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KenolKobil HY 2017 profit before tax up 20%
winston
#21 Posted : Friday, August 04, 2017 7:56:34 PM
Rank: Member


Joined: 4/14/2010
Posts: 805
Location: Nairobi
VituVingiSana wrote:
winston wrote:
mlennyma wrote:

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.


Ok...thanks
h2s
#22 Posted : Monday, August 07, 2017 2:39:30 PM
Rank: Member


Joined: 7/20/2012
Posts: 141
Kenol spends Sh320m on settling court battles
And still gave interim dividend!
VituVingiSana
#23 Posted : Monday, August 07, 2017 3:47:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 13,306
Location: Nairobi
h2s wrote:
Kenol spends Sh320m on settling court battles
And still gave interim dividend!

KK is a solid firm. Unlike KQ, it didn't go running to GoK for a bailout after Segman screwed up. KK can expect to make at least 1/- per share in 2H.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#24 Posted : Monday, August 07, 2017 7:38:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
Location: nairobi
VituVingiSana wrote:
h2s wrote:
Kenol spends Sh320m on settling court battles
And still gave interim dividend!

KK is a solid firm. Unlike KQ, it didn't go running to GoK for a bailout after Segman screwed up. KK can expect to make at least 1/- per share in 2H.

It's not KQs fault that KK doesn't have a big brother..
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
bartum
#25 Posted : Thursday, September 14, 2017 12:23:35 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 955
Location: nairobi
Will this any effect to KK Bottomline
http://www.businessdaily...094906-jrx3sx/index.html
mlennyma
#26 Posted : Thursday, September 14, 2017 5:23:46 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,530
Location: nairobi
[quote=bartum]Will this any effect to KK Bottomline
http://www.businessdaily...94906-jrx3sx/index.html[/quote]
give kk about 15% of 945m...coming to around 142m
"Don't let the fear of losing be greater than the excitement of winning."
Pesa Nane
#27 Posted : Friday, September 15, 2017 10:20:04 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,343
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
obiero
#28 Posted : Monday, September 18, 2017 10:45:42 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
Location: nairobi
mlennyma wrote:
VituVingiSana wrote:
obiero wrote:
murchr wrote:
(Reuters) wrote:
Aug 2 - KENOLKOBIL LTD:

* HY ENDED JUNE 2017 SALES 72.64 BILLION SHILLINGS VERSUS 39.94 BILLION SHILLINGS YEAR AGO

* HY ENDED JUNE 2017 PROFIT BEFORE TAX OF 2.08 BILLION SHILLINGS VERSUS 1.73 BILLION SHILLINGS YEAR AGO

* SAYS DECLARED INTERIM DIVIDEND OF 0.30 SHILLINGS PER SHARE, PAYABLE ON OR AROUND OCT 1, 2017 Further company coverage: (Bangalore.newsroom@thomsonreuters.com)


All that increase in sales has come to nought
..

Laughing out loudly Laughing out loudly Laughing out loudly Jealous much?
KK will pay more in a single interim dividend on a single share than KQ has made in profits in 5 years! Applause Applause Applause

And this profit is AFTER providing 300mn for KPRL and other legal costs/payouts. Drool Drool Drool Sweeter stuff coming in 2H 2017.

Banks want to lend KK money unlike KQ using GoK to arm-twist banks into lending money! Laughing out loudly Laughing out loudly Laughing out loudly

that man who won the pangani legal tussle was paid and still no major impact and the amount was almost the equivalent of the kprl provision they have made...we were paid 30cts recently and now another 30cts and still expect atleast 40 cts year end

Terry Davidson exits the board after over 10 years of diligent visionary guidance.. next an ex director now asks for KES 300m share compensation. Rot on a fish http://www.businessdaily...01734-14prmru/index.html
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
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