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KenolKobil FY 2012 substrata loss of 9b!
SittingPretty
#11 Posted : Monday, April 08, 2013 9:31:34 PM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
Size presents various opportunities, being able to hedge, consistent suppliers and with it woes of contractual obligations! This would make a great case study for someones thesis. It was clear KK was going to make a loss, but this big a loss!!!! I pitty holders of this stock.... wonder what informed those who have been buying the counter of late!Pray Pray

Greater fool theory!
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
S.Mutaga III
#12 Posted : Monday, April 08, 2013 9:42:40 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
I thought the loss would not be replicated in h2...this thing is worthless now...I wouldnt buy it even at 7 bob...shows carelessness and irresponsibility of management. How do you replicate a hedging loss? #disappointed shareholder#
A successful man is not he who gets the best, it is he who makes the best from what he gets.
mwekez@ji
#13 Posted : Monday, April 08, 2013 9:55:43 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
With trailing EPS in the negative (and especially the H2 EPS), and the future looking blur, and the BS looking weak even when you factor that the PPE are historically valued, KK share price should bleed
guru267
#14 Posted : Monday, April 08, 2013 10:10:07 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
S.Mutaga III wrote:
How do you replicate a hedging loss? #disappointed shareholder#


Unfortunately it goes down to WAY more than just hedging losses with Kenyan oil marketers!

Whoever was parading that H2 2012 would be better than H1 simply doesn't understand the true nature of an oil marketer in Kenya!
Mark 12:29
Deuteronomy 4:16
the deal
#15 Posted : Monday, April 08, 2013 10:15:14 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Guru KK will make you eat humble pie in the nxt 6 month...watch this space. Me I'm ready...I have been saving for this....
the deal
#16 Posted : Monday, April 08, 2013 10:16:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Guru KK will make you eat humble pie in the nxt 6 month...watch this space. Me I'm ready...I have been saving for this....
guru267
#17 Posted : Monday, April 08, 2013 10:22:43 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I have always said that Low profit margin stocks will do nothing for any investor in the long term!
With such companies any dip in revenue causes COLOSSAL losses Sad

When it comes to investment decisions 'Margins' are just as important to buffet as 'management'


KK is no exception to this rule.. So even if some may make money speculating in the short term it only takes 2 more losses like this before we start talking about insolvency for KK!
Mark 12:29
Deuteronomy 4:16
murchr
#18 Posted : Tuesday, April 09, 2013 3:25:03 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ha Ha....Segman decided to drop the bomb...good, again he does it on a day before a holiday, brilliant those who were planning to panic sell will have an opportunity to think
"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
.
hisah
#19 Posted : Tuesday, April 09, 2013 8:14:35 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Finally the ulcers results are out. That massive shakeout i was waiting for here comes.

The hydrocarbon disconnect is a dream come true smile

This will be awesome fear to buy into...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
dunkang
#20 Posted : Tuesday, April 09, 2013 8:48:03 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Total (K) management must be the BEST in Kenya. How did they manage a profit compared to KK?
Receive with simplicity everything that happens to you.” ― Rashi

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