Please rephrase your comment/question/statement.

@miennyma:

If you are asking whether there are more provisions for KPRL...

According to the Annual Report, interviews with Ohana and what was said at the AGM, the answer is NO.

All KPRL amounts due from KPRL have been written off BUT the claims have been lodged with KPRL/GOK.
If there is a settlement/payment then these will be written back and the net amount paid out as a special dividend.

KK (Chairman and Ohana) said that the KPRL claims are very old and they made the balance sheet look better than it really was. It also distorted the debtors analysis.

Kestrel released a report in 2018 that estimated KK's FY 2018 EPS at 2.50 - 2.90 but the introduction VAT will be problematic and can reduce consumption in the short-term as well as increase smuggling and adulteration.

The focus will be on increasing sales and improving the stations but there is no large acquisition in the near future. All acquisitions will be thoroughly analyzed and have to be accretive to earnings.

All subsidiaries are profitable and HQ/Kenya isn't funding/subsidizing any of them but Burundi isn't doing great because of shortage of forex and thus product to sell. Ethiopia is profitable but barely so.

Kenya remains the star. Zambia is doing well and expansion is on the cards.

IMHO, the clean-up was done to get KK ready for sale. Now that Biwott is dead, his heirs may be more interested in the cash than the business. Ohana will make a HUGE bundle (almost $10mn) if KK is sold at 20/-. Why wait to make this over 6 years, if he can get it sold sooner?

Civil Aviation Market Share
KK 55.8%
Gulf 22.4%
Libya Oil 13.3%

Who has the entire presentation? I didn't find it on PIEA's website.

Link to the entire report/pdf? @pesanane?

The multinationals must be taking a hit on the LPG cooking gas market as i see so many new LPG gas companies?

Who owns PRO GAS? All of a sudden it is all over the country.

Number 3 is not bad.The volatile nature of oil prices could be the cause of slump in volumes.Ohanna is doing well and i trust he will steer kk to be the market leader.

Kenol results out. I'm not so impressed... Check kenol twitter handle

This is decent considering current circumstances

I agree with @Madebe. I am not going to sugarcoat it. This is a disappointment given the "positive" vibes given to shareholders during the AGM.

Gross Profits are down 10% despite a 8% growth in volumes.
The growth in sales is simply a matter of increased fuel prices.
The net margins have taken a beating.
The Opex is down but that's a sleight of hand given the non-recurring KPRL expense.
There a +52mn turnaround in forex gains but that is a fickle line item. It's usually a forex loss given the general trend of the KES.
The Finance Charges are up huge given the higher oil prices and volume growth. Borrowings at 10.7bn which is almost +50% YOY.
After accounting for the options awarded to Ohana, the EPS has dipped to 1.065 for 1H which is a far cry from the 2.50 - 2.90 expected for the FY.

No, I am not impressed though I do admit that 1H 2018 has been tough for many firms given the high KES interest rates, increasing LIBOR and general malaise. KK needs to push all the right buttons in 2H to meet the 2.50 target.

2H will be tough with what's going on. I wonder what the hit will be on margins and volumes when VAT is likely to be introduced in September.