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KENOL-KOBIL 2014
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VituVingiSana
#131 Posted : Thursday, April 24, 2014 1:47:20 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
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 KPRL dispute settled in 2013, all cases withdrawn.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
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muganda
#132 Posted : Thursday, April 24, 2014 9:48:20 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
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
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hisah
#133 Posted : Thursday, April 24, 2014 2:00:15 PM
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!
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Boris Boyka
#134 Posted : Thursday, April 24, 2014 2:17:58 PM
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. !!!
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Sufficiently Philanga....thropic
#135 Posted : Monday, April 28, 2014 9:46:06 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
http://www.businessdaily...-/14c96s6z/-/index.html

#HowToTellKKHasBottomedOut
@SufficientlyP
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VituVingiSana
#136 Posted : Monday, April 28, 2014 9:57:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
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
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hisah
#137 Posted : Monday, April 28, 2014 12:45:16 PM
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!
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  | | Edit by user: Monday, April 28, 2014 1:21 PM | Reason: Not specified
murchr
#138 Posted : Tuesday, April 29, 2014 3:22:57 AM
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
.
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VituVingiSana
#139 Posted : Tuesday, April 29, 2014 4:03:23 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
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
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murchr
#140 Posted : Tuesday, April 29, 2014 4:05:10 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Aug 24 2013

If only you listened to @mibbz

mwekez@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
.
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  | | Edit by user: Tuesday, April 29, 2014 4:11 AM | Reason: Not specified
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