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KenolKobil HY 2017 profit before tax up 20%
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Horton
#31 Posted : Tuesday, December 12, 2017 10:06:50 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
Brent crude at $65.6 a barrel.It's getting rough.



Yeah but for Kenya on the whole. Our break even was 50-55$
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VituVingiSana
#32 Posted : Wednesday, December 13, 2017 12:01:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Horton wrote:
Ericsson wrote:
Brent crude at $65.6 a barrel.It's getting rough.


Yeah but for Kenya on the whole. Our break even was 50-55$
$65 doesn't help us now [inflation, etc]... Plus I prefer lower oil prices as a consumer since "Kenya" comprises too many pigs and leeches at the top i.e. how much (& when) of the $65/bbl (of Kenya's oil) will come to VVS?

In the meantime, $65 will eat into KK's profitability BUT I also see a silver lining i.e. only the strong can finance imports of OTS cargoes [low margin, high volume, (almost) default free]...

Can KK leverage the OTS to make more trading profits?
Can KK out-muscle smaller/weaker independent retail players using its financial muscle?
Can KK expand its LPG and lubricants businesses using its outlets?
Can KK leverage on its relationships with the refiners to source cheaper refined fuel?
Can KK leverage its storage/ullage to stock up on (cheap) fuel as prices rise? [Risky strategy if prices start dropping]

I will look at the 31 Dec 2017 balance sheet closely especially the "debt" portion.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, December 13, 2017 12:11 AM | Reason: Not specified
Pesa Nane
#33 Posted : Monday, January 15, 2018 10:55:46 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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mlennyma
#34 Posted : Tuesday, January 16, 2018 7:55:19 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Pesa Nane wrote:


looks like a good step forward
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#35 Posted : Tuesday, January 16, 2018 9:45:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mlennyma wrote:
Pesa Nane wrote:


looks like a good step forward


Alikuwa Kenol Kobil akaenda Kenya Pipeline then back.
Musical chairs
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#36 Posted : Tuesday, January 16, 2018 11:09:18 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
mlennyma wrote:
Pesa Nane wrote:


looks like a good step forward


Alikuwa Kenol Kobil akaenda Kenya Pipeline then back.
Musical chairs



still progress this is
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Ericsson
#37 Posted : Friday, January 19, 2018 12:44:56 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
I'm I seeing my own things or what
Kenol Kobil is trading a quarter of its issued shares today.
A record in the NSE
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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tandich
#38 Posted : Friday, January 19, 2018 12:48:54 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors
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Spikes
#39 Posted : Friday, January 19, 2018 12:51:42 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#40 Posted : Friday, January 19, 2018 1:01:02 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Spikes wrote:
tandich wrote:
KENO has traded 368.55m vs average volume of 1.1m. What's going on? Looks like trade between local investors


Is it a whale exiting before the ferry begins to sink or institutional investor seeing better things ahead?


pessimists should know such huge trades happen after alot of due diligence
"Don't let the fear of losing be greater than the excitement of winning."
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