Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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erifloss wrote:
#1799 Posted : Saturday, May 28, 2011 4:52:27 PM
Rank: Member
Joined: 6/21/2010
Posts: 498
Location: Nairobi
@vvs, all i'm trying to show is that all the hype around KK as this future gem as it stands right now is wrong.
1. Instead of being noisemakers, they should at least concentrate on lobbying for new legislature BAT or EABL style so as to get what they want.
2. Instead of being a one man show and thus being deprived of new ground breaking ideas, they should separate the responsibilities of the BOD from that of the Management by first having a non executive chairman & maybe reconstitute its management.
3. Instead of only divesting by opening retail business in different countries, they should also look into other lines of the oil business.
4. Globally, the business of oil is highly politicised as we globally are an oil driven economy & thus as an OMC you should always know the best way of dealing with the current politik.
5. Being only 2 listed OMCs, an illusion of comfort is always created by KK coz of its liquidity within the NSE & thus its price fluctuations when as per the last market survey the largest retailer in Kenya(largest oil market in EA) was Total though this doesn't mean that Total is better.
6. I know i'll be reminded of their profitability & growth but my query is do you see them sustaining this growth?
The reality is if KK never changes its way of doing biz, i see it as the biggest loser on UG's oil and thus not as a long term prospect.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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