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The KenolKobil 2015 pendulum
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mlennyma
#351 Posted : Wednesday, February 24, 2016 10:15:53 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Aguytrying wrote:
Pesa Nane wrote:
VituVingiSana wrote:
KK has sold the (long)suffering TZ business (with 20 stations and some other assets/tanks). Good riddance.
In addition, the DRC business has also been sold.




Sign of a management in touch with what's going on in the ground, and decisive. That decisiveness is what sparked the turnaround in 2012. Looks to me it may spark the next growth phase
Interested to see how far they've reduced the debt.

Wasn't it TZ Ohana visited, where he said he ate snacks on the way....

its not a bad idea to cut unproductive branches of a tree but how much were they worth??should we expect a special dividend?
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#352 Posted : Wednesday, February 24, 2016 10:22:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
@miennyma - No special dividend should be expected. As @Aguy hinted, I think the proceeds will be used to pay down debt. The TZ business was making losses or breaking even at best.

If KK borrows at 15% from banks, it can start saving a lot by paying down the debt used to purchase/maintain the TZ assets.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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enyands
#353 Posted : Wednesday, February 24, 2016 10:26:25 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Aguytrying wrote:
mlennyma wrote:
mlennyma wrote:
Realtreaty wrote:
he Pendulum, still in motion!!!!!! smile

buyers and sellers are in a cold war

buyers are giving in to the 10bob reality,Kk is worth 15bob atleast


Supply at 10.00 was being mopped up as it came. Im not the optimistic one but i see scope for 11.00 before results. Nevertheless im even surprised were at 10.00.

@enyands. You can safely wake up today the VWAP is 10.00



Thanks aguy .I need to wash my face and put on my glasses so as to see if there is rainbow or there is storm clinging on kk. Hang on will let you know when I'm ready. But I'm awake now.
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mlennyma
#354 Posted : Wednesday, February 24, 2016 10:38:18 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
VituVingiSana wrote:
@miennyma - No special dividend should be expected. As @Aguy hinted, I think the proceeds will be used to pay down debt. The TZ business was making losses or breaking even at best.

If KK borrows at 15% from banks, it can start saving a lot by paying down the debt used to purchase/maintain the TZ assets.

true i have just seen the thing
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#355 Posted : Wednesday, February 24, 2016 10:45:24 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
http://www.businessdaily...70/-/ptfip7/-/index.html
"Don't let the fear of losing be greater than the excitement of winning."
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sparkly
#356 Posted : Thursday, February 25, 2016 5:49:49 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mlennyma wrote:
VituVingiSana wrote:
@miennyma - No special dividend should be expected. As @Aguy hinted, I think the proceeds will be used to pay down debt. The TZ business was making losses or breaking even at best.

If KK borrows at 15% from banks, it can start saving a lot by paying down the debt used to purchase/maintain the TZ assets.

true i have just seen the thing


Tanzania is the graveyard of Kenyan companies. What's wrong with that country?

Life is short. Live passionately.
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enyands
#357 Posted : Thursday, February 25, 2016 6:25:38 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
sparkly wrote:
mlennyma wrote:
VituVingiSana wrote:
@miennyma - No special dividend should be expected. As @Aguy hinted, I think the proceeds will be used to pay down debt. The TZ business was making losses or breaking even at best.

If KK borrows at 15% from banks, it can start saving a lot by paying down the debt used to purchase/maintain the TZ assets.

true i have just seen the thing


Tanzania is the graveyard of Kenyan companies. What's wrong with that country?




Started way back to nyerere Statement that Kenya is a man eat man society
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Gatheuzi
#358 Posted : Thursday, February 25, 2016 6:58:18 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
The photo though is actually that of Segman and not the young Ohana.



mlennyma wrote:
http://www.businessdaily...0/-/ptfip7/-/index.html
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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kryptonite
#359 Posted : Thursday, February 25, 2016 8:21:52 AM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
Gatheuzi wrote:
The photo though is actually that of Segman and not the young Obama.



mlennyma wrote:
http://www.businessdaily...0/-/ptfip7/-/index.html



I doubt that's young Obama either
The harder you work, the luckier you get
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AndyC
#360 Posted : Thursday, February 25, 2016 8:31:33 AM
Rank: Member

Joined: 4/21/2015
Posts: 151
DN reports of exit from Rwanda and Tanzania. They even quote the statement which has no word 'Rwanda'.
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