wazua Fri, Oct 17, 2025
Welcome Guest Search | Active Topics | Log In

5 Pages<12345>
KenolKobil HY 2017 profit before tax up 20%
Options
Previous Topic · Next Topic
VituVingiSana
#41 Posted : Friday, January 19, 2018 1:40:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?

Buyers of such huge lots/chunks do not buy unless there is a positive outlook. In this case, the outlook is very positive!

Do expect the following write-offs:
KPRL [1H and 2H 2017 to clean up the books]
Legal settlement [taken in 1H 2017]

Going into 2018, even with higher oil prices, KK is going in strong with a large retail network and export (EAC) market without laggards like TZ.
Zero local (KES) debt. Attractive financing terms for USD/EUR debt [Dutch banks]. Increased consumption in Kenya of (retail) fuel in 2018 vs 2017 [post-elections], etc

Is KK being prepped as a takeover target?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Horton
#42 Posted : Friday, January 19, 2018 3:42:56 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?

Buyers of such huge lots/chunks do not buy unless there is a positive outlook. In this case, the outlook is very positive!

Do expect the following write-offs:
KPRL [1H and 2H 2017 to clean up the books]
Legal settlement [taken in 1H 2017]

Going into 2018, even with higher oil prices, KK is going in strong with a large retail network and export (EAC) market without laggards like TZ.
Zero local (KES) debt. Attractive financing terms for USD/EUR debt [Dutch banks]. Increased consumption in Kenya of (retail) fuel in 2018 vs 2017 [post-elections], etc

Is KK being prepped as a takeover target?



Not sure or convinced if that statement is true if history is anything to go by
Back to top
 Report Abusive | Report SPAM
obiero
#43 Posted : Friday, January 19, 2018 5:43:34 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
Horton wrote:
VituVingiSana wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?

Buyers of such huge lots/chunks do not buy unless there is a positive outlook. In this case, the outlook is very positive!

Do expect the following write-offs:
KPRL [1H and 2H 2017 to clean up the books]
Legal settlement [taken in 1H 2017]

Going into 2018, even with higher oil prices, KK is going in strong with a large retail network and export (EAC) market without laggards like TZ.
Zero local (KES) debt. Attractive financing terms for USD/EUR debt [Dutch banks]. Increased consumption in Kenya of (retail) fuel in 2018 vs 2017 [post-elections], etc

Is KK being prepped as a takeover target?



Not sure or convinced if that statement is true if history is anything to go by

That's an outright mistatemnt from chief @vvs.. what about the seller? does it mean the seller is always dumber than the buyer. the Greater Fool Theory works both ways. The one with better and deeper information about the firm always carries the day. Asymmetric divergence in stock trading

KQ ABP 4.48; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM | Edit by user: Friday, January 19, 2018 5:44 PM | Reason: Not specified
Realtreaty
#44 Posted : Friday, January 19, 2018 6:44:37 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,361
Fell from high of 16.70 to 14.50 Kes that is not so good given that Total rose from 20 to 26 at the same time though KK is doing better in the market
Is it time to buy before February when FY results start trickling in?
Back to top
 Report Abusive | Report SPAM
obiero
#45 Posted : Friday, January 19, 2018 10:11:17 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
Realtreaty wrote:
Fell from high of 16.70 to 14.50 Kes that is not so good given that Total rose from 20 to 26 at the same time though KK is doing better in the market
Is it time to buy before February when FY results start trickling in?

Reporting live from the exchange bar.. It was more of a bargain sale than the reverse. Expect lower lows

KQ ABP 4.48; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM
Pesa Nane
#46 Posted : Friday, January 19, 2018 10:55:59 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Foreigners play on both ends
Pesa Nane plans to be shilingi when he grows up.
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#47 Posted : Friday, January 19, 2018 11:12:09 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
obiero wrote:
Horton wrote:
VituVingiSana wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?

Buyers of such huge lots/chunks do not buy unless there is a positive outlook. In this case, the outlook is very positive!

Do expect the following write-offs:
KPRL [1H and 2H 2017 to clean up the books]
Legal settlement [taken in 1H 2017]

Going into 2018, even with higher oil prices, KK is going in strong with a large retail network and export (EAC) market without laggards like TZ.
Zero local (KES) debt. Attractive financing terms for USD/EUR debt [Dutch banks]. Increased consumption in Kenya of (retail) fuel in 2018 vs 2017 [post-elections], etc

Is KK being prepped as a takeover target?



Not sure or convinced if that statement is true if history is anything to go by

That's an outright mistatemnt from chief @vvs.. what about the seller? does it mean the seller is always dumber than the buyer. the Greater Fool Theory works both ways. The one with better and deeper information about the firm always carries the day. Asymmetric divergence in stock trading

(Private) Buyers would have to have a positive outlook [whether it materializes is another matter] to buy the shares.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Ericsson
#48 Posted : Saturday, January 20, 2018 9:52:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,794
Location: NAIROBI
Lets see if a rejuvenated Vivo energy will give kk a run for their money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
mlennyma
#49 Posted : Saturday, January 20, 2018 1:23:22 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Ericsson wrote:
Lets see if a rejuvenated Vivo energy will give kk a run for their money.

The time to struggle down Kk is over if it fought it's way back to the top when all others were ok
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
 Report Abusive | Report SPAM
VituVingiSana
#50 Posted : Saturday, January 20, 2018 11:49:13 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
Ericsson wrote:
Lets see if a rejuvenated Vivo energy will give kk a run for their money.

All can make money. Lots of money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Ebenyo
#51 Posted : Sunday, January 21, 2018 11:58:13 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
mlennyma wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?


pessimists should know such huge trades happen after alot of due diligence



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.
Towards the goal of financial freedom
Back to top
 Report Abusive | Report SPAM
obiero
#52 Posted : Monday, January 22, 2018 8:20:33 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,967
Location: nairobi
Ebenyo wrote:
mlennyma wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?


pessimists should know such huge trades happen after alot of due diligence



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling

KQ ABP 4.48; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM
Spikes
#53 Posted : Monday, January 22, 2018 8:25:19 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?


pessimists should know such huge trades happen after alot of due diligence



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling


Better opportunities elsewhere. Maybe to invest and ride on bitcoins.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Back to top
 Report Abusive | Report SPAM
shiznit
#54 Posted : Monday, January 22, 2018 8:41:04 AM
Rank: New-farer


Joined: 5/21/2013
Posts: 72
Location: KENYA
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?


pessimists should know such huge trades happen after alot of due diligence



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling



Possibly the Biwott estate or an affiliate.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Back to top
 Report Abusive | Report SPAM
watesh
#55 Posted : Monday, January 22, 2018 12:24:47 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 992
Location: Kenya
shiznit wrote:
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?


pessimists should know such huge trades happen after alot of due diligence



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling



Possibly the Biwott estate or an affiliate.

Maybe....selling is the easiest way to divide up that wealth
Back to top
WWW
 Report Abusive | Report SPAM
VituVingiSana
#56 Posted : Monday, January 22, 2018 12:39:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?


pessimists should know such huge trades happen after alot of due diligence



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling

Biwott is dead and buried. The family might want to blow the ill-gotten wealth on other things.
This is not a case of (honest) hard work and building wealth for future generations. In other countries, folks build/fund libraries, parks and universities BUT not so in Kenya with the politicians and tenderpreneurs.

What's the legacy of the likes of Karume, Moi [not those areas/monuments/streets/buildings named after him simply coz he was a potentate], Kenyatta [not those named after him simply coz he was a potentate], Kirima, etc?

I am glad to see the likes of Munga building (Pioneer) schools.
I am glad to see Chandaria funding part of UoN.
I am glad that Rattansi Trust funds scholarships.

I hope we see more Kenyans build their legacies by donating long-lasting (& sustainable) assets to the "public".

Anyway, back to KK... Under Ohana, it has done well and whereas there will be huge write-offs in 2017
- KPRL
- Lawsuits
- Segman

the outlook for 2018, despite rising oil prices, is good.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Kausha
#57 Posted : Monday, January 22, 2018 12:57:41 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
Portfolio book over to ensure the holding accounts are executable. Won't be surprised by a deal
Back to top
 Report Abusive | Report SPAM
tandich
#58 Posted : Monday, January 22, 2018 1:01:10 PM
Rank: Member


Joined: 5/6/2008
Posts: 199
I thought the Segman matter was settled on Q4 2017. I just wonder for how much and the impact on FY17 numbers.
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#59 Posted : Monday, January 22, 2018 1:32:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
tandich wrote:
I thought the Segman matter was settled on Q4 2017. I just wonder for how much and the impact on FY17 numbers.

The following items were settled in 2017
1) Lawsuit about a lease for a station [Exact settlement unknown but taken in 1H 2017]. Cash paid out.
2) KPRL [Write off in 1H and another in 2H] will be written off completely. Non-cash. There may be a recovery in future years if Total's case against KPRL succeeds but this could take 10 years in Kenyan courts!
3) Segman [Cash payout in 2H. Newspapers say 300mn]

Clean books in 2018?
Will Ohana start shopping KK to interested buyers?

BTW, KK shows land at historical cost so there's "hidden" value too.
E.g. KK has 1 acre at the junction of Haile Selassie and Uhuru Highway. It could be sub-divided and 3/4 acre sold just keeping enough for a station.

KK is also looking for new stations that it will lease so no huge capex programs.

KPRL tanks have been converted to storage (under KPC) so ullage is less of a problem. As is, Ohana said KK prefers to have less inventory to minimize the costs of financing and price fluctuations.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
sparkly
#60 Posted : Monday, January 22, 2018 1:45:08 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?


pessimists should know such huge trades happen after alot of due diligence



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling

Biwott is dead and buried. The family might want to blow the ill-gotten wealth on other things.
This is not a case of (honest) hard work and building wealth for future generations. In other countries, folks build/fund libraries, parks and universities BUT not so in Kenya with the politicians and tenderpreneurs.

What's the legacy of the likes of Karume, Moi [not those areas/monuments/streets/buildings named after him simply coz he was a potentate], Kenyatta [not those named after him simply coz he was a potentate], Kirima, etc?

I am glad to see the likes of Munga building (Pioneer) schools.
I am glad to see Chandaria funding part of UoN.
I am glad that Rattansi Trust funds scholarships.

I hope we see more Kenyans build their legacies by donating long-lasting (& sustainable) assets to the "public".

Anyway, back to KK... Under Ohana, it has done well and whereas there will be huge write-offs in 2017
- KPRL
- Lawsuits
- Segman

the outlook for 2018, despite rising oil prices, is good.


On the issue of giving back to society... Not everyone has sophisticated Trusts and calls the press everytime they have a CSR event. Karume was a self made millionaire with legit businesses employing hundreds in Kenya. He also hosting his constituents at his Village Inn thingira whereupon he sorted out financial issues involving education, hospital bills, funerals etc.

That said I haven't heard of any goods deeds by the late Total Man.
Life is short. Live passionately.
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
5 Pages<12345>
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 © 2025 Wazua.co.ke. All Rights Reserved.