wazua Sun, Mar 22, 2026
Welcome Guest Search | Active Topics | Log In

26 Pages«<1718192021>»
Kenol Kobil deal off!
Options
Previous Topic · Next Topic
hisah
#181 Posted : Wednesday, July 17, 2013 9:40:06 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
the deal wrote:
@hisah Kenol will not go below 7bob even if H1 2013 earnings dissapoints...people are expecting the Company to collapse...the headlines have been too bearish...any good news going forward will send the stock surging...in the 2011 bear run if my portfolio wasnt heavily skewed to KK...I will have suffered heavy paper losses...let everything rally...I will exit my other positions and take a heavy position on KK in anticipation for a buy out...every market event is an opportunity...it depends on how you view it...and I fully support the board for delaying the sell....let them create or unlock value first...then invite the highest bidder...in the next 2-3 years there will be a bear run at the NSE....and if the takeover is sealed at that time...KK will have many groupies....

I agree with the management plans as well as the bear mood. But I don't agree kk will not go below 7. I'd rather wait for the trend to shift than catch a falling knife.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
the deal
#182 Posted : Wednesday, July 17, 2013 10:23:56 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hisah wrote:
the deal wrote:
@hisah Kenol will not go below 7bob even if H1 2013 earnings dissapoints...people are expecting the Company to collapse...the headlines have been too bearish...any good news going forward will send the stock surging...in the 2011 bear run if my portfolio wasnt heavily skewed to KK...I will have suffered heavy paper losses...let everything rally...I will exit my other positions and take a heavy position on KK in anticipation for a buy out...every market event is an opportunity...it depends on how you view it...and I fully support the board for delaying the sell....let them create or unlock value first...then invite the highest bidder...in the next 2-3 years there will be a bear run at the NSE....and if the takeover is sealed at that time...KK will have many groupies....

I agree with the management plans as well as the bear mood. But I don't agree kk will not go below 7. I'd rather wait for the trend to shift than catch a falling knife.

Well in this business one can not say never...who knows you might be lucky and get 5bob smile....

Btwn have you seen how foreigners are quick to sell ermeging and frontier markets with each slight improvement of the U.S economy...in June yields on African eurobonds spiked...stocks were sold...its obvious the eurozone or the U.S economy will eventually improve...so what happens to African assets when foreigners eventually go home?
Back to top
  | | Edit by user: Wednesday, July 17, 2013 10:29 AM | Reason: Not specified
mwekez@ji
#183 Posted : Wednesday, July 17, 2013 5:28:32 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
FUNKY wrote:
http://www.theeastafrican.co.ke/news/KenolKobil-puts-assets-up-for-sale-to-settle-debt--/-/2558/1913706/-/clkhfiz/-/index.html


Rich on this matter wrote:
I still believe that KenolKobil was an incredibly neat Fit for Puma Energy. And furthermore, I thought The Owners would have happily exchanged their shares in KenolKobil for shares in the enlarged Puma Energy.

The Journey back is going to be bumpy and more stretched out, in my view.
Back to top
  |
omwansa
#184 Posted : Wednesday, July 17, 2013 6:54:56 PM
Rank: Hello

Joined: 7/17/2013
Posts: 1
I lack the nerves to purchase shares in a company making billions of losses
Back to top
  |
King G
#185 Posted : Wednesday, July 17, 2013 8:51:47 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
omwansa wrote:
I lack the nerves to purchase shares in a company making billions of losses


Karibu boss. There is what is called risk averse, who fall squarely there.
Thieves
Back to top
  |
musonw
#186 Posted : Thursday, July 18, 2013 11:16:29 AM
Rank: Hello

Joined: 7/4/2013
Posts: 2
jmbada wrote:
musonw wrote:
[quote=Afroblk]KenolKobil now selling assets! This is not good at all. Kisumu depot is one of their important depots for that region.

http://www.theeastafrica...0/-/287gw7/-/index.html[/quote]

The Depots for sale are storage not fuel depots. Not essential for business. The Kisumu terminal in KPC will be retained, its vital for their export business.

Pardon my ignorance, but what does that mean? Is Kenol importing crude to store in these depots? If not, then they are storing refined crude, popularly known as fuel. Unless they are storing other commodities such as grain?


It means that it was a warehouse for storage of non-fuel products. Whether maize or beans, its still a non-core asset. The only fuel depot for sale is in Sagana, and that's because the Mt. Kenya region can sufficiently be supplied by the depot in Nairobi. The Sagana depot was fed by trucks anyway and is not connected to the KPC so selling it off will have insignificant effects. I don't think any depots connected to KPC will be affected. Haya mambo yamefikiriwa... story in East African implies its haphazard but I don't think so.
Back to top
  |
selah
#187 Posted : Thursday, July 18, 2013 11:28:57 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
musonw wrote:
jmbada wrote:
musonw wrote:
[quote=Afroblk]KenolKobil now selling assets! This is not good at all. Kisumu depot is one of their important depots for that region.

http://www.theeastafrica...0/-/287gw7/-/index.html[/quote]

The Depots for sale are storage not fuel depots. Not essential for business. The Kisumu terminal in KPC will be retained, its vital for their export business.

Pardon my ignorance, but what does that mean? Is Kenol importing crude to store in these depots? If not, then they are storing refined crude, popularly known as fuel. Unless they are storing other commodities such as grain?


It means that it was a warehouse for storage of non-fuel products. Whether maize or beans, its still a non-core asset. The only fuel depot for sale is in Sagana, and that's because the Mt. Kenya region can sufficiently be supplied by the depot in Nairobi. The Sagana depot was fed by trucks anyway and is not connected to the KPC so selling it off will have insignificant effects. I don't think any depots connected to KPC will be affected. Haya mambo yamefikiriwa... story in East African implies its haphazard but I don't think so.


I think the selling of the depots is in line with KK latest strategy of inventory management.

There is a change in how they used to control inventory...if you look at their FY report you will see a considerable reduction in Inventory which means the business of storing fuel is over....It is also risky to store fuel due to the price control.Thats my layman understanding of the issue.smile
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Back to top
  |
Jamani
#188 Posted : Friday, July 19, 2013 9:53:21 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
selah wrote:
musonw wrote:
jmbada wrote:
musonw wrote:
[quote=Afroblk]KenolKobil now selling assets! This is not good at all. Kisumu depot is one of their important depots for that region.

http://www.theeastafrica...0/-/287gw7/-/index.html[/quote]

The Depots for sale are storage not fuel depots. Not essential for business. The Kisumu terminal in KPC will be retained, its vital for their export business.

Pardon my ignorance, but what does that mean? Is Kenol importing crude to store in these depots? If not, then they are storing refined crude, popularly known as fuel. Unless they are storing other commodities such as grain?


It means that it was a warehouse for storage of non-fuel products. Whether maize or beans, its still a non-core asset. The only fuel depot for sale is in Sagana, and that's because the Mt. Kenya region can sufficiently be supplied by the depot in Nairobi. The Sagana depot was fed by trucks anyway and is not connected to the KPC so selling it off will have insignificant effects. I don't think any depots connected to KPC will be affected. Haya mambo yamefikiriwa... story in East African implies its haphazard but I don't think so.


I think the selling of the depots is in line with KK latest strategy of inventory management.

There is a change in how they used to control inventory...if you look at their FY report you will see a considerable reduction in Inventory which means the business of storing fuel is over....It is also risky to store fuel due to the price control.Thats my layman understanding of the issue.smile


It could also be that during the negotiations with Puma, the depots although valued highly by Kenol, Puma disregard them hence part of the fall out. Kenol could have learned that selling depots separately makes economic sense and this leads to the start of preparation for sale Kenol in 2 years Of course not forgetting their financial predicaments.
I look at events that affected Accesskenya though not similar to Kenol but there is a pattern.
Back to top
  |
mwekez@ji
#189 Posted : Friday, July 19, 2013 10:11:52 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Back to top
  |
Cde Monomotapa
#190 Posted : Friday, July 19, 2013 10:36:27 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mwekez@ji wrote:
KK agrees to pay refinery Sh1.2bn

1.7-1.2=500M working cap. perhaps?
Back to top
  |
26 Pages«<1718192021>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.