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KenolKobil 1H13 swings into profit after tax of 147M

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Jamani		#21 Posted : Friday, August 23, 2013 7:10:43 AM
Rank: Elder Joined: 9/12/2006 Posts: 1,554		Cde Monomotapa wrote: the deal wrote: VituVingiSana wrote: the deal wrote: Below expectations....it looks like a long road to full recovery.... What expectations? I was expecting a modest loss to breakeven at best for the PAT for 1H. A profit is a huge improvement. Why expect a loss? I was expecting a profit...a loss could have been terrible...still that ka profit is nothing to be proud about....think about it! Lets see what happens to the share price...considering an exit here.... To get out a hole, you must climb out a hole. Thus, climbing out a 4B hole to 140M above surface should be reasonably appealing. I agree, it's reasonably appealing.
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mwekez@ji		#22 Posted : Friday, August 23, 2013 8:41:10 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Jamani wrote: Cde Monomotapa wrote: the deal wrote: VituVingiSana wrote: the deal wrote: Below expectations....it looks like a long road to full recovery.... What expectations? I was expecting a modest loss to breakeven at best for the PAT for 1H. A profit is a huge improvement. Why expect a loss? I was expecting a profit...a loss could have been terrible...still that ka profit is nothing to be proud about....think about it! Lets see what happens to the share price...considering an exit here.... To get out a hole, you must climb out a hole. Thus, climbing out a 4B hole to 140M above surface should be reasonably appealing. I agree, it's reasonably appealing. Above Expectations >Gross profit is up 28% to KES 2.3B. Now to work on expenses >Operations generated good cashflow, KES 2.8B
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the deal		#23 Posted : Friday, August 23, 2013 9:19:41 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		A good investor...should be asking why am I planning to exit?
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VituVingiSana		#24 Posted : Friday, August 23, 2013 9:46:46 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		Sale of non-core assets, reduction of inventory, reduction/repayment of debt should reduce finance costs in 2H... And a settlement with KPRL & probably KPC should gussy it up for sale in 2014... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Cde Monomotapa		#25 Posted : Friday, August 23, 2013 10:29:36 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		VituVingiSana wrote: Sale of non-core assets, reduction of inventory, reduction/repayment of debt should reduce finance costs in 2H... And a settlement with KPRL & probably KPC should gussy it up for sale in 2014... Re-admission to OTS and the proposed compensation of yield-losses.
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mkeiyd		#26 Posted : Friday, August 23, 2013 10:52:04 AM
Rank: Veteran Joined: 3/26/2012 Posts: 1,182		By every sense of the words, above expectations. If EABL's PAT is down 37%,StanChart down and a myriad of companies are doing less than 6%,with all that KK has been through,these are good results. If oil marketers get to be compensated by kprl,that will be a bonus. I'm staying put.
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MoneyMonger		#27 Posted : Friday, August 23, 2013 10:53:12 AM
Rank: Member Joined: 4/25/2012 Posts: 110		Aguytrying wrote: wow. I'm impressed, I didn't expect a profit. those asking for a dividend....shame on you, company is barely back to its feet and u want to milk it dry. can't bd use another pic for kk stories When I buy a company's shares I expect the management to act the way I would act in case I was in at the helm of decision making and I owned all the shares. I this case I would take all the profits back to the business. So, those calling for dividends please stay calm. There is nothing as dangerous as an Idea, when there is only one Idea
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dunkang		#28 Posted : Friday, August 23, 2013 11:03:40 AM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		cnn wrote: Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! Receive with simplicity everything that happens to you.” ― Rashi
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VituVingiSana		#29 Posted : Friday, August 23, 2013 11:09:07 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		Cde Monomotapa wrote: VituVingiSana wrote: Sale of non-core assets, reduction of inventory, reduction/repayment of debt should reduce finance costs in 2H... And a settlement with KPRL & probably KPC should gussy it up for sale in 2014... Re-admission to OTS and the proposed compensation of yield-losses. Hidden Gem that one Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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earthvoice		#30 Posted : Friday, August 23, 2013 11:20:36 AM
Rank: Member Joined: 1/29/2011 Posts: 257		the deal wrote: A good investor...should be asking why am I planning to exit? @deal, why are you planning to exit??? "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.
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