bwenyenye wrote:
@ Guru,
NOCK should have capacity to have indications of future oil trading prices and get contracts that allow for huge imports at stable prices. If they see the KES fluctuating, as it has, what has stopped them from hedging( KQ made quite some income from this last year) or keeping their reserves in foreign currency. They should be able to stabilize prices within every quarter. Right now, do you feel their effect on the market? Yet it is "OUR" money that has been used to set them up fro the very purpose of stabilizing oil prices and ensuring that the multinationals do not exploit us. we even went further to acquire alot of retail stations for them. Then mow the MD lady imagines we were doing it for profits. If they cannot do what they are supposed to do, then shut them down!
If we could predict the future, we could make alot of money.
Reality: No one can predict what the price of OIL shall be, neither the currency rates - even for Dec 2012. People try while thinking on a macro scale, but usually mr. Market does not follow the fundamentals.
Therefore, telling NOCK to predict is being impractical.. can they hedge - probably. Its a two way sword - remember what happened to KQ when the prices of oil dropped to about $40 last year? I would like to see more practical solutions, rather than "NOCK should do better".
Be part of the solution, rather than point out where the problem is. We all know where the problem is - the "124.2" written at the petrol pump!