If you discount the Half year results by 25% for the second half you still have an EPS of 2.3 meaning one can get their hands in kenol at a P/E of around 5..

I can almost bet these valuations cannot last for much longer.

Better than 2H 2010 last year but not as good as 1H 2011. Overall, my range is 1.80-2.00 as full year EPS. No complaints!

@GG - I have no idea. My crystal ball doesn't go out that far!
Nevertheless, as a well-run firm with a great management I think they will do OK.

The 2 yr T-Bond yields about 10% less W/Tax = 8.5%

The current price is 11.50 & the dividend for 2011 will probably be 1/- less 5% w/tax = 0.95 = 8.25%

In 2012, I would be very happy to get 8.5% in dividends + there is a 'retained' portion that should manifest AFTER the elections. Assuming we don't kill each other.

[quote=kenyainvestor]KenolKobil projects a rise in fuel prices during ERC August review http://kenolkobil.com/im...her%20pump%20prices.pdf[/quote]
Expected! But the mwananchi wont understand why... Eventually the streets will get busy if the same happens in September... I wonder how gubberments will stem off the coming global unrest fallout...

I wont mind picking it at 5,then wait to become a new millionare in the Autumn of 2013,when @VVS projects the share price to hit 20 bob!