were it not for other income of Kshs 200m from disposal of several company assets....the company would have registered a loss for the first nine months"

future outlook for KK?Pray Pray
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VituVingiSana
#4 Posted : Wednesday, November 16, 2011 10:09:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
Things will be tough for KK as well but if you are like me [check my original post] and can wait till 2014... plenty profits will come through!

Unlike Total Kenya... KK is a regional firm that has spread its risks & will get a huge boost once the smaller OMCs have died out in Kenya!

I have no idea how smaller firms are surviving!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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selah
#5 Posted : Wednesday, November 16, 2011 10:26:29 AM
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Joined: 10/13/2009
Posts: 1,950
Location: in kenya
The margins are too low,this industry is in its death bed if nothing is done about it.

Turnover is about 65B while cost of sales is about 62B, seriously for a capital intensive industry like this one how does it expand with such low margins.


'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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cnn
#6 Posted : Wednesday, November 16, 2011 10:50:46 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,622
selah wrote:
The margins are too low,this industry is in its death bed if nothing is done about it.

Turnover is about 65B while cost of sales is about 62B, seriously for a capital intensive industry like this one how does it expand with such low margins.



And Kenyans still believe the multinational 'cartels' are still ripping them off!
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cnn
#7 Posted : Wednesday, November 16, 2011 10:55:26 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,622
VituVingiSana wrote:
Things will be tough for KK as well but if you are like me [check my original post] and can wait till 2014... plenty profits will come through!

Unlike Total Kenya... KK is a regional firm that has spread its risks & will get a huge boost once the smaller OMCs have died out in Kenya!

I have no idea how smaller firms are surviving!

KK would have done very well YoY ,i still expect around 50% growth.
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2012
#8 Posted : Wednesday, November 16, 2011 11:03:18 AM
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Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
selah wrote:
The margins are too low,this industry is in its death bed


Death bed? This industry is the main cogwheel of of all other industries! I think we shareholders will be at the losing end but the owners and employees are more than well taken care of.

BBI will solve it :)
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VituVingiSana
#9 Posted : Wednesday, November 16, 2011 11:48:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
How will smaller OMCs survive? If they die the industry will be in the grip of a few.

As a KK shareholder, I would like KK to be more 'powerful' but I do not think that is the way to go.

I would rather KK expands regionally while the Kenyan market continues having lots of competition even it KK 'hurts' locally due to competition...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#10 Posted : Wednesday, November 16, 2011 12:19:23 PM
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Joined: 11/27/2007
Posts: 3,604
The stock seems unaffected. Do we assume that it has already been factored.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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jerry
#11 Posted : Wednesday, November 16, 2011 1:47:03 PM
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Joined: 9/29/2006
Posts: 2,570
2012 wrote:
selah wrote:
The margins are too low,this industry is in its death bed


Death bed? This industry is the main cogwheel of of all other industries! I think we shareholders will be at the losing end but the owners and employees are more than well taken care of.

Who r the owners?
The opposite of courage is not cowardice, it's conformity.
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StatMeister
#12 Posted : Wednesday, November 16, 2011 3:13:24 PM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
VituVingiSana wrote:
How will smaller OMCs survive? If they die the industry will be in the grip of a few.

As a KK shareholder, I would like KK to be more 'powerful' but I do not think that is the way to go.

I would rather KK expands regionally while the Kenyan market continues having lots of competition even it KK 'hurts' locally due to competition...



http://www.wazua.co.ke/f...16126&p=2#post238528
A bad day fishing is better than a good day at work
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anika66
#13 Posted : Wednesday, November 16, 2011 10:15:10 PM
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Joined: 2/25/2010
Posts: 158
Sober wrote:
The stock seems unaffected. Do we assume that it has already been factored.


Reaction time, Mr Market has not yet reacted to the news. Check next week
Keeping it all in the family
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Aguytrying
#14 Posted : Monday, November 21, 2011 3:19:22 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
I wonder how much Kenol Kobil Kenyan operations profits have been affected y/y 2010/2011?
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#15 Posted : Monday, November 21, 2011 4:47:32 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
jerry wrote:
2012 wrote:
selah wrote:
The margins are too low,this industry is in its death bed


Death bed? This industry is the main cogwheel of of all other industries! I think we shareholders will be at the losing end but the owners and employees are more than well taken care of.

Who r the owners?

Good question smile
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Cde Monomotapa
#16 Posted : Monday, November 21, 2011 4:50:06 PM
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Joined: 1/13/2011
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Aguytrying wrote:
I wonder how much Kenol Kobil Kenyan operations profits have been affected y/y 2010/2011?

Earnings season Q1 2012 smile
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Aguytrying
#17 Posted : Monday, November 21, 2011 10:16:56 PM
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Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
Aguytrying wrote:
I wonder how much Kenol Kobil Kenyan operations profits have been affected y/y 2010/2011?

Earnings season Q1 2012 smile

yep. Was going through financial statements and in each of them segman re-affirms the difficulty and inefficiency of the kenyan business. I like how he scathingly attacks in each of them. It would be interesting to know kenya performance.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#18 Posted : Monday, November 21, 2011 10:39:23 PM
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Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
Cde Monomotapa wrote:
Aguytrying wrote:
I wonder how much Kenol Kobil Kenyan operations profits have been affected y/y 2010/2011?

Earnings season Q1 2012 smile

yep. Was going through financial statements and in each of them segman re-affirms the difficulty and inefficiency of the kenyan business. I like how he scathingly attacks in each of them. It would be interesting to know kenya performance.

Sure. Let's see whether the recent KES strength will do us some justice atleast in December.
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VituVingiSana
#19 Posted : Tuesday, November 22, 2011 11:45:13 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
Cde Monomotapa wrote:
Aguytrying wrote:
Cde Monomotapa wrote:
Aguytrying wrote:
I wonder how much Kenol Kobil Kenyan operations profits have been affected y/y 2010/2011?

Earnings season Q1 2012 smile

yep. Was going through financial statements and in each of them segman re-affirms the difficulty and inefficiency of the kenyan business. I like how he scathingly attacks in each of them. It would be interesting to know kenya performance.

Sure. Let's see whether the recent KES strength will do us some justice atleast in December.

KK will be the only OMC to make money in Kenya! And that is because they are more efficient. Otherwise, it is getting tough. Good news for KK... the competitors are dying out leaving KK as the OMC that grows even bigger!

I only fill up during Deal Poa days. No-one else can compete.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jamani
#20 Posted : Tuesday, November 22, 2011 11:57:32 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
VituVingiSana wrote:
Cde Monomotapa wrote:
Aguytrying wrote:
Cde Monomotapa wrote:
Aguytrying wrote:
I wonder how much Kenol Kobil Kenyan operations profits have been affected y/y 2010/2011?

Earnings season Q1 2012 smile

yep. Was going through financial statements and in each of them segman re-affirms the difficulty and inefficiency of the kenyan business. I like how he scathingly attacks in each of them. It would be interesting to know kenya performance.

Sure. Let's see whether the recent KES strength will do us some justice atleast in December.

KK will be the only OMC to make money in Kenya! And that is because they are more efficient. Otherwise, it is getting tough. Good news for KK... the competitors are dying out leaving KK as the OMC that grows even bigger!

I only fill up during Deal Poa days. No-one else can compete.


Just imagine the volumes they do on deal poa, look at the deposits they receive in advance for this.....loan bila interest .....
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