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