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KenolKobil HY 2014 profit before tax grows X 4
Jimmy Boy
#51 Posted : Thursday, August 21, 2014 1:45:15 PM
Rank: New-farer

Joined: 7/17/2014
Posts: 15
Location: Geneva
Gentlemen, the behavior of international oil prices will only have an impact to the Kenyan consumers and not the Kenyan Oil Companies. You need to reckon with the fact that we operate in a a price controlled regime where any upswings or downswings are factored in the pump prices hence cushioning the local oil companies.
I am certain that KK will double the 2014 1st Half results come the end of the year.
Regards,
Jimmy Boy
DBLyon
#52 Posted : Thursday, August 21, 2014 2:10:06 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
Aguytrying wrote:
I'm impressed and surprised that they managed this turnaround with reduced reliance on retail segment. they are really playing the money game now. now just make those stations nice and shiny and staff too, bring back k card with very small discounts and soon suitors will be begging for the bride.


I like the money game. Nice and shiny can come much much later, if you ask me. I'd much rather Ohana works on the engine and makes it purr than paint the car. We can paint later. smile
When you live for others' opinions, you are dead.

- Carlos Slim Helu
hisah
#53 Posted : Thursday, August 21, 2014 3:03:23 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Big vol spike but VWAP closes at yesterday's price - 8.05?!? A lot of huffing and puffing. The vol spike effort says a lot with price spiking above 9/- handle and retracing all the way back below open price @8.35 to close @8.05. Will that vol spike defend the 7.90 key support level?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mibbz
#54 Posted : Thursday, August 21, 2014 3:38:59 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
S.Mutaga III wrote:
Regardless of all the positivity about this stock, which I believe is valid, the P/E is not low enough to excite me. As a disciplined investor, I will let this one pass purely because of its P/E.


@Mutaga III i repect your trading/investing strategy but history has shown that price movement and action does depend not only on technical and fundamental analysis of a company but also 'market sentiment' which can be characterised as many things including emotions,brokers advising clients,gut feelings,insider information on deals,hype,wazua gurus giving the way foward etc.

In a country like ours where information assymetry thrives backed with a skkewed principal(buyer) and agent(broker) relationship that ends with brokers advising guys on what to buy, I expect KK to gain leaps and bounds becasue the 'sentiment' is positive.

Lastly I always tell guys,there is a lot f money floating around.Its bound to seek shelter somewhere exciting.This is exciting irrespective of fundamentals and its huge debt. Henceforth I am with the bulls on this, but cautiously optimistic at ksh 12.50 to 13 FY 2014.
Kausha
#55 Posted : Thursday, August 21, 2014 4:19:15 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
I dont think its visible but KK only need to lower non working capital related debt through sale of non optimal assets to begin to make shit loads of cash. KK is a c.4.5B EBITDA Company and about 4B EBIT Company which is achievable in 2016 if not 2015. In other words 16 bob over the next 12 months price. This will make people a lot of money by the time this turn around is over
Kausha
#56 Posted : Thursday, August 21, 2014 4:27:43 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Anybody in the know as to why KK are paying corporate tax at a rate of 33.2%- 264m during the first half yet they are carrying a deferred tax asset of 2.3 Billion. Or is this is taxation on subsidiaries.
mlennyma
#57 Posted : Thursday, August 21, 2014 4:28:54 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This share is confused where to go,one minute 9,the next second 8 next 8.80 next 8.50 next 8.05...just speculation.today i have noted thousands of stuck and hungry shareholders wanting to exit from 10.let me digest what this means.
"Don't let the fear of losing be greater than the excitement of winning."
murchr
#58 Posted : Thursday, August 21, 2014 4:48:32 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mlennyma wrote:
This share is confused where to go,one minute 9,the next second 8 next 8.80 next 8.50 next 8.05...just speculation.today i have noted thousands of stuck and hungry shareholders wanting to exit from 10.let me digest what this means.


What it means is that people have been dying to get out and that 9 gave them hope of exiting probably at the same price they got in.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
littledove
#59 Posted : Thursday, August 21, 2014 5:19:07 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
I'm in this one but it seems somebody was very keen to exit at a better price than 8. if it was entry volume it could have been done before anouncement , we might stay longer in this range if this is to go by, my thinking
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Aguytrying
#60 Posted : Thursday, August 21, 2014 9:02:56 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
the only thing that would shock me price wise would be if it went below 7.90. the rest of up down behaviour, I'm so used to it. company is turning around while growing profits. I need more shares now.
The investor's chief problem - and even his worst enemy - is likely to be himself
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