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Total Kenya profit falls by 96%
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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LINK: Today's Newspaper (Reuters) - Fuel marketer Total Kenya posted a 96 percent drop in full-year profit to 58 million shillings ($697,700), and blamed a weakening Kenyan shilling against the dollar, inflation and price caps introduced in the sector in December 2010. Total Kenya said in a statement published in newspapers on Wednesday that cost of sales rose by 49 percent during the year, but the company was unable to pass on these costs to the consumer as a result of the price controls. Inflation and a weaker shilling also added to operating costs, the firm said. Total Kenya said it would not pay a dividend for the year. Am finished! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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I thought Total made a loss of Sh71.4 million loss for the full year ended Dec 2011, The loss is down from the Sh916 million net profit the company made in the previous year "..I am because we are. "― Ubuntu, Umtu,
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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once upon a time they used to pay 2.50 dividend now they struggle with finance costs up 63% @dunkang cut your losses and run
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mkonomtupu wrote:once upon a time ..... @dunkang cut your losses and run @Empty Handed, its only 1.46% in my current portfolio. So, i will just hold on, waiting for a miracle from Turkana Oil Fields in 2015. @GGK, i think this reuters reported PBT. Am not sure though. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I hope it can slide to 10 levels  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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dunkang wrote:mkonomtupu wrote:once upon a time ..... @dunkang cut your losses and run @Empty Handed, its only 1.46% in my current portfolio. So, i will just hold on, waiting for a miracle from Turkana Oil Fields in 2015. @GGK, i think this reuters reported PBT. Am not sure though. on Business Daily Africa, they are reporting a loss of 71 million, Which I doubt can be oz of taxes. If PBT is 0Ksh, PAT will be 0Ksh I thought "..I am because we are. "― Ubuntu, Umtu,
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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From Reuters, here is the Link: http://af.reuters.com/ar...s/idAFN6E8CQ01V20120328
From Business Daily, here is the Link: http://www.businessdaily.../-/hhc48kz/-/index.html
Wangwana, nini hii? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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And to imagine some were critiquing kenol kobil s results . I hope now people understand the phenomenal achievement for kk in 2011. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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total used to have the highest dividend yield awhile back. it seems the chevron deal hit hard I may be wrong..but then I could be right
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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And here comes the official report; http://www.nse.co.ke/med...-year-ended-dec-31-2011
What a shame! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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There is something terribly wrong with this company last year might have been tough but there numbers are appaling to say the least...but i believe there will be a reversal on this going forward. possunt quia posse videntur
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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TOTAL KENYA LIMITED PUBLIC ANNOUNCEMENT TOTAL KENYA LIMITED (the ' company') hereby GIVES NOTICE that TOTAL S.A., has undertaken an intern... ..... By order of the Board 2 April 2012 See page 46 of today's Daily Nation (Tuesday April 3, 2012) Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@dunkang, sounds like they want to retrench big time.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Gordon Gekko wrote:@dunkang, sounds like they want to retrench big time. and the orders are coming from Paris. Hoping this will help make the pathetic results look better! As you will remember OPEX had increased by 12%! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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maka wrote:but i believe there will be a reversal on this going forward. This can never come to pass.. If 2011 was so tough why did KK announce a 3.5 billion profit and yet 65% of its earnings are from the Kenyan market... A bad company will always be a bad company no matter the environment... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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guru267 wrote:maka wrote:but i believe there will be a reversal on this going forward. This can never come to pass.. If 2011 was so tough why did KK announce a 3.5 billion profit and yet 65% of its earnings are from the Kenyan market... A bad company will always be a bad company no matter the environment... They did beat KK in one area..managing forex losses.Had KK done as well we would have seen EPS come in at 3 bob and higher final dividend.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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cnn, could we term that a peril of operating in multiple markets, or do you think KK could be doing much better on that front regardless? GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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youcan'tstopusnow wrote:cnn, could we term that a peril of operating in multiple markets, or do you think KK could be doing much better on that front regardless? I think they did mention despite fluctuations across the markets ,it is the Kenyan one that hit them really hard,the same one that Total operates in...but i trust the management to know and do better going forward,the competition has shown there is a way.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I once said that the share prices of KK and TOTAL will switch. It's going to happen. now total at 13.20 would you believe? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Aguytrying wrote:I once said that the share prices of KK and TOTAL will switch. It's going to happen. now total at 13.20 would you believe? I also can't believe it! Especially knowing that Total has 23% Kenyan market share (kk definitely has lesser share even NOW!) and kk has almost 8.5 times more floated shares than total (1,471,760,000 compared to 175,060,000)! Seriously, if KK is rightfully worth 12/-, Total should be at least 50 something/-. Receive with simplicity everything that happens to you.” ― Rashi
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