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KenolKobil HY 2016 ebitda +5.9%, net profit +29.5%
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mlennyma
#1 Posted : Thursday, August 04, 2016 3:17:17 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
http://af.reuters.com/ar.../kenyaNews/idAFFWN1AL0LI
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#2 Posted : Thursday, August 04, 2016 3:18:59 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
mlennyma wrote:
http://af.reuters.com/article/kenyaNews/idAFFWN1AL0LI

Applause Applause Applause Applause smile smile
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#3 Posted : Thursday, August 04, 2016 3:33:29 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
KK took a 400mn provision in 1H for KPRL manenos. And yet managed 1H 2016 PBT of 1.73 billion shillings versus 1.35 billion shillings year ago. I had estimated 2016 EPS of 2/- but it may fall short by Shs 0.20 = 1.80 coz of the provision. I can live with that.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#4 Posted : Thursday, August 04, 2016 3:43:45 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
KK took a 400mn provision in 1H for KPRL manenos. And yet managed 1H 2016 PBT of 1.73 billion shillings versus 1.35 billion shillings year ago. I had estimated 2016 EPS of 2/- but it may fall short by Shs 0.20 = 1.80 coz of the provision. I can live with that.


amazing performance. It continues to surprise
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#5 Posted : Thursday, August 04, 2016 3:52:26 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Aguytrying wrote:
VituVingiSana wrote:
KK took a 400mn provision in 1H for KPRL manenos. And yet managed 1H 2016 PBT of 1.73 billion shillings versus 1.35 billion shillings year ago. I had estimated 2016 EPS of 2/- but it may fall short by Shs 0.20 = 1.80 coz of the provision. I can live with that.


amazing performance. It continues to surprise

fattening day by day
"Don't let the fear of losing be greater than the excitement of winning."
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Pesa Nane
#6 Posted : Thursday, August 04, 2016 5:54:09 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Applause Applause Applause
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#7 Posted : Thursday, August 04, 2016 6:04:19 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Applause Applause Applause

Interim Dividend = Ksh. 0.15 (150% 2015 interim) smile
Register close: 26 August 2016 smile Interim chap chap
Payable: 30 September 2016
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#8 Posted : Thursday, August 04, 2016 6:21:28 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Take Aways;

1H16 PAT up +30%
1H16 net profit = Ksh. 1.19 Billion Vs 918 million
Gross margin an impressive 9.4% Vs 7.5%
Impairment provision of Ksh. 400 million against KPRL yield shift exposure
Finance costs tamed by a 74% margin (reduced borrowing, better inventory management)
Net forex gain Ksh. 39 million Vs (155 million) loss
Healthy ratios at 1.33 Vs 1.24 at FY15
Shareholder funds jumped to Ksh. 9.25 Billion Vs 8.55 Billion at FY15
Improved gearing ratio of 28.8%




Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann
#9 Posted : Thursday, August 04, 2016 6:32:29 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Been laughing in Safaricom thread, it is my turn to cry 😢 on KK.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Aguytrying
#10 Posted : Thursday, August 04, 2016 6:32:44 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Pesa Nane wrote:
Take Aways;

1H16 PAT up +30%
1H16 net profit = Ksh. 1.19 Billion Vs 918 million
Gross margin an impressive 9.4% Vs 7.5%
Impairment provision of Ksh. 400 million against KPRL yield shift exposure
Finance costs tamed by a 74% margin (reduced borrowing, better inventory management)
Net forex gain Ksh. 39 million Vs (155 million) loss
Healthy ratios at 1.33 Vs 1.24 at FY15
Shareholder funds jumped to Ksh. 9.25 Billion Vs 8.55 Billion at FY15
Improved gearing ratio of 28.8%






If KK was my wife I would PROPOSE again, Applause Applause Applause Applause

NO wonder the heavy volumes traded recently.

I love the way expenses are being managed tightly and that lovely drop of finance costs. Oh that's the game changer. Shareholders funds recovering all the time since the disastrous 2012 hedging period. What more can I say.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#11 Posted : Thursday, August 04, 2016 6:43:11 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
mlennyma wrote:
http://af.reuters.com/article/kenyaNews/idAFFWN1AL0LI

Applause Applause Applause Applause smile smile

Bid pressure has been hinting this year smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#12 Posted : Thursday, August 04, 2016 7:06:20 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
What does the yeild shift impairment mean? Do we owe KPRL or its a matter in court??
The investor's chief problem - and even his worst enemy - is likely to be himself
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maka
#13 Posted : Thursday, August 04, 2016 7:06:39 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Aguytrying wrote:
Pesa Nane wrote:
Take Aways;

1H16 PAT up +30%
1H16 net profit = Ksh. 1.19 Billion Vs 918 million
Gross margin an impressive 9.4% Vs 7.5%
Impairment provision of Ksh. 400 million against KPRL yield shift exposure
Finance costs tamed by a 74% margin (reduced borrowing, better inventory management)
Net forex gain Ksh. 39 million Vs (155 million) loss
Healthy ratios at 1.33 Vs 1.24 at FY15
Shareholder funds jumped to Ksh. 9.25 Billion Vs 8.55 Billion at FY15
Improved gearing ratio of 28.8%






If KK was my wife I would PROPOSE again, Applause Applause Applause Applause

NO wonder the heavy volumes traded recently.

I love the way expenses are being managed tightly and that lovely drop of finance costs. Oh that's the game changer. Shareholders funds recovering all the time since the disastrous 2012 hedging period. What more can I say.


Loan to KQ...the KK CEO for 5 years....the idiot there is incompetent
possunt quia posse videntur
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murchr
#14 Posted : Thursday, August 04, 2016 7:18:43 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Good set of results but sales down again?
"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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Pesa Nane
#15 Posted : Thursday, August 04, 2016 9:10:00 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
murchr wrote:
Good set of results but sales down again?

-Depressed oil prices (volume was up +23%)
-Management focus on high yield segments
Pesa Nane plans to be shilingi when he grows up.
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murchr
#16 Posted : Thursday, August 04, 2016 9:52:23 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Pesa Nane wrote:
murchr wrote:
Good set of results but sales down again?

-Depressed oil prices (volume was up +23%)
-Management focus on high yield segments


Great thanks
"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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mulla
#17 Posted : Thursday, August 04, 2016 10:54:43 PM
Rank: Member


Joined: 6/15/2013
Posts: 301
maka wrote:
Aguytrying wrote:
Pesa Nane wrote:
Take Aways;

1H16 PAT up +30%
1H16 net profit = Ksh. 1.19 Billion Vs 918 million
Gross margin an impressive 9.4% Vs 7.5%
Impairment provision of Ksh. 400 million against KPRL yield shift exposure
Finance costs tamed by a 74% margin (reduced borrowing, better inventory management)
Net forex gain Ksh. 39 million Vs (155 million) loss
Healthy ratios at 1.33 Vs 1.24 at FY15
Shareholder funds jumped to Ksh. 9.25 Billion Vs 8.55 Billion at FY15
Improved gearing ratio of 28.8%






If KK was my wife I would PROPOSE again, Applause Applause Applause Applause

NO wonder the heavy volumes traded recently.

I love the way expenses are being managed tightly and that lovely drop of finance costs. Oh that's the game changer. Shareholders funds recovering all the time since the disastrous 2012 hedging period. What more can I say.


Loan to KQ...the KK CEO for 5 years....the idiot there is incompetent


wewe.....as shareholder i don't entertain that thought...let our sown seeds bear fruit first....
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enyands
#18 Posted : Thursday, August 04, 2016 10:57:31 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Angelica _ann wrote:
Been laughing in Safaricom thread, it is my turn to cry 😢 on KK.



This are good results on kk ,why are you crying when there is good news ??
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VituVingiSana
#19 Posted : Friday, August 05, 2016 12:10:56 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Pesa Nane wrote:
murchr wrote:
Good set of results but sales down again?

-Depressed oil prices (volume was up +23%)
-Management focus on high yield segments

Yep, volumes not revenue is more important in this business.
It's generally more profitable for KK to sell 10mn liters at 100 = 1000mn (sales) than 5mn liters at 200 = 1000mn (sales).

Though the +23% volume sales may include lower margin products or OTS sales.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cornelius Vanderbilt
#20 Posted : Friday, August 05, 2016 2:20:39 AM
Rank: Member


Joined: 8/15/2015
Posts: 817
and with such good news the stock still manages to close unchanged.wow.the power of a bear market
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