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KenolKobil HY 2016 ebitda +5.9%, net profit +29.5%

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mlennyma		#1 Posted : Thursday, August 04, 2016 3:17:17 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		http://af.reuters.com/ar.../kenyaNews/idAFFWN1AL0LI "Don't let the fear of losing be greater than the excitement of winning."
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mlennyma		#2 Posted : Thursday, August 04, 2016 3:18:59 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		mlennyma wrote: http://af.reuters.com/article/kenyaNews/idAFFWN1AL0LI "Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana		#3 Posted : Thursday, August 04, 2016 3:33:29 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		KK took a 400mn provision in 1H for KPRL manenos. And yet managed 1H 2016 PBT of 1.73 billion shillings versus 1.35 billion shillings year ago. I had estimated 2016 EPS of 2/- but it may fall short by Shs 0.20 = 1.80 coz of the provision. I can live with that. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Aguytrying		#4 Posted : Thursday, August 04, 2016 3:43:45 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		VituVingiSana wrote: KK took a 400mn provision in 1H for KPRL manenos. And yet managed 1H 2016 PBT of 1.73 billion shillings versus 1.35 billion shillings year ago. I had estimated 2016 EPS of 2/- but it may fall short by Shs 0.20 = 1.80 coz of the provision. I can live with that. amazing performance. It continues to surprise The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma		#5 Posted : Thursday, August 04, 2016 3:52:26 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Aguytrying wrote: VituVingiSana wrote: KK took a 400mn provision in 1H for KPRL manenos. And yet managed 1H 2016 PBT of 1.73 billion shillings versus 1.35 billion shillings year ago. I had estimated 2016 EPS of 2/- but it may fall short by Shs 0.20 = 1.80 coz of the provision. I can live with that. amazing performance. It continues to surprise fattening day by day "Don't let the fear of losing be greater than the excitement of winning."
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Pesa Nane		#6 Posted : Thursday, August 04, 2016 5:54:09 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane		#7 Posted : Thursday, August 04, 2016 6:04:19 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Interim Dividend = Ksh. 0.15 (150% 2015 interim) Register close: 26 August 2016 Interim chap chap Payable: 30 September 2016 Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane		#8 Posted : Thursday, August 04, 2016 6:21:28 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Take Aways; 1H16 PAT up +30% 1H16 net profit = Ksh. 1.19 Billion Vs 918 million Gross margin an impressive 9.4% Vs 7.5% Impairment provision of Ksh. 400 million against KPRL yield shift exposure Finance costs tamed by a 74% margin (reduced borrowing, better inventory management) Net forex gain Ksh. 39 million Vs (155 million) loss Healthy ratios at 1.33 Vs 1.24 at FY15 Shareholder funds jumped to Ksh. 9.25 Billion Vs 8.55 Billion at FY15 Improved gearing ratio of 28.8% Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann		#9 Posted : Thursday, August 04, 2016 6:32:29 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		Been laughing in Safaricom thread, it is my turn to cry 😢 on KK. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Aguytrying		#10 Posted : Thursday, August 04, 2016 6:32:44 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		Pesa Nane wrote: Take Aways; 1H16 PAT up +30% 1H16 net profit = Ksh. 1.19 Billion Vs 918 million Gross margin an impressive 9.4% Vs 7.5% Impairment provision of Ksh. 400 million against KPRL yield shift exposure Finance costs tamed by a 74% margin (reduced borrowing, better inventory management) Net forex gain Ksh. 39 million Vs (155 million) loss Healthy ratios at 1.33 Vs 1.24 at FY15 Shareholder funds jumped to Ksh. 9.25 Billion Vs 8.55 Billion at FY15 Improved gearing ratio of 28.8% If KK was my wife I would PROPOSE again, NO wonder the heavy volumes traded recently. I love the way expenses are being managed tightly and that lovely drop of finance costs. Oh that's the game changer. Shareholders funds recovering all the time since the disastrous 2012 hedging period. What more can I say. The investor's chief problem - and even his worst enemy - is likely to be himself
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