Could that be the reason?

The high court judgement is great for KK. I think there are only two factors that are holding back this share. One is the fact that there is a persistent seller(s) while the second could be the fear that with higher international oil prices, margins will get squeezed.

As for the first at some point, the seller(s) will get exhausted. Secondly, I do expect that international oil prices will moderate at some point and if not, consumers will have no choice but to accept higher retail prices.

With regard to the judgement, I expect that KPC will try to appeal, but sooner or later, they will run out of options. VIVA Bwana Segman!

mwanahisa, aren't you forgetting one little thing? Price Controls

Actually, No!

Contrary to popular belief, margins by OMCs in Kenya have not really been that much. Just look at the Net Profit as a percentage of Turnover for both KK and Total.

Thus if the economy is to run, i.e. without risk of shortages, we would expect that reasonable margins would still be enjoyed by the OMCs. KK already operated in price control economies such as Ethiopia and Tanzania. Indeed, Jacob Segman is on record as saying KK was not opposed to price controls "per se". However there should be a transparent mechanism for these resulting from regular reviews by independent, professional third party bodies.

Please do not buy KK...

I advocate you do NOT buy KK... until I have finished buying... And I have not...