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KENOL: The selling foreigner
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VituVingiSana
#31 Posted : Friday, August 06, 2010 4:36:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
winston wrote:
KK has often cited the inefficiencies of KPC & KPRL as impacting on their operations. This is set to change with KPC's intention to lay a new line from Nairobi to Western Kenya and the Eldoret-Kampala line (Joint venture of Kenya Uganda Oilibya). Further KPC increased is pumping capacity from MSA to NBI.

Once completed KK's distribution costs will fall and sales will increase due to higher fuel availability in Nairobi and western Kenya.
This will take too long... 2 years at least...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#32 Posted : Friday, August 06, 2010 4:42:53 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@qw,i will complete the mop up on Monday.
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mv_ufanisi
#33 Posted : Friday, August 06, 2010 5:17:30 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
The selling foreigner was still in action today though at about 14%. Not too bad. I expect this share to recover in the 3rd quarter. It has been trying times for shareholders though - great prospects + negative publicity = stagnation. An interim dividend would have excited the market. I finally get my dividend after Deloitte "misplaced" my cheque. The things registrars do!
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youcan'tstopusnow
#34 Posted : Friday, August 06, 2010 5:43:01 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
cnn wrote:
@qw,i will complete the mop up on Monday.

Laughing out loudly Laughing out loudly
GOD BLESS YOUR LIFE
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2012
#35 Posted : Friday, August 06, 2010 5:43:46 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mv_ufanisi wrote:
An interim dividend would have excited the market.


I think it's still possible. Crossing my fingers...

BBI will solve it :)
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VituVingiSana
#36 Posted : Saturday, August 07, 2010 9:34:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Why would they pay an interim dividend now? I think KK will wait till EOY since they need the cash to fight off KPC/KPRL/MoE by keeping larger than normal fuel stocks as well as expansion.

I think they have something cooking in Mozambique...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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PKoli
#37 Posted : Sunday, August 08, 2010 2:52:35 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
2012 wrote:
mv_ufanisi wrote:
An interim dividend would have excited the market.


I think it's still possible. Crossing my fingers...


If it ever came, I doubt if it will be more 30cts
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guru267
#38 Posted : Sunday, August 08, 2010 8:36:14 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
PKoli wrote:
2012 wrote:
mv_ufanisi wrote:
An interim dividend would have excited the market.


I think it's still possible. Crossing my fingers...


If it ever came, I doubt if it will be more 30cts

@pkoli 30cents will mean a 3% yield on an interim dividend which is alot...
Mark 12:29
Deuteronomy 4:16
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Gordon Gekko
#39 Posted : Sunday, August 08, 2010 12:26:37 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
KK actually paid a 'special' interim dividend in 2008, so a one off dividend pending a year end dividend will not be new to them.
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VituVingiSana
#40 Posted : Sunday, August 08, 2010 8:25:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Gordon Gekko wrote:
KK actually paid a 'special' interim dividend in 2008, so a one off dividend pending a year end dividend will not be new to them.
That was the whole point... They had extended the 'Fiscal Year' to 15 months thus the special dividend... Then there was a small dividend to 'even up' the acquisition of Kobil
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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