@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?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett