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KenolKobil, KPLC or KCB?
Rank: Elder Joined: 7/22/2009 Posts: 7,568
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Nobody talks about CFC anymore. There was a time it was a pet topic here. What happened? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 1/29/2011 Posts: 257
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jerry wrote:[quote=earthvoice]Interesting news - looks rosier for KCB than for KK:
@earthvoice. I didn't understand the PE bit. KK's PE being10 and Total's 19 makes KK better in terms of growth prospects. ama? @jerry: not quite; to use the author's own words, "this means investors are expecting Kenol’s profit to grow by a maximum of 11 per cent compared to 20 per cent for Total." Wasn't quite aware of just how bad KK's litigation woes were; no wonder its share price has stagnated. With no end in sight, the 3K's are now down to two: KPLC or KCB?? "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@earthvoice. Thanx. I think the low KK's PE gives it a chance for capital gains though it may have no real growth prospects. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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MaichBlack wrote:Nobody talks about CFC anymore. There was a time it was a pet topic here. What happened? @ MaichBlack, surely every dog ussually has it's day. Democracy does not belong to the dead
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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MaichBlack wrote:Nobody talks about CFC anymore. There was a time it was a pet topic here. What happened? The delayed listing of the insurance arm may have had an effect GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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jerry wrote:@earthvoice. Thanx. I think the low KK's PE gives it a chance for capital gains though it may have no real growth prospects. jerry, what do you mean by ''no real growth prospects''? The company is on an expansion drive GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@youCan't... It's relative growth in profit when compared to Total. See post #22 above. I've 45% KK in my portfolio and so I see some growth in it. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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KK in Kenya will not survive coming oil shocks... KPLC and KCB will do it for you Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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guru267 wrote:KK in Kenya will not survive coming oil shocks...
KPLC and KCB will do it for you I agree with that assessment. On the other hand I wish I had cash right now to get onto the eabl band wagon at 185/-
BBI will solve it :)
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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According to BD article, oil marketers are expecting more profits last year than in 2009 in spite of the price controls. The higher prices last year resulted in lower volumes and net improved profits for the marketers. KK made a loss of 431M in 2k9 and a profit of more than 1B in first half of 2010. They managed a dividend of KES 0.325 in 2009. What can we expect in results for last yr? The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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Brent up past $100 & expected to go up coz of the Egypt revolt. Awaiting to see how kk is going to safeguard itself from these shocks keeping in mind that as investors what we are buying are simply the future profits. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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2012 wrote: On the other hand I wish I had cash right now to get onto the eabl band wagon at 185/- @2012 how can you go with EABL?? Mututho has guaranteed lower revenues, profits, dividends and shareprice... The guys who were buying at 220 will be burnt for a long time to come... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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EABL will weather the Mututho Laws.They are well diversified and thru Southern sudan they will be able to grow their profits Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I love the uncertainty. Therein lies the big risks and big gains. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ericsson wrote:EABL will weather the Mututho Laws.They are well diversified and thru Southern sudan they will be able to grow their profits Kenya is still their biggest revenue earner so it will take a number of years to replace this with other markets... They must suffer for a number of years if the law remains Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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The reduction in revenue will be compensated by returns in southern.In the short run i.e 1 to 2 years is when they will suffer Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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jerry wrote:According to BD article, oil marketers are expecting more profits last year than in 2009 in spite of the price controls. The higher prices last year resulted in lower volumes and net improved profits for the marketers. KK made a loss of 431M in 2k9 and a profit of more than 1B in first half of 2010. They managed a dividend of KES 0.325 in 2009. What can we expect in results for last yr? I tend to agree with this article,the price control did not stifle the margins the oil marketers were making it actually made the margin higher.Take for instance kerosene ,b4 the price control kerosene was retailing btwn ksh. 58-65 range then the regulator said it should not go beyond ksh 75/= now the marketers are selling kerosene at btwn ksh.70-75 range.I hav not factored the other products,this shows the marketers are making a killing from government regulation. '......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
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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selah wrote:
I tend to agree with this article,the price control did not stifle the margins the oil marketers were making it actually made the margin higher.Take for instance kerosene ,b4 the price control kerosene was retailing btwn ksh. 58-65 range then the regulator said it should not go beyond ksh 75/= now the marketers are selling kerosene at btwn ksh.70-75 range.I hav not factored the other products,this shows the marketers are making a killing from government regulation.
@selah but the margins in diesel and petrol have been hit seriously plus crude oil is rising above 100$... KK must suffer from this but I know their 2010 profits will be good which might take the share price to 14-15 but the CEO's statement on his outlook for 2011 might change this Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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@guru,explain what you mean by margins being hit.On the issue of rising crude, as has been said before,the monthly adjustments as per the ERC formula will take care of that at the pump.
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Rank: Member Joined: 9/19/2010 Posts: 237 Location: Republic of Graham & Doddsville
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jerry wrote:They managed a dividend of KES 0.325 in 2009. What can we expect in results for last yr? Correction, dividend for FY09 was Ksh 3.25 and not as u posted!!! We Will Either Find a Way or Create One - HANNIBAL
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