Wazua
»
Investor
»
Stocks
»
KENOL-KOBIL 2014
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
|
CASHFLOW202 wrote:VituVingiSana wrote:CASHFLOW202 wrote:Huge supply building up {10M} with an ask of up to 15shs. This is in anticipation of tomorrow's result release and demand also building up significantly. Their prospects are more important than the bottomline to rally the counter. Stop conning us. The MAXIMUM price at which shares can be offered at is 10% above VWAP when there is no material info. And that would be 11.50 at most!!!! At 15, there would be many more shares for sale than the 15 you are quoting. yesterday more than 10M shares changed hands with a turnover of more than 100M on this counter. So no monkey business @Vituvingisana. You note your comment was on the 9th and there was no material information ,the reason why @ vvs says the price rise could not be more than 10%?
|
|
|
Rank: New-farer Joined: 4/6/2013 Posts: 95
|
cnn wrote:CASHFLOW202 wrote:VituVingiSana wrote:CASHFLOW202 wrote:Huge supply building up {10M} with an ask of up to 15shs. This is in anticipation of tomorrow's result release and demand also building up significantly. Their prospects are more important than the bottomline to rally the counter. Stop conning us. The MAXIMUM price at which shares can be offered at is 10% above VWAP when there is no material info. And that would be 11.50 at most!!!! At 15, there would be many more shares for sale than the 15 you are quoting. yesterday more than 10M shares changed hands with a turnover of more than 100M on this counter. So no monkey business @Vituvingisana. You note your comment was on the 9th and there was no material information ,the reason why @ vvs says the price rise could not be more than 10%? I get it @cnn though the info i posted was correct as the ask at 15bob was in anticipation of the material day usually placed before the day. Here it was on 9th. Did anyone note that the 1OM shares changed hands yet the supply was at 4M? Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
|
CASHFLOW202 wrote:cnn wrote:CASHFLOW202 wrote:VituVingiSana wrote:CASHFLOW202 wrote:Huge supply building up {10M} with an ask of up to 15shs. This is in anticipation of tomorrow's result release and demand also building up significantly. Their prospects are more important than the bottomline to rally the counter. Stop conning us. The MAXIMUM price at which shares can be offered at is 10% above VWAP when there is no material info. And that would be 11.50 at most!!!! At 15, there would be many more shares for sale than the 15 you are quoting. yesterday more than 10M shares changed hands with a turnover of more than 100M on this counter. So no monkey business @Vituvingisana. You note your comment was on the 9th and there was no material information ,the reason why @ vvs says the price rise could not be more than 10%? I get it @cnn though the info i posted was correct as the ask at 15bob was in anticipation of the material day usually placed before the day. Here it was on 9th. Did anyone note that the 1OM shares changed hands yet the supply was at 4M? You have a data vendor whose board shows bids and asks outside the regulatory +/- 10% on non material trading days?...interesting.
|
|
|
Rank: New-farer Joined: 4/6/2013 Posts: 95
|
cnn wrote:CASHFLOW202 wrote:cnn wrote:CASHFLOW202 wrote:VituVingiSana wrote:CASHFLOW202 wrote:Huge supply building up {10M} with an ask of up to 15shs. This is in anticipation of tomorrow's result release and demand also building up significantly. Their prospects are more important than the bottomline to rally the counter. Stop conning us. The MAXIMUM price at which shares can be offered at is 10% above VWAP when there is no material info. And that would be 11.50 at most!!!! At 15, there would be many more shares for sale than the 15 you are quoting. yesterday more than 10M shares changed hands with a turnover of more than 100M on this counter. So no monkey business @Vituvingisana. You note your comment was on the 9th and there was no material information ,the reason why @ vvs says the price rise could not be more than 10%? I get it @cnn though the info i posted was correct as the ask at 15bob was in anticipation of the material day usually placed before the day. Here it was on 9th. Did anyone note that the 1OM shares changed hands yet the supply was at 4M? You have a data vendor whose board shows bids and asks outside the regulatory +/- 10% on non material trading days?...interesting.   {|= {|= Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
|
OMC's will like this....http://www.nation.co.ke/business/Ministry-to-drop-fuel-price-control-/-/996/2276166/-/uo2a38/-/index.html
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Still a very expensive share "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
Following a conversation on Twitter between Sang252 and Wazua (no less)...
Interesting to learn KenolKobil held an investor conference today, where they made 2 important pronouncements:
@KenolKobil Dispute with KPRL settled; backlog of products lifted between July-Dec 2013 at above market prices. No exposure in 2014. KPRL dispute settled in 2013, all cases withdrawn. Cost of settlement $14 mn, no overhang in 2014.
@KenolKobil Net borrowings in Q1 2014 down to KES 10 bn from KES 13.6 bn in Dec 2013. Net working capital down significantly
Does this mean they already have an approx. 600mn gain from reduction in Finance Costs looking towards HY?
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
|
|
|
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
|
In bucket loads! @SufficientlyP
|
|
|
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
|
muganda wrote:Following a conversation on Twitter between Sang252 and Wazua (no less)...
Interesting to learn KenolKobil held an investor conference today, where they made 2 important pronouncements:
@KenolKobil Dispute with KPRL settled; backlog of products lifted between July-Dec 2013 at above market prices. No exposure in 2014. KPRL dispute settled in 2013, all cases withdrawn. Cost of settlement $14 mn, no overhang in 2014.
@KenolKobil Net borrowings in Q1 2014 down to KES 10 bn from KES 13.6 bn in Dec 2013. Net working capital down significantly
Does this mean they already have an approx. 600mn gain from reduction in Finance Costs looking towards HY?
Add to this the possible return to market rates at the pump in H2. @SufficientlyP
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
|
muganda wrote:Following a conversation on Twitter between Sang252 and Wazua (no less)...
Interesting to learn KenolKobil held an investor conference today, where they made 2 important pronouncements:
@KenolKobil Dispute with KPRL settled; backlog of products lifted between July-Dec 2013 at above market prices. No exposure in 2014. KPRL dispute settled in 2013, all cases withdrawn. Cost of settlement $14 mn, no overhang in 2014.
@KenolKobil Net borrowings in Q1 2014 down to KES 10 bn from KES 13.6 bn in Dec 2013. Net working capital down significantly
Does this mean they already have an approx. 600mn gain from reduction in Finance Costs looking towards HY?
There would be interest savings, at the expense of additional business, but not for the entire KES 14bn just the amounts as the debt is reduced. KK still needs to borrow large amounts and will do so if it wants to sell fuel. What has probably happened is that KK exited various businesses eg aviation fuel and doing so means the need/requirement for additional loans/overdrafts has reduced. KK has been inactive on the OTS market as well and that reduces the need for borrowings... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
Managing Director, David Ohana "We are busy paying our loans to the banks. In the past we borrowed monies for expanding our business. But we are now changing our strategy a bit. We want to reduce our loans completely by 2014 so that the company can stabilize.” "While KenolKobil isn’t looking for a strategic partner, local and international investors have shown interest." http://www.bloomberg.com/news/2...s-to-eliminate-debt.html
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Meanwhile vol spike forcing price below 9/- handle. Lower bolinger bands (BB) lies @8.85 and with 9/- letting go the bear strength is hinting at gaining momentum. 52 week low lies @7.90 and seems the likely target if the bears take over. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
hisah wrote:Meanwhile vol spike forcing price below 9/- handle. Lower bolinger bands (BB) lies @8.85 and with 9/- letting go the bear strength is hinting at gaining momentum. 52 week low lies @7.90 and seems the likely target if the bears take over. Am loading more @ < 9.00 looking into future Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
|
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
|
hisah wrote:Meanwhile vol spike forcing price below 9/- handle. Lower bolinger bands (BB) lies @8.85 and with 9/- letting go the bear strength is hinting at gaining momentum. 52 week low lies @7.90 and seems the likely target if the bears take over. In English? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
VituVingiSana wrote:hisah wrote:Meanwhile vol spike forcing price below 9/- handle. Lower bolinger bands (BB) lies @8.85 and with 9/- letting go the bear strength is hinting at gaining momentum. 52 week low lies @7.90 and seems the likely target if the bears take over. In English? KK has witnessed a lot of vol churn this month. The initial vol spike was ard 12M shares and since then the price has turned lower. As per TA, the price is testing the lower BB which means volatility is about to check in heading further down. Just like 9/- was being tested a while back (2013), vol spikes have appeared again. Guess what? The high vol was also in Apr 2013... Coincidence...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
hisah wrote:VituVingiSana wrote:hisah wrote:Meanwhile vol spike forcing price below 9/- handle. Lower bolinger bands (BB) lies @8.85 and with 9/- letting go the bear strength is hinting at gaining momentum. 52 week low lies @7.90 and seems the likely target if the bears take over. In English? KK has witnessed a lot of vol churn this month. The initial vol spike was ard 12M shares and since then the price has turned lower. As per TA, the price is testing the lower BB which means volatility is about to check in heading further down. Just like 9/- was being tested a while back (2013), vol spikes have appeared again. Guess what? The high vol was also in Apr 2013... Coincidence... Something must be smelling really bad in this counter volume 16,689,200 closing 8.90/-. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
|
Who is selling all these KK shares? It must be one of the 'top' shareholders related to biwott since no-one else has the ability to continuously sell-off these many shares. Is biwott cashing out? Are his heirs cashing out? What do they know that we do not? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Aug 24 2013If only you listened to @mibbzmwekez@ji wrote: Aguytrying wrote: mibbz wrote: mkeiyd wrote: mibbz wrote:issue is why buy now and wait for 2014 and beyond for the share to rise from 10 to 20 while in the intervening period one can invest in CFC and Pan Africa which is soon to be a buy out candidate and reap by 2014 then plough back the investment into KK and KQ? i believe its all about timing and risk appetite..... It's never that easy nor perfect. A while ago, when EABL was hitting its highs, it was well sung here. Smart money,locals being bought blah, bleh,blih. What happened? Some people don't like KK, others do. That's why there are more sentiments than fundamentals from those who don't like KK. Time for Kkeians to eat will come. Traders and longterm investors cannot play by the same rules. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Wazua
»
Investor
»
Stocks
»
KENOL-KOBIL 2014
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.
|