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KENOL-KOBIL 2014
Cardinal
#261 Posted : Wednesday, August 13, 2014 2:20:09 PM
Rank: Member


Joined: 5/12/2009
Posts: 266
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littledove
#262 Posted : Wednesday, August 13, 2014 2:31:20 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
faa wrote:
results expected soon,The results will offcourse be superb!! After the results annoucement ,i understand KK has put plans in place to revamp their customer service,stations & experience.

that 'good' expectation is not reflected in volume trade, at NSE things happen before announcement, anyway I'm in and too I'm hoping they are superb
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
mlennyma
#263 Posted : Thursday, August 14, 2014 11:55:22 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Somebody said it might make a new low and now at 8bob,we might see that however exit volumes are not scaring.
"Don't let the fear of losing be greater than the excitement of winning."
hisah
#264 Posted : Thursday, August 14, 2014 12:46:56 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
mlennyma wrote:
Unlike mumias iam buying kk as it slightly edges down but volumes not scaring

If it breaks below 8.50, it will head lower than 7.90 (Oct 2013 low post Puma deal collapse). Don't fight the trend...

Eyeing 7.90. Break below opens up 6 - 6.50 air pocket...

MSC too is testing all time lows @2.25 made on July 25 2014 for the 3rd time...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Akenyan2014
#265 Posted : Thursday, August 14, 2014 2:41:09 PM
Rank: Member


Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
hisah wrote:
hisah wrote:
mlennyma wrote:
Unlike mumias iam buying kk as it slightly edges down but volumes not scaring

If it breaks below 8.50, it will head lower than 7.90 (Oct 2013 low post Puma deal collapse). Don't fight the trend...

Eyeing 7.90. Break below opens up 6 - 6.50 air pocket...

MSC too is testing all time lows @2.25 made on July 25 2014 for the 3rd time...


This one has been silent for some weeks. Who has more bad news? Are we expecting a HAFR style rebound ?
S.Mutaga III
#266 Posted : Thursday, August 14, 2014 2:57:52 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
The blood in the streets is starting to excite me now. Will do my due diligence and decide whether to start buying or wait for more bleeding. It would be wiser to wait for the results first and then make a sure decision, just that I dont know whether I will catch it on its way up if they are great results. Watu wa exchange bar saidieni hapa!!
A successful man is not he who gets the best, it is he who makes the best from what he gets.
murchr
#267 Posted : Thursday, August 14, 2014 4:43:15 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
The results will be announced on A Friday after 4.00
"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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Cardinal
#268 Posted : Thursday, August 14, 2014 4:50:17 PM
Rank: Member


Joined: 5/12/2009
Posts: 266
murchr wrote:
The results will be announced on A Friday after 4.00


No way, this time the results will be superb,at almost 1billion
S.Mutaga III
#269 Posted : Thursday, August 14, 2014 5:02:20 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
Cardinal wrote:
murchr wrote:
The results will be announced on A Friday after 4.00


No way, this time the results will be superb,at almost 1billion

We could really use those exchange bar guys on this one...hebu wajitokeze!!
A successful man is not he who gets the best, it is he who makes the best from what he gets.
mlennyma
#270 Posted : Thursday, August 14, 2014 6:25:17 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
As i said earlier,the volumes dont portray any scared big fish for the last weeks so i believe big money has taken position and waiting to turn with kk
"Don't let the fear of losing be greater than the excitement of winning."
Kausha
#271 Posted : Thursday, August 14, 2014 6:56:03 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
Finance and back of the envelope computations tell me kk will make decent pat growth this half.
Othelo
#272 Posted : Thursday, August 14, 2014 6:58:53 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Kausha wrote:
Finance and back of the envelope computations tell me kk will make decent pat growth this half.

smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
mlennyma
#273 Posted : Friday, August 15, 2014 2:18:48 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Alot of hy releases and here nothing.
"Don't let the fear of losing be greater than the excitement of winning."
murchr
#274 Posted : Friday, August 15, 2014 5:03:03 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
mlennyma wrote:
Alot of hy releases and here nothing.


Might be today after 4:00 pm
"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
.
faa
#275 Posted : Saturday, August 16, 2014 10:29:31 AM
Rank: Member


Joined: 5/8/2007
Posts: 709
Results for Kk will be great. Many won't believe. Its time to take positions and get in to the bus folks
Aguytrying
#276 Posted : Saturday, August 16, 2014 11:33:01 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
faa wrote:
Results for Kk will be great. Many won't believe. Its time to take positions and get in to the bus folks


I want to believe you. ill be very interested in the fuel sales they are making, that must have gone down drastically. after they clear the skeletons, they should concentrate on the core business... improve stations infrastructure, better service, more services etc. ahem like shell and total. the brand image needs to change. and I'm sure the retail margins are better now than 1-2 yrs ago.
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#277 Posted : Saturday, August 16, 2014 11:57:43 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@VVS. assist me. I'm wondering why bamburi cement over in this and the last financial year quarters is paying dividends higher than what it is earning???? yet is in a sector that requires a lot of capital expenditure in the short to medium term.

Is it cash being siphoned for the lafarge/holcim merger?

Is it the reason why they've been heavy trades since this year, possibly for the acquiring of more shares= more dividends?

what are the likely future outcomes?

regards
The investor's chief problem - and even his worst enemy - is likely to be himself
Kausha
#278 Posted : Saturday, August 16, 2014 1:19:40 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
Lafarge needs cash to lower cashflow levels ahead of merger but also complete acquisitions in asia.
h2s
#279 Posted : Saturday, August 16, 2014 9:39:01 PM
Rank: Member


Joined: 7/20/2012
Posts: 141
murchr wrote:
mlennyma wrote:
Alot of hy releases and here nothing.


Might be today after 4:00 pm

Last year they released the HY on 23rdAugust, so probably the coming Friday (22ndAugust).
VituVingiSana
#280 Posted : Saturday, August 16, 2014 11:13:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Aguytrying wrote:
@VVS. assist me. I'm wondering why bamburi cement over in this and the last financial year quarters is paying dividends higher than what it is earning???? yet is in a sector that requires a lot of capital expenditure in the short to medium term.

Is it cash being siphoned for the lafarge/holcim merger?

Is it the reason why they've been heavy trades since this year, possibly for the acquiring of more shares= more dividends?

what are the likely future outcomes?

regards
Despite what folks think, Bamburi is a small part of LaFarge's global business. And within Africa, it is not the largest business unit either and has other factories including in Nigeria (LaFarge Wapco), Zambia (LaFarge Chilanga), etc so I am sure a Shs 6/share dividend is not going to make a huge difference to them. They claim 6/- for the 60 years. Perhaps that is true.

Many firms accumulate cash as a defensive mechanism but if you retain cash, it reduces your ROE.
Warren Buffett has said that when BH cannot deploy the cash to earn a 'positive' [higher than average] return then he will distribute the excess cash.
I am not sure where Bamburi lost the plot but it stopped growing unlike ARM among others (new firms) in Kenya. I think it planned a takeover of EAPCC but politics killed the deal.
So Bamburi doesn't need the cash to expand at the moment. If GoK gets its act together, it may buy out Bamburi's stake in EAPCC which means more cash in hand.

Capex: Bamburi has already SPENT the majority of the capex it needs to maintain its current production in Mombasa, Nairobi and Uganda (Hima). Perhaps all it needs is cash for maintenance but that is covered by operating profits.

EAC: I believe LaFarge may see expansion in TZ to be a better bet just as ARM has done. Eventually, the TZ economy will be bigger than Kenya but LaFarge has the capacity to invest in TZ and wait.

Trades: LaFarge cannot buy more shares in any one year beyond their current holdings without an exemption from CMA. Refer to the 'exemption' from the Takeover Rules that Chris Kirubi applied for.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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