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KENOL/KOBIL
Rank: Member Joined: 4/17/2009 Posts: 194
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Here we go again. It looks like these crooks go way up. Your guess is as good as mine how far up. Else these sagas would have ended long ago. How come PLO never says anything?
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Rank: New-farer Joined: 1/10/2010 Posts: 73 Location: kenya
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PLO took the "Oath" (a.k.a Mumah) on day one on the job just like Ringera.
He came in to turn the commission into the National Theater of Poetry.
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Rank: Member Joined: 4/17/2009 Posts: 194
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chaliwong wrote:PLO took the "Oath" (a.k.a Mumah) on day one on the job just like Ringera.
He came in to turn the commission into the National Theater of Poetry. WOOOOOIIIIIII, Wololooowaterlooooooooooo.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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And our favourite and most talked about stock on wazua takes a beating....It can be fun to swing trade this one...9.35,9.80,9.35,9.80 etc
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Rank: Member Joined: 9/19/2010 Posts: 237 Location: Republic of Graham & Doddsville
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Iborian wrote:Here we go again. It looks like these crooks go way up. Your guess is as good as mine how far up. Else these sagas would have ended long ago. How come PLO never says anything?
Am just wondering... what happened to Performance Contract??? Is it that MK & RAO didn't believe in it from the very beginning and all it was during it's launch was a PR exercise... fullstop!!! We Will Either Find a Way or Create One - HANNIBAL
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I have at least an understanding of what is going on after reading this story.We have a mungiki like clique of businessmen who are making billions beating the system at the expenses of established brands Welcome to the capitalist Nation. Quote:Every month, the ullage committee, which is responsible for allocating space comes up with a list with details of the space allocated to importers at the Kipevu Oil Storage facility, the Mombasa-Nairobi pipeline and other storage facilities owned by Kenya Pipeline Company Ltd.
Out of the 53 licensed importers who were allocated ullage space in the month of April -- less than 10 own petroleum stations. If you combine the total of the space allocated to these new players, it is more than what has been allocated to a major player such as Kenol Kobil with 30 per cent share.
The weaknesses of a system skewed to favour traders at the expense of big players with marketing outlets came out clearly during last week's crisis.
In the middle of the crisis, KPC was sitting on 19 million litres of petrol in its tanks in Nairobi's Industrial Area even as motorist were suffering, having to wait in long queues.
It was to emerge later that of the 19 million litres of petrol in KPC tanks -- the largest proportion belonged to trading companies with no marketing outlets.
This explains last week's riddle of a country with too much petrol in storage yet not a drop in the petrol stations. http://allafrica.com/stories/201105090076.html'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Truth be told the "briefcase importers" have always been there and no one was complaining because they were kept in check and the big marketers had good margins so no one was complaining. Obviously everyone has now realized just lucrative it is to import oil and the big marketers started feeling the pinch and one by one they started moving out mobil, shell, caltex. IMHO what's happening now has to do with briefcase importer wanting a larger piece of the pie(i think it's MOE policy to support the locals which is ok), short term well it will work long term it will really mess the oil industry
Looking at Total Q1 they were actually saved by other income from sale of chevron assets otherwise they are in loss territory so KK will also not survive the shave even with regional expansion
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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The Merchant wrote:And our favourite and most talked about stock on wazua takes a beating....It can be fun to swing trade this one...9.35,9.80,9.35,9.80 etc Waiting to mop it up sub 9...  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 1/10/2010 Posts: 73 Location: kenya
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RAO visited Iran recently to see his friend President "...Ayatola **..**nidad" whatever.
Since there was nothing official to communicate to Kenya from Iran,there must have been some goodies for him from Iran in the form of some few metric tonnes (at a price of $ "I'll See You Later" Per Barrel). Campaign imeanza.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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With the Parliamentary Select Committee formed to investigate the increased cost of fuel and food in place, who will convince @coldtusker to appear before it? This will unlock the value of kk and possibly hand us KPC as icing. Not to forget KM and PN might end up in the gallows, after all Willy is now incharge.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Gordon Gekko wrote:With the Parliamentary Select Committee formed to investigate the increased cost of fuel and food in place, who will convince @coldtusker to appear before it? This will unlock the value of kk and possibly hand us KPC as icing. Not to forget KM and PN might end up in the gallows, after all Willy is now incharge. =>WILLY incharge already? and who was baks choice? My memory is failing me. I rem Kilukumi for prosecuter. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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I now remember Githu Mwigai. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,622
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It was obvious it was going to happen,super up 4.2 shillings from midnight.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@all...I am proud to be Kenyan coz no matter what we still prevail and come out tops! Hata ngata ikiwa 115!! We must be the hardiest nation in the globe!!
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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cnn wrote: It was obvious it was going to happen,super up 4.2 shillings from midnight. =>>what about Dieselli! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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jerry wrote:I now remember Githu Mwigai. ok, the director of prosecutions will be Tobiko, Patrick Kiage or Dorcas Oduor.
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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Nairobi is +4.20 but I think the other towns further away will be higher since transport costs have increased as well. When a fuel truck delivers fuel to Kakamega, mandera, etc it uses the 'pricier' fuel too leading to higher transport costs across the board! KPC has screwed up on the Pipeline otherwise fuel would go by pipeline all the way to Kisumu without the need for fuel trucks. http://www.kenolkobil.co...ay-2011-price-adjustmentGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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Anybody in receipt of their KK dividend thus far? IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mwenza wrote:Anybody in receipt of their KK dividend thus far? =>have to wait till Wednesday18th May 2011. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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jerry wrote:mwenza wrote:Anybody in receipt of their KK dividend thus far? =>have to wait till Wednesday18th May 2011. Some wazuans appeared confident that the payment date was 11th, May. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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