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Total issues a profit warning
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McReggae
#1 Posted : Monday, October 03, 2011 11:05:36 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Total kenya has issued a profit warning, details to follow!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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mlennyma
#2 Posted : Monday, October 03, 2011 11:14:13 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Safcom?some banks?,follow suit am waiting.
"Don't let the fear of losing be greater than the excitement of winning."
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mkonomtupu
#3 Posted : Monday, October 03, 2011 11:14:28 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
This was expected tell us another...when are they quitting the kenyan market?
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Sure
#4 Posted : Monday, October 03, 2011 11:17:47 AM
Rank: Member

Joined: 9/9/2010
Posts: 546
Location: Garissa
McReggae wrote:
Total kenya has issued a profit warning, details to follow!!!


Oct 3 (Reuters) - Fuel marketer Total Kenya expects its full year profit for 2011 to be significantly lower than in the year ago period, it said on Monday, citing higher interest rates, weakening of the Kenyan shilling against the dollar and the limitations of price caps that were instituted in December last year.

Total Kenya is part of French oil company Total . (Reporting by Duncan Miriri; Editing by George Obulutsa)

http://www.reuters.com/a...a-idUSN6E7KD01P20111003
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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QW25081985
#5 Posted : Monday, October 03, 2011 11:35:26 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
And kenolkobil will follow suite.
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jerry
#6 Posted : Monday, October 03, 2011 11:37:52 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
mkonomtupu wrote:
This was expected tell us another...when are they quitting the kenyan market?

Total used to give KSh 2.50 as dvdd but this year it declared KSh 1.05(for 2010). So do we expect the share to trade at KK levels of 9/=?
The opposite of courage is not cowardice, it's conformity.
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StatMeister
#7 Posted : Monday, October 03, 2011 11:42:16 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
jerry wrote:
mkonomtupu wrote:
This was expected tell us another...when are they quitting the kenyan market?

Total used to give KSh 2.50 as dvdd but this year it declared KSh 1.05(for 2010). So do we expect the share to trade at KK levels of 9/=?


Lower earnings = Significantly lower dividend this year
A bad day fishing is better than a good day at work
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guru267
#8 Posted : Monday, October 03, 2011 11:59:38 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
KK will also be negatively affected by the weakening shilling.. things will not be as rosy as we expect . .
Mark 12:29
Deuteronomy 4:16
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mkonomtupu
#9 Posted : Monday, October 03, 2011 12:01:35 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
They should call it a loss warning the half year results were only supported by sale of assets.
I would give it a price of 13-15/= maybe they should tell the french govt to tell gok to drop the price controls given the amount the parent company wants to spend in oil exploration and production in east africa. It's time to re-look at KK 9/= is expensive maybe 6-7/=
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FUNKY
#10 Posted : Monday, October 03, 2011 12:11:44 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Guys KK have already issued a "PROFIT ADVICE".
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