Where's @Kausha... I like his sober look at valuations.
If KK can make KES 1.0 for 2014 [PAT 1.5bn for 2014] which is about KES 0.66 cents for 2H. Let's say KK makes just KES 0.50 in 2H and with lower interest costs [lower debt, lower inventory levels in KES] in 1H 2015, we can expect around KES 1.0 [or much better] in 2015.
Bottomline: KES 1.25 for 2015 = 12.50 at 10 PER
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett