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KenolKobil FY 2016 net profit up 19%

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mlennyma		#1 Posted : Tuesday, March 07, 2017 6:05:45 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Kenolkobil reports FY group pre-tax profit 3.54 bln shillings. March 7 (Reuters) - Kenolkobil Ltd FY ended Dec 2016 profit before tax 3.54 billion shillings versus 2.78 billion shillings year ago FY ended Dec 2016 group net sales of 103.50 billion shillings versus 86.55 billion shillings year ago * Board recommends final dividend of 0.30cts "Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana		#2 Posted : Tuesday, March 07, 2017 6:47:22 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		mlennyma wrote: Kenolkobil reports FY group pre-tax profit 3.54 bln shillings. March 7 (Reuters) - Kenolkobil Ltd FY ended Dec 2016 profit before tax 3.54 billion shillings versus 2.78 billion shillings year ago FY ended Dec 2016 group net sales of 103.50 billion shillings versus 86.55 billion shillings year ago * Board recommends final dividend of 0.30cts 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. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Gatheuzi		#3 Posted : Tuesday, March 07, 2017 6:53:45 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		VituVingiSana wrote: mlennyma wrote: Kenolkobil reports FY group pre-tax profit 3.54 bln shillings. March 7 (Reuters) - Kenolkobil Ltd FY ended Dec 2016 profit before tax 3.54 billion shillings versus 2.78 billion shillings year ago FY ended Dec 2016 group net sales of 103.50 billion shillings versus 86.55 billion shillings year ago * Board recommends final dividend of 0.30cts 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. Does this mean we get 15 cents dividend as final dividend considering an interim of 15 cents was paid? 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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Spikes		#4 Posted : Tuesday, March 07, 2017 7:47:12 PM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		Gatheuzi wrote: VituVingiSana wrote: mlennyma wrote: Kenolkobil reports FY group pre-tax profit 3.54 bln shillings. March 7 (Reuters) - Kenolkobil Ltd FY ended Dec 2016 profit before tax 3.54 billion shillings versus 2.78 billion shillings year ago FY ended Dec 2016 group net sales of 103.50 billion shillings versus 86.55 billion shillings year ago * Board recommends final dividend of 0.30cts 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. Does this mean we get 15 cents dividend as final dividend considering an interim of 15 cents was paid? It means total dividend per year 0.45 kes. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Realtreaty		#5 Posted : Tuesday, March 07, 2017 8:26:36 PM
Rank: Elder Joined: 8/16/2011 Posts: 2,386		Hurry!!!!!!! http://www.kenolkobil.com/uploa...16_full_year_results.pdf
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VituVingiSana		#6 Posted : Tuesday, March 07, 2017 9:50:20 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Gatheuzi wrote: VituVingiSana wrote: mlennyma wrote: Kenolkobil reports FY group pre-tax profit 3.54 bln shillings. March 7 (Reuters) - Kenolkobil Ltd FY ended Dec 2016 profit before tax 3.54 billion shillings versus 2.78 billion shillings year ago FY ended Dec 2016 group net sales of 103.50 billion shillings versus 86.55 billion shillings year ago * Board recommends final dividend of 0.30cts 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. Does this mean we get 15 cents dividend as final dividend considering an interim of 15 cents was paid? 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. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Gatheuzi		#7 Posted : Wednesday, March 08, 2017 6:58:39 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Thanks @Spikes & @Vvs. So that means at current price of 14 the Dividend yield comes to 3.2%. That is not bad. For those who bought at 8 the yield is even better at 5.6%. 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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heri		#8 Posted : Wednesday, March 08, 2017 8:14:09 AM
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi		Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob
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obiero		#9 Posted : Wednesday, March 08, 2017 8:28:00 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi		heri wrote: Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob Tosheka na hio kwa sasa KQ ABP 4.26
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Ebenyo		#10 Posted : Wednesday, March 08, 2017 8:31:44 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		obiero wrote: heri wrote: Has the profit growth slowed down. i was expecting higher profits and higher EPS of closer to 2 bob Tosheka na hio kwa sasa huyo jamaa ako na njaa sana.Ambia yeye anunue shares ya BAT. Towards the goal of financial freedom
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