young wrote:VituVingiSana wrote:Long time no see @young ... Welcome Back!
greetings @VVS are you still pro Kenol?
Best Regards
Yes! One of my core holdings.
FY 2017 EPS 2/- (estimated) after providing for a one-time write-off of an old KPRL debt + a legal settlement.
FY 2018 will be challenging [subdued econ growth, higher oil prices, Burundi, etc] but I remain bullish given KK's slow but sure growth under the "new" CEO David Ohana.
Positives: Much lower levels of debt vs 2015, potential to buy/lease/convert more stations, new/additional pipeline (Mombasa-Nairobi) expected to operational 2Q 2018.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett