....what if they lose

it doesnt look pretty for KK, Im jes glad i sold 90% of my holdings at 10.5 at cool 100%+ profit... too many battles, too many arguments......and im even contemplating selling my "kidogo" shareholding.. getting fed up of all this fiasco......not much "assured" upside(relatively as compared to when I bought at 46)

Next Value buy for me is JUB

@Horton - Lucky move... but I will stay put... why? Coz when there is blood in the streets you BUY... especially if it is your blood... LOL...

@sheep - I do not really care [I will buy more as I can] coz I am confident they will break out to 13/- within 12 months!

I got the story. ERC has been stopped from cancelling KK's processing licence. KK have 7 days to file its reasons as to why the license shouldn't be cancelled.
The same clip showed Nyoike, he was literally ranting like a lunatic when saying that if KK were shut down the market would immediately fill the void and there would be no impact on prices and supply.

nyoike seems to be in someone's pocket or is being used because he is supporting Gulf Energy just as he did Triton...

Boss, with all due respect, perhaps u don't understand the word "margin of safety" I remember once when it was jes myself and Gordon gekko who were shouting ourselves hoarse about kk being a good buy at 46, most of you guys came in after the waves were getting to their peak. I think it's either correctly valued at the moment or a tad bit overvalued(again, the jury is still out on the word "valuation"). I bailed out simply because:(again according to me)
A. It's correctly/slightly overvalued at 10ish
B. Too much drama, I do know that they are right in this matter, but they should be concentrating on business. If I were kk management, I would first secure operations then fight it in court....this maintains continuity of business. Right now, I'm sure they have lost more that the 472m or whatever in lost business, demurrage, legal fees, lost man hours Etc.
C. I prefer businesses like Carbacid, high margins, monopolistic, non-utility types and that is not because of any govt favors, their position is coz of their moat, resources, contracts etc Linde group BOC, has found this a tough nut to crack, again, if u went to BOCs agm, u would realize that they were avoiding the CO2 question.Which continues on my next point,
D. Due their poor margins again due to high competition. They barely manage 2% on averege, at 46bob, margin of safety to cover(counter for me, the investor) these low margins. Again compare to Carbacid which has net margins of over 40%, that means shareholders get to "keep" over 40% of the turnover. Btw KK has the highest turnover in Kenya at close to $2B. But sadly, most of it is not retained coz of the industry. Again to quote Buffet(since I figure u like him)
"when a management known for it's brilliance tackles a business with a reputation for bad economics, it's usually the reputation of the business that remains intact.

Disclaimer: these are only my views, I ain't saying ur wrong, I'm jes saying....

Speaking of B.O.C, its half year profits after tax down 32 percent. www.allafrica.com/stories/201009030983.html

He represents the govt, just like ps treasury sits on boards of govt firms. I agree with @horton on this one. I also shouted buy at 48 and some chaps came up with analysis of crude oil prices showing why KK wasn't a good buy. In the circumstances the chances of loss are very real at 10's range. If you are ready to wait you might get in at a better price