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Total Kenya FY12 loss widens to KES 202.1M courtesy of Triton Saga
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Fiscal loss, but they pay dividends? Hii pesa itatoka wapi? Come what may the parent must be paid dividends... Or it's an april fools joke... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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What an NSE we have, results posted are missing 1 page >>> https://www.nse.co.ke/listed-com...nya-ltd-end-year-results
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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They also got screwed by forex loss, only not as hard as KK. ... Good they have reduced their sales of assets (read "other income") and increased they investing activities (read cashflow directed to investing activities. .... Cashflow from operations are quite high compared to previous year 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The information from outlook bit, all the way to dividend and AGM info that was missing in the results posted by NSE can be found here >>> http://www4.total.fr/pdf/AMO/Ke...LRESULTSDecember2012.pdf
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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mwekez@ji wrote:They also got screwed by forex loss, only not as hard as KK. ... Good they have reduced their sales of assets (read "other income") and increased they investing activities (read cashflow directed to investing activities. .... Cashflow from operations are quite high compared to previous year Almost if not all Oil local companies(large) were hard hit by the forex loss more so KK which is presumed to have held huge inventory for an extended period. However your opinion @Mwekezaji between the two KK and TKL which would you bet on in the long term! ( Don't seem to get anything from the numbers) Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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SittingPretty wrote:mwekez@ji wrote:They also got screwed by forex loss, only not as hard as KK. ... Good they have reduced their sales of assets (read "other income") and increased they investing activities (read cashflow directed to investing activities. .... Cashflow from operations are quite high compared to previous year Almost if not all Oil local companies(large) were hard hit by the forex loss more so KK which is presumed to have held huge inventory for an extended period. However your opinion @Mwekezaji between the two KK and TKL which would you bet on in the long term! ( Don't seem to get anything from the numbers) I have a preference for KK over the long term coz of its very aggressive management and the regional expansion (these 2 things are deficient in TK). I await KK FY12 results to make a move. If they made good money in H2 2012, then its green light for KK even in the short run. However, if they dint make good money in H2, or worse deliver a loss in the H2, then things will be really bad at the counter over the short run Point to note about TK is that the share price lagged in 2012 in line with the financial performance. 2013, the counter should do well in line with better financial performance. This makes it a good counter to speculate in the short run
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Rank: Member Joined: 7/20/2012 Posts: 141
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Anyone with information on the resolutions passed during the AGM?
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
2. They have issues with ERC and have sued them
3. Profits were eaten by payments related to a triton case
4. Business is promising and the outlook is good
5. Rebranding of stations has started
6. Preferential shares to be redeemed soonest
Among others.....
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Jamani wrote:Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
Haha. They even had time to take a stab at KK?;-) GOD BLESS YOUR LIFE
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Rank: Member Joined: 7/20/2012 Posts: 141
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Jamani wrote:Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
2. They have issues with ERC and have sued them
3. Profits were eaten by payments related to a triton case
4. Business is promising and the outlook is good
5. Rebranding of stations has started
6. Preferential shares to be redeemed soonest
Among others.....
Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks.
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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youcan'tstopusnow wrote:Jamani wrote:Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
Haha. They even had time to take a stab at KK?;-) Kwanza, watoe the log in their eyes! LOL... If you look at the conversion of debt to Preference Shares has saved Total (K) profits from collapsing under huge finance costs. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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youcan'tstopusnow wrote:Jamani wrote:Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
Haha. They even had time to take a stab at KK?;-) And thats the truth, the only truth and nothing but the truth. Its time Sengeman learn KK is a petroleum products selling company and not a 'Pata Potea' hedging casino. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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h2s wrote:Jamani wrote:
6. Preferential shares to be redeemed soonest
Among others.....
Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks. To me, its best. Instead of borrowing expensively, Total Outre Mer 'loaned' Total (K). Have you heard/read the figures been mentioned at KK? 30Billion loans! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 7/20/2012 Posts: 141
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dunkang wrote:h2s wrote:Jamani wrote:
6. Preferential shares to be redeemed soonest
Among others.....
Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks. To me, its best. Instead of borrowing expensively, Total Outre Mer 'loaned' Total (K). Have you heard/read the figures been mentioned at KK? 30Billion loans! If priority is on redeeming does this mean reduced earnings and dividends?
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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h2s wrote:dunkang wrote:h2s wrote:Jamani wrote:
6. Preferential shares to be redeemed soonest
Among others.....
Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks. To me, its best. Instead of borrowing expensively, Total Outre Mer 'loaned' Total (K). Have you heard/read the figures been mentioned at KK? 30Billion loans! If priority is on redeeming does this mean reduced earnings and dividends? Well, Total Outre-Mer provides 'cheap' financing so if the Preference Shares are reduced/redeemed: 1) Increase in financing costs 2) Reduction in PBT/PAT see 1 above Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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h2s wrote:Jamani wrote:Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
2. They have issues with ERC and have sued them
3. Profits were eaten by payments related to a triton case
4. Business is promising and the outlook is good
5. Rebranding of stations has started
6. Preferential shares to be redeemed soonest
Among others.....
Please enlighten us on item no.6, is that good for the ordinary shareholders. I am a newbie. Thanks. http://www.encyclo.co.uk...fine/redeemable%20shares
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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youcan'tstopusnow wrote:Jamani wrote:Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
Haha. They even had time to take a stab at KK?;-) Yes indeed, you can imagine the look on my face when he said that..... I own both and heavily in KK.
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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Jamani wrote:youcan'tstopusnow wrote:Jamani wrote:Nothing out of the ordinary business, but
1. Chairman stated they don't gamble with shareholders money on hedging as others have done.
Haha. They even had time to take a stab at KK?;-) Yes indeed, you can imagine the look on my face when he said that..... I own both and heavily in KK.  They only gamble with folks like Triton & Glencore  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Total Kenya FY12 loss widens to KES 202.1M courtesy of Triton Saga
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