Wazua
»
Investor
»
Stocks
»
Total Kenya profit falls by 96%
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
DN wrote:Total wants the L22 acreage to increase its presence in Kenya. Last year the firm announced its acquisition of 40 per cent interest in areas L5, L7, L11A, L11B and L12 subject to approval by Kenyan authorities. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
And there goes my dream of seeing this stock edge below 10/- http://www.businessdaily.../-/9s5ysoz/-/index.html
BD wrote:The funding will come in a major capital restructuring drive that will see the oil marketer create and sell nearly 331 million new redeemable preferential shares to the parent company at Sh15.71 each. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
hisah wrote:And there goes my dream of seeing this stock edge below 10/- http://www.businessdaily.../-/9s5ysoz/-/index.html
BD wrote:The funding will come in a major capital restructuring drive that will see the oil marketer create and sell nearly 331 million new redeemable preferential shares to the parent company at Sh15.71 each. Why chase this while you are safely riding the mother and father of all rallies? (Africa Oil) GOD BLESS YOUR LIFE
|
|
|
Rank: Member Joined: 4/30/2007 Posts: 92
|
mkeiyd wrote:Jamani wrote:mkeiyd wrote:3 shares traded @ 211 bob. How is that possible? wacha wewe!!!...... its 3 deals at a total of +112K
BIDS 16,200Quantity Price Splits Time 6,100 15.00 1 12:20:14 2,000 14.75 1 12:20:14 3,600 14.60 2 12:20:14 3,000 13.00 1 12:20:14 1,500 12.00 1 12:20:14 ASKS 67,700Quantity Price Splits Time 28,600 16.00 6 12:20:14 1,000 16.50 1 12:20:14 10,000 17.65 1 12:20:14 28,100 32.00 1 12:20:14 - - - - TRADESQuantity Price Time 2,000 15.00 12:20:13 4,000 15.00 12:15:34 1,500 15.00 09:33:50 - - - - - - The damn price of 211 for 3 shares was on rich live, both normal and expert boards. It got my heart jumping. Was there anything between the 2 and 1? like .
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
youcan'tstopusnow wrote:hisah wrote:And there goes my dream of seeing this stock edge below 10/- http://www.businessdaily.../-/9s5ysoz/-/index.html
BD wrote:The funding will come in a major capital restructuring drive that will see the oil marketer create and sell nearly 331 million new redeemable preferential shares to the parent company at Sh15.71 each. Why chase this while you are safely riding the mother and father of all rallies? (Africa Oil) I want to be bought out 
The mother got preferential shares @31 during caltex acquisition & now @15.70. Offshore oil & gas is coming soon. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
hisah wrote:youcan'tstopusnow wrote:hisah wrote:And there goes my dream of seeing this stock edge below 10/- http://www.businessdaily.../-/9s5ysoz/-/index.html
BD wrote:The funding will come in a major capital restructuring drive that will see the oil marketer create and sell nearly 331 million new redeemable preferential shares to the parent company at Sh15.71 each. Why chase this while you are safely riding the mother and father of all rallies? (Africa Oil) I want to be bought out
The mother got preferential shares @31 during caltex acquisition & now @15.70. Offshore oil & gas is coming soon. The mother to buy out the child? how? 95% of dividends from total ke will go to Total-outre mer after restructure. Is this the mother or the step mother? The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Aguytrying wrote:hisah wrote:youcan'tstopusnow wrote:hisah wrote:And there goes my dream of seeing this stock edge below 10/- http://www.businessdaily.../-/9s5ysoz/-/index.html
BD wrote:The funding will come in a major capital restructuring drive that will see the oil marketer create and sell nearly 331 million new redeemable preferential shares to the parent company at Sh15.71 each. Why chase this while you are safely riding the mother and father of all rallies? (Africa Oil) I want to be bought out
The mother got preferential shares @31 during caltex acquisition & now @15.70. Offshore oil & gas is coming soon. The mother to buy out the child? how? 95% of dividends from total ke will go to Total-outre mer after restructure. Is this the mother or the step mother? They may sell TKL... That's what I'm looking at...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
@ hisah. Je voir  The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Member Joined: 1/25/2010 Posts: 344
|
DN page 38 Total issues Profit Warning. These price controls are gonna kill these companies.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Downstream stocks looking good just like the hydrocarbon play. How long will they last... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
hisah wrote:Downstream stocks looking good just like the hydrocarbon play. How long will they last... Are you still on that Total oil play? GOD BLESS YOUR LIFE
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
Any idea on the size of the 'settlement' with Triton. This is very worrying. Did Total have to pay Triton due to the court decision (or rather settlement) in London? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
youcan'tstopusnow wrote:hisah wrote:Downstream stocks looking good just like the hydrocarbon play. How long will they last... Are you still on that Total oil play? Didn't get on board. Hopefully I can now get my sub 10 price with this results. It'll be interesting to see KK and TK sub 10. Who'll will be the prettier of the ugly sisters $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
|
NAIROBI (Reuters) - Fuel marketer Total Kenya Ltd on Tuesday said it would post a financial loss for 2012 after it was forced to settle a legal claim in a London court. It said the claim related to the activities of Triton, a Kenyan oil firm that collapsed in 2008 after illegally selling oil worth 7.6 billion shillings. Total Kenya did not offer any details about the suit. While the company has admitted no liability, it said it had concluded it was in shareholders' best interests to settle the claim this month and take a hit in last year's accounts. "It is important to note that in the absence of this exceptional settlement, the company would have returned a profit," Total Kenya said, adding it expected improvement this year. The company, which is majority-owned by French oil company Total, posted a pre-tax profit of 58 million shillings in 2011 and a net loss of 71 million shillings after taxes. Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
dunkang wrote:NAIROBI (Reuters) - Fuel marketer Total Kenya Ltd on Tuesday said it would post a financial loss for 2012 after it was forced to settle a legal claim in a London court. It said the claim related to the activities of Triton, a Kenyan oil firm that collapsed in 2008 after illegally selling oil worth 7.6 billion shillings. Total Kenya did not offer any details about the suit.
While the company has admitted no liability, it said it had concluded it was in shareholders' best interests to settle the claim this month and take a hit in last year's accounts. "It is important to note that in the absence of this exceptional settlement, the company would have returned a profit," Total Kenya said, adding it expected improvement this year.
The company, which is majority-owned by French oil company Total, posted a pre-tax profit of 58 million shillings in 2011 and a net loss of 71 million shillings after taxes. Legal claim in London???$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
|
hisah wrote:youcan'tstopusnow wrote:hisah wrote:Downstream stocks looking good just like the hydrocarbon play. How long will they last... Are you still on that Total oil play? Didn't get on board. Hopefully I can now get my sub 10 price with this results. It'll be interesting to see KK and TK sub 10. Who'll will be the prettier of the ugly sisters Generally speaking this year is going to be good to the downstream business especially the big 4, with a semblance of stability in international oil prices, a stronger shilling (contestable), tougher policies from MOE and price wars which would squeeze out the smaller players. Whether this would translate on the stock for KK and TKL is left for you the experts. Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
SittingPretty wrote:hisah wrote:youcan'tstopusnow wrote:hisah wrote:Downstream stocks looking good just like the hydrocarbon play. How long will they last... Are you still on that Total oil play? Didn't get on board. Hopefully I can now get my sub 10 price with this results. It'll be interesting to see KK and TK sub 10. Who'll will be the prettier of the ugly sisters Generally speaking this year is going to be good to the downstream business especially the big 4, with a semblance of stability in international oil prices, a stronger shilling (contestable), tougher policies from MOE and price wars which would squeeze out the smaller players. Whether this would translate on the stock for KK and TKL is left for you the experts. @hisah. Lol @ prettier of the 2. I will not be left out of the hydrocarbon play. Planning to buy Kk and tk. I fancied kplc and kengen as my energy stocks but their debts were too large. Infact I sold that monkey kengen today (future monkey). Today tk refused to go below 13.00 and kenol strongly fighting to stay above 10.00. When the results finally come in, they should be easy picking.. The fact that outre mere owns so much of tk is very bullish. Pay day will come to the ugly sisters! Lol The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
@hisah. Whats the effect of the preference shares held by outre mere at 15.70 and at 31.5? Especially in terms of dilution to ordinary shares eps and dividends. The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
|
Aguytrying wrote:@hisah. Whats the effect of the preference shares held by outre mere at 15.70 and at 31.5? Especially in terms of dilution to ordinary shares eps and dividends. Can you imagine what Outre Mer sort of paid KES 31.50 you can buy at 14.00? Those Preference Shares attract a dividend on par with Ordinary Shares. The question is whether Total K will redeem them in the future? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
VituVingiSana wrote:Aguytrying wrote:@hisah. Whats the effect of the preference shares held by outre mere at 15.70 and at 31.5? Especially in terms of dilution to ordinary shares eps and dividends. Can you imagine what Outre Mer sort of paid KES 31.50 you can buy at 14.00? Those Preference Shares attract a dividend on par with Ordinary Shares. The question is whether Total K will redeem them in the future? That is amazing. Means they thought the shares were worth around that much. The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Wazua
»
Investor
»
Stocks
»
Total Kenya profit falls by 96%
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|