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KenolKobil 1H13 swings into profit after tax of 147M
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! All of it is from core business (100%)!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:dunkang wrote:cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! All of it is from core business (100%)! And the decline in revenue was deliberate to achieve improved gross margins. It worked well.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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mwekez@ji wrote:dunkang wrote:cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! All of it is from core business (100%)! Didn't they sell properties? Ama that money is not yet in! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:mwekez@ji wrote:dunkang wrote:cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! All of it is from core business (100%)! Didn't they sell properties? Ama that money is not yet in! There is no indication from Income Statement, Balance Sheet, Cashflow Statement and Management Commentary that they sold any of the idle assets in 1H13.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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earthvoice wrote:the deal wrote:A good investor...should be asking why am I planning to exit? @deal, why are you planning to exit??? Well the oil biz is tricky especially in a price control enviro...this year things can be good...the following year things can be bad...if you get the price of your inventories wrong...then you are in trouble...ERC will not care...getting the price of your inventories right can be tricky...since oil prices are influenced by many factors...I now understand the biz better...so I think me exiting or reducing my exposure is the best thing...let me break even then I offload.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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BUY - A Year of Recovery via @GenghisCapital
BUY – Improving margins via @OldMutual
BUY - via @StandardInvestmentBank
BUY - via @KestrelCapital
BUY – via @ManyWazuans
SELL – via @the deal
…. the choice is all yours. all the very best
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:BUY - A Year of Recovery via @GenghisCapital
BUY – Improving margins via @OldMutual
BUY - via @StandardInvestmentBank
BUY - via @KestrelCapital
BUY – via @ManyWazuans
SELL – via @the deal
…. the choice is all yours. all the very best 
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Rank: Member Joined: 2/8/2007 Posts: 808
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The only thing that will stop them from issuing a divy is because they need to reorganize their working capital to have much more equity than debt because of their high churn and high rates which makes the debt yield equity like returns. By halving the debt facility using land that is sitting in the balance sheet at cost, shareholders could easily gain between 500 - 1billion in addtional earnings from savings in finance costs.
I see KK with a very stellar set of results in 2013 and very handsome dividends paid in 2014 onwards.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:BUY - A Year of Recovery via @GenghisCapital
BUY – Improving margins via @OldMutual
BUY - via @StandardInvestmentBank
BUY - via @KestrelCapital
BUY – via @ManyWazuans
SELL – via @the deal
…. the choice is all yours. all the very best CAUTION - via @hisah
This thing is still in dead water... FX games like KQ.
And worse many houses issuing the buy slogan...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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KenolKobil 1H13 swings into profit after tax of 147M
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