FT real time chart on candlestick looks interesting...But 10 must be defeated and defeated squarely so that we have support at 10.80 -11

Too early to speak

ANY BODY WATCHING CIC ?? Looks interesting

CFC has also constricted for too long on the 125-126 price (9 months chart)

hehheheeee all binoculars on KK here, I am attending the weekend rally kukomesha shetani who visits on mondays akitumia window ya KK. . But we are on hiway to 12.80 soon, hope no toll stations!!!!!

I expect good results for 2014.

See 1H 2014 results and then a drop in imports of oil (fuel) prices in Dec, while the new lower prices announced 14th Dec and then 14 Jan, will boost profits for 2H over 1H.

1H - Good results [including property sales]
2H - Lower fuel import costs + lower interest charges

2015: Now it gets harder coz ERC prices dropped by 9/- in Dec. Another decrease expected in Jan reducing margins.

@VVS property sales in1H? Where did you pick that. Their cashflow statement didnt have it.

Unfortunately the 1H Results are not as detailed but if I recall they mentioned (during the 2013 AGM held in 2014) pending sales to be completed in 2014. In abridged results (like the 1H 2014) results, some of this income is grouped under miscellaneous/other income.

My focus is on the OPEX for 2H 2014 to see if they can sustain the momentum into 2015. I wish we could have more detailed information for each subsidiary and what they want plan to do to increase sales/profits and/or cut OPEX losses.

BTW, I am happy with sensible CAPEX that serves to enhance future profitability at a rate greater than current ROE. I am more than a bit disappointed at the state of their stations vs competitors. I feel that KK will lose/lost loyalty to the brand. The K-Card is terrible vs other products e.g. M-Pesa or even debit cards.

I still believe the ultimate goal for the majority owners is a complete disposal seeing that tried to do just that earlier. What I cannot figure out is what makes KK interesting/attractive (at a premium) to a buyer seeing the current ROE is not that great.

Property: Some of these station should be demolished or reconfigured to put up buildings NOT for rent but for sale since Rental Yields are low. REIT in their future?

The PAT [from the entire supply chain] for every station should be benchmarked against the Interest Income [using Long-Term tax-free Infrastructure Bonds] from the (potential) Sale Proceeds. Currently, KK pays 12-14% on their CP on a pre-tax basis.

Your thoughts?