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Total Kenya FY2013 results - WOW
newfarer
#11 Posted : Saturday, April 12, 2014 7:05:29 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
adam.was the richest man to exist with face to face communication with the creator of everything in this world .that didnt make eve satisfied.so do your best but dont stress to get a satisfied woman.
punda amecheka
murchr
#12 Posted : Saturday, April 12, 2014 7:23:27 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
newfarer wrote:
adam.was the richest man to exist with face to face communication with the creator of everything in this world .that didnt make eve satisfied.so do your best but dont stress to get a satisfied woman.


?????? This is the TOTAL K thread.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Goldilocks Reloaded
#13 Posted : Monday, April 14, 2014 12:00:24 PM
Rank: Member

Joined: 1/14/2014
Posts: 178
Aguytrying wrote:
Goldilocks Reloaded wrote:
Standard Investment Bank estimates the fair value of Total (K) to be KES 37.80. What do Wazuans think? Also, when is Total's book closure?



do you think it warrants to trade at a pe of 18 (including prefs)


I agree that is quite high and they would have to work really hard to warrant such a high PE. However i expect that the recovery is well underway and barring any major movements from the prefs, the price should continue to rise.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
Ebenyo
#14 Posted : Monday, January 13, 2020 10:37:18 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
dunkang wrote:
Aguytrying wrote:
dunkang wrote:
In short;
Sales up 29% to KES 155B
P.B.T up to KES 2.1B from a loss of KES 64M
E.P.S up to KES 2.08 from KES -0.32
Dividend up to KES 0.6 per share from KES 0.2


not bad. this is why I bought it last year coz it was an obvious turn around.

but those preference shares scare me. at eps of 2.08 which includes preference shares id say it's fairly valued. but market may want to push it up.

let's hope kk can make at least 1bn pbt

Get the report here

I would rather the preference shares than bank loans. Do you know that they are INTEREST FREE?
Not dividend-free. It depends on how the EPS is reported. The number that should have been reported is PROFIT ATTRIBUTABLE TO ORDINARY SHAREHOLDERS LESS PREFERRED DIVIDENDS to make a meaningful comparison. The good news for Total Kenya is that Preferred Dividends are lower than Interest Cost. The bad news is there is no tax shield on dividends paid vs interest cost i.e. the cash outflow is higher on a dividend payout vs (comparable) interest of a loan.

That said at 16% interest vs a 60 cents preferred dividend, the minority Total Kenya shareholder is better off with the Preferred Shares!



This was a good insight from @vvs.
Towards the goal of financial freedom
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