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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: 787
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: 140
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: 13,207
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: 6,706
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..
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