Spikes wrote:Horton wrote:Anyone else notice how the "deal poa" 2/- discount jes quietly disappeared?
It was a strategy to take on competitors even without that deal.
The oil prices have risen to $50+ so Deal Poa seems to have been phased out. The margins will increase but will volumes stay the same?
Shell offers their "detergent" fuel while Total offers "Excellium" so will consumers shift to Shell/Total?
The K-Card still offers 2/- off.
I still expect increased volumes from KK for 1H 2017 vs 1H 2016. And better profits as the new stations start contributing to the bottom line.
At the AGM, there was some doom and gloom re: Burundi but Ohana said all subs are profitable including Burundi and Ethiopia.
Some under-performing Ethiopian stations were closed.
The 500m KPRL debt is still on the books as an asset. Will it be written off this year? No cash impact.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett