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Kenol Kobil problems continues..
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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muganda wrote:Many large companies now have Regulatory departments which lobby government on issues. KenolKobil have a newfound way of lobbying - headbutting
Sure we will all see its wisdom as they write history. Did KK benefit from peferential treatment during total man Biwott days? biwott's influence is now history... At least 8 years ago! I became a shareholder AFTER 2002... so I want my firm to do well... If the current GoK have a beef with biwott... go after biwott not KK... biwott has properties, shares (including KK)... so go after those not after KK which is a PUBLIC firm... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@vvs well said. The govt, which is run by OUR taxpayers money should realise that KK is a leading KENYAN LISTED firm. Thousands of honest taxpaying kenyans have put in their hardearned cash into kk regardless of bwhat's interests. And the issue of giving tenders to obscure private firms, which disappear with billions due to a bank owned partly by taxpayers, in return for kick-backs is in bad taste. Let them know that we know, and their days are numbered Life is short. Live passionately.
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Rank: Member Joined: 6/9/2009 Posts: 85
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Will we see a minor price rally tomorrow? Or at least the share halting its recent slide? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Should the govt force KK to process crude at the refinery, given that KPRL is a private co owned by Essar (not sure of %) Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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sparkly wrote:Should the govt force KK to process crude at the refinery, given that KPRL is a private co owned by Essar (not sure of %) I think Essar was promised that KPRL would be allowed to process 50% of Kenya's crude imports... This has the making of Orange-Telkom debacle... Something tells me Essar will end up suing GoK for promises not met... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/16/2010 Posts: 672 Location: nairobi
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And this gava is the one stearing us to industrialization by 2030.....we are lost....this is like a mother who kills her won children and take care of those of her neighbour!!! Now this circus all began because kprl is inefficient....NOT THAT KK DOESNT WANT TO PAY!!! How do you pay for inefficiency???? BTW ....is shareholder activism allowed in kenya??...then we shareholders stand in soliderity with kk....maybe call an E.O.G.M....then we issue a statement  ..... This is because this is our business being interferred with....ama pia katiba inataka 1,000,000 signatures ndio tufanye hivi  God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@mjuaji - Shareholder activism is minimal in Kenya... A pity! Anyway, the GoK are being idiots... well, the corrupt ones know what they are upto... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/31/2007 Posts: 304
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mjuaji wa stocks wrote:And this gava is the one stearing us to industrialization by 2030.....we are lost....this is like a mother who kills her won children and take care of those of her neighbour!!! Now this circus all began because kprl is inefficient....NOT THAT KK DOESNT WANT TO PAY!!! How do you pay for inefficiency???? BTW ....is shareholder activism allowed in kenya??...then we shareholders stand in soliderity with kk....maybe call an E.O.G.M....then we issue a statement ..... This is because this is our business being interferred with....ama pia katiba inataka 1,000,000 signatures ndio tufanye hivi Getting married to a share is dangerous....it can only lead to constant heartaches and pent up emotions. KK needs to choose its battles well..they also need to value their shareholders more and focus on their core mandate. They need to realize they r not civil society..they r a capitalist entity which have a civil way of influencing government....Acting the rebel within is not wise.. The path they have taken is a path to destruction and mayhem..
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Rank: New-farer Joined: 5/3/2010 Posts: 69
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KK may have a water tight case. But I think a bare knuckles all out war with the government and its key institutions such as KRA, KPL and KPA is never wise in the long run for such a large company. The state has so many legal ways of squeezing management's balls that it is the shareholders who eventually end up losing.
What I am hoping they are doing in the background is finding ways to settle this out of court and away from the limelight. KK may have to eat some humble pie and then ask the government to do the same as a compromise.
One of the main reasons Exxon Mobil, BP, Chevron, Shell or even investment banks like Goldman Sachs have survived till today is keeping the government of whichever country they operate in happy. It is a sad fact but it is just how big business functions.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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So @moneydust & @RVP are saying that corruption & heavy-handedness are OK? What happened to the concept of ZERO corruption? It is when you ACCEPT the notion of corruption or submission that the problems start! When my fathers said nothing (or just grumbled) about kenyatta's corrupt ways [land-grabbing, forgiving ngei the thief, 10% in every business] that we started down a SLIPPERY slope! Then moi built on it... he ended up with absolute power. Not in one grab but by the citizenry who 'compromised' with the devil... Soon the devil owned us. Lock, Stock & two effing Barrels!!! @RVP - I know what you are saying but the mediocrity runs through the entire system! KPA, KPC, KPRL, MoE, NOCK. Not to mention the corruption! nyoike & his buddies were out there defending/protecting Triton. The Kenyan taxpayer (aka VVS & friends) paid/lost KES 8 Billion! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:So @moneydust & @RVP are saying that corruption & heavy-handedness are OK?
What happened to the concept of ZERO corruption?
It is when you ACCEPT the notion of corruption or submission that the problems start! When my fathers said nothing (or just grumbled) about kenyatta's corrupt ways [land-grabbing, forgiving ngei the thief, 10% in every business] that we started down a SLIPPERY slope!
