@murchr
How you account for this is as follows.
When KK sold TZ as a going concern and Lubu as an asset you book the gain over historical cost or book value depending on how you hold the asset in your books. In KK's case the gain was approx 450m for the two assets. At the bottom you if you have losses or profits from discontinued operations you disclose them on a separate line. In KK's case, these were 464m. In summary the sale of KK had an immediate positive impact on cashflows because they received Ks 1.681B from the sale which was used to retire debt whereas the capital gain was offset by the loss from discontinued operations but going forward no more negatives from these Tz business for consolidation.

@VVS, Kausha. That investor conference has some hair raising information. I like how in touch he is with the core day to day operations. I hope this enthusiasm continues as kk grows after paying down debt.

On FY 2016 profit... The PAT for FY 2015 year was 2.01 bn that's what we're calculating eps with. On that basis I can estimate 2.5bn - 3.0bn for FY 2016. Or maybe even higher, because of all the advantages this year, namely. 465m loss from TZ not recurring, reduced finance cost due to lower debt. And possibly less foreign exchange losses but too early to tell. According to MD were already up 500k compared to last year at this time.

So 2.5- 3.0bn for me with a possibility of even higher. Thats at least 25% Growth in pat.

8.00 would be a dream come true. I might have to sell a kidney to add more shares. Because 18-20 + is guaranteed in the next bull

After reading the transcript of the Conference Call and going through the Briefing, I do have questions which I hope are answered in the Annual Report. If not, there's always the AGM.

@Kausha - Yes, I am on board for 2.5bn ceteris paribus as the minimum. 3bn is possible if KK sells much more fuel vs 2015. Seems 1Q is going very well for KK.
@AGuy - I am looking to buy more as it dips below 10. I might even sell some of my other stars but all my picks have been chosen for a reason.

KK - Management A, Finances A, Profit growth FY 2016 A
Williamson - Management A, Finances A, Profits FY 2015-16 A but 2016-17 B- [lower tea prices, elections], Profit growth (over 2015-16) D
I&M - Management A, Finances A, Profits FY 2016 A- [Bad debts, legislation, elections], Profit Growth 2016 C
KenyaRe - Management B [GoK influence but I like the CEO], Finances A, Profits FY 2015 A, Profits 2016 A [T-Bills, T-Bonds, etc]
Unga - Management A, Finances B [Not cash rich, debt for Ennsvalley, storage expansion and new wheat mill, maize shortage in 2H], Profits FY 2015-16 B+, Profits 2016-17 A-, Profit Growth A-

I like the 'diversity' in FMCG (fuel & food), Finance [banking & insurance), Agric [hedge against weakening KES].
Cash rich except Unga.
Banks are harder to analyze but I&M is a conservative bank.
KenyaRe is GoK but plods along with underwriting profits bolstered by a safe portfolio of assets.

I am urging all KK enthusiasts to sell now and re-enter later @8 bob as Mr. bear is in town his tongue wagging as he knows the bloodletting in the street is imminent. I am patient as I know if I miss this opportunity as Mr. bear looms large in the central of the capital it will be very difficult to obtain a low bargain later on.

Good news. It makes more sense for KK to rent space. I find firms that 'own' space often use it poorly with empty offices, grandiose offices, etc. Renting space means a chq is written annually and can be reviewed. Over time as tech takes over, less space is required. Look at Equity which has moved transactions to servers instead of 'paper' at the branches.

Ohana, pay down that debt!

[or KK can contribute the land in exchange for a share of the new building. No need for KK to put up cash + use the asset + re-design the petrol station into one that serves the market well]

I think this bus has clearly left the stage. Any hope of loading up more is disappearing every passing day.

Nangoja at sub 7.50.

Top mover today. 92.7 million. 99% percent foreign buys. Thats a record breaking trade, it's been years since such volumes traded. Looks like there exists hidden demand as their used to be hidden supply at 8.00.

In a few months we'll know if it was distribution

@Kausha @AGuy - When do we feast? I think 2018 is the year of the takeover. 20?