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VituVingiSana		#501 Posted : Wednesday, March 13, 2019 9:22:40 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		peep wrote: No mulla yet!! Is I&M sitting on my small ingot? Stanbic Bank is sending the moola in batches. They have upto 15 days from the date of the approval. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#502 Posted : Wednesday, March 13, 2019 12:24:53 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Angelica _ann wrote: I like the way VVS amenyenyekea siku hizi on being bought. I remember when 'we' small wanjikus shareholders of Brook Bond (sp) were bought a decade ago - thereabouts - haki aliongea mbaya. Wacha tu. Time teaches & heals everything. Whoa! What did I do? Unilever offered a low price (14/-?) for the shares BUT it was their choice to offer what they want. Some minorities remained shareholders in Unilever Tea and have received some decent dividends. Same with Seaboard and Unga. I remain a minority in Unga but if I am offered a "fair" price then I will bail out. And Marshalls which recently sold its stake in AVA for 800mn+... KK: One can probably remain as a minority if Rubis doesn't get 90% but I choose to "leave" KK at 23/- given there are some sweet bargains out there. A cheetah never changes its stripes. Huyu mzee bado anaongea mbaya tena sana, na ameibiwa! Sold short. He will never tell you his ABP Interesting. I don't sit around calculating ABPs though I may have an idea. It's not a relevant metric though I may refer to it at times to calculate a return. I sold my KQ and bought KK. So you recommend I buy KQ with the proceeds from KK? If yes, why? You bought KQ at KES 41 and sold at KES 14. Then used the proceeds to buy KK at KES 18.5 which you have been hustled out of at KES 23. Considering entire trail of the two investments, you are in a net cash loss position and you know it, hence the poems :) OK. But now what should I do? Should I use my KK cash to buy KQ at the super-discounted price of 5.25? Will KQ help me recover my losses from the debacles above? Please, please Prophet Jakom Owuor Obiero, send me a sign! For anyone who doesn't know my online relationship with @Obiero, please do not refer to this exchange as research or recommendation Wait for the FY 2018 loss announcement projected at KES 5.6B and then buy on the downturn.. I see no floor, but upon JKIA takeover, KES 12 is guaranteed KQ ABP 4.26
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Pesa Nane		#503 Posted : Thursday, March 14, 2019 10:54:00 AM
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		#504 Posted : Thursday, March 14, 2019 12:37:23 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Pesa Nane wrote: Are we interested and we have been bought? "Don't let the fear of losing be greater than the excitement of winning."
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muandiwambeu		#505 Posted : Thursday, March 14, 2019 12:55:18 PM
Rank: Veteran Joined: 8/28/2015 Posts: 1,247		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Angelica _ann wrote: I like the way VVS amenyenyekea siku hizi on being bought. I remember when 'we' small wanjikus shareholders of Brook Bond (sp) were bought a decade ago - thereabouts - haki aliongea mbaya. Wacha tu. Time teaches & heals everything. Whoa! What did I do? Unilever offered a low price (14/-?) for the shares BUT it was their choice to offer what they want. Some minorities remained shareholders in Unilever Tea and have received some decent dividends. Same with Seaboard and Unga. I remain a minority in Unga but if I am offered a "fair" price then I will bail out. And Marshalls which recently sold its stake in AVA for 800mn+... KK: One can probably remain as a minority if Rubis doesn't get 90% but I choose to "leave" KK at 23/- given there are some sweet bargains out there. A cheetah never changes its stripes. Huyu mzee bado anaongea mbaya tena sana, na ameibiwa! Sold short. He will never tell you his ABP Interesting. I don't sit around calculating ABPs though I may have an idea. It's not a relevant metric though I may refer to it at times to calculate a return. I sold my KQ and bought KK. So you recommend I buy KQ with the proceeds from KK? If yes, why? You bought KQ at KES 41 and sold at KES 14. Then used the proceeds to buy KK at KES 18.5 which you have been hustled out of at KES 23. Considering entire trail of the two investments, you are in a net cash loss position and you know it, hence the poems :) OK. But now what should I do? Should I use my KK cash to buy KQ at the super-discounted price of 5.25? Will KQ help me recover my losses from the debacles above? Please, please Prophet Jakom Owuor Obiero, send me a sign! For anyone who doesn't know my online relationship with @Obiero, please do not refer to this exchange as research or recommendation Touching allqueer right now is tantamount to chaising a rattled black mamba down a hole with your m*jlubengbeng full blazing💥☃️🌚 Once the fireworks simmers, don't mind walking away with a limping, mulled and baleeding third leg. ,Behold, a sower went forth to sow;....
