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KENOL KOBIL .... 2012
Sufficiently Philanga....thropic
#1821 Posted : Friday, September 07, 2012 7:41:47 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
FUNKY wrote:
The management is still optimistic about the deal with Puma Energy so i doubt if the the price will crash to 10-12/- levels.

Anything is possible....remember the 10% rule will be done away with on Monday.
Cant wait to see how the price behaves!
@SufficientlyP
FUNKY
#1822 Posted : Friday, September 07, 2012 7:52:37 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
The losses were from foreign exchange hedges and not due to poor performance...let's see how Mr Market will react on Monday..
murchr
#1823 Posted : Friday, September 07, 2012 8:07:49 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
FUNKY wrote:
The losses were from foreign exchange hedges and not due to poor performance...let's see how Mr Market will react on Monday..


Hedging is one way of loosing money, it means the company is paying a higher fee for the $, question is for how long did they hedge d'oh!
"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
.
Aguytrying
#1824 Posted : Friday, September 07, 2012 8:37:54 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Could puma be waiting to see the performance after the hedge loss?
4B loss, whoa that's HUGE.
The investor's chief problem - and even his worst enemy - is likely to be himself
guru267
#1825 Posted : Friday, September 07, 2012 9:04:01 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
BGL wrote:
Half year results are out. 3.8bn net loss compared to 2.2bn net profit in 2011.
No interim dividend


WHOOAA!!!!

WTF!! i did not expect in a million years such a level of loss... This means that FY 2012 will also definitely be a loss!! No dividend coming in 2012 Sad

As I have said plenty before KK has the most disgusting margins on the NSE!

Due to the huge erosion in book value that neither the market nor puma was expecting 10bob MUST print!!

Today I am officially embarassed to be a KK shareholder!
Mark 12:29
Deuteronomy 4:16
kyt
#1826 Posted : Friday, September 07, 2012 10:07:03 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182

Today I am officially embarassed to be a KK shareholder![/quote]
it happens sometimes, KK will bounce back.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
VituVingiSana
#1827 Posted : Friday, September 07, 2012 11:01:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Let's hope this presents another buying opportunity! The loss was much higher than expected. I figured it would be break-even (all operational profits wiped out) but a 4bn loss? Yikes!

A huge hedging loss so at best a break-even 2012 if KK can recover lost ground!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kaifastus
#1828 Posted : Friday, September 07, 2012 11:35:33 PM
Rank: Member


Joined: 8/17/2011
Posts: 207
Location: humu humu
The management must have known what was coming.. i mean when the shilling started to stabilize and strenghen. I cant blame them it would ave gone either way. its a lesson to us realy
kaifastus
#1829 Posted : Friday, September 07, 2012 11:38:28 PM
Rank: Member


Joined: 8/17/2011
Posts: 207
Location: humu humu
The management must have known what was coming.. i mean when the shilling started to stabilize and strenghen late last year. I cant blame them it would ave gone either way. its a lesson to us really.
gatoho
#1830 Posted : Saturday, September 08, 2012 4:33:47 AM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
Why do I feel like they are trying to force folks sell fear?
Foresight..
hisah
#1831 Posted : Saturday, September 08, 2012 4:40:54 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
gatoho wrote:
Why do I feel like they are trying to force folks sell fear?

Because they can. Wanjiku cannot withstand shock & awe. I expect this stock to behave like the bp stock during the oil spill. A huge shake out is coming and wanjikus will bailout as price bleeds.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1832 Posted : Saturday, September 08, 2012 4:48:17 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
@hisah, check the demand Vs supply now and notice demand is building while supply is dead. I like it more when price is moving up based on locals buying. Locals have their ear on the ground and will tend to have the info.

I guess the locals had their ears on the wrong ground. The KK chart technicals are still saying momentum is downwards.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Jamani
#1833 Posted : Saturday, September 08, 2012 6:17:57 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
This is higher than expected.... could be a case of creative accounting to make sure everyone sells in a rush when Puma puts forward their buy price.
They wanted a compulsory take over, it will be a voluntary sell off...call it arm twisting
Sufficiently Philanga....thropic
#1834 Posted : Saturday, September 08, 2012 8:23:22 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Monday i guess will present the last buying opportunity.As Hisah says,wanjiku could be in shock & awe as we speak. Maybe if i place a bid at 10bob on Monday,i will be given to my fillsmile
@SufficientlyP
mwekez@ji
#1835 Posted : Saturday, September 08, 2012 9:58:21 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah wrote:
mwekez@ji on September 03, 2012 wrote:
@hisah, check the demand Vs supply now and notice demand is building while supply is dead. I like it more when price is moving up based on locals buying. Locals have their ear on the ground and will tend to have the info.

I guess the locals had their ears on the wrong ground. The KK chart technicals are still saying momentum is downwards.


Soo much going on. Lets see who will have the last laugh
mwekez@ji
#1836 Posted : Saturday, September 08, 2012 10:10:58 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
Due to the huge erosion in book value that neither the market nor puma was expecting 10bob MUST print!!


Liar Liar Liar Liar Liar Liar Liar Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you

Puma knew this a long time ago!

The loss is very huge but we were also warned a long time ago!

I detest the speaking with a 100% level of certainity on matter of price that you surely dont have a control.

Pigs will get slaughtered on monday. May the bulls and bears wrestle!
kenmac
#1837 Posted : Saturday, September 08, 2012 5:53:41 PM
Rank: Elder


Joined: 5/26/2009
Posts: 1,793
wololo yayeee......
......Ecclesiastes
youcan'tstopusnow
#1838 Posted : Saturday, September 08, 2012 6:25:09 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji on 18th July 2012 wrote:
youcan'tstopusnow wrote:
Looks like kutakuwa na a lot of bumps before this deal is done and dusted...


Agreed

... KK should now drop the H1 results bomb to scare the hell out of people. Wouldn't mind another good buying opportunity


Ask and you shall be givensmile
GOD BLESS YOUR LIFE
Jamani
#1839 Posted : Saturday, September 08, 2012 7:00:14 PM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
Some of us are lucky that QW took some sort of leave..... he would be all over us with cartoons and you know his language
mwenza
#1840 Posted : Saturday, September 08, 2012 8:04:32 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
Jamani wrote:
Some of us are lucky that QW took some sort of leave..... he would be all over us with cartoons and you know his language


Did he take leave or was he send on compulsory leave by the lady admin?
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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