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KenolKobil FY2011 results pretax profit jumps 74 pct
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mkeiy
#51 Posted : Thursday, March 01, 2012 9:19:52 AM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
itz wrote:
Gordon Gekko wrote:
Diversifying to protect revenue. Not a good sign if you asked me. Stick to your core business and do it well.

www.nation.co.ke/busines...2/-/131woc8/-/index.html


i totally agree with you @Gekko.i dont understood why kenyan companies are all rushing to real estate for revenue growth.Does this mean that their businesses in those particular industries are fully mature.They should stick to their core business.Good companies and good managements stick to their main core business.


I don't see anything wrong with diversification. If Samsung can be no. 1 in electronics, then go ahead a build the tallest building in the world, why can't any of our companies do all that makes money?

WHY?
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mlennyma
#52 Posted : Thursday, March 01, 2012 9:28:51 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Kk didnt excite as many thought so we are soon returning to 9.50-10.50 range.
"Don't let the fear of losing be greater than the excitement of winning."
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Jamani
#53 Posted : Thursday, March 01, 2012 9:41:30 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
A prudent investor is one that diversifies.
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VituVingiSana
#54 Posted : Thursday, March 01, 2012 9:57:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
itz wrote:
Gordon Gekko wrote:
Diversifying to protect revenue. Not a good sign if you asked me. Stick to your core business and do it well.

www.nation.co.ke/busines...2/-/131woc8/-/index.html


i totally agree with you @Gekko.i dont understood why kenyan companies are all rushing to real estate for revenue growth.Does this mean that their businesses in those particular industries are fully mature.They should stick to their core business.Good companies and good managements stick to their main core business.

This is NOT 'new' real estate development but the bolt-on additions. What this means is that KK is using its CURRENT land bank to build new buildings. Check out the K1 KK on Ojijo Rd. There is a new shop/restaurant coming up. The rent KK will get will be in addition to the current sales from fuel.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gordon Gekko
#55 Posted : Thursday, March 01, 2012 2:09:44 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@vitu mob, the Ethiopia development is residential, unless my info is wrong. BTW did you hear the thud this morning when the share hit 11? If I can get cum div at sub 10, it will be Christmas come early.
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VituVingiSana
#56 Posted : Thursday, March 01, 2012 2:21:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Gordon Gekko wrote:
@vitu mob, the Ethiopia development is residential, unless my info is wrong. BTW did you hear the thud this morning when the share hit 11? If I can get cum div at sub 10, it will be Christmas come early.

Mos Def! The strategic investor will probably want a specific part of KK, that is we can keep the upside of the court case against KPC.

I believe all in all, KK's EPS of 2.2 is sustainable thus this is a true PER of 5
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#57 Posted : Friday, March 02, 2012 10:18:50 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
I cannot believe Kenol is trading at 10.50 today.
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Gordon Gekko
#58 Posted : Friday, March 02, 2012 11:42:53 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
FUNKY wrote:
I cannot believe Kenol is trading at 10.50 today.


Sub 10 baby. This, to use the words of that mamasita in the Mbuzi 6 thread, is better than sex.
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Aguytrying
#59 Posted : Monday, March 05, 2012 11:58:19 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I've noted something about the share trading of Kenol kobil since results and dividend announcement.

It is aggressively being supported at 11.00.

Just watch it, whenever demand dries out at 11.00, new higher demand comes in. You'll even at times see supply being higher than demand but the sellers rarely going below 11.00(except the odd one selling at 10.50 once in a while)

Anyway, it is reminiscent of the support i saw at the test of 9.00 bob, though less agrresive.

I'm waiting for it either at 10.00 cum div(optimistic), or 9.60 ex div(also optimistic).

The investor's chief problem - and even his worst enemy - is likely to be himself
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jerry
#60 Posted : Monday, March 05, 2012 12:22:13 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
@Aguytrying. Can't sell at less than 12/= cum dvdd. We look fwd to interim after final dvdd. I don't expect sub 10 any time soon but I think u r a trader.
The opposite of courage is not cowardice, it's conformity.
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