Quality. Even with lower oil prices turnover is up 20% and volumes +30% even after selling Tanzania operations.
Solid dividend. The outlook for 2017 looks even better according to Ohana.
30 new sites in 2016 which will add to volumes and profits in 2017.
Profits and cashflow unlike some firms we know.
👏🏼👏🏼👏🏼

KPRL write-off of 600mn and perhaps more in 2017 but if and when it is paid it can be written back into profits. Total has sued KPRL and it can take 5 years but we can wait.

It means total dividend per year 0.45 kes.

Double your pleasure! 0.15 + 0.30 = 0.45
This is after taking the 600mn write-off. I believe that this will eventually come back to us eventually. Total has sued KPRL and the slow wheels
of Justice are grinding away. Perhaps we will see it in 2022. The money is owed to OMCs and KPRL has assets (land and tanks) that OMCs covet. As the number of vehicles on our roads increase, the need for fuel will increase as will the need for those tanks.

Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob

huyo jamaa ako na njaa sana.Ambia yeye anunue shares ya BAT.

Thanks. What is the total amount that needs to be written off?

It's interesting. They do not need to write it off BUT they will write it off to "clean up" the books. Could this be done to attract another buyer (eg Puma)?

Amount outstanding as @mlennyma said is 600mn more.

2H 2017 will have challenges but Jan and Feb were very good for volumes. Strong volumes, stable oil prices and stable KES all portend a better 2017.

They don't supply airlines like I speak in codes

These are tricks used by managers to secure their jobs. Segman could have turned around KK and returned it to +3B PBT in 3 yrs but posting 15% for 10 yrs wins accolades from shareholders while posting 1000% in 2 yrs then flatlining can lead to being fired.

Wenger knows it very well and tries his best not to win the premier league just so that he can retain his job.

The 600mn provisioned in 2016 & 500-600mn to be provisioned in 2017 aren't cash losses. As you said, when the courts ultimately rule in favor of OMCs, they could be written back to boost profits in a slow year. That said, folks aren't dumb enough not to see through it.