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Total Kenya profit falls by 96%
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maka
#11 Posted : Friday, March 30, 2012 10:08:47 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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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dunkang
#12 Posted : Tuesday, April 03, 2012 12:18:59 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
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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Gordon Gekko
#13 Posted : Tuesday, April 03, 2012 1:28:53 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@dunkang, sounds like they want to retrench big time.
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dunkang
#14 Posted : Tuesday, April 03, 2012 2:10:14 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
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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guru267
#15 Posted : Tuesday, April 03, 2012 7:02:41 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
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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cnn
#16 Posted : Tuesday, April 03, 2012 7:40:51 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
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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youcan'tstopusnow
#17 Posted : Tuesday, April 03, 2012 7:46:59 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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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cnn
#18 Posted : Tuesday, April 03, 2012 7:54:24 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
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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Aguytrying
#19 Posted : Tuesday, April 03, 2012 9:38:35 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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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dunkang
#20 Posted : Tuesday, April 03, 2012 10:31:37 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
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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