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DBLyon
#61 Posted : Thursday, March 26, 2015 1:13:02 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
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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Aguytrying
#62 Posted : Thursday, March 26, 2015 1:54:52 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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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derick
#63 Posted : Friday, March 27, 2015 12:05:37 AM
Rank: Member

Joined: 1/10/2015
Posts: 411
http://www.businessdaily...4/-/2reuofz/-/index.html
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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VituVingiSana
#64 Posted : Friday, March 27, 2015 7:49:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
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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Aguytrying
#65 Posted : Friday, March 27, 2015 10:35:50 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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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VituVingiSana
#66 Posted : Friday, March 27, 2015 11:14:06 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
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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Aguytrying
#67 Posted : Friday, March 27, 2015 11:35:44 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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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VituVingiSana
#68 Posted : Friday, March 27, 2015 11:57:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
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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Gordon Gekko
#69 Posted : Friday, March 27, 2015 12:35:06 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
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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derick
#70 Posted : Friday, March 27, 2015 12:39:58 PM
Rank: Member

Joined: 1/10/2015
Posts: 411
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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  | | Edit by user: Friday, March 27, 2015 12:44 PM | Reason: Not specified
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