@vvs...which KK....I am after retail space....

kenol kobils turnaround success story incase you missed it.

http://www.howwemadeitin...el-company-around/52754/

[quote=Magnate]kenol kobils turnaround success story incase you missed it.

http://www.howwemadeitin...l-company-around/52754/[/quote]
Growing =Profits.
We have moved out of shadows and we are growing. What about 2016? We are waiting.
Its better if results come by Febraury

although this share is trading at 8 i can't even sell mine at 20

Burundi worries me more than Zambia. KK can manage turbulent currencies since fuel prices do eventually match the LCY/USD. There may be some write-offs or forex losses in Zambia but the stations would still be up & running.

Burundi is a different story as the assets can be destroyed, expropriated or idled by the current or new regime. Or by hooligans. Every tanker that goes to Burundi is at risk of being hijacked or destroyed. KK could reduce staff or fire staff but that's not a desirable option as it creates animosity. Plus KK probably needs to spend more cash for security.

KK needs to reduce its level of business activity in Burundi & try to remit as much cash as possible back to Kenya. Any purchases (for resale) should be done using USD bought from the banks and not on credit. KK's HQ should not support KK Burundi using its cash.

What's happening in Burundi will put both the country & KK at financial risk...

thats a big fish bailing out

It is too early to celebrate! There is no profound support to propel this stock forward. Maybe mid 2016.

myStocks has 9.55 for that block.

I doubt it will stay at 9.55 as other sellers come into the market but IMHO (& biased) opinion, it is worth a lot more than 9.55 as the good results for 2015 filter through.

The current Brent oil prices are trending down [sub-40] and now that the USA has allowed exports of oil products the WTI-Brent margin is now minimal. The lifting on the ban on exports should allow the US to be a more effective swing producer.

What does this mean for Kenya & KK?

Barring any crazy volatility due to war/attacks in the Middle East oil prices will remain low.

1) Reduction in financing costs. Same volume = lower amount of loans/financing
2) Volume growth. Lower fuel prices means more folks travel.
3) Better margins. 6/- on 80/- is better than 6/- on 120/-.

Better days [ceteris paribus] are coming.

*Real Estate types. What's the value of 1 acre in CBD along Haile Selassie/Uhuru Highway?*

Let's say 1 acre is 50% of what @streetwise says it is = 1bn for 1 acre at the corner of Haile Selassie and Uhuru Highway.

KK has 1.5bn shares so a 'revaluation' of that plot [as would happen when the zoning is changed or a new use e.g. office building comes up] adds KES 0.66 to the NAV.

I have seen multiple plots in Nairobi & Mombasa that KK owns and can be considered 'prime' locations. KK does not revalue properties on their books on a regular basis like C&G or Williamson but I believe there is value hidden in plain sight.

In other words, what's the break-up value of KK?

* http://www.businessdaily...4/-/9snfac/-/index.html *

JKUAT bought 163,788sf [gross lettable space] on 0.674 acres for KES 1.85bn. That's land with a large building. I wish I could get a better idea on the value of the Haile Selassie piece!

Tell them brother