KenolKobil posts Sh3.89b half year loss - Stocks - Wazua

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KenolKobil posts Sh3.89b half year loss

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Josey		#1 Posted : Friday, September 07, 2012 7:22:17 PM
Rank: Member Joined: 9/12/2009 Posts: 236 Location: Nairobi		LINK.. http://www.businessdaily...74/-/6p29i5/-/index.html Jocana Properties
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alikujia		#2 Posted : Friday, September 07, 2012 7:35:04 PM
Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb		eeiish!!! puma defenders get ready!! kazi iko hapa.
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Lolest!		#3 Posted : Friday, September 07, 2012 7:56:04 PM
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma		It would be a cause of concern if they had reduced revenues due to poor strategy. Hedging? Thats excusable
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murchr		#4 Posted : Friday, September 07, 2012 8:03:01 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Lolest! wrote: It would be a cause of concern if they had reduced revenues due to poor strategy. Hedging? Thats excusable Hedging is also a financial strategy "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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VituVingiSana		#5 Posted : Friday, September 07, 2012 9:55:53 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		Gulp! The good news... Puma is still in the game! I had expected breakeven (zero profit) to a modest loss. This has thrown me off. As Warren Buffett says, derivatives are weapons of mass destruction. The only beneficiaries are the banks. I wonder who KK hedged with? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#6 Posted : Saturday, September 08, 2012 4:11:42 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Lolest! wrote: It would be a cause of concern if they had reduced revenues due to poor strategy. Hedging? Thats excusable Most companies would be better off without trying to hedge and just embrace the currency risk! Whichever way you look at it a huge amount of shareholder wealth has been scraped off the books of KK due to hedging experiments! Puma can even offer below 15bob now!! Mark 12:29 Deuteronomy 4:16
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gatoho		#7 Posted : Saturday, September 08, 2012 4:26:37 AM
Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a		There goes my retirement... Foresight..
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xxxxx		#8 Posted : Saturday, September 08, 2012 8:15:00 AM
Rank: Member Joined: 3/20/2008 Posts: 503		guru267 wrote: Lolest! wrote: It would be a cause of concern if they had reduced revenues due to poor strategy. Hedging? Thats excusable Most companies would be better off without trying to hedge and just embrace the currency risk! Whichever way you look at it a huge amount of shareholder wealth has been scraped off the books of KK due to hedging experiments! Puma can even offer below 15bob now!! Well, isn't that the fair value anyway???
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mlennyma		#9 Posted : Saturday, September 08, 2012 8:56:21 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		I now have a rough idea of how companies collapse. "Don't let the fear of losing be greater than the excitement of winning."
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mlennyma		#10 Posted : Saturday, September 08, 2012 9:03:15 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		It can be very bad if afew guys team up to create some figures so as to throw out panic and buy cheap. "Don't let the fear of losing be greater than the excitement of winning."
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