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Total Kenya FY12 loss widens to KES 202.1M courtesy of Triton Saga
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h2s
#11 Posted : Saturday, June 15, 2013 9:55:50 PM
Rank: Member

Joined: 7/20/2012
Posts: 141
Jamani wrote:
Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
2. They have issues with ERC and have sued them
3. Profits were eaten by payments related to a triton case
4. Business is promising and the outlook is good
5. Rebranding of stations has started
6. Preferential shares to be redeemed soonest
Among others.....

Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks.
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VituVingiSana
#12 Posted : Saturday, June 15, 2013 10:08:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
youcan'tstopusnow wrote:
Jamani wrote:
Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.

Haha. They even had time to take a stab at KK?;-)
Kwanza, watoe the log in their eyes! LOL... If you look at the conversion of debt to Preference Shares has saved Total (K) profits from collapsing under huge finance costs.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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dunkang
#13 Posted : Saturday, June 15, 2013 10:08:46 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
youcan'tstopusnow wrote:
Jamani wrote:
Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.

Haha. They even had time to take a stab at KK?;-)

And thats the truth, the only truth and nothing but the truth.

Its time Sengeman learn KK is a petroleum products selling company and not a 'Pata Potea' hedging casino.
Receive with simplicity everything that happens to you.” ― Rashi

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dunkang
#14 Posted : Saturday, June 15, 2013 10:14:31 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
h2s wrote:
Jamani wrote:

6. Preferential shares to be redeemed soonest
Among others.....

Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks.

To me, its best. Instead of borrowing expensively, Total Outre Mer 'loaned' Total (K). Have you heard/read the figures been mentioned at KK? 30Billion loans!
Receive with simplicity everything that happens to you.” ― Rashi

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h2s
#15 Posted : Saturday, June 15, 2013 10:42:37 PM
Rank: Member

Joined: 7/20/2012
Posts: 141
dunkang wrote:
h2s wrote:
Jamani wrote:

6. Preferential shares to be redeemed soonest
Among others.....

Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks.

To me, its best. Instead of borrowing expensively, Total Outre Mer 'loaned' Total (K). Have you heard/read the figures been mentioned at KK? 30Billion loans!

If priority is on redeeming does this mean reduced earnings and dividends?
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VituVingiSana
#16 Posted : Saturday, June 15, 2013 11:42:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
h2s wrote:
dunkang wrote:
h2s wrote:
Jamani wrote:

6. Preferential shares to be redeemed soonest
Among others.....

Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks.

To me, its best. Instead of borrowing expensively, Total Outre Mer 'loaned' Total (K). Have you heard/read the figures been mentioned at KK? 30Billion loans!

If priority is on redeeming does this mean reduced earnings and dividends?
Well, Total Outre-Mer provides 'cheap' financing so if the Preference Shares are reduced/redeemed:
1) Increase in financing costs
2) Reduction in PBT/PAT see 1 above
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jamani
#17 Posted : Sunday, June 16, 2013 10:25:30 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
h2s wrote:
Jamani wrote:
Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
2. They have issues with ERC and have sued them
3. Profits were eaten by payments related to a triton case
4. Business is promising and the outlook is good
5. Rebranding of stations has started
6. Preferential shares to be redeemed soonest
Among others.....

Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks.


http://www.encyclo.co.uk...fine/redeemable%20shares
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Jamani
#18 Posted : Sunday, June 16, 2013 11:01:38 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
youcan'tstopusnow wrote:
Jamani wrote:
Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.

Haha. They even had time to take a stab at KK?;-)


Yes indeed, you can imagine the look on my face when he said that..... I own both and heavily in KK.
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VituVingiSana
#19 Posted : Sunday, June 16, 2013 8:26:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Jamani wrote:
youcan'tstopusnow wrote:
Jamani wrote:
Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.

Haha. They even had time to take a stab at KK?;-)


Yes indeed, you can imagine the look on my face when he said that..... I own both and heavily in KK.
Laughing out loudly Laughing out loudly Laughing out loudly They only gamble with folks like Triton & Glencore Liar Liar Liar
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#20 Posted : Sunday, June 16, 2013 8:44:32 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
Jamani wrote:
youcan'tstopusnow wrote:
Jamani wrote:
Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.

Haha. They even had time to take a stab at KK?;-)


Yes indeed, you can imagine the look on my face when he said that..... I own both and heavily in KK.
Laughing out loudly Laughing out loudly Laughing out loudly They only gamble with folks like Triton & Glencore Liar Liar Liar


Shame on you Shame on you Shame on you @VVS, that was business turned sour. Not gambling
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