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VituVingiSana		#901 Posted : Monday, October 11, 2010 8:44:01 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi		guru267 wrote: I had never bothered looking into KK but when i saw their results i was dumbfounded that it was trading below 10bob.... Its H1 EPS alone can sustain this price... When i get into KK i'm selling at 20 between now and 2013 So all that time I was wasting my breath on you about KK??? The 1H EPS = 0.79 Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#902 Posted : Monday, October 11, 2010 8:52:46 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		VituVingiSana wrote: guru267 wrote: I had never bothered looking into KK but when i saw their results i was dumbfounded that it was trading below 10bob.... Its H1 EPS alone can sustain this price... When i get into KK i'm selling at 20 between now and 2013 So all that time I was wasting my breath on you about KK??? The 1H EPS = 0.79 @VVS lets just say i saw the light... With ONLY its half year EPS its trading at a P/E of 12.56 which is CHEAP!!! I don't mind waiting but i'm pretty sure it will pay off... The only problem is that now i'm holding two industrial companies which i would have preferred to avoided... Mark 12:29 Deuteronomy 4:16
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the deal		#903 Posted : Monday, October 11, 2010 8:53:17 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		mwanahisa wrote: @Horton. At worst, I would expect that KK broke even during the "hostilities". Note that a lot of independents do not participate in OTS and also source product(s) from the majors, yet they continue in business. H1 2010 EPS was 80 cts. If we assume Zero EPS for Q3 but Q4 continues at the same pace as H1 (i.e. 40 cts EPS), we can look forward to an EPS of Kshs 1.20 which is a PE ratio of less than 10 and lower than that of Total. Total's normalised Headline EPS will probably come in at about Kshs 2, based on H1 2010 - a PE ratio of 15.4 at today's price of 31.25. Dont compare Totals 1H EPS to KK's EPS...cos Total was aulready paying the processing fee's KK vehently fought...KK operating margins will take a hit...
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mwanahisa		#904 Posted : Monday, October 11, 2010 9:19:44 PM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		@The Deal, KK will make up for some of this from subsidiaries outside Kenya. Remember they are adding (have added) Mozambique and Burundi came on stream earlier in the year. Zim might yet come through as well. And by the way, go back about 3 year's back when procesing fees were same for KK and Total. Guess who was still on top?
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guru267		#905 Posted : Monday, October 11, 2010 9:22:10 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		the deal wrote: mwanahisa wrote: @Horton. At worst, I would expect that KK broke even during the "hostilities". Note that a lot of independents do not participate in OTS and also source product(s) from the majors, yet they continue in business. H1 2010 EPS was 80 cts. If we assume Zero EPS for Q3 but Q4 continues at the same pace as H1 (i.e. 40 cts EPS), we can look forward to an EPS of Kshs 1.20 which is a PE ratio of less than 10 and lower than that of Total. Total's normalised Headline EPS will probably come in at about Kshs 2, based on H1 2010 - a PE ratio of 15.4 at today's price of 31.25. Dont compare Totals 1H EPS to KK's EPS...cos Total was aulready paying the processing fee's KK vehently fought...KK operating margins will take a hit... @the deal when it comes to debt, EPS, dividend yield, diversification, management, profits, total kenya hasn't got ANYTHING on KK.... Mark 12:29 Deuteronomy 4:16
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Magnetic Touch		#906 Posted : Monday, October 11, 2010 10:19:52 PM
Rank: Member Joined: 12/31/2008 Posts: 90		KK is to pay KPRL part of the 600 million disputed oil processing fee. @mwanahisa, Your assumptions have just been shot to hell. See:http://www.businessdailyafrica.com/KenolKobil%20agrees%20to%20pay%20disputed%20refinery%20fee/-/539552/1030852/-/2t79xcz/-/index.html
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VituVingiSana		#907 Posted : Monday, October 11, 2010 10:27:57 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi		Magnetic Touch wrote: KK is to pay KPRL part of the 600 million disputed oil processing fee. @mwanahisa, Your assumptions have just been shot to hell. See:http://www.businessdailyafrica.com/KenolKobil%20agrees%20to%20pay%20disputed%20refinery%20fee/-/539552/1030852/-/2t79xcz/-/index.html Hold on... LOL... The story is from the unreliable Business Daily... Even I was recently burnt by that! I quoted them & the NEXT day they had a different story on the SAME case! @mwanahisa is relying on KK's announcement on their website & sent to the NSE... A falsehood in an 'official' announcement can be liable to penalties + charges in court. Business Daily & Nation have pathetic business research... I only read them to get the pulse but always check other sources... There is no 'penalty' for mis-reporting by newspapers or media... When they are caught out, they 'apologize' with a tiny apology in the middle of the newspaper [even if the false story is on the front page]... I am with @mwanahisa on this... I am going to drink KK's Kool Aid on this until I know better! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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BGL		#908 Posted : Tuesday, October 12, 2010 12:35:01 AM
Rank: Veteran Joined: 10/11/2009 Posts: 1,223		MR VVS... this is how your master Mr Segman will settle his overdue debt.. He has realised he does not have more muscles than everybody else. A payment schedule of Sh634,422, 694.49 the oil marketer owes the refinery was reached on October 7, according to someone familiar with the matter, and both parties have agreed to withdraw of all legal suits on the matter. Under the new deal, KenolKobil is required to initially pay 50 per cent of disputed debt – about Sh300 million – and Sh55 million in 10 months’ installments from November 1, 2010. “KenolKobil is required to pay new processing fees and give a secured irrevocable guarantee from a reputable bank acceptable to KPRL with respect to arrears of fees,” The whole story..... http://www.nation.co.ke/...22/-/ewbceo/-/index.html History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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VituVingiSana		#909 Posted : Tuesday, October 12, 2010 12:45:04 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi		BGL wrote: MR VVS... this is how your master Mr Segman... WTF do you mean? Are you an effing mwarabu who thinks folks on wazua are slaves? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#910 Posted : Tuesday, October 12, 2010 5:41:51 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Magnetic Touch wrote: KK is to pay KPRL part of the 600 million disputed oil processing fee. @mwanahisa, Your assumptions have just been shot to hell. See:http://www.businessdailyafrica.com/KenolKobil%20agrees%20to%20pay%20disputed%20refinery%20fee/-/539552/1030852/-/2t79xcz/-/index.html This is hearsay from someone "familiar" with the deal... No evidence has been given and no official statement made on any payment.... And believe me the so called payment schedule of 55million is peanuts... Mark 12:29 Deuteronomy 4:16
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Wazua » Investor » Stocks » KENOL/KOBIL

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