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VituVingiSana		#506 Posted : Thursday, March 14, 2019 1:13:02 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Dear Wazuans, I posted the post below on 4th March 2018. It is now almost 1 year to the day! The funds are "NDANI" as we say. Thanks to this fortunate provenance, a lot of mis-investments have been fixed. Thank you to Rubis, Ohana, KenolKobil, brokers, advisors/research analysts, etc. Thank you to those who kept the faith and encouraged me to keep the faith. If I have hurt anyone's feelings with my ardent defense of KK, I hope you find it in your heart to forgive me. I shall now "retire" from this thread given I no longer have an interest/shareholding in KenolKobil. Unless Rubis cross-lists in Kenya or KK re-lists on the NSE, I shall remain, at most, a customer and well-wisher of KK. I hope I can find another KK amongst what is left at the NSE. If yes, then let us meet at that forum. Adios Amigos. VVS Image of VVS riding into the sunset VituVingiSana wrote:* The "2015" subject header has been overtaken by events hence the new thread. KK's financial strength has changed substantially since 2015: - Disposal of loss-making assets in Tanzania and DRC - Substantial reduction in the level of debt. [Effectively the KES debt is zero] - Consolidation of the business followed by expansion [new stations] - KK is back in the OTS market with USD financiers willing to lend - Cheaper financing from Dutch banks (vs French banks) - KK is back into jet fuel in a big way [except supplying KQ which is still cash-strapped] - Provision/settlement for KPRL/KPC debt and lawsuits - Biwott is no more KK is entering a new era of profitable growth [though there's a limit unless KK can expand regionally] and there's potential for a takeover given Ohana has cleaned the books and Biwott's kids may have little interest in "owning" KK. There are some challenges e.g. - The VAT coming in Sep will increase financing costs - The VAT would increase the price which will lower demand - The VAT will make smuggling/dumping of fuel more attractive. The KRA cannot stamp out smuggling when its officers (& police) are part of the problem - Competition esp Vivo and Total My Bottomline: KK will do well with or without a takeover. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Aguytrying		#507 Posted : Thursday, March 14, 2019 1:37:02 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		VituVingiSana wrote: Aguytrying wrote: VituVingiSana wrote: mlennyma wrote: E.F.T pap Firms that make money and pay dividends. Hah! Some folks were asking why I own KK and not some “high flying” stocks that have been “turning around” for years! 😂 Ohana said during the AGM that he expects KK will have a great 1H 👍🏽 Kk, the gift that keeps on giving. Brother! Yeah! Let's goo!!! Mine has also hit the account. The investor's chief problem - and even his worst enemy - is likely to be himself
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heri		#508 Posted : Thursday, March 14, 2019 1:54:58 PM
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi		VituVingiSana wrote: Dear Wazuans, I posted the post below on 4th March 2018. It is now almost 1 year to the day! The funds are "NDANI" as we say. Thanks to this fortunate provenance, a lot of mis-investments have been fixed. Thank you to Rubis, Ohana, KenolKobil, brokers, advisors/research analysts, etc. Thank you to those who kept the faith and encouraged me to keep the faith. If I have hurt anyone's feelings with my ardent defense of KK, I hope you find it in your heart to forgive me. I shall now "retire" from this thread given I no longer have an interest/shareholding in KenolKobil. Unless Rubis cross-lists in Kenya or KK re-lists on the NSE, I shall remain, at most, a customer and well-wisher of KK. I hope I can find another KK amongst what is left at the NSE. If yes, then let us meet at that forum. Adios Amigos. VVS Image of VVS riding into the sunset VituVingiSana wrote:* The "2015" subject header has been overtaken by events hence the new thread. KK's financial strength has changed substantially since 2015: - Disposal of loss-making assets in Tanzania and DRC - Substantial reduction in the level of debt. [Effectively the KES debt is zero] - Consolidation of the business followed by expansion [new stations] - KK is back in the OTS market with USD financiers willing to lend - Cheaper financing from Dutch banks (vs French banks) - KK is back into jet fuel in a big way [except supplying KQ which is still cash-strapped] - Provision/settlement for KPRL/KPC debt and lawsuits - Biwott is no more KK is entering a new era of profitable growth [though there's a limit unless KK can expand regionally] and there's potential for a takeover given Ohana has cleaned the books and Biwott's kids may have little interest in "owning" KK. There are some challenges e.g. - The VAT coming in Sep will increase financing costs - The VAT would increase the price which will lower demand - The VAT will make smuggling/dumping of fuel more attractive. The KRA cannot stamp out smuggling when its officers (& police) are part of the problem - Competition esp Vivo and Total My Bottomline: KK will do well with or without a takeover. Thanks VVS. Thanks to you we have also 'eaten' something. I bought, then sold a year ago due to other committments , bought again and so i still got to 'eat' something. So if there is an mpesa no where we need to 'appreciate' you, let us know. Question is which other 'KK' can we get in the market to take up the funds from Rubis
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MaichBlack		#509 Posted : Thursday, March 14, 2019 4:12:43 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,836		VituVingiSana wrote: peep wrote: No mulla yet!! Is I&M sitting on my small ingot? Stanbic Bank is sending the moola in batches. They have upto 15 days from the date of the approval. Pesa iko ndaaaani, ndani, ndani!!! Ndaaaaaani!!! 100%. Not a single cent deducted. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack		#510 Posted : Thursday, March 14, 2019 4:16:43 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,836		mlennyma wrote: Pesa Nane wrote: Are we interested and we have been bought? I was wondering the same!!! May be it is for the 3% who still hold on. For now Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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