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TOTAL (K) 3rd Quarter 2012 Results
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dunkang
#1 Posted : Wednesday, November 28, 2012 12:38:06 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Total Kenya financial results for the period ended
September 30, 2012:

PAT -243,643,000 against 69,475,000 in 2011.

Management still crying ERC formulae is faultyb
Some more tenders won in the third quarter, so loses may easen up.
Receive with simplicity everything that happens to you.” ― Rashi

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jerry
#2 Posted : Wednesday, November 28, 2012 2:16:51 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
dunkang wrote:
Total Kenya financial results for the period ended
September 30, 2012:

PAT -243,643,000 against 69,475,000 in 2011.

Management still crying ERC formulae is faultyb
Some more tenders won in the third quarter, so loses may easen up.

@dunkang, is it minus 243,643,000 or plus?
The opposite of courage is not cowardice, it's conformity.
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jerry
#3 Posted : Wednesday, November 28, 2012 2:18:42 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Rink!?
The opposite of courage is not cowardice, it's conformity.
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cnn
#4 Posted : Wednesday, November 28, 2012 2:24:28 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
jerry wrote:
Rink!?

In today's Nation...the oil industry is tough in this country.
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hisah
#5 Posted : Wednesday, November 28, 2012 2:31:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
cnn wrote:
jerry wrote:
Rink!?

In today's Nation...the oil industry is tough in this country.


http://www.rich.co.ke/me.../TOTAL%20KENYA%20LTD.PDF
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#6 Posted : Wednesday, November 28, 2012 2:33:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
jerry wrote:
dunkang wrote:
Total Kenya financial results for the period ended
September 30, 2012:

PAT -243,643,000 against 69,475,000 in 2011.

Management still crying ERC formulae is faultyb
Some more tenders won in the third quarter, so loses may easen up.

@dunkang, is it minus 243,643,000 or plus?

(243,643,000) -> negative -> loss -> PAT.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Jamani
#7 Posted : Wednesday, November 28, 2012 2:44:40 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Here is the Link
cnn wrote:
jerry wrote:
Rink!?

In today's Nation...the oil industry is tough in this country.
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sparkly
#8 Posted : Wednesday, November 28, 2012 6:11:14 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
The future of oil is .... This is why the Multinationals pulled out, because it is more profitable to drill for oil and LNG in North America:


http://pro.stansberryres...m/1210THIRDLIA/LPSINBEV/
Life is short. Live passionately.
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VituVingiSana
#9 Posted : Wednesday, November 28, 2012 9:03:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Price controls whereas 'good' for consumers in the short-term creates problems in the long-term as competition dies out & concentrates power in fewer players. Will firms invest in additional capacity, storage or distribution if they can't make ends meet? No.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#10 Posted : Wednesday, November 28, 2012 9:28:38 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Encouraging results from Total, KK must be doing great in H2 2012.
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