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KenolKobil first HY 2011 pretax profit up 86%
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Cde Monomotapa
#71 Posted : Wednesday, July 27, 2011 8:29:44 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Mah8r hawakosi. How can KK make so much money? Coz it can.
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mwenza
#72 Posted : Wednesday, July 27, 2011 9:11:42 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
stocksmaster wrote:
I must say that the half year results are beyond my wildest expectations.

A net profit of Ksh 2.157B means a half year EPS of Ksh 1.34 after the 140M shares ESOP (hope Wazuans can now appreciate the power of employee motivation and impact of making employees stakeholders in a business).

Management has indicated that projected 2nd half 2011 will be stronger than 2nd half 2010. This means an EPS of > Ksh 0.41 for second half; and hence an EPS of > Ksh 1.75 for 2011.

Even if the market continues valuing the share at a P/E of 9, this points to a target price of (Ksh 1.75 x 9)= Ksh 15.75 for March 2012.

By paying an interim dividend of Ksh 0.57 (for 6 months trading)which is almost 10% higher than the 12 months trading dividend (Ksh 0.52) for last year; the company is demonstrating that it has confidence of a very good 2nd half 2011.

I forsee a bonus issue of 1:5 with final year results and a final dividend of Ksh 0.43 to bring the 2011 dividend payment to Ksh 1.00. Remember the reason for increasing the number of shares was given as both for the ESOP and to increase the trading of KK shares(Increase market Liquidity). After the ESOP allocation of 140M, the total issued shares becomes abt 1.612B,thus 388M shares are left. This makes a 1:5 bonus feasible.

Having bought a huge holding (in the hundreds of thousands)of KK for my long term portfolio in early this year at average of about Ksh 10, i am impressed by the return on investment. In less than six months of holding, the share is returning a dividend of Ksh 0.52 + Ksh 0.57 = Ksh 1.09 and a further capital gain of at least Ksh 1.00.

It therefore begs the question 'What do those people shooting KK down have in their portfolio?'

It will be interesting to see what this share will be trading at Early 2013 after the elections are done and dusted and if this growth momentum is maintained, I wouldn't be surprised if it will be in the Ksh 20s.

I rarely give a Strong Buy recommendation to a share, but thats exactly how i rate KK at a price below Ksh 12.50.

Happy hunting.




When the Master talks, its only a fool who can ignore him.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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mukiha
#73 Posted : Wednesday, July 27, 2011 9:16:07 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
QW25071985 wrote:
Aguytrying wrote:
Oh my God. They did it, they did it. The interim dividend is more than previous financial years' dividend. I think what segman and co. Are telling the market, is that this share is actually worth double. This is a serious question to mr market. And as some have said, if there is supply, we will be buying if only for the dividend. Thats a 5.2 percent dividend yield on the interim, at 11 bob. thankyou very much. 13.00 here we come.


The didvidend yeild of 5.2% minus a brokers comission of 5.0% . Lol . you have made my day. Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly



Kweli; hesabu ni ngumu!!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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earthvoice
#74 Posted : Wednesday, July 27, 2011 9:29:52 AM
Rank: Member

Joined: 1/29/2011
Posts: 257
mukiha wrote:
QW25071985 wrote:

The didvidend yeild of 5.2% minus a brokers comission of 5.0% . Lol . you have made my day. Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Kweli; hesabu ni ngumu!!

Laughing out loudly he he he Applause
"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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FUNKY
#75 Posted : Wednesday, July 27, 2011 9:41:35 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
I thought this share will rise above 10 % today...but so far it has only risen by 6%
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Cde Monomotapa
#76 Posted : Wednesday, July 27, 2011 9:45:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Looking a bit further it confirms that ESOPs are the way to go. Look @ SA and all its Unions problems, nkt!! (or here with KQ). With a successful ESOP then employee expectations & objectives are directly linked to the companies progress!!
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Cde Monomotapa
#77 Posted : Wednesday, July 27, 2011 9:47:42 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
FUNKY wrote:
I thought this share will rise above 10 % today...but so far it has only risen by 6%

I prefer a smooth gradual growth curve smile nets in new buyers at each stage hence support bases ;-)
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fresher2010
#78 Posted : Wednesday, July 27, 2011 9:52:29 AM
Rank: New-farer

Joined: 10/26/2010
Posts: 34
Location: Nairobi
Cde Monomotapa wrote:
FUNKY wrote:
I thought this share will rise above 10 % today...but so far it has only risen by 6%

I prefer a smooth gradual growth curve smile nets in new buyers at each stage hence support bases ;-)



Very true, if it gains say 3% each day, for like 5 days continuous, now that will be awesome! I should have gone in 100%, and not just 20%...sigh..oh well win some, lose some!
Jamaa wa mjengo
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the deal
#79 Posted : Wednesday, July 27, 2011 10:03:20 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
Looking a bit further it confirms that ESOPs are the way to go. Look @ SA and all its Unions problems, nkt!! (or here with KQ). With a successful ESOP then employee expectations & objectives are directly linked to the companies progress!!

In Kenya people work for peanuts...ask those KQ ground staff how much they're paid n u will be shocked...a Vet Doc after spending 5 yrs in Uni gets paid 50K in Kenya while in Namibia the later will pocket around 400K. In SA its all about overpaid lazy workers wanting more money...overall ESOPS are good they bring a sense of ownership among staff...i'm sure morale levels are sky high among JIS troops.
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Genghis Khan
#80 Posted : Wednesday, July 27, 2011 10:21:58 AM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
Got some avg. under 11.00. If i can net 20% in under 4weeks will be happy (enough to sell half the lot @13.50).

Will always buy if under 12 & I can get cash.

It a win/win: If it goes back to 10 i'm happy, if it goes to 15 i'm happy.

@VVS, i bow down to your awesomeness! A word of caution though, keep your ear to the ground, don't "fall in love"... if (God forbid) it tanks one day...
Again, I bow down to your awesomeness!
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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  | | Edit by user: Wednesday, July 27, 2011 10:41 AM | Reason: Not specified
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