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KenolKobil FY 2012 substrata loss of 9b!
Rank: Member Joined: 2/8/2007 Posts: 808
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@VVS obviously it's not Safaricom, but certainly that company will require a bailout. Could be time to revisit the judgement on a certain court case revolving around fund raising don't you think? I wonder what the legal fraternity with think of this judgement if revisited considering the speed at which chickens have come home to roost! I also hope no one will claim force majeure!
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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erifloss wrote:
#1799 Posted : Saturday, May 28, 2011 4:52:27 PM
@vvs, all i'm trying to show is that all the hype around KK as this future gem as it stands right now is wrong.
1. Instead of being noisemakers, they should at least concentrate on lobbying for new legislature BAT or EABL style so as to get what they want.
2. Instead of being a one man show and thus being deprived of new ground breaking ideas, they should separate the responsibilities of the BOD from that of the Management by first having a non executive chairman & maybe reconstitute its management.
3. Instead of only divesting by opening retail business in different countries, they should also look into other lines of the oil business.
4. Globally, the business of oil is highly politicised as we globally are an oil driven economy & thus as an OMC you should always know the best way of dealing with the current politik.
5. Being only 2 listed OMCs, an illusion of comfort is always created by KK coz of its liquidity within the NSE & thus its price fluctuations when as per the last market survey the largest retailer in Kenya(largest oil market in EA) was Total though this doesn't mean that Total is better.
6. I know i'll be reminded of their profitability & growth but my query is do you see them sustaining this growth?
The reality is if KK never changes its way of doing biz, i see it as the biggest loser on UG's oil and thus not as a long term prospect.
I remember when i said this back in 2011 it was referred to as information overload 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The low @9.05 will be revisited when this bounce period is finalized. Supply has not yet been effectively tested... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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This share is just supported by the market bullish sentiments,because most counters seem too high to enter especially if you saw last years down to earth entry points..there is alot of money looking for a place to settle. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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erifloss wrote:erifloss wrote:
#1799 Posted : Saturday, May 28, 2011 4:52:27 PM
@vvs, all i'm trying to show is that all the hype around KK as this future gem as it stands right now is wrong.
1. Instead of being noisemakers, they should at least concentrate on lobbying for new legislature BAT or EABL style so as to get what they want.
2. Instead of being a one man show and thus being deprived of new ground breaking ideas, they should separate the responsibilities of the BOD from that of the Management by first having a non executive chairman & maybe reconstitute its management.
3. Instead of only divesting by opening retail business in different countries, they should also look into other lines of the oil business.
4. Globally, the business of oil is highly politicised as we globally are an oil driven economy & thus as an OMC you should always know the best way of dealing with the current politik.
5. Being only 2 listed OMCs, an illusion of comfort is always created by KK coz of its liquidity within the NSE & thus its price fluctuations when as per the last market survey the largest retailer in Kenya(largest oil market in EA) was Total though this doesn't mean that Total is better.
6. I know i'll be reminded of their profitability & growth but my query is do you see them sustaining this growth?
The reality is if KK never changes its way of doing biz, i see it as the biggest loser on UG's oil and thus not as a long term prospect.
I remember when i said this back in 2011 it was referred to as information overload And you were right ;-) 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: 18,129 Location: Nairobi
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Read this re: George Wachira http://www.nation.co.ke/...24/-/u1bs0i/-/index.htmlGreedy 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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Is Devani still a wanted man? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Hii bull haina mchezo @Mwekez@ji, who's buying? "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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Rank: Member Joined: 4/25/2012 Posts: 110
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mlennyma wrote:This share is just supported by the market bullish sentiments,because most counters seem too high to enter especially if you saw last years down to earth entry points..there is alot of money looking for a place to settle. I feel the same too. There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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VituVingiSana wrote:erifloss wrote:erifloss wrote:
#1799 Posted : Saturday, May 28, 2011 4:52:27 PM
@vvs, all i'm trying to show is that all the hype around KK as this future gem as it stands right now is wrong.
1. Instead of being noisemakers, they should at least concentrate on lobbying for new legislature BAT or EABL style so as to get what they want.
2. Instead of being a one man show and thus being deprived of new ground breaking ideas, they should separate the responsibilities of the BOD from that of the Management by first having a non executive chairman & maybe reconstitute its management.
3. Instead of only divesting by opening retail business in different countries, they should also look into other lines of the oil business.
4. Globally, the business of oil is highly politicised as we globally are an oil driven economy & thus as an OMC you should always know the best way of dealing with the current politik.
5. Being only 2 listed OMCs, an illusion of comfort is always created by KK coz of its liquidity within the NSE & thus its price fluctuations when as per the last market survey the largest retailer in Kenya(largest oil market in EA) was Total though this doesn't mean that Total is better.
6. I know i'll be reminded of their profitability & growth but my query is do you see them sustaining this growth?
The reality is if KK never changes its way of doing biz, i see it as the biggest loser on UG's oil and thus not as a long term prospect.
I remember when i said this back in 2011 it was referred to as information overload And you were right ;-) On mark brother! Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The market is smelling a strong turnaround...
"The Group has noted in Q1 2013 a drop of about 35% in overall monthly running costs"-Kenol Kobil FY 12 results.
The stock will be at 15 bob soon while some disillusioned Wazuans will be waiting for 5 bob...wet dreams I say!!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:Hii bull haina mchezo @Mwekez@ji, who's buying? Locals are both in the buying and selling side of this counter. The number and volume of the deals indicate local retailers. Since release of the FYR, foreigners have stayed out
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#HighRiskReturnCounter. If the turnaround works out, the counter is good to go and this may be sweetened by a takeover/strategic investor deal. If the counter gets another hit from forex management, inventory management or trading desk, equity will be wiped out and a bailout call will be unavoidable. Currently, a bailout call has been averted by the assets they will be selling. ... Given the conservative nature of our banks, in the current scenario, they must be happy that KK plans to clear their loans
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I'm bullish on the management. I believe they will turn a profit this year and into the future. The company may find a buyer in the near future. However nothing can explain the share trading at these lofty valuations at the moment.downside risk too high at this valuation. 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: 18,129 Location: Nairobi
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Aguytrying wrote:I'm bullish on the management. I believe they will turn a profit this year and into the future. The company may find a buyer in the near future. However nothing can explain the share trading at these lofty valuations at the moment.downside risk too high at this valuation. I would like it to fall further but the 1H loss was a KNOWN so the only UNKNOWN was the 2H loss. I am disappointed it did not fall further to 8-ish levels. I will wait but I am going in further. As you say... another buyer will come along. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Maybe it is not falling because we are in a bull market currently!!
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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This company must clean its records in courts,and prepare itself for non contested take over in future,in the meantime iam not a buyer. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@mlennyma ametumwa...kikiki!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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After Kk rallied the last 2 days I was waiting to see if it will continue today. I decided to call the bluff of the buyers, so see how far they want to take it. not to my surprise the supply has increased at 10.50. with rally now on hold. The investor's chief problem - and even his worst enemy - is likely to be himself
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