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KENOL-KOBIL 2014
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h2s
#181 Posted : Monday, May 19, 2014 10:57:25 AM
Rank: Member

Joined: 7/20/2012
Posts: 141
Some people seem to know more as regards to KenolKobil by the way this thing has been swinging.
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mlennyma
#182 Posted : Monday, May 19, 2014 11:37:21 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This monday is no different,this bounce has lost legs unless something changes.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#183 Posted : Monday, May 19, 2014 3:58:05 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
This monday is no different,this bounce has lost legs unless something changes.


I knew it! been here too many times before
The investor's chief problem - and even his worst enemy - is likely to be himself
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Metasploit
#184 Posted : Monday, May 19, 2014 4:05:10 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Aguytrying wrote:
mlennyma wrote:
This monday is no different,this bounce has lost legs unless something changes.


I knew it! been here too many times before


This one is in your palms!We call it experience..

But the Market looks spooked today.

Eg Equity at 12% off from the Record High,KCB etc

Maybe it can go higher after this moody episode is over

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Gordon Gekko
#185 Posted : Tuesday, May 20, 2014 6:48:36 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
jawgey wrote:
Gordon Gekko wrote:
Goldilocks Reloaded wrote:
What really is the news at Kenol? 16m shares worth KES 141m traded in first 30 minutes of trade...?

At the AGM at the Hilton waiting for lunch. Show me how to send a selfe with Ohana and Mathenge


@Gordon Gekko what transpired in the AGM? enlighten wazuans..

sorry, I'm just seeing this @jawgey:

2012 was the worst, 2013 marked the turnaround through restructuring of staff, debt, focus.
Staff rationalisation, 236 staff offloaded
Debt retired by selling non core assets
Focus away from volumes but pushing products with high margins (LPG, lubricants, real estate development)
Admission that market leadership is not a good focus - why should you be a loss making leader like KK was in 2013?
Management committed to making 2014 a very successful year
Management will engage Government a lot more and constructively
Shilling still a risk, but will not be hedged as in 2013
KPRL fully settled
KPC awaiting Court of Appeal determination of damages as KPC has appealed against arbitrator's award that they thought was excessive.
PUMA deal is dead. Management working on increasing value of the company so that a prospective suitor can pay a good price.
Management has taken a decision not to talk too much (a snide at Segman?)
Without mentioning the parties, an admission that the 10 top shareholders have changed
Dividend policy is paying out 20% - 30% of net profit

LUNCH WAS CRAP
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  | | Edit by user: Tuesday, May 20, 2014 6:53 PM | Reason: Not specified
jawgey
#186 Posted : Tuesday, May 20, 2014 6:58:03 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Gordon Gekko wrote:
jawgey wrote:
Gordon Gekko wrote:
Goldilocks Reloaded wrote:
What really is the news at Kenol? 16m shares worth KES 141m traded in first 30 minutes of trade...?

At the AGM at the Hilton waiting for lunch. Show me how to send a selfe with Ohana and Mathenge


@Gordon Gekko what transpired in the AGM? enlighten wazuans..

sorry, I'm just seeing this @jawgey:

2012 was the worst, 2013 marked the turnaround through restructuring of staff, debt, focus.
Staff rationalisation, 236 staff offloaded
Debt retired by selling non core assets
Focus away from volumes but pushing products with high margins( LPG, lubricants, real estate development)
Admission that market leadership is not a good focus - why should you be a loss making leader like KK was in 2013?
Management committed to making 2014 a very successful year
Management will engage Government a lot more and constructively
Shilling still a risk, but will not be hedged as in 2013
KPRL fully settled
KPC awaiting Court of Appeal determination of damages as KPC has appealed against arbitrator's award that they thought was excessive.
PUMA deal is dead. Management working on increasing value of the company so that a prospective suitor can pay a good price.
Management has taken a decision not to talk too much (a snide at Segman?)
Without mentioning the parties, an admission that the 10 top shareholders have changed
Dividend policy is paying out 20% - 30% of net profit

LUNCH WAS CRAP


Thanks for the update. Hoping the massive restructuring will pay off going forward. They have a good a plan and it seems for someone going long-term one can't be wrong. probably another suitor is in the offing .Am sure the top shareholders have been exiting no wonder the recent volume spikes.
Seeing is believing
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VituVingiSana
#187 Posted : Wednesday, May 21, 2014 3:52:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@GordonGekko - I will recommend that KK stops giving lunch. Why waste money on lunch when KK can pay a higher dividend or use the cash it saves to pay down debt!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#188 Posted : Wednesday, May 21, 2014 8:43:31 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
VituVingiSana wrote:
@GordonGekko - I will recommend that KK stops giving lunch. Why waste money on lunch when KK can pay a higher dividend or use the cash it saves to pay down debt!


I assume you're talking about lunch at the AGM? Or is it lunch to staff?
I'm sure only 100-300 people attend the AGM and I'm sure the attending owners of the company (shareholders) will not agree with you. I don't think this cost constitutes to a big amount. Don't forget that others if not most have travelled from far and this is an African gesture.

BBI will solve it :)
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mlennyma
#189 Posted : Wednesday, May 21, 2014 8:52:16 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Do we still have fuel price controls?this month may have passed my ears.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#190 Posted : Wednesday, May 21, 2014 9:03:06 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
2012 wrote:
VituVingiSana wrote:
@GordonGekko - I will recommend that KK stops giving lunch. Why waste money on lunch when KK can pay a higher dividend or use the cash it saves to pay down debt!


I assume you're talking about lunch at the AGM? Or is it lunch to staff?
I'm sure only 100-300 people attend the AGM and I'm sure the attending owners of the company (shareholders) will not agree with you. I don't think this cost constitutes to a big amount. Don't forget that others if not most have travelled from far and this is an African gesture.
"Lunch" for shareholders should be eliminated since the benefits neither the firm nor the other shareholders who cannot attend. As for 'gestures' that is nonsense... It's recommended but NOT compulsory to attend. And the questions should be about the firm not the lunch it provides. Look at Safaricom which clarified that lunch is NOT on the menu at its AGMs. And it has worked out well for them.

I can guarantee you that if each shareholder [not just those who attend] was asked whether to pay for lunch for the attendees... most would say NO. I would & I try to attend these AGMs.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, May 21, 2014 9:04 AM | Reason: Not specified
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