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KenolKobil 1H13 swings into profit after tax of 147M
Rank: Member Joined: 2/18/2011 Posts: 448
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mkeiyd wrote:mibbz wrote:issue is why buy now and wait for 2014 and beyond for the share to rise from 10 to 20 while in the intervening period one can invest in CFC and Pan Africa which is soon to be a buy out candidate and reap by 2014 then plough back the investment into KK and KQ? i believe its all about timing and risk appetite..... It's never that easy nor perfect. A while ago, when EABL was hitting its highs, it was well sung here. Smart money,locals being bought blah, bleh,blih. What happened? Some people don't like KK, others do. That's why there are more sentiments than fundamentals from those who don't like KK. Time for Kkeians to eat will come. Traders and longterm investors cannot play by the same rules. There was a someone profit taking at 420 with EABL while buyers were fighting to get in based on research reports.... All am saying is,whether long term or day trading,isn't it all about gains and money at the end of the day?....then why go for the slower path pretending to be looking for value? KK investors shall eat and i shall definitely be part of them,its not yet time.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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guru267 wrote:dunkang wrote:mwekez@ji wrote:
There is no indication from Income Statement, Balance Sheet, Cashflow Statement and Management Commentary that they sold any of the idle assets in 1H13.
Quote:The company is cutting costs by identifying idle and “low-performing” assets for sale and reducing the wage bill, Segman said. It will cut staff to 360 by June from 570 a year earlier by eliminating the posts of retiring employees and ending lapsed contracts http://mobile.bloomberg....ter-posting-losses.html @dunkang is it wise to quote an individual who no longer works as a director?? This strategy is probably what got him axed from the job! Strategy changes with management! THERE WAS NO SIGNIFICANT SALE OF ASSETS IN H1 2013!!!!Thank God for Ohana! Madam, i. when did Sengeman leave KK? JULY 2013ii. up to which month does the HY Report cover? JUNE 2013 And finally, if the recovery was so on course, why did they release Sengeman? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mibbz wrote:mkeiyd wrote:mibbz wrote:issue is why buy now and wait for 2014 and beyond for the share to rise from 10 to 20 while in the intervening period one can invest in CFC and Pan Africa which is soon to be a buy out candidate and reap by 2014 then plough back the investment into KK and KQ? i believe its all about timing and risk appetite..... It's never that easy nor perfect. A while ago, when EABL was hitting its highs, it was well sung here. Smart money,locals being bought blah, bleh,blih. What happened? Some people don't like KK, others do. That's why there are more sentiments than fundamentals from those who don't like KK. Time for Kkeians to eat will come. Traders and longterm investors cannot play by the same rules. There was a someone profit taking at 420 with EABL while buyers were fighting to get in based on research reports.... All am saying is,whether long term or day trading,isn't it all about gains and money at the end of the day?....then why go for the slower path pretending to be looking for value? KK investors shall eat and i shall definitely be part of them,its not yet time. when you feel it's time, you will find us there. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:mibbz wrote:mkeiyd wrote:mibbz wrote:issue is why buy now and wait for 2014 and beyond for the share to rise from 10 to 20 while in the intervening period one can invest in CFC and Pan Africa which is soon to be a buy out candidate and reap by 2014 then plough back the investment into KK and KQ? i believe its all about timing and risk appetite..... It's never that easy nor perfect. A while ago, when EABL was hitting its highs, it was well sung here. Smart money,locals being bought blah, bleh,blih. What happened? Some people don't like KK, others do. That's why there are more sentiments than fundamentals from those who don't like KK. Time for Kkeians to eat will come. Traders and longterm investors cannot play by the same rules. There was a someone profit taking at 420 with EABL while buyers were fighting to get in based on research reports.... All am saying is,whether long term or day trading,isn't it all about gains and money at the end of the day?....then why go for the slower path pretending to be looking for value? KK investors shall eat and i shall definitely be part of them,its not yet time. when you feel it's time, you will find us there.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:mwekez@ji wrote: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. Quote:The company is cutting costs by identifying idle and “low-performing” assets for sale and reducing the wage bill, Segman said. It will cut staff to 360 by June from 570 a year earlier by eliminating the posts of retiring employees and ending lapsed contracts http://mobile.bloomberg.com/new...fter-posting-losses.html In that article written in May, KK is said to have been identifying idle and “low-performing” assets for sale. ... Note that identifying assets for sale is different from doing the actual selling. ... Now, with this in mind, what is your point?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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dunkang wrote:guru267 wrote:dunkang wrote:mwekez@ji wrote:
There is no indication from Income Statement, Balance Sheet, Cashflow Statement and Management Commentary that they sold any of the idle assets in 1H13.
