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KenolKobil FY14 PAT up 95%
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derick
#11 Posted : Tuesday, March 24, 2015 11:19:38 PM
Rank: Member

Joined: 1/10/2015
Posts: 411
mlennyma wrote:
derick wrote:
Cde Monomotapa wrote:
murchr wrote:
Bravo Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause


Yup. The books are in order. Kudos.

@Mlennyma. from that report? What would you say?

my interest is not the report but how the share reacts,but a billion plus is good given the retrenchment costs and the icu we are coming from as a companyPray

Was also expecting something like a conference. But let's wait and see how the market will react to that news.
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Pesa Nane
#12 Posted : Tuesday, March 24, 2015 11:30:04 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Management commentary

18% increase in Gross Profit to Ksh. 5.1 Bn attributed to effective inventory management and focus on high margin business segments.

25% reduction in operating costs evidence of consistent and effective cost management

22% reduction in finance cost achieved through debt reduction, debt restructuring, rate negotiation and lower capex (lower international oil prices)

Outlook: Confident of continued significant improvement in 2015. Q1 "already delivering strong expected results with significantly lower net borrowings."
Pesa Nane plans to be shilingi when he grows up.
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mlennyma
#13 Posted : Tuesday, March 24, 2015 11:33:38 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Pesa Nane wrote:
Management commentary

18% increase in Gross Profit to Ksh. 5.1 Bn attributed to effective inventory management and focus on high margin business segments.

25% reduction in operating costs evidence of consistent and effective cost management

22% reduction in finance cost achieved through debt reduction, debt restructuring, rate negotiation and lower capex (lower international oil prices)

Outlook: Confident of continued significant improvement in 2015. Q1 "already delivering strong expected results with significantly lower net borrowings."

thanks sir,this covering letter is always very vital.
"Don't let the fear of losing be greater than the excitement of winning."
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Pesa Nane
#14 Posted : Tuesday, March 24, 2015 11:35:26 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
First and final Dividend of Ksh. 0.20 per share vs Ksh 0.10 in 2013 payable 05 June 2015. Register closes 07 May 2015

AGM: 6 May 2015 at Inter Continental Hotel
Pesa Nane plans to be shilingi when he grows up.
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mlennyma
#15 Posted : Tuesday, March 24, 2015 11:37:58 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Pesa Nane wrote:
First and final Dividend of Ksh. 0.20 per share vs Ksh 0.10 in 2013 payable 05 June 2015. Register closes 07 May 2015

AGM: 6 May 2015 at Inter Continental Hotel

anything like a groom taking the bride?or the bride is now able to stand alone and pay her bills?
"Don't let the fear of losing be greater than the excitement of winning."
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Kausha
#16 Posted : Tuesday, March 24, 2015 11:47:27 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
As earlier commented KK of old will trully be back in July. Much higher margins in 1st half 2015 As evidenced by the debt 2.4billion debt repayment. was expecting a bonus share instead of the dividend. Quite pleased by the cost crunching. Truly commendable in openning up jaws.
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VituVingiSana
#17 Posted : Wednesday, March 25, 2015 12:03:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Arrrghhh! Can't upload/insert a PNG.

3 major takeaways:

1. Debt levels to drop to 7bn by 1Q 2015 (13.6bn Dec 2013 ; 9.4bn Dec 2014)
2. Interest rates have dropped as new financiers have come on board & existing banks have dropped rates
3. 1Q 2015 is already looking more promising as far as margins go and low prices might continue for the rest of 2015.

All in all lower financing costs (2013 1.6bn ; 2014 1.3bn) will help KK become much more profitable.
The AGM is on 6th May but KK should give us a better feel for 1H during the AGM.

NAV approx 5/share but KK uses historical accounting to value its properties. So it is still a (very) low-margin (ROA) business vs Banks/Safaricom.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#18 Posted : Wednesday, March 25, 2015 12:11:46 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Questions for @Kausha et al:

1) 450mn reduction in "Other Income" ... What is this (huge) "Other Income"?
2) 337mn in Forex Losses. Ouch. How does a firm like KK reduce or mitigate that loss?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#19 Posted : Wednesday, March 25, 2015 3:40:35 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
@Mwekezaji will wake up to some really good news smile
"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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Gatheuzi
#20 Posted : Wednesday, March 25, 2015 6:53:40 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Where is @Realtreaty?
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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