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KENOL-KOBIL 2014
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VituVingiSana
#841 Posted : Sunday, March 01, 2015 8:40:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
As long as KK gets a good deal on its rent. Or they should partner with a Developer and build their own office tower. As is they have some prime real estate (e.g. Ngong Road) and have been expanding their real estate empire.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Realtreaty
#842 Posted : Sunday, March 01, 2015 11:19:43 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
VituVingiSana wrote:
As long as KK gets a good deal on its rent. Or they should partner with a Developer and build their own office tower. As is they have some prime real estate (e.g. Ngong Road) and have been expanding their real estate empire.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
If they want a prime plot I am ready to give them directions of one that I know would be a catch.smile smile
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mlennyma
#843 Posted : Monday, March 02, 2015 4:49:07 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
My broker who I wont mention rarely calls me but today he called to recommend a buy for kk with a target up price of 15.20,I was not excited because the stock has frustrated me,so I chose to ignore and wait.i have some money but I wont buy more,I will have put so many eggs in one basket.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#844 Posted : Monday, March 02, 2015 6:06:57 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
My broker who I wont mention rarely calls me but today he called to recommend a buy for kk with a target up price of 15.20,I was not excited because the stock has frustrated me,so I chose to ignore and wait.i have some money but I wont buy more,I will have put so many eggs in one basket.


Did he say why? his previous recommendations? I can't wait for results. what if they hit 1.5 PAT?? ...... I know I'm starting to sound like realtreaty
The investor's chief problem - and even his worst enemy - is likely to be himself
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stock.enigma
#845 Posted : Monday, March 02, 2015 6:16:11 PM
Rank: Member

Joined: 8/14/2009
Posts: 244
VituVingiSana wrote:
As long as KK gets a good deal on its rent. Or they should partner with a Developer and build their own office tower. As is they have some prime real estate (e.g. Ngong Road) and have been expanding their real estate empire.


Ngong Road where? They sold the gas station on Ngong road near china center. No other significant property on that side of town. I see the other one at South C is closed. Only one station on Mombasa Road, hidden behind Oil Libya.
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Realtreaty
#846 Posted : Monday, March 02, 2015 9:03:07 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
stock.enigma wrote:
VituVingiSana wrote:
As long as KK gets a good deal on its rent. Or they should partner with a Developer and build their own office tower. As is they have some prime real estate (e.g. Ngong Road) and have been expanding their real estate empire.


Ngong Road where? They sold the gas station on Ngong road near china center. No other significant property on that side of town. I see the other one at South C is closed. Only one station on Mombasa Road, hidden behind Oil Libya.

smile
lAND IS ALWAYS AVAILABLE IN NAIROBI, WHAT YOU NEED IS A DEEP POCKET.THERE ARE SO MANY TOWERS THAT KK CAN BUY OR RENT IN THE CITY CENTRE, WESTLAND, UPPERHILL ETC.THEY MIGHT ALSO DECIDE TO MOVE TO UNIVERSITY WAY, MAENDELEO HOUSE, NEAREST AMB BANK HOUSE, LOITA HOUSE, NSSF HOUSE.
WHO WILL NOT WANT TO HOST ACOMPANY SUCH AS KK THAT CAN TAKE 1 OR 2 FLOORS?
BUT WE MUST RESPECT EXISTING AGREEMENT
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mlennyma
#847 Posted : Monday, March 02, 2015 9:29:34 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Aguytrying wrote:
mlennyma wrote:
My broker who I wont mention rarely calls me but today he called to recommend a buy for kk with a target up price of 15.20,I was not excited because the stock has frustrated me,so I chose to ignore and wait.i have some money but I wont buy more,I will have put so many eggs in one basket.


Did he say why? his previous recommendations? I can't wait for results. what if they hit 1.5 PAT?? ...... I know I'm starting to sound like realtreaty

he started by saying results are expected last week this month or 1st week april,then went ahead to say low prices have triggered high volume sales, that was not all he argued that the absence of the inefficient refinary in mombasa is a hidden advantage to oil companies who can import refined products through the otc and the delays which used to occur are no longer there..it was a long story to convince me and you.
"Don't let the fear of losing be greater than the excitement of winning."
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Kausha
#848 Posted : Tuesday, March 03, 2015 5:25:22 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Not much improvement in volumes. The big kick in declining prices is the gross margin expansion and cost of financing. The OMC gross margin is everything just like your super market. With the slow speed of ERC price reset, OMC's must have made a fortune between September and February this year. Some of it will be reflected in FY 2014 results I suspect, but an even bigger chunk is sitting in 1H2015. Whatever you probably see in FY 2014 you can extrapolate substantially for 2015.If only the board would see the logic of issuing a generous scrip in place of dividends because of the need to retain the cash in the business. Give shareholders a bonus so that they can go create their own dividend stream.
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VituVingiSana
#849 Posted : Tuesday, March 03, 2015 10:37:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
stock.enigma wrote:
VituVingiSana wrote:
As long as KK gets a good deal on its rent. Or they should partner with a Developer and build their own office tower. As is they have some prime real estate (e.g. Ngong Road) and have been expanding their real estate empire.


Ngong Road where? They sold the gas station on Ngong road near china center. No other significant property on that side of town. I see the other one at South C is closed. Only one station on Mombasa Road, hidden behind Oil Libya.
I thought it was still "On Sale" and not sold. I want to send a list of questions to KK before the AGM to be discussed at the AGM.

If KK expands slowly [while improving their current stations] it can capture the growing demand for fuel. I see more cars added to Kenya's roads daily. I saw 'KCC' cars in Athi River headed to Nairobi.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#850 Posted : Tuesday, March 03, 2015 10:57:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
Kausha wrote:
Not much improvement in volumes. The big kick in declining prices is the gross margin expansion and cost of financing. The OMC gross margin is everything just like your super market. With the slow speed of ERC price reset, OMC's must have made a fortune between September and February this year. Some of it will be reflected in FY 2014 results I suspect, but an even bigger chunk is sitting in 1H2015. Whatever you probably see in FY 2014 you can extrapolate substantially for 2015.If only the board would see the logic of issuing a generous scrip in place of dividends because of the need to retain the cash in the business. Give shareholders a bonus so that they can go create their own dividend stream.

Do they need to declare a dividend whether cash or scrip? Why not use the cash to reduce their debt? BH doesn't issue bonuses, scrip dividends or dividends. So far.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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