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KenolKobil Ltd (KENO)

End of day - Feb 18, 2019
+0.10 (+0.46%)
22.00   +0.10 (+0.46%)
End of day - Feb 18, 2019
52-week Range
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Market Commentary

Intelligent investors are busy purchasing stocks now, such that when the market recovers, their portfolio averages will be low enough to start gaining earlier than their counterparts who are waiting to start buying when the hype about markets rebound hits the mainstream news channels.
The idea that a loss or gain isn't considered "realised" until both sides of the transaction are complete is an often repeated myth in investment circles. But is this the right way to look at things?
Total Kenya shares jumped 11.96% during last week's trading session to reach KES 25.75 after the oil marketer announced its full year results ending 2013. The results which showed a return to profitability saw the oil marketer post a profit before tax of KES 2.08 billion eventually bringing to an end a two year loss-making streak.
2013 saw the two listed oil firms display mixed performance at the bourse. Share prices of both firms have continued to display contrasting performance despite more or less similar fundamental performance.
Inflation has increased for the ninth straight month in July, bringing renewed pressure on the Central bank to tighten its monetary policy. Inflation may slow to between 8 percent and 9 percent by the end of the year if the central bank raises rates, while failure to tighten monetary policy may keep the inflation rate above 12 percent.

Brief Company Profile

Market Segment: Main Investment Segment
Sector: Energy and Petroleum

Kenol Kobil Group is an oil and petroleum company, which engages in the importation of crude oil for refining, trading, storage and distribution of refined and other petroleum products. The company operates its business through three business segments: Inland Market, Export, Trading & Aviation and Niche business.  The Group consists of subsidiaries in eight African countries outside Kenya (Head Office) including; Uganda, Rwanda, Zambia, Ethiopia, Burundi and Mozambique. The Group sold its subsidiaries in Tanzania and the Democratic Republic of Congo, marking an exit from the two countries. As a growing pan African oil marketing company, the company has  perfected it's business in the downstream sourcing and marketing of petroleum. KenolKobil Group trades in both crude and refined petroleum products which include motor fuels, industrial oils, LPG, aviation fuels, lubricants and various other specialist oils. 

Kenol Kobil Group is the only oil marketing company in East, Central and Southern Africa regions with an African Trading Desk. The Trading Desk  is involved in large scale procurement and selling of Petroleum products including Crude Oil, Petroleum Solvents, White Oils, LPG and Lubricants to Government bodies, large industrial establishments and refineries in Africa and other far off markets. The company strategy has shifted from aggressive regional and market share expansion to a focus on profitable countries and market segments. This has been achieved through selling of assets, cutting down on borrowing and scaling down its activities in fuel trading and at the open tender system.

Jan 16, 2017
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