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KenolKobil HY 2017 profit before tax up 20%
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Ebenyo
#51 Posted : Sunday, January 21, 2018 11:58:13 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
mlennyma wrote:
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



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.
Towards the goal of financial freedom
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obiero
#52 Posted : Monday, January 22, 2018 8:20:33 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ebenyo wrote:
mlennyma wrote:
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



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling

KQ ABP 4.26
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Spikes
#53 Posted : Monday, January 22, 2018 8:25:19 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
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



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling


Better opportunities elsewhere. Maybe to invest and ride on bitcoins.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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shiznit
#54 Posted : Monday, January 22, 2018 8:41:04 AM
Rank: New-farer

Joined: 5/21/2013
Posts: 72
Location: KENYA
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
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



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling



Possibly the Biwott estate or an affiliate.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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watesh
#55 Posted : Monday, January 22, 2018 12:24:47 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
shiznit wrote:
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
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



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling



Possibly the Biwott estate or an affiliate.

Maybe....selling is the easiest way to divide up that wealth
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VituVingiSana
#56 Posted : Monday, January 22, 2018 12:39:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
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



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling

Biwott is dead and buried. The family might want to blow the ill-gotten wealth on other things.
This is not a case of (honest) hard work and building wealth for future generations. In other countries, folks build/fund libraries, parks and universities BUT not so in Kenya with the politicians and tenderpreneurs.

What's the legacy of the likes of Karume, Moi [not those areas/monuments/streets/buildings named after him simply coz he was a potentate], Kenyatta [not those named after him simply coz he was a potentate], Kirima, etc?

I am glad to see the likes of Munga building (Pioneer) schools.
I am glad to see Chandaria funding part of UoN.
I am glad that Rattansi Trust funds scholarships.

I hope we see more Kenyans build their legacies by donating long-lasting (& sustainable) assets to the "public".

Anyway, back to KK... Under Ohana, it has done well and whereas there will be huge write-offs in 2017
- KPRL
- Lawsuits
- Segman

the outlook for 2018, despite rising oil prices, is good.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kausha
#57 Posted : Monday, January 22, 2018 12:57:41 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Portfolio book over to ensure the holding accounts are executable. Won't be surprised by a deal
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tandich
#58 Posted : Monday, January 22, 2018 1:01:10 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
I thought the Segman matter was settled on Q4 2017. I just wonder for how much and the impact on FY17 numbers.
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VituVingiSana
#59 Posted : Monday, January 22, 2018 1:32:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
tandich wrote:
I thought the Segman matter was settled on Q4 2017. I just wonder for how much and the impact on FY17 numbers.

The following items were settled in 2017
1) Lawsuit about a lease for a station [Exact settlement unknown but taken in 1H 2017]. Cash paid out.
2) KPRL [Write off in 1H and another in 2H] will be written off completely. Non-cash. There may be a recovery in future years if Total's case against KPRL succeeds but this could take 10 years in Kenyan courts!
3) Segman [Cash payout in 2H. Newspapers say 300mn]

Clean books in 2018?
Will Ohana start shopping KK to interested buyers?

BTW, KK shows land at historical cost so there's "hidden" value too.
E.g. KK has 1 acre at the junction of Haile Selassie and Uhuru Highway. It could be sub-divided and 3/4 acre sold just keeping enough for a station.

KK is also looking for new stations that it will lease so no huge capex programs.

KPRL tanks have been converted to storage (under KPC) so ullage is less of a problem. As is, Ohana said KK prefers to have less inventory to minimize the costs of financing and price fluctuations.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#60 Posted : Monday, January 22, 2018 1:45:08 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
obiero wrote:
Ebenyo wrote:
mlennyma wrote:
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



Definitely.
A company that makes a revenue growth of 97% in half year is a sure bet for investment.

Then why is someone selling

Biwott is dead and buried. The family might want to blow the ill-gotten wealth on other things.
This is not a case of (honest) hard work and building wealth for future generations. In other countries, folks build/fund libraries, parks and universities BUT not so in Kenya with the politicians and tenderpreneurs.

What's the legacy of the likes of Karume, Moi [not those areas/monuments/streets/buildings named after him simply coz he was a potentate], Kenyatta [not those named after him simply coz he was a potentate], Kirima, etc?

I am glad to see the likes of Munga building (Pioneer) schools.
I am glad to see Chandaria funding part of UoN.
I am glad that Rattansi Trust funds scholarships.

I hope we see more Kenyans build their legacies by donating long-lasting (& sustainable) assets to the "public".

Anyway, back to KK... Under Ohana, it has done well and whereas there will be huge write-offs in 2017
- KPRL
- Lawsuits
- Segman

the outlook for 2018, despite rising oil prices, is good.


On the issue of giving back to society... Not everyone has sophisticated Trusts and calls the press everytime they have a CSR event. Karume was a self made millionaire with legit businesses employing hundreds in Kenya. He also hosting his constituents at his Village Inn thingira whereupon he sorted out financial issues involving education, hospital bills, funerals etc.

That said I haven't heard of any goods deeds by the late Total Man.
Life is short. Live passionately.
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