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KenolKobil first HY 2011 pretax profit up 86%

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Bettertry		#141 Posted : Saturday, July 30, 2011 11:47:38 AM
Rank: Member Joined: 9/19/2010 Posts: 237 Location: Republic of Graham & Doddsville		FUNKY wrote: I doubt there will be a split but the talk about the bonus has been going on for the past 3 years. Let's see if they will declare the bonus this year. The bonus issue was addressed by JIS during the H1 2011 presentation at the Investor Briefing. Here JIS was categorically clear that a bonus issuance would only arise in the event of a MAJOR financial arrangement for the purposes of a MAJOR acquistion... Meanwhile u can go to their site & catch up on what went down during the IB. We Will Either Find a Way or Create One - HANNIBAL
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kenyainvestor		#142 Posted : Saturday, July 30, 2011 1:55:56 PM
Rank: Member Joined: 7/12/2011 Posts: 194		Bettertry wrote: FUNKY wrote: I doubt there will be a split but the talk about the bonus has been going on for the past 3 years. Let's see if they will declare the bonus this year. The bonus issue was addressed by JIS during the H1 2011 presentation at the Investor Briefing. Here JIS was categorically clear that a bonus issuance would only arise in the event of a MAJOR financial arrangement for the purposes of a MAJOR acquistion... Meanwhile u can go to their site & catch up on what went down during the IB. kenyainvestor wrote: Segman: "Dividend policy sufficient and fair way of giving returns to investors" "Bonus will be considered at a a later stage IF they go for major financing arrangement for a major acquisition within Africa" But then, even if he were to give a bonus, I doubt he would categorically say it outright Though we do know hat they have plans in Lubumbashi, Malawi, Namibia and Botswana... LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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VituVingiSana		#143 Posted : Saturday, July 30, 2011 7:00:54 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		Aguytrying wrote: @vvs. You are the guy who saw it from the start. Where do you see kk after dividend excitement dies down, after book closure. 1) I buy long-term so short term variations do not bother me. If KK was 'delisted' I would remain a shareholder coz IMHO it will be making an EPS of 3/- in FY 2013. 2) Will it drop after it is ex-div (Yes, by 50 cents) but I cannot predict short-term movements. 3) It is election time so prices may/will weaken as we get into 2012. Bottomline: 12/- is cheap. 6x PER. P/B is almost 1:1 (include various properties not revalued). If you buy a great farm cheap today, do you worry about the daily 'price' or the profits it will generate? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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youcan'tstopusnow		#144 Posted : Saturday, July 30, 2011 7:04:02 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		VVS, Lai indicated that they will not be revaluing the properties. Do they ever plan on revaluing in the near future? GOD BLESS YOUR LIFE
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VituVingiSana		#145 Posted : Saturday, July 30, 2011 7:04:44 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		The only reason for a bonus is in lieu of a dividend [so the cash can be used to expand/acquire other businesses] & not for the sake of a bonus! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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youcan'tstopusnow		#146 Posted : Saturday, July 30, 2011 7:07:52 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		VituVingiSana wrote: The only reason for a bonus is in lieu of a dividend [so the cash can be used to expand/acquire other businesses] & not for the sake of a bonus! Yeah, it would seem odd to be dishing out FAT dividends then going for a bonus. GOD BLESS YOUR LIFE
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stocksmaster		#147 Posted : Saturday, July 30, 2011 11:17:28 PM
Rank: Member Joined: 9/26/2006 Posts: 463 Location: CENTRAL PROVINCE		@ Young will like this: Kenolkobil Board has adopted a dividend policy of 40-45% dividend payment of Net Profits. Happy hunting. x handle: @stocksmaster79
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VituVingiSana		#148 Posted : Saturday, July 30, 2011 11:32:04 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		youcan'tstopusnow wrote: VVS, Lai indicated that they will not be revaluing the properties. Do they ever plan on revaluing in the near future? I doubt unless it is done for a sale. Of course, a redevelopment might require a revaluation but IFRS requires the lower of historic cost or current 'value'. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Aguytrying		#149 Posted : Sunday, July 31, 2011 7:58:47 AM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		VituVingiSana wrote: [quote=Aguytrying]@vvs. You are the guy who saw it from the start. Where do you see kk after dividend excitement dies down, after book closure. 1) I buy long-term so short term variations do not bother me. If KK was 'delisted' I would remain a shareholder coz IMHO it will be making an EPS of 3/- in FY 2013. 2) Will it drop after it is ex-div (Yes, by 50 cents) but I cannot predict short-term movements. 3) It is election time so prices may/will weaken as we get into 2012. YOU are a true value investor, like warren buffet, and for that i salute you. Thanks for the wisdom. The investor's chief problem - and even his worst enemy - is likely to be himself
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Gordon Gekko		#150 Posted : Sunday, July 31, 2011 10:54:38 AM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		I dumped everything this week to avoid the 5% withholding tax. I will buy back ex div. I've parked the cash in CFC money market at 6.2%
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