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KK wins Sh4.6b award challenge
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Surealligator
#1 Posted : Thursday, October 07, 2010 3:42:07 PM
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Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
The High Court has thrown out an application by the Kenya Pipeline Company (KPC) to challenge a Sh4.6 billion award to KenolKobil by an arbitrator.

http://www.businessdaily.../-/ilpw97z/-/index.html

http://www.businessdaily.../600/-/bvpa29/-/KPC.jpg

Why is the share not moving up? Why? Vituvingisana, do something about it.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mlennyma
#2 Posted : Thursday, October 07, 2010 4:04:36 PM
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Joined: 7/21/2010
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Location: nairobi
It won long time ago,but this share has been dormant for a while and has kept everybody guessing.
"Don't let the fear of losing be greater than the excitement of winning."
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Gordon Gekko
#3 Posted : Thursday, October 07, 2010 5:22:01 PM
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Joined: 5/27/2008
Posts: 3,760
"The Judge, however, allowed an application by KPC lawyer John Ohaga to hold the execution of the award pending the hearing and determination of the substantive suit."

Not quite in the bag yet, but the end game is nigh as the KK castles and knights circle the KPC king. It will be a classic Kasparov check-mate.
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kasheshe
#4 Posted : Thursday, October 07, 2010 6:26:25 PM
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Joined: 8/6/2010
Posts: 26
Should the market factor this as a plus for KK, then the share may see some resurgence from the current Sh.10. Any idea when we may see some market response? I would want to accumulate for medium term since the current market excitement has by and large ignored KK.The fundamentals still look attractive.
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VituVingiSana
#5 Posted : Thursday, October 07, 2010 8:36:11 PM
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Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
Last kicks of a dying horse!

Between the lawsuits by KCB, Fortis, et al (Triton related) & KK's 4.6bn suit (unless GoK saves KPC through extra-legal means OR pays off KPC debts) the writing is on the wall for KPC...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#6 Posted : Thursday, October 07, 2010 9:40:53 PM
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Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
Honestly... I am totally CONFUSED...

Check the stories:

Business Daily on 7th Oct 2010: http://www.businessdaily.../-/ilpw97z/-/index.html

Business Daily on 8th Oct 2010: http://www.businessdaily...8/-/qfpbi1/-/index.html

Aren't these 2 stories contradictory???

I don't give much credence to the business reporting in Kenya but I jumped the gun here! I will wait for KK's take on this...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Surealligator
#7 Posted : Friday, October 08, 2010 9:31:57 AM
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Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
VituVingiSana wrote:
Honestly... I am totally CONFUSED...

Check the stories:

Business Daily on 7th Oct 2010: http://www.businessdaily.../-/ilpw97z/-/index.html

Business Daily on 8th Oct 2010: http://www.businessdaily...8/-/qfpbi1/-/index.html

Aren't these 2 stories contradictory???

I don't give much credence to the business reporting in Kenya but I jumped the gun here! I will wait for KK's take on this...


@Verymanythings

These links are dead. What was the story?
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mlennyma
#8 Posted : Friday, October 08, 2010 9:45:03 AM
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Location: nairobi
This is how papers lose credibility,you write kpc loses bid to contest award and the next headline is kpc given go-ahead to contest award.who is the fool?
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#9 Posted : Friday, October 08, 2010 10:53:27 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
Business Daily Africa on 7th Oct 2010:

Pipeline loses bid to contest Sh4.6b award to KenolKobil

http://www.businessdaily.../-/ilpw97z/-/index.html

Business Daily Africa on 8th Oct 2010:

KPC gets go-ahead to contest Sh4.6 billion Kenol award

http://www.businessdaily...550/1028158/-/qfpbi1/-/

Is this a case of Liar Liar Liar Liar

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#10 Posted : Friday, October 08, 2010 11:07:58 AM
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Posts: 6,675
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VituVingiSana wrote:
Business Daily Africa on 7th Oct 2010:

Pipeline loses bid to contest Sh4.6b award to KenolKobil

http://www.businessdaily.../-/ilpw97z/-/index.html

Business Daily Africa on 8th Oct 2010:

KPC gets go-ahead to contest Sh4.6 billion Kenol award

http://www.businessdaily...550/1028158/-/qfpbi1/-/

Is this a case of Liar Liar Liar Liar


@VVS is the judge who through out the appeal against the award the same one who recommended the contest of the award...

The story says they are different...
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#11 Posted : Friday, October 08, 2010 11:12:01 AM
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Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
Business Daily Africa on 7th Oct 2010:

Pipeline loses bid to contest Sh4.6b award to KenolKobil

http://www.businessdaily.../-/ilpw97z/-/index.html

Business Daily Africa on 8th Oct 2010:

KPC gets go-ahead to contest Sh4.6 billion Kenol award

http://www.businessdaily...550/1028158/-/qfpbi1/-/

Is this a case of Liar Liar Liar Liar


@VVS is the judge who through out the appeal against the award the same one who recommended the contest of the award...

The story says they are different...
Where does it say they are different? [I am saying the newspaper screwed up & gave us 2 contradicting stories... Story #1 KK 'won' & the the next day they change the story #2 KPC 'won']
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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