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VituVingiSana
#31 Posted : Friday, August 05, 2011 2:58:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
KK is smart. Even if crude drops meaning a loss for KK for fuel already purchased but it will fill up on cheap crude/fuel as well!

The good news for KK is that margins remain the same whether $60 or $100 but less need for financing if $60/bbl
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#32 Posted : Friday, August 05, 2011 3:05:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@VVS and how about at Subsidiary level where there is no pricing formula. And what do we have in those bloody tanks/storage facilities!!
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Cde Monomotapa
#33 Posted : Friday, August 05, 2011 3:08:31 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
With cheaper crude Forex and finance costs will come down for sure. KPLC, KK & Kengen will benefit a lot! smile
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Cde Monomotapa
#34 Posted : Friday, August 05, 2011 3:19:59 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
A poor US jobs report later on today will break oil prices to pieces and this time leave them there. !!60 dollar crude!!
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cnn
#35 Posted : Friday, August 05, 2011 3:31:55 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Cde Monomotapa wrote:
@. And what do we have in those bloody tanks/storage facilities!!

At half year KK inventories were at 21 billion,the six month turnover was 83 billion,do the math.For the Kenya market the ERC takes into account the average price for the previous three months.
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Cde Monomotapa
#36 Posted : Friday, August 05, 2011 3:56:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
cnn wrote:
Cde Monomotapa wrote:
@. And what do we have in those bloody tanks/storage facilities!!

At half year KK inventories were at 21 billion,the six month turnover was 83 billion,do the math.For the Kenya market the ERC takes into account the average price for the previous three months.

Aaah...cheers man! That must have been sold by now as we await the E.A August load being brought in by KK. Thanks.
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the deal
#37 Posted : Friday, August 05, 2011 7:00:37 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Look how the NSE collapsed today...
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Cde Monomotapa
#38 Posted : Friday, August 05, 2011 11:32:21 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Look how the NSE collapsed today...

Britak!!
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hisah
#39 Posted : Saturday, August 06, 2011 6:04:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Hmmm... live.mystocks.co.ke stopped updating prices since Aug 3rd. Seems they lost their keys before everyone...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#40 Posted : Saturday, August 06, 2011 6:20:04 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Hisah Things are thick..my decision to sell Member at 23.75 looks like a magicians stunt...apart from Kenol...all the stocks I hold are in the red...
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