Quote:The company is cutting costs by identifying idle and “low-performing” assets for sale and reducing the wage bill, Segman said. It will cut staff to 360 by June from 570 a year earlier by eliminating the posts of retiring employees and ending lapsed contracts http://mobile.bloomberg....ter-posting-losses.html @dunkang is it wise to quote an individual who no longer works as a director?? This strategy is probably what got him axed from the job! Strategy changes with management! THERE WAS NO SIGNIFICANT SALE OF ASSETS IN H1 2013!!!!Thank God for Ohana! Madam, i. when did Sengeman leave KK? JULY 2013ii. up to which month does the HY Report cover? JUNE 2013 And finally, if the recovery was so on course, why did they release Sengeman? @dunkang women lie, men lie but numbers don't lie... Please prove to me KK sold idle assets in h1 2013! USING NUMBERS... Otherwise hiyo mambo ilitupwa kando! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 8/16/2011 Posts: 2,358
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Resolution of Commercial Dispute Between KenolKobil Limited and KPRL
The Management of KenolKobil Limited is pleased to announce that the Company and Kenya Petroleum Refineries Limited (KPRL) have reached an amicable agreement to settle all outstanding dispute matters between the two Organizations.
Consequently, the Ministry of Energy and the Energy Regulatory Commission has reinstated KenolKobil Limited in the Open Tender System (OTS) as a buyer and seller in the supply of petroleum products for the Company in Kenya and the neighbouring countries.
The reinstatement follows successful deliberations between the Management of KenolKobil and KPRL that were facilitated by the Energy Regulatory Commission. The Agreement reached will provide for discontinuation of the law suits and claims lodged against each other.
KenolKobil’s Management takes this opportunity to thank the Board and Management of KPRL, led by their Chairman, Mr. Suleiman Shakombo EGH and CEO, Mr. Brij Mohan Bansal, for their positive contributions and the show of good faith that led to the successful conclusion of the discussions.
In addition, the Management also recognizes the instrumental role played by the Ministry of Energy & Petroleum, led by the Cabinet Secretary for the Ministry, Mr. Davis Chirchir, and the Principal Secretary Eng. Joseph K. Njoroge, and the Director-General of the Energy Regulatory Commission, Eng. Kaburu Mwirichia, for facilitating and fostering the cordial spirit of the discussions. We take this opportunity to express our sincere gratitude to them.
We look forward to maintaining this positive spirit of compliance and consultative dialogue in our future dealings with the Government, KPRL, our business partners and other Industry stakeholders, for the greater good of the country and the oil industry.
David Ohana
GROUP MANAGING DIRECTOR
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Realtreaty wrote:
Resolution of Commercial Dispute Between KenolKobil Limited and KPRL
Nice...
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Rank: Member Joined: 2/8/2007 Posts: 808
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Those are being sold after June. As at June they had concluded agreements to sell about $ 8m but obviously until amounts start moving you cannot book that as income.
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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Realtreaty wrote:
Resolution of Commercial Dispute Between KenolKobil Limited and KPRL
This statement reads familiar. Is it fresh communication or it's the same one i read some weeks ago?
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KenolKobil 1H13 swings into profit after tax of 147M
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