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KenolKobil FY 2016 net profit up 19%
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VituVingiSana
#11 Posted : Wednesday, March 08, 2017 9:10:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
heri wrote:
Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob

The 600mn KPRL write-off. Otherwise it would have been 2/- (3bn)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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heri
#12 Posted : Wednesday, March 08, 2017 9:43:25 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
VituVingiSana wrote:
heri wrote:
Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob

The 600mn KPRL write-off. Otherwise it would have been 2/- (3bn)


Thanks. What is the total amount that needs to be written off?
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mlennyma
#13 Posted : Wednesday, March 08, 2017 9:53:56 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
heri wrote:
VituVingiSana wrote:
heri wrote:
Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob

The 600mn KPRL write-off. Otherwise it would have been 2/- (3bn)


Thanks. What is the total amount that needs to be written off?

kitu 1.2b if I got it right ...Kk is among the few nse companies inspiring some hope however they need to work very hard this year to avoid a profit decline given the negative factors playing out this year
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Wednesday, March 08, 2017 9:57 AM | Reason: Not specified
VituVingiSana
#14 Posted : Wednesday, March 08, 2017 10:25:05 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
heri wrote:
VituVingiSana wrote:
heri wrote:
Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob

The 600mn KPRL write-off. Otherwise it would have been 2/- (3bn)


Thanks. What is the total amount that needs to be written off?

It's interesting. They do not need to write it off BUT they will write it off to "clean up" the books. Could this be done to attract another buyer (eg Puma)?

Amount outstanding as @mlennyma said is 600mn more.

2H 2017 will have challenges but Jan and Feb were very good for volumes. Strong volumes, stable oil prices and stable KES all portend a better 2017.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#15 Posted : Wednesday, March 08, 2017 4:50:06 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Someone asked Ohana about challenges on getting paid for supplying airlines with fuel.
Ans: We only supply international airlines & they don't have a problem paying us.
😂😂😂
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#16 Posted : Wednesday, March 08, 2017 5:01:11 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
VituVingiSana wrote:
Someone asked Ohana about challenges on getting paid for supplying airlines with fuel.
Ans: We only supply international airlines & they don't have a problem paying us.
😂😂😂

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
They don't supply airlines like I speak in codes
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#17 Posted : Wednesday, March 08, 2017 5:43:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Someone asked Ohana about challenges on getting paid for supplying airlines with fuel.
Ans: We only supply international airlines & they don't have a problem paying us.
😂😂😂

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
They don't supply airlines like I speak in codes

40% market share of AvGas. Ohana leaves the rest for those who don't mind supplying late payers! Those KK does supply pay within 2 weeks. He didn't mention a single name. Ohana speaks in code.

Other customers for diesel & fuel oil include KenGen & Rabai who pay on time. Despite benefits to KK, why are we still burning diesel/fuel oil?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#18 Posted : Wednesday, March 08, 2017 6:13:11 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
heri wrote:
VituVingiSana wrote:
heri wrote:
Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob

The 600mn KPRL write-off. Otherwise it would have been 2/- (3bn)


Thanks. What is the total amount that needs to be written off?

It's interesting. They do not need to write it off BUT they will write it off to "clean up" the books. Could this be done to attract another buyer (eg Puma)?

Amount outstanding as @mlennyma said is 600mn more.

2H 2017 will have challenges but Jan and Feb were very good for volumes. Strong volumes, stable oil prices and stable KES all portend a better 2017.


These are tricks used by managers to secure their jobs. Segman could have turned around KK and returned it to +3B PBT in 3 yrs but posting 15% for 10 yrs wins accolades from shareholders while posting 1000% in 2 yrs then flatlining can lead to being fired.

Wenger knows it very well and tries his best not to win the premier league just so that he can retain his job.
Life is short. Live passionately.
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sparkly
#19 Posted : Wednesday, March 08, 2017 6:17:05 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
heri wrote:
VituVingiSana wrote:
heri wrote:
Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob

The 600mn KPRL write-off. Otherwise it would have been 2/- (3bn)


Thanks. What is the total amount that needs to be written off?

It's interesting. They do not need to write it off BUT they will write it off to "clean up" the books. Could this be done to attract another buyer (eg Puma)?

Amount outstanding as @mlennyma said is 600mn more.

2H 2017 will have challenges but Jan and Feb were very good for volumes. Strong volumes, stable oil prices and stable KES all portend a better 2017.


These are tricks used by managers to secure their jobs. Segman could have turned around KK and returned it to +3B PBT in 3 yrs but posting 15% for 10 yrs wins accolades from shareholders while posting 1000% in 2 yrs then flatlining can lead to being fired.

Wenger knows it very well and tries his best not to win the premier league just so that he can retain his job.
Life is short. Live passionately.
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VituVingiSana
#20 Posted : Wednesday, March 08, 2017 11:44:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
heri wrote:
VituVingiSana wrote:
heri wrote:
Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob

The 600mn KPRL write-off. Otherwise it would have been 2/- (3bn)


Thanks. What is the total amount that needs to be written off?

It's interesting. They do not need to write it off BUT they will write it off to "clean up" the books. Could this be done to attract another buyer (eg Puma)?

Amount outstanding as @mlennyma said is 600mn more.

2H 2017 will have challenges but Jan and Feb were very good for volumes. Strong volumes, stable oil prices and stable KES all portend a better 2017.


These are tricks used by managers to secure their jobs. Segman could have turned around KK and returned it to +3B PBT in 3 yrs but posting 15% for 10 yrs wins accolades from shareholders while posting 1000% in 2 yrs then flatlining can lead to being fired.

Wenger knows it very well and tries his best not to win the premier league just so that he can retain his job.

The 600mn provisioned in 2016 & 500-600mn to be provisioned in 2017 aren't cash losses. As you said, when the courts ultimately rule in favor of OMCs, they could be written back to boost profits in a slow year. That said, folks aren't dumb enough not to see through it.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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