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KenolKobil FY14 PAT up 95%
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selah
#181 Posted : Thursday, May 07, 2015 3:22:35 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@Gordon Gekko you forgot that gem of information where Ohana said they were cleaning up the books of subsidiaries where due to misreporting the profit could have been higher probably PAT 1.6B ....the impact of the clean up will show in the first half of 2015 since the cleanup is still ongoing.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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stock.enigma
#182 Posted : Thursday, May 07, 2015 3:52:31 PM
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Joined: 8/14/2009
Posts: 244
This chap Ochami has 100 shares in virtually all listed companies. He is always the first one to speak at any AGM I have attended and almost always, is out of line with the issues being discussed. Yesterday, he was asking for tea at the AGM.
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heri
#183 Posted : Thursday, May 07, 2015 3:57:02 PM
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Joined: 9/14/2011
Posts: 834
Location: nairobi
selah wrote:
@Gordon Gekko you forgot that gem of information where Ohana said they were cleaning up the books of subsidiaries where due to misreporting the profit could have been higher probably PAT 1.6B ....the impact of the clean up will show in the first half of 2015 since the cleanup is still ongoing.


@Selah thanks for sharing. what clean up is that? Should we be worried about the state of the books?
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VituVingiSana
#184 Posted : Thursday, May 07, 2015 4:02:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
selah wrote:
@Gordon Gekko you forgot that gem of information where Ohana said they were cleaning up the books of subsidiaries where due to misreporting the profit could have been higher probably PAT 1.6B ....the impact of the clean up will show in the first half of 2015 since the cleanup is still ongoing.

Was the clean-up done/started/completed in 2014?
What did you infer he meant by 'cleaning up the books of the subsidiaries'?
What did you infer he meant by 'misreporting the profit'? [Is this in 2014 or earlier?]
If the clean-up is ongoing then will KK take write-offs and write-downs in 2015? [Clean up exercises usually lead to provisions, write downs, etc].
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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selah
#185 Posted : Thursday, May 07, 2015 4:05:59 PM
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Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@heri he was suggesting that due to poor record keeping from subsidiaries they have seen hiden value that would have had a great impact on the bottom line....a positive impact.....also in the 2014 report their was a misreporting which pat lai gave the correct figures for segment information in note 5 of the financial report...
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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stock.enigma
#186 Posted : Thursday, May 07, 2015 4:21:13 PM
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The exercise of cleaning up the books has been completed as of the q1 2015. Month on month basis books of subsidiaries are kept on actual basis.
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mlennyma
#187 Posted : Friday, May 08, 2015 11:57:05 AM
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Joined: 7/21/2010
Posts: 6,184
Location: nairobi
Ex-dividend and stable with good volume is a pointer to something of interest beyond the dividend
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#188 Posted : Tuesday, May 19, 2015 10:33:53 PM
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Joined: 7/21/2010
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http://www.businessdaily...4/-/un8i50z/-/index.html
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#189 Posted : Tuesday, May 19, 2015 10:37:06 PM
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Joined: 7/21/2010
Posts: 6,184
Location: nairobi
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#190 Posted : Tuesday, May 19, 2015 10:43:33 PM
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Joined: 7/21/2010
Posts: 6,184
Location: nairobi
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#191 Posted : Tuesday, May 19, 2015 10:54:38 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.


I hear you. the share price is declining an opportunity to keep adding!

@VVS. I'm guessing you saw the planned renovation of some petrol stations. KK is slowly becoming a very well oiled machine
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#192 Posted : Tuesday, May 19, 2015 11:00:44 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
Aguytrying wrote:
mlennyma wrote:
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.


I hear you. the share price is declining an opportunity to keep adding!

@VVS. I'm guessing you saw the planned renovation of some petrol stations. KK is slowly becoming a very well oiled machine

I saw ohana laughing to the last tooth so we should also laugh soon.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#193 Posted : Wednesday, May 20, 2015 1:04:27 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
mlennyma wrote:
Aguytrying wrote:
mlennyma wrote:
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.


I hear you. the share price is declining an opportunity to keep adding!

@VVS. I'm guessing you saw the planned renovation of some petrol stations. KK is slowly becoming a very well oiled machine

I saw ohana laughing to the last tooth so we should also laugh soon.
About time they renovated the stations!
Next they need to act on the slow K-Card

How will they fund their share of the new Lubes plant? http://www.businessdaily.../-/un8i50z/-/index.html

Is Castrol that strong a name in the market?
Will KK de-emphasize sale of KK lubes in favor of Castrol?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#194 Posted : Wednesday, May 20, 2015 9:06:14 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
mlennyma wrote:
Aguytrying wrote:
mlennyma wrote:
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.


I hear you. the share price is declining an opportunity to keep adding!

@VVS. I'm guessing you saw the planned renovation of some petrol stations. KK is slowly becoming a very well oiled machine

I saw ohana laughing to the last tooth so we should also laugh soon.
About time they renovated the stations!
Next they need to act on the slow K-Card

How will they fund their share of the new Lubes plant? http://www.businessdaily.../-/un8i50z/-/index.html

Is Castrol that strong a name in the market?
Will KK de-emphasize sale of KK lubes in favor of Castrol?


That question for where the 1-1.4B is coming from is one that crossed my mind. and I didn't know castrol is so popular. could it be those high margin lines he talks about...
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#195 Posted : Wednesday, May 20, 2015 10:37:15 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
Aguytrying wrote:
VituVingiSana wrote:
mlennyma wrote:
Aguytrying wrote:
mlennyma wrote:
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.


I hear you. the share price is declining an opportunity to keep adding!

@VVS. I'm guessing you saw the planned renovation of some petrol stations. KK is slowly becoming a very well oiled machine

I saw ohana laughing to the last tooth so we should also laugh soon.
About time they renovated the stations!
Next they need to act on the slow K-Card

How will they fund their share of the new Lubes plant? http://www.businessdaily.../-/un8i50z/-/index.html

Is Castrol that strong a name in the market?
Will KK de-emphasize sale of KK lubes in favor of Castrol?


That question for where the 1-1.4B is coming from is one that crossed my mind. and I didn't know castrol is so popular. could it be those high margin lines he talks about...

financing is jointly by bp south Africa and kk,but I think before constructing this kind of facility, one must have conducted satisfactory study on its returns.
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#196 Posted : Wednesday, May 20, 2015 10:59:50 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
By 11am its approaching 10m shares traded.
"Don't let the fear of losing be greater than the excitement of winning."
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heri
#197 Posted : Wednesday, May 20, 2015 11:19:52 AM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
Having bought a few KK shares, i have now taken some more interest in the business

Today i drove from Kikuyu town to Kericho and counted 6 KK petrol stations

Other than the one at Naivasha ( Delamere), the rest are in pathetic condition. The one before you get to Limuru junction did not even have fuel

so only 1 out of 6 ( 17%) looked comparable to the competitors' stations.

They surely need to do better than that.

In the midst of their cost cutting, do they have a strategy on how to attract customers to their pathetic looking stations or retail business is not a priority
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Aguytrying
#198 Posted : Wednesday, May 20, 2015 11:41:46 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
heri wrote:
Having bought a few KK shares, i have now taken some more interest in the business

Today i drove from Kikuyu town to Kericho and counted 6 KK petrol stations

Other than the one at Naivasha ( Delamere), the rest are in pathetic condition. The one before you get to Limuru junction did not even have fuel

so only 1 out of 6 ( 17%) looked comparable to the competitors' stations.

They surely need to do better than that.

In the midst of their cost cutting, do they have a strategy on how to attract customers to their pathetic looking stations or retail business is not a priority


This has been my worry since the k-card days
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#199 Posted : Wednesday, May 20, 2015 1:00:03 PM
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Joined: 7/21/2010
Posts: 6,184
Location: nairobi
Kenyans like cheap things even if they come from a dirty station,if they price well they will still sell
"Don't let the fear of losing be greater than the excitement of winning."
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winmak
#200 Posted : Wednesday, May 20, 2015 1:07:33 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
heri wrote:
Having bought a few KK shares, i have now taken some more interest in the business

Today i drove from Kikuyu town to Kericho and counted 6 KK petrol stations

Other than the one at Naivasha ( Delamere), the rest are in pathetic condition. The one before you get to Limuru junction did not even have fuel

so only 1 out of 6 ( 17%) looked comparable to the competitors' stations.

They surely need to do better than that.

In the midst of their cost cutting, do they have a strategy on how to attract customers to their pathetic looking stations or retail business is not a priority


You missed the one at the hill in FlyOver as u descend down Kinungi. It is very nice and prime
For investors as a whole, returns decrease as motion increases ~ WB
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