The big seller is still in the market...interesting trade today.

This is a sweet quick play exit 11

@mweke. in retrospect that nock story holds more water now. kk is now all of a sudden a gava darling. but its still unlikely coz of the pan African nature of kk business that part doesn't make sense to me.
bottom line, the new management is ready to play ball

@Aguy, I gather that NOCK is looking at buying some of the "idle assets" of KK. It’s like NOCK is cannibalising KK but i think and trust Ohana will play his game well. I like the way he is dealing with industry players.

1H expected to be breakeven PAT [positive EBIDTA] but 2H profitable on lower borrowing costs. And 2014 will be time to sell the firm or look for a strategic investor.

@hisah I am a buyer and on fundamentals. And thankfully managed to acquire small lots when I can. I will miss Segman but he has laid the groundwork for the future that Ohana is building on.

1) Property/Asset sales of $40mn in 2013/14 expected according to the Management [see Annual Report & discussions at the AGM] and proceeds to lower debt.
2) No more dividends until the debt is significantly reduced.
3) Dumping unprofitable (low profit) lines of business including aviation, fuel oil & bitumen unless payments are assured or in cash.
4) Re-focus on lines of business without price controls.

If Ohana can't show progress in 9 months i.e. release of 2H 2013 results as well as a positive update on 1Q 2014 operations then time to say bye-bye.