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KenolKobil FY14 PAT up 95%
Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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Did I miss the memo? Declare your holdings on your sign off? Aguytrying, if those are your holdings we have pretty similar tastes. Or similar thinking. TPS is gold. Unrecognized value, though. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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DBLyon wrote:Did I miss the memo? Declare your holdings on your sign off?
Aguytrying, if those are your holdings we have pretty similar tastes. Or similar thinking.
TPS is gold. Unrecognized value, though. There's no memo. Being a stocks forum, fugured it wouldn't hurt. great minds... The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 1/10/2015 Posts: 411
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http://www.businessdaily...4/-/2reuofz/-/index.htmlYour income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Whereas it is good to have less debt, debt is also how a firm can leverage its balance sheet or assets. In the OTS business, debt is needed when bringing in cargoes of $10-50mn each. Not many firms have that much cash in the bank. I am leery about reducing leverage just for the sake of reducing leverage. The hedges (pure speculation on currency and oil prices) by Segman is what hurt KK not the debt. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Whereas it is good to have less debt, debt is also how a firm can leverage its balance sheet or assets. In the OTS business, debt is needed when bringing in cargoes of $10-50mn each. Not many firms have that much cash in the bank.
I am leery about reducing leverage just for the sake of reducing leverage. The hedges (pure speculation on currency and oil prices) by Segman is what hurt KK not the debt. I think he's doing what the company needs right now. He's a true investor watching the downside more than the upside. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Whereas it is good to have less debt, debt is also how a firm can leverage its balance sheet or assets. In the OTS business, debt is needed when bringing in cargoes of $10-50mn each. Not many firms have that much cash in the bank.
I am leery about reducing leverage just for the sake of reducing leverage. The hedges (pure speculation on currency and oil prices) by Segman is what hurt KK not the debt. I think he's doing what the company needs right now. He's a true investor watching the downside more than the upside. I visit KK stations and I think DO has skimped on maintenance. This is biting KK now and will hurt in the future as customers move to Total/Shell. Have you used the super-slow K-Card? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Whereas it is good to have less debt, debt is also how a firm can leverage its balance sheet or assets. In the OTS business, debt is needed when bringing in cargoes of $10-50mn each. Not many firms have that much cash in the bank.
I am leery about reducing leverage just for the sake of reducing leverage. The hedges (pure speculation on currency and oil prices) by Segman is what hurt KK not the debt. I think he's doing what the company needs right now. He's a true investor watching the downside more than the upside. I visit KK stations and I think DO has skimped on maintenance. This is biting KK now and will hurt in the future as customers move to Total/Shell. Have you used the super-slow K-Card? This is a major worry since we last talked about it. I'm hoping when the debts stop biting he will spruce up the stations and service. even I don't feel like fuelling there sadly. But there was a time KK was the place to fuel. Im actually wondering where the bulk of turnover is heading to. Not from Jet fuel, Not from power generators. Could he be concentrating more on subsidiaries outside kenya Vs Kenya. (the 37 new stations acquired by subsidiaries comes to mind) The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Whereas it is good to have less debt, debt is also how a firm can leverage its balance sheet or assets. In the OTS business, debt is needed when bringing in cargoes of $10-50mn each. Not many firms have that much cash in the bank.
I am leery about reducing leverage just for the sake of reducing leverage. The hedges (pure speculation on currency and oil prices) by Segman is what hurt KK not the debt. I think he's doing what the company needs right now. He's a true investor watching the downside more than the upside. I visit KK stations and I think DO has skimped on maintenance. This is biting KK now and will hurt in the future as customers move to Total/Shell. Have you used the super-slow K-Card? This is a major worry since we last talked about it. I'm hoping when the debts stop biting he will spruce up the stations and service. even I don't feel like fuelling there sadly. But there was a time KK was the place to fuel. Im actually wondering where the bulk of turnover is heading to. Not from Jet fuel, Not from power generators. Could he be concentrating more on subsidiaries outside kenya Vs Kenya. (the 37 new stations acquired by subsidiaries comes to mind) Yes, the faster growth is from the subs (especially Rwanda which supplies DRC) and not Kenya. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Whereas it is good to have less debt, debt is also how a firm can leverage its balance sheet or assets. In the OTS business, debt is needed when bringing in cargoes of $10-50mn each. Not many firms have that much cash in the bank.
I am leery about reducing leverage just for the sake of reducing leverage. The hedges (pure speculation on currency and oil prices) by Segman is what hurt KK not the debt. I think he's doing what the company needs right now. He's a true investor watching the downside more than the upside. I visit KK stations and I think DO has skimped on maintenance. This is biting KK now and will hurt in the future as customers move to Total/Shell. Have you used the super-slow K-Card? I used it loyally, state of service stations not withstanding till the day they removed the ksh 2/- incentive.
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Rank: Member Joined: 1/10/2015 Posts: 411
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Iam jumping back into this bus again. Placed my order@9.40 hope I will get it before the market close down. Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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derick wrote:Iam jumping back into this bus again. Placed my order@9.40 hope I will get it before the market close down. Even Sub 9.00 we are headed there I think. But the day the market will stop ignoring KK, It will be fireworks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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derick wrote:Iam jumping back into this bus again. Placed my order@9.40 hope I will get it before the market close down. thankyou for making the brokers and gvt more rich. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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Rank: Member Joined: 1/10/2015 Posts: 411
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mlennyma wrote:derick wrote:Iam jumping back into this bus again. Placed my order@9.40 hope I will get it before the market close down. thankyou for making the brokers and gvt more rich. @Mlennyma with 33,700@ 10 bob @ an average of 8.4,I managed to lock in some profit. Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Dear Shareholder, Further to the 2014 audited Group results announcement, our Group Managing Director David Ohana was interviewed by two leading international TV news channels; CCTV and CNBC Africa. You may watch the interviews via the links below. CCTV https://www.youtube.com/watch?v=4RrFNIBuEQE (KenolKobil news item starts at 9:24) CNBC http://www.cnbcafrica.co...eo/?bctid=4133478651001
Regards, Caroline Mavuti Brand Manager KenolKobil Limited |
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Rank: Member Joined: 1/29/2011 Posts: 257
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He seems pretty happy with Q1 2015 and quietly confident in his outlook for 2015. "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Member Joined: 1/10/2015 Posts: 411
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He sounded soo confident Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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this is the Gospel we want preached atleast every 3 months "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Looking at kq,we have every reason to be smiling at kk "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Gordon Gekko wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Whereas it is good to have less debt, debt is also how a firm can leverage its balance sheet or assets. In the OTS business, debt is needed when bringing in cargoes of $10-50mn each. Not many firms have that much cash in the bank.
I am leery about reducing leverage just for the sake of reducing leverage. The hedges (pure speculation on currency and oil prices) by Segman is what hurt KK not the debt. I think he's doing what the company needs right now. He's a true investor watching the downside more than the upside. I visit KK stations and I think DO has skimped on maintenance. This is biting KK now and will hurt in the future as customers move to Total/Shell. Have you used the super-slow K-Card? I used it loyally, state of service stations not withstanding till the day they removed the ksh 2/- incentive. We do not want cheapskates like you!  ... The 2/- incentive is till there but on the K-Card. They need to allow easier top-ups of the K-Card. Or change to a provider like Equity/KCB/I&M who deal in this business line! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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