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Q3 2017: A Strategic Re-entry into the stock market-NSE
Rank: Member Joined: 3/26/2012 Posts: 830
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I took some time to examine my investment journey over the years. With the index hovering above the 3600 mark from lows of about 2800 in January, it is safe to assume that we are squarely in a bull market. A quick check of demand and supply across most counters in the exchange in the last few days also supports this claim. There is more demand than supply. With the election around the corner, I have decided to make a re-entry and not wait for the elections to make my first move. If the elections are peaceful, I expect a major bull run to ensue which may make some shares expensive and reduce potential gains. First, I would like to expressly say that I will avoid banking stocks until their HY results are out. The Q1 results across the sector revealed anemic growth due to the rates cap. I expect the banks that have expanded beyond Kenyan borders successfully to survive this storm over time. Here is my first pick for 2017: Total KenyaCurrent price:- Ksh 20.5 Current P/E:- 5.775 Dividend yield:- 5.17% Growth in PAT in last 4 years FY 2013:- 1.3 billion FY 2014:- 1.4 billion FY 2015:- 1.6 billion (+13.4%) FY 2016:- 2.2 billion (+38.3%) From the above figures, it is clear that the company has entered a high growth phase (+38% PAT for 2016) and has been performing well since 2013. The management has a positive outlook for the company going forward. I am also impressed by the growth in its "other income" segment which was 962 million in 2016 and 766 million in 2015. The company is making serious efforts to earn non-fuel income which is commendable. Additionally, the company has been increasing its dividend payout since 2013 as follows: 2013:- 0.60 2014:- 0.70 2015:- 0.77 2016:- 1.06 NB: Total Outre Mer owns 92.26% of the company. It has(72.19%) in the form of preference shares. The parent company has no known intentions of redeeming the shares. STARTING CAPITAL:- Ksh 1,000,000 Investment activity 1:- Buying 15,000 shares (Total KE) at Ksh 20.5 per share (ex dividend). 20.5*15000+(20.5*15,000)*0.0185= Ksh 313, 189 Portfolio: 15,000 shares (Total) Ksh 686,811 (cash) Happy Hunting! A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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I cannot sleep. So, how about some fun. Humor me if you may. S.Mutaga III wrote:An Argument In Favor Of A Speculative Investment In Total Kenya Prior To 08 August 2017
Prologue
As at 22 June 2017, the Nairobi Securities Exchange’s All Share Index has risen from a low 2800 in January 2017 to slightly above 3600.
In addition, demand has exceeded supply on most counters within the last few days.
In this regard, it is safe to assume that the market is firmly in the bullish territory.
Speculative Investment Strategy
The best opportunity to make maximum returns involves entering the market on the buy side before the Erections (sic) on 08 August 2017.
The rationale behind this is that should these Erections (sic) happen peacefully, a raging bull will invade the Nairobi Securities Exchange.
This shall make subsequent buy side entry into this market expensive.
Banking Sector: A Word Of Caution
A speculative investor must avoid securities within the banking sector until the 2017 Half Year results are safely in the public domain.
The 2017 First Quarter results across this sector reveal anemic growth founded in the Interest Rates Capping Law that has handicapped their biggest income source.
Banks with excellent representation outside Kenyan may, however weather this storm with time.
The Total Kenya Security
Ownership
Total Kenya is owned by Total Outre Mer. The Parent company owns 92.26 % of this company. 72.19 % of these are in the form of Preference Shares.
In addition, the parent company has not indicated any intentions to redeem their shareholding.
Total Kenya Market Performance
The current share price on the Nairobi Securities Exchange stands at Kshs. 20.5. Its current Price to Earnings Ratio stands at 5.775, while its latest Dividend Yield stands at 5.17 %.
Steady Growth
For the 2013 financial year, the company made Kshs. 1.3 billion in profits after taxation. This rose to Kshs. 1.4 billion during the 2014 financial year.
During the 2015 financial year, the firm made 13.4 % more in profits after taxation as this figure rose to Kshs. 1.6 billion.
In the 2016 financial year, profits after taxation rose 38.3 % higher to Kshs. 2.2 billion.
Other Income
Besides its core functions, Total Kenya made Kshs. 926 million in income for the 2015 financial year.
This non-core function income fell to Kshs. 766 million during the 2016 financial year.
Dividend Payout
This firm steadily increased its dividend payout to its shareholders for the last four financial years.
Kshs. 0.60 per share was paid out as dividend in 2013, Kshs. 0.70 in 2014, Kshs. 0.77 in 2015, and Kshs. 1.06 in dividend per share was paid out to shareholders in 2016.
Performance Conclusion
The above figures paint a clear picture that Total Kenya has entered a pretty high growth phase.
In addition, this firm has been giving a sterling performance since 2013 and has made commendable efforts towards making non-core function income.
The firm’s management has presented a positive outlook for their charge going forward.
Sample Investor Foray
This investor has set aside Kshs. 1,000,000 as initial capital to venture into this firm.
His first activity on this counter involved buying 15,000 Ex Dividend shares of Total Kenya at Kshs. 20.5 each.
For this transaction, 15,000 shares at Kshs. 20.50 cost him Kshs. 307,500.00
The brokerage fees for this transaction cost him 20.5 x 15,000 x 0.0185, which is Kshs. 5,689.00
The total cost of his foray into this counter was Kshs. 313,189.00
Sit back and enjoy the show.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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S.Mutaga III wrote:I took some time to examine my investment journey over the years. With the index hovering above the 3600 mark from lows of about 2800 in January, it is safe to assume that we are squarely in a bull market. A quick check of demand and supply across most counters in the exchange in the last few days also supports this claim. There is more demand than supply. With the election around the corner, I have decided to make a re-entry and not wait for the elections to make my first move. If the elections are peaceful, I expect a major bull run to ensue which may make some shares expensive and reduce potential gains. First, I would like to expressly say that I will avoid banking stocks until their HY results are out. The Q1 results across the sector revealed anemic growth due to the rates cap. I expect the banks that have expanded beyond Kenyan borders successfully to survive this storm over time. Here is my first pick for 2017:
Total Kenya
Current price:- Ksh 20.5
Current P/E:- 5.775
Dividend yield:- 5.17%
Growth in PAT in last 4 years
FY 2013:- 1.3 billion
FY 2014:- 1.4 billion
FY 2015:- 1.6 billion (+13.4%)
FY 2016:- 2.2 billion (+38.3%)
From the above figures, it is clear that the company has entered a high growth phase (+38% PAT for 2016) and has been performing well since 2013. The management has a positive outlook for the company going forward. I am also impressed by the growth in its "other income" segment which was 962 million in 2016 and 766 million in 2015. The company is making serious efforts to earn non-fuel income which is commendable. Additionally, the company has been increasing its dividend payout since 2013 as follows:
2013:- 0.60
2014:- 0.70
2015:- 0.77
2016:- 1.06
NB: Total Outre Mer owns 92.26% of the company. It has(72.19%) in the form of preference shares. The parent company has no known intentions of redeeming the shares.
STARTING CAPITAL:- Ksh 1,000,000
Investment activity 1
:- Buying 15,000 shares (Total KE) at Ksh 20.5 per share (ex dividend).
20.5*15000+(20.5*15,000)*0.0185= Ksh 313, 189
Portfolio:
15,000 shares (Total)
Ksh 686,811 (cash)
Happy Hunting! Assume anything at your own risk. It could also be a bull-trap. @Hisah said bear will be over when Safcom price, among others, tumbles
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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@SMutaga3 one of the few real traders/investors at the NSE.. I have watched your moves on fantasey and infrequent but wise comments on the correct stock picks.. I wish you all the best
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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Check wazua thread KenolKobil & Total-Kenya Valuation and Recommendation post no125 I find satisfaction in owning great business,not trading them
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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S.Mutaga III wrote:I took some time to examine my investment journey over the years. With the index hovering above the 3600 mark from lows of about 2800 in January, it is safe to assume that we are squarely in a bull market. A quick check of demand and supply across most counters in the exchange in the last few days also supports this claim. There is more demand than supply. With the election around the corner, I have decided to make a re-entry and not wait for the elections to make my first move. If the elections are peaceful, I expect a major bull run to ensue which may make some shares expensive and reduce potential gains. First, I would like to expressly say that I will avoid banking stocks until their HY results are out. The Q1 results across the sector revealed anemic growth due to the rates cap. I expect the banks that have expanded beyond Kenyan borders successfully to survive this storm over time. Here is my first pick for 2017:
Total Kenya
Current price:- Ksh 20.5
Current P/E:- 5.775
Dividend yield:- 5.17%
Growth in PAT in last 4 years
FY 2013:- 1.3 billion
FY 2014:- 1.4 billion
FY 2015:- 1.6 billion (+13.4%)
FY 2016:- 2.2 billion (+38.3%)
From the above figures, it is clear that the company has entered a high growth phase (+38% PAT for 2016) and has been performing well since 2013. The management has a positive outlook for the company going forward. I am also impressed by the growth in its "other income" segment which was 962 million in 2016 and 766 million in 2015. The company is making serious efforts to earn non-fuel income which is commendable. Additionally, the company has been increasing its dividend payout since 2013 as follows:
2013:- 0.60
2014:- 0.70
2015:- 0.77
2016:- 1.06
NB: Total Outre Mer owns 92.26% of the company. It has(72.19%) in the form of preference shares. The parent company has no known intentions of redeeming the shares.
STARTING CAPITAL:- Ksh 1,000,000
Investment activity 1
:- Buying 15,000 shares (Total KE) at Ksh 20.5 per share (ex dividend).
20.5*15000+(20.5*15,000)*0.0185= Ksh 313, 189
Portfolio:
15,000 shares (Total)
Ksh 686,811 (cash)
Happy Hunting! im sure you will make great capital gains with the coming bulls. I held this stock from last year only to dispose it the other day due to my strategic reasons. im really glad for your analysis.i have financial results for both year 2015 and 2016.which i went through. I didnt like the negative cashflow which currently is kshs 278,826,000. I mean,why pay dividends of kshs 484,748,000 only to remain in negative cash flow? While its true the PAT has been increasing yoy,the revenue has been decreasing yoy i.e 2014-kshs 171,221,794,000 2015-ksh138,920,417,000 2016-kshs111,708,908,000 i wondered why is the revenue decreasing while net profit is increasing? i went through the income and expenditure and i didnt trust what i felt was like kind of playing with books to hoodwink the shareholders. i didnt like total outermer ownership of 93% in total kenya.why should the company be in negative cashflow with such big father? i believe a good company should turn debts into positive cash flow.kengen is doing exactly that. But i wish you the best cause i went in at 14.50 and left at 22.50.i know you will make it.i left because i like taking long term positions in stocks i buy.So im more on growing dividend yield. all the best. Towards the goal of financial freedom
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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Ebenyo wrote:S.Mutaga III wrote:I took some time to examine my investment journey over the years. With the index hovering above the 3600 mark from lows of about 2800 in January, it is safe to assume that we are squarely in a bull market. A quick check of demand and supply across most counters in the exchange in the last few days also supports this claim. There is more demand than supply. With the election around the corner, I have decided to make a re-entry and not wait for the elections to make my first move. If the elections are peaceful, I expect a major bull run to ensue which may make some shares expensive and reduce potential gains. First, I would like to expressly say that I will avoid banking stocks until their HY results are out. The Q1 results across the sector revealed anemic growth due to the rates cap. I expect the banks that have expanded beyond Kenyan borders successfully to survive this storm over time. Here is my first pick for 2017:
Total Kenya
Current price:- Ksh 20.5
Current P/E:- 5.775
Dividend yield:- 5.17%
Growth in PAT in last 4 years
FY 2013:- 1.3 billion
FY 2014:- 1.4 billion
FY 2015:- 1.6 billion (+13.4%)
FY 2016:- 2.2 billion (+38.3%)
From the above figures, it is clear that the company has entered a high growth phase (+38% PAT for 2016) and has been performing well since 2013. The management has a positive outlook for the company going forward. I am also impressed by the growth in its "other income" segment which was 962 million in 2016 and 766 million in 2015. The company is making serious efforts to earn non-fuel income which is commendable. Additionally, the company has been increasing its dividend payout since 2013 as follows:
2013:- 0.60
2014:- 0.70
2015:- 0.77
2016:- 1.06
NB: Total Outre Mer owns 92.26% of the company. It has(72.19%) in the form of preference shares. The parent company has no known intentions of redeeming the shares.
STARTING CAPITAL:- Ksh 1,000,000
Investment activity 1
:- Buying 15,000 shares (Total KE) at Ksh 20.5 per share (ex dividend).
20.5*15000+(20.5*15,000)*0.0185= Ksh 313, 189
Portfolio:
15,000 shares (Total)
Ksh 686,811 (cash)
Happy Hunting! im sure you will make great capital gains with the coming bulls. I held this stock from last year only to dispose it the other day due to my strategic reasons. im really glad for your analysis.i have financial results for both year 2015 and 2016.which i went through. I didnt like the negative cashflow which currently is kshs 278,826,000. I mean,why pay dividends of kshs 484,748,000 only to remain in negative cash flow? While its true the PAT has been increasing yoy,the revenue has been decreasing yoy i.e 2014-kshs 171,221,794,000
2015-ksh138,920,417,000
2016-kshs111,708,908,000
i wondered why is the revenue decreasing while net profit is increasing? i went through the income and expenditure and i didnt trust what i felt was like kind of playing with books to hoodwink the shareholders. i didnt like total outermer ownership of 93% in total kenya.why should the company be in negative cashflow with such big father? i believe a good company should turn debts into positive cash flow.kengen is doing exactly that. But i wish you the best cause i went in at 14.50 and left at 22.50.i know you will make it.i left because i like taking long term positions in stocks i buy.So im more on growing dividend yield. all the best. i think the reason for decrease in revenue is because of decreasing oil prices from 2014 which is good for the company There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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S.Mutaga III wrote:I took some time to examine my investment journey over the years. With the index hovering above the 3600 mark from lows of about 2800 in January, it is safe to assume that we are squarely in a bull market. A quick check of demand and supply across most counters in the exchange in the last few days also supports this claim. There is more demand than supply. With the election around the corner, I have decided to make a re-entry and not wait for the elections to make my first move. If the elections are peaceful, I expect a major bull run to ensue which may make some shares expensive and reduce potential gains. First, I would like to expressly say that I will avoid banking stocks until their HY results are out. The Q1 results across the sector revealed anemic growth due to the rates cap. I expect the banks that have expanded beyond Kenyan borders successfully to survive this storm over time. Here is my first pick for 2017:
Total Kenya
Current price:- Ksh 20.5
Current P/E:- 5.775
Dividend yield:- 5.17%
Growth in PAT in last 4 years
FY 2013:- 1.3 billion
FY 2014:- 1.4 billion
FY 2015:- 1.6 billion (+13.4%)
FY 2016:- 2.2 billion (+38.3%)
From the above figures, it is clear that the company has entered a high growth phase (+38% PAT for 2016) and has been performing well since 2013. The management has a positive outlook for the company going forward. I am also impressed by the growth in its "other income" segment which was 962 million in 2016 and 766 million in 2015. The company is making serious efforts to earn non-fuel income which is commendable. Additionally, the company has been increasing its dividend payout since 2013 as follows:
2013:- 0.60
2014:- 0.70
2015:- 0.77
2016:- 1.06
NB: Total Outre Mer owns 92.26% of the company. It has(72.19%) in the form of preference shares. The parent company has no known intentions of redeeming the shares.
