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KenolKobil FY14 PAT up 95%
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selah
#181 Posted : Thursday, May 07, 2015 3:22:35 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@Gordon Gekko you forgot that gem of information where Ohana said they were cleaning up the books of subsidiaries where due to misreporting the profit could have been higher probably PAT 1.6B ....the impact of the clean up will show in the first half of 2015 since the cleanup is still ongoing.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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stock.enigma
#182 Posted : Thursday, May 07, 2015 3:52:31 PM
Rank: Member

Joined: 8/14/2009
Posts: 244
This chap Ochami has 100 shares in virtually all listed companies. He is always the first one to speak at any AGM I have attended and almost always, is out of line with the issues being discussed. Yesterday, he was asking for tea at the AGM.
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heri
#183 Posted : Thursday, May 07, 2015 3:57:02 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
selah wrote:
@Gordon Gekko you forgot that gem of information where Ohana said they were cleaning up the books of subsidiaries where due to misreporting the profit could have been higher probably PAT 1.6B ....the impact of the clean up will show in the first half of 2015 since the cleanup is still ongoing.


@Selah thanks for sharing. what clean up is that? Should we be worried about the state of the books?
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VituVingiSana
#184 Posted : Thursday, May 07, 2015 4:02:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
selah wrote:
@Gordon Gekko you forgot that gem of information where Ohana said they were cleaning up the books of subsidiaries where due to misreporting the profit could have been higher probably PAT 1.6B ....the impact of the clean up will show in the first half of 2015 since the cleanup is still ongoing.

Was the clean-up done/started/completed in 2014?
What did you infer he meant by 'cleaning up the books of the subsidiaries'?
What did you infer he meant by 'misreporting the profit'? [Is this in 2014 or earlier?]
If the clean-up is ongoing then will KK take write-offs and write-downs in 2015? [Clean up exercises usually lead to provisions, write downs, etc].
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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selah
#185 Posted : Thursday, May 07, 2015 4:05:59 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@heri he was suggesting that due to poor record keeping from subsidiaries they have seen hiden value that would have had a great impact on the bottom line....a positive impact.....also in the 2014 report their was a misreporting which pat lai gave the correct figures for segment information in note 5 of the financial report...
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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stock.enigma
#186 Posted : Thursday, May 07, 2015 4:21:13 PM
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Joined: 8/14/2009
Posts: 244
The exercise of cleaning up the books has been completed as of the q1 2015. Month on month basis books of subsidiaries are kept on actual basis.
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mlennyma
#187 Posted : Friday, May 08, 2015 11:57:05 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ex-dividend and stable with good volume is a pointer to something of interest beyond the dividend
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#188 Posted : Tuesday, May 19, 2015 10:33:53 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
http://www.businessdaily...4/-/un8i50z/-/index.html
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#189 Posted : Tuesday, May 19, 2015 10:37:06 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#190 Posted : Tuesday, May 19, 2015 10:43:33 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mlennyma wrote:
http://www.businessdailyafrica.com/Corporate-News/KenolKobil-to-build-Sh1-4bn-lubricant-plant-in-Mombasa/-/539550/2722614/-/un8i50z/-/index.html

just a matter of time and you will not afford this share,back to growth after stabilization.
"Don't let the fear of losing be greater than the excitement of winning."
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