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KenolKobil FY2010 results are out!
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underweight
#1 Posted : Thursday, March 24, 2011 2:19:14 PM
Rank: Member

Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
Financial year 2010 is out. Profit up from 1.9 B to 2.6 B. Dividend per share is 0.52 KShs. Impressive isn't it? Will give more detail later.
"A bad decision made now is beta that a good one made later!!"
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mwenza
#2 Posted : Thursday, March 24, 2011 2:20:39 PM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
underweight wrote:
Financial year 2010 is out. Profit up from 1.9 B to 2.6 B. Dividend per share is 0.52 KShs. Impressive isn't it? Will give more detail later.



Everything is on the net.



IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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VituVingiSana
#3 Posted : Thursday, March 24, 2011 2:30:53 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Hah! And the prospects are even better... KK says the effect on them is limited from Kenya... LOL...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#4 Posted : Thursday, March 24, 2011 2:49:48 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Kshs 0.52 is a VERY GOOD DIVIDEND for a share that was trading at 9.35 this morning. It seems I was wrong in my interpretation of the trdaing on the counter over the last couple of days. These results are indeed pretty good.

mwanahisa wrote:
I expect the results to be good but NOT GREAT, although an improvement over 2009. However, the results will be coming at a time when the market is in a very DESPONDENT mood. Given this scenario, unless there is a BONUS and/or a VERY GOOD DIVIDEND, it is unlikely that there will be a major improvement in price i.e. over the 10 Shs level in the short term.

It may be worth noting that just before an annoucement when results are expected to be good there will usually be a lot of activity in a stock, usually with increasing prices. I have not seen any of this with KK. But I could be wrong!
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fresher2010
#5 Posted : Thursday, March 24, 2011 3:00:19 PM
Rank: New-farer

Joined: 10/26/2010
Posts: 34
Location: Nairobi
link please?
Jamaa wa mjengo
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mwanahisa
#6 Posted : Thursday, March 24, 2011 3:08:03 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
SEE:

http://af.reuters.com/ar...s/idAFLDE72N10720110324

fresher2010 wrote:
link please?


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mwanahisa
#7 Posted : Thursday, March 24, 2011 3:23:00 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Should we expect at least a 10% rise in the price tomorrow, given the hefty dividend? I sure hope so!
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trizher
#8 Posted : Thursday, March 24, 2011 3:28:47 PM
Rank: New-farer

Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
mwanahisa wrote:
SEE:

http://af.reuters.com/ar...s/idAFLDE72N10720110324

fresher2010 wrote:
link please?




Doesnt state the div.....
...We do it for the $$$$!!
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Gordon Gekko
#9 Posted : Thursday, March 24, 2011 3:36:06 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
‘The business visibility for 1st Half 2011 Financial year, indicates a double digit growth in Net Profit for the 1st Half 2011, compared to same period of 2010’

Confirms that price control is working to KK’s advantage. Last year they grew sales by 5.2% despite being the most expensive OMC. With price controls, even I am now fueling at KK outlets.
Had expected a bonus to conserve cash, but think about it, with such a small amount of outstanding shares, they are keeping lots of change, even after the huge dividend.

In typical Kenyan fashion, I expect a fall in price, I’m putting in more cash into this cow.
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mwanahisa
#10 Posted : Thursday, March 24, 2011 3:47:17 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
GG, I am scrambling around looking for this outlook statement. Give us a link, bro!

Gordon Gekko wrote:
‘The business visibility for 1st Half 2011 Financial year, indicates a double digit growth in Net Profit for the 1st Half 2011, compared to same period of 2010’

Confirms that price control is working to KK’s advantage. Last year they grew sales by 5.2% despite being the most expensive OMC. With price controls, even I am now fueling at KK outlets.
Had expected a bonus to conserve cash, but think about it, with such a small amount of outstanding shares, they are keeping lots of change, even after the huge dividend.

In typical Kenyan fashion, I expect a fall in price, I’m putting in more cash into this cow.
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