wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

26 Pages«<1516171819>»
Kenol Kobil deal off!
VituVingiSana
#161 Posted : Sunday, July 14, 2013 5:24:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
mwekez@ji wrote:
Kausha wrote:
I think information assymetry in this market is a shocker really. It's only one bigger seller selling and has nothing to do with wanting out because of performance. I will save all of you this headache. Certain hotels are being sold in Nairobi, Mombasa right...and certain buyers have put up their hands!


Are those hotel owners desperate selling at dirt low prices?
The shares (being sold) in the hotel belong to GoK. The buyers are connected. So GoK selling to connected folks on the cheap. Nothing new.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#162 Posted : Sunday, July 14, 2013 5:27:45 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Kausha wrote:
I think information assymetry in this market is a shocker really. It's only one bigger seller selling and has nothing to do with wanting out because of performance. I will save all of you this headache. Certain hotels are being sold in Nairobi, Mombasa right...and certain buyers have put up their hands!
Hmmm, I did not think of that. So the seller/s is/are the same chaps, eh?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#163 Posted : Sunday, July 14, 2013 5:30:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
mwekez@ji wrote:
Kausha wrote:
For those who were at the kenol CP forum yesterday, you got an assurance from the Group CEO - Ohana that they will be profitable this year certainly.

On the article, it appears it's the work of the enemies. The OTS matters is before the ERC and will be resolved very shortly.

Although my selfish reason would be for the OTS matter not to be resolved. It just allows Kenol to import their fuel efficiently and bypass the KPC ullage and KPRL, saving the extra chums spent at KPRL for no value add.


Indeed it is your selfish call for the OTS matter not be resolved. We know KK cannot import fuel directly because of storage and working capital constraints. They are desperating hawking the KES 1.7B commercial paper and selling "idle assets" to finance working capital. The optimism painted by Ohana at CP forum yesterday is to lure you to give him the KES 1.7B
Alright... they are working to sort out the situation. And they seem positive about 2H. Also the case vs KPRL will 'restart' in 3Q 2013 [election petitions delays]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#164 Posted : Sunday, July 14, 2013 5:31:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
dunkang wrote:
King G wrote:
dunkang wrote:
someone is trying to bring KK down! The media obsession with this stock is now suspiscious(sp)!


smile

Every day they are planting a NEGATIVE story on KK

Everyday there is a NEW, BADLY RESEARCHED story.

This people want to finish @VVS
LMAO... I will survive Pray Pray Pray
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
MoneyMonger
#165 Posted : Sunday, July 14, 2013 11:15:03 AM
Rank: Member

Joined: 4/25/2012
Posts: 110
VituVingiSana wrote:
dunkang wrote:
King G wrote:
dunkang wrote:
someone is trying to bring KK down! The media obsession with this stock is now suspiscious(sp)!


smile

Every day they are planting a NEGATIVE story on KK

Everyday there is a NEW, BADLY RESEARCHED story.

This people want to finish @VVS
LMAO... I will survive Pray Pray Pray


I pray for you too
Laughing out loudly Laughing out loudly Pray Pray
There is nothing as dangerous as an Idea, when there is only one Idea
FUNKY
#166 Posted : Monday, July 15, 2013 9:06:42 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
VituVingiSana
#167 Posted : Monday, July 15, 2013 12:34:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
guru267 wrote:
maina20 wrote:
hisah wrote:
mwekez@ji wrote:
KenolKobil suffers credit rate downgrade http://www.businessdailyafrica....4/-/ic8fj1z/-/index.html

I am reminded of one oil stock called BP back in April 2010 after the gulf oil spill. The negative news deluge caused a massive shakeout. KK is experiencing a similar setup. If H1 results come in badly, more will get spooked. Looking forward to that period. The fear gauge is getting overloaded...


Expect a positive half year results.....u can take this to the bank...


@maina you are probably in for a rude shock!! Sorry in advance...
1H break-even coz KK has complained about the financing costs. 2H profitable with lower debts/loans and lower interest rates.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#168 Posted : Monday, July 15, 2013 12:36:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
winston wrote:
Kausha wrote:
For those who were at the kenol CP forum yesterday, you got an assurance from the Group CEO - Ohana that they will be profitable this year certainly.

On the article, it appears it's the work of the enemies. The OTS matters is before the ERC and will be resolved very shortly.

Although my selfish reason would be for the OTS matter not to be resolved. It just allows Kenol to import their fuel efficiently and bypass the KPC ullage and KPRL, saving the extra chums spent at KPRL for no value add.



Be as that might be...even if KK bypasses KPC & KPRL, the volumes so bypassed cannot be significant to increase their profitability since they dont have independent tanks large enough at the ship offloading point. They will still need KPC to store and pump the fuel. Trucking the fuel inland is not very economical expecially in this era of regulated pump prices.
The issue at the moment is not with KPC but KPRL. KPC cannot deny KK access to the storage tanks as it stands.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Kausha
#169 Posted : Monday, July 15, 2013 1:20:59 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Point is if Kenol Kobil didn't have fuel you would be feeling the heat at the pump price. The last time dear old Nyoike tried getting them of their KPC and Ullage, mwananchi had to pay 10 bob premium for fuel. They simply paid total and oil libya 85 bob for 80 bob diesel and repriced the same to 90 bob resulting in every OMC repricing to 90 bob. We all know how that ended. Look Kenol controls the network outside nairobi by a huge difference. You can't wish them away. The media reports are smear campaigns and sometimes you can't rule out Kenol itself airing them out. Specifically the KPRL issues to get government attention I suspect. a substantial amount of fuel is trucked. KPC infrastructure is very limited. Kenol also has no destructive squables with KPC at the moment and can pump fuel as and when.

For every litre KK bypasses they save 10 shillings in refining fees. So provided they can maintain volumes at their stations frankly speaking to shareholders they can continue shadow boxing KPRL. KPC is already shipping KK's fuel to inland depots.
VituVingiSana
#170 Posted : Monday, July 15, 2013 1:29:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
KK can also use 'transport' as a storage mechanism. If you start shipping out fuel from your depots, then your depots [storage tanks] can be filled up with 'incoming' fuel. As is the only fuel KK doesn't have access to is from KPRL. It costs KK a few KShs to get it from OTS via other firms e.g. the smaller firms or briefcase dealers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
26 Pages«<1516171819>»
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.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.