I am more than sure in the next bull phase KK will more than double from the current price of 8.xy.

And is trading on a foward PE of 7 at the moment. This may not seem like much, until you compare with the previous 2 years. a testament to the growth in profit.

Mr Market's current mood doesn't support bulls. Good news will be sold, bad news will be sold until the cycle resets.

The main 'supplier' of KK. Also the firm that is #1 for foreign trades. I think they do large crosses when they can i.e. they don't bid unless they can secure equivalent supply. Foreign buyers don't buy $2,000 blocks.

He's so in touch with the industry and the companies strategy.
Developing real estate at petrol stations will also increase retail fuel sales.

Are there any dollar denominated loans left?

Yes.
He said (of the 8.6bn in loans as shown on the Balance Sheet ) 3bn is in KES so the balance is in Forex [I assume most of it in USD].

The loans are for Working Capital [see the 2014 Annual Report] but they are 'naturally hedged' since they finance fuel inventories that is sold in USD [to airlines, subsidiaries and other OMCs] for the most part. The sales done in LCY is where KK assumes risk of they cannot adjust prices e.g. in Kenya the ERC changes prices monthly.

Ohana said July was very good and KK is on course to meet its targets for 2H. KK is 'short' fuel thus it can buy fuel at cheaper prices as prices drop vs those firms that are long i.e. have pricier stocks.

Kk has never rallied for the last 2yrs,on the good side it's yet to crush below 7.90.the stocks that rallied are about to shed all gains. I expect strong demand below 8 if at all it breaks down,there was however an insignificant trade at 7.50 earlier

IN SUMMARY
Justice Francis Gikonyo has dismissed KPC’s application seeking to disqualify Mr Abdullahi as an arbiter in the dispute.
KPC had argued that Mr Abdullahi’s interview during a live newscast at a local TV station in June last year revealed that he is not capable of conducting the proceedings impartially.
KenolKobil sued KPC in 2006 claiming the State firm had breached a storage agreement the two had signed by allocating space to other oil marketers, including Triton Oil Company which became the centre of a Sh7.6 billion oil theft scandal only three years later.

@VVS and other market gurus, how does a novice like myself strike a balance between the good news on this counter and the current Sentiments towards equities ? Is there a possibility that the market will overact in the short term leading to a short lived spike then return to normal inline with the bear market ? Which would mean that we should wait before boarding.

The cow continues to fatten,kpc must have abused the birth attendants while pregnant .but is the judiciary in this country business friendly if an investor can wait for 9 yrs and still counting? ??the best way now would be kpc to call Kk and talk outside court.