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KENOL/KOBIL
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ProverB
#41 Posted : Thursday, May 06, 2010 9:51:22 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
mv_ufanisi wrote:
@subaru - KenolKobil has announced a split of 1:10 which shareholders can approve on May 20 - expect this baby to rally!



i wonder what Warren Buffet enthusiasts think of this.

For hose trading please ignore this comment..

1:10 split???
This is just stupid. what benefit is there to the shareholder that his holding is exposed to such vagaries of price plays??? not gud at all.. Kenol itself is benefiting nothing here!! apart from maybe increased shareholder costs!!
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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guru267
#42 Posted : Thursday, May 06, 2010 10:02:57 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@ProverB there is no problem with splitting the shares and the price will rally...

i mean Kenol Kobil must be expecting an explosion in their EPS probably from acquisitons and oil price recovery which will send the price soaring beyond anyones reach so splitting the shares makes them affordable to wangui and hence creates more demand for them thus you'll never see a P/E of less than 10 ever again on this counter after the split...
Mark 12:29
Deuteronomy 4:16
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mv_ufanisi
#43 Posted : Thursday, May 06, 2010 10:05:39 AM
Rank: Member

Joined: 1/15/2010
Posts: 625
@ ProverB - we now live in the "kadogo" economy. All the smart companies have realized this, if BlueBand is sold in 10 bob packs it sells more. So all KENOL is doing is making the stock affordable to more people. Current shareholders are not complaining and I'm sure the resolution will pass at the AGM.

The speculators are also likely to join in the parade, making for huge swings during which fortunes are made or lost at the NSE.
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  | | Edit by user: Thursday, May 06, 2010 10:12 AM | Reason: Not specified
guru267
#44 Posted : Thursday, May 06, 2010 10:13:38 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
safcom has finally reached my liquidation price... i'll definately be using the proceeds to fly into Kenol Kobil at these levels...

i just hope it can slow down a bit and let a sister get in...
Mark 12:29
Deuteronomy 4:16
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the deal
#45 Posted : Thursday, May 06, 2010 11:53:34 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
rule 203: never chase a stock....
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guru267
#46 Posted : Thursday, May 06, 2010 12:07:00 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
rule 203: never chase a stock....


@the deal i know the rule all so well but there are some exceptions...

my major worry with this counter is that its relatively illiquid so it might take a long time for me to stock up everything i need and who knows where the price is headed....

and putting a market order on illiquid stocks is very dangerous especially with our confused brokers...
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#47 Posted : Thursday, May 06, 2010 12:38:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
@cnn - You have made a great decision...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wanyina
#48 Posted : Thursday, May 06, 2010 2:06:29 PM
Rank: Member

Joined: 4/1/2008
Posts: 141
@WINSTON
which one is KPC ?or you mean KP&L
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VituVingiSana
#49 Posted : Thursday, May 06, 2010 2:18:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
IMHO... We are looking at 110/- for Kenol on Friday!

Then after 20 May (2 weeks away)... the shares will go even higher... If it hits 13 (post-split) is like 130/- leo...

I wish KK would print 1Q 2010 results... This wud be a boost to the price!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mv_ufanisi
#50 Posted : Thursday, May 06, 2010 2:37:05 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
@VVS - You seem to be in all the right buses. It looks like your portfolio is headed to Joburg for the World Cup!
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  | | Edit by user: Thursday, May 06, 2010 2:39 PM | Reason: Not specified
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