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KENOL-KOBIL 2014
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VituVingiSana
#41 Posted : Monday, February 24, 2014 10:02:43 AM
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Location: Nairobi
jawgey wrote:
VituVingiSana wrote:
Price controls in KE, Ethiopia,TZ & RW. Only in KE & RW is KK a major player. In TZ, it's 6% and UG is a tough market because of smuggled [non-taxed] fuel imports.

No idea about Zambia but KK is a small player while Puma [yes, that Puma] is strong.

KK owns significant assets in all the countries but will it sell them? In KE, there are attempts to sell off non-core or non-performing assets including some stations where land prices have jumped. Along Muranga Road [in Pangani] is a closed station [after the expanded road took away the 'entrance'] which is probably worth more in terms of land than the 'profit' it used to generate.


What will happen if they liquidate the non-core assets? Will they venture in other avenues since opening up more stations is not an option.. Or they just want to set-off loans and add cashflow?
You said it. Pay down debts. Lower interest payments. Increase trading activities.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#42 Posted : Wednesday, March 05, 2014 7:17:37 PM
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mwekez@ji
#43 Posted : Wednesday, March 05, 2014 7:24:33 PM
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Seem a breakdown of Kes. 8 awaited by many is not coming ...

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VituVingiSana
#44 Posted : Wednesday, March 05, 2014 7:28:56 PM
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KK remains a Takeover Play. It's a question of price.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#45 Posted : Wednesday, March 05, 2014 7:35:05 PM
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VituVingiSana wrote:
KK remains a Takeover Play. It's a question of price.


They should serve nice results to attract suitor. Especially H/Fy 2014 results!
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VituVingiSana
#46 Posted : Wednesday, March 05, 2014 7:37:25 PM
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mwekez@ji wrote:
VituVingiSana wrote:
KK remains a Takeover Play. It's a question of price.


They should serve nice results to attract suitor. Especially H/Fy 2014 results!
More important is to clean up their books. Get all the hedges off so there are no more hits. And then sell off excess properties that a Buyer does not want. The results will show up after the clean-up and cash inflows.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#47 Posted : Wednesday, March 05, 2014 7:46:34 PM
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VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:
KK remains a Takeover Play. It's a question of price.

They should serve nice results to attract suitor. Especially H/Fy 2014 results!
More important is to clean up their books. Get all the hedges off so there are no more hits. And then sell off excess properties that a Buyer does not want. The results will show up after the clean-up and cash inflows.

I trust this can happen in 2014. This is one counter i would want to see growing my money this year
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mkeiy
#48 Posted : Thursday, March 06, 2014 6:13:59 AM
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mwekez@ji wrote:



Are these stations new establishments or existing ones changing hands?

Ohana seems to be busy at work,i hope that will reflect on their books and of importance,the share price.
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mlennyma
#49 Posted : Thursday, March 06, 2014 7:14:15 AM
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or they have difficulties running old stations?
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#50 Posted : Thursday, March 06, 2014 8:01:54 AM
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These could be Company-run stations being offered to Dealers. Or change in dealership.

- A dealer may have grown his other businesses & ignores [or doesn't pay the same attention] to the Fuel Station
- Retirement. Even a good dealer grows old.
- Company Run. Cheaper for KK to lease it out since the payroll & losses are shouldered by KK.
- A dealer who is not up to the task needs to be replaced
- Some dealers are short of cash [working capital] so they have stock-outs when they run out of fuel
- Mismanagement
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#51 Posted : Friday, March 14, 2014 10:38:37 AM
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What are the prospects here again? Cc. @vvs Can we pull a MSC here in your opinion?
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VituVingiSana
#52 Posted : Friday, March 14, 2014 11:07:32 AM
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Cde Monomotapa wrote:
What are the prospects here again? Cc. @vvs Can we pull a MSC here in your opinion?
I am worried. I don't know if the current management esp CEO is doing what he should do. Have you been to the stations?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mkeiy
#53 Posted : Friday, March 14, 2014 11:18:24 AM
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VituVingiSana wrote:
Cde Monomotapa wrote:
What are the prospects here again? Cc. @vvs Can we pull a MSC here in your opinion?
I am worried. I don't know if the current management esp CEO is doing what he should do. Have you been to the stations?


I have been to two and they seemed ok to me, what have you observed?
About the Ceo, i think he doesn't like too much hype/limelight,unlike Segman who would be issuing press releases & announcements every now and then.
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VituVingiSana
#54 Posted : Friday, March 14, 2014 11:56:36 AM
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mkeiy wrote:
VituVingiSana wrote:
Cde Monomotapa wrote:
What are the prospects here again? Cc. @vvs Can we pull a MSC here in your opinion?
I am worried. I don't know if the current management esp CEO is doing what he should do. Have you been to the stations?


I have been to two and they seemed ok to me, what have you observed?
About the Ceo, i think he doesn't like too much hype/limelight,unlike Segman who would be issuing press releases & announcements every now and then.
Dirty. K-Card problems. Compare to Total stations.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Realtreaty
#55 Posted : Friday, March 14, 2014 5:23:02 PM
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This will be the surprise stock. When that time comes those holding baby may laugh with 22 shillings in their banks per share.
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georgegop
#56 Posted : Friday, March 14, 2014 8:42:07 PM
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Location: Migingo
We hope that laughter will be sooner rather than later baby!
Don't Work for Money, Let Money Work for You..
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RearView
#57 Posted : Sunday, March 16, 2014 9:28:44 AM
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Joined: 3/16/2014
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Location: Kisumu
When are the Full Year results coming?
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mwekez@ji
#58 Posted : Friday, March 28, 2014 10:14:15 AM
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smile
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georgegop
#59 Posted : Friday, March 28, 2014 10:40:12 AM
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Why the smile on this lacklustre counter?
Don't Work for Money, Let Money Work for You..
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mwekez@ji
#60 Posted : Friday, March 28, 2014 10:47:10 AM
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georgegop wrote:
Why the smile on this lacklustre counter?


.... see dd/ss of late smile smile
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