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KENOL KOBIL .... 2012
youcan'tstopusnow
#1721 Posted : Friday, August 24, 2012 11:51:04 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekezaji, PUMA earlier this month said due diligence was still going on.
http://www.hope-mag.com/...news&ca=1&a=589
As for the results, maybe they are going for a double announcement. If that is the case, they have just over a month to complete the 'due diligence'
GOD BLESS YOUR LIFE
Sufficiently Philanga....thropic
#1722 Posted : Friday, August 24, 2012 11:52:00 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Soo true @Hisah,wonder how far down the stock will have gone should kk decide to keep mum & only be heard on 30th Sept as they announce H1 results(they are allowed to delay disclosure until this day)..btw,im not saying they'll pull this stunt...#jus saying
@SufficientlyP
kaifastus
#1723 Posted : Friday, August 24, 2012 11:55:58 AM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
its going down alright...anxiety galore
VituVingiSana
#1724 Posted : Friday, August 24, 2012 1:22:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Patience. Kwani, do you harvest the day you plant?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#1725 Posted : Friday, August 24, 2012 4:58:18 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
mwekezaji, PUMA earlier this month said due diligence was still going on.
http://www.hope-mag.com/...news&ca=1&a=589
As for the results, maybe they are going for a double announcement. If that is the case, they have just over a month to complete the 'due diligence'


Quote:
From that link posted on 6th August 2012
According to a statement from Trafigura’s communication team, whatever that is currently happening is part of the due process. “The due diligence phase is underway. Once this process is completed and final discussions concluded, we will be in a position to announce next steps,” said the statement.

Clearly, the next announcement will be BIG. Ditto, it may be a double announcement. smile
Jamani
#1726 Posted : Saturday, August 25, 2012 7:40:58 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Quote....“We think there are high chances that Kenya will become a major oil producer, trading and exporting country over the next decade vastly diversifying its agricultural and service based economy,” said Standard Investment Bank.

International rating agency Moody’s early last month said that additional discoveries will increase chances that Kenya could become an oil exporter, which will improve the country’s economic outlook
... End quote.

With mining prospects set this high, I am thinking/asking why sell KK at a price less than KES 25?
guru267
#1727 Posted : Saturday, August 25, 2012 8:04:50 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Jamani wrote:
With mining prospects set this high, I am thinking/asking why sell KK at a price less than KES 25?


I think KK has the lowest net profit margin on the NSE of about 1.5%

This means that it can so easily make a Huge loss if anything small went wrong their costs or revenues.. (check 2009)

Basically investors are less interested in companies with very low profit margins!

I think if the H1 results come in before the takeover announcement KK share price will be HAMMERED! Hence the reason for their delay.




Mark 12:29
Deuteronomy 4:16
Aguytrying
#1728 Posted : Saturday, August 25, 2012 11:05:57 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
everybody needs to chill. I used to be anxious like most of you but it doesn't help much.
Deal or no deal, I will be fine.

Imagine still owning KK shares with the expected commercial oil viability, Is that really a problem or a gift.

I'm very sure the reason for the delay is negotiation of a higher buy price. Coz It doesn't make sense to sell this company at the brink of major oil discoveries. Unless its some sort of share swap. or attaching a higher premium.
The investor's chief problem - and even his worst enemy - is likely to be himself
mwekez@ji
#1729 Posted : Saturday, August 25, 2012 11:17:40 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
Jamani wrote:
With mining prospects set this high, I am thinking/asking why sell KK at a price less than KES 25?


I think KK has the lowest net profit margin on the NSE of about 1.5%

This means that it can so easily make a Huge loss if anything small went wrong their costs or revenues.. (check 2009)

Basically investors are less interested in companies with very low profit margins!

I think if the H1 results come in before the takeover announcement KK share price will be HAMMERED! Hence the reason for their delay.






@guru, what do you see in 2009?

That asked, I affirm that midstream and downstream oil business is low margin. The gross profit margin is at a single digit and therefore operating margin and net profit margin follows. That is the reason KK pushes for high sales/volumes and this has worked for them.

We all know investors are interested in our midstream and downstream oil business as it is. That is the reason Puma are here!

The discovery of oil and gas in the region is making the equation better.
Jamani
#1730 Posted : Saturday, August 25, 2012 11:51:53 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Aguytrying wrote:

Deal or no deal, I will be fine.

Imagine still owning KK shares with the expected commercial oil viability, Is that really a problem or a gift.

I'm very sure the reason for the delay is negotiation of a higher buy price. Coz It doesn't make sense to sell this company at the brink of major oil discoveries. Unless its some sort of share swap. or attaching a higher premium.


Thats exactly my point....
259 Pages«<171172173174175>»
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