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KENOL: The selling foreigner
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mv_ufanisi
#1 Posted : Tuesday, August 03, 2010 12:19:16 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
The selling foreigner at KENOL is stopping this bus from taking off. Everyday for about 2 months now - there has beena net sale by foreigners of about 40%-50% on average. With ready supply, the price isn't going anywhere.
If it's one foreigner selling, he/she must have had a huge holding in the stock! Should I be worried? The other buses are already moving.
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qw25041985
#2 Posted : Tuesday, August 03, 2010 12:29:00 PM
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Joined: 5/9/2010
Posts: 1,418
Location: Nai
@mv. Make you life simple. What ar' the fundermentals of Everready ?? Do u see growth ahead. Coz i dnt. Sell your holding and buy growth orientd stocks. Mumias sugar comes up fast ...
Your future depends on your dreams so go to sleep !
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the deal
#3 Posted : Tuesday, August 03, 2010 12:54:44 PM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
HAHAHAHA SELL THE LOSERS....LET THE WINNERS RUUUN....
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mv_ufanisi
#4 Posted : Tuesday, August 03, 2010 12:54:44 PM
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qw25041985 wrote:
@mv. Make you life simple. What ar' the fundermentals of Everready ?? Do u see growth ahead. Coz i dnt. Sell your holding and buy growth orientd stocks. Mumias sugar comes up fast ...


@qw Thanks for the advice. I will get out after referendum. KENOL stock has been throwing me off balance too many times with all the drama.
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VituVingiSana
#5 Posted : Tuesday, August 03, 2010 12:59:45 PM
Rank: Chief


Joined: 1/3/2007
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Location: Nairobi
@mv - Buy value... If there is value... it will show up in the future!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mv_ufanisi
#6 Posted : Tuesday, August 03, 2010 1:05:43 PM
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Posts: 625
VituVingiSana wrote:
@mv - Buy value... If there is value... it will show up in the future!


I've actually already profited from this baby. The problem is the opportunity cost of holding on this one while the rest of the buses are moving. It's hard to overcome KPRL issues, Court Issues, MoE issues while the foreigners are selling the stock everyday.
Today alone they've sold 60% of about 20million. Who knows how much more they want to sell?
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the deal
#7 Posted : Tuesday, August 03, 2010 1:06:54 PM
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Location: Windhoek/Nairobbery
@mv instead of selling...buy more from the Foreigner...nxt tym u will hear me saying lets buy KK....theres value here...this thing is a multinational....but for Now let the Winners Run maaan pole pole.....
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subaru
#8 Posted : Tuesday, August 03, 2010 1:11:04 PM
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a foreigner is selling large chunks may be there is smoke
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mv_ufanisi
#9 Posted : Tuesday, August 03, 2010 1:17:03 PM
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subaru wrote:
a foreigner is selling large chunks may be there is smoke


Annoying foreigner should have negotiated a deal to sell to a large buyer in a large chunk and spared us the over supply by selling on the open market.

Anyhow I can always get out of the counter as well.
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Gatheuzi
#10 Posted : Tuesday, August 03, 2010 1:18:49 PM
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Joined: 8/16/2009
Posts: 994
KK will eventually have its day. It may not be today or tommorrow but once the KPRL issue is settled, this kid will rock. Last time I checked it was trading below its NAV.

If my buses keep moving at the current speed, I will take some of the profits n u guessed me right... get into KK.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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mv_ufanisi
#11 Posted : Tuesday, August 03, 2010 1:24:16 PM
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Posts: 625
Gatheuzi wrote:
KK will eventually have its day. It may not be today or tommorrow but once the KPRL issue is settled, this kid will rock. Last time I checked it was trading below its NAV.

If my buses keep moving at the current speed, I will take some of the profits n u guessed me right... get into KK.


I'll be selling after referendum - kwa hivyo tayarisha pesa. haha
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VituVingiSana
#12 Posted : Tuesday, August 03, 2010 1:42:29 PM
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Joined: 1/3/2007
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Location: Nairobi
I am staying put... Why?

YES means more confidence & increased demand for fuel. Just what it is.

KK is also growing fast. New subsidiary in Mozambique set up to exploit the regional demand. Don't forget expansion in Burundi, Rwanda & DRC (via Rwanda)...

Aviation in East Africa is booming (see KQ) & this means sales of Jet A-1 is up as well...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#13 Posted : Tuesday, August 03, 2010 2:56:18 PM
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Joined: 3/24/2010
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Location: Black Africa
KENOL has a lot of clouds hanging over their heads in the form of court cases. No one knows in who's favour the judgements will be. We can only hope. But once these cases are done away with, investors can move on from there
GOD BLESS YOUR LIFE
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VituVingiSana
#14 Posted : Tuesday, August 03, 2010 3:11:06 PM
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youcan'tstopusnow wrote:
KENOL has a lot of clouds hanging over their heads in the form of court cases. No one knows in who's favour the judgements will be. We can only hope. But once these cases are done away with, investors can move on from there
Don't hold your breath while you wait!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kamaa
#15 Posted : Tuesday, August 03, 2010 3:45:05 PM
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Joined: 10/6/2007
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@ mv

foreigners are selling...YES!

who's buying...?
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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VituVingiSana
#16 Posted : Thursday, August 05, 2010 1:49:22 AM
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@kamaa - I am buying (well, just what I can afford!) Bought @ 10.25 & waiting for more...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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qw25041985
#17 Posted : Thursday, August 05, 2010 2:11:33 AM
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This is a very classic example of a growth stock . Their "go south" strategy will pay dividends and thus counter the low oil prices being forecastd in the coming years. ..... I wish the price cld just go down abit .
Your future depends on your dreams so go to sleep !
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sparkly
#18 Posted : Thursday, August 05, 2010 11:06:45 AM
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qw25041985 wrote:
This is a very classic example of a growth stock . Their "go south" strategy will pay dividends and thus counter the low oil prices being forecastd in the coming years. ..... I wish the price cld just go down abit .

@qw if you think the stock is a good investment buy now. Trust me, the price will never fall to what you desire.
Life is short. Live passionately.
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ProverB
#19 Posted : Thursday, August 05, 2010 12:54:03 PM
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Joined: 3/12/2010
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Location: Eastlander
qw25041985 wrote:
This is a very classic example of a growth stock . Their "go south" strategy will pay dividends and thus counter the low oil prices being forecastd in the coming years. ..... I wish the price cld just go down abit .


DUDE...what the heck is a "growth stock"???
..for one..a growth stock should atleast have an year on year ROE of AT LEAST 15 % over last 3 years..and that is just ONE factor..not considering super profits etc...

dividend payouts impede this coz that is money that could be re invested!

just because a company is expanding does not qualify it being a growth stock! AAAI!!!! Yawa!

Look.. in our market.. if out of every Ksh1 collected in revenue, 45% or more of it is retained as earnings...consider that a growth stock..especially if most of it is re invested to grow revenues...

KK moving south does not necessarily qualify it as a growth stock... international oil firms seem to be fleeing Kenya to better markets..our environment is such that to survive.. KK has to look for new markets...

wait for returns from such endeavors before calling it a growth stock.. well unless by growth stock you mean company expansion... LoL!
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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trizher
#20 Posted : Thursday, August 05, 2010 2:19:55 PM
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Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
. . .just bagged sum 2day. . . . .no hurry Chillaxing 4 now!!
...We do it for the $$$$!!
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