thats a big fish bailing out

It is too early to celebrate! There is no profound support to propel this stock forward. Maybe mid 2016.

myStocks has 9.55 for that block.

I doubt it will stay at 9.55 as other sellers come into the market but IMHO (& biased) opinion, it is worth a lot more than 9.55 as the good results for 2015 filter through.

The current Brent oil prices are trending down [sub-40] and now that the USA has allowed exports of oil products the WTI-Brent margin is now minimal. The lifting on the ban on exports should allow the US to be a more effective swing producer.

What does this mean for Kenya & KK?

Barring any crazy volatility due to war/attacks in the Middle East oil prices will remain low.

1) Reduction in financing costs. Same volume = lower amount of loans/financing
2) Volume growth. Lower fuel prices means more folks travel.
3) Better margins. 6/- on 80/- is better than 6/- on 120/-.

Better days [ceteris paribus] are coming.

*Real Estate types. What's the value of 1 acre in CBD along Haile Selassie/Uhuru Highway?*

Let's say 1 acre is 50% of what @streetwise says it is = 1bn for 1 acre at the corner of Haile Selassie and Uhuru Highway.

KK has 1.5bn shares so a 'revaluation' of that plot [as would happen when the zoning is changed or a new use e.g. office building comes up] adds KES 0.66 to the NAV.

I have seen multiple plots in Nairobi & Mombasa that KK owns and can be considered 'prime' locations. KK does not revalue properties on their books on a regular basis like C&G or Williamson but I believe there is value hidden in plain sight.

In other words, what's the break-up value of KK?

* http://www.businessdaily...4/-/9snfac/-/index.html *

JKUAT bought 163,788sf [gross lettable space] on 0.674 acres for KES 1.85bn. That's land with a large building. I wish I could get a better idea on the value of the Haile Selassie piece!

Tell them brother