STARTING CAPITAL:- Ksh 1,000,000
Investment activity 1
:- Buying 15,000 shares (Total KE) at Ksh 20.5 per share (ex dividend).
20.5*15000+(20.5*15,000)*0.0185= Ksh 313, 189
Portfolio:
15,000 shares (Total)
Ksh 686,811 (cash)
Happy Hunting! Thanks for sharing Have you compared TOTAL with KK?
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Rank: Member Joined: 3/26/2012 Posts: 830
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Ebenyo wrote:S.Mutaga III wrote:I took some time to examine my investment journey over the years. With the index hovering above the 3600 mark from lows of about 2800 in January, it is safe to assume that we are squarely in a bull market. A quick check of demand and supply across most counters in the exchange in the last few days also supports this claim. There is more demand than supply. With the election around the corner, I have decided to make a re-entry and not wait for the elections to make my first move. If the elections are peaceful, I expect a major bull run to ensue which may make some shares expensive and reduce potential gains. First, I would like to expressly say that I will avoid banking stocks until their HY results are out. The Q1 results across the sector revealed anemic growth due to the rates cap. I expect the banks that have expanded beyond Kenyan borders successfully to survive this storm over time. Here is my first pick for 2017:
Total Kenya
Current price:- Ksh 20.5
Current P/E:- 5.775
Dividend yield:- 5.17%
Growth in PAT in last 4 years
FY 2013:- 1.3 billion
FY 2014:- 1.4 billion
FY 2015:- 1.6 billion (+13.4%)
FY 2016:- 2.2 billion (+38.3%)
From the above figures, it is clear that the company has entered a high growth phase (+38% PAT for 2016) and has been performing well since 2013. The management has a positive outlook for the company going forward. I am also impressed by the growth in its "other income" segment which was 962 million in 2016 and 766 million in 2015. The company is making serious efforts to earn non-fuel income which is commendable. Additionally, the company has been increasing its dividend payout since 2013 as follows:
2013:- 0.60
2014:- 0.70
2015:- 0.77
2016:- 1.06
NB: Total Outre Mer owns 92.26% of the company. It has(72.19%) in the form of preference shares. The parent company has no known intentions of redeeming the shares.
STARTING CAPITAL:- Ksh 1,000,000
Investment activity 1
:- Buying 15,000 shares (Total KE) at Ksh 20.5 per share (ex dividend).
20.5*15000+(20.5*15,000)*0.0185= Ksh 313, 189
Portfolio:
15,000 shares (Total)
Ksh 686,811 (cash)
Happy Hunting! im sure you will make great capital gains with the coming bulls. I held this stock from last year only to dispose it the other day due to my strategic reasons. im really glad for your analysis.i have financial results for both year 2015 and 2016.which i went through. I didnt like the negative cashflow which currently is kshs 278,826,000.I mean,why pay dividends of kshs 484,748,000 only to remain in negative cash flow? While its true the PAT has been increasing yoy,the revenue has been decreasing yoy i.e 2014-kshs 171,221,794,000 2015-ksh138,920,417,000 2016-kshs111,708,908,000 i wondered why is the revenue decreasing while net profit is increasing? i went through the income and expenditure and i didnt trust what i felt was like kind of playing with books to hoodwink the shareholders. i didnt like total outermer ownership of 93% in total kenya.why should the company be in negative cashflow with such big father? i believe a good company should turn debts into positive cash flow.kengen is doing exactly that. But i wish you the best cause i went in at 14.50 and left at 22.50.i know you will make it.i left because i like taking long term positions in stocks i buy.So im more on growing dividend yield. all the best. I am not good in finance, but my best guess is that Total is selling to some customers on credit and the reporting period occurs before these customers pay their bills. So basically, there may be timing differences i.e the company sells products in this period and recognizes the sale, but customers pay in the next financial period so cash flow will be negative temporarily. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Member Joined: 3/26/2012 Posts: 830
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heri wrote:S.Mutaga III wrote:I took some time to examine my investment journey over the years. With the index hovering above the 3600 mark from lows of about 2800 in January, it is safe to assume that we are squarely in a bull market. A quick check of demand and supply across most counters in the exchange in the last few days also supports this claim. There is more demand than supply. With the election around the corner, I have decided to make a re-entry and not wait for the elections to make my first move. If the elections are peaceful, I expect a major bull run to ensue which may make some shares expensive and reduce potential gains. First, I would like to expressly say that I will avoid banking stocks until their HY results are out. The Q1 results across the sector revealed anemic growth due to the rates cap. I expect the banks that have expanded beyond Kenyan borders successfully to survive this storm over time. Here is my first pick for 2017:
Total Kenya
Current price:- Ksh 20.5
Current P/E:- 5.775
Dividend yield:- 5.17%
Growth in PAT in last 4 years
FY 2013:- 1.3 billion
FY 2014:- 1.4 billion
FY 2015:- 1.6 billion (+13.4%)
FY 2016:- 2.2 billion (+38.3%)
From the above figures, it is clear that the company has entered a high growth phase (+38% PAT for 2016) and has been performing well since 2013. The management has a positive outlook for the company going forward. I am also impressed by the growth in its "other income" segment which was 962 million in 2016 and 766 million in 2015. The company is making serious efforts to earn non-fuel income which is commendable. Additionally, the company has been increasing its dividend payout since 2013 as follows:
2013:- 0.60
2014:- 0.70
2015:- 0.77
2016:- 1.06
NB: Total Outre Mer owns 92.26% of the company. It has(72.19%) in the form of preference shares. The parent company has no known intentions of redeeming the shares.
STARTING CAPITAL:- Ksh 1,000,000
Investment activity 1
:- Buying 15,000 shares (Total KE) at Ksh 20.5 per share (ex dividend).
20.5*15000+(20.5*15,000)*0.0185= Ksh 313, 189
Portfolio:
15,000 shares (Total)
Ksh 686,811 (cash)
Happy Hunting! Thanks for sharing Have you compared TOTAL with KK? I compared the two before choosing Total over KK. Total was cheaper on a PE and Dividend yield basis. Both counters have experienced growth in the last few years. The good performance of KK reinforced my decision to invest in Total because it proved that the sector was making money during this economic recession. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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S.Mutaga III wrote:heri wrote:S.Mutaga III wrote:I took some time to examine my investment journey over the years. With the index hovering above the 3600 mark from lows of about 2800 in January, it is safe to assume that we are squarely in a bull market. A quick check of demand and supply across most counters in the exchange in the last few days also supports this claim. There is more demand than supply. With the election around the corner, I have decided to make a re-entry and not wait for the elections to make my first move. If the elections are peaceful, I expect a major bull run to ensue which may make some shares expensive and reduce potential gains. First, I would like to expressly say that I will avoid banking stocks until their HY results are out. The Q1 results across the sector revealed anemic growth due to the rates cap. I expect the banks that have expanded beyond Kenyan borders successfully to survive this storm over time. Here is my first pick for 2017:
Total Kenya
Current price:- Ksh 20.5
Current P/E:- 5.775
Dividend yield:- 5.17%
Growth in PAT in last 4 years
FY 2013:- 1.3 billion
FY 2014:- 1.4 billion
FY 2015:- 1.6 billion (+13.4%)
FY 2016:- 2.2 billion (+38.3%)
From the above figures, it is clear that the company has entered a high growth phase (+38% PAT for 2016) and has been performing well since 2013. The management has a positive outlook for the company going forward. I am also impressed by the growth in its "other income" segment which was 962 million in 2016 and 766 million in 2015. The company is making serious efforts to earn non-fuel income which is commendable. Additionally, the company has been increasing its dividend payout since 2013 as follows:
2013:- 0.60
2014:- 0.70
2015:- 0.77
2016:- 1.06
NB: Total Outre Mer owns 92.26% of the company. It has(72.19%) in the form of preference shares. The parent company has no known intentions of redeeming the shares.
STARTING CAPITAL:- Ksh 1,000,000
Investment activity 1
:- Buying 15,000 shares (Total KE) at Ksh 20.5 per share (ex dividend).
20.5*15000+(20.5*15,000)*0.0185= Ksh 313, 189
Portfolio:
15,000 shares (Total)
Ksh 686,811 (cash)
Happy Hunting! Thanks for sharing Have you compared TOTAL with KK? I compared the two before choosing Total over KK. Total was cheaper on a PE and Dividend yield basis. Both counters have experienced growth in the last few years. The good performance of KK reinforced my decision to invest in Total because it proved that the sector was making money during this economic recession. Total is cheaper in terms of PE and dividend yield over KK because of the preference shares it has. KK has no preference shares. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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Your only guide to investing in KK and Total is the international crude prices. The lower the crude prices the higher the margins for KK and Total. Oil prices are trending downwards towards the mid-30's because shale oil has beaten opec.
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Rank: Member Joined: 3/26/2012 Posts: 830
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wukan wrote:Your only guide to investing in KK and Total is the international crude prices. The lower the crude prices the higher the margins for KK and Total. Oil prices are trending downwards towards the mid-30's because shale oil has beaten opec.
Total's non-fuel income (mostly real estate e.g rent) is approaching 1 billion Ksh. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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S.Mutaga III wrote:wukan wrote:Your only guide to investing in KK and Total is the international crude prices. The lower the crude prices the higher the margins for KK and Total. Oil prices are trending downwards towards the mid-30's because shale oil has beaten opec.
Total's non-fuel income (mostly real estate e.g rent) is approaching 1 billion Ksh. Rental income is 453m rest of it is from commissions and write-backs of 277m
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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COOP re-approaching juicy entry levels KQ remains mysteriously attractive at current price but fraught with risk
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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39.5hrs and it goes ex bonus Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Ericsson wrote:39.5hrs and it goes ex bonus And people are just sitting tight expecting a steady price.. Who was that wazuan who said that the price would remain exactly the same
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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obiero wrote:Ericsson wrote:39.5hrs and it goes ex bonus And people are just sitting tight expecting a steady price.. Who was that wazuan who said that the price would remain exactly the same Figure out these a 1;5 bonus is 20% dilution, equivalent to buying at 13.6 after xbonus or 17 cumming bonus, now if I buy today Friday at 16.7 I doubt the price will go below 13.5 after bonus closing date
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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bartum wrote:obiero wrote:Ericsson wrote:39.5hrs and it goes ex bonus And people are just sitting tight expecting a steady price.. Who was that wazuan who said that the price would remain exactly the same Figure out these a 1;5 bonus is 20% dilution, equivalent to buying at 13.6 after xbonus or 17 cumming bonus, now if I buy today Friday at 16.7 I doubt the price will go below 13.5 after bonus closing date You could be right.. Let's wait and see
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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obiero wrote:bartum wrote:obiero wrote:Ericsson wrote:39.5hrs and it goes ex bonus And people are just sitting tight expecting a steady price.. Who was that wazuan who said that the price would remain exactly the same Figure out these a 1;5 bonus is 20% dilution, equivalent to buying at 13.6 after xbonus or 17 cumming bonus, now if I buy today Friday at 16.7 I doubt the price will go below 13.5 after bonus closing date You could be right.. Let's wait and see Now 16
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