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The KenolKobil 2015 pendulum
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Spikes
#781 Posted : Monday, May 16, 2016 3:12:14 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mlennyma wrote:
Realtreaty wrote:
KK closes their books. Time to look for more. Next year results scheduled to come early March and decision to build the tower will rise again after August General Elections.

let's see whether this books have any effect tomorrow .spikes dreams of 8bob



You can see a galaxy of reds today. It will drown give it time.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Aguytrying
#782 Posted : Monday, May 16, 2016 6:04:35 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Spikes wrote:
mlennyma wrote:
Realtreaty wrote:
KK closes their books. Time to look for more. Next year results scheduled to come early March and decision to build the tower will rise again after August General Elections.

let's see whether this books have any effect tomorrow .spikes dreams of 8bob



You can see a galaxy of reds today. It will drown give it time.


I have been smelling sub 10 since the resistance at 11
The investor's chief problem - and even his worst enemy - is likely to be himself
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PKoli
#783 Posted : Monday, May 16, 2016 10:33:06 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Aguytrying wrote:
Spikes wrote:
mlennyma wrote:
Realtreaty wrote:
KK closes their books. Time to look for more. Next year results scheduled to come early March and decision to build the tower will rise again after August General Elections.

let's see whether this books have any effect tomorrow .spikes dreams of 8bob



You can see a galaxy of reds today. It will drown give it time.


I have been smelling sub 10 since the resistance at 11

@Aguy,

That will be very juicy for KK. Let's see how it behaves tomorrow. Me thinks we will have a minor dip followed by price recovery to circa 11
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stockshunter
#784 Posted : Sunday, May 22, 2016 11:50:12 AM
Rank: Member

Joined: 1/16/2014
Posts: 114
Security KenolKobil 11/Mar/16 price 10.65 18/Mar/16 price11.40 Weekly Change 7.04% Trailing PAT (KES Mn) 2,014 Trailing P/E 8.33 DPS 0.35 Yield 3.07% Commentary Impressive 85 percent rise in profit after tax to KES 2.01 billion. This is one of the best ever performances for KenolKobil. Share price has been on a steady appreciation KenolKobil The is currently trading at 3 year company curve. highs. is also expected to be debt free by June 2016. source SBG securities


just looking at my old emails and something caught my attention the last bit that KK will be debt free. could it mean that suitors will now have no problems with uncles ( read, banks and other creditors) and she may be mature enough to leave her mothers house ( read, NSE)? just wondering.
fear makes people live a miserable life.
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VituVingiSana
#785 Posted : Sunday, May 22, 2016 6:44:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
The rise in oil prices from $30 to $50 may mean it will take KK longer to become debt-free. Furthermore, KK has started participating in OTS tenders so KK will have to take on debt to bring in cargoes.

That said, the overall debt should reduce as a % of assets. I would say 'debt-free' is more likely towards Dec 2016 than June 2016.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Spikes
#786 Posted : Sunday, May 22, 2016 8:05:05 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
VituVingiSana wrote:
The rise in oil prices from $30 to $50 may mean it will take KK longer to become debt-free. Furthermore, KK has started participating in OTS tenders so KK will have to take on debt to bring in cargoes.

That said, the overall debt should reduce as a % of assets. I would say 'debt-free' is more likely towards Dec 2016 than June 2016.



Global oil price is so stochastic making it difficult to know when to declare KK debt free . As the things stand 8/- is the downtrend limit!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Sunday, May 22, 2016 8:10 PM | Reason: Not specified
VituVingiSana
#787 Posted : Sunday, May 22, 2016 8:37:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Spikes wrote:
VituVingiSana wrote:
The rise in oil prices from $30 to $50 may mean it will take KK longer to become debt-free. Furthermore, KK has started participating in OTS tenders so KK will have to take on debt to bring in cargoes.

That said, the overall debt should reduce as a % of assets. I would say 'debt-free' is more likely towards Dec 2016 than June 2016.



Global oil price is so stochastic making it difficult to know when to declare KK debt free . As the things stand 8/- is the downtrend limit!

I would happily buy at 8/- (debt-free or not) coz the margins are somewhat protected thanks to ERC. Ohana said they don't 'gamble' on price trends i.e. they are not hoarding/storing fuel for sale.

Of course, this means when prices rise, KK doesn't make out-sized gains [this means KK may even lose money at times] but nor do they lose money when prices fall.

Overall, I am confident KK will do well in 2016. I estimate 1.15 for 1H thanks to outsized margins in 1Q. Then 85 cents [ceteris paribus] in 2H for 2/- for FY 2016.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#788 Posted : Monday, May 23, 2016 12:13:44 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
VituVingiSana wrote:
The rise in oil prices from $30 to $50 may mean it will take KK longer to become debt-free. Furthermore, KK has started participating in OTS tenders so KK will have to take on debt to bring in cargoes.

That said, the overall debt should reduce as a % of assets. I would say 'debt-free' is more likely towards Dec 2016 than June 2016.

how comes the OTS has now become high margin business for kk again or they didn't have money before
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#789 Posted : Monday, May 23, 2016 1:16:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
mlennyma wrote:
VituVingiSana wrote:
The rise in oil prices from $30 to $50 may mean it will take KK longer to become debt-free. Furthermore, KK has started participating in OTS tenders so KK will have to take on debt to bring in cargoes.

That said, the overall debt should reduce as a % of assets. I would say 'debt-free' is more likely towards Dec 2016 than June 2016.

how comes the OTS has now become high margin business for kk again or they didn't have money before

It is a LOW MARGIN business but HUGE volumes with guaranteed sales/payments. One can and should only do it if one has access to CHEAP financing and good buying/pricing power.

KK has connections with the large traders.
KK has access to (cheap) financing.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Realtreaty
#790 Posted : Monday, May 23, 2016 3:53:55 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
Laughing out loudly Laughing out loudly
Tunakunywa mafuta wapi??
Kenol-Kobil
The equation is balanced!!!!
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