@kausha
- 216mn Income from disposals of PPE (lower YOY but still very high)
- Substantial reduction in repairs and maintenance YOY from 217mn to 347mn (Many KK stations are often dirty, with old equipment, potholed driveways and crowded with parked matatus compared to competitors)
- (46mn) ESOP costs. What does this mean?
- (367mn vs 105n YOY) Forex Losses. And this will only get worse. UGX & KES has depreciated vs USD. Fixed margins do not allow mitigation. An expensive (or no) hedging policy doesn't help either.
And the constant selling leads me to believe it is biwott related entity which also makes me wonder...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett