wazua Fri, Mar 27, 2026
Welcome Guest Search | Active Topics | Log In

259 Pages«<196197198199200>»
KENOL KOBIL .... 2012
Options
Previous Topic · Next Topic
guru267
#1971 Posted : Tuesday, September 11, 2012 11:25:26 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
The floor is 13 today.


You may have spoken too soon... I hear some serious supply is coming in towards the end of the day!
Mark 12:29
Deuteronomy 4:16
Back to top
  |
VituVingiSana
#1972 Posted : Tuesday, September 11, 2012 11:31:07 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
The floor is 13 today.


You may have spoken too soon... I hear some serious supply is coming in towards the end of the day!
Good ;-) I am happy to sell something else to get more at 12 Drool Drool Drool I am in for a penny, in for a pound Pray Pray Pray
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
guru267
#1973 Posted : Tuesday, September 11, 2012 11:38:55 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:
Am sure you also know it makes no sence to calculate book value on a company whose assets in the balance sheet are significantly understated due to the use of historical valuation. Watch KK value after revaluation!


I thought from 2011 onwards KK would use revaluation rather than historical valuation basis!

They released a statement on this!
Mark 12:29
Deuteronomy 4:16
Back to top
  |
VituVingiSana
#1974 Posted : Tuesday, September 11, 2012 11:49:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
guru267 wrote:
mwekez@ji wrote:
Am sure you also know it makes no sence to calculate book value on a company whose assets in the balance sheet are significantly understated due to the use of historical valuation. Watch KK value after revaluation!

I thought from 2011 onwards KK would use revaluation rather than historical valuation basis!
They released a statement on this!
I do not recall this. Please guide me to that section in the Annual Report or link or press release. To the best of my knowledge most of the properties/land is shown at historical cost. KK cannot sell off all its land since it would cripple the fuel business but there are some pieces (e.g. underperforming stations or crazy prices offered) they should sell off.

2 items:

1) The peaceful change of power in Ethiopia with an expected move towards less socialism/communism will boost the value of the land in Addis.
2) The KPC case is ongoing. KK has little to lose but could book a gain of KES 2-4bn PBT. I am sure NB & co have factored this in for the Puma negotiations!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
King G
#1975 Posted : Tuesday, September 11, 2012 12:14:46 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Based on the Friday results, i think KK is holding on strong and might just settle at 12.50 bob and start gaining momentum back to 15 bob (speculator's view).
Thieves
Back to top
  |
mlennyma
#1976 Posted : Tuesday, September 11, 2012 12:38:55 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
A stock trading more than 1m shares daily for 2weeks now cannot be under estimated.
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
VituVingiSana
#1977 Posted : Tuesday, September 11, 2012 2:52:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
KK refuses to back down below 13 despite the large numbers that @guru says are coming up for sale. I see a slow creep back up to 14. Net buying by locals. This shows the strength. If & when foreigners come in the demand will jump.

KK should release 3Q 2012 in late Oct 2012 results just to show it is back on track!

BIDS 604,100
Quantity Price Splits Time
243,500 13.15 5 14:52:21
12,000 13.10 2 14:52:21
118,600 13.00 12 14:52:21
10,000 12.90 1 14:52:21
23,100 12.85 4 14:52:21
ASKS 364,000
Quantity Price Splits Time
89,200 13.40 1 14:52:21
86,200 13.45 2 14:52:21
110,400 13.50 2 14:52:21
10,000 13.75 1 14:52:21
2,500 13.90 1 14:52:21
TRADES
Quantity Price Time
20,000 13.15 14:35:14
63,600 13.15 14:33:53
36,300 13.15 14:33:47
100 13.15 14:33:47
29,000 13.15 14:33:25
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Tuesday, September 11, 2012 2:54 PM | Reason: Not specified
mwekez@ji
#1978 Posted : Tuesday, September 11, 2012 2:52:20 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
guru267 wrote:
mwekez@ji wrote:
Am sure you also know it makes no sence to calculate book value on a company whose assets in the balance sheet are significantly understated due to the use of historical valuation. Watch KK value after revaluation!

I thought from 2011 onwards KK would use revaluation rather than historical valuation basis!
They released a statement on this!
I do not recall this. Please guide me to that section in the Annual Report or link or press release. To the best of my knowledge most of the properties/land is shown at historical cost. KK cannot sell off all its land since it would cripple the fuel business but there are some pieces (e.g. underperforming stations or crazy prices offered) they should sell off.

2 items:

1) The peaceful change of power in Ethiopia with an expected move towards less socialism/communism will boost the value of the land in Addis.
2) The KPC case is ongoing. KK has little to lose but could book a gain of KES 2-4bn PBT. I am sure NB & co have factored this in for the Puma negotiations!


@guru, FY 2011 and even the recent H1 2012 asset numbers are based on historical valuation. Highly undervalued assets there!
Back to top
  |
hisah
#1979 Posted : Tuesday, September 11, 2012 3:20:44 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Day 2 - 3.37M shares traded. Foreigners - net sellers i.e. 10.12M vs 5.2M foreign bidders. From the charts, downside objective is 12.50/- from where the parabolic started and the day low today hit that target.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
earthvoice
#1980 Posted : Tuesday, September 11, 2012 3:24:55 PM
Rank: Member

Joined: 1/29/2011
Posts: 257
KenolKobil Update on Cautionary Statement 11.9.2012.pdf

"... Notwithstanding the expected interim loss experienced by the Company, negotiations with Puma Energy continue to progress well, in line with expectations."

"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
Back to top
  |
259 Pages«<196197198199200>»
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.