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KENOL-KOBIL 2014
Rank: Elder Joined: 8/16/2011 Posts: 2,389
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Kausha wrote:At what margin? KK off 2014 numbers will clearly demonstrate oil distribution is first and foremost a margin game then volumes.
KK does business in 10 countries. Market share in Kenya not the only indicator of business performance.  But the whole brothe is stired in Kenya!!! Wish all guys who love KK a Merry Xmas and a waiting 2015 year of better DVDDs
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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I asked here what's the input of the 9 countries in kks profit because they seem to be just the names. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Another opinion on Business Daily, I wonder if it is valid as I no longer trust our papers!!!!!!!!!!!!! http://www.businessdaily...8/-/v84ykuz/-/index.html
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Rank: Elder Joined: 8/16/2011 Posts: 2,389
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Is it True That for those stocks with Final Year Ending 2014 actually close their accounting books on 31/12/2014 and start stock taking? Then why the delay in FY results untill Feb, March, April etc and have another Book closure for the Dividends or bonuses? Why all the Drama as again the First quarter stand by itself again for 2015? Or is it Business Creaming?
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Realtreaty wrote:Is it True That for those stocks with Final Year Ending 2014 actually close their accounting books on 31/12/2014 and start stock taking? Then why the delay in FY results untill Feb, March, April etc and have another Book closure for the Dividends or bonuses? Why all the Drama as again the First quarter stand by itself again for 2015? Or is it Business Creaming? What do you mean final year ending 2014 or you meant final quarter? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Realtreaty wrote:Is it True That for those stocks with Final  Year Ending 2014 actually close their accounting books on 31/12/2014 and start stock taking? Then why the delay in FY results untill Feb, March, April etc and have another Book closure for the Dividends or bonuses? Why all the Drama as again the First quarter stand by itself again for 2015? Or is it Business Creaming? Book closure for corporate actions (dividends, bonuses, rights etc) refers only to closure of shareholder REGISTERS and not financial/accounting books Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 8/14/2009 Posts: 244
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Realtreaty wrote:Is it True That for those stocks with Final Year Ending 2014 actually close their accounting books on 31/12/2014 and start stock taking? Then why the delay in FY results untill Feb, March, April etc and have another Book closure for the Dividends or bonuses? Why all the Drama as again the First quarter stand by itself again for 2015? Or is it Business Creaming? When the year closes, and as yo say, the company takes stock of all assets and liabilities. They then embark on preparing the final books of accounts. This may take sometimes depending on company's systems, operating procedures and approval processes. The account are then submitted to the external auditor, who have to confirm them. The process may be long is the auditor raises issues. Once the auditors give their opinion, the results are released. Given these processes, it is not practically feasible for any company to release the final accounts in Jan. Even those that release theirs in the month of Feb/Mar are those with superior systems such that by the time they close the year, their financials are more or less ready.
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Rank: Elder Joined: 8/16/2011 Posts: 2,389
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Will the SuperDogs rise to close the year with a bang? How far can KK move up by 31 Dec, 2014. What is the best deal , under 10 or over 10?
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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stock.enigma wrote:Realtreaty wrote:Is it True That for those stocks with Final Year Ending 2014 actually close their accounting books on 31/12/2014 and start stock taking? Then why the delay in FY results untill Feb, March, April etc and have another Book closure for the Dividends or bonuses? Why all the Drama as again the First quarter stand by itself again for 2015? Or is it Business Creaming? When the year closes, and as yo say, the company takes stock of all assets and liabilities. They then embark on preparing the final books of accounts. This may take sometimes depending on company's systems, operating procedures and approval processes. The account are then submitted to the external auditor, who have to confirm them. The process may be long is the auditor raises issues. Once the auditors give their opinion, the results are released. Given these processes, it is not practically feasible for any company to release the final accounts in Jan. Even those that release theirs in the month of Feb/Mar are those with superior systems such that by the time they close the year, their financials are more or less ready. Year end closing has no relationship to stock taking. Stock taking is done at any time, to verify physical stocks. Books closure can rely on booked items, which auditors check on a test basis to ascertain correctness. With good verifiable systems you don't have to stock take at year end.
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Rank: Elder Joined: 8/16/2011 Posts: 2,389
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@Gordon, the guy was very close to the answer. Ofcourse annual stock taking is done and is a requirement for proper auditing as there is no approximations and or is done with the help of quarter stocks taking if verified.
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