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KENOL/KOBIL
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mv_ufanisi
#1 Posted : Tuesday, March 30, 2010 12:04:47 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
What are the expectations of the results of this company? Will they still be able to give a good dividend yield this year?
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Horton
#2 Posted : Tuesday, March 30, 2010 12:34:33 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Should be good. I expect NM to go to 1.5%-2%(almost double of FY08) And finance costs should drop.

I doubt they will give out fat divs, they have a substantial amount of debt.

I dunno, ball park figure, my personal views again, based on my calculations, hopes and etc

EPS=7.5-8.3
DPS= 3-4bob

They havent done a bonus in a looong time, hopefully, they go this route as well, like the trend is at the moment with other companies!!

Happy hunting!!!
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Gordon Gekko
#3 Posted : Tuesday, March 30, 2010 1:26:34 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Have a good feel about this one. It is one of my anchor stocks.
Last H1 they had a 400M loss, but they sent out a cautionary statement in H2 saying that would be much better. Question is, is much better enough to wipe out H1 losses, considering that PAT for 2008 was about 400M?
They expanded exponentially after the Kobil merger so sales should be good, also consider that they have the highest retail prices in the market, and they get more than their fair share of KPLC fuel for generator contracts.
The KPC award should show up in this years accounts, unless they decided that the chances of winning in 2009 were so good they factored it in their 2009 accounts.
Their paid up capital is only 75M, which for a company that generates nearly 100B in annual sales is tiny. They are also sitting on 5B equity reserves.
I really don't expect a big dividend, I expect a 1:1 bonus.
Stock up, I don't expect disappointments on this one. But then again one should have stocked up during the 55-60 range.
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youcan'tstopusnow
#4 Posted : Tuesday, March 30, 2010 1:38:52 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
This stock is really one to look out for in the next 6-12 months. They have gone on an acquisition spree in Southern Africa.
They have also expanded in Rwanda and Burundi.
I wouldn't be surprised to see it hitting 85/= in a fortnight or so.
Oil prices are picking up together with the world economy. Demand for fuel in Africa can only keep going up. KenolKobil intends to be in the front lines to benefit from this growth and so will its shareholders.
I recommend buying and holding
GOD BLESS YOUR LIFE
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Gordon Gekko
#5 Posted : Friday, April 02, 2010 6:00:31 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
They are interested in Shell, which is on the block. I dont know how they will work this one out given the 25% cap in retail business. Their current share of the market equals or exceeds this limit.
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Horton
#6 Posted : Friday, April 02, 2010 8:29:47 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Gordon Gekko wrote:
They are interested in Shell, which is on the block. I dont know how they will work this one out given the 25% cap in retail business. Their current share of the market equals or exceeds this limit.


@GG where did u see this? Coz what i ead was that Oil lybia are looking to buy these
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Gordon Gekko
#7 Posted : Friday, April 02, 2010 8:56:07 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@horton, mobile.nation.co.ke/business
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mv_ufanisi
#8 Posted : Wednesday, April 07, 2010 1:24:19 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
Profit after tax up by 47%, dividend of Kshs. 3.25 - things are looking good in 2010. Way to go Kenol.
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Horton
#9 Posted : Wednesday, April 07, 2010 5:45:09 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
mv_ufanisi wrote:
Profit after tax up by 47%, dividend of Kshs. 3.25 - things are looking good in 2010. Way to go Kenol.




Nice
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guru267
#10 Posted : Thursday, April 08, 2010 6:31:44 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mv_ufanisi wrote:
Profit after tax up by 47%, dividend of Kshs. 3.25 - things are looking good in 2010. Way to go Kenol.


nice but this is a once off because the real operating profits up only 12% and sales were down... these guys are eyeing shell and if that goes through it will be huge for them...
Mark 12:29
Deuteronomy 4:16
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