murchr wrote:murchr wrote:mlennyma wrote:murchr wrote:At 13.50/- am a seller...the technical analysis shows the highest KK can hit at this time is 14 or there about.
Can the sale of Tanzanian and Congo business trigger a profit warning for 2016 incase its captured as income?
We'll know that after seeing how much they sold in 2015 then gauge.
Net sales went down
Cash generated from Operations also went down
Sigh. Kuweni Serious.
When PRICES go down the SALES will also reduce [unless the VOLUMES rise by the same margin] but lower sales is not an indicator of 'poor business' as volumes are king.
Volumes +13% but as we have seen the price reduction [net of taxes] has been much larger. "In the year 2015, the sales volume grew by 13% as compared to 2014. The sales revenue dropped by only 4% mainly due to a drop in international oil prices where the reference Murban Crude Oil dropped by 39% in 2015."
Net cash generated from operating activities is down 5%. This could be partly attributed to sale of TZ & DRC [as KK would have reduced the level of business in TZ to reduce exposure as well as not having a full 12 months of sales].
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett