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KENOL KOBIL .... 2012
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I have relaxed. Btw swiching to a new counter quickly is alost always a not as profitable. locking in this money till panic central will help investors. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KK issues profit warning - http://mobile.twitter.co...atus/215106396226715648
Oops!?! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Good PR from KK. I still don't understand why CMA halted their shares after the take over news... Bizarre regulator this CMA...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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This one was coming,maybe more vicious than i had thought.So how does this affect Pumas offer price if they still go ahead?
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Read the Annual Report (including the Comprehensive Income) & Notes to the Financial Statement. It was stated that there were some issues with hedging/derivatives. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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cnn wrote:This one was coming,maybe more vicious than i had thought.So how does this affect Pumas offer price if they still go ahead? It's a blip for 6 months. Puma is looking at the longer term. I would say it means: 1) No interim dividend 2) Puma may reduce the payout by 1/- Overall, it means KK has 'lost' 1/- of earnings which will mean shareholders will 'lose' 1/-. Since the shares are suspended, it matters little to the share price volatility. 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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is he indirectly saying, the shares will resume trading? (last paragraph) The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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"In the year under review, there was an increase in exchange losses in 2011 by K.Shs. 582M over 2010,mainly arising from fluctuation of local currencies in most countries of operation. Due to the rapid and steep Kenya Shilling fluctuation against the U.S. Dollar, Kenya operation suffered the highest exchanges loss in the year, of K.Shs. 982M, which included substantial Realised losses on hedged forward positions taken on K.Shs/USD exchange. The effect of Realised Loss started in the month of December 2011 and spilled over into the subsequent Financial Year, of which effect, can be seen in Statement of Comprehensive income."Page 4 of the FY 2011 annual report. Statement of Chairman & Group Managing Directors’S Report.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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youcan'tstopusnow wrote:Hunderwear wrote:
Hey we still have the interim dividend to go before we call it a day
Swali ni, how will KK perform in H1 2012? Segman says the company took a hit from a cargo under the trading desk and also from forward contracts. Indeed he acknowledges KK began 2012 performance on a ''low note''. I have a feeling that even if a profit is made in H1 2012, it will be significantly lower than the 2.157 Billion made last year over the same period. So maybe a lower interim dividend (if any). Good thing (or bad) is the share is suspended and few people would care about results now! GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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youcan'tstopusnow wrote:youcan'tstopusnow wrote:Hunderwear wrote:
Hey we still have the interim dividend to go before we call it a day
Swali ni, how will KK perform in H1 2012? Segman says the company took a hit from a cargo under the trading desk and also from forward contracts. Indeed he acknowledges KK began 2012 performance on a ''low note''. I have a feeling that even if a profit is made in H1 2012, it will be significantly lower than the 2.157 Billion made last year over the same period. So maybe a lower interim dividend (if any). Good thing (or bad) is the share is suspended and few people would care about results now! spot on The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Why stress? This is like Carbacid when it was suspended. The firm was well-run. A hiccup here & there is ok. It happens to the best of us. When the KES was falling from 82 to 85 to 90 to 95 to 100 to 105, entering into hedges seemed smart. The huge (& rapid) depreciation from 82 to 105 was unexpected by most. To strengthen the KES, the interest rates soared. I believe KK has adjusted to the current situation & back to the money-maker in 2H 2012. 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:Why stress? This is like Carbacid when it was suspended. The firm was well-run. A hiccup here & there is ok. It happens to the best of us.
When the KES was falling from 82 to 85 to 90 to 95 to 100 to 105, entering into hedges seemed smart. The huge (& rapid) depreciation from 82 to 105 was unexpected by most.
To strengthen the KES, the interest rates soared.
I believe KQ has adjusted to the current situation & back to the money-maker in 2H 2012. You mean KK?  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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youcan'tstopusnow wrote:VituVingiSana wrote:Why stress? This is like Carbacid when it was suspended. The firm was well-run. A hiccup here & there is ok. It happens to the best of us.
When the KES was falling from 82 to 85 to 90 to 95 to 100 to 105, entering into hedges seemed smart. The huge (& rapid) depreciation from 82 to 105 was unexpected by most.
To strengthen the KES, the interest rates soared.
I believe KQ has adjusted to the current situation & back to the money-maker in 2H 2012. You mean KK? Made the change. Yes, KK... LOL, KQ can't do anything but shoot themselves in the foot! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Nkt! Why now? The effect of a takeover announcement might have worn off after 6 weeks. Kuzidisha, there's a profit warning! Anyway, supply at 15 GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Kweli the excitement died...we lost valuable time "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I wonder if the takeover deal has flopped!!
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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KENOL KOBIL NORMAL BIDS 233,000 Quantity Price Splits Time 72,000 12.55 4 10:06:19 5,000 12.50 1 10:06:19 5,000 12.00 1 10:06:19 10,000 10.10 1 10:06:19 100,000 10.00 1 10:06:19 ASKS 218,500 Quantity Price Splits Time 9,900 15.00 1 10:06:19 20,000 19.00 1 10:06:19 165,200 20.00 6 10:06:19 23,400 30.00 4 10:06:19 - - - - TRADES Quantity Price Time 5,000 15.00 09:54:03 1,400 13.00 09:52:27 5,000 12.00 09:46:45 - - - - - - History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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FUNKY wrote:I wonder if the takeover deal has flopped!! Tema mate! GOD BLESS YOUR LIFE
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