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KenolKobil HY 2017 profit before tax up 20%

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VituVingiSana		#11 Posted : Thursday, August 03, 2017 9:38:53 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		Aguytrying wrote: VituVingiSana wrote: So @miennyma - KK could have had almost 1.8bn in PAT [300mn KPRL + 300mn Pangani] There may be a KPRL amount left to write-off in 2H but it looks good! FY EPS even with the write-offs could exceed 2/-. If GoK settles the KPRL yield shift losses for the industry after the elections or in 2018-19, then that's just extra cream on the cake! Total has sued GoK/KPRL, KPRL has tanks/land it can sell to KPC and the industry will pressurize KPRL/GoK to settle this. Doesn't KPC also owe KK 6bn+ awarded to KK in an arbitration? This matter is slowly winding itself through the courts. Perhaps another 2 years? Excellent performance. An eps of 2.00 will definitely translate to 20 bob per share. We've been patient and the rewards keep coming Perhaps a takeover? [Though I am happy with the current status too!] Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#12 Posted : Thursday, August 03, 2017 10:26:25 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		KK should do an acquisition of an oil firm rival.They are doing well and the owners reaping benefits. Don't see the need of the owners selling the business. David Ohana is doing a good job Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mlennyma		#13 Posted : Thursday, August 03, 2017 11:42:01 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Ericsson wrote: KK should do an acquisition of an oil firm rival.They are doing well and the owners reaping benefits. Don't see the need of the owners selling the business. David Ohana is doing a good job He is the top earning CEO in kenya. .not even safaricom "Don't let the fear of losing be greater than the excitement of winning."
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winston		#14 Posted : Thursday, August 03, 2017 2:46:22 PM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Kudos...almost doubling top line!
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Gatheuzi		#15 Posted : Thursday, August 03, 2017 8:44:36 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		winston wrote: Kudos...almost doubling top line! Topline has more to do with rise in oil prices, though volumes could also be up. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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winston		#16 Posted : Friday, August 04, 2017 9:12:02 AM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Gatheuzi wrote: winston wrote: Kudos...almost doubling top line! Topline has more to do with rise in oil prices, though volumes could also be up. True...if prices didnt double...then they also grew volumes
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h2s		#17 Posted : Friday, August 04, 2017 10:34:19 AM
Rank: Member Joined: 7/20/2012 Posts: 141		Kenol to write off Sh1.8bn KPRL debt by December
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mlennyma		#18 Posted : Friday, August 04, 2017 2:30:02 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		h2s wrote: Kenol to write off Sh1.8bn KPRL debt by December This story sounds like a puma condition "Don't let the fear of losing be greater than the excitement of winning."
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winston		#19 Posted : Friday, August 04, 2017 2:39:20 PM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		mlennyma wrote: h2s wrote: Kenol to write off Sh1.8bn KPRL debt by December This story sounds like a puma condition What about the other side of the story 'The KPRL made a counterclaim of Sh1.2 billion from the oil marketer for allegedly defaulting on payment for petroleum products, leading to a stalemate' Did KPRL also writeoff?
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VituVingiSana		#20 Posted : Friday, August 04, 2017 2:48:44 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		winston wrote: mlennyma wrote: h2s wrote: Kenol to write off Sh1.8bn KPRL debt by December This story sounds like a puma condition What about the other side of the story 'The KPRL made a counterclaim of Sh1.2 billion from the oil marketer for allegedly defaulting on payment for petroleum products, leading to a stalemate' Did KPRL also writeoff? A write-off by KK doesn't mean they have given up on the claim from KPRL. They are cleaning the books but I expect a global settlement to happen in the future and KK will "write-back" the amount. As for KPRL's claim, if they succeed then they can offset it vs what they owe KK. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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