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Total Kenya HY15 PAT down 17%
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Pesa Nane
#11 Posted : Wednesday, September 23, 2015 12:59:41 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Aguytrying
#12 Posted : Wednesday, September 23, 2015 2:52:04 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
If KK and total perform at the same clip in H2, then KK's profits will be double total's. Tafakari hayo.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#13 Posted : Thursday, September 24, 2015 7:02:09 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Aguytrying wrote:
If KK and total perform at the same clip in H2, then KK's profits will be double total's. Tafakari hayo.

As interest rates rise, KK is reducing its borrowings.

According to Management during the 1H briefing & interviews:
- No open USD loan positions i.e. 'natural' hedges on USD loans. Huge benefit for KK as KES has cratered against USD since 30th June.
- KES loans being reduced as soon as possible.
- Inventories being tightly managed to reduce Working Capital requirements.
- All acquisitions have to be funded in LCY by the 'local' subsidiary. The HO is not funding any subsidiaries.
- Volumes are up for the retail network but a reduction in volumes in the low-margin sectors has hurt overall market share. Nevertheless, the reduction in overall market share has not impacted profits. Bidding for OTS cargoes at fair prices has reduced winning bids.
- KK was 'short' fuel while prices were falling i.e. as prices fell KK did not have expensive stocks.
- BP/Castrol deal will boost KK's market share in oils and lubricants.

Like @Aguy, I am bullish on KK despite all the drama in the economy.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#14 Posted : Wednesday, October 28, 2015 6:26:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Total changes MD again. Is this a good thing or not?
http://www.nation.co.ke/...4/-/lgcx6l/-/index.html

Imperial Bank had the same MD for decades & after he died the scams unfolded.
Kenol had Segman for a decade+ & then he became cocky and entered into crazy hedges/forwards that wiped out Revenue Reserves & almost sunk KK. Then he was 'retired' aka fired.
KQ & Naikuni [11 years]. 'Retired'
Olympia & Matu. Still hanging on.

On the other hand, we have other firms that have had steady hands on deck for years.
Equity & James Mwangi.
Wairegi & Britam.

Or will the skeletons come out of the closet when they leave?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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dunkang
#15 Posted : Wednesday, October 28, 2015 10:21:52 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
VituVingiSana wrote:
Total changes MD again. Is this a good thing or not?
http://www.nation.co.ke/...4/-/lgcx6l/-/index.html

Imperial Bank had the same MD for decades & after he died the scams unfolded.
Kenol had Segman for a decade+ & then he became cocky and entered into crazy hedges/forwards that wiped out Revenue Reserves & almost sunk KK. Then he was 'retired' aka fired.
KQ & Naikuni [11 years]. 'Retired'
Olympia & Matu. Still hanging on.

On the other hand, we have other firms that have had steady hands on deck for years.
Equity & James Mwangi.
Wairegi & Britam.

Or will the skeletons come out of the closet when they leave?

That Nigeria Madam seemed clueless compared to the good job the KK MD was doing.

And why are African been replaced by Frenchies? The chairman Molapo gone, replaced by a Frenchman, then the CEO Eze gone replaced by a Frenchwoman. The Board and the management looks like Arsenal F.C at the dawn of the millennium.
Receive with simplicity everything that happens to you.” ― Rashi

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Boris Boyka
#16 Posted : Wednesday, October 28, 2015 10:28:38 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
dunkang wrote:
VituVingiSana wrote:
Total changes MD again. Is this a good thing or not?
http://www.nation.co.ke/...4/-/lgcx6l/-/index.html

Imperial Bank had the same MD for decades & after he died the scams unfolded.
Kenol had Segman for a decade+ & then he became cocky and entered into crazy hedges/forwards that wiped out Revenue Reserves & almost sunk KK. Then he was 'retired' aka fired.
KQ & Naikuni [11 years]. 'Retired'
Olympia & Matu. Still hanging on.

On the other hand, we have other firms that have had steady hands on deck for years.
Equity & James Mwangi.
Wairegi & Britam.

Or will the skeletons come out of the closet when they leave?

That Nigeria Madam seemed clueless compared to the good job the KK MD was doing.

And why are African been replaced by Frenchies? The chairman Molapo gone, replaced by a Frenchman, then the CEO Eze gone replaced by a Frenchwoman. The Board and the management looks like Arsenal F.C at the dawn of the millennium.

Africans main concern or business is to eat and have self enrichment, the rest is bullshit!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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VituVingiSana
#17 Posted : Wednesday, October 28, 2015 10:48:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Boris Boyka wrote:
dunkang wrote:
VituVingiSana wrote:
Total changes MD again. Is this a good thing or not?
http://www.nation.co.ke/...4/-/lgcx6l/-/index.html

Imperial Bank had the same MD for decades & after he died the scams unfolded.
Kenol had Segman for a decade+ & then he became cocky and entered into crazy hedges/forwards that wiped out Revenue Reserves & almost sunk KK. Then he was 'retired' aka fired.
KQ & Naikuni [11 years]. 'Retired'
Olympia & Matu. Still hanging on.

On the other hand, we have other firms that have had steady hands on deck for years.
Equity & James Mwangi.
Wairegi & Britam.

Or will the skeletons come out of the closet when they leave?

That Nigeria Madam seemed clueless compared to the good job the KK MD was doing.

And why are African been replaced by Frenchies? The chairman Molapo gone, replaced by a Frenchman, then the CEO Eze gone replaced by a Frenchwoman. The Board and the management looks like Arsenal F.C at the dawn of the millennium.

Africans main concern or business is to eat and have self enrichment, the rest is bullshit!
Did you read about the EABL guy who kula'd 240mn? Aristide Nkoumondo, a Cameroonian
http://www.businessdaily...36/-/y8s7tx/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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dunkang
#18 Posted : Wednesday, October 28, 2015 11:13:35 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
VituVingiSana wrote:
Boris Boyka wrote:
dunkang wrote:
VituVingiSana wrote:
Total changes MD again. Is this a good thing or not?
http://www.nation.co.ke/...4/-/lgcx6l/-/index.html

Imperial Bank had the same MD for decades & after he died the scams unfolded.
Kenol had Segman for a decade+ & then he became cocky and entered into crazy hedges/forwards that wiped out Revenue Reserves & almost sunk KK. Then he was 'retired' aka fired.
KQ & Naikuni [11 years]. 'Retired'
Olympia & Matu. Still hanging on.

On the other hand, we have other firms that have had steady hands on deck for years.
Equity & James Mwangi.
Wairegi & Britam.

Or will the skeletons come out of the closet when they leave?

That Nigeria Madam seemed clueless compared to the good job the KK MD was doing.

And why are African been replaced by Frenchies? The chairman Molapo gone, replaced by a Frenchman, then the CEO Eze gone replaced by a Frenchwoman. The Board and the management looks like Arsenal F.C at the dawn of the millennium.

Africans main concern or business is to eat and have self enrichment, the rest is bullshit!
Did you read about the EABL guy who kula'd 240mn? Aristide Nkoumondo, a Cameroonian
http://www.businessdaily...6/-/y8s7tx/-/index.html

Waafrika tumelaaniwa. No wonder Total (K) is kicking them out!
Receive with simplicity everything that happens to you.” ― Rashi

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TheGeek
#19 Posted : Wednesday, October 28, 2015 11:49:30 AM
Rank: Member

Joined: 7/3/2014
Posts: 245
dunkang wrote:
VituVingiSana wrote:
Boris Boyka wrote:
dunkang wrote:
VituVingiSana wrote:
Total changes MD again. Is this a good thing or not?
http://www.nation.co.ke/...4/-/lgcx6l/-/index.html

Imperial Bank had the same MD for decades & after he died the scams unfolded.
Kenol had Segman for a decade+ & then he became cocky and entered into crazy hedges/forwards that wiped out Revenue Reserves & almost sunk KK. Then he was 'retired' aka fired.
KQ & Naikuni [11 years]. 'Retired'
Olympia & Matu. Still hanging on.

On the other hand, we have other firms that have had steady hands on deck for years.
Equity & James Mwangi.
Wairegi & Britam.

Or will the skeletons come out of the closet when they leave?

That Nigeria Madam seemed clueless compared to the good job the KK MD was doing.

And why are African been replaced by Frenchies? The chairman Molapo gone, replaced by a Frenchman, then the CEO Eze gone replaced by a Frenchwoman. The Board and the management looks like Arsenal F.C at the dawn of the millennium.

Africans main concern or business is to eat and have self enrichment, the rest is bullshit!
Did you read about the EABL guy who kula'd 240mn? Aristide Nkoumondo, a Cameroonian
http://www.businessdaily...6/-/y8s7tx/-/index.html

Waafrika tumelaaniwa. No wonder Total (K) is kicking them out!


kindly bee keen to review all the facts of the eabl case before maligning anyone.

In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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VituVingiSana
#20 Posted : Thursday, October 29, 2015 3:09:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
TheGeek wrote:
dunkang wrote:
VituVingiSana wrote:
Boris Boyka wrote:
dunkang wrote:
VituVingiSana wrote:
Total changes MD again. Is this a good thing or not?
http://www.nation.co.ke/...4/-/lgcx6l/-/index.html

Imperial Bank had the same MD for decades & after he died the scams unfolded.
Kenol had Segman for a decade+ & then he became cocky and entered into crazy hedges/forwards that wiped out Revenue Reserves & almost sunk KK. Then he was 'retired' aka fired.
KQ & Naikuni [11 years]. 'Retired'
Olympia & Matu. Still hanging on.

On the other hand, we have other firms that have had steady hands on deck for years.
Equity & James Mwangi.
Wairegi & Britam.

Or will the skeletons come out of the closet when they leave?

That Nigeria Madam seemed clueless compared to the good job the KK MD was doing.

And why are African been replaced by Frenchies? The chairman Molapo gone, replaced by a Frenchman, then the CEO Eze gone replaced by a Frenchwoman. The Board and the management looks like Arsenal F.C at the dawn of the millennium.

Africans main concern or business is to eat and have self enrichment, the rest is bullshit!
Did you read about the EABL guy who kula'd 240mn? Aristide Nkoumondo, a Cameroonian
http://www.businessdaily...6/-/y8s7tx/-/index.html

Waafrika tumelaaniwa. No wonder Total (K) is kicking them out!


kindly bee keen to review all the facts of the eabl case before maligning anyone.


So what are all the facts?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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