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Kobil Kitengela razed down
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earthvoice
#11 Posted : Monday, July 18, 2011 10:11:46 AM
Rank: Member

Joined: 1/29/2011
Posts: 257
Cde Monomotapa wrote:
+6.5% up today. So much for this wet dream.

Don't jinx it bro, its only 10.00am...!
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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stocksmaster
#12 Posted : Monday, July 18, 2011 10:13:29 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
dunkang wrote:
Wazuans, please get your pessimism out of this site. How can you relate the razing down of one gas station(most probably accounting for atmost 2% volume sales annually) to tumbling of a companies share price.

Get busy, lest you are another breed of activist who utter any a long as is bad (an mostly useless), nothing good.


KK has about 160 gas stations in Kenya and about 420 stations in total (Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Burundi and Zambia). As such, the Kitengela station should contribute less than 0.24% of the turnover.

Am certain its fully insured and should be back in operations in no time.

Happy hunting
x handle: @stocksmaster79
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Cde Monomotapa
#13 Posted : Monday, July 18, 2011 10:20:29 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
stocksmaster wrote:
dunkang wrote:
Wazuans, please get your pessimism out of this site. How can you relate the razing down of one gas station(most probably accounting for atmost 2% volume sales annually) to tumbling of a companies share price.

Get busy, lest you are another breed of activist who utter any a long as is bad (an mostly useless), nothing good.


KK has about 160 gas stations in Kenya and about 420 stations in total (Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Burundi and Zambia). As such, the Kitengela station should contribute less than 0.24% of the turnover.

Am certain its fully insured and should be back in operations in no time.

Happy hunting

Yup. Think, do not be afraid..(to think)
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mwanahisa
#14 Posted : Monday, July 18, 2011 10:59:51 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Why not? Jinxing it would only play into (some of) our hands.

earthvoice wrote:
Cde Monomotapa wrote:
+6.5% up today. So much for this wet dream.

Don't jinx it bro, its only 10.00am...!
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VituVingiSana
#15 Posted : Monday, July 18, 2011 1:30:55 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
More details:

The station was being relocated (due to expansion of the road) & was only selling gas (LPG) cylinders. The loss is limited to damaged premises, some cylinders & one vehicle.

The station was 'closed' but being renovated to a non-fuel business since it was not viable as a fuel station after the expansion of the road. [I suspect some of the land/area was acquired for the expansion so the fuel court would be too small]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#16 Posted : Monday, July 18, 2011 2:11:23 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mwanahisa wrote:
Why not? Jinxing it would only play into (some of) our hands.

earthvoice wrote:
Cde Monomotapa wrote:
+6.5% up today. So much for this wet dream.

Don't jinx it bro, its only 10.00am...!


Oops...
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