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KenolKobil first HY 2011 pretax profit up 86%
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Bettertry
#81 Posted : Wednesday, July 27, 2011 10:25:10 AM
Rank: Member

Joined: 9/19/2010
Posts: 237
Location: Republic of Graham & Doddsville
earthvoice wrote:
mukiha wrote:
QW25071985 wrote:

The didvidend yeild of 5.2% minus a brokers comission of 5.0% . Lol . you have made my day. Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Kweli; hesabu ni ngumu!!

Laughing out loudly he he he Applause

@QW, hope u meant KRA... otherwise where do brokers come in to have a piece of ur share during a dividend payout???
We Will Either Find a Way or Create One - HANNIBAL
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mukiha
#82 Posted : Wednesday, July 27, 2011 10:27:26 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
the deal wrote:
Cde Monomotapa wrote:
Looking a bit further it confirms that ESOPs are the way to go. Look @ SA and all its Unions problems, nkt!! (or here with KQ). With a successful ESOP then employee expectations & objectives are directly linked to the companies progress!!

In Kenya people work for peanuts...ask those KQ ground staff how much they're paid n u will be shocked...a Vet Doc after spending 5 yrs in Uni gets paid 50K in Kenya while in Namibia the later will pocket around 400K. In SA its all about overpaid lazy workers wanting more money...overall ESOPS are good they bring a sense of ownership among staff...i'm sure morale levels are sky high among JIS troops.


Yep... and a packet of milk goes for 100bob in Namibia...

Be careful when comparing salaries across boarders
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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muganda
#83 Posted : Wednesday, July 27, 2011 10:30:29 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
I see the KenolKobil results announcement http://www.kenolkobil.com/image...alf%20year%20results.pdf and I see signs of a well run company.

Net sales up 38%
...yet gross profit grows 58%

and Operating profit is up 89%
...hence profit before tax up 86%


It seems other companies in the exchange could achieve this effeciency if they stopped fattening their cost base at the slightest increase in top line.
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kenyainvestor
#84 Posted : Wednesday, July 27, 2011 10:38:35 AM
Rank: Member

Joined: 7/12/2011
Posts: 194
Aguytrying wrote:
kenyainvestor wrote:
KenolKobil is making too much money. Where are THE THREE STOOGES? Anxious

good review. In your estimate of 2011 full yr, you put net profit at 2.87b. While half year net profit as at now is 2.1b. Meaning u predict they will make 0.7b in H2. Ie less than 50 percent of H1. Why is this?


KenolKobil did not have as brilliant a H2 2010 as H1 2010

H1 2010 - 1,179,493,000
H2 2010 - 597,147,000
FY 2010 - 1,776,640,000

Management said that "Going forward, Management forecast that the 2nd Half
of 2011 will be stronger than same period of 2010."

H1 2011 - 2,157,050,000
H2 2011(?) - 716,576,000 (20% more than H2 2010)
FY 2011(?) - 2,873,626,000

The 2.87 Billion is the minimum I think they will make in Full Year 2011. I feel the EPS will likely hit 2/=
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TWITTER HANDLE: @kenyainvestor
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kenyainvestor
#85 Posted : Wednesday, July 27, 2011 10:46:45 AM
Rank: Member

Joined: 7/12/2011
Posts: 194
@Aguytrying, the 20% growth from H2 2010 might have also been a touch conservative. If I used a figure such as 50%, here is how it will look like.

H1 2011 - 2,157,050,000
H2 2011(?) - 895,721,000(50% more than H2 2010)
FY 2011(?) - 3,052,771,000

EPS will be 2.07/=

An EPS of 2/= is thus well within range
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  | | Edit by user: Wednesday, July 27, 2011 10:47 AM | Reason: Not specified
the deal
#86 Posted : Wednesday, July 27, 2011 10:48:10 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mukiha wrote:
the deal wrote:
Cde Monomotapa wrote:
Looking a bit further it confirms that ESOPs are the way to go. Look @ SA and all its Unions problems, nkt!! (or here with KQ). With a successful ESOP then employee expectations & objectives are directly linked to the companies progress!!

In Kenya people work for peanuts...ask those KQ ground staff how much they're paid n u will be shocked...a Vet Doc after spending 5 yrs in Uni gets paid 50K in Kenya while in Namibia the later will pocket around 400K. In SA its all about overpaid lazy workers wanting more money...overall ESOPS are good they bring a sense of ownership among staff...i'm sure morale levels are sky high among JIS troops.


Yep... and a packet of milk goes for 100bob in Namibia...

Be careful when comparing salaries across boarders

To the contrary life in Namibia is still relatively affordable compared to Kenya, Ok apart from Veggies and milk etc stuff you buy from club20...morale of the story is the Nam Vet Doc with a 400K salary will be well motivated to go to work compared to the Kenyan Vet Doc with 50K salary..most likely he will spend most of his office time looking for ways to supplement his income...thus productivity and efficiency goes through the window.
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the deal
#87 Posted : Wednesday, July 27, 2011 1:05:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Operating margins in the oil sector are kidogo no wonder Total will ever struggle read more here http://contrarianinvesti...1-earnings-analysis.html
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Cde Monomotapa
#88 Posted : Wednesday, July 27, 2011 1:26:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Fuel like booze is a high volume low margin business. KK is operating on Pan-African platform and for that reason Total Kenya will find it hard to trounce KK revenue & profit/loss wise.
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Gordon Gekko
#89 Posted : Wednesday, July 27, 2011 3:53:57 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Gordon Gekko wrote:
cnn wrote:
The one and only J.Segman live on CNBC tomorrow at 1.40pm,make a date.


Charles Njogu, put this interview on the website, like you did with the AGM.


Thank you Charles, you da man!!!

http://www.youtube.com/u.../kobilkenol?feature=mhum
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Aguytrying
#90 Posted : Wednesday, July 27, 2011 4:15:26 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@kenyainvesting. Your estimates are well thought out and make sense. However i still wonder why a big difference between kenolkobil's H1 and H2.
The investor's chief problem - and even his worst enemy - is likely to be himself
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