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KenolKobil FY2010 results are out!
Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
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Financial year 2010 is out. Profit up from 1.9 B to 2.6 B. Dividend per share is 0.52 KShs. Impressive isn't it? Will give more detail later. "A bad decision made now is beta that a good one made later!!"
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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underweight wrote:Financial year 2010 is out. Profit up from 1.9 B to 2.6 B. Dividend per share is 0.52 KShs. Impressive isn't it? Will give more detail later. Everything is on the net. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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Hah! And the prospects are even better... KK says the effect on them is limited from Kenya... LOL... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Kshs 0.52 is a VERY GOOD DIVIDEND for a share that was trading at 9.35 this morning. It seems I was wrong in my interpretation of the trdaing on the counter over the last couple of days. These results are indeed pretty good. mwanahisa wrote:I expect the results to be good but NOT GREAT, although an improvement over 2009. However, the results will be coming at a time when the market is in a very DESPONDENT mood. Given this scenario, unless there is a BONUS and/or a VERY GOOD DIVIDEND, it is unlikely that there will be a major improvement in price i.e. over the 10 Shs level in the short term.
It may be worth noting that just before an annoucement when results are expected to be good there will usually be a lot of activity in a stock, usually with increasing prices. I have not seen any of this with KK. But I could be wrong!
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Rank: New-farer Joined: 10/26/2010 Posts: 34 Location: Nairobi
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link please? Jamaa wa mjengo
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Should we expect at least a 10% rise in the price tomorrow, given the hefty dividend? I sure hope so!
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Rank: New-farer Joined: 5/23/2010 Posts: 95 Location: Tikrit - IRAQ
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Doesnt state the div..... ...We do it for the $$$$!!
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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‘The business visibility for 1st Half 2011 Financial year, indicates a double digit growth in Net Profit for the 1st Half 2011, compared to same period of 2010’
Confirms that price control is working to KK’s advantage. Last year they grew sales by 5.2% despite being the most expensive OMC. With price controls, even I am now fueling at KK outlets.
Had expected a bonus to conserve cash, but think about it, with such a small amount of outstanding shares, they are keeping lots of change, even after the huge dividend.
In typical Kenyan fashion, I expect a fall in price, I’m putting in more cash into this cow.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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GG, I am scrambling around looking for this outlook statement. Give us a link, bro! Gordon Gekko wrote:‘The business visibility for 1st Half 2011 Financial year, indicates a double digit growth in Net Profit for the 1st Half 2011, compared to same period of 2010’
Confirms that price control is working to KK’s advantage. Last year they grew sales by 5.2% despite being the most expensive OMC. With price controls, even I am now fueling at KK outlets.
Had expected a bonus to conserve cash, but think about it, with such a small amount of outstanding shares, they are keeping lots of change, even after the huge dividend.
In typical Kenyan fashion, I expect a fall in price, I’m putting in more cash into this cow.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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WOW! Those are beautiful numbers. @VVS is throwing a party i presume?
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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I was RIGHT on date of announcement of results. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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A good look for KK esp.from the dividend yield angle. 3 cheers @VVS.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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mwanahisa wrote:GG, I am scrambling around looking for this outlook statement. Give us a link, bro!
Sorry I cant paste the pdf document I received from KK for shareholders. Weka anwani ya barua pepe and I will send.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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mwanahisa wrote:2012 wrote:mwanahisa wrote:It may be worth noting that just before an annoucement when results are expected to be good there will usually be a lot of activity in a stock, usually with increasing prices. I have not seen any of this with KK. But I could be wrong! You could be right but at the price it's currently trading at (9.4), I don't see it reducing further after even better than average results. I think they should give us a dividend of 60cents and nothing less. Very unlikely for your expectation to be met considering that this would be an INCREDIBLE 85% increase from last year's dividend. I would be happy with 40 cts in light of the company's expansion plans, although I expect 35 cts. I bet you're elated with 52cts. Doubt less what I tell you. 
BBI will solve it :)
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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Gordon Gekko wrote:mwanahisa wrote:GG, I am scrambling around looking for this outlook statement. Give us a link, bro!
Sorry I cant paste the pdf document I received from KK for shareholders. Weka anwani ya barua pepe and I will send. I liked that,putting their shareholders first with the detailed results,now for the fat dividend cheque.
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Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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The Merchant wrote:WOW! Those are beautiful numbers. @VVS is throwing a party i presume Wait for the dividend... I am not selling coz 2011 seems even better according to the prospects... @cde: Asante! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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VituVingiSana wrote:The Merchant wrote:WOW! Those are beautiful numbers. @VVS is throwing a party i presume Wait for the dividend... I am not selling coz 2011 seems even better according to the prospects... @cde: Asante! Im doing the same,it forms a large part of my portfolio so that 5.% dividend makes me more relaxed to add more. I actually did not expect over 3% on the div yield front...Some good news from industrials. This year requires so much cash 
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Impunity wrote:I was RIGHT on date of announcement of results. OH YES YOU WERE! Apologies for doubting your source.
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Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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mwanahisa wrote:Impunity wrote:I was RIGHT on date of announcement of results. OH YES YOU WERE! Apologies for doubting your source. Dang! I wish I could have bought more... Anyway, kesho lakini I hope it falls...! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KenolKobil FY2010 results are out!
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