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KenolKobil 1H13 swings into profit after tax of 147M
Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Cde Monomotapa wrote:the deal wrote:VituVingiSana wrote:the deal wrote:Below expectations....it looks like a long road to full recovery....  What expectations? I was expecting a modest loss to breakeven at best for the PAT for 1H. A profit is a huge improvement. Why expect a loss? I was expecting a profit...a loss could have been terrible...still that ka profit is nothing to be proud about....think about it! Lets see what happens to the share price...considering an exit here.... To get out a hole, you must climb out a hole. Thus, climbing out a 4B hole to 140M above surface should be reasonably appealing. I agree, it's reasonably appealing.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Jamani wrote:Cde Monomotapa wrote:the deal wrote:VituVingiSana wrote:the deal wrote:Below expectations....it looks like a long road to full recovery.... What expectations? I was expecting a modest loss to breakeven at best for the PAT for 1H. A profit is a huge improvement. Why expect a loss? I was expecting a profit...a loss could have been terrible...still that ka profit is nothing to be proud about....think about it! Lets see what happens to the share price...considering an exit here.... To get out a hole, you must climb out a hole. Thus, climbing out a 4B hole to 140M above surface should be reasonably appealing. I agree, it's reasonably appealing. Above Expectations >Gross profit is up 28% to KES 2.3B. Now to work on expenses >Operations generated good cashflow, KES 2.8B
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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A good investor...should be asking why am I planning to exit?
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Rank: Chief Joined: 1/3/2007 Posts: 18,229 Location: Nairobi
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Sale of non-core assets, reduction of inventory, reduction/repayment of debt should reduce finance costs in 2H... And a settlement with KPRL & probably KPC should gussy it up for sale in 2014... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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VituVingiSana wrote:Sale of non-core assets, reduction of inventory, reduction/repayment of debt should reduce finance costs in 2H... And a settlement with KPRL & probably KPC should gussy it up for sale in 2014... Re-admission to OTS and the proposed compensation of yield-losses.
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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By every sense of the words, above expectations.
If EABL's PAT is down 37%,StanChart down and a myriad of companies are doing less than 6%,with all that KK has been through,these are good results.
If oil marketers get to be compensated by kprl,that will be a bonus.
I'm staying put.
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Rank: Member Joined: 4/25/2012 Posts: 110
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Aguytrying wrote:wow. I'm impressed, I didn't expect a profit.
those asking for a dividend....shame on you, company is barely back to its feet and u want to milk it dry.
can't bd use another pic for kk stories   When I buy a company's shares I expect the management to act the way I would act in case I was in at the helm of decision making and I owned all the shares. I this case I would take all the profits back to the business. So, those calling for dividends please stay calm. There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/3/2007 Posts: 18,229 Location: Nairobi
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Cde Monomotapa wrote:VituVingiSana wrote:Sale of non-core assets, reduction of inventory, reduction/repayment of debt should reduce finance costs in 2H... And a settlement with KPRL & probably KPC should gussy it up for sale in 2014... Re-admission to OTS and the proposed compensation of yield-losses. Hidden Gem that one  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/29/2011 Posts: 257
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the deal wrote:A good investor...should be asking why am I planning to exit? @deal, why are you planning to exit??? "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: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! All of it is from core business (100%)!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:dunkang wrote:cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! All of it is from core business (100%)! And the decline in revenue was deliberate to achieve improved gross margins. It worked well.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwekez@ji wrote:dunkang wrote:cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! All of it is from core business (100%)! Didn't they sell properties? Ama that money is not yet in! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:mwekez@ji wrote:dunkang wrote:cnn wrote:Revenue down to 62 billion from 103 billion. How much (what percentage) of this revenue is from core business! All of it is from core business (100%)! Didn't they sell properties? Ama that money is not yet in! There is no indication from Income Statement, Balance Sheet, Cashflow Statement and Management Commentary that they sold any of the idle assets in 1H13.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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earthvoice wrote:the deal wrote:A good investor...should be asking why am I planning to exit? @deal, why are you planning to exit??? Well the oil biz is tricky especially in a price control enviro...this year things can be good...the following year things can be bad...if you get the price of your inventories wrong...then you are in trouble...ERC will not care...getting the price of your inventories right can be tricky...since oil prices are influenced by many factors...I now understand the biz better...so I think me exiting or reducing my exposure is the best thing...let me break even then I offload.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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BUY - A Year of Recovery via @GenghisCapital
BUY – Improving margins via @OldMutual
BUY - via @StandardInvestmentBank
BUY - via @KestrelCapital
BUY – via @ManyWazuans
SELL – via @the deal
…. the choice is all yours. all the very best
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:BUY - A Year of Recovery via @GenghisCapital
BUY – Improving margins via @OldMutual
BUY - via @StandardInvestmentBank
BUY - via @KestrelCapital
BUY – via @ManyWazuans
SELL – via @the deal
…. the choice is all yours. all the very best
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Rank: Member Joined: 2/8/2007 Posts: 808
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The only thing that will stop them from issuing a divy is because they need to reorganize their working capital to have much more equity than debt because of their high churn and high rates which makes the debt yield equity like returns. By halving the debt facility using land that is sitting in the balance sheet at cost, shareholders could easily gain between 500 - 1billion in addtional earnings from savings in finance costs.
I see KK with a very stellar set of results in 2013 and very handsome dividends paid in 2014 onwards.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:BUY - A Year of Recovery via @GenghisCapital
BUY – Improving margins via @OldMutual
BUY - via @StandardInvestmentBank
BUY - via @KestrelCapital
BUY – via @ManyWazuans
SELL – via @the deal
…. the choice is all yours. all the very best CAUTION - via @hisah
This thing is still in dead water... FX games like KQ.
And worse many houses issuing the buy slogan...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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KenolKobil 1H13 swings into profit after tax of 147M
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