Then moi built on it... he ended up with absolute power. Not in one grab but by the citizenry who 'compromised' with the devil... Soon the devil owned us. Lock, Stock & two effing Barrels!!!
@RVP - I know what you are saying but the mediocrity runs through the entire system! KPA, KPC, KPRL, MoE, NOCK. Not to mention the corruption! nyoike & his buddies were out there defending/protecting Triton. The Kenyan taxpayer (aka VVS & friends) paid/lost KES 8 Billion! @vvs its not accepting corruption but being real about its existence... The G.O.K could decide to expel KK tomorrow and believe me neither the shareholders or the management could do DAMN thing... And does KK really think KPRL is going to pay it 5billion... Segman should stop wasting time with this and get back to business... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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guru267 wrote:VituVingiSana wrote:So @moneydust & @RVP are saying that corruption & heavy-handedness are OK?
What happened to the concept of ZERO corruption?
It is when you ACCEPT the notion of corruption or submission that the problems start! When my fathers said nothing (or just grumbled) about kenyatta's corrupt ways [land-grabbing, forgiving ngei the thief, 10% in every business] that we started down a SLIPPERY slope!
Then moi built on it... he ended up with absolute power. Not in one grab but by the citizenry who 'compromised' with the devil... Soon the devil owned us. Lock, Stock & two effing Barrels!!!
@RVP - I know what you are saying but the mediocrity runs through the entire system! KPA, KPC, KPRL, MoE, NOCK. Not to mention the corruption! nyoike & his buddies were out there defending/protecting Triton. The Kenyan taxpayer (aka VVS & friends) paid/lost KES 8 Billion! @vvs its not accepting corruption but being real about its existence... The G.O.K could decide to expel KK tomorrow and believe me neither the shareholders or the management could do DAMN thing... And does KK really think KPRL is going to pay it 5billion... Segman should stop wasting time with this and get back to business... In the corporate sector you have *ABSOLUTE POWER* if you are the Chaiman and the CEO at the same time (2006 to date) and if that is not enough you assume role of a spin-doctor aka spokesman. With such powers plus a little bit of arrogance you will never see why KPRL,KPC,KPA should be doing business in Kenya. Infact if you compare & contrast MOI & Jacob I Segman there is a very thin line in their modus operandi. I also wonder why some people have to call others *idiots*. Infact calling others idiots make you the big one. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Member Joined: 1/31/2007 Posts: 304
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VituVingiSana wrote:So @moneydust & @RVP are saying that corruption & heavy-handedness are OK?
What happened to the concept of ZERO corruption?
It is when you ACCEPT the notion of corruption or submission that the problems start! When my fathers said nothing (or just grumbled) about kenyatta's corrupt ways [land-grabbing, forgiving ngei the thief, 10% in every business] that we started down a SLIPPERY slope!
Then moi built on it... he ended up with absolute power. Not in one grab but by the citizenry who 'compromised' with the devil... Soon the devil owned us. Lock, Stock & two effing Barrels!!!
@RVP - I know what you are saying but the mediocrity runs through the entire system! KPA, KPC, KPRL, MoE, NOCK. Not to mention the corruption! nyoike & his buddies were out there defending/protecting Triton. The Kenyan taxpayer (aka VVS & friends) paid/lost KES 8 Billion! Facing reality is the essence of life..... We all detest corruption and unfair govt machinations.However we must all look at the downside and upside of everything we do. That said its inconceivable to think that KPRL,KPC can pay KK the billions it is askin 4 because these are largely govt institutions and such payments will need to be financed by treasury..and even if the judgements go KK's way the cost of the victory will b so high (here am thinking delicensing pending determination of the suit )as to negate the potential rewards KK has managed to make billions in the past inspite of the inefficient/harsh operating environment.They should go back to that and seek better ways of putting their point across...
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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If only KK could go 8/- for a nice discounted long term entry. Unlike total kenya, kk is highly diversified with solid biz across the subsahara. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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It's oversold for the first time in 3 month...i think i will put a bid tomorrow...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:If only KK could go 8/- for a nice discounted long term entry. Unlike total kenya, kk is highly diversified with solid biz across the subsahara. We'll see tomorrow. A low of 8.40 today, though there was a lot of demand at that price range which pushed it up. GOD BLESS YOUR LIFE
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Tomorrow i c an 8.10 /= . Time 2 bring out the contrarian in me Your future depends on your dreams so go to sleep !
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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KK should just hope for a regime change in 2012 otherwise mambo yao kwisha in the retail sector. You don't step on the toes of regulators in your anchor market and expect to survive at a time when the oil and energy sector is being restructured
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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mkonomtupu wrote:KK should just hope for a regime change in 2012 otherwise mambo yao kwisha in the retail sector. You don't step on the toes of regulators in your anchor market and expect to survive at a time when the oil and energy sector is being restructured BK..small time thinking.If ERC stuck to its mandate and some of its personnel did not have secondary interests in the same industry they are regulating we may not have come to all the nonsense we are witnessing.KK believed in their rights ,stood by them and in terms of their contract raised a dispute with KPRL.This is going for arbitration as provided for,so lets wait for the outcome of that,if KK lose they pay the 600M.and we move on.
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