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KenolKobil HY 2015 net profit up 73%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155m Expected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Kenol Kobil H1 2015
KK H1 PAT up 72.9%
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Good news for KK shareholders, but the market don't care for good results! Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Excellent results. If the market doesn't read them, it'll be a good opportunity to add.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:Excellent results. If the market doesn't read them, it'll be a good opportunity to add. Exactly "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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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muganda wrote:Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155mExpected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0 I thought they did away with that "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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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murchr wrote:muganda wrote:Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155mExpected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0 I thought they did away with that These are Not hedges. They did away with hedges The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I'm very impressed with the achievements of kk and the turn around. We are back to the kk of old profit wise. They even gave an interim dividend. End year I see kk hitting the 2.0b pat mark or very close. And additional dividend of 0.40 cents. Now they should work on retail as they continue the efficiency model. Shareholders funds up significantly also The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Aguytrying wrote:murchr wrote:muganda wrote:Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155mExpected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0 I thought they did away with that These are Not hedges. They did away with hedges I think those should be translation losses . You can't avoid those in the current forex climate. Excellent results nonetheless. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Mashaallah, mashaallah, it came to be!Now lets start it in two digits. A 13 Kes isn't too much n extension.
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Realtreaty wrote:Mashaallah, mashaallah, it came to be!Now lets start it in two digits. A 13 Kes isn't too much n extension. I only have 3k kk so these tiny interim only benefit my bank on EFT! Foresight..
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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muganda wrote:Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155m Expected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0 Very impressive.! From a 0.10 FY dividend to 0.10 interim
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Rank: Member Joined: 9/16/2006 Posts: 229
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http://www.kenolkobil.co...DOWNLOADS/2015halfyr.pdf“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Member Joined: 9/16/2006 Posts: 229
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http://www.reuters.com/a...ts-idUSL5N10L2NY20150810“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Member Joined: 9/16/2006 Posts: 229
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impressive results.looking forward for a dividend of 40cts at the end of the year. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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whiteowl wrote:muganda wrote:Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155m Expected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0 Very impressive.! From a 0.10 FY dividend to 0.10 interim FY was 0.20 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Aguytrying wrote:whiteowl wrote:muganda wrote:Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155m Expected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0 Very impressive.! From a 0.10 FY dividend to 0.10 interim FY was 0.20 Last year but one
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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murchr wrote:muganda wrote:Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155mExpected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0 I thought they did away with that This happens when you have fuel (or services) you have to pay for in USD but have committed to sell in LCY (the depreciating currencies of EAC including KES, TZS, BFR and UGX). The outlier may be RWF. "Forex losses of Ksh 155 million for the six months June 2015 compared to Ksh 142 million for the six months June 2014, followed from significant depreciation of the local currencies across the countries where the Group operates, against the US dollar which continues to strengthen globally. It is the Group’s policy not to take any foreign exchange hedging positions. The nature of our business mix incorporates a natural hedge of US dollar inflows that offsets the dollar liabilities. Nevertheless, management has taken appropriate initiatives and actions to mitigate against the exposure across the Group."Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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VituVingiSana wrote:murchr wrote:muganda wrote:Group delivered excellent results 8% increase in volumes Improved gross margins to 8.3% from 5.9% Overhead up only 3% Forex losses of only 155mExpected downward trend in fuel prices, to have positive impact on second half. Dividend of 0.10 File http://ge.tt/7lZTCyL2/v/0 I thought they did away with that This happens when you have fuel (or services) you have to pay for in USD but have committed to sell in LCY (the depreciating currencies of EAC including KES, TZS, BFR and UGX). The outlier may be RWF. "Forex losses of Ksh 155 million for the six months June 2015 compared to Ksh 142 million for the six months June 2014, followed from significant depreciation of the local currencies across the countries where the Group operates, against the US dollar which continues to strengthen globally. It is the Group’s policy not to take any foreign exchange hedging positions. The nature of our business mix incorporates a natural hedge of US dollar inflows that offsets the dollar liabilities. Nevertheless, management has taken appropriate initiatives and actions to mitigate against the exposure across the Group." Clear as crystal. Merci! "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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KenolKobil HY 2015 net profit up 